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Stock-Based Compensation (Tables) | 9 Months Ended
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Jun. 03, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | The Company accounts for all stock-based payments in accordance with Accounting Standards Codification Topic 718, “Compensation—Stock Compensation,” as amended. Stock-based compensation expense, net included in Operating expenses for the thirteen- and thirty-nine-week periods ended June 3, 2023 and May 28, 2022 was as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| June 3, 2023 |  | May 28, 2022 |  | June 3, 2023 |  | May 28, 2022
Stock options | $ | — |  |  | $ | 214 |  |  | $ | 101 |  |  | $ | 1,019 |
Restricted stock units (1) | 3,827 |  |  | 3,212 |  |  | 11,495 |  |  | 11,221 |
Performance share units (1) | 760 |  |  | 873 |  |  | 2,800 |  |  | 2,070 |
Associate Stock Purchase Plan | 68 |  |  | 71 |  |  | 228 |  |  | 249 |
Total | 4,655 |  |  | 4,370 |  |  | 14,624 |  |  | 14,559 |
Deferred income tax benefit | (1,150) |  |  | (1,120) |  |  | (3,641) |  |  | (3,596) |
Stock-based compensation expense, net | $ | 3,505 |  |  | $ | 3,250 |  |  | $ | 10,983 |  |  | $ | 10,963 |
(1)Includes equity award acceleration costs associated with associate severance and separation.
Summary of Stock Option Activity | A summary of the Company’s stock option activity for the thirty-nine-week period ended June 3, 2023 is as follows:
| Options |  | Weighted-Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding on September 3, 2022 | 614 |  | $ | 78.96 |  |  |  |  |
Granted | — |  | — |  |  |  |  |
Exercised | (296) |  | 76.37 |  |  |  |  |
Canceled/Forfeited/Expired | (25) |  | 80.40 |  |  |  |  |
Outstanding on June 3, 2023 | 293 |  | $ | 81.46 |  |  | 1.8 |  | $ | 3,535 |
Exercisable on June 3, 2023 | 293 |  | $ | 81.46 |  |  | 1.8 |  | $ | 3,535 |
Summary of Performance Share Unit Activity | The following table summarizes all transactions related to PSUs under the MSC Industrial Direct Co., Inc. 2015 Omnibus Incentive Plan (the “2015 Omnibus Incentive Plan”) and the MSC Industrial Direct Co., Inc. 2023 Omnibus Incentive Plan (the “2023 Omnibus Incentive Plan”) (based on target award amounts) for the thirty-nine-week period ended June 3, 2023:
|  | Shares |  | Weighted-Average Grant Date Fair Value
Non-vested PSUs at September 3, 2022 |  | 88 |  | $ | 80.04 |
Granted |  | 51 |  | 82.16 |
PSU adjustment (1) |  | 4 |  | 76.32 |
Vested |  | (26) |  | 76.32 |
Canceled/Forfeited |  | (3) |  | 82.95 |
Non-vested PSUs at June 3, 2023 (2) |  | 114 |  | $ | 81.83 |
(1)PSU adjustment represents the net PSUs awarded above or below their target grants resulting from the achievement of performance goals above or below the performance targets established at grant. One grant goal was achieved at 116% of its target based on fiscal year 2020 through fiscal year 2022 financial results. (2)Excludes approximately 11 shares of accrued incremental dividend equivalent rights on outstanding PSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.
Summary of Non-Vested Restricted Stock Unit Award Activity | A summary of the Company’s non-vested restricted stock unit (“RSU”) award activity under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan for the thirty-nine-week period ended June 3, 2023 is as follows:
|  |  | Shares |  | Weighted-Average Grant Date Fair Value
Non-vested RSUs at September 3, 2022 |  |  | 448 |  | $ | 79.71 |
Granted |  |  | 215 |  | 82.23 |
Vested |  |  | (164) |  | 79.38 |
Canceled/Forfeited |  |  | (16) |  | 81.09 |
Non-vested RSUs at June 3, 2023 (1) |  |  | 483 |  | $ | 80.89 |
(1)Excludes approximately 46 shares of accrued incremental dividend equivalent rights on outstanding RSUs granted under the 2015 Omnibus Incentive Plan and the 2023 Omnibus Incentive Plan.

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