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Earnings Per Share
 3 Months Ended
Nov. 25, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table reflects the calculation of basic and diluted income per share:
 
 
Three Months Ended
(In thousands, except per share data)
 
November 25,
2017
 
November 26,
2016
Income per share - basic
 
 
 
 
Net income
 
$
17,958

 
$
11,738

Weighted average shares outstanding
 
31,614

 
27,836

Net income per share - basic
 
$
0.57

 
$
0.42

 
 
 
 
 
Income per share - assuming dilution
 
 
 
 
Net income
 
$
17,958

 
$
11,738

Weighted average shares outstanding
 
31,614

 
27,836

Dilutive impact of awards and options outstanding
 
158

 
133

Weighted average shares and potential dilutive shares outstanding
 
31,772

 
27,969

Net income per share - assuming dilution
 
$
0.57

 
$
0.42



The computation of weighted average shares and potential dilutive shares outstanding excludes the effect of options to purchase 72,710 and 44,000 shares of common stock for the three months ended November 25, 2017 and November 26, 2016, respectively. These amounts were not included in the computation of diluted income per share because they are considered anti-dilutive under the treasury stock method per ASC 260, Earnings Per Share.