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Summary Of Quarterly Results (Tables)
12 Months Ended
Aug. 29, 2020
Summary Of Quarterly Results [Abstract]  
Summary Of Quarterly Financial Data

Fiscal Year Ended August 29, 2020

Fiscal Year Ended August 31, 2019

First Quarter (1)

Second Quarter (1)

Third Quarter (1)

Fourth Quarter (1)

First Quarter

Second Quarter

Third Quarter

Fourth Quarter (2)

  

(Unaudited)

Consolidated Income Statement Data:

  

  

  

  

  

  

  

  

Net sales

$

823,601

$

786,094

$

834,972

$

747,732

$

831,597

$

823,004

$

866,546

$

842,670

Gross profit

347,196

331,052

353,962

311,112

357,985

351,814

368,655

353,589

Income from operations

90,298

77,670

109,852

72,920

103,000

95,981

110,501

90,514

Net income

65,452

55,556

78,114

52,636

74,232

68,430

79,514

66,621

Net income attributable to MSC Industrial

65,418

55,500

77,703

52,496

74,232

68,424

79,601

66,608

Net income per share attributable to MSC Industrial:

Basic

1.18 

1.00 

1.40 

0.94 

1.34 

1.24 

1.44 

1.21 

Diluted

1.18 

1.00 

1.40 

0.94 

1.33 

1.24 

1.44 

1.20 

(1)In fiscal year 2020, the Company recorded $6,583 of consulting-related costs and $10,446 of severance and separation benefits charges and other related costs. Refer to Note 13 for more information. The net income per share impact from these charges were $0.23 in fiscal year 2020. Consulting-related costs, and severance and separation benefits charges and other related costs by fiscal quarter in fiscal year 2020 were as follows: $2,571 ($0.03 Net income per share impact) in fiscal Q1; $1,941 ($0.03 Net income per share impact) in fiscal Q2; $1,359 ($0.02 Net income per share impact) in fiscal Q3; and $11,158 ($0.15 Net income per share impact) in fiscal Q4.

(2)In the fourth quarter of fiscal year 2019, the Company recorded $6,725 of severance and separation benefits charges and other related costs associated with workforce reduction and increased performance management. The net income per share impact from these charges was $0.09 in the fourth quarter of fiscal year 2019.