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Interim Financial Information (Unaudited)
 12 Months Ended
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.