Shareholders' Equity	9 Months Ended
May 29, 2021
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 8. Shareholders’ Equity Common Stock Repurchases and Treasury Stock During fiscal year 1999, the Company’s Board of Directors established the MSC Stock Repurchase Plan, which the Company refers to as the “Repurchase Plan.” On January 8, 2008 and on October 21, 2011, the Company’s Board of Directors reaffirmed and replenished the Repurchase Plan. On January 9, 2018, the Company’s Board of Directors authorized the repurchase of an additional 2,000 shares of Class A Common Stock under the Repurchase Plan. As of May 29, 2021, the maximum number of shares authorized to be repurchased under the Repurchase Plan was 650 shares. During the thirteen- and thirty-nine-week periods ended May 29, 2021, the Company repurchased 508 and 558 shares of its Class A Common Stock for $47,181 and $50,700, respectively. From these totals, 507 shares were immediately retired during the thirteen- and thirty-nine-week periods ended May 29, 2021 and one and 51 shares were repurchased by the Company to satisfy the Company’s associates’ tax withholdings liability associated with its share-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen- and thirty-nine-week periods ended May 29, 2021. During the thirteen- and thirty-nine-week periods ended May 30, 2020, the Company repurchased 0.5 and 44 shares of its Class A Common Stock for $28 and $3,236, respectively. All of these shares were repurchased by the Company to satisfy the Company’s associates’ tax withholdings liability associated with its share-based compensation program and are reflected at cost as treasury stock in the Company’s unaudited Condensed Consolidated Financial Statements for the thirteen- and thirty-nine-week periods ended May 30, 2020. On June 29, 2021, the Company’s Board of Directors approved a new share repurchase program (the “Share Repurchase Program”) to purchase up to 5,000 shares, which replaced the Repurchase Plan authorized during fiscal year 1999. There is no expiration date governing the period over which the Company can repurchase shares under this authorization. The Company reissued 13 and 44 shares of treasury stock during the thirteen- and thirty-nine-week periods ended May 29, 2021, respectively, and reissued 20 and 55 shares of treasury stock during the thirteen- and thirty-nine-week periods ended May 30, 2020, respectively, to fund the MSC Industrial Direct Co., Inc. Amended and Restated Associate Stock Purchase Plan. Dividends on Common Stock The Company paid aggregate cash dividends of $5.75 per common share totaling approximately $321,058 for the thirty-nine weeks ended May 29, 2021, which consisted of a special cash dividend of approximately $195,351 at $3.50 per share and regular cash dividends of approximately $125,707 at $2.25 per share. For the thirty-nine weeks ended May 30, 2020, the Company paid a special cash dividend of approximately $277,634 at $5.00 per share and regular cash dividends of approximately $124,851 at $2.25 per share. On June 29, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.75 per share payable on July 27, 2021 to shareholders of record at the close of business on July 13, 2021. The dividend will result in a payout of approximately $41,735, based on the number of shares outstanding at June 15, 2021.

Shareholders' Equity

9 Months Ended

May 29, 2021

Note 8. Shareholders’ Equity

Common Stock Repurchases and Treasury Stock

During fiscal year 1999, the Company’s Board of Directors established the MSC Stock Repurchase Plan, which the Company refers to as the “Repurchase Plan.” On January 8, 2008 and on October 21, 2011, the Company’s Board of Directors reaffirmed and replenished the Repurchase Plan. On January 9, 2018, the Company’s Board of Directors authorized the repurchase of an additional 2,000 shares of Class A Common Stock under the Repurchase Plan. As of May 29, 2021, the maximum number of shares authorized to be repurchased under the Repurchase Plan was 650 shares.

During the thirteen- and thirty-nine-week periods ended May 29, 2021, the Company repurchased 508 and 558 shares of its Class A Common Stock for $47,181 and $50,700, respectively. From these totals, 507 shares were immediately retired during the thirteen- and thirty-nine-week periods ended May 29, 2021 and one and 51 shares were repurchased by the Company to satisfy the Company’s associates’ tax withholdings liability associated with its share-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen- and thirty-nine-week periods ended May 29, 2021.

During the thirteen- and thirty-nine-week periods ended May 30, 2020, the Company repurchased 0.5 and 44 shares of its Class A Common Stock for $28 and $3,236, respectively. All of these shares were repurchased by the Company to satisfy the Company’s associates’ tax withholdings liability associated with its share-based compensation program and are reflected at cost as treasury stock in the Company’s unaudited Condensed Consolidated Financial Statements for the thirteen- and thirty-nine-week periods ended May 30, 2020.

On June 29, 2021, the Company’s Board of Directors approved a new share repurchase program (the “Share Repurchase Program”) to purchase up to 5,000 shares, which replaced the Repurchase Plan authorized during fiscal year 1999. There is no expiration date governing the period over which the Company can repurchase shares under this authorization.

The Company reissued 13 and 44 shares of treasury stock during the thirteen- and thirty-nine-week periods ended May 29, 2021, respectively, and reissued 20 and 55 shares of treasury stock during the thirteen- and thirty-nine-week periods ended May 30, 2020, respectively, to fund the MSC Industrial Direct Co., Inc. Amended and Restated Associate Stock Purchase Plan.

Dividends on Common Stock

The Company paid aggregate cash dividends of $5.75 per common share totaling approximately $321,058 for the thirty-nine weeks ended May 29, 2021, which consisted of a special cash dividend of approximately $195,351 at $3.50 per share and regular cash dividends of approximately $125,707 at $2.25 per share. For the thirty-nine weeks ended May 30, 2020, the Company paid a special cash dividend of approximately $277,634 at $5.00 per share and regular cash dividends of approximately $124,851 at $2.25 per share.

On June 29, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $0.75 per share payable on July 27, 2021 to shareholders of record at the close of business on July 13, 2021. The dividend will result in a payout of approximately $41,735, based on the number of shares outstanding at June 15, 2021.