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Interim Financial Information (Unaudited) | 12 Months Ended
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Aug. 29, 2020
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 2020 and 2019 (unaudited):
Fiscal 2020 | Quarter Ended |  |  |  |  |  |
(In thousands, except per share data) | November 30, 2019 |  | February 29, 2020 |  | May 30, 2020 |  | August 29, 2020
Net revenues | $ | 588,458 |  |  | $ | 626,810 |  |  | $ | 402,458 |  |  | $ | 737,807 |
Gross profit | 78,613 |  |  | 79,782 |  |  | 32,024 |  |  | 122,509 |
Operating income | 23,894 |  |  | 29,644 |  |  | (8,173) |  |  | 68,398 |
Net income | 14,068 |  |  | 17,268 |  |  | (12,353) |  |  | 42,459 |
Net income per share (basic) | 0.44 |  |  | 0.51 |  |  | (0.37) |  |  | 1.26 |
Net income per share (diluted) | 0.44 |  |  | 0.51 |  |  | (0.37) |  |  | 1.25 |
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 |
(1) During the quarter ended August 31, 2019, the Company 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 the 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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