XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.23.1

Earnings Per Share (Tables) | 6 Months Ended
--- | ---
Feb. 25, 2023
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Income Per Share | Basic and diluted earnings per share are calculated as follows:
| Three Months Ended |  | Six Months Ended
(in millions, except per share data) | February 25, 2023 |  | February 26, 2022 |  | February 25, 2023 |  | February 26, 2022
Earnings per share - basic |  |  |  |  |  |  |
Net income | $ | 52.8 |  |  | $ | 91.2 |  |  | $ | 113.0 |  |  | $ | 190.8 |
Weighted average common shares outstanding | 30.5 |  |  | 33.1 |  |  | 30.5 |  |  | 33.2 |
Basic earnings per common share(1) | $ | 1.73 |  |  | $ | 2.75 |  |  | $ | 3.71 |  |  | $ | 5.75 |
Earnings per share - diluted |  |  |  |  |  |  |
Net income | $ | 52.8 |  |  | $ | 91.2 |  |  | $ | 113.0 |  |  | $ | 190.8 |
Interest expense on convertible notes, net of tax | 1.2 |  |  | — |  |  | 2.4 |  |  | — |
Diluted net income | $ | 54.0 |  |  | $ | 91.2 |  |  | $ | 115.4 |  |  | $ | 190.8 |
Weighted average common shares outstanding | 30.5 |  |  | 33.1 |  |  | 30.5 |  |  | 33.2 |
Dilutive impact of stock compensation awards | 0.3 |  |  | 0.4 |  |  | 0.3 |  |  | 0.5 |
Dilutive impact of convertible notes | 4.7 |  |  | 0.4 |  |  | 4.7 |  |  | 0.5 |
Weighted average common shares outstanding, assuming dilution | 35.5 |  |  | 33.9 |  |  | 35.5 |  |  | 34.2 |
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution | 0.2 |  |  | — |  |  | 0.1 |  |  | 0.1 |
Diluted earnings per common share(1) | $ | 1.52 |  |  | $ | 2.69 |  |  | $ | 3.25 |  |  | $ | 5.58 |
(1) Earnings per share amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration