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Earnings Per Share
3 Months Ended
Nov. 27, 2021
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted earnings per share are calculated as follows:
Three Months Ended
(in thousands, except per share data)November 27,
2021
November 28,
2020
Net income$99,630 $57,423 
Weighted average common shares outstanding33,322 33,609 
Dilutive impact of stock compensation awards543 230 
Dilutive impact of convertible notes 513 — 
Weighted average common shares outstanding, assuming dilution34,378 33,839 
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution78 140 
Basic earnings per common share$2.99 $1.71 
Diluted earnings per common share$2.90 $1.70 

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.