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Income Per Share (Tables) | 9 Months Ended
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May 25, 2024
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 25, 2024 |  |  | May 27, 2023 |  |  | May 25, 2024 |  |  | May 27, 2023 |
Net income available to shareholders |  | $ | 38,057 |  |  | $ | 24,276 |  |  | $ | 100,839 |  |  | $ | 76,043 |
Allocation of net income for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 31,962 |  |  | $ | 20,394 |  |  | $ | 84,716 |  |  | $ | 63,882 |
Class B Common Stock |  |  | 6,095 |  |  |  | 3,882 |  |  |  | 16,123 |  |  |  | 12,161 |
|  | $ | 38,057 |  |  | $ | 24,276 |  |  | $ | 100,839 |  |  | $ | 76,043 |
Weighted average number of shares for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 15,062 |  |  |  | 15,087 |  |  |  | 15,094 |  |  |  | 15,084 |
Class B Common Stock |  |  | 3,590 |  |  |  | 3,590 |  |  |  | 3,590 |  |  |  | 3,590 |
|  |  | 18,652 |  |  |  | 18,677 |  |  |  | 18,684 |  |  |  | 18,674 |
Income per share for Basic: |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 2.12 |  |  | $ | 1.35 |  |  | $ | 5.61 |  |  | $ | 4.23 |
Class B Common Stock |  | $ | 1.70 |  |  | $ | 1.08 |  |  | $ | 4.49 |  |  | $ | 3.39 |
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 25, 2024 and May 27, 2023 (in thousands, except per share data):
|  | Thirteen Weeks Ended May 25, 2024 |  |  | Thirty-Nine Weeks Ended May 25, 2024 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 31,962 |  |  |  | 15,062 |  |  | $ | 2.12 |  |  | $ | 84,716 |  |  |  | 15,094 |  |  | $ | 5.61 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 53 |  |  |  |  |  |  | — |  |  |  | 54 |  |  |  |
Class B Common Stock |  |  | 6,095 |  |  |  | 3,590 |  |  |  |  |  |  | 16,123 |  |  |  | 3,590 |  |  |  |
As reported – Diluted |  | $ | 38,057 |  |  |  | 18,705 |  |  | $ | 2.03 |  |  | $ | 100,839 |  |  |  | 18,738 |  |  | $ | 5.38 |
|  | Thirteen Weeks Ended May 27, 2023 |  |  | Thirty-Nine Weeks Ended May 27, 2023 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | Income Per Share |
As reported - Basic |  | $ | 20,394 |  |  |  | 15,087 |  |  | $ | 1.35 |  |  | $ | 63,882 |  |  |  | 15,084 |  |  | $ | 4.23 |
Add: effect of dilutive potential common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Awards |  |  | — |  |  |  | 71 |  |  |  |  |  |  | — |  |  |  | 77 |  |  |  |
Class B Common Stock |  |  | 3,882 |  |  |  | 3,590 |  |  |  |  |  |  | 12,161 |  |  |  | 3,590 |  |  |  |
As reported – Diluted |  | $ | 24,276 |  |  |  | 18,748 |  |  | $ | 1.29 |  |  | $ | 76,043 |  |  |  | 18,751 |  |  | $ | 4.06 |

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