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Net Income Per Share
 6 Months Ended
Mar. 01, 2014
Net Income Per Share [Abstract]  
Net Income Per Share

Note 2. Net Income per Share

The following table sets forth the computation of basic and diluted net income per common share under the two-class method in accordance with Accounting Standards Codification™ ("ASC") Topic 260, “Earnings Per Share”:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thirteen Weeks Ended

 

Twenty-Six Weeks Ended

 

 

March 1,

 

March 2,

 

March 1,

 

March 2,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income as reported

 

$
49,512 

 

$
56,079 

 

$
108,558 

 

$
119,266 

Less: Distributed net income available to participating securities

 

 
(116)

 

 
(123)

 

 
(248)

 

 
(240)

Less: Undistributed net income available to participating securities

 

 
(221)

 

 
(300)

 

 
(514)

 

 
(644)

Numerator for basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed and distributed net income available to common shareholders         

 

$
49,175 

 

$
55,656 

 

$
107,796 

 

$
118,382 

Add: Undistributed net income allocated to participating securities

 

 
221 

 

 
300 

 

 
514 

 

 
644 

Less: Undistributed net income reallocated to participating securities

 

 
(220)

 

 
(299)

 

 
(512)

 

 
(641)

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for diluted  net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed and distributed net income available to common shareholders

 

$
49,176 

 

$
55,657 

 

$
107,798 

 

$
118,385 

   

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic net income per share

 

 
61,743 

 

 
62,699 

 

 
62,258 

 

 
62,538 

Effect of dilutive securities

 

 
307 

 

 
309 

 

 
306 

 

 
316 

Weighted average shares outstanding for diluted net income per share

 

 
62,050 

 

 
63,008 

 

 
62,564 

 

 
62,854 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share Two-class method:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
0.80 

 

$
0.89 

 

$
1.73 

 

$
1.89 

Diluted

 

$
0.79 

 

$
0.88 

 

$
1.72 

 

$
1.88 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There were no  antidilutive stock options included in the computation of diluted earnings per share for the thirteen week period ended March 1, 2014. Antidilutive stock options of 392 were not included in the computation of diluted earnings per share for the twenty-six week period ended March 1, 2014. There were no  antidilutive stock options included in the computation of diluted earnings per share for the thirteen and twenty-six week periods ended March 2, 2013.