Shareholders' Equity |
6 Months Ended |
|---|---|
Feb. 28, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Shareholders' Equity | Shareholders’ Equity Common Stock Repurchases and Treasury Stock In June 2021, the Board of Directors of the Company (the “Board”) terminated the existing share repurchase plan and authorized a new share repurchase plan (the “Share Repurchase Plan”) to purchase up to 5,000 shares of Class A Common Stock. There is no expiration date for the Share Repurchase Plan. As of February 28, 2026, the maximum number of shares of Class A Common Stock that were available for repurchase under the Share Repurchase Plan was 1,313 shares. The Share Repurchase Plan allows the Company to repurchase shares at any time and in any increments it deems appropriate in accordance with Rule 10b-18 under the Exchange Act. During the thirteen- and twenty-six-week periods ended February 28, 2026, the Company repurchased 9 shares and 160 shares, respectively, of Class A Common stock for $764 and $13,723, respectively. From these totals, 9 shares and 60 shares, respectively, were repurchased by the Company to satisfy the Company’s associates’ tax withholding liability associated with its stock-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen- and twenty-six-week periods ended February 28, 2026 and the remainder were immediately retired. During the thirteen- and twenty-six-week periods ended March 1, 2025, the Company repurchased 158 shares and 377 shares, respectively, of Class A Common Stock for $12,469 and $30,541, respectively. From these totals, 5 shares and 75 shares, respectively, were repurchased by the Company to satisfy the Company’s associates’ tax withholding liability associated with its stock-based compensation program and are reflected at cost as treasury stock in the unaudited Condensed Consolidated Financial Statements for the thirteen- and twenty-six-week periods ended March 1, 2025 and the remainder were immediately retired. As of August 30, 2025, the Company had accrued $71 for excise tax on share repurchases which was included in Accrued expenses and other current liabilities in the unaudited Condensed Consolidated Balance Sheets. As of February 28, 2026, no accrual was required. The Company reissued 16 shares and 28 shares of treasury stock during the thirteen- and twenty-six-week periods ended February 28, 2026, respectively, and reissued 17 shares and 31 shares of treasury stock during the thirteen- and twenty-six-week periods ended March 1, 2025, respectively, to fund the MSC Industrial Direct Co., Inc. Amended and Restated Associate Stock Purchase Plan. Dividends on Common Stock The Company paid aggregate regular cash dividends of $1.74 per share totaling $97,175 for the twenty-six-week period ended February 28, 2026. For the twenty-six-week period ended March 1, 2025, the Company paid aggregate regular cash dividends of $1.70 per share totaling $94,933. On March 19, 2026, the Board declared a regular cash dividend of $0.87 per share, payable on April 22, 2026, to shareholders of record at the close of business on April 8, 2026. The dividend is expected to result in aggregate payments of $48,576 based on the number of shares outstanding on March 20, 2026.
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