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Earnings Per Share
6 Months Ended
Feb. 24, 2018
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
 
Six Months Ended
(In thousands, except per share data)
 
February 24,
2018
 
February 25,
2017
 
February 24,
2018
 
February 25,
2017
Income per share - basic
 
 
 
 
 
 
 
 
Net income
 
$
22,088

 
$
15,278

 
$
40,046

 
$
27,016

Weighted average shares outstanding
 
31,654

 
31,577

 
31,634

 
29,707

Net income per share - basic
 
$
0.70

 
$
0.48

 
$
1.27

 
$
0.91

 
 
 
 
 
 
 
 
 
Income per share - diluted
 
 
 
 
 
 
 
 
Net income
 
$
22,088

 
$
15,278

 
$
40,046

 
$
27,016

Weighted average shares outstanding
 
31,654

 
31,577

 
31,634

 
29,707

Dilutive impact of awards and options outstanding
 
200

 
109

 
218

 
120

Weighted average shares and potential dilutive shares outstanding
 
31,854

 
31,686

 
31,852

 
29,827

Net income per share - diluted
 
$
0.69

 
$
0.48

 
$
1.26

 
$
0.91



The computation of weighted average shares and potential dilutive shares outstanding excludes the effect of options to purchase 72,710 and 61,000 shares of common stock for the three months ended February 24, 2018 and February 25, 2017, respectively, and 72,710 and 61,000 shares of common stock for the six months ended February 24, 2018 and February 25, 2017, 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.