Net Income per Common and Common Equivalent Share

6 Months Ended

Feb. 18, 2024

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				24 Weeks Ended
	February 18, 2024		February 12, 2023		February 18, 2024		February 12, 2023
Net income	$	1,743	$	1,466	$	3,332	$	2,830
Weighted average basic shares	443,892		443,877		443,859		443,857
RSUs	862		598		720		646
Weighted average diluted shares	444,754		444,475		444,579		444,503
Anti-dilutive RSUs	—		6		—		—

Anti-dilutive shares are excluded from the calculation of diluted shares and earnings per diluted share because their impact would increase earnings per diluted shares.

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.