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Interim Financial Information (Unaudited) | 12 Months Ended
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Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Interim Financial Information (Unaudited) | Interim Financial Information (Unaudited) The following tables show selected operating results for each 3-month quarter of Fiscal 2019 and 2018 (unaudited):
Fiscal 2019 | Quarter Ended
(In thousands, except per share data) | November 24, 2018 |  | February 23, 2019 |  | May 25, 2019 |  | August 31, 2019(1)
Net revenues | $ | 493,648 |  |  | $ | 432,690 |  |  | $ | 528,940 |  |  | $ | 530,396 |
Gross profit | 70,996 |  |  | 66,429 |  |  | 86,584 |  |  | 83,188 |
Operating income | 32,625 |  |  | 28,903 |  |  | 48,974 |  |  | 44,765 |
Net income | 22,161 |  |  | 21,598 |  |  | 36,171 |  |  | 31,868 |
Net income per share (basic) | 0.70 |  |  | 0.68 |  |  | 1.15 |  |  | 1.01 |
Net income per share (diluted) | 0.70 |  |  | 0.68 |  |  | 1.14 |  |  | 1.01 |
Fiscal 2018 | Quarter Ended
(In thousands, except per share data) | November 25, 2017 |  | February 24, 2018 |  | May 26, 2018 |  | August 25, 2018
Net revenues | $ | 450,021 |  |  | $ | 468,359 |  |  | $ | 562,261 |  |  | $ | 536,188 |
Gross profit | 62,831 |  |  | 67,661 |  |  | 85,514 |  |  | 83,830 |
Operating income | 31,176 |  |  | 35,251 |  |  | 48,277 |  |  | 45,688 |
Net income | 17,958 |  |  | 22,088 |  |  | 32,521 |  |  | 29,790 |
Net income per share (basic) | 0.57 |  |  | 0.70 |  |  | 1.03 |  |  | 0.94 |
Net income per share (diluted) | 0.57 |  |  | 0.69 |  |  | 1.02 |  |  | 0.94 |
(1) | During the quarter ended August 31, 2019, we recorded a $10.8 million reduction of WIP inventory and increase to Cost of goods sold for the cumulative correction of an immaterial error related to prior periods. The error was not material to our Consolidated Financial Statements for any quarterly or annual period.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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