XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.2

Net Income per Share | 9 Months Ended
--- | ---
Jun. 01, 2024
Earnings Per Share [Abstract] |
Net Income per Share | Net Income per Share Basic 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. In the first quarter of fiscal year 2024, all Class B Common Stock was reclassified, exchanged and converted into Class A Common Stock in connection with the Reclassification. See Note 8, “Shareholders’ Equity” for additional information. 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- and thirty-nine-week periods ended June 1, 2024 and June 3, 2023:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| June 1, 2024 |  | June 3, 2023 |  | June 1, 2024 |  | June 3, 2023
Numerator: |  |  |  |  |  |  |
Net income attributable to MSC Industrial, as reported | $ | 71,705 |  |  | $ | 95,180 |  |  | $ | 202,902 |  |  | $ | 255,634 |
Denominator: |  |  |  |  |  |  |
Weighted-average shares outstanding for basic net income per share | 56,214 |  |  | 55,963 |  |  | 56,323 |  |  | 55,911 |
Effect of dilutive securities | 137 |  |  | 193 |  |  | 191 |  |  | 210 |
Weighted-average shares outstanding for diluted net income per share | 56,351 |  |  | 56,156 |  |  | 56,514 |  |  | 56,121 |
Net income per share: |  |  |  |  |  |  |
Basic | $ | 1.28 |  |  | $ | 1.70 |  |  | $ | 3.60 |  |  | $ | 4.57 |
Diluted | $ | 1.27 |  |  | $ | 1.69 |  |  | $ | 3.59 |  |  | $ | 4.56 |
Potentially dilutive securities | 16 |  | 0 |  | 10 |  | 204
Potentially dilutive securities attributable to outstanding share-based awards 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration