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Share-Based Payments (Tables)
12 Months Ended
Aug. 27, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense

The following table presents the weighted average for key assumptions used in determining the fair value of options granted and the related share-based compensation expense:

 

     Year Ended  
     August 27,
2016
    August 29,
2015
    August 30,
2014
 

Expected price volatility

     18     20     23

Risk-free interest rates

     1.5     1.4     1.0

Weighted average expected lives (in years)

     5.7        5.1        5.2   

Forfeiture rate

     10     9     9

Dividend yield

     0     0     0
Stock Option Activity

The Company generally issues new shares when options are exercised. The following table summarizes information about stock option activity for the year ended August 27, 2016:

 

     Number
of Shares
     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term

(in years)
     Aggregate
Intrinsic
Value

(in thousands)
 

Outstanding – August 29, 2015

     1,769,429       $ 327.90         

Granted

     378,415         745.81         

Exercised

     (334,799      239.94         

Cancelled

     (53,637      518.17         
  

 

 

          

Outstanding – August 27, 2016

     1,759,408         428.72         6.39       $ 572,011   
  

 

 

          

Exercisable

     957,159         293.50         4.87         440,261   
  

 

 

          

Expected to vest

     722,024         590.04         8.20         117,997   
  

 

 

          

Available for future grants

     1,149,507