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Share-Based Payments (Tables)
12 Months Ended
Aug. 26, 2017
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 26,
2017
     August 27,
2016
     August 29,
2015
 

Expected price volatility

     18%        18%        20%  

Risk-free interest rates

     1.2%        1.5%        1.4%  

Weighted average expected lives (in years)

     5.1        5.1        5.1  

Forfeiture rate

     10%        10%        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 26, 2017:

 

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

(in years)
     Aggregate
Intrinsic
Value

(in thousands)
 

Outstanding – August 27, 2016

     1,759,408      $   428.72        

Granted

     290,805        744.80        

Exercised

     (207,069      263.02        

Cancelled

     (45,089      657.78        
  

 

 

          

Outstanding – August 26, 2017

     1,798,055        493.18        6.17      $   199,752  
  

 

 

          

Exercisable

     1,041,933        362.38        4.76        189,790  
  

 

 

          

Expected to vest

     680,510        673.42        8.10        8,966  
  

 

 

          

Available for future grants

     898,992