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Earnings Per Share
9 Months Ended
May 29, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted earnings per share are calculated as follows:
Three Months EndedNine Months Ended
(in thousands, except per share data)May 29,
2021
May 30,
2020
May 29,
2021
May 30,
2020
Net income (loss)$71,295 $(12,353)$197,786 $18,983 
Weighted average common shares outstanding33,552 33,625 33,565 33,102 
Dilutive impact of stock compensation awards384 — 302 187 
Dilutive impact of convertible notes836 — 76 — 
Weighted average diluted common shares outstanding34,772 33,625 33,943 33,289 
Anti-dilutive securities excluded from weighted average diluted common shares outstanding123 46 104 
Basic earnings (loss) per common share$2.12 $(0.37)$5.89 $0.57 
Diluted earnings (loss) per common share$2.05 $(0.37)$5.83 $0.57 

Under the treasury stock method, shares associated with certain anti-dilutive securities have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options would lead to a net reduction in common shares outstanding or anti-dilution.