Shareholders' Equity

6 Months Ended

Mar. 02, 2019

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 9. Shareholders’ Equity

Common Stock Repurchases and Treasury Stock

During the thirteen and twenty-six-week periods ended March 2, 2019, the Company repurchased 275 and 1,053 shares of its Class A common stock for $20,898 and $84,425, respectively.From these totals, 275 and 315 shares have not been retired and the amounts of $20,898 and $24,098 are reflected at cost as treasury stock in the accompanying condensed consolidated financial statements for the thirteen and twenty-six weeks ended March 2, 2019, respectively.

During the thirteen and twenty-six-week periods ended March 3, 2018, the Company repurchased 198 and 249 shares of its Class A common stock for $17,710 and $21,728, respectively.These shares were not retired and the values are reflected at cost as treasury stock in the accompanying condensed consolidated financial statements for the thirteen and twenty-six weeks ended March 3, 2018.

The total number of shares of Class A common stock authorized for future repurchase was approximately 1,157 shares at March 2, 2019.

The Company reissued20 and 33 shares of treasury stock during the thirteen and twenty-six-week periods ended March 2, 2019, respectively, and reissued17 and 30 shares of treasury stock during the thirteen and twenty-six-week periods ended March 3, 2018, respectively, to fund the Associate Stock Purchase Plan.

Dividends on Common Stock

On March 26, 2019, the Board of Directors declared a quarterly cash dividend of $0.63 per share payable on April 23, 2019 to shareholders of record at the close of business on April 9, 2019. The dividend will result in a payout of approximately $34,757, based on the number of shares outstanding at March 18, 2019.