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Share-Based Payments (Tables)
8 Months Ended
May 09, 2020
Share-Based Payments [Abstract]  
Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense

The weighted average fair value of the stock option awards granted during the thirty-six week periods ended May 9, 2020 and May 4, 2019, using the Black-Scholes-Merton multiple-option pricing valuation model, was $252.39 and $208.37 per share, respectively, using the following weighted average key assumptions:

Thirty-Six Weeks Ended

May 9,

May 4,

2020

2019

Expected price volatility

 

22

%  

21

%

Risk-free interest rate

 

1.4

%  

3.0

%

Weighted average expected lives (in years)

 

5.5

 

5.6

 

Forfeiture rate

 

10

%  

10

%

Dividend yield

 

0

%  

0

%

Schedule of Nonvested Restricted Stock Units Activity

Transactions related to restricted stock units for the thirty-six weeks ended May 9, 2020 were as follows:

Weighted-

    

Number

    

Average Grant

of Shares

Date Fair Value

Nonvested at August 31, 2019

 

10,049

 

$

773.61

Granted

 

8,735

1,086.61

Vested

 

(4,183)

 

945.58

Canceled or forfeited

 

(313)

 

938.64

Nonvested at May 9, 2020

 

14,288

$

911.01