Net Income Per Share

12 Months Ended

Aug. 31, 2013

Net Income Per Share [Abstract]

Net Income Per Share

4. NET INCOME PER SHARE

In June 2008, the FASB issued amendments to ASC Topic 260, "Earnings Per Share" ("ASC 260"), which the Company adopted at the beginning of its 2010 fiscal year. The Company's non-vested restricted stock awards contain non-forfeitable rights to dividends and meet the criteria of a participating security as defined by ASC 260. Under the two-class method, net income per share is computed by dividing net income allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, net income is allocated to both common shares and participating securities based on their respective weighted average shares outstanding for the period. Prior period net income per share data presented has been adjusted retrospectively.

The following table sets forth the computation of basic and diluted net income per common share under the two-class method for the fiscal years ended August 31, 2013, September 1, 2012 and August 27, 2011, respectively:

	For the Fiscal Years Ended
	August 31, 2013 (52 weeks)			September 1, 2012 (53 weeks)			August 27, 2011 (52 weeks)
Net income as reported	$	237,995		$	259,031		$	218,786
Less: Distributed net income available to participating securities		(492	)		(351	)		(932	)
Less: Undistributed net income available to participating securities		(1,289	)		(1,758	)		(948	)
Numerator for basic net income per share:
Undistributed and distributed net income available to common shareholders	$	236,214		$	256,922		$	216,906
Add: Undistributed net income allocated to participating securities		1,289			1,758			948
Less: Undistributed net income reallocated to participating securities		(1,283	)		(1,748	)		(942	)
Numerator for diluted net income per share:
Undistributed and distributed net income available to common shareholders	$	236,220		$	256,932		$	216,912
Denominator:
Weighted average shares outstanding for basic net income per share		62,695			62,434			62,902
Effect of dilutive securities		316			369			422
Weighted average shares outstanding for diluted net income per share		63,011			62,803			63,324
Net income per share Two-Class Method:
Basic	$	3.77		$	4.12		$	3.45
Diluted	$	3.75		$	4.09		$	3.43

Shares subject to antidilutive stock options (5 shares at August 27, 2011) were not included in the computation of diluted earnings per share.