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Stock-Based Compensation Plans
 3 Months Ended
Nov. 23, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Plans
Note 6—Stock-Based Compensation
The Sixth Restated 2002 Stock Incentive Plan (Sixth Plan) authorized the issuance of 16,000,000 shares (9,143,000 RSUs) of common stock for future grants. The Company issues new shares of common stock upon exercise of stock options and upon vesting of RSUs. Shares for vested RSUs are generally delivered to participants annually, net of shares equal to the minimum statutory withholding taxes.
Summary of Restricted Stock Unit Activity
At November 23, 2014, 3,992,000 shares were available to be granted as RSUs and the following awards were outstanding:
•
8,507,000 time-based RSUs that vest upon continued employment over specified periods of time;
•
255,000 performance-based RSUs granted to certain executive officers of the Company for which the performance targets have been met. Further restrictions lapse upon achievement of continued employment over specified periods of time; and
•
269,000 performance-based RSUs to be granted to executive officers of the Company upon achievement of performance targets for fiscal 2015, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are not included in the table below.
The following table summarizes RSU transactions during the first quarter of 2015:
 
Number of
Units
(in 000’s)
 
Weighted-Average
Grant Date Fair
Value
Outstanding at August 31, 2014
9,117

 
$
86.92

Granted
3,748

 
125.15

Vested and delivered
(4,066
)
 
87.25

Forfeited
(37
)
 
109.13

Outstanding at November 23, 2014
8,762

 
$
103.04


The remaining unrecognized compensation cost related to non-vested RSUs at November 23, 2014 was $865, and the weighted-average period of time over which this cost will be recognized is 1.9 years.
Summary of Stock-Based Compensation
The following table summarizes stock-based compensation expense and the related tax benefits under the Company’s plans:
 
12 Weeks Ended
 
November 23,
2014
 
November 24,
2013
Stock-based compensation expense before income taxes
$
150

 
$
112

Less recognized income tax benefit
(51
)
 
(38
)
Stock-based compensation expense, net of income taxes
$
99

 
$
74