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Share-Based Payments (Tables)
12 Months Ended
Aug. 27, 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

Year Ended

 

    

August 27,

August 28,

August 29,

 

    

2022

2021

2020

Expected price volatility

 

28

%

28

%

22

%

Risk-free interest rate

 

1.1

%

0.4

%

1.4

%

Weighted average expected lives (in years)

 

5.6

5.6

5.5

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 27, 2022:

    

    

    

Weighted

    

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number

Average

Term

Value

of Shares

Exercise Price

(in years)

(in thousands)

Outstanding – August 28, 2021

 

1,208,054

$

790.41

 

Granted

 

164,532

1,652.86

 

  

 

  

Exercised

 

(203,310)

582.42

 

  

 

  

Forfeited/Cancelled

 

(30,176)

1,198.93

 

  

 

  

Outstanding – August 27, 2022

 

1,139,100

 

941.28

 

5.88

$

1,391,686

Exercisable

 

739,757

746.60

4.64

1,047,804

Expected to vest

 

380,857

1,296.02

8.15

330,203

Available for future grants

 

1,023,688

Schedule of Nonvested Restricted Stock Units Activity

Transactions related to restricted stock units for the fiscal year ended August 27, 2022 are 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

Forfeited

 

(1,999)

1,149.97

Nonvested at August 27, 2022

 

12,731

$

1,223.61