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Earnings Per Share
9 Months Ended
May. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table reflects the calculation of basic and diluted income per share:
 
 
Three Months Ended
 
Nine Months Ended
(In thousands, except per share data)
 
May 30,
2015
 
May 31,
2014
 
May 30,
2015
 
May 31,
2014
Income per share - basic
 
 
 
 
 
 
 
 
Net income
 
$
11,502

 
$
11,385

 
$
29,493

 
$
32,124

Weighted average shares outstanding
 
26,932

 
27,209

 
26,942

 
27,552

Net income per share - basic
 
$
0.43

 
$
0.42

 
$
1.09

 
$
1.17

 
 
 
 
 
 
 
 
 
Income per share - assuming dilution
 
 
 
 
 
 
 
 
Net income
 
$
11,502

 
$
11,385

 
$
29,493

 
$
32,124

Weighted average shares outstanding
 
26,932

 
27,209

 
26,942

 
27,552

Dilutive impact of awards and options outstanding
 
98

 
110

 
100

 
114

Weighted average shares and potential dilutive shares outstanding
 
27,030

 
27,319

 
27,042

 
27,666

Net income per share - assuming dilution
 
$
0.43

 
$
0.42

 
$
1.09

 
$
1.16



At the end of the third quarter of Fiscal 2015 and Fiscal 2014, there were options outstanding to purchase 170,061 shares and 457,421 shares, respectively, of common stock at an average price of $28.27 and $30.38, respectively, which were not included in the computation of diluted income per share because they are considered anti-dilutive under the treasury stock method per ASC 260, Earnings Per Share.