Penguin Solutions (PENG) 10-Q 4 Jan 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Nov. 26, 2021	Dec. 28, 2021
Cover [Abstract]
Entity Registrant Name	SMART GLOBAL HOLDINGS, INC.
Entity Central Index Key	0001616533
Current Fiscal Year End Date	--08-26
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Document Type	10-Q
Trading Symbol	SGH
Document Period End Date	Nov. 26, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		24,692,120
Title of 12(b) Security	Ordinary shares, $0.03 par value per share
Security Exchange Name	NASDAQ
Entity File Number	001-38102
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1013909
Entity Address, Address Line One	c/o Maples Corporate Services Limited
Entity Address, Address Line Two	P.O. Box 309
Entity Address, City or Town	Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-1104
City Area Code	510
Local Phone Number	623-1231
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Nov. 26, 2021	Aug. 27, 2021
Assets
Cash and cash equivalents		$ 233,050	$ 222,986
Accounts receivable, net	[1]	344,107	313,393
Inventories		317,851	363,601
Other current assets		48,829	50,838
Total current assets		943,837	950,818
Property and equipment, net		148,897	156,266
Operating lease right-of-use assets		37,723	40,869
Intangible assets, net		95,331	101,073
Goodwill		72,487	74,255
Other noncurrent assets		25,423	21,517
Total assets		1,323,698	1,344,798
Liabilities and Equity
Accounts payable and accrued expenses		426,883	484,107
Current debt		35,802	25,354
Other current liabilities		72,434	74,337
Total current liabilities		535,119	583,798
Long-term debt		341,150	340,484
Acquisition-related contingent consideration		77,700	60,500
Noncurrent operating lease liabilities		29,396	32,419
Other noncurrent liabilities		8,049	8,673
Total liabilities		991,414	1,025,874
Commitments and contingencies
SMART Global Holdings shareholders’ equity:
Ordinary shares, $0.03 par value. Authorized 200,000 shares; 26,137 issued and 24,684 outstanding as of November 26, 2021; 25,770 issued and 24,368 outstanding as of August 27, 2021		784	773
Additional paid-in-capital		411,608	396,851
Retained earnings		204,814	184,787
Treasury shares, 1,453 and 1,402 shares held as of November 26, 2021 and August 27, 2021, respectively		(53,211)	(50,545)
Accumulated other comprehensive income (loss)		(241,055)	(221,615)
Total SGH shareholders’ equity		322,940	310,251
Noncontrolling interest in subsidiary		9,344	8,673
Total equity		332,284	318,924
Total liabilities and equity		$ 1,323,698	$ 1,344,798
[1]	Receivables from related parties were de minimus and $14,057 as of November 26, 2021 and August 27, 2021, respectively.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Aug. 27, 2021
Statement Of Financial Position [Abstract]
Ordinary shares, par value	$ 0.03	$ 0.03
Ordinary shares, authorized	200,000,000	200,000,000
Ordinary shares, issued	26,137,000	25,770,000
Ordinary shares, outstanding	24,684,000	24,368,000
Treasury shares	1,453,000	1,402,000
Receivables from related parties	de minimus
Receivables from related parties		$ 14,057

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Nov. 26, 2021	Nov. 27, 2020
Income Statement [Abstract]
Net sales	[1]	$ 469,944	$ 291,697
Cost of sales		347,743	239,053
Gross profit		122,201	52,644
Operating expenses:
Research and development		17,657	6,964
Selling, general and administrative		52,550	38,056
Change in fair value of contingent consideration		17,200
Total operating expenses		87,407	45,020
Operating income		34,794	7,624
Non-operating (income) expense:
Interest expense, net		5,106	3,154
Other non-operating (income) expense		1,235	(832)
Total non-operating (income) expense		6,341	2,322
Income before taxes		28,453	5,302
Income tax provision		7,755	3,275
Net income		20,698	2,027
Net income attributable to noncontrolling interest		671
Net income attributable to SGH		$ 20,027	$ 2,027
Earnings per share:
Basic		$ 0.82	$ 0.08
Diluted		$ 0.73	$ 0.08
Shares used in per share calculations:
Basic		24,506	24,561
Diluted		27,318	25,103
[1]	Sales to related parties were de minimus and $14,975 in the first quarters of 2022 and 2021, respectively.

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Income Statement [Abstract]
Sales to related parties		$ 14,975
Sales to related parties	de minimus

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 20,698	$ 2,027
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(19,440)	(16,523)
Comprehensive income (loss)	1,258	(14,496)
Comprehensive income attributable to noncontrolling interest	671
Comprehensive income (loss) attributable to SGH	$ 587	$ (14,496)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Ordinary shares	Additional Paid-in-capital	Retained Earnings	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Total SGH Shareholder's Equity	Non-controlling Interest in Subsidiary
Balances at Aug. 28, 2020	$ 282,104	$ 737	$ 348,163	$ 163,477	$ (2,032)	$ (228,241)	$ 282,104
Balances, Shares at Aug. 28, 2020		24,568
Net income	2,027			2,027			2,027
Other comprehensive income (loss)	(16,523)					(16,523)	(16,523)
Shares issued under equity plans	3,105	$ 14	3,091				3,105
Shares issued under equity plans, Shares		478
Repurchase of ordinary shares	(3,483)				(3,483)		(3,483)
Share-based compensation expense	11,088		11,088				11,088
Balances at Nov. 27, 2020	278,318	$ 751	362,342	165,504	(5,515)	(244,764)	278,318
Balances, Shares at Nov. 27, 2020		25,046
Balances at Aug. 27, 2021	318,924	$ 773	396,851	184,787	(50,545)	(221,615)	310,251	$ 8,673
Balances, Shares at Aug. 27, 2021		25,770
Net income	20,698			20,027			20,027	671
Other comprehensive income (loss)	(19,440)					(19,440)	(19,440)
Shares issued under equity plans	5,029	$ 11	5,018				5,029
Shares issued under equity plans, Shares		367
Repurchase of ordinary shares	(2,666)				(2,666)		(2,666)
Share-based compensation expense	9,739		9,739				9,739
Balances at Nov. 26, 2021	$ 332,284	$ 784	$ 411,608	$ 204,814	$ (53,211)	$ (241,055)	$ 322,940	$ 9,344
Balances, Shares at Nov. 26, 2021		26,137

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Cash flows from operating activities:
Net income	$ 20,698	$ 2,027
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense and amortization of intangible assets	15,813	8,367
Amortization of debt discounts and issuance costs	2,332	2,116
Share-based compensation expense	9,775	11,088
Change in fair value of contingent consideration	17,200
Amortization of operating lease right-of-use assets	2,548	1,413
Other	(192)	(14)
Changes in operating assets and liabilities:
Accounts receivable	(36,053)	(1,930)
Inventories	39,640	12,919
Other current assets	(932)	(9,277)
Accounts payable and accrued expenses	(53,751)	10,142
Operating lease liabilities	(2,141)	(1,504)
Deferred income taxes, net	209	222
Net cash provided by operating activities	15,146	35,569
Cash flows from investing activities:
Capital expenditures and deposits on equipment	(12,766)	(14,644)
Other	(611)	16
Net cash used for investing activities	(13,377)	(14,628)
Cash flows from financing activities:
Proceeds from borrowing under line of credit	60,000	19,500
Proceeds from issuance of ordinary shares	5,029	3,105
Repayments of borrowings under line of credit	(50,000)	(19,500)
Payments to acquire ordinary shares	(2,666)	(3,483)
Net cash provided by (used for) financing activities	12,363	(378)
Effect of changes in currency exchange rates on cash and cash equivalents	(4,068)	(7,277)
Net increase in cash and cash equivalents	10,064	13,286
Cash and cash equivalents at beginning of period	222,986	150,811
Cash and cash equivalents at end of period	$ 233,050	$ 164,097

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Nov. 26, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements include SGH and its consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended August 27, 2021. In the opinion of our management, the accompanying unaudited consolidated financial statements contain all necessary adjustments, consisting of a normal recurring nature, to fairly state the financial information set forth herein. These consolidated interim financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended August 27, 2021. Certain reclassifications have been made to prior period amounts to conform to current period presentation. Fiscal Year : Our fiscal year is the 52 or 53-week period ending on the last Friday in August. Fiscal 2022 and 2021 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. All financial information for our subsidiaries in Brazil is included in our consolidated financial statements on a one-month lag because their fiscal years end on July 31 of each year. Subsequent Event Share Dividend On January 3, 2022, our Board of Directors declared a share dividend of one ordinary share, $0.03 par value per share, for every one ordinary share owned. The share dividend will be payable to shareholders of record as of January 25, 2022, and will be paid on February 1, 2022. Ordinary shares and per share data in the accompanying consolidated financial statements and notes have not been adjusted for the impact of the share dividend. Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12 – Income Taxes: Simplifying the Accounting for Income Taxes In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments Recently Issued Accounting Standards In October 2021, the FASB issued ASU 2021-08 – Business Combinations: Accounting for Contract Asset and Contract Liabilities from Contracts with Customers Revenue from Contracts with Customers In August 2020, the FASB issued ASU 2020-06 – Debt – Debt with Conversion and Other Options and Derivatives and Hedging – Contracts in Entity’s Own Equity: Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Business Acquisition

Business Acquisition	3 Months Ended
	Nov. 26, 2021
Business Combinations [Abstract]
Business Acquisition	Business Acquisition LED Business On March 1, 2021, pursuant to the previously announced Asset Purchase Agreement dated October 18, 2020, as amended by the Amendment to Asset Purchase Agreement dated March 1, 2021 (as amended, the “CreeLED Purchase Agreement”), (i) we acquired the LED business of Cree, Inc., a corporation now known as Wolfspeed, Inc. (“Cree”), including (a) certain equipment, inventory, intellectual property rights, contracts and real estate comprising Cree’s LED products segment, (b) all of the issued and outstanding equity interests of Cree Huizhou Solid State Lighting Company Limited, a limited liability company organized under the laws of the People’s Republic of China and an indirect wholly owned subsidiary of Cree and (c) Cree’s 51% ownership interest in Cree Venture LED Company Limited (“Cree Joint Venture”), Cree’s joint venture with San’an Optoelectronics Co., Ltd. (“San’an”) and (ii) we assumed certain liabilities related to the LED business (collectively, (i) and (ii), the “LED Business”). In connection with the transaction, Cree retained certain assets used in and pre-closing liabilities associated with its LED products segment. Purchase Price : The purchase price for the LED Business consisted of (i) a payment of $50 million in cash, subject to customary adjustments, (ii) an unsecured promissory note issued to Cree by the Company in the amount of $125 million (“LED Purchase Price Note”), (iii) an earn-out payment of up to $125 million based on the revenue and gross profit performance of the LED Business in Cree’s first four full fiscal quarters following the closing (“Earnout Period”), with a minimum payment of $2.5 million, payable in the form of an unsecured promissory note to be issued by us (“Earnout Note”) and (iv) the assumption of certain liabilities. The LED Purchase Price Note bears interest at LIBOR plus 3.0% and is due on August 15, 2023. The Earnout Note will begin to bear interest upon completion of the Earnout Period at LIBOR plus 3.0% and is due on March 27, 2025. Contingent Consideration : The Earnout Note is accounted for as contingent consideration. The fair value of the Earnout Note was estimated as of the date of acquisition to be $28.1 million and was valued using a Monte Carlo simulation analysis in a risk-neutral framework with assumptions for volatility, market price of risk adjustment, risk-free rate and cost of debt. The fair value measurement was based on significant inputs not observable in the market The Earnout Note is revalued each quarter and changes in valuation are reflected in results of operations. In the second half of 2021, we recorded charges of $32.4 million to adjust the value of the Earnout Note to its fair value as of August 27, 2021, and in the first quarter of 2022, we recorded an additional charge of $17.2 million to adjust the value of the Earnout Note to its fair value as of November 26, 2021. The changes in fair value reflected new information about the probability and timing of meeting the conditions of the revenue and gross profit targets of the LED Business. As of November 26, 2021, the fair value of the Earnout Note was $77.7 million. Unaudited Pro Forma Financial Information : The following unaudited pro forma financial information presents our combined results of operations as if the acquisition of the LED Business had occurred on August 31, 2019. The unaudited pro forma financial information is based on various adjustments and assumptions and is not necessarily indicative of what our results of operations actually would have been had the acquisition been completed as of August 31, 2019 or will be for any future periods. Furthermore, the pro forma financial information does not include adjustments to reflect any potential revenue, synergies or dis-synergies or cost savings that may be achievable in connection with the acquisition, or the associated costs that may be necessary to achieve such revenues, synergies or cost savings. The unaudited pro forma financial information for the first quarter of 2021 combines our results of operations for the quarter ended November 27, 2020 and the results of operations of the LED Business for the quarter ended September 27, 2020. Three months ended November 27, 2020 Net sales $ 390,733 Net loss attributable to SGH (128,078 ) Earnings (loss) per share: Basic $ (5.21 ) Diluted $ (5.21 ) The unaudited pro forma financial information above reflects the following adjustments: • Incremental cost of sales related to the estimated fair value of inventories. • Incremental depreciation expense related to the estimated fair value of property and equipment. • Incremental amortization expense related to the estimated fair value of identifiable intangible assets. • Incremental interest expense related to the LED Purchase Price Note and the Earnout Note. • The impacts to income tax expense as a result of the pro forma adjustments.

Inventories

Inventories	3 Months Ended
	Nov. 26, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories As of November 26, 2021 August 27, 2021 Raw materials $ 157,849 $ 163,610 Work in process 66,805 92,901 Finished goods 93,197 107,090 $ 317,851 $ 363,601 As of November 26, 2021 and August 27, 2021, 10% and 11%, respectively, of total inventories were inventories owned and held under our supply chain services.

Property and Equipment

Property and Equipment	3 Months Ended
	Nov. 26, 2021
Property Plant And Equipment [Abstract]
Property and Equipment	Property and Equipment As of November 26, 2021 August 27, 2021 Equipment $ 176,902 $ 182,493 Buildings and building improvements 53,035 53,502 Furniture, fixtures and software 33,309 32,114 Land 16,126 16,126 279,372 284,235 Accumulated depreciation (130,475 ) (127,969 ) $ 148,897 $ 156,266 Depreciation expense for property and equipment was $9.5 million and $5.0 million in the first quarters of 2022 and 2021, respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Nov. 26, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill As of November 26, 2021 As of August 27, 2021 Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Technology $ 61,925 $ (11,540 ) $ 61,307 $ (9,142 ) Customer relationships 57,500 (24,854 ) 57,500 (22,393 ) Trademarks/tradenames 19,200 (7,414 ) 19,200 (6,628 ) Order backlog 3,400 (2,886 ) 3,800 (2,571 ) $ 142,025 $ (46,694 ) $ 141,807 $ (40,734 ) Goodwill by segment: Intelligent Platform Solutions $ 40,401 $ 40,401 Memory Solutions 32,086 33,854 $ 72,487 $ 74,255 In the first quarter of 2022, we capitalized $0.6 million for intangible assets with weighted-average useful lives of 8.23 years. Amortization expense for intangible assets was $6.3 million and $3.4 million in the first quarters of 2022 and 2021, respectively. Amortization expense is expected to be $17.6 million for the remainder of 2022, $21.9 million in 2023, $18.2 million in 2024, $15.4 million in 2025, $8.4 million in 2026 and $13.8 million thereafter. Goodwill of our Memory Solutions segment decreased by $1.8

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Nov. 26, 2021
Payables And Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses As of November 26, 2021 August 27, 2021 Accounts payable (1) $ 373,460 $ 429,640 Salaries, wages and benefits 30,633 37,795 Income and other taxes 19,296 14,319 Other 3,494 2,353 $ 426,883 $ 484,107 (1) Includes accounts payable for property and equipment of $3.6 million and $3.1 million as of November 26, 2021 and August 27, 2021, respectively.

Debt

Debt	3 Months Ended
	Nov. 26, 2021
Debt Disclosure [Abstract]
Debt	Debt As of November 26, 2021 August 27, 2021 Convertible Senior Notes $ 206,202 $ 203,992 LED Purchase Price Note 125,000 125,000 ABL Credit Agreement 35,000 25,000 Other 10,750 11,846 376,952 365,838 Less current debt (35,802 ) (25,354 ) Long-term debt $ 341,150 $ 340,484 Convertible Senior Notes In February 2020, we issued $250.0 million in aggregate principal amount of 2.25% convertible senior notes due 2026 (the “2026 Notes”). The 2026 Notes are general unsecured obligations, bear interest at an annual rate of 2.25% per year, payable semi-annually on February 15 and August 15, and mature on February 15, 2026, unless earlier converted, redeemed or repurchased. The 2026 Notes are governed by an indenture (the “Indenture”) between us and U.S. Bank National Association, as trustee. The initial conversion rate of the 2026 Notes is 24.6252 ordinary shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $40.61 per ordinary share. The conversion rate is subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture. Conversion Rights : Holders of the 2026 Notes may convert them under the following circumstances: i. during any fiscal quarter commencing after the fiscal quarter ended on May 28, 2020 (and only during such fiscal quarter) if the last reported sale price per ordinary share exceeds 130% of the conversion price for at least 20 trading days in the 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter; ii. during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the “Measurement Period”) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per ordinary share on such trading day and the conversion rate on such trading day; iii. on or after August 15, 2025 until the close of business on the second scheduled trading day immediately before the maturity date; iv. upon the occurrence of certain corporate events or distributions on our ordinary shares, as provided in the Indenture; or v. the 2026 Notes are called for redemption. Upon conversion, we will pay or deliver, as applicable, cash, ordinary shares or a combination of cash and ordinary shares at our election. Our intent is to settle in cash the principal amount of our convertible notes upon conversion and may, at our option, settle any excess of the conversion value over the principal amount in cash, ordinary shares or any combination thereof. The closing price of our ordinary shares exceeded 130% of the conversion price for our 2026 Notes for at least 20 trading days in the 30 consecutive trading days ended on November 26, 2021. As a result, the 2026 Notes are convertible by holders through February 25, 2022. If we receive a notice of conversion for our 2026 Notes, and we elect to settle in cash any portion of the conversion obligation, the cash settlement obligation becomes a derivative debt liability subject to mark-to-market accounting treatment based on the volume-weighted-average price of our ordinary shares over a period of 40 consecutive trading days, beginning two business days after the holder gives notice to convert. Accordingly, as of the date of our election to settle any part of a conversion in cash, we would reclassify all or a portion of the fair value of the equity component of the converted 2026 Notes from additional capital to derivative debt liability within current debt in our consolidated balance sheet. Other : Interest expense for the 2026 Notes consisted of 2.25% contractual stated interest of $1.4 million and $1.4 million in the first quarters of 2022 and 2021, respectively, and amortization of discount and issuance costs of $2.2 million and $2.1 million in the first quarters of 2022 and 2021, respectively, resulting in an effective interest rate of 7.06%. As of both November 26, 2021 and August 27, 2021, the carrying amount of the equity components of the 2026 Notes, which are included in additional paid-in-capital, was $50.8 million.

Leases

Leases	3 Months Ended
	Nov. 26, 2021
Leases [Abstract]
Leases	Leases As of November 26, 2021 and August 27, 2021, we had operating leases through which we utilize facilities, offices and equipment in our manufacturing operations, research and development activities and selling, general and administrative functions. Three months ended November 26, 2021 November 27, 2020 Fixed lease cost $ 3,303 $ 1,539 Variable lease cost 368 272 Short-term lease cost 76 58 $ 3,747 $ 1,869 Cash flows used for operating activities in the first quarters of 2022 and 2021 included payments for operating leases of $2.9 million and $1.6 million, respectively. Noncash acquisitions of right-of-use assets were not significant in the first quarters of 2022 and 2021. As of November 26, 2021 and August 27, 2021, the weighted-average remaining lease term for our operating leases was 6.0 years and 6.1 years, respectively. Certain of our operating leases include one or more options to extend the lease term for periods from two to five years. In determining the present value of our operating lease liabilities, we have assumed we will not extend any lease terms. As of November 26, 2021 and August 27, 2021, the weighted-average discount rate for our operating leases was 6.8% and 6.7%, respectively. Minimum payments of lease liabilities as of November 26, 2021 were as follows: Remainder of 2022 $ 9,679 2023 10,560 2024 7,249 2025 4,665 2026 3,584 2027 and thereafter 15,671 51,408 Less imputed interest (11,473 ) Present value of total lease liabilities $ 39,935 The table above excludes lease liabilities for leases that have been executed but not yet commenced. As of November 26, 2021, we had such lease commitments relating to operating lease payment obligations of $51.8 million for a building lease with a term of 16 years. We will recognize a right-of-use asset and an associated lease liability at the time such asset becomes available for our use. Such lease is currently expected to commence in the second half of calendar 2022.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 26, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies From time to time, we are involved in legal matters that arise in the normal course of business. Litigation in general, and intellectual property, employment and shareholder litigation in particular, can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict. Additionally, from time to time, we are a party in the normal course of business to a variety of agreements pursuant to which we may be obligated to indemnify another party. It is not possible to predict the maximum potential amount of future payments under these types of agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, our payments under these types of agreements have not had a material adverse effect on our business, results of operations or financial condition. We regularly review contingencies to determine whether the likelihood of loss has changed and to assess whether a reasonable estimate of the loss or range of loss can be made.

Equity

Equity	3 Months Ended
	Nov. 26, 2021
Equity [Abstract]
Equity	Equity SGH Shareholders’ Equity Ordinary Share Repurchases Ordinary shares withheld as payment of withholding taxes and exercise prices in connection with the vesting or exercise of equity awards are treated as ordinary share repurchases. An aggregate of 51 thousand and 139 thousand shares were acquired for $2.7 million and $3.5 million in the first quarters of 2022 and 2021, respectively. Noncontrolling Interest in Subsidiary In connection with our acquisition of the LED Business, we have a 51% ownership interest in the Cree Joint Venture. The remaining 49% ownership interest is held by San’an. The Cree Joint Venture has a five-member board of directors, three of which are designated by us and two of which are designated by San’an. As a result of our majority voting interest, we consolidate the operations of the Cree Joint Venture and report its results of operations within our LED Solutions segment. The Cree Joint Venture has a manufacturing agreement pursuant to which San’an supplies it with mid-power LED products and we and the Cree Joint Venture have a sales agent agreement pursuant to which we are the independent sales representative of the Cree Joint Venture. The Cree Joint Venture produces and delivers to market high performing, mid-power lighting class LEDs in an exclusive arrangement serving the expanding markets of North and South America, Europe and Japan, and serves China markets and the rest of the world on a non-exclusive basis. The 49% ownership interest held by San’an is classified as noncontrolling interest. Noncontrolling interest increased by $0.7 million in the first quarter of 2022 for San’an’s share of net income from the Cree Joint Venture. Cash and other assets of the Cree Joint Venture are generally not available for use by us in our other operations.

Government Incentives

Government Incentives	3 Months Ended
	Nov. 26, 2021
Receivables [Abstract]
Government Incentives	Government Incentives Brazil Financial Credits Through our Brazil subsidiaries, we participate in two programs (“Brazil Incentive Programs”), pursuant to which the Brazilian government incentivizes the manufacture and sale of certain information technology and consumer electronics products within Brazil. The programs include 1) Lei da Informática – Processo Produtivo Básico Program (aka Informatics Law – Basic Productive Process Program) (“PPB/IT”) and 2) Programa de Apoio ao Desenvolvimento Tecnológico da Indústria de Semicondutores (aka Program of Support of the Development of the Semiconductor Industry) (“PADIS”). The financial credits available through PADIS are currently set to expire in January 2022. The Brazil Incentive Programs provide for reduced import and other transaction-related taxes for certain procurement, manufacturing and sales activities. In exchange, we must invest in certain research and development activities related to semiconductors and displays in aggregate amounts that exceed a specified percentage of our gross revenues recognized in connection with sales in Brazil. Accordingly, financial credits earned in connection with the Brazil Incentive Programs are reflected as a reduction of research and development expense. Financial credits available under the Brazil Incentive Programs are subject to limitations, which range from approximately 11% to 14% of gross revenues recognized for sales in Brazil. Pursuant to the Brazil Incentive Programs, we recognized aggregate financial credits, reflected as a reduction of research and development expense, of $5.9 million and $7.9 million in the first quarters of 2022 and 2021, respectively. Financial credits earned under the Brazil Incentive Programs may be refunded in cash or used to offset liabilities for Brazil federal taxes. As of November 26, 2021 and August 27, 2021, earned but unused financial credits of $16.9 million and $19.8 million, respectively, were included in other current assets. Financial credits earned but unused as of November 26, 2021 can be utilized through November 2026.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 26, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Cash and cash equivalents as of November 26, 2021 and August 27, 2021 included money market funds of $2.8 million and $2.7 million, respectively, which were valued based on Level 1 measurements using quoted prices in active markets for identical assets. Fair value measurements of other assets and liabilities were as follows: As of November 26, 2021 As of August 27, 2021 Fair Value Carrying Value Fair Value Carrying Value Assets: Derivative financial instrument assets $ 1,528 $ 1,528 $ 883 $ 883 Liabilities: Derivative financial instrument liabilities $ — $ — $ 50 $ 50 Convertible Senior Notes 401,283 206,202 335,668 203,992 LED Purchase Price Note 125,000 125,000 125,000 125,000 ABL Credit Agreement 35,000 35,000 25,000 25,000 Debt – other 9,782 10,751 10,702 11,846 Acquisition-related contingent consideration 77,700 77,700 60,500 60,500 The fair values of our derivative financial instruments, as measured on a recurring basis, were based on Level 2 measurements, including market-based observable inputs of currency exchange spot and forward rates, interest rates and credit-risk spreads. The fair value of our Convertible Senior Notes (excluding the value of the equity component of our convertible notes), as measured on a non-recurring basis, was determined based on Level 2 measurements, including the trading price of the convertible notes. The fair values of our LED Purchase Price Note, ABL Credit Agreement and other debt, as measured on a non-recurring basis, were estimated based on Level 2 measurements, including discounted cash flows and interest rates based on similar debt issued by parties with credit ratings similar to ours. Acquisition-related contingent consideration relates to our acquisition of the LED Business and is included in other noncurrent liabilities. The fair value, as measured on a recurring basis, was based on Level 3 measurements, which includes significant inputs not observable in the market. The fair value was estimated using a Monte Carlo simulation analysis in a risk-neutral framework with assumptions for volatility, market price of risk adjustment, risk-free rate and cost of debt. Assumptions used in the determination of fair value also included estimates of future revenue and gross profit of the LED Business in Cree’s first four full fiscal quarters following the closing of the acquisition. Generally, changes in the assumptions for projected future revenue, gross profit and volatility would be accompanied by a directionally similar change in the fair value measurement. Conversely, changes in the discount rate would be accompanied by a directionally opposite change in the related fair value measurement. However, due to the contingent consideration having a maximum payout amount, changes in these assumptions would not affect the fair value of the contingent consideration if they increase (decrease) beyond certain amounts. Subsequent to the acquisition date, at each reporting date, the contingent consideration liability is remeasured to fair value with changes recorded in our results of operations. See “Business Acquisition – LED Business.”

Derivative Instruments

Derivative Instruments	3 Months Ended
	Nov. 26, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We use currency forward contracts to mitigate our exposure of certain monetary assets and liabilities from changes in currency exchange rates. Realized and unrealized gains and losses on derivative instruments without hedge accounting designation as well as the changes in the underlying monetary assets and liabilities from changes in currency exchange rates are included in other non-operating (income) expense. For derivative instruments without hedge accounting designation, in the first quarter of 2022, we recognized net realized gains of $3.9 million and net unrealized gains on the change in the fair value of the non-designated forward contracts of $0.8 million. In the first quarter of 2021, we recognized net realized gains of $2.4 million and net unrealized gains on the change in the fair value of the non-designated forward contracts of $2.9 million.

Equity Plans

Equity Plans	3 Months Ended
	Nov. 26, 2021
Compensation And Retirement Disclosure [Abstract]
Equity Plans	Equity Plans As of November 26, 2021, 4.3 million shares of our ordinary shares were available for future awards under our equity plans. Restricted Share Awards and Restricted Share Units Awards (“Restricted Awards”) Aggregate Restricted Award activity was as follows: Three months ended November 26, 2021 November 27, 2020 Awards granted 266 548 Weighted average grant-date fair value per share $ 56.04 $ 20.81 Aggregate vesting-date fair value of shares vested $ 11,956 $ 8,370 Restricted Awards include grants with service, performance and/or market conditions with restrictions that generally lapse after a three to four-year In May 2020, we granted a performance-based restricted share award that had both service and performance conditions. As of August 28, 2020, we deemed it was probable that the service condition would be met and the attainment of the performance condition for this award was probable. On October 20, 2020, we modified this award, as well as another time-based award, each for our former CEO, to accelerate the remaining service-based vesting requirements such that they became fully vested as of the acceleration date. These modifications resulted in additional share-based compensation expense in the first quarter of 2021 of $5.8 million. As of November 26, 2021, total unrecognized compensation costs for unvested Restricted Awards was $93.1 million, which was expected to be recognized over a weighted average period of 2.95 years. Share Options Share option activity and assumptions were as follows: Three months ended November 27, 2020 Share options granted 250 Weighted average grant-date fair value per share $ 13.30 Average expected term in years 6.25 Weighted-average expected volatility 52.07 % Weighted-average risk-free interest rate 0.49 % Expected dividend yield — As of November 26, 2021, total unrecognized compensation costs for unvested options was $5.3 million, which was expected to be recognized over a weighted average period of 1.96 years. Employee Share Purchase Plan Under our employee share purchase plan (“ESPP”), employees purchased 67 thousand ordinary shares for $3.0 Share-Based Compensation Expense Three months ended November 26, 2021 November 27, 2020 Share-based compensation expense by caption: Cost of sales $ 1,731 $ 838 Research and development 1,540 778 Selling, general and administrative 6,504 9,472 $ 9,775 $ 11,088 Income tax benefits related to the tax deductions for share-based awards are recognized only upon the settlement of the related share-based awards. Consistent with our treatment of income or loss from our U.S. operations, our income tax provision in the first quarters of 2022 and 2021 reflects de minimis income tax benefits for share-based compensation expense.

Revenue and Customer Contract B

Revenue and Customer Contract Balances	3 Months Ended
	Nov. 26, 2021
Revenue From Contract With Customer [Abstract]
Revenue and Customer Contract Balances	Revenue and Customer Contract Balances We disaggregate revenue by segment and geography and by product and service revenue. See “Segment and Other Information.” Net Sales and Gross Billings Net sales by products and services and gross amounts billed for services, including those services in which we act as an agent for our customers, were as follows: Three months ended November 26, 2021 November 27, 2020 Net sales: Products $ 456,425 $ 285,202 Services 13,519 6,495 $ 469,944 $ 291,697 Gross billings in connection with services: Services $ 13,519 $ 6,495 Cost of materials (1) 336,275 131,524 $ 349,794 $ 138,019 (1) Included in gross billings in connection with services are amounts billed to customers for the cost of materials procured in an agent capacity in connection with our procurement, logistics, inventory management, temporary warehousing, kitting and packaging services. While we take title to inventory under such arrangements, control of such inventory does not transfer to us as we do not, at any point, have the ability to direct the use, and thereby obtain the benefits of, the inventory. Customer Contract Balances As of November 26, 2021 August 27, 2021 Contract assets (1) $ 154 $ 4,247 Contract liabilities: (2) Deferred revenue $ 14,888 $ 19,271 Customer advances 15,952 15,835 $ 30,840 $ 35,106 (1) Contract assets are included in other current assets. (2) Contract liabilities are included in other current liabilities and noncurrent liabilities based on the timing of when our customer is expected to take control of the asset or receive the benefit of the service. Deferred revenue related to amounts received from customers in advance of satisfying performance obligations. As of November 26, 2021, we expect to recognize revenue of $10.5 14.9 5.8 As of November 26, 2021 and August 27, 2021, other current liabilities included $ 25.1

Other Non-operating (Income) Ex

Other Non-operating (Income) Expense	3 Months Ended
	Nov. 26, 2021
Nonoperating Income Expense [Abstract]
Other Non-operating (Income) Expense	Other Non-operating (Income) Expense Three months ended November 26, 2021 November 27, 2020 Foreign currency (gains) losses $ 1,467 $ (642 ) Other (232 ) (190 ) $ 1,235 $ (832 ) Foreign currency (gains) and losses relate primarily to our Brazil operating subsidiaries.

Income Taxes

Income Taxes	3 Months Ended
	Nov. 26, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Three months ended November 26, 2021 November 27, 2020 Income before income taxes $ 28,453 $ 5,302 Income tax provision $ 7,755 $ 3,275 Effective tax rate 27.3 % 61.8 % Income tax expense includes a provision for federal, state and foreign taxes based on the annual estimated effective tax rate applicable to us and our subsidiaries, adjusted for certain discrete items which are fully recognized in the period they occur. Accordingly, the interim effective tax rate may not be reflective of the annual estimated effective tax rate. Provision for income taxes for the three months ended November 26, 2021 increased by $4.5 million, as compared to the same period in the prior year, primarily due to an increase in the amount of earnings subject to non-U.S. tax. As of November 26, 2021 and August 27, 2021, we had a full valuation allowance for net deferred tax assets associated with our U.S. operations. The amount of the deferred tax asset considered realizable could be adjusted if significant positive evidence increases. Determining the consolidated provision for income tax expense, income tax liabilities and deferred tax assets and liabilities involves judgment. The Company calculates and provides for income taxes in each of the tax jurisdictions in which it operates, which involves estimating current tax exposures, as well as making judgments regarding the recoverability of deferred tax assets in each jurisdiction. The estimates used could differ from actual results, which may have a significant impact on operating results in future periods.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Nov. 26, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Three months ended November 26, 2021 November 27, 2020 Net income attributable to SGH – Basic and Diluted $ 20,027 $ 2,027 Weighted-average shares outstanding – Basic 24,506 24,561 Dilutive effect of equity plans and convertible notes 2,812 542 Weighted-average shares outstanding – Diluted 27,318 25,103 Earnings per share: Basic $ 0.82 $ 0.08 Diluted $ 0.73 $ 0.08 Below are potentially dilutive shares that were not included in the computation of diluted earnings per share because to do so would have been antidilutive: Three months ended November 26, 2021 November 27, 2020 Equity plans 143 1,497 We have the option to pay cash, issue shares or any combination thereof for the aggregate amount due upon any conversion of our 2026 Notes. It is our intent to settle the principal amount of the 2026 Notes in cash upon any conversion. As a result, only the amounts payable in excess of the principal amounts upon conversion of the 2026 Notes are considered in diluted earnings per share under the treasury stock method. As a result, the 2026 Notes would be dilutive when the average share price of the Company’s ordinary shares for a reporting period exceeds the conversion price of the 2026 Notes of $40.61 per share. See “Debt – Convertible Senior Notes.”

Segment and Other Information

Segment and Other Information	3 Months Ended
	Nov. 26, 2021
Segment Reporting [Abstract]
Segment and Other Information	Segment and Other Information Segment information presented below is consistent with how our chief operating decision maker evaluates operating results to make decisions about allocating resources and assessing performance. In the fourth quarter of 2021, we reorganized SGH into three business units: Memory Solutions, Intelligent Platforms Solutions and LED Solutions. Two of our previous segments, specialty memory products and Brazil products, have been combined to become Memory Solutions. Intelligent Platform Solutions was formerly referred to as specialty compute and storage solutions. All prior period information in the tables below has been revised to reflect the change to our three reportable segments. • Memory Solutions : Our Memory Solutions group provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. These specialty products are tailored to meet customer-specific requirements across networking and communications, enterprise storage, computing, including desktop, notebook and server applications, smartphones and other vertical markets. These products are marketed to OEMs and to commercial and government customers. The Memory Solutions group also offers SMART Supply Chain Services, which provides customized, integrated supply chain services to enable our customers to better manage supply chain planning and execution, reduce costs and increase productivity. • Intelligent Platform Solutions (“IPS”) : Our IPS group consists of Penguin Computing and Penguin Edge. Penguin Computing offers specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. We provide these leading-edge solutions to customers in the government, hyper-scale, energy, financial services and education markets. Penguin Edge encompasses the operations of SMART EC and SMART Wireless and offers solutions for embedded and wireless applications, specializing in high-reliability products for a wide range of customers in government, telecommunications, health care, smart city, network edge and industrial applications. • LED Solutions : Our LED Solutions group offers a broad portfolio of application-optimized LEDs focused on improving on lumen density, intensity, efficacy, optical control and reliability. Backed by expert design assistance and superior sales support, our LED products enable our customers to develop and market LED-based products for lighting, video screens and specialty lighting applications. Our LED Solutions is comprised of the LED Business we acquired from Cree, Inc. on March 1, 2021. Segments are determined based on sources of revenue, types of customers and operating performance. There are no differences between the accounting policies for our segment reporting and our consolidated results of operations. Operating expenses directly associated with the activities of a specific segment are charged to that segment. Certain other indirect operating income and expenses are generally allocated to segments based on their respective percentage of net sales. We do not allocate interest, other non-operating (income) expense or taxes to segments. Three months ended November 26, 2021 November 27, 2020 Net sales: Memory Solutions $ 239,401 $ 225,823 Intelligent Platform Solutions 118,654 65,874 LED Solutions 111,889 — Total net sales $ 469,944 $ 291,697 Segment operating income: Memory Solutions $ 36,670 $ 20,861 Intelligent Platform Solutions 14,180 2,881 LED Solutions 18,300 — Total segment operating income 69,150 23,742 Unallocated: Share-based compensation expense (9,775 ) (11,088 ) Amortization of acquisition-related intangibles (6,343 ) (3,413 ) Change in fair value of contingent consideration (17,200 ) — Other (1,038 ) (1,617 ) Total unallocated (34,356 ) (16,118 ) Consolidated operating income $ 34,794 $ 7,624

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Nov. 26, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include SGH and its consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America consistent in all material respects with those applied in our Annual Report on Form 10-K for the year ended August 27, 2021. In the opinion of our management, the accompanying unaudited consolidated financial statements contain all necessary adjustments, consisting of a normal recurring nature, to fairly state the financial information set forth herein. These consolidated interim financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended August 27, 2021. Certain reclassifications have been made to prior period amounts to conform to current period presentation. Fiscal Year : Our fiscal year is the 52 or 53-week period ending on the last Friday in August. Fiscal 2022 and 2021 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. All financial information for our subsidiaries in Brazil is included in our consolidated financial statements on a one-month lag because their fiscal years end on July 31 of each year.
Subsequent Event	Subsequent Event Share Dividend On January 3, 2022, our Board of Directors declared a share dividend of one ordinary share, $0.03 par value per share, for every one ordinary share owned. The share dividend will be payable to shareholders of record as of January 25, 2022, and will be paid on February 1, 2022. Ordinary shares and per share data in the accompanying consolidated financial statements and notes have not been adjusted for the impact of the share dividend.
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2019-12 – Income Taxes: Simplifying the Accounting for Income Taxes In June 2016, the FASB issued ASU 2016-13 – Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments Recently Issued Accounting Standards In October 2021, the FASB issued ASU 2021-08 – Business Combinations: Accounting for Contract Asset and Contract Liabilities from Contracts with Customers Revenue from Contracts with Customers In August 2020, the FASB issued ASU 2020-06 – Debt – Debt with Conversion and Other Options and Derivatives and Hedging – Contracts in Entity’s Own Equity: Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Business Acquisition (Tables)

Business Acquisition (Tables)	3 Months Ended
	Nov. 26, 2021
CreeLED Inc.
Summary of Unaudited Pro Forma Information	The unaudited pro forma financial information for the first quarter of 2021 combines our results of operations for the quarter ended November 27, 2020 and the results of operations of the LED Business for the quarter ended September 27, 2020. Three months ended November 27, 2020 Net sales $ 390,733 Net loss attributable to SGH (128,078 ) Earnings (loss) per share: Basic $ (5.21 ) Diluted $ (5.21 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 26, 2021
Inventory Disclosure [Abstract]
Schedule of Inventories	As of November 26, 2021 August 27, 2021 Raw materials $ 157,849 $ 163,610 Work in process 66,805 92,901 Finished goods 93,197 107,090 $ 317,851 $ 363,601

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Nov. 26, 2021
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	As of November 26, 2021 August 27, 2021 Equipment $ 176,902 $ 182,493 Buildings and building improvements 53,035 53,502 Furniture, fixtures and software 33,309 32,114 Land 16,126 16,126 279,372 284,235 Accumulated depreciation (130,475 ) (127,969 ) $ 148,897 $ 156,266

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Nov. 26, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill by Segment	As of November 26, 2021 As of August 27, 2021 Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Technology $ 61,925 $ (11,540 ) $ 61,307 $ (9,142 ) Customer relationships 57,500 (24,854 ) 57,500 (22,393 ) Trademarks/tradenames 19,200 (7,414 ) 19,200 (6,628 ) Order backlog 3,400 (2,886 ) 3,800 (2,571 ) $ 142,025 $ (46,694 ) $ 141,807 $ (40,734 ) Goodwill by segment: Intelligent Platform Solutions $ 40,401 $ 40,401 Memory Solutions 32,086 33,854 $ 72,487 $ 74,255

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Nov. 26, 2021
Payables And Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	As of November 26, 2021 August 27, 2021 Accounts payable (1) $ 373,460 $ 429,640 Salaries, wages and benefits 30,633 37,795 Income and other taxes 19,296 14,319 Other 3,494 2,353 $ 426,883 $ 484,107 (1) Includes accounts payable for property and equipment of $3.6 million and $3.1 million as of November 26, 2021 and August 27, 2021, respectively.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 26, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Debt	As of November 26, 2021 August 27, 2021 Convertible Senior Notes $ 206,202 $ 203,992 LED Purchase Price Note 125,000 125,000 ABL Credit Agreement 35,000 25,000 Other 10,750 11,846 376,952 365,838 Less current debt (35,802 ) (25,354 ) Long-term debt $ 341,150 $ 340,484

Leases (Tables)

Leases (Tables)	3 Months Ended
	Nov. 26, 2021
Leases [Abstract]
Summary of Components of Operating Lease Expense	The components of operating lease expense were as follows: Three months ended November 26, 2021 November 27, 2020 Fixed lease cost $ 3,303 $ 1,539 Variable lease cost 368 272 Short-term lease cost 76 58 $ 3,747 $ 1,869
Schedule of Minimum Payments of Lease Liabilities	Minimum payments of lease liabilities as of November 26, 2021 were as follows: Remainder of 2022 $ 9,679 2023 10,560 2024 7,249 2025 4,665 2026 3,584 2027 and thereafter 15,671 51,408 Less imputed interest (11,473 ) Present value of total lease liabilities $ 39,935

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 26, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Other Assets and Liabilities	Fair value measurements of other assets and liabilities were as follows: As of November 26, 2021 As of August 27, 2021 Fair Value Carrying Value Fair Value Carrying Value Assets: Derivative financial instrument assets $ 1,528 $ 1,528 $ 883 $ 883 Liabilities: Derivative financial instrument liabilities $ — $ — $ 50 $ 50 Convertible Senior Notes 401,283 206,202 335,668 203,992 LED Purchase Price Note 125,000 125,000 125,000 125,000 ABL Credit Agreement 35,000 35,000 25,000 25,000 Debt – other 9,782 10,751 10,702 11,846 Acquisition-related contingent consideration 77,700 77,700 60,500 60,500

Equity Plans (Tables)

Equity Plans (Tables)	3 Months Ended
	Nov. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Assumptions Used to Value Stock Options	Share option activity and assumptions were as follows: Three months ended November 27, 2020 Share options granted 250 Weighted average grant-date fair value per share $ 13.30 Average expected term in years 6.25 Weighted-average expected volatility 52.07 % Weighted-average risk-free interest rate 0.49 % Expected dividend yield —
Schedule of Share Based Compensation Expense Allocation	Three months ended November 26, 2021 November 27, 2020 Share-based compensation expense by caption: Cost of sales $ 1,731 $ 838 Research and development 1,540 778 Selling, general and administrative 6,504 9,472 $ 9,775 $ 11,088
Restricted Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Aggregate Restricted Award Activity and Assumptions	Aggregate Restricted Award activity was as follows: Three months ended November 26, 2021 November 27, 2020 Awards granted 266 548 Weighted average grant-date fair value per share $ 56.04 $ 20.81 Aggregate vesting-date fair value of shares vested $ 11,956 $ 8,370

Revenue and Customer Contract_2

Revenue and Customer Contract Balances (Tables)	3 Months Ended
	Nov. 26, 2021
Revenue From Contract With Customer [Abstract]
Summary of Net Sales by Products and Services and Gross Amounts Billed for Services	Net sales by products and services and gross amounts billed for services, including those services in which we act as an agent for our customers, were as follows: Three months ended November 26, 2021 November 27, 2020 Net sales: Products $ 456,425 $ 285,202 Services 13,519 6,495 $ 469,944 $ 291,697 Gross billings in connection with services: Services $ 13,519 $ 6,495 Cost of materials (1) 336,275 131,524 $ 349,794 $ 138,019 (1) Included in gross billings in connection with services are amounts billed to customers for the cost of materials procured in an agent capacity in connection with our procurement, logistics, inventory management, temporary warehousing, kitting and packaging services. While we take title to inventory under such arrangements, control of such inventory does not transfer to us as we do not, at any point, have the ability to direct the use, and thereby obtain the benefits of, the inventory.
Summary of Customer Contract Balances	As of November 26, 2021 August 27, 2021 Contract assets (1) $ 154 $ 4,247 Contract liabilities: (2) Deferred revenue $ 14,888 $ 19,271 Customer advances 15,952 15,835 $ 30,840 $ 35,106 (1) Contract assets are included in other current assets. (2) Contract liabilities are included in other current liabilities and noncurrent liabilities based on the timing of when our customer is expected to take control of the asset or receive the benefit of the service.

Other Non-operating (Income) _2

Other Non-operating (Income) Expense (Tables)	3 Months Ended
	Nov. 26, 2021
Nonoperating Income Expense [Abstract]
Schedule of Other Non-operating (Income) Expense	Three months ended November 26, 2021 November 27, 2020 Foreign currency (gains) losses $ 1,467 $ (642 ) Other (232 ) (190 ) $ 1,235 $ (832 )

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Nov. 26, 2021
Income Tax Disclosure [Abstract]
Schedule of Income before Income Taxes and Income Tax Provision	Three months ended November 26, 2021 November 27, 2020 Income before income taxes $ 28,453 $ 5,302 Income tax provision $ 7,755 $ 3,275 Effective tax rate 27.3 % 61.8 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Nov. 26, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Three months ended November 26, 2021 November 27, 2020 Net income attributable to SGH – Basic and Diluted $ 20,027 $ 2,027 Weighted-average shares outstanding – Basic 24,506 24,561 Dilutive effect of equity plans and convertible notes 2,812 542 Weighted-average shares outstanding – Diluted 27,318 25,103 Earnings per share: Basic $ 0.82 $ 0.08 Diluted $ 0.73 $ 0.08
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Below are potentially dilutive shares that were not included in the computation of diluted earnings per share because to do so would have been antidilutive: Three months ended November 26, 2021 November 27, 2020 Equity plans 143 1,497

Segment and Other Information (

Segment and Other Information (Tables)	3 Months Ended
	Nov. 26, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Segments are determined based on sources of revenue, types of customers and operating performance. There are no differences between the accounting policies for our segment reporting and our consolidated results of operations. Operating expenses directly associated with the activities of a specific segment are charged to that segment. Certain other indirect operating income and expenses are generally allocated to segments based on their respective percentage of net sales. We do not allocate interest, other non-operating (income) expense or taxes to segments. Three months ended November 26, 2021 November 27, 2020 Net sales: Memory Solutions $ 239,401 $ 225,823 Intelligent Platform Solutions 118,654 65,874 LED Solutions 111,889 — Total net sales $ 469,944 $ 291,697 Segment operating income: Memory Solutions $ 36,670 $ 20,861 Intelligent Platform Solutions 14,180 2,881 LED Solutions 18,300 — Total segment operating income 69,150 23,742 Unallocated: Share-based compensation expense (9,775 ) (11,088 ) Amortization of acquisition-related intangibles (6,343 ) (3,413 ) Change in fair value of contingent consideration (17,200 ) — Other (1,038 ) (1,617 ) Total unallocated (34,356 ) (16,118 ) Consolidated operating income $ 34,794 $ 7,624

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) - $ / shares	Jan. 03, 2022	Nov. 26, 2021	Aug. 27, 2021
Significant Accounting Policies [Line Items]
Ordinary shares, par value		$ 0.03	$ 0.03
Subsequent Event
Significant Accounting Policies [Line Items]
Dividends declared date	Jan. 3, 2022
Ordinary shares, par value	$ 0.03
Share dividend declared for each ordinary share owned	1
Dividends payable date of record	Jan. 25, 2022
Dividends payable date to be paid	Feb. 1, 2022

Business Acquisition - Addition

Business Acquisition - Additional Information (Details) - USD ($) $ in Thousands	Mar. 01, 2021	Nov. 26, 2021	Aug. 27, 2021
Business Acquisition [Line Items]
Change in fair value of contingent consideration		$ 17,200
Acquisition-related contingent consideration		77,700	$ 60,500
CreeLED Inc.
Business Acquisition [Line Items]
Date of acquisition	Oct. 18, 2020
Ownership interest	51.00%
Payments to acquire business, in cash	$ 50,000
Business combination, consideration transferred, equity interests issued and issuable	125,000
Business combination maximum earn out payment based on specific revenue achievement	125,000
Business combination, minimum earn out payable in unsecured promissory note	2,500
Estimated initial fair value of contingent consideration	$ 28,100
CreeLED Inc. | Purchase Price Note
Business Acquisition [Line Items]
Note maturity date	Aug. 15, 2023
CreeLED Inc. | Earnout Note
Business Acquisition [Line Items]
Note maturity date	Mar. 27, 2025
Change in fair value of contingent consideration		17,200	$ 32,400
Acquisition-related contingent consideration		$ 77,700
CreeLED Inc. | LIBOR | Purchase Price Note
Business Acquisition [Line Items]
Note interest rate	3.00%
CreeLED Inc. | LIBOR | Earnout Note
Business Acquisition [Line Items]
Note interest rate	3.00%

Business Acquisition - Summary

Business Acquisition - Summary of Unudited Pro Forma Information (Details) - CreeLED Inc. $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 27, 2020USD ($)$ / shares
Business Acquisition [Line Items]
Net sales | $	$ 390,733
Net loss attributable to SGH | $	$ (128,078)
Earnings (loss) per share:
Basic | $ / shares	$ (5.21)
Diluted | $ / shares	$ (5.21)

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Nov. 26, 2021	Aug. 27, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 157,849	$ 163,610
Work in process	66,805	92,901
Finished goods	93,197	107,090
Total inventories	$ 317,851	$ 363,601

Inventories - Additional Inform

Inventories - Additional Information (Details)	Nov. 26, 2021	Aug. 27, 2021
Inventory Disclosure [Abstract]
Percentage of inventories	10.00%	11.00%

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Nov. 26, 2021	Aug. 27, 2021
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 279,372	$ 284,235
Accumulated depreciation	(130,475)	(127,969)
Net property and equipment	148,897	156,266
Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	176,902	182,493
Building and Building Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	53,035	53,502
Furniture, Fixtures and Software
Property Plant And Equipment [Line Items]
Property and equipment, gross	33,309	32,114
Land
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 16,126	$ 16,126

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Property Plant And Equipment [Abstract]
Depreciation expense	$ 9.5	$ 5

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Schedule of Intangible Assets and Goodwill by Segment (Details) - USD ($) $ in Thousands	Nov. 26, 2021	Aug. 27, 2021
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	$ 142,025	$ 141,807
Intangible Assets, Accumulated Amortization	(46,694)	(40,734)
Goodwill by segment, Gross Amount	72,487	74,255
Intelligent Platform Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill by segment, Gross Amount	40,401	40,401
Memory Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill by segment, Gross Amount	32,086	33,854
Technology
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	61,925	61,307
Intangible Assets, Accumulated Amortization	(11,540)	(9,142)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	57,500	57,500
Intangible Assets, Accumulated Amortization	(24,854)	(22,393)
Trademarks/Tradenames
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	19,200	19,200
Intangible Assets, Accumulated Amortization	(7,414)	(6,628)
Order Backlog
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	3,400	3,800
Intangible Assets, Accumulated Amortization	$ (2,886)	$ (2,571)

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Nov. 26, 2021	Nov. 27, 2020	Aug. 27, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible assets	$ 0.6
Intangible assets estimated useful lives	8 years 2 months 23 days
Amortization of intangible assets	$ 6.3	$ 3.4
Finite-lived intangible assets, expected amortization for remainder of 2022	17.6
Finite-lived intangible assets, expected amortization for 2023	21.9
Finite-lived intangible assets, expected amortization for 2024	18.2
Finite-lived intangible assets, expected amortization for 2025	15.4
Finite-lived intangible assets, expected amortization for 2026	8.4
Finite-lived intangible assets, expected amortization, thereafter	13.8
Goodwill, increase (decrease)	$ (1.8)		$ 0.3

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands		Nov. 26, 2021	Aug. 27, 2021
Payables And Accruals [Abstract]
Accounts payable	[1]	$ 373,460	$ 429,640
Salaries, wages and benefits		30,633	37,795
Income and other taxes		19,296	14,319
Other		3,494	2,353
Total		$ 426,883	$ 484,107
[1]	Includes accounts payable for property and equipment of $3.6 million and $3.1 million as of November 26, 2021 and August 27, 2021, respectively.

Accounts Payable and Accrued _4

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Parenthetical) (Details) - USD ($) $ in Millions	Nov. 26, 2021	Aug. 27, 2021
Payables And Accruals [Abstract]
Accounts payable for property and equipment	$ 3.6	$ 3.1

Debt - Summary of Long-Term Deb

Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Nov. 26, 2021	Aug. 27, 2021
Debt Instrument [Line Items]
Debt	$ 376,952	$ 365,838
Less current debt	(35,802)	(25,354)
Long-term debt	341,150	340,484
Convertible Senior Notes
Debt Instrument [Line Items]
Debt	206,202	203,992
LED Purchase Price Note
Debt Instrument [Line Items]
Debt	125,000	125,000
ABL Credit Agreement
Debt Instrument [Line Items]
Debt	35,000	25,000
Other
Debt Instrument [Line Items]
Debt	$ 10,750	$ 11,846

Debt - Convertible Senior Notes

Debt - Convertible Senior Notes - Additional Information (Details)	1 Months Ended	3 Months Ended
	Feb. 28, 2020USD ($)TradingDayBusinessDay$ / shares	Nov. 26, 2021USD ($)	Nov. 27, 2020USD ($)	Aug. 27, 2021USD ($)
Debt Instrument [Line Items]
Amortization of debt discounts and issuance costs		$ 2,332,000	$ 2,116,000
2.25% Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Debt instrument, face amount	$ 250,000,000
Note interest rate	2.25%
Note maturity date	Feb. 15, 2026
Debt instrument, convertible, initial conversion rate in ordinary shares	24.6252
Debt instrument, convertible, principal amount considered for conversion rate	$ 1,000
Debt instrument, convertible, initial conversion price per ordinary share | $ / shares	$ 40.61
Debt instrument, convertible, terms of conversion feature		Conversion Rights: Holders of the 2026 Notes may convert them under the following circumstances: i. during any fiscal quarter commencing after the fiscal quarter ended on May 28, 2020 (and only during such fiscal quarter) if the last reported sale price per ordinary share exceeds 130% of the conversion price for at least 20 trading days in the 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter; ii. during the five consecutive business days immediately after any 10 consecutive trading day period (such 10 consecutive trading day period, the “Measurement Period”) in which the trading price per $1,000 principal amount of notes for each trading day of the Measurement Period was less than 98% of the product of the last reported sale price per ordinary share on such trading day and the conversion rate on such trading day; iii. on or after August 15, 2025 until the close of business on the second scheduled trading day immediately before the maturity date; iv. upon the occurrence of certain corporate events or distributions on our ordinary shares, as provided in the Indenture; or v. the 2026 Notes are called for redemption.
Debt instrument, convertible, threshold consecutive trading days | TradingDay	30
Debt instrument, convertible, threshold consecutive business days | BusinessDay	5
Debt instrument, convertible, measurement period for conversion option	10 days
Debt instrument, convertible by holders, conversion date	Feb. 25, 2022
Interest expense		$ 1,400,000	1,400,000
Amortization of debt discounts and issuance costs		$ 2,200,000	$ 2,100,000
Debt instrument, effective interest rate		7.06%
2.25% Convertible Senior Notes Due 2026 | Additional Paid-in-capital
Debt Instrument [Line Items]
Debt instrument, convertible, carrying amount of equity component		$ 50,800,000		$ 50,800,000
2.25% Convertible Senior Notes Due 2026 | Maximum
Debt Instrument [Line Items]
Debt instrument, convertible, product percentage of last reported sale price per ordinary share and conversion rate	98.00%
2.25% Convertible Senior Notes Due 2026 | Minimum
Debt Instrument [Line Items]
Debt instrument, convertible, threshold percentage of stock price trigger	130.00%
Debt instrument, convertible, threshold trading days | TradingDay	20

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020	Aug. 27, 2021
Lessee Lease Description [Line Items]
Operating lease description	As of November 26, 2021 and August 27, 2021, we had operating leases through which we utilize facilities, offices and equipment in our manufacturing operations, research and development activities and selling, general and administrative functions.
Operating lease payments	$ 2.9	$ 1.6
Weighted-average remaining lease term for operating leases	6 years		6 years 1 month 6 days
Weighted-average discount rate for operating leases	6.80%		6.70%
Operating lease, existence of option to extend [true false]	true
Lessee, operating lease, lease not yet commenced, description	As of November 26, 2021, we had such lease commitments relating to operating lease payment obligations of $51.8 million for a building lease with a term of 16 years. We will recognize a right-of-use asset and an associated lease liability at the time such asset becomes available for our use
Lessee, operating lease, lease not yet commenced, existence of option to extend [true false]	false
Office Leases
Lessee Lease Description [Line Items]
Operating lease term	16 years
Additional operating lease commitments	$ 51.8
Minimum
Lessee Lease Description [Line Items]
Operating lease term	2 years
Maximum
Lessee Lease Description [Line Items]
Operating lease term	5 years

Leases - Summary of Components

Leases - Summary of Components of Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Leases [Abstract]
Fixed lease cost	$ 3,303	$ 1,539
Variable lease cost	368	272
Short-term lease cost	76	58
Total lease cost	$ 3,747	$ 1,869

Leases - Schedule of Minimum Pa

Leases - Schedule of Minimum Payments of Lease Liabilities (Details) $ in Thousands	Nov. 26, 2021USD ($)
Leases [Abstract]
Remainder of 2022	$ 9,679
2023	10,560
2024	7,249
2025	4,665
2026	3,584
2027 and thereafter	15,671
Total	51,408
Less imputed interest	(11,473)
Present value of total lease liabilities	$ 39,935

Equity - Additional Information

Equity - Additional Information (Details) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 26, 2021USD ($)Directorshares	Nov. 27, 2020USD ($)shares
Class Of Stock [Line Items]
Shares acquired, value	$ 2,666	$ 3,483
Parent
Class Of Stock [Line Items]
Shares acquired, value	2,666	$ 3,483
LED Business
Class Of Stock [Line Items]
Acquisition of LED Business	$ 700
LED Business | Cree Joint Venture
Class Of Stock [Line Items]
Number of board of directors | Director	5
LED Business | Cree Joint Venture | Parent
Class Of Stock [Line Items]
Ownership interest percentage	51.00%
LED Business | San’an | Non-controlling Interest in Subsidiary
Class Of Stock [Line Items]
Ownership interest percentage	49.00%
Silver Lake Partners III Cayman (AIV III), L.P., Silver Lake Technology Investors III Cayman, L.P., Silver Lake Sumeru Fund Cayman, L.P. and Silver Lake Technology Investors Sumeru Cayman, L.P.
Class Of Stock [Line Items]
Shares acquired, shares | shares	51	139
Shares acquired, value	$ 2,700	$ 3,500

Government Incentives - Additio

Government Incentives - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Nov. 26, 2021USD ($)Program	Nov. 27, 2020USD ($)	Aug. 27, 2021USD ($)
Research & Development
Government Incentives [Line Items]
Financial credits	$ 5.9	$ 7.9
Other Current Assets
Government Incentives [Line Items]
Unused financial credits	$ 16.9		$ 19.8
Minimum
Government Incentives [Line Items]
Percentage of gross sales revenues	11.00%
Maximum
Government Incentives [Line Items]
Percentage of gross sales revenues	14.00%
Brazilian Operating Subsidiaries
Government Incentives [Line Items]
Number of incentive programs | Program	2

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	Nov. 26, 2021	Aug. 27, 2021
Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Money market funds	$ 2.8	$ 2.7

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurements of Other Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 26, 2021	Aug. 27, 2021
Liabilities:
Acquisition-related contingent consideration	$ 77,700	$ 60,500
Fair Value | Level 2
Assets:
Derivative financial instrument assets	1,528	883
Liabilities:
Derivative financial instrument liabilities		50
Fair Value | Level 2 | Convertible Senior Notes
Liabilities:
Convertible Senior Notes	401,283	335,668
Fair Value | Level 2 | LED Purchase Price Note
Liabilities:
Convertible Senior Notes	125,000	125,000
Fair Value | Level 2 | ABL Credit Agreement
Liabilities:
Convertible Senior Notes	35,000	25,000
Fair Value | Level 2 | Other
Liabilities:
Convertible Senior Notes	9,782	10,702
Fair Value | Level 3
Liabilities:
Acquisition-related contingent consideration	77,700	60,500
Carrying Value | Level 2
Assets:
Derivative financial instrument assets	1,528	883
Liabilities:
Derivative financial instrument liabilities		50
Carrying Value | Level 2 | Convertible Senior Notes
Liabilities:
Convertible Senior Notes	206,202	203,992
Carrying Value | Level 2 | LED Purchase Price Note
Liabilities:
Convertible Senior Notes	125,000	125,000
Carrying Value | Level 2 | ABL Credit Agreement
Liabilities:
Convertible Senior Notes	35,000	25,000
Carrying Value | Level 2 | Other
Liabilities:
Convertible Senior Notes	10,751	11,846
Carrying Value | Level 3
Liabilities:
Acquisition-related contingent consideration	$ 77,700	$ 60,500

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) - Forward Contracts - USD ($) $ in Millions	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Derivative Instruments Gain Loss [Line Items]
Net realized gains	$ 3.9	$ 2.4
Non-designated
Derivative Instruments Gain Loss [Line Items]
Net unrealized gains on change in fair value	$ 0.8	$ 2.9

Equity Plans - Additional Infor

Equity Plans - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Ordinary shares available for future awards	4,300
Unrecognized compensation costs related to awards	$ 5.3
Unrecognized compensation costs recognition period	1 year 11 months 15 days
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share issued under purchase plan | shares	67	87
Share issued under purchase plan	$ 3	$ 1.8
Restricted Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation costs related to awards	$ 93.1
Unrecognized compensation costs recognition period	2 years 11 months 12 days
Performance-based Restricted Share Award
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Additional share-based compensation expense		$ 5.8
Minimum | Restricted Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted awards, service period	3 years
Minimum | Restricted Awards with Market Conditions
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of number of shares that will vest	0.00%
Maximum | Restricted Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted awards, service period	4 years
Maximum | Restricted Awards with Market Conditions
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of number of shares that will vest	200.00%

Equity Plans - Summary of Aggre

Equity Plans - Summary of Aggregate Restricted Award Activity and Assumptions (Details) - Restricted Award Activity - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted	266	548
Weighted average grant-date fair value per share	$ 56.04	$ 20.81
Aggregate vesting-date fair value of shares vested	$ 11,956	$ 8,370

Equity Plans - Assumptions Used

Equity Plans - Assumptions Used to Value Stock Options (Details) shares in Thousands	3 Months Ended
	Nov. 27, 2020$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share options granted | shares	250
Weighted average grant-date fair value per share | $ / shares	$ 13.30
Average expected term in years	6 years 3 months
Weighted-average expected volatility	52.07%
Weighted-average risk-free interest rate	0.49%

Equity Plans - Summary of Share

Equity Plans - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 9,775	$ 11,088
Cost of Sales
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1,731	838
Research & Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1,540	778
Selling, General and Administrative Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 6,504	$ 9,472

Revenue and Customer Contract_3

Revenue and Customer Contract Balances - Summary of Net Sales by Products and Services and Gross Amounts Billed for Services (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 26, 2021	Nov. 27, 2020
Disaggregation Of Revenue [Line Items]
Net sales	[1]	$ 469,944	$ 291,697
Cost of materials		336,275	131,524
Gross billings in connection with services	[2]	349,794	138,019
Product
Disaggregation Of Revenue [Line Items]
Net sales		456,425	285,202
Service
Disaggregation Of Revenue [Line Items]
Net sales		$ 13,519	$ 6,495
[1]	Sales to related parties were de minimus and $14,975 in the first quarters of 2022 and 2021, respectively.
[2]	Included in gross billings in connection with services are amounts billed to customers for the cost of materials procured in an agent capacity in connection with our procurement, logistics, inventory management, temporary warehousing, kitting and packaging services. While we take title to inventory under such arrangements, control of such inventory does not transfer to us as we do not, at any point, have the ability to direct the use, and thereby obtain the benefits of, the inventory.

Revenue and Customer Contract_4

Revenue and Customer Contract Balances - Summary of Customer Contract Balances (Details) - USD ($) $ in Thousands		Nov. 26, 2021	Aug. 27, 2021
Revenue From Contract With Customer [Abstract]
Contract assets	[1]	$ 154	$ 4,247
Contract liabilities:
Deferred revenue	[2]	14,888	19,271
Customer advances	[2]	15,952	15,835
Contract liabilities	[2]	$ 30,840	$ 35,106
[1]	Contract assets are included in other current assets.
[2]	Contract liabilities are included in other current liabilities and noncurrent liabilities based on the timing of when our customer is expected to take control of the asset or receive the benefit of the service.

Revenue and Customer Contract_5

Revenue and Customer Contract Balances - Additional information (Details1) $ in Millions	Nov. 26, 2021USD ($)
Disaggregation Of Revenue [Line Items]
Expected revenue recognized on remaining performance obligations	$ 14.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-11-27
Disaggregation Of Revenue [Line Items]
Expected revenue recognized on remaining performance obligations	$ 10.5
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Revenue and Customer Contract_6

Revenue and Customer Contract Balances - Additional information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 26, 2021	Aug. 27, 2021
Disaggregation Of Revenue [Line Items]
Expected revenue recognized on remaining performance obligations	$ 14.9
Revenue recognized	5.8
Estimates of consideration payable to customers, including estimates for pricing adjustments and returns	25.1	$ 24.9
Customer Advances
Disaggregation Of Revenue [Line Items]
Revenue recognized	$ 1.3

Other Non-operating (Income) _3

Other Non-operating (Income) Expense - Schedule of Other Non-operating (Income) Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Nonoperating Income Expense [Abstract]
Foreign currency (gains) losses	$ 1,467	$ (642)
Other	(232)	(190)
Other non-operating (income) expense	$ 1,235	$ (832)

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income before Income Taxes and Income Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Income Tax Disclosure [Abstract]
Income before income taxes	$ 28,453	$ 5,302
Income tax provision	$ 7,755	$ 3,275
Effective tax rate	27.30%	61.80%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) $ in Millions	3 Months Ended
	Nov. 26, 2021USD ($)
Income Tax Disclosure [Abstract]
Increase (decrease) in provision for income taxes	$ 4.5

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Earnings Per Share [Abstract]
Net income attributable to SGH – Basic and Diluted	$ 20,027	$ 2,027
Weighted-average shares outstanding – Basic	24,506	24,561
Dilutive effect of equity plans and convertible notes	2,812	542
Weighted-average shares outstanding – Diluted	27,318	25,103
Earnings per share:
Basic	$ 0.82	$ 0.08
Diluted	$ 0.73	$ 0.08

Earnings Per Share - Schedule_2

Earnings Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Equity Plans
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	143	1,497

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	3 Months Ended
	Nov. 26, 2021$ / shares
Earnings Per Share [Abstract]
Dilutive impact of conversion price per share	$ 40.61

Segment and Other Information -

Segment and Other Information - Additional Information (Details) - segment	3 Months Ended
	Nov. 26, 2021	Nov. 27, 2020
Segment Reporting [Abstract]
Number of reportable segments	3	3

Segment and Other Information_2

Segment and Other Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Nov. 26, 2021	Nov. 27, 2020
Segment Reporting Information [Line Items]
Net sales	[1]	$ 469,944	$ 291,697
Operating income		34,794	7,624
Share-based compensation expense		(9,775)	(11,088)
Amortization of acquisition-related intangibles		(6,300)	(3,400)
Change in fair value of contingent consideration		(17,200)
Total unallocated		(87,407)	(45,020)
Unallocated
Segment Reporting Information [Line Items]
Share-based compensation expense		(9,775)	(11,088)
Amortization of acquisition-related intangibles		(6,343)	(3,413)
Change in fair value of contingent consideration		(17,200)
Other		(1,038)	(1,617)
Total unallocated		(34,356)	(16,118)
Operating Segments
Segment Reporting Information [Line Items]
Net sales		469,944	291,697
Operating income		69,150	23,742
Operating Segments | Memory Solutions
Segment Reporting Information [Line Items]
Net sales		239,401	225,823
Operating income		36,670	20,861
Operating Segments | Intelligent Platform Solutions
Segment Reporting Information [Line Items]
Net sales		118,654	65,874
Operating income		14,180	$ 2,881
Operating Segments | LED Solutions
Segment Reporting Information [Line Items]
Net sales		111,889
Operating income		$ 18,300
[1]	Sales to related parties were de minimus and $14,975 in the first quarters of 2022 and 2021, respectively.