Basic net income per share is computed by dividing net income by the weighted-average number of shares of the Company’s Class A Common Stock, par value $0.001 per share (“Class A Common Stock”), and the Company’s Class B Common Stock, par value $0.001 per share (“Class B Common Stock” and, together with Class A Common Stock, “Common Stock”), outstanding during the period. In the first quarter of fiscal year 2024, all Class B Common Stock was reclassified, exchanged and converted into Class A Common Stock in connection with the Reclassification. See Note 8, “Shareholders’ Equity” for additional information. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of Common Stock outstanding during the period, including potentially dilutive shares of Common Stock equivalents outstanding during the period. The dilutive effect of potential shares of Common Stock is determined using the treasury stock method. The following table sets forth the computation of basic and diluted net income per common share under the treasury stock method for the thirteen- and thirty-nine-week periods ended June 1, 2024 and June 3, 2023:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	June 1, 2024		June 3, 2023		June 1, 2024		June 3, 2023
Numerator:
Net income attributable to MSC Industrial, as reported	$	71,705	$	95,180	$	202,902	$	255,634
Denominator:
Weighted-average shares outstanding for basic net income per share	56,214		55,963		56,323		55,911
Effect of dilutive securities	137		193		191		210
Weighted-average shares outstanding for diluted net income per share	56,351		56,156		56,514		56,121
Net income per share:
Basic	$	1.28	$	1.70	$	3.60	$	4.57
Diluted	$	1.27	$	1.69	$	3.59	$	4.56

Potentially dilutive securities	16		0		10		204

Potentially dilutive securities attributable to outstanding share-based awards are excluded from the calculation of diluted net income per share when the combined exercise price and average unamortized fair value are greater than the average market price of Class A Common Stock, and, therefore, their inclusion would be anti-dilutive.