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Share-Based Payments (Tables)
8 Months Ended
May 07, 2022
Share-Based Payments  
Schedule of 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 7, 2022 and May 8, 2021, using the Black-Scholes-Merton multiple-option pricing valuation model, was $463.09 and $299.99 per share, respectively, using the following weighted average key assumptions:

Thirty-Six Weeks Ended

    

May 7,

    

May 8,

    

    

2022

2021

Expected price volatility

 

28

%  

28

%

Risk-free interest rate

 

1.1

%  

0.4

%

Weighted average expected lives (in years)

 

5.6

 

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 7, 2022 were as follows:

Weighted-

    

Number

    

Average Grant

of Shares

Date Fair Value

Nonvested at August 28, 2021

 

15,751

$

1,005.41

Granted

 

5,551

1,740.19

Vested

 

(6,572)

 

1,159.53

Canceled or forfeited

 

(1,698)

 

1,145.06

Nonvested at May 7, 2022

 

13,032

$

1,222.55