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Earnings Per Share
12 Months Ended
Aug. 29, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share

Basic earnings per share is based on the weighted average number of common shares issued and outstanding. In periods in which the Company has net income, diluted earnings per share is based on the weighted average number of common shares issued and outstanding and the effect of all dilutive common stock equivalents outstanding during each period. In periods in which the Company has a net loss, diluted earnings per share is based on the weighted average number of common shares issued and outstanding as the effect of including common stock equivalents outstanding would be anti-dilutive.

The following table reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share:
 
 
52-Weeks Ended
 
53-Weeks Ended
 
52-Weeks Ended
(In thousands, except share and per share data)
 
August 29, 2020
 
August 31, 2019
 
August 25, 2018
Basic earnings per share computation:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income available to common stock stockholders
 
$
34,700

 
$
47,536

 
$
70,455

Denominator:
 
 
 
 
 
 
Weighted average common shares - basic
 
93,968,953

 
80,734,091

 
70,582,149

Basic earnings per share from net income
 
$
0.37

 
$
0.59

 
$
1.00

Diluted earnings per share computation:
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
Net income available to common stock stockholders
 
$
34,700

 
$
47,536

 
$
70,455

Denominator:
 
 
 
 
 
 
Weighted average common shares outstanding - basic
 
93,968,953

 
80,734,091

 
70,582,149

Public and private warrants
 
3,327,656

 
3,615,198

 
3,006,073

Employee stock options
 
1,001,542

 
801,700


43,779

Non-vested shares
 
45,571

 
92,920

 
49,354

Weighted average common shares - diluted
 
98,343,722

 
85,243,909

 
73,681,355

Diluted earnings per share from net income
 
$
0.35

 
$
0.56

 
$
0.96



Earnings per share calculations for the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018 excluded 0.6 million, 0.2 million and 0.2 million shares of stock options, respectively, that would have been anti-dilutive. An immaterial number of non-vested shares were excluded from earnings per share calculations for the fifty-two week period ended August 29, 2020, fifty-three week period ended August 31, 2019, and fifty-two week period ended August 25, 2018 .