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Income Per Share
9 Months Ended
May 26, 2018
Earnings Per Share [Abstract]  
Income Per Share
Income Per Share
The following table reflects the calculation of basic and diluted income per share:
 
 
Three Months Ended
 
Nine Months Ended
(In thousands, except per share data)
 
May 26,
2018
 
May 27,
2017
 
May 26,
2018
 
May 27,
2017
Income per share - basic
 
 
 
 
 
 
 
 
Net income
 
$
32,521

 
$
19,391

 
$
72,567

 
$
46,407

Weighted average shares outstanding
 
31,582

 
31,587

 
31,617

 
30,333

Net income per share - basic
 
$
1.03

 
$
0.61

 
$
2.30

 
$
1.53

 
 
 
 
 
 
 
 
 
Income per share - diluted
 
 
 
 
 
 
 
 
Net income
 
$
32,521

 
$
19,391

 
$
72,567

 
$
46,407

Weighted average shares outstanding
 
31,582

 
31,587

 
31,617

 
30,333

Dilutive impact of awards and options outstanding
 
171

 
104

 
208

 
115

Weighted average shares and potential dilutive shares outstanding
 
31,753

 
31,691

 
31,825

 
30,448

Net income per share - diluted
 
$
1.02

 
$
0.61

 
$
2.28

 
$
1.52


The computation of weighted average shares and potential dilutive shares outstanding excludes the effect of options to purchase 89,710 and 61,000 shares of common stock for the three months ended May 26, 2018 and May 27, 2017, respectively, and 58,860 and 61,000 shares of common stock for the nine months ended May 26, 2018 and May 27, 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.