Shareholders' Equity

9 Months Ended

May 26, 2012

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 6. Shareholders' Equity

The Company paid cash dividends of $47,341 for the thirty-nine weeks ended May 26, 2012. For the thirty-nine weeks ended May 28, 2011, the Company paid cash dividends of $105,186, which consisted of a special cash dividend of $1.00 per share, in addition to its regularly quarterly cash dividends. On June 21, 2012, the Board of Directors declared a dividend of $0.25 per share payable on July 24, 2012 to shareholders of record at the close of business on July 10, 2012. The dividend will result in a payout of approximately $15,684, based on the number of shares outstanding at June 22, 2012.

The Board of Directors established the MSC stock repurchase plan (the "Plan") which allows the Company to repurchase shares at any time and in any increments it deems appropriate in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. During the thirty-nine week period ending May 26, 2012, the Company repurchased 670 shares of its Class A common stock for $47,986, which is reflected at cost as treasury stock in the accompanying condensed consolidated financial statements. As of May 26, 2012, the maximum number of shares that may yet be repurchased under the Plan was 4,384 shares.