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Income Taxes
 6 Months Ended
Feb. 24, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective tax rate was (126.1)% and 24.3% for the three months ended February 24, 2024 and February 25, 2023, respectively, and 54.4% and 24.4% for the six months ended February 24, 2024 and February 25, 2023, respectively. The tax rate difference for the three months ended February 24, 2024 compared to the three months ended February 25, 2023 was driven primarily by the non-deductible loss on note repurchase, partially offset by an increase in tax credits year-over-year. The increase in tax rate for the six months ended February 24, 2024 compared to the six months ended February 25, 2023 was driven primarily by the impact of the non-deductible loss on note repurchase and a net favorable benefit in the prior year related to stock compensation, partially offset by an increase in tax credits year-over-year over decreased income in the current year.

As of February 24, 2024, $7.9 million of U.S. federal income taxes receivable was included in prepaid expenses and other current assets on the Consolidated Balance Sheets. Comparatively, as of August 26, 2023, $10.7 million of U.S. federal income taxes receivable was included in prepaid expenses and other current assets on the Consolidated Balance Sheets.

We file a U.S. Federal tax return, as well as returns in various international and state jurisdictions. As of February 24, 2024, our U.S. Federal returns from Fiscal 2020 to present are subject to review by the Internal Revenue Service. With limited exceptions, U.S. state returns from Fiscal 2020 to present continue to be subject to review by state taxing jurisdictions. We are currently under review by certain U.S. state tax authorities for Fiscal 2020 through Fiscal 2021. We believe we have adequately reserved for our exposure to potential additional payments for uncertain tax positions in our liability for unrecognized tax benefits.