Net Income per Common and Common Equivalent Share

3 Months Ended

Nov. 26, 2023

Earnings Per Share [Abstract]

Net Income Per Common and Common Equivalent Share

Note 7—Net Income per Common and Common Equivalent Share

The following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s):

	12 Weeks Ended
	November 26, 2023		November 20, 2022
Net income	$	1,589	$	1,364
Weighted average basic shares	443,827		443,837
RSUs	576		694
Weighted average diluted shares	444,403		444,531

Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated based on the dilutive effect of RSUs using the treasury stock method.