MSC Industrial Direct (MSM) 10-Q 6 Apr 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 04, 2017	Mar. 23, 2017
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 4, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	MSC INDUSTRIAL DIRECT CO INC
Entity Central Index Key	1,003,078
Current Fiscal Year End Date	--09-02
Entity Filer Category	Large Accelerated Filer
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		45,087,464
Class B Common Stock [Member]
Entity Common Stock, Shares Outstanding		11,850,636

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 04, 2017	Sep. 03, 2016
Current Assets:
Cash and cash equivalents	$ 35,602	$ 52,890
Accounts receivable, net of allowance for doubtful accounts of $12,684 and $12,353, respectively	429,862	392,463
Inventories	464,592	444,221
Prepaid expenses and other current assets	45,771	45,290
Deferred income taxes		46,627
Total current assets	975,827	981,491
Property, plant and equipment, net	318,981	320,544
Goodwill	623,296	624,081
Identifiable intangibles, net	101,103	105,307
Other assets	32,310	33,528
Total assets	2,051,517	2,064,951
Current Liabilities:
Revolving credit note	184,000	217,000
Current maturities of long-term debt	94,072	50,050
Accounts payable	124,304	110,601
Accrued liabilities	95,586	100,951
Total current liabilities	497,962	478,602
Long-term debt, net of current maturities	271,060	339,772
Deferred income taxes and tax uncertainties	101,574	148,201
Total liabilities	870,596	966,575
Commitments and Contingencies
Shareholders' Equity:
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital	614,253	584,017
Retained earnings	1,096,710	1,040,148
Accumulated other comprehensive loss	(21,346)	(19,098)
Class A treasury stock, at cost, 8,358,937 and 8,344,514 shares, respectively	(508,761)	(506,756)
Total shareholders' equity	1,180,921	1,098,376
Total liabilities and shareholders' equity	2,051,517	2,064,951
Class A Common Stock [Member]
Shareholders' Equity:
Common stock	53	53
Class B Common Stock [Member]
Shareholders' Equity:
Common stock	$ 12	$ 12

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Mar. 04, 2017	Sep. 03, 2016
Accounts receivable, allowance for doubtful accounts	$ 12,684	$ 12,353
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A treasury stock, at cost, shares	8,358,937	8,344,514
Class A Common Stock [Member]
Common stock, votes per share	1
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	53,445,476	52,992,682
Class B Common Stock [Member]
Common stock, votes per share	10
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	11,850,636	11,933,233
Common stock, shares outstanding	11,850,636	11,933,233

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
Condensed Consolidated Statements Of Income [Abstract]
Net sales	$ 703,780	$ 684,117	$ 1,390,051	$ 1,390,936
Cost of goods sold	389,218	375,326	766,754	763,173
Gross profit	314,562	308,791	623,297	627,763
Operating expenses	227,917	228,249	446,052	456,833
Income from operations	86,645	80,542	177,245	170,930
Other (expense) income:
Interest expense	(2,950)	(1,295)	(5,884)	(2,851)
Interest income	164	164	327	327
Other (expense) income, net	(54)	739	(338)	802
Total other expense	(2,840)	(392)	(5,895)	(1,722)
Income before provision for income taxes	83,805	80,150	171,350	169,208
Provision for income taxes	30,246	30,625	63,503	64,654
Net income	$ 53,559	$ 49,525	$ 107,847	$ 104,554
Net income per common share:
Basic	$ 0.94	$ 0.81	$ 1.90	$ 1.70
Diluted	$ 0.93	$ 0.80	$ 1.89	$ 1.70
Weighted average shares used in computing net income per common share:
Basic	56,620	61,187	56,500	61,242
Diluted	57,213	61,313	56,910	61,361
Cash dividends declared per common share	$ 0.45	$ 0.43	$ 0.90	$ 0.86

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
Consolidated Statements Of Comprehensive Income [Abstract]
Net income, as reported	$ 53,559	$ 49,525	$ 107,847	$ 104,554
Foreign currency translation adjustments	(701)	(2,279)	(2,248)	(3,394)
Comprehensive income	$ 52,858	$ 47,246	$ 105,599	$ 101,160

Condensed Consolidated Stateme6

Condensed Consolidated Statement Of Shareholders' Equity - 6 months ended Mar. 04, 2017 - USD ($) shares in Thousands, $ in Thousands	Restricted Stock Units [Member]Class A Common Stock [Member]	Restricted Stock Units [Member]Additional Paid-In Capital [Member]	Restricted Stock Units [Member]	Class A Common Stock [Member]Common Stock [Member]	Class A Common Stock [Member]Retained Earnings [Member]	Class A Common Stock [Member]	Class B Common Stock [Member]Common Stock [Member]	Class B Common Stock [Member]Retained Earnings [Member]	Class B Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Class A Treasury Stock [Member]	Total
Balance, Value at Sep. 03, 2016				$ 53			$ 12			$ 584,017	$ 1,040,148	$ (19,098)	$ (506,756)	$ 1,098,376
Balance, Shares at Sep. 03, 2016						52,993			11,933				8,345
Exchange of Class B common stock for Class A common stock, Shares						82			(82)
Exercise of common stock options, Shares						329								329
Exercise of common stock options, Value										22,097				$ 22,097
Common stock issued under associate stock purchase plan, Shares													(28)
Common stock issued under associate stock purchase plan, Value										1,137			$ 1,059	2,196
Issuance of restricted common stock, net of cancellations, Shares						(4)
Shares issued from restricted stock units, including dividend equivalent units, Value		$ 77	$ 77
Shares issued from restricted stock units, including dividend equivalent units, Shares	45
Stock-based compensation										6,925				6,925
Repurchases of common stock, Shares													42
Repurchases of common stock, Value													$ (3,064)	(3,064)
Cash dividends on common stock					$ (40,307)	$ (40,307)		$ (10,703)	$ (10,703)
Dividend equivalent units declared, net of cancellations											(275)			(275)
Foreign currency translation adjustment												(2,248)		(2,248)
Net income											107,847			107,847
Balance, Value at Mar. 04, 2017				$ 53			$ 12			$ 614,253	$ 1,096,710	$ (21,346)	$ (508,761)	$ 1,180,921
Balance, Shares at Mar. 04, 2017						53,445			11,851				8,359

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016
Cash Flows from Operating Activities:
Net income	$ 107,847	$ 104,554
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,815	35,381
Stock-based compensation	6,925	6,999
Loss on disposal of property, plant, and equipment	333	390
Provision for doubtful accounts	3,415	5,241
Deferred income taxes and tax uncertainties		(78)
Excess tax benefits from stock-based compensation		(267)
Changes in operating assets and liabilities:
Accounts receivable	(41,680)	7,581
Inventories	(21,289)	41,153
Prepaid expenses and other current assets	(343)	(10,362)
Other assets	1,056	653
Accounts payable and accrued liabilities	9,577	(8,265)
Total adjustments	(11,191)	78,426
Net cash provided by operating activities	96,656	182,980
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment	(25,508)	(26,781)
Net cash used in investing activities	(25,508)	(26,781)
Cash Flows from Financing Activities:
Repurchases of common stock	(3,377)	(19,212)
Payments of cash dividends	(51,010)	(52,948)
Payments on capital lease and financing obligations	(633)	(367)
Excess tax benefits from stock-based compensation		267
Proceeds from sale of Class A common stock in connection with associate stock purchase plan	2,196	1,982
Proceeds from exercise of Class A common stock options	21,933	890
Borrowings under financing obligations	739	453
Borrowings under Credit Facility	78,000	66,000
Credit Facility financing costs	(142)
Payment of notes payable and revolving credit note under the Credit Facility	(136,000)	(167,500)
Net cash used in financing activities	(88,294)	(170,435)
Effect of foreign exchange rate changes on cash and cash equivalents	(142)	(71)
Net decrease in cash and cash equivalents	(17,288)	(14,307)
Cash and cash equivalents—beginning of period	52,890	38,267
Cash and cash equivalents—end of period	35,602	23,960
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	58,737	70,511
Cash paid for interest	$ 5,524	$ 2,747

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Mar. 04, 2017
Basis Of Presentation [Abstract]
Basis Of Presentation	Note 1. Basis of Presentation  The accompanying condensed consolidated financial statements include MSC Industrial Direct Co., Inc. (“MSC”) and all of its subsidiaries (hereinafter referred to collectively as the “Company”). All intercompany balances and transactions have been eliminated in consolidation.  The unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation (consisting of normal recurring adjustments) have been included. Operating results for the thirteen and twenty-six- week period s ended March 4, 2017 are not necessarily indicative of the results that may be expected for the fiscal year ending September 2, 2017 . For further information, refer to the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 3, 2016 .   The Company’s fiscal year ends on the Saturday closest to August 31 of each year. Unless the context requires otherwise, references to years contained herein pertain to the Company’s fiscal year. The Company’s 2017 fiscal year will be a 52 -week accounting period that will end on September 2, 2017 and its 2016 fiscal year was a 53 -week accounting period that ended on September 3, 2016 .  There have been no changes to significant accounting policies since September 3, 2016, except for the adoption of Accounting Standards Update (“ASU”) No. 2016-09, Improvements to Employee Share-Based Payment Accounting, and ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes, which resulted in changes to the condensed consolidated financial statements, including adjustments recorded as of the beginning of fiscal 2017, as described in Note 10 “Recently Issued Accounting Standards” . 

Net Income Per Share

Net Income Per Share	6 Months Ended
	Mar. 04, 2017
Net Income Per Share [Abstract]
Net Income Per Share	Note 2. Net Income per Share  The Company’s non-vested restricted stock awards contain non-forfeitable rights to dividends and meet the criteria of a participating security as defined by Ac counting Standards Codification (“ASC” ) Topic 260, “ Earnings Per Share” . Under the two-class method, net income per share is computed by dividing net income allocated to common shareholders by the weighted average number of common shar es outstanding for the period. In applying the two-class method, net income is allocated to both common shares and participating securities based on their respective weighted average shares outstanding for the period.  The following table sets forth the computation of basic and diluted net income per common share under the two-class method for the thirteen and twenty-six weeks ended March 4, 2017 and February 27, 2016 , respectively:     Thirteen Weeks Ended Twenty-Six Weeks Ended  March 4, February 27, March 4, February 27,  2017 2016 2017 2016  Net income as reported $ 53,559 $ 49,525 $ 107,847 $ 104,554  Less: Distributed net income available to participating securities (36) (80) (113) (169)  Less: Undistributed net income available to participating securities (84) (106) (199) (266)  Numerator for basic net income per share:  Undistributed and distributed net income available to common shareholders $ 53,439 $ 49,339 $ 107,535 $ 104,119  Add: Undistributed net income allocated to participating securities 84 106 199 266  Less: Undistributed net income reallocated to participating securities (83) (106) (197) (265)   Numerator for diluted net income per share:  Undistributed and distributed net income available to common shareholders $ 53,440 $ 49,339 $ 107,537 $ 104,120  Denominator:  Weighted average shares outstanding for basic net income per share 56,620 61,187 56,500 61,242  Effect of dilutive securities 593 126 410 119  Weighted average shares outstanding for diluted net income per share 57,213 61,313 56,910 61,361  Net income per share Two-class method:  Basic $ 0.94 $ 0.81 $ 1.90 $ 1.70  Diluted $ 0.93 $ 0.80 $ 1.89 $ 1.70  There were no antidilutive stock options included in the computation of diluted earnings per share for the thirteen and twenty-six- week period s ended March 4, 2017 , respectively. Antidilutive stock options of 1,025 were not included in the computation of diluted earnings per share for the thirteen and twenty-six- week periods ended February 27, 2016 .

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 04, 2017
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 3. Stock-Based Compensation  The Company accounts for all share-based payments in accordance with ASC Topic 718, "Compensation—Stock Compensation" ("ASC 718"). S tock ‑based compensation expense included in operating expenses for the thirteen and twenty-six-week periods ended March 4, 2017 and February 27, 2016 was as follows:     Thirteen Weeks Ended Twenty-Six Weeks Ended  March 4, February 27, March 4, February 27,  2017 2016 2017 2016  Stock options $ 1,075 $ 1,066 $ 2,187 $ 2,252  Restricted share awards 1,012 1,473 2,334 3,199  Restricted stock units 1,233 773 2,275 1,412  Associate Stock Purchase Plan 67 66 129 136  Total 3,387 3,378 6,925 6,999  Deferred income tax benefit (1,288) (1,284) (2,632) (2,660)  Stock-based compensation expense, net $ 2,099 $ 2,094 $ 4,293 $ 4,339  Stock options  The fair value of each option grant is estimated on the date of grant using the Black ‑Scholes option pricing model with the following assumptions:     Twenty-Six Weeks Ended  March 4, February 27,  2017 2016  Expected life (in years) 4.1 3.9  Risk-free interest rate 1.16 % 1.09 %  Expected volatility 20.50 % 21.82 %  Expected dividend yield 2.40 % 2.40 %  Weighted-average grant-date fair value $9.29 $8.03  A summary of the Company’s stock option activity for the twenty-six-week period ended March 4, 2017 is as follows:     Options Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value  Outstanding on September 3, 2016 1,645 $ 69.86  Granted 537 71.33  Exercised (329) 67.24  Canceled/Forfeited (30) 70.91  Outstanding on March 4, 2017 1,823 $ 70.75 5.0 $ 61,232  Exercisable on March 4, 2017 655 $ 73.54 3.6 $ 20,176 The unrecognized share ‑based compensation cost related to stock option expense at March 4, 2017 was $9,489 and will be recognized over a weighted average period of 2.8 years. The total intrinsic va lue of options exercised, which represents the difference between the exercise price and market value of common stock measured at each individual exercise date, during the twenty-six- week periods ended March 4, 2017 and February 27, 2016 was $9,100 and $481 , respectively.  Restricted share awards  A summary of the non ‑vested restricted share award (“RSA”) activity under the Company’s 2005 Omnibus Incentive Plan and 2015 Omnibus Incentive Plan for the twenty-six- week period ended March 4, 2017 is as follows:     Shares Weighted-Average Grant-Date Fair Value  Non-vested restricted share awards at September 3, 2016 265 $ 78.58  Granted — —  Vested (96) 75.28  Canceled/Forfeited (4) 80.99  Non-vested restricted share awards at March 4, 2017 165 $ 80.41  The fair value of each RSA is the closing stock price on the New York Stock Exchange of the Company’s Class A common stock on the date of grant. Upon vesting, a portion of the RSA award may be withheld to satisfy the statutory income tax withholding obligation. The remaining RSAs will be settled in shares of the Company’s Class A common stock when vested. The unrecognized compensation cost related to RSAs at March 4, 2017 was $6,923 and will be recognized over a weighted average period of 2.1 years.  Restricted s tock units  A summa ry of the Company’s non-vested Restricted Stock U nit (“RSU”) award activity for the twenty-six- week period ended March 4, 2017 is as follows:    Shares Weighted-Average Grant-Date Fair Value  Non-vested restricted stock unit awards at September 3, 2016 198 $ 58.98  Granted 174 73.32  Vested (45) 59.05  Canceled/Forfeited (7) 64.83  Non-vested restricted stock unit awards at March 4, 2017 320 $ 66.63  The fair value of each RSU is the closing stock price on the New York Stock Exchange of the Company’s Class A common stock on the date of grant. Upon vesting, a portion of the RSU award may be withheld to satisfy the statutory income tax withholding obligation . The remaining RSUs will be settled in shares of the Company’s Class A common stock when vested . These awards accrue dividend equivalents on outstanding units (in the form of additional stock units) based on dividends declared on the Company’s Class A common stock and these dividend equivalents convert to unrestricted common stock on the vesting dates of the underlying RSUs . The dividend equivalents are not included in the RSU table above. The unrecognized compensation cost related to the RSUs at March 4, 2017 was $17,486 and is expected to be recognized over a weighted average period of 4.0 years.

Fair Value

Fair Value	6 Months Ended
	Mar. 04, 2017
Fair Value [Abstract]
Fair Value	Note 4. Fair Value  Fair value accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following fair value hierarchy prioritizes the inputs used to measure fair value into three levels, with Level 1 being of the highest priority. The three levels of inputs used to measure fair value are as follows:  Level 1 —Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 —Include other inputs that are directly or indirectly observable in the marketplace. Level 3 —Unobservable inputs which are supported by little or no market activity.  In connection with the co nstruction of the Company’s customer fulfillment center in Columbus, Ohio, the Company entered into an arrangement during fiscal 2013 with the Columbus-Franklin County Finance Authority (“Finance Authority”) which provides savings on state and local sales taxes imposed on construction materials to entities that finance the transactions through them. Under this arrangement, the Finance Authority issued taxable bonds to finance the structure and site improvements of the Company’s c ustomer fulfillment center. The bonds ( $27,022 outstanding at both March 4, 2017 and September 3, 2016 ) are classified as available for sale securities in accordance with ASC Topic 320. The securities are recorded at fair value in Other Assets in the Condensed Consolidated Balance Sheet. The fair values of these securities are based on observable inputs in non-active markets, which are therefore classified as Level 2 in the hierarchy. The Company did not record any gains or losses on these securities during the thirteen and twenty-six- week period s ended March 4, 2017 . The outstanding principal amount of each bond bears interest at the rate of 2.4% per year. Interest is payable on a semiannual basis in arrears on each interest payment date.  In addition, based on borrowing rates currently available to the Company for borrowings with similar terms, the carrying values of the Company’s capital lease obligations also approximate fair value. The fair value of the Company’s long-term debt, including current maturities, is estimated based on quoted market prices for the same or similar issues or on current rates offered to the Company for debt of the same remaining maturities. The carrying amount of the Company’s debt at March 4, 2017 approximates its fair value.  The Company’s financial instruments, other than those presented in the disclosure above, include cash, receivables, accounts payable, and accrued liabilities. Management believes the carrying amount of the aforementioned financial instruments is a reasonable estimate of fair value as of March 4, 2017 and September 3, 2016 due to the short-term maturity of these items.  During the twenty-six weeks ended March 4, 2017 and February 27, 2016 , the Company had no measurements of non-financial assets or liabilities at fair value on a non-recurring basis subsequent to their initial recognition. 

Debt And Capital Lease Obligati

Debt And Capital Lease Obligations	6 Months Ended
	Mar. 04, 2017
Debt And Capital Lease Obligations [Abstract]
Debt And Capital Lease Obligations	Note 5. Debt and Capital Lease Obligations Debt at March 4, 2017 and September 3, 2016 consisted of the following:    March 4, September 3,  2017 2016  (Dollars in thousands)  Credit Facility:  Revolver $ 184,000 $ 217,000  Term loan 162,500 187,500  Private Placement Debt:  Senior notes, series A 75,000 75,000  Senior notes, series B 100,000 100,000  Capital lease and financing obligations 28,368 28,268  Less: unamortized debt issuance costs (736) (946)  Total debt $ 549,132 $ 606,822  Less: current maturities of long-term debt (1) (278,072) (267,050)  Long-term debt $ 271,060 $ 339,772 ____________________ (1) Net of unamortized debt issuance costs expected to be amortized in the next twelve months.  Credit Facility  In April 2013 , in connection with the acquisition of the Class C Solutions Group (“CCSG”) , the Company entered into a $650,000 credit facility (the “Credit Facility”). The C redit Facility, which matures in April 2018 , provides for a five -year unsecured revolving loan facility in the aggregate amount of $400,000 and a five -year unsecured term loan facility in the aggregate amount of $250,000 .  The Credit Facility also permits the Company, at its request, and upon the satisfaction of certain conditions, to add one or more incremental term loan facilities and/or increase the revolving loan commitments in an aggregate amount not to exceed $200,000 . Subject to certain limitations, each such incremental term loan facility or revolving commitment increase will be on terms as agreed to by the Company, the Administrative Agent and the lenders providing such financing.  Borrowings under the Credit Facility bear interest, at the Comp any’s option, either at (i) LIBOR (Lond on Interbank Offered Rate) plus the applicable margin for LIBOR loans ranging from 1.00% to 1.375% , based on the Company’s consolidated leverage ratio; or (ii) the greatest of (a) the Administrative Agent’s prime rate in effect on such day, (b) the federal funds effective rate in effect on such day, plus 0.50% and (c) LIBOR that would be calculated as of such day in respect of a proposed LIBOR loan with a one-month interest period, plus 1.00% , plus, in the case of each of clauses (a) through (c), an applicable margin ranging from 0.00% to 0.375% , based on the Company’s consolidated leverage ratio. The Company is required to pay a quarterly undrawn fee ranging from 0.10% to 0.20% per annum on the unutilized portion of the Credit Facility based on the Company’s consolidated leverage ratio. The Company is also required to pay quarterly letter of credit usage fees ranging between 1.00% to 1.375% (based on the Company’s consolidated leverage ratio) on the amount of the daily average outstanding letters of credit, and a quarterly fronting fee of 0.125% per annum on the undrawn and unexpired amount of each letter of credit. The weighted average applicable borrowing rate for the Company for any borrowings outstanding under the Credit Facility at March 4, 2017 was 1.91% which r epresents LIBOR plus 1.125% . Based on the interest period the Company selects, interest may be payable every one, two, three or six months. Interest is reset at the end of each interest period. The Company currently elects to have loans under the Credit Facility bear interest based on LIBOR with one -month interest periods. Borrowings under the Credit Facility are guaranteed by certain of the Company’s subsidiaries.  During the twenty-six- week period ended March 4, 2017 , the Company borrow ed $78,000 under the revolving loan facility and repaid $111,000 and $25,000 of the revolving loan facility and the term loan facility, respectively.  Private Placement Debt  In July 2016, in connection with the Company’s “modified Dutch auction” tender offer, the Company completed the issuance and sale of the following unsecured senior notes (collectively “Private Placement Debt”):  · $75,000 aggregate principal amount of 2.65% Senior Notes, Series A, due July 28, 2023 (“Senior notes, series A”); and · $100,000 aggregate principal amount of 2.90% Senior Notes, Series B, due July 28, 2026 (“Senior notes, series B”).  The Private Placement Debt is due, in full, on the stated maturity dates. Interest is payable semiannually at the fixed stated interest rates.  The Credit Facility and Private Placement Debt contain several restrictive covenants including the requirement that the Company maintain a maximum consolidated leverage ratio of total indebtedness to EBITDA (earnings before interest expense, taxes, depreciation, amortization and stock-based compensation) of no more than 3.00 to 1.00, and a minimum consolidated interest coverage ratio of EBITDA to total interest expense of at least 3.00 to 1.00, during the term of the Credit Facility and Private Placement Debt. At March 4, 2017 , the Company was in compliance with the operating and financial covenants of the Credit Facility and Private Placement Debt.  Capital Lease and Financing Obligations  In connection with the co nstruction of the Company’s customer fulfillment center in Columbus, Ohio, the Finance Authority holds the title to the building and entered into a long-term lease with the Company. The lease has a 20 -year term with a prepayment option without penalty between 7 and 20 years. At the end of the lease term, the building’s title is transferred to the Company for a nominal amount when the principal of and interest on the bonds have been fully paid. The lease has been classified as a capital lease in accordance with ASC Topic 840. At March 4, 2017 and September 3, 2016 , the capital lease obligation was approximately $27,022 . 

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Mar. 04, 2017
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 6. Shareholders’ Equity  The Company paid cash dividends o f $0.90 per common share totali ng $51,010 fo r the twenty-six weeks ended March 4, 2017 . For the twenty-six weeks ended February 27, 2016 , the Company paid cash dividends of $0.86 per common share totaling $52,948 . On March 30, 2017 , th e Board of Directors declared a quarterly cash dividend of $0.45 per share pa yable on May 2, 2017 t o shareholder s of record at the close of business on April 18, 2017 . T he dividend will result in a payout of approximately $25,622 , ba sed on the number of shares outstanding at March 23, 2017 .  The Board of Directors established the MSC Stock Repurchase Plan (the “Repurchase Plan”) which allows the Company to repurchase shares at any time and in any increments it deems appropriate in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. During the twenty-six- week period ended March 4, 2017 , the Company repurcha sed 42 shares of its Class A common stock for $3,064 , wh ic h is reflected at cost as treasury stock in the accompanying condensed consolidat ed financial statements. All of these shares were repurchased by the Company to satisfy the Company’s associates’ tax withholding liability associated with its share-based compensation program. As of March 4, 2017 , the maximum number of shares that can be repurchased under the Rep urchase Plan was 1,444 shares. 

Product Warranties

Product Warranties	6 Months Ended
	Mar. 04, 2017
Product Warranties [Abstract]
Product Warranties	Note 7 . Product Warranties  The Company generally offers a maximum one -year warranty, including parts and labor, for some of its machinery products. The specific terms and conditions of those warranties vary depending upon the product sold. The Company may be able to recoup some of these costs through product warranties it holds with its original equipment manufacturers, which typically range from thirty to ninety days. In general, many of the Company’s general merchandis e products are covered by third- party original equipment manufacturers’ warranties. The Company’s warranty expense for the thirteen and twenty-six- week period s ended March 4, 2017 and February 27, 2016 was minimal. 

Income Taxes

Income Taxes	6 Months Ended
	Mar. 04, 2017
Income Taxes [Abstract]
Income Taxes	Note 8 . Income Taxes  During the twenty-six- week period ended March 4, 2017 , there were no material changes in unrecognized tax benefits. 

Legal Proceedings

Legal Proceedings	6 Months Ended
	Mar. 04, 2017
Legal Proceedings [Abstract]
Legal Proceedings	Note 9 . Legal Proceedings  There are various claims, lawsuits, and pending actions against the Company incidental to the operation of its business. Although the outcome of these matters is currently not determinable, management does not expect that the ultimate costs to resolve these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity. 

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Mar. 04, 2017
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards	Note 10. Recently Issued Accounting Standards  Recently Adopted Accounting Pronouncements  Share-based Payments  In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. This ASU is effective for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption is permitted. The Company early adopted ASU 2016-09 in the second quarter of fiscal 2017, which requires us to reflect any adjustments as of September 4 , 2016, the beginning of the annual period that includes the interim period of adoption. Prior fiscal year periods were not retrospectively adjusted.  The new standard requires that excess tax benefits and deficiencies resulting from stock-based compensation awards vesting and exercises be recognized in the income statement. Previously, these amounts were recognized in additional paid-in capital. Net excess tax benefits of $1,803 and $1,988 for the thirteen and twenty-six-week periods ending March 4, 2017, respectively, were recognized as a reduction of income tax expense which resulted in a net income per share benefit of $0.03 for both periods . In addition, ASU 2016-09 requires excess tax benefits and deficiencies to be excluded from the assumed future proceeds in the calculation of diluted shares, resulting in an increase in diluted weighted average shares outstanding of 164 and 100 shares for the thirteen and twenty-six-week periods ending March 4, 2017, respectively.  The Company has elected to continue to estimate the number of stock-based awards expected to vest, as permitted by ASU 2016-09, rather than electing to account for forfeitures as they occur. The standard also requires that excess tax benefits from share-based compensation awards be reported as operating activities in the consolidated statements of cash flows. Previously, these cash flows were included in financing activities. We have elected to apply this change on a prospective basis. As a result, we increased net cash provided by operating activities by $525 for the twenty-six-week period ending March 4, 2017, with a corresponding $525 increase in net cash used by financing activities pertaining to our fiscal first quarter of 2017.  Additionally, ASU 2016-09 requires that employee taxes paid when an employer withholds shares for tax-withholding purposes be reported as financing activities in the consolidated statements of cash flows, which is how the Company has historically classified these. Finally, the new guidance will allow an employer with a statutory income tax withholding obligation to withhold shares with a fair value up to the amount of tax owed using the maximum statutory tax rate in the employee’s applicable jurisdiction. The Company will continue to withhold the minimum statutory withholding obligation for outstanding awards.  Adoption of the new standard affected our previously reported fiscal first quarter of 2017 net income per share as follows:    Thirteen Weeks Ended  December 3, 2016  As Reported As Adjusted  Condensed Consolidated Statements of Income: (in thousands, except per share data)  Provision for income taxes $ 33,442 $ 33,257  Net income $ 54,103 $ 54,288  Per share information:  Net income per common share:  Basic $ 0.96 $ 0.96  Diluted $ 0.95 $ 0.96  Weighted average shares used in computing net income per common share:  Basic 56,381 56,381  Diluted 56,572 56,608  Deferred Taxes  In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. This update requires an entity to classify deferred tax liabilities and assets as non-current within a classified balance sheet. ASU 2015-17 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The FASB allowed early adoption of this standard and, therefore, the Company prospectively adopted ASU 2015-17 during its first quarter of fiscal 2017. As a result of adopting this standard, $46,627 of deferred income taxes that were previously presented as a current asset are now included within long-term liabilities, as the Company was in a net deferred tax liability position in its first quarter of fiscal 2017 which was the time of adoption. Prior periods were not retrospectively adjusted.  Accounting Pronouncements Not Yet Adopted  Goodwill Impairment  In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 in the goodwill impairment test that required an entity to calculate the implied fair value of goodwill. An entity will now apply a one-step quantitative test and record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. ASU 2017-04 will be applied prospectively and is effective for annual and interim goodwill impairment tests conducted in fiscal years beginning after December 15, 2019 . The new standard is effective for the Company for its fiscal 2021 fourth quarter goodwill impai rment test. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating this standard to determine the impact , if any, of adoption on its consolidated financial statements.  Business Combinations  In January 2017, the FASB issued ASU No. 2017-01, Business Combinations – Clarifying the Definition of a Business. ASU 2017-01 clarifies the definition of a business to assist entities with evaluating when a set of transferred assets and activities is considered a business. The amendment is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendment should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The new standard is effective for the Company for its fiscal 2019 first quarter. The Company is currently evaluating this standard to determine the impact , if any, of adoption on its consolidated financial statements.  Leases  In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), to increase transparency and comparability by providing additional information to users of financial statements regarding an entity’s leasing activities. ASU 2016-02 requires reporting entities to recognize lease assets and lease liabilities on the balance sheet for substantially all lease arrangements. ASU 2016-02 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2018. The new standard is effective for the Company for its fiscal 2020 first quarter. The guidance will be applied on a modified retrospective basis beginning with the earliest period presented. The Company is currently evaluating this standard to determine the impact of adoption on its consolidated financial statements.  Simplifying the Measurement of Inventory  In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory ( Topic 330), which requires an entity to measure inventory at the lower of cost or net realizable value, which consists of the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. For public entities, the updated guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The guidance is to be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The new standard is effective for the Company for its fiscal 2018 first quarter. The Company does not expect adoption of ASU 2015-11 to have a material impact on its consolidated financial statements.  Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company for its fiscal 2019 first quarter. Early application is permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has evaluated the provisions of the new standard and is in the process of assessing its impact on financial statements, information systems, business processes and financial statement disclosures. Based on initial reviews, this standard is not expected to have a material impact on the Company’s consolidated financial statements. 

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Mar. 04, 2017
Net Income Per Share [Abstract]
Basic And Diluted Net Income Per Common Share Under The Two-Class Method	  Thirteen Weeks Ended Twenty-Six Weeks Ended  March 4, February 27, March 4, February 27,  2017 2016 2017 2016  Net income as reported $ 53,559 $ 49,525 $ 107,847 $ 104,554  Less: Distributed net income available to participating securities (36) (80) (113) (169)  Less: Undistributed net income available to participating securities (84) (106) (199) (266)  Numerator for basic net income per share:  Undistributed and distributed net income available to common shareholders $ 53,439 $ 49,339 $ 107,535 $ 104,119  Add: Undistributed net income allocated to participating securities 84 106 199 266  Less: Undistributed net income reallocated to participating securities (83) (106) (197) (265)   Numerator for diluted net income per share:  Undistributed and distributed net income available to common shareholders $ 53,440 $ 49,339 $ 107,537 $ 104,120  Denominator:  Weighted average shares outstanding for basic net income per share 56,620 61,187 56,500 61,242  Effect of dilutive securities 593 126 410 119  Weighted average shares outstanding for diluted net income per share 57,213 61,313 56,910 61,361  Net income per share Two-class method:  Basic $ 0.94 $ 0.81 $ 1.90 $ 1.70  Diluted $ 0.93 $ 0.80 $ 1.89 $ 1.70 

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 04, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Stock-Based Compensation Expense	   Thirteen Weeks Ended Twenty-Six Weeks Ended  March 4, February 27, March 4, February 27,  2017 2016 2017 2016  Stock options $ 1,075 $ 1,066 $ 2,187 $ 2,252  Restricted share awards 1,012 1,473 2,334 3,199  Restricted stock units 1,233 773 2,275 1,412  Associate Stock Purchase Plan 67 66 129 136  Total 3,387 3,378 6,925 6,999  Deferred income tax benefit (1,288) (1,284) (2,632) (2,660)  Stock-based compensation expense, net $ 2,099 $ 2,094 $ 4,293 $ 4,339 
Schedule Of Option Grant Fair Value Assumptions	  Twenty-Six Weeks Ended  March 4, February 27,  2017 2016  Expected life (in years) 4.1 3.9  Risk-free interest rate 1.16 % 1.09 %  Expected volatility 20.50 % 21.82 %  Expected dividend yield 2.40 % 2.40 %  Weighted-average grant-date fair value $9.29 $8.03 
Summary Of Stock Option Activity	  Options Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value  Outstanding on September 3, 2016 1,645 $ 69.86  Granted 537 71.33  Exercised (329) 67.24  Canceled/Forfeited (30) 70.91  Outstanding on March 4, 2017 1,823 $ 70.75 5.0 $ 61,232  Exercisable on March 4, 2017 655 $ 73.54 3.6 $ 20,176 
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Non-Vested Restricted Share Award Activity	  Shares Weighted-Average Grant-Date Fair Value  Non-vested restricted share awards at September 3, 2016 265 $ 78.58  Granted — —  Vested (96) 75.28  Canceled/Forfeited (4) 80.99  Non-vested restricted share awards at March 4, 2017 165 $ 80.41 
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Non-Vested Restricted Stock Unit Award Activity	  Shares Weighted-Average Grant-Date Fair Value  Non-vested restricted stock unit awards at September 3, 2016 198 $ 58.98  Granted 174 73.32  Vested (45) 59.05  Canceled/Forfeited (7) 64.83  Non-vested restricted stock unit awards at March 4, 2017 320 $ 66.63 

Debt And Capital Lease Obliga20

Debt And Capital Lease Obligations (Tables)	6 Months Ended
	Mar. 04, 2017
Debt And Capital Lease Obligations [Abstract]
Schedule Of Debt	  March 4, September 3,  2017 2016  (Dollars in thousands)  Credit Facility:  Revolver $ 184,000 $ 217,000  Term loan 162,500 187,500  Private Placement Debt:  Senior notes, series A 75,000 75,000  Senior notes, series B 100,000 100,000  Capital lease and financing obligations 28,368 28,268  Less: unamortized debt issuance costs (736) (946)  Total debt $ 549,132 $ 606,822  Less: current maturities of long-term debt (1) (278,072) (267,050)  Long-term debt $ 271,060 $ 339,772 ____________________ (1) Net of unamortized debt issuance costs expected to be amortized in the next twelve months. 

Recently Issued Accounting St21

Recently Issued Accounting Standards (Tables)	6 Months Ended
	Mar. 04, 2017
Recently Issued Accounting Standards [Abstract]
Schedule Of Adoption Of New Accounting Standards	  Thirteen Weeks Ended  December 3, 2016  As Reported As Adjusted  Condensed Consolidated Statements of Income: (in thousands, except per share data)  Provision for income taxes $ 33,442 $ 33,257  Net income $ 54,103 $ 54,288  Per share information:  Net income per common share:  Basic $ 0.96 $ 0.96  Diluted $ 0.95 $ 0.96  Weighted average shares used in computing net income per common share:  Basic 56,381 56,381  Diluted 56,572 56,608 

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
Net Income Per Share [Abstract]
Net income as reported	$ 53,559	$ 49,525	$ 107,847	$ 104,554
Less: Distributed net income available to participating securities	(36)	(80)	(113)	(169)
Less: Undistributed net income available to participating securities	(84)	(106)	(199)	(266)
Undistributed and distributed net income available to common shareholders: Basic	53,439	49,339	107,535	104,119
Add: Undistributed net income allocated to participating securities	84	106	199	266
Less: Undistributed net income reallocated to participating securities	(83)	(106)	(197)	(265)
Undistributed and distributed net income available to common shareholders: Diluted	$ 53,440	$ 49,339	$ 107,537	$ 104,120
Weighted average shares outstanding for basic net income per share	56,620,000	61,187,000	56,500,000	61,242,000
Effect of dilutive securities	593,000	126,000	410,000	119,000
Weighted average shares outstanding for diluted net income per share	57,213,000	61,313,000	56,910,000	61,361,000
Basic	$ 0.94	$ 0.81	$ 1.90	$ 1.70
Diluted	$ 0.93	$ 0.80	$ 1.89	$ 1.70
Antidilutive stock options	0	1,025,000	0	1,025,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation cost	$ 9,489
Unrecognized share-based compensation weighted average period	2 years 9 months 18 days
Total intrinsic value of options exercised	$ 9,100	$ 481
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation cost	$ 6,923
Unrecognized share-based compensation weighted average period	2 years 1 month 6 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based compensation cost	$ 17,486
Unrecognized share-based compensation weighted average period	4 years

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 3,387	$ 3,378	$ 6,925	$ 6,999
Deferred income tax benefit	(1,288)	(1,284)	(2,632)	(2,660)
Stock-based compensation expense, net	2,099	2,094	4,293	4,339
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,075	1,066	2,187	2,252
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,012	1,473	2,334	3,199
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,233	773	2,275	1,412
Associate Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 67	$ 66	$ 129	$ 136

Stock-Based Compensation (Sch25

Stock-Based Compensation (Schedule Of Option Grant Fair Value Assumptions) (Details) - $ / shares	6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016
Stock-Based Compensation [Abstract]
Expected life (in years)	4 years 1 month 6 days	3 years 10 months 24 days
Risk-free interest rate	1.16%	1.09%
Expected volatility	20.50%	21.82%
Expected dividend yield	2.40%	2.40%
Weighted-average grant-date fair value	$ 9.29	$ 8.03

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Stock Option Activity) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Mar. 04, 2017USD ($)$ / sharesshares
Stock-Based Compensation [Abstract]
Outstanding, Beginning Balance, Options | shares	1,645
Granted, Options | shares	537
Exercised, Options | shares	(329)
Canceled/Forfeited, Options | shares	(30)
Outstanding, Ending Balance, Options | shares	1,823
Exercisable, Ending Balance, Options | shares	655
Outstanding, Beginning Balance, Weighted-Average Exercise Price per Share | $ / shares	$ 69.86
Granted, Weighted-Average Exercise Price per Share | $ / shares	71.33
Exercised, Weighted-Average Exercise Price per Share | $ / shares	67.24
Canceled/Forfeited, Weighted-Average Exercise Price per Share | $ / shares	70.91
Outstanding, Ending Balance, Weighted-Average Exercise Price per Share | $ / shares	70.75
Exercisable, Ending Balance, Weighted-Average Exercise Price per Share | $ / shares	$ 73.54
Outstanding, Ending Balance, Weighted-Average Remaining Contractual Term (in years)	5 years
Exercisable, Ending Balance, Weighted-Average Remaining Contractual Term (in years)	3 years 7 months 6 days
Outstanding, Ending Balance, Aggregate Intrinsic Value | $	$ 61,232
Exercisable, Ending Balance, Aggregate Intrinsic Value | $	$ 20,176

Stock-Based Compensation (Sum27

Stock-Based Compensation (Summary Of Non-Vested Restricted Share Award Activity) (Details) shares in Thousands	6 Months Ended
	Mar. 04, 2017$ / sharesshares
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted share awards, Beginning balance, Shares | shares	265
Vested, Shares | shares	(96)
Canceled/Forfeited, Shares | shares	(4)
Non-vested restricted share awards, Ending balance, Shares | shares	165
Non-vested restricted share awards, Beginning balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 78.58
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	75.28
Canceled/Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	80.99
Non-vested restricted share awards, Ending balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 80.41
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted share awards, Beginning balance, Shares | shares	198
Granted, Shares | shares	174
Vested, Shares | shares	(45)
Canceled/Forfeited, Shares | shares	(7)
Non-vested restricted share awards, Ending balance, Shares | shares	320
Non-vested restricted share awards, Beginning balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 58.98
Granted, Weighted-Average Grant-Date Fair Value | $ / shares	73.32
Vested, Weighted-Average Grant-Date Fair Value | $ / shares	59.05
Canceled/Forfeited, Weighted-Average Grant-Date Fair Value | $ / shares	64.83
Non-vested restricted share awards, Ending balance, Weighted-Average Grant-Date Fair Value | $ / shares	$ 66.63

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 04, 2017	Mar. 04, 2017	Sep. 03, 2016	Feb. 27, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Taxable bonds	$ 27,022	$ 27,022	$ 27,022
Gains and losses on securities	0	0
Fair value of non-financial assets on non-recurring basis	0	0		$ 0
Fair value of non-financial liabilities on non-recurring basis	$ 0	$ 0		$ 0
Corporate Bond Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate on bonds	2.40%	2.40%

Debt And Capital Lease Obliga29

Debt And Capital Lease Obligations (Credit Facility) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 04, 2017	Feb. 27, 2016	Apr. 30, 2013
Debt Instrument [Line Items]
Borrowings under Credit Facility	$ 78,000	$ 66,000
Repayments of debt	$ 136,000	$ 167,500
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing rate under Credit Facility	1.91%
Repayments of debt	$ 111,000
Term Loan [Member]
Debt Instrument [Line Items]
Repayments of debt	$ 25,000
New Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 650,000
Maturity date	Apr. 1, 2018
Available increase in amount borrowed	$ 200,000
New Credit Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			400,000
Credit facility, expiration term	5 years
New Credit Facility [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity			$ 250,000
Credit facility, expiration term	5 years
New Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Quarterly undrawn fee	0.125%
LIBOR [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	1.00%
LIBOR [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	1.125%
Federal Funds Effective Rate [Member] | New Credit Facility [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	0.50%
Minimum [Member] | New Credit Facility [Member]
Debt Instrument [Line Items]
Quarterly undrawn fee	0.10%
Minimum [Member] | New Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Usage fee, percent	1.00%
Minimum [Member] | LIBOR [Member] | New Credit Facility [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	1.00%
Minimum [Member] | Leverage Ratio Margin [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	0.00%
Maximum [Member] | New Credit Facility [Member]
Debt Instrument [Line Items]
Quarterly undrawn fee	0.20%
Maximum [Member] | New Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Usage fee, percent	1.375%
Maximum [Member] | LIBOR [Member] | New Credit Facility [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	1.375%
Maximum [Member] | Leverage Ratio Margin [Member]
Debt Instrument [Line Items]
Percentage points in addition to reference rate used in computation of variable rate on debt instrument	0.375%

Debt And Capital Lease Obliga30

Debt And Capital Lease Obligations (Private Placement Debt) (Narrative) (Details) - Private Placement Debt [Member]	6 Months Ended	12 Months Ended
	Mar. 04, 2017USD ($)	Sep. 03, 2016USD ($)
Debt Instrument [Line Items]
Maximum consolidated leverage ratio of total indebtedness to EBITDA	3
Minimum consolidated interest coverage ratio of EBITDA to total interest expense	3
Senior Notes Series A [Member]
Debt Instrument [Line Items]
Principal amount	$ 75,000,000	$ 75,000,000
Interest rate	2.65%	2.65%
Maturity date	Jul. 28, 2023
Senior Notes Series B [Member]
Debt Instrument [Line Items]
Principal amount	$ 100,000,000	$ 100,000,000
Interest rate	2.90%	2.90%
Maturity date	Jul. 28, 2026	Jul. 28, 2026

Debt And Capital Lease Obliga31

Debt And Capital Lease Obligations (Capital Lease And Finance Obligations) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 04, 2017	Sep. 03, 2016
Capital Leased Assets [Line Items]
Amount due under capital leases and financing agreements	$ 28,368	$ 28,268
Fulfillment Center [Member]
Capital Leased Assets [Line Items]
Capital lease term	20 years
Amount due under capital leases and financing agreements	$ 27,022	$ 27,022
Minimum [Member] | Fulfillment Center [Member]
Capital Leased Assets [Line Items]
Capital lease, prepayment term with no penalty	7 years
Maximum [Member] | Fulfillment Center [Member]
Capital Leased Assets [Line Items]
Capital lease, prepayment term with no penalty	20 years

Debt and Capital Lease Obliga32

Debt and Capital Lease Obligations (Schedule Of Debt) (Details) - USD ($)		Mar. 04, 2017	Sep. 03, 2016
Debt Instrument [Line Items]
Capital lease and financing obligations		$ 28,368,000	$ 28,268,000
Less: unamortized debt issuance costs		(736,000)	(946,000)
Total Debt		549,132,000	606,822,000
Less: current maturities of long-term debt	[1]	(278,072,000)	(267,050,000)
Long-term debt		271,060,000	339,772,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit Facility		184,000,000	217,000,000
Term Loan [Member]
Debt Instrument [Line Items]
Credit Facility		162,500,000	187,500,000
Senior Notes Series A [Member] | Private Placement Debt [Member]
Debt Instrument [Line Items]
Private placement debt		75,000,000	75,000,000
Senior Notes Series B [Member] | Private Placement Debt [Member]
Debt Instrument [Line Items]
Private placement debt		$ 100,000,000	$ 100,000,000
[1]	Net of unamortized debt issuance costs expected to be amortized in the next twelve months.

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Mar. 30, 2017	Mar. 04, 2017	Feb. 27, 2016
Components Of Shareholders Equity [Line Items]
Regular dividends cash paid		$ 51,010	$ 52,948
Purchase of treasury stock		$ 3,064
Subsequent Event [Member]
Components Of Shareholders Equity [Line Items]
Dividends declared date	Mar. 30, 2017
Dividends payable per share	$ 0.45
Dividend payable date	May 2, 2017
Dividends record date	Apr. 18, 2017
Dividend payable amount	$ 25,622
Regular Dividends [Member]
Components Of Shareholders Equity [Line Items]
Cash dividends paid per common share		$ 0.90	$ 0.86
Regular dividends cash paid		$ 51,010	$ 52,948
Class A Treasury Stock [Member]
Components Of Shareholders Equity [Line Items]
Class A common stock shares repurchased		42
Purchase of treasury stock		$ 3,064
Maximum number of shares that can be repurchased		1,444

Product Warranties (Details)

Product Warranties (Details)	6 Months Ended
	Mar. 04, 2017
Minimum [Member]
Product warranties with original equipment manufacturers	30 days
Maximum [Member]
Warranty period	1 year
Product warranties with original equipment manufacturers	90 days

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	6 Months Ended
	Mar. 04, 2017USD ($)
Income Taxes [Abstract]
Changes in unrecognized tax benefits	$ 0

Recently Issued Accounting St36

Recently Issued Accounting Standards (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 04, 2017	Dec. 03, 2016	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ 30,246		$ 30,625	$ 63,503	$ 64,654
Basic	$ 0.94		$ 0.81	$ 1.90	$ 1.70
Diluted	57,213		61,313	56,910	61,361
Excess tax benefits from stock-based compensation, operating					$ 267
Excess tax benefits from stock-based compensation, financing					$ 267
Accounting Standards Update 2015-17 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Long-term liabilities	$ 46,627			$ 46,627
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes		$ 33,257
Basic		$ 0.96
Diluted		56,608
New Accounting Pronouncement, Early Adoption, Effect [Member] | Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ (1,803)			$ (1,988)
Basic	$ 0.03			$ 0.03
Diluted	164			100
Excess tax benefits from stock-based compensation, operating				$ 525
Excess tax benefits from stock-based compensation, financing				$ 525

Recently Issued Accounting St37

Recently Issued Accounting Standards (Schedule Of Income Statement Impact) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 04, 2017	Dec. 03, 2016	Feb. 27, 2016	Mar. 04, 2017	Feb. 27, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes	$ 30,246		$ 30,625	$ 63,503	$ 64,654
Net income	$ 53,559		$ 49,525	$ 107,847	$ 104,554
Basic	$ 0.94		$ 0.81	$ 1.90	$ 1.70
Diluted	$ 0.93		$ 0.80	$ 1.89	$ 1.70
Basic	56,620		61,187	56,500	61,242
Diluted	57,213		61,313	56,910	61,361
Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes		$ 33,257
Net income		$ 54,288
Basic		$ 0.96
Diluted		$ 0.96
Basic		56,381
Diluted		56,608
Scenario, Previously Reported [Member] | Accounting Standards Update 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for income taxes		$ 33,442
Net income		$ 54,103
Basic		$ 0.96
Diluted		$ 0.95
Basic		56,381
Diluted		56,572