Income Per Share

6 Months Ended

Feb. 27, 2021

Earnings Per Share [Abstract]

Income Per Share

Income Per Share

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

	Three Months Ended				Six Months Ended
(in thousands, except per share data)	February 27, 2021		February 29, 2020		February 27, 2021		February 29, 2020
Numerator
Net income	$	69,068	$	17,268	$	126,491	$	31,336
Denominator
Weighted average common shares outstanding	33,533		33,614		33,571		32,840
Dilutive impact of stock compensation awards	270		304		250		303
Dilutive impact of convertible notes	107		—		—		—
Weighted average common shares outstanding, assuming dilution	33,910		33,918		33,821		33,143
Anti-dilutive securities excluded from Weighted average common shares outstanding, assuming dilution	—		45		53		94
Basic income per common share	$	2.06	$	0.51	$	3.77	$	0.95
Diluted income per common share	$	2.04	$	0.51	$	3.74	$	0.95

Anti-dilutive securities were not included in the computation of diluted income per common share because they are considered anti-dilutive under the treasury stock method.