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Net Income Per Share
 9 Months Ended
May 31, 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

 

Thirty-Nine Weeks Ended

 

 

May 31,

 

June 1,

 

May 31,

 

June 1,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income as reported

 

$
64,696 

 

$
62,354 

 

$
173,254 

 

$
181,620 

Less: Distributed net income available to participating securities

 

 
(120)

 

 
(125)

 

 
(368)

 

 
(365)

Less: Undistributed net income available to participating securities

 

 
(327)

 

 
(347)

 

 
(841)

 

 
(991)

Numerator for basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed and distributed net income available to common shareholders         

 

$
64,249 

 

$
61,882 

 

$
172,045 

 

$
180,264 

  Add: Undistributed net income allocated to participating securities

 

 
327 

 

 
347 

 

 
841 

 

 
991 

Less: Undistributed net income reallocated to participating securities

 

 
(325)

 

 
(345)

 

 
(837)

 

 
(986)

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for diluted  net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Undistributed and distributed net income available to common shareholders

 

$
64,251 

 

$
61,884 

 

$
172,049 

 

$
180,269 

   

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding for basic net income per share

 

 
61,896 

 

 
62,808 

 

 
62,137 

 

 
62,628 

Effect of dilutive securities

 

 
316 

 

 
326 

 

 
310 

 

 
319 

Weighted average shares outstanding for diluted net income per share

 

 
62,212 

 

 
63,134 

 

 
62,447 

 

 
62,947 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share Two-class method:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
1.04 

 

$
0.99 

 

$
2.77 

 

$
2.88 

Diluted

 

$
1.03 

 

$
0.98 

 

$
2.76 

 

$
2.86 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There were no  antidilutive stock options included in the computation of diluted earnings per share for the thirteen and thirty-nine week periods ended May 31, 2014. There were no  antidilutive stock options included in the computation of diluted earnings per share for the thirteen and thirty-nine week periods ended June 1, 2013.