v3.24.2
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 01, 2024
Jun. 03, 2023
Jun. 01, 2024
Jun. 03, 2023
Income Statement [Abstract]        
Net sales $ 979,350 $ 1,054,464 $ 2,868,667 $ 2,973,841
Cost of goods sold 578,903 625,527 1,686,492 1,750,410
Gross profit 400,447 428,937 1,182,175 1,223,431
Operating expenses 288,991 291,706 870,859 852,031
Restructuring and other costs 4,690 1,845 11,787 5,722
Income from operations 106,766 135,386 299,529 365,678
Other income (expense):        
Interest expense (6,884) (5,038) (19,155) (17,913)
Interest income 134 513 302 764
Other expense, net (4,680) (4,456) (14,067) (8,095)
Total other expense (11,430) (8,981) (32,920) (25,244)
Income before provision for income taxes 95,336 126,405 266,609 340,434
Provision for income taxes 24,024 31,266 64,604 84,768
Net income 71,312 95,139 202,005 255,666
Less: Net (loss) income attributable to noncontrolling interest (393) (41) (897) 32
Net income attributable to MSC Industrial $ 71,705 $ 95,180 $ 202,902 $ 255,634
Net income per common share:        
Basic (in usd per share) $ 1.28 $ 1.70 $ 3.60 $ 4.57
Diluted (in usd per share) $ 1.27 $ 1.69 $ 3.59 $ 4.56
Weighted-average shares used in computing net income per common share:        
Basic (in shares) 56,214 55,963 56,323 55,911
Diluted (in shares) 56,351 56,156 56,514 56,121