Earnings Per Share

9 Months Ended

May 28, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table reflects the calculation of basic and diluted net income per share:

	Three Months Ended				Nine Months Ended
(In thousands, except per share data)	May 28, 2016		May 30, 2015		May 28, 2016		May 30, 2015
Income per share - basic
Net income	$	14,438	$	11,502	$	32,350	$	29,493
Weighted average shares outstanding	26,892		26,932		26,935		26,942
Net income per share - basic	$	0.54	$	0.43	$	1.20	$	1.09
Income per share - assuming dilution
Net income	$	14,438	$	11,502	$	32,350	$	29,493
Weighted average shares outstanding	26,892		26,932		26,935		26,942
Dilutive impact of awards and options outstanding	112		98		94		100
Weighted average shares and potential dilutive shares outstanding	27,004		27,030		27,029		27,042
Net income per share - assuming dilution	$	0.53	$	0.43	$	1.20	$	1.09

The computation of weighted average shares and potential dilutive shares outstanding excludes options to purchase 10,000 and 175,434 shares of common stock for the third quarter of Fiscal 2016 and Fiscal 2015, respectively, and options to purchase 40,616 and 232,902 shares of common stock for the nine months of Fiscal 2016 and Fiscal 2015, respectively. These amounts 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.