Earnings Per Share

12 Months Ended

Aug. 26, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table reflects the calculation of basic and diluted income per share for the past three fiscal years:

	Year Ended
(In thousands, except per share data)	August 26, 2017		August 27, 2016		August 29, 2015
Income per share - basic
Net income	$	71,330	$	45,496	$	41,210
Weighted average shares outstanding	30,648		26,925		26,941
Net income per share - basic	$	2.33	$	1.69	$	1.53
Income per share - assuming dilution
Net income	$	71,330	$	45,496	$	41,210
Weighted average shares outstanding	30,648		26,925		26,941
Dilutive impact of awards and options outstanding	118		108		110
Weighted average shares and potential dilutive shares outstanding	30,766		27,033		27,051
Net income per share - assuming dilution	$	2.32	$	1.68	$	1.52

The computation of weighted average shares and potential dilutive shares outstanding excludes the effect of options to purchase 55,800, 10,000 and 167,394 shares of common stock for the fiscal years ended August 26, 2017, August 27, 2016 and August 29, 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.