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Share-Based Payments (Tables)
12 Months Ended
Aug. 26, 2023
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 26,

August 27,

August 28,

 

    

2023

2022

2021

Expected price volatility

 

29

%

28

%

28

%

Risk-free interest rate

 

3.8

%

1.1

%

0.4

%

Weighted average expected lives (in years)

 

5.5

5.6

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 26, 2023:

    

    

    

Weighted

    

Average

Remaining

Aggregate

Weighted

Contractual

Intrinsic

Number

Average

Term

Value

of Shares

Exercise Price

(in years)

(in thousands)

Outstanding – August 27, 2022

 

1,139,100

$

941.28

 

Granted

 

161,510

2,218.35

 

  

 

  

Exercised

 

(242,920)

708.46

 

  

 

  

Forfeited/Cancelled

 

(30,102)

1,504.17

 

  

 

  

Outstanding – August 26, 2023

 

1,027,588

 

1,180.39

 

5.97

$

1,308,493

Exercisable

 

651,032

862.98

4.71

1,035,417

Expected to vest

 

359,109

1,719.64

8.13

263,838

Available for future grants

 

862,178

Schedule of Nonvested Restricted Stock Units Activity

Transactions related to restricted stock units for the fiscal year ended August 26, 2023 are as follows:

Weighted-

    

Number

    

Average Grant

of Shares

Date Fair Value

Nonvested at August 27, 2022

 

12,731

$

1,223.61

Granted

 

3,584

2,267.41

Vested

 

(6,643)

1,276.36

Forfeited

 

(1,539)

1,581.25

Nonvested at August 26, 2023

 

8,133

$

1,572.87