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Share-Based Payments (Tables)
12 Months Ended
Aug. 28, 2021
Share-Based Payments  
Schedule of Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted and Related Share-Based Compensation Expense

Year Ended

 

    

August 28,

August 29,

August 31,

 

    

2021

2020

2019

Expected price volatility

 

28

%

22

%

21

%

Risk-free interest rate

 

0.4

%

1.4

%

3.0

%

Weighted average expected lives (in years)

 

5.6

5.5

5.6

Forfeiture rate

 

10

%

10

%

10

%

Dividend yield

 

0

%

0

%

0

%

Schedule of 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 28, 2021:

    

    

    

Weighted

    

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number

Average

Term

Value

of Shares

Exercise Price

(in years)

(in thousands)

Outstanding – August 29, 2020

 

1,384,986

$

677.15

 

  

 

  

Granted

 

202,820

 

1,152.54

 

  

 

  

Exercised

 

(349,592)

 

541.80

 

  

 

  

Cancelled

 

(30,160)

 

906.26

 

  

 

  

Outstanding – August 28, 2021

 

1,208,054

 

790.41

 

5.95

$

915,807

Exercisable

 

766,453

 

669.30

 

4.68

 

673,858

Expected to vest

 

397,441

 

1,000.60

 

8.16

 

217,754

Available for future grants

 

1,188,220

Schedule of Nonvested Restricted Stock Units Activity

Transactions related to restricted stock units for the fiscal year ended August 28, 2021 are as follows:

Weighted-

    

Number

    

Average Grant

of Shares

Date Fair Value

Nonvested at August 29, 2020

 

14,160

$

910.63

Granted

 

8,064

1,149.77

Vested

 

(5,805)

 

977.48

Canceled or forfeited

 

(668)

 

976.36

Nonvested at August 28, 2021

 

15,751

$

1,005.41