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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Aug. 26, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The following is a summary of the results of operations for each of the quarters within the years ended August 26, 2017 and August 27, 2016. This quarterly financial information was prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission; however, the Company believes that the information furnished reflects all adjustments (consisting only of normal recurring adjustments) which were, in the opinion of management, necessary for a fair statement of results in the interim periods. This summary should be read in conjunction with these Consolidated Financial Statements and notes to Consolidated Financial Statements.
(In thousands, except per share data) For the year ended August 26, 2017 | First Quarter |  | Second Quarter |  | Third(1) Quarter |  | Fourth(2) Quarter
Revenues | $ | 386,108 |  |  | $ | 391,427 |  |  | $ | 409,834 |  |  | $ | 403,589 |
Income (loss) before income taxes | 46,064 |  |  | 37,374 |  |  | 39,362 |  |  | (7,677 | )
Provision (benefit) for income taxes | 17,850 |  |  | 14,858 |  |  | 15,000 |  |  | (2,781 | )
Net income (loss) | $ | 28,214 |  |  | $ | 22,516 |  |  | $ | 24,362 |  |  | $ | (4,896 | )
Income (loss) per share – basic |  |  |  |  |  |  |
Common Stock | $ | 1.46 |  |  | $ | 1.17 |  |  | $ | 1.26 |  |  | $ | (0.25 | )
Class B Common Stock | $ | 1.17 |  |  | $ | 0.93 |  |  | $ | 1.01 |  |  | $ | (0.20 | )
Income (loss) per share – diluted |  |  |  |  |  |  |
Common Stock | $ | 1.38 |  |  | $ | 1.10 |  |  | $ | 1.19 |  |  | $ | (0.24 | )
Income (loss) allocated to – basic |  |  |  |  |  |  |
Common Stock | $ | 22,342 |  |  | $ | 17,836 |  |  | $ | 19,307 |  |  | $ | (3,908 | )
Class B Common Stock | $ | 5,668 |  |  | $ | 4,518 |  |  | $ | 4,883 |  |  | $ | (978 | )
Income (loss) allocated to – diluted |  |  |  |  |  |  |
Common Stock | $ | 28,020 |  |  | $ | 22,362 |  |  | $ | 24,199 |  |  | $ | (4,886 | )
Weighted average number of shares outstanding – basic |  |  |  |  |  |  |
Common Stock | 15,285 |  |  | 15,305 |  |  | 15,326 |  |  | 15,402 |
Class B Common Stock | 4,847 |  |  | 4,846 |  |  | 4,846 |  |  | 4,818 |
Weighted average number of shares outstanding – diluted |  |  |  |  |  |  |
Common Stock | 20,249 |  |  | 20,263 |  |  | 20,279 |  |  | 20,220 |
(1)The Company's third quarter results include $5.4 million pre-tax loss compensation expense as a result of the accelerated vesting of certain shares upon the death of the Company's former Chief Executive Officer, Ronald Croatti. This loss translated into a $3.3 million net loss or $0.16 loss to the Company''s diluted earnings per share. (2)The Company's fourth quarter results include an impairment charge of capitalized costs as part of its ongoing CRM systems project totaling $55.8 million pre-tax loss. This loss translated into a $34.1 million net loss or $1.68 loss to the Company’s diluted earnings per share.
(In thousands, except per share data) For the year ended August 27, 2016 | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth(1) Quarter
Revenues | $ | 373,384 |  |  | $ | 363,097 |  |  | $ | 367,799 |  |  | $ | 363,766 |
Income before income taxes | 58,358 |  |  | 38,999 |  |  | 48,699 |  |  | 57,315 |
Provision for income taxes | 22,468 |  |  | 15,501 |  |  | 18,555 |  |  | 21,821 |
Net income | $ | 35,890 |  |  | $ | 23,498 |  |  | $ | 30,144 |  |  | $ | 35,494 |
Income per share – basic |  |  |  |  |  |  |
Common Stock | $ | 1.88 |  |  | $ | 1.23 |  |  | $ | 1.57 |  |  | $ | 1.84 |
Class B Common Stock | $ | 1.50 |  |  | $ | 0.98 |  |  | $ | 1.26 |  |  | $ | 1.47 |
Income per share – diluted |  |  |  |  |  |  |
Common Stock | $ | 1.78 |  |  | $ | 1.16 |  |  | $ | 1.49 |  |  | $ | 1.74 |
Income allocated to – basic |  |  |  |  |  |  |
Common Stock | $ | 28,539 |  |  | $ | 18,691 |  |  | $ | 23,939 |  |  | $ | 28,097 |
Class B Common Stock | $ | 7,193 |  |  | $ | 4,704 |  |  | $ | 6,061 |  |  | $ | 7,139 |
Income allocated to – diluted |  |  |  |  |  |  |
Common Stock | $ | 35,741 |  |  | $ | 23,401 |  |  | $ | 30,007 |  |  | $ | 35,250 |
Weighted average number of shares outstanding – basic |  |  |  |  |  |  |
Common Stock | 15,218 |  |  | 15,241 |  |  | 15,253 |  |  | 15,268 |
Class B Common Stock | 4,795 |  |  | 4,795 |  |  | 4,827 |  |  | 4,850 |
Weighted average number of shares outstanding – diluted |  |  |  |  |  |  |
Common Stock | 20,132 |  |  | 20,138 |  |  | 20,183 |  |  | 20,223 |
(1)In the fourth fiscal quarter of 2016, operating results benefited from a settlement of environmental litigation that resulted in the Company recording a $15.9 million pre-tax gain. This gain translated into a $0.48 benefit to the Company’s diluted earnings per share.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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