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Earnings Per Share
6 Months Ended
Feb. 26, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted earnings per share are calculated as follows:
Three Months EndedSix Months Ended
(in thousands, except per share data)February 26,
2022
February 27,
2021
February 26,
2022
February 27,
2021
Net income$91,175 $69,068 $190,805 $126,491 
Weighted average common shares outstanding33,098 33,533 33,210 33,571 
Dilutive impact of stock compensation awards458 270 511 250 
Dilutive impact of convertible notes 378 107 447 — 
Weighted average common shares outstanding, assuming dilution33,934 33,910 34,168 33,821 
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution40 — 112 53 
Basic earnings per common share$2.75 $2.06 $5.75 $3.77 
Diluted earnings per common share$2.69 $2.04 $5.58 $3.74 

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.