Net Income per Share

6 Months Ended

Mar. 01, 2025

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 (“Class A 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 Class A Common Stock outstanding during the period, including potentially dilutive shares of Class A Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Class A 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 twenty-six-week periods ended March 1, 2025 and March 2, 2024:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	March 1, 2025		March 2, 2024		March 1, 2025		March 2, 2024
Numerator:
Net income attributable to MSC Industrial, as reported	$	39,314	$	61,847	$	85,937	$	131,197
Denominator:
Weighted-average shares outstanding for basic net income per share	55,793		56,325		55,845		56,377
Effect of dilutive securities	58		142		115		218
Weighted-average shares outstanding for diluted net income per share	55,851		56,467		55,960		56,595
Net income per share:
Basic	$	0.70	$	1.10	$	1.54	$	2.33
Diluted	$	0.70	$	1.10	$	1.54	$	2.32

Potentially dilutive securities	204		15		151		8

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.