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Earnings Per Share | 9 Months Ended
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May 28, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic and diluted earnings per share are calculated as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands, except per share data) | May 28, 2022 |  | May 29, 2021 |  | May 28, 2022 |  | May 29, 2021
Net income | $ | 117,222 |  |  | $ | 71,295 |  |  | $ | 308,027 |  |  | $ | 197,786 |
Weighted average common shares outstanding | 32,389 |  |  | 33,552 |  |  | 32,936 |  |  | 33,565 |
Dilutive impact of stock compensation awards | 466 |  |  | 384 |  |  | 504 |  |  | 302 |
Dilutive impact of convertible notes | — |  |  | 836 |  |  | 119 |  |  | 76 |
Weighted average common shares outstanding, assuming dilution | 32,855 |  |  | 34,772 |  |  | 33,559 |  |  | 33,943 |
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution | 199 |  |  | 1 |  |  | 174 |  |  | 46 |
Basic earnings per common share | $ | 3.62 |  |  | $ | 2.12 |  |  | $ | 9.35 |  |  | $ | 5.89 |
Diluted earnings per common share | $ | 3.57 |  |  | $ | 2.05 |  |  | $ | 9.18 |  |  | $ | 5.83 |
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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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