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Stock-Based Compensation (Tables) | 9 Months Ended
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Jun. 01, 2024
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 included in Operating expenses for the thirteen- and thirty-nine-week periods ended June 1, 2024 and June 3, 2023 was as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| June 1, 2024 |  | June 3, 2023 |  | June 1, 2024 |  | June 3, 2023
Stock options | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 101 |
Restricted stock units (1) | 3,414 |  |  | 3,827 |  |  | 11,466 |  |  | 11,495 |
Performance share units (1) | (55) |  |  | 760 |  |  | 1,598 |  |  | 2,800 |
Associate Stock Purchase Plan | 99 |  |  | 68 |  |  | 283 |  |  | 228 |
Stock-based compensation expense | 3,458 |  |  | 4,655 |  |  | 13,347 |  |  | 14,624 |
Deferred income tax benefit | (891) |  |  | (1,150) |  |  | (3,234) |  |  | (3,641) |
Stock-based compensation expense, net | $ | 2,567 |  |  | $ | 3,505 |  |  | $ | 10,113 |  |  | $ | 10,983 |
(1)Includes equity award acceleration costs associated with associate severance and separation, which are included in Restructuring and other costs in the unaudited Condensed Consolidated Statements of Income for the thirty-nine-week period ended June 1, 2024 and for the thirteen- and thirty-nine-week periods ended June 3, 2023. See Note 9, “Restructuring and Other Costs” for additional information.
Summary of Stock Option Activity | A summary of the Company’s stock option activity for the thirty-nine-week period ended June 1, 2024 is as follows:
| Shares |  | Weighted-Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding on September 2, 2023 | 218 |  | $ | 81.60 |  |  |  |  |
Granted | — |  | — |  |  |  |  |
Exercised | (110) |  | 80.34 |  |  |  |  |
Canceled/Forfeited/Expired | — |  | — |  |  |  |  |
Outstanding on June 1, 2024 | 108 |  | $ | 82.89 |  |  | 1.3 |  | $ | 325 |
Exercisable on June 1, 2024 | 108 |  | $ | 82.89 |  |  | 1.3 |  | $ | 325 |
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 1, 2024:
|  | Shares |  | Weighted-Average Grant Date Fair Value per Share
Non-vested PSUs at September 2, 2023 |  | 112 |  | $ | 81.81 |
Granted |  | 45 |  | 97.78 |
PSU adjustment (1) |  | 23 |  | 74.79 |
Vested |  | (46) |  | 74.79 |
Canceled/Forfeited |  | (2) |  | 84.31 |
Non-vested PSUs at June 1, 2024 (2) |  | 132 |  | $ | 88.39 |
(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 200% of its target based on fiscal year 2021 through fiscal year 2023 financial results. (2)Excludes approximately 6 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 1, 2024 is as follows:
|  | Shares |  | Weighted-Average Grant Date Fair Value per Share
Non-vested RSUs at September 2, 2023 |  | 467 |  | $ | 80.98 |
Granted |  | 191 |  | 98.13 |
Vested |  | (188) |  | 80.57 |
Canceled/Forfeited |  | (22) |  | 86.73 |
Non-vested RSUs at June 1, 2024 (1) |  | 448 |  | $ | 88.20 |
(1)Excludes approximately 32 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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