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Earnings Per Share (Tables) | 9 Months Ended
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May 27, 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 |  | Nine Months Ended
(in millions, except per share data) | May 27, 2023 |  | May 28, 2022 |  | May 27, 2023 |  | May 28, 2022
Earnings per share - basic |  |  |  |  |  |  |
Net income | $ | 59.1 |  |  | $ | 117.2 |  |  | $ | 172.1 |  |  | $ | 308.0 |
Weighted average common shares outstanding | 30.4 |  |  | 32.4 |  |  | 30.4 |  |  | 32.9 |
Basic earnings per common share(1) | $ | 1.95 |  |  | $ | 3.62 |  |  | $ | 5.66 |  |  | $ | 9.35 |
Earnings per share - diluted |  |  |  |  |  |  |
Net income | $ | 59.1 |  |  | $ | 117.2 |  |  | $ | 172.1 |  |  | $ | 308.0 |
Interest expense on convertible notes, net of tax | 1.2 |  |  | — |  |  | 3.6 |  |  | — |
Diluted net income | $ | 60.3 |  |  | $ | 117.2 |  |  | $ | 175.7 |  |  | $ | 308.0 |
Weighted average common shares outstanding | 30.4 |  |  | 32.4 |  |  | 30.4 |  |  | 32.9 |
Dilutive impact of stock compensation awards | 0.3 |  |  | 0.5 |  |  | 0.4 |  |  | 0.5 |
Dilutive impact of convertible notes | 4.7 |  |  | — |  |  | 4.7 |  |  | 0.2 |
Weighted average common shares outstanding, assuming dilution | 35.4 |  |  | 32.9 |  |  | 35.5 |  |  | 33.6 |
Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution | 0.1 |  |  | 0.2 |  |  | 0.1 |  |  | 0.2 |
Diluted earnings per common share(1) | $ | 1.71 |  |  | $ | 3.57 |  |  | $ | 4.95 |  |  | $ | 9.18 |
(1) Earnings per share amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.

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- 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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