Interim Financial Information (Unaudited) (Tables)

12 Months Ended

Aug. 29, 2020

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

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.