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Income Per Share (Tables) | 6 Months Ended
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Feb. 27, 2021
Earnings Per Share [Abstract] |
Schedule of Computation of Basic Income Per Share | The following table sets forth the computation of basic income per share using the two-class method for amounts attributable to the Company’s shares of Common Stock and Class B Common Stock (in thousands, except per share data):
|  | Thirteen Weeks Ended |  |  | Twenty-Six Weeks Ended |
|  | February 27, 2021 |  |  | February 29, 2020 |  |  | February 27, 2021 |  |  | February 29, 2020 |
Net income available to shareholders |  | $ | 32,585 |  |  | $ | 34,680 |  |  | $ | 74,481 |  |  | $ | 82,922 |
Allocation of net income for Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 27,349 |  |  | $ | 29,129 |  |  | $ | 62,520 |  |  | $ | 69,654 |
Class B Common Stock |  |  | 5,236 |  |  |  | 5,551 |  |  |  | 11,961 |  |  |  | 13,268 |
|  | $ | 32,585 |  |  | $ | 34,680 |  |  | $ | 74,481 |  |  | $ | 82,922 |
Weighted average number of shares for Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 15,223 |  |  |  | 15,293 |  |  |  | 15,235 |  |  |  | 15,300 |
Class B Common Stock |  |  | 3,643 |  |  |  | 3,643 |  |  |  | 3,643 |  |  |  | 3,643 |
|  |  | 18,866 |  |  |  | 18,936 |  |  |  | 18,878 |  |  |  | 18,943 |
Income per share for Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.80 |  |  | $ | 1.90 |  |  | $ | 4.10 |  |  | $ | 4.55 |
Class B Common Stock |  | $ | 1.44 |  |  | $ | 1.52 |  |  | $ | 3.28 |  |  | $ | 3.64 |
Schedule of Computation of Diluted Income Per Share | The following tables set forth the computation of diluted income per share of Common Stock for the thirteen and twenty-six weeks ended February 27, 2021 and February 29, 2020 (in thousands, except per share data):
|  | Thirteen weeks ended February 27, 2021 |  |  | Twenty-six weeks ended February 27, 2021 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 27,349 |  |  |  | 15,223 |  |  | $ | 1.80 |  |  | $ | 62,520 |  |  |  | 15,235 |  |  | $ | 4.10 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 171 |  |  |  |  |  |  |  | — |  |  |  | 154 |  |  |  |  |
Class B Common Stock |  |  | 5,236 |  |  |  | 3,643 |  |  |  |  |  |  |  | 11,961 |  |  |  | 3,643 |  |  |  |  |
As reported – Diluted |  | $ | 32,585 |  |  |  | 19,037 |  |  | $ | 1.71 |  |  | $ | 74,481 |  |  |  | 19,032 |  |  | $ | 3.91 |
|  | Thirteen weeks ended February 29, 2020 |  |  | Twenty-six weeks ended February 29, 2020 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 29,129 |  |  |  | 15,293 |  |  | $ | 1.90 |  |  | $ | 69,654 |  |  |  | 15,300 |  |  | $ | 4.55 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 169 |  |  |  |  |  |  |  | — |  |  |  | 171 |  |  |  |  |
Class B Common Stock |  |  | 5,551 |  |  |  | 3,643 |  |  |  |  |  |  |  | 13,268 |  |  |  | 3,643 |  |  |  |  |
As reported – Diluted |  | $ | 34,680 |  |  |  | 19,105 |  |  | $ | 1.82 |  |  | $ | 82,922 |  |  |  | 19,114 |  |  | $ | 4.34 |

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