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Net Income Per Share | 3 Months Ended
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Dec. 03, 2022
Net Income Per Share [Abstract] |
Net Income Per Share | Note 3. Net Income per Share Net income per share is computed by dividing net income by the weighted-average number of shares of the Company’s Class A Common Stock, par value $0.001 per share (“Class A Common Stock”), and the Company’s Class B Common Stock, par value $0.001 per share (“Class B Common Stock” and, together with Class A Common Stock, “Common Stock”), outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of Common Stock outstanding during the period, including potentially dilutive shares of Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Common Stock is determined using the treasury stock method. The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for the thirteen weeks ended December 3, 2022 and November 27, 2021.
|  | Thirteen Weeks Ended
|  | December 3, |  | November 27,
|  | 2022 |  | 2021
Numerator: |  |  |  |  |  |
Net income attributable to MSC Industrial as reported |  | $ | 81,314 |  | $ | 66,067
Denominator: |  |  |  |  |  |
Weighted-average shares outstanding for basic net income per share |  |  | 55,891 |  |  | 55,530
Effect of dilutive securities |  |  | 190 |  |  | 326
Weighted-average shares outstanding for diluted net income per share |  |  | 56,081 |  |  | 55,856
Net income per share: |  |  |  |  |  |
Basic |  | $ | 1.45 |  | $ | 1.19
Diluted |  | $ | 1.45 |  | $ | 1.18
Potentially dilutive securities |  |  | 499 |  |  | 434
Potentially dilutive securities attributable to outstanding stock options and restricted stock units are excluded from the calculation of diluted net income per share when the combined exercise price and average unamortized fair value are greater than the average market price of Class A Common Stock, and, therefore, their inclusion would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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