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Income Per Share (Tables) | 9 Months Ended
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May 28, 2022
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 |  |  | Thirty-Nine Weeks Ended |
|  | May 28, 2022 |  |  | May 29, 2021 |  |  | May 28, 2022 |  |  | May 29, 2021 |
Net income available to shareholders |  | $ | 25,067 |  |  | $ | 42,016 |  |  | $ | 77,223 |  |  | $ | 116,497 |
Allocation of net income for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 21,037 |  |  | $ | 35,270 |  |  | $ | 64,835 |  |  | $ | 97,792 |
Class B Common Stock |  |  | 4,030 |  |  |  | 6,746 |  |  |  | 12,388 |  |  |  | 18,705 |
|  | $ | 25,067 |  |  | $ | 42,016 |  |  | $ | 77,223 |  |  | $ | 116,497 |
Weighted average number of shares for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 15,170 |  |  |  | 15,238 |  |  |  | 15,211 |  |  |  | 15,238 |
Class B Common Stock |  |  | 3,632 |  |  |  | 3,643 |  |  |  | 3,632 |  |  |  | 3,643 |
|  |  | 18,802 |  |  |  | 18,881 |  |  |  | 18,843 |  |  |  | 18,881 |
Income per share for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.39 |  |  | $ | 2.31 |  |  | $ | 4.26 |  |  | $ | 6.42 |
Class B Common Stock |  | $ | 1.11 |  |  | $ | 1.85 |  |  | $ | 3.41 |  |  | $ | 5.13 |
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 thirty-nine weeks ended May 28, 2022 and May 29, 2021 (in thousands, except per share data):
|  | Thirteen weeks ended May 28, 2022 |  |  | Thirty-nine weeks ended May 28, 2022 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 21,037 |  |  |  | 15,170 |  |  | $ | 1.39 |  |  | $ | 64,835 |  |  |  | 15,211 |  |  | $ | 4.26 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 73 |  |  |  |  |  |  | — |  |  |  | 115 |  |  |  |
Class B Common Stock |  |  | 4,030 |  |  |  | 3,632 |  |  |  |  |  |  | 12,388 |  |  |  | 3,632 |  |  |  |
As reported – Diluted |  | $ | 25,067 |  |  |  | 18,875 |  |  | $ | 1.33 |  |  | $ | 77,223 |  |  |  | 18,958 |  |  | $ | 4.07 |
|  | Thirteen weeks ended May 29, 2021 |  |  | Thirty-nine weeks ended May 29, 2021 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 35,270 |  |  |  | 15,238 |  |  | $ | 2.31 |  |  | $ | 97,792 |  |  |  | 15,238 |  |  | $ | 6.42 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 170 |  |  |  |  |  |  | — |  |  |  | 160 |  |  |  |
Class B Common Stock |  |  | 6,746 |  |  |  | 3,643 |  |  |  |  |  |  | 18,705 |  |  |  | 3,643 |  |  |  |
As reported – Diluted |  | $ | 42,016 |  |  |  | 19,051 |  |  | $ | 2.21 |  |  | $ | 116,497 |  |  |  | 19,041 |  |  | $ | 6.12 |

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