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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 25, 2017
Feb. 27, 2016
Feb. 25, 2017
Feb. 27, 2016
Net revenues $ 370,510 $ 225,672 $ 615,818 $ 439,895
Cost of goods sold 321,194 200,396 537,627 389,370
Gross profit 49,316 25,276 78,191 50,525
Operating expenses:        
Selling 9,553 4,929 15,423 9,944
General and administrative 12,540 8,437 22,446 17,257
Postretirement health care benefit income (11,983) (1,593) (24,796) (2,938)
Transaction costs 463 0 5,925 0
Amortization of intangible assets 10,367 0 12,418 0
Total operating expenses 20,940 11,773 31,416 24,263
Operating income 28,376 13,503 46,775 26,262
Interest expense 5,178 0 6,306 0
Non-operating expense (income) 4 18 (83) (117)
Income before income taxes 23,194 13,485 40,552 26,379
Provision for income taxes 7,916 4,131 13,536 8,467
Net income $ 15,278 $ 9,354 $ 27,016 $ 17,912
Income per common share:        
Basic $ 0.48 $ 0.35 $ 0.91 $ 0.66
Diluted $ 0.48 $ 0.35 $ 0.91 $ 0.66
Weighted average common shares outstanding:        
Basic (in shares) 31,577 26,936 29,707 26,956
Diluted (in shares) 31,686 27,015 29,827 27,042
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.10 $ 0.20 $ 0.20
Other comprehensive (loss) income:        
Amortization of prior service credit (net of tax of $7,495, $764, $15,409 and $1,417) $ (12,177) $ (1,242) $ (25,035) $ (2,302)
Amortization of net actuarial loss (net of tax of $2,932, $160, $5,968 and $302) 4,764 260 9,696 491
Plan amendment, (net of tax of $$0, $0, $2,402 and $10,895) 0 0 3,903 17,701
Change in value of interest rate swap (net of tax of $270, $0, $270 and $0) (439) 0 (439) 0
Total other comprehensive (loss) income (7,852) (982) (11,875) 15,890
Comprehensive income $ 7,426 $ 8,372 $ 15,141 $ 33,802