Penguin Solutions (PENG) 10-Q 3 Jan 23 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Nov. 25, 2022	Dec. 20, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 25, 2022
Document Transition Report	false
Entity File Number	001-38102
Entity Registrant Name	SMART GLOBAL HOLDINGS, INC.
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1013909
Entity Address, Address Line One	c/o Walkers Corporate Limited
Entity Address, Address Line Two	190 Elgin Avenue
Entity Address, City or Town	George Town, Grand Cayman
Entity Address, Country	KY
Entity Address, Postal Zip Code	KY1-9008
City Area Code	510
Local Phone Number	623-1231
Title of 12(b) Security	Ordinary shares, $0.03 par value per share
Trading Symbol	SGH
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		49,204,417
Entity Central Index Key	0001616533
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Current Fiscal Year End Date	--08-25

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Assets
Cash and cash equivalents	$ 324,821	$ 363,065
Accounts receivable, net	306,323	410,323
Inventories	416,082	323,084
Other current assets	74,685	55,393
Total current assets	1,121,911	1,151,865
Property and equipment, net	165,033	153,935
Operating lease right-of-use assets	83,018	77,399
Intangible assets, net	193,337	77,812
Goodwill	199,691	74,009
Other noncurrent assets	44,670	37,044
Total assets	1,807,660	1,572,064
Liabilities and Equity
Accounts payable and accrued expenses	389,151	413,354
Current debt	28,435	12,025
Acquisition-related contingent consideration	24,500	0
Other current liabilities	109,721	90,161
Total current liabilities	551,807	515,540
Long-term debt	796,985	591,389
Noncurrent operating lease liabilities	76,950	71,754
Other noncurrent liabilities	22,531	14,835
Total liabilities	1,448,273	1,193,518
Commitments and contingencies
SMART Global Holdings shareholders’ equity:
Ordinary shares, $0.03 par value; authorized 200,000 shares; 53,940 shares issued and 49,339 outstanding as of November 25, 2022; 52,880 shares issued and 48,604 outstanding as of August 26, 2022	1,618	1,586
Additional paid-in capital	411,612	448,112
Retained earnings	274,975	251,344
Treasury shares, 4,601 and 4,276 shares held as of November 25, 2022 and August 26, 2022, respectively	(112,435)	(107,776)
Accumulated other comprehensive income (loss)	(223,650)	(221,655)
Total SGH shareholders’ equity	352,120	371,611
Noncontrolling interest in subsidiary	7,267	6,935
Total equity	359,387	378,546
Total liabilities and equity	$ 1,807,660	$ 1,572,064

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Nov. 25, 2022	Aug. 26, 2022
Statement of Financial Position [Abstract]
Ordinary shares, par value (in usd per share)	$ 0.03	$ 0.03
Ordinary shares, authorized (in shares)	200,000	200,000
Ordinary shares, issued (in shares)	53,940	52,880
Ordinary shares, outstanding (in shares)	49,339	48,604
Treasury shares (in shares)	4,601	4,276

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Total net sales	$ 465,478	$ 469,944
Total cost of sales	347,068	347,743
Gross profit	118,410	122,201
Operating expenses:
Research and development	24,056	17,657
Selling, general and administrative	71,022	52,550
Change in fair value of contingent consideration	3,700	17,200
Other operating (income) expense	2,041	0
Total operating expenses	100,819	87,407
Operating income	17,591	34,794
Non-operating (income) expense:
Interest expense, net	8,037	5,106
Other non-operating (income) expense	(660)	1,235
Total non-operating (income) expense	7,377	6,341
Income before taxes	10,214	28,453
Income tax provision	4,890	7,755
Net income	5,324	20,698
Net income attributable to noncontrolling interest	332	671
Net income attributable to SGH	$ 4,992	$ 20,027
Earnings per share:
Basic (in usd per share)	$ 0.10	$ 0.41
Diluted (in usd per share)	$ 0.10	$ 0.37
Shares used in per share calculations:
Basic (in shares)	48,962	49,011
Diluted (in shares)	49,791	54,635
Products
Total net sales	$ 390,189	$ 436,684
Total cost of sales	318,660	335,424
Services
Total net sales	75,289	33,260
Total cost of sales	$ 28,408	$ 12,319

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 5,324	$ 20,698
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment	(2,008)	(19,440)
Gains (losses) on derivative instruments	20	0
Gains (losses) on investments	(7)	0
Comprehensive income (loss)	3,329	1,258
Comprehensive income attributable to noncontrolling interest	332	671
Comprehensive income (loss) attributable to SGH	$ 2,997	$ 587

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Revision of Prior Period, Accounting Standards Update, Adjustment	Ordinary shares	Additional Paid-in Capital	Additional Paid-in Capital Revision of Prior Period, Accounting Standards Update, Adjustment	Retained Earnings	Retained Earnings Revision of Prior Period, Accounting Standards Update, Adjustment	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Total SGH Shareholders’ Equity	Total SGH Shareholders’ Equity Revision of Prior Period, Accounting Standards Update, Adjustment	Non- controlling Interest in Subsidiary
Common stock, beginning balance (in shares) at Aug. 27, 2021			50,138
Beginning balance at Aug. 27, 2021	$ 318,924		$ 1,504	$ 396,120		$ 184,787		$ (50,545)	$ (221,615)	$ 310,251		$ 8,673
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	20,698					20,027				20,027		671
Other comprehensive income (loss)	(19,440)								(19,440)	(19,440)
Shares issued under equity plans (in shares)			734
Shares issued under equity plans	5,029		$ 22	5,007						5,029
Repurchase of ordinary shares (in shares)			(51)
Repurchase of ordinary shares	(2,666)		$ (2)	2				(2,666)		(2,666)
Share-based compensation expense	9,739			9,739						9,739
Common stock, ending balance (in shares) at Nov. 26, 2021			50,821
Ending balance at Nov. 26, 2021	332,284		$ 1,524	410,868		204,814		(53,211)	(241,055)	322,940		9,344
Common stock, beginning balance (in shares) at Aug. 27, 2021			50,138
Beginning balance at Aug. 27, 2021	$ 318,924		$ 1,504	396,120		184,787		(50,545)	(221,615)	310,251		8,673
Common stock, ending balance (in shares) at Aug. 26, 2022	48,604		52,880
Ending balance at Aug. 26, 2022	$ 378,546	$ (32,183)	$ 1,586	448,112	$ (50,822)	251,344	$ 18,639	(107,776)	(221,655)	371,611	$ (32,183)	6,935
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06
Net income	$ 5,324					4,992				4,992		332
Other comprehensive income (loss)	(1,995)								(1,995)	(1,995)
Shares issued under equity plans (in shares)			1,060
Shares issued under equity plans	3,942		$ 32	3,910						3,942
Repurchase of ordinary shares	(4,659)							(4,659)		(4,659)
Share-based compensation expense	$ 10,412			10,412						10,412
Common stock, ending balance (in shares) at Nov. 25, 2022	49,339		53,940
Ending balance at Nov. 25, 2022	$ 359,387		$ 1,618	$ 411,612		$ 274,975		$ (112,435)	$ (223,650)	$ 352,120		$ 7,267

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 25, 2022	Nov. 26, 2021	Aug. 26, 2022
Cash flows from operating activities:
Net income	$ 5,324	$ 20,698
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation expense and amortization of intangible assets	19,789	15,813
Amortization of debt discount and issuance costs	1,069	2,332
Share-based compensation expense	10,412	9,775
Change in fair value of contingent consideration	3,700	17,200
Other	(448)	(192)
Changes in operating assets and liabilities:
Accounts receivable	129,695	(36,053)
Inventories	(82,882)	39,640
Other assets	(5,199)	1,616
Accounts payable and accrued expenses and other liabilities	(83,030)	(55,892)
Payment of acquisition-related contingent consideration	(73,724)	0
Deferred income taxes, net	1,309	209
Net cash provided by (used for) operating activities	(73,985)	15,146
Cash flows from investing activities:
Capital expenditures and deposits on equipment	(11,649)	(12,766)
Acquisition of business, net of cash acquired	(210,273)	0
Other	(1,721)	(611)
Net cash used for investing activities	(223,643)	(13,377)
Cash flows from financing activities:
Proceeds from debt	295,287	0
Proceeds from issuance of ordinary shares	3,942	5,029
Proceeds from borrowing under line of credit	0	60,000
Payment of acquisition-related contingent consideration	(28,100)	0
Payments to acquire ordinary shares	(4,659)	(2,666)
Repayments of debt	(4,489)	0
Repayments of borrowings under line of credit	0	(50,000)
Other	(2)	0
Net cash provided by financing activities	261,979	12,363
Effect of changes in currency exchange rates on cash, cash equivalents and restricted cash	205	(4,068)
Net increase (decrease) in cash, cash equivalents and restricted cash	(35,444)	10,064
Cash, cash equivalents and restricted cash at beginning of period	363,065	222,986	$ 222,986
Cash, cash equivalents and restricted cash at end of period	$ 327,621	$ 233,050	$ 363,065

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Nov. 25, 2022
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 (“GAAP”) consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended August 26, 2022 and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. 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 fiscal year ended August 26, 2022. 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 2023 and 2022 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. 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. Recently Adopted Accounting Standards In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 , which simplifies the accounting for convertible debt instruments by reducing the number of accounting models and the number of embedded conversion features that could be recognized separately from the primary contract. This ASU requires a convertible debt instrument to be accounted for as a single liability measured at its amortized cost, as long as no other features require bifurcation and recognition as derivatives. This ASU requires an entity to use the if-converted method in the diluted earnings per share calculation for convertible instruments. This ASU is effective for us in the first quarter of 2023 and permits the use of either the modified retrospective or fully retrospective method of transition. We adopted ASU 2020-06 in the first quarter of 2023 under the modified retrospective method. Upon adoption of ASU 2020-06, the previously separated equity component and associated issuance costs of our 2.25% convertible senior notes due 2026 were reclassified from additional paid-in capital to long-term debt, thereby eliminating future amortization of the debt discount as interest expense. The following table summarizes the effects of adopting ASU 2020-06: Ending Adoption of Beginning Long-term debt $ 591,389 $ 32,183 $ 623,572 Additional paid-in capital 448,112 (50,822) 397,290 Retained earnings 251,344 18,639 269,983 In October 2021, the FASB issued ASU 2021-08 – Business Combinations: Accounting for Contract Asset and Contract Liabilities from Contracts with Customers , to require that an acquirer recognize and measure contract assets and liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers . We adopted ASU 2021-08 in the third quarter of 2022 for any acquisitions occurring after our adoption.

Business Acquisition

Business Acquisition	3 Months Ended
	Nov. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Business Acquisition	Business Acquisition Stratus Technologies On August 29, 2022 (the “Acquisition Date”), we completed our previously announced acquisition of Storm Private Holdings I Ltd., a Cayman Islands exempted company (“Stratus Holding Company” and together with its subsidiaries, “Stratus Technologies”), pursuant to the terms of that certain Share Purchase Agreement (the “Purchase Agreement”), dated as of June 28, 2022, by and among SGH, Stratus Holding Company and Storm Private Investments LP, a Cayman Islands exempted limited partnership (“Seller”). Pursuant to the Purchase Agreement, among other matters, Seller sold to SGH, and SGH purchased from Seller, all of Seller’s right, title and interest in and to the outstanding equity securities of Stratus Holding Company (the “Share Purchase”). Stratus will operate as part of SGH’s Intelligent Platform Solutions (“IPS”) segment. Stratus Technologies is a global leader in simplified, protected, and autonomous computing platforms and services in the data center and at the Edge. For more than 40 years, Stratus Technologies has provided high-availability, fault-tolerant computing to Fortune 500 companies and small-to-medium sized businesses enabling them to securely and remotely run critical applications with minimal downtime. The acquisition of Stratus Technologies further enhances SGH’s growth and diversification strategy and complements and expands SGH’s IPS business in data center and edge environments. Purchase Price : At the closing of the transaction, we paid the seller a cash purchase price of $225 million, subject to certain adjustments. In addition, the Seller has the right to receive, and we will be obligated to pay, contingent consideration (if any) of up to $50 million (the “Earnout”) based on the gross profit performance of Stratus Technologies during the first full 12 fiscal months following the closing. The Earnout, if any, will be payable in cash, ordinary shares of SGH or a mix of cash and SGH Shares, at our election. See “Equity – SGH Shareholders’ Equity – Stratus Technologies Earnout.” Cash paid was utilized, in part, to settle the outstanding debt of Stratus Technologies as of the closing of the transaction and was recognized as a component of consideration transferred. As a result, the assets acquired and liabilities assumed do not include an assumed liability for the outstanding debt of Stratus Technologies. The provisional purchase price was as follows: Cash $ 225,000 Additional payment for net working capital adjustment (1) 17,246 Fair value of Earnout 20,800 $ 263,046 (1) Includes $14.4 million paid at closing and an estimated $2.8 million payable subsequent to the end of the first quarter of 2023 upon completion of the review of the working capital assets acquired and liabilities assumed. Contingent Consideration : The Earnout was accounted for as contingent consideration. As of the Acquisition Date, the fair value of the Earnout was estimated to be $20.8 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, including forecasted gross profit, comparable company volatility, discount rate and cost of debt. The fair value of the Earnout was estimated based on the Company’s evaluation of the probability and amount of Earnout to be achieved based on the expected gross profit of Stratus Technologies. A Monte Carlo simulation model was used to estimate the Earnout payment, which was discounted to its present value based on the expected payment date of the Earnout. The model used an estimated gross profit volatility of 33.4% and a discount rate of 7.3% as of the Acquisition Date. The Earnout is revalued each quarter and any change in valuation is reflected in our results of operations. During the first quarter of fiscal 2023, we adjusted the fair value of the Earnout to its current fair value with such change recognized in income from operations. The change in fair value reflected new information about the estimate of the gross profit of Stratus Technologies during the first full 12 fiscal months following the closing. As of November 25, 2022, the fair value of the Earnout was $24.5 million. Provisional Valuation : We estimated the provisional fair value of the assets and liabilities of Stratus Technologies as of the Acquisition Date. Due to the timing of acquisition and the contractual provisions to review the net working capital of the acquired Stratus Technologies business, the estimated purchase price has been allocated to the assets acquired and liabilities assumed based on preliminary valuation analyses. These preliminary values may change in future reporting periods as additional information becomes available and upon finalization of the net working capital adjustment. The provisional valuation of the Stratus Technologies assets acquired and liabilities assumed are as follows: Cash and cash equivalents $ 29,174 Accounts receivable 26,685 Inventories 10,890 Other current assets 6,536 Property and equipment 7,292 Operating lease right-of-use assets 9,216 Intangible assets 123,700 Goodwill 125,929 Other noncurrent assets 11,661 Accounts payable and accrued expenses (32,656) Other current liabilities (36,723) Noncurrent operating lease liabilities (7,067) Other noncurrent liabilities (11,591) Total net assets acquired $ 263,046 The goodwill arising from the acquisition of Stratus Technologies was assigned to our IPS segment. None of the goodwill recognized is expected to be deductible for income tax purposes. The preliminary estimated fair values and useful lives of identifiable intangible assets are as follows: Amount Estimated useful life (in years) Technology $ 82,000 5 Customer relationships 27,800 8 Trademarks/trade names 10,000 9 In-process research and development 3,900 N/A $ 123,700 • Technology intangible assets were valued using the multi-period excess earnings method based on the discounted cash flow and technology obsolescence rate. Discounted cash flow requires the use of significant unobservable inputs, including projected revenue, expenses, capital expenditures and other costs, and discount rates calculated based on the cost of equity adjusted for various risks, including the size of the acquiree, industry risk and other risk factors. • Customer relationship intangible assets were valued using the multi-period excess earnings method, which is the present value of the projected cash flows that are expected to be generated by the existing intangible assets after reduction by an estimated fair rate of return on contributory assets required to generate the customer relationship revenues. Key assumptions included discounted cash flow, estimated life cycle and customer attrition rates. • Trademark/trade name intangible assets were valued using the relief from royalty method, which is the discounted cash flow savings accruing to the owner by virtue of the fact that the owner is not required to license the trademarks/trade names from a third party. Key assumptions included attributable revenue expected from the trademarks/trade names, royalty rates and assumed asset life. • In-process research and development (“IPR&D”) relates to next generation fault tolerant architecture. IPR&D is indefinite-lived and will be reviewed for impairment at least annually. Amortization will commence upon completion of research and development efforts. IPR&D was valued based on discounted cash flow, which requires the use of significant unobservable inputs, including projected revenue, expenses, capital expenditures and other costs. Unaudited Pro Forma Financial Information : The following unaudited pro forma financial information presents SGH’s combined results of operations as if the acquisition of Stratus Technologies had occurred on August 27, 2021. The unaudited pro forma financial information is based on various adjustments and assumptions and is not necessarily indicative of what SGH’s results of operations actually would have been had the acquisition been completed as of August 27, 2021 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 following unaudited pro forma financial information for the three months ended November 26, 2021 combines the historical results of operations of SGH for the three months ended November 26, 2021 and the historical results of operations of Stratus Technologies for the three months ended August 29, 2021: Three months ended November 26, Net sales $ 507,830 Net income attributable to SGH 5,180 Earnings per share: Basic $ 0.11 Diluted $ 0.09 Acquisition-related transaction expenses are included within selling, general and administrative expenses and were $4.8 million in the first quarter of fiscal 2023. For the period from the August 29, 2022 acquisition date to November 25, 2022, net sales for Stratus Technologies were $45.2 million and net loss was $3.2 million, excluding any charges recognized to adjust the Earnout to its fair value.

Inventories

Inventories	3 Months Ended
	Nov. 25, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories As of November 25, August 26, Raw materials $ 179,520 $ 150,913 Work in process 78,048 38,624 Finished goods 158,514 133,547 $ 416,082 $ 323,084 As of November 25, 2022 and August 26, 2022, 9% and 6%, respectively, of total inventories were inventories owned and held under our logistics services.

Property and Equipment

Property and Equipment	3 Months Ended
	Nov. 25, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment As of November 25, August 26, Equipment $ 215,539 $ 204,805 Buildings and building improvements 63,341 59,047 Furniture, fixtures and software 40,879 38,715 Land 16,126 16,126 335,885 318,693 Accumulated depreciation (170,852) (164,758) $ 165,033 $ 153,935 Depreciation expense for property and equipment was $8.9 million and $9.5 million in the first quarters of 2023 and 2022, respectively. Change in Accounting Estimate : During the first quarter of 2023, we completed an assessment of the estimated useful lives of our manufacturing equipment. Based on that assessment, we revised the estimated useful lives from five years to eight years as of the beginning of the first quarter of 2023. The change reduced our non-cash depreciation expense for the first

Intangible Assets and Goodwill

Intangible Assets and Goodwill	3 Months Ended
	Nov. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill As of November 25, 2022 As of August 26, 2022 Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Technology $ 150,475 $ (25,236) $ 61,594 $ (18,473) Customer relationships 85,300 (35,568) 57,500 (32,238) Trademarks/trade names 29,200 (10,834) 19,200 (9,771) $ 264,975 $ (71,638) $ 138,294 $ (60,482) Goodwill by segment: Intelligent Platform Solutions $ 166,329 $ 40,401 Memory Solutions 33,362 33,608 $ 199,691 $ 74,009 In the first quarters of 2023 and 2022, we capitalized $126.4 million (primarily in connection with our acquisition of Stratus Technologies) and $0.6 million, respectively, for intangible assets with weighted-average useful lives of 6.0 years and 8.2 years, respectively. Amortization expense for intangible assets was $10.9 million and $6.4 million in the first quarters of 2023 and 2022, respectively. Amortization expense is expected to be $33.4 million for the remainder of 2023, $40.5 million for 2024, $38.0 million for 2025, $31.2 million for 2026, $30.1 million for 2027 and $20.2 million for 2028 and thereafter. Goodwill of our IPS segment increased by $125.9 million in the first quarter of 2023 due to the acquisition of Stratus Technologies. Goodwill of our Memory Solutions segment decreased by $0.2 million in the first quarter of 2023 and decreased in all of 2022 by $0.2 million from translation adjustments.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Nov. 25, 2022
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses As of November 25, August 26, Accounts payable (1) $ 325,435 $ 345,063 Salaries, wages and benefits 36,420 45,189 Income and other taxes 21,267 17,961 Other 6,029 5,141 $ 389,151 $ 413,354 (1) Includes accounts payable for property and equipment of $4.4 million and $3.5 million as of November 25, 2022 and August 26, 2022, respectively.

Debt

Debt	3 Months Ended
	Nov. 25, 2022
Debt Disclosure [Abstract]
Debt	Debt As of November 25, August 26, Amended 2027 TLA $ 561,487 $ 269,304 2026 Notes 245,543 213,023 LED Earnout Note — 101,824 Other 18,390 19,263 825,420 603,414 Less current debt (28,435) (12,025) Long-term debt $ 796,985 $ 591,389 Credit Facility On February 7, 2022, SGH and SMART Modular Technologies, Inc. (collectively, the “Borrowers”) entered into a credit agreement (the “Original Credit Agreement”) with a syndicate of banks that provides for (i) a term loan credit facility in an aggregate principal amount of $275.0 million (the “2027 TLA”) and (ii) a revolving credit facility in an aggregate principal amount of $250.0 million (the “2027 Revolver” and together with the 2027 TLA, the “Original Credit Facility”), in each case, maturing on February 7, 2027 (subject to certain earlier “springing maturity” dates upon certain conditions specified in the Original Credit Agreement). The Original Credit Agreement provides that up to $35.0 million of the 2027 Revolver is available for issuances of letters of credit. Incremental Amendment : On August 29, 2022, the Borrowers entered into the First Amendment (the “Amended Credit Agreement”) with and among the lenders party thereto and Citizens Bank, N.A., as Administrative Agent (the “Incremental Amendment”). The Incremental Amendment amends the Original Credit Agreement and (i) provides for incremental term loans under the Amended Credit Agreement in an aggregate amount of $300.0 million (the “Incremental Term Loans” and together with the 2027 TLA, the “Amended 2027 TLA”) which Incremental Term Loans are on the same terms as the term loans incurred under the Original Credit Agreement, (ii) increases the maximum First Lien Leverage Ratio (as defined in the Amended Credit Agreement) financial covenant from 3.00:1.00 to 3.25:1.00 and (iii) increases the aggregate amount of unrestricted cash and permitted investments netted from the definitions of Consolidated First Lien Debt and Consolidated Net Debt under the Amended Credit Agreement from $100 million to $125 million. Substantially simultaneously with entering into the Incremental Amendment, the Borrowers applied a portion of the proceeds of the Incremental Term Loans to (i) finance a portion of the purchase price for the acquisition of Stratus Technologies and (ii) prepay in full the $101.8 million outstanding under the LED Earnout Note. In connection with our prepayment of the LED Earnout Note, we recognized a gain of $0.8 million, which is included in other non-operating (income) expense in the accompanying statement of operations. Other : As of November 25, 2022, there was $569.7 million of principal amount outstanding under the Amended 2027 TLA, unamortized issuance costs were $8.2 million and the effective interest rate was 6.35%. As of November 25, 2022, there were no amounts outstanding under the 2027 Revolver. 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. After the effect of the share dividend paid in the second quarter of 2022, the conversion rate of the 2026 Notes is 49.2504 ordinary shares per $1,000 principal amount of notes, which represents a conversion price of approximately $20.30 per ordinary share. The conversion rate is subject to adjustment upon the occurrence of certain specified events as set forth in the Indenture. First Supplemental Indenture to Indenture Governing the 2026 Notes : On August 26, 2022, SGH entered into the First Supplemental Indenture (the “First Supplemental Indenture”) to the Indenture governing the 2026 Notes. The First Supplemental Indenture became effective on August 27, 2022. Pursuant to the First Supplemental Indenture, SGH irrevocably elected (i) to eliminate SGH’s option to elect Physical Settlement (as defined in the Indenture) on any conversion of the 2026 Notes that occurs on or after the date of the First Supplemental Indenture and (ii) with respect to any Combination Settlement (as defined in the Indenture) for a conversion of the 2026 Notes, the Specified Dollar Amount (as defined in the Indenture) that will be settled in cash per $1,000 principal amount of the 2026 Notes shall be no lower than $1,000. As a result of our election, upon any conversion of the 2026 Notes, we will be required to pay cash in an amount at least equal to the principal portion while continuing to have the option to settle any amount in excess of the principal portion in cash and/or ordinary shares. Following the irrevocable election, only the amounts expected to be settled in excess of the principal portion are considered in calculating diluted earnings per share under the if-converted method. Other : Unamortized debt discount and issuance costs are amortized over the term of the 2026 Notes using the effective interest method. As of November 25, 2022 and August 26, 2022, the effective interest rate was 2.83% and 7.06%, respectively. Interest expense for the 2026 Notes consisted of the 2.25% contractual stated interest and amortization of issuance costs and, for the first quarter of 2022, amortization of discount: Three Months Ended November 25, November 26, Contractual stated interest $ 1,391 $ 1,391 Amortization of discount and issuance costs 337 2,210 $ 1,728 $ 3,601 As of August 26, 2022, the carrying amount of the equity components of the 2026 Notes, which was included in additional paid-in-capital, was $50.8 million. As of the beginning of the first quarter of 2023, we adopted ASU 2020-06. In connection therewith, we reclassified $32.2 million from additional paid-in-capital to long-term debt and $18.6 million from additional paid-in-capital to retained earnings. See “Recently Adopted Accounting Standards.”

Leases

Leases	3 Months Ended
	Nov. 25, 2022
Leases [Abstract]
Leases	Leases As of November 25, 2022 and August 26, 2022, 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. Sublease income was not significant in any period presented. The components of operating lease expense were as follows: Three months ended November 25, November 26, Fixed lease cost $ 5,096 $ 3,303 Variable lease cost 384 368 Short-term lease cost 499 76 $ 5,979 $ 3,747 Cash flows used for operating activities in the first quarters of 2023 and 2022 included payments for operating leases of $2.8 million and $2.9 million, respectively. Acquisitions of right-of-use assets were $9.4 million in the first quarter of 2023, primarily due to the acquisition of Stratus Technologies, and were not significant in the first quarter of 2022. As of November 25, 2022 and August 26, 2022, the weighted-average remaining lease term for our operating leases was 10.3 years and 10.9 years, respectively. Certain of our operating leases include one or more options to extend the lease term for periods from two Minimum payments of operating lease liabilities as of November 25, 2022 were as follows: Remainder of 2023 $ 9,708 2024 14,274 2025 12,186 2026 10,841 2027 8,629 2028 and thereafter 65,971 121,609 Less imputed interest (34,637) Present value of total lease liabilities $ 86,972

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 25, 2022
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. 25, 2022
Equity [Abstract]
Equity	Equity SGH Shareholders’ Equity 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 outstanding ordinary share owned to shareholders of record as of January 25, 2022. The dividend was paid on February 1, 2022. The accompanying consolidated financial statements and notes have been restated and adjusted for the impact of the share dividend. Share Repurchase Authorization On April 4, 2022, our Board of Directors approved a $75 million share repurchase authorization, under which we may repurchase our outstanding ordinary shares from time to time through open market purchases, privately-negotiated transactions or otherwise. The share repurchase authorization has no expiration date but may be suspended or terminated by the Board of Directors at any time. In the first quarter of 2023 and in 2022, we repurchased 0.2 million and 2.6 million shares, respectively, for $2.8 million and $50.0 million, respectively, under the repurchase authorization. Other 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. We repurchased 144 thousand and 51 thousand ordinary shares as payment of withholding taxes for $1.9 million and $2.7 million in the first quarters of 2023 and 2022, respectively. Stratus Technologies Earnout In connection with our acquisition of Status Technologies, the Seller has the right to receive an Earnout of up to $50.0 million based on the gross profit performance of Stratus Technologies during the first full 12 fiscal months following the closing. The Earnout, if any, will be payable in cash, ordinary shares of SGH or a mix of cash and SGH shares, at SGH’s election. At the time of settlement of the Earnout, SGH may elect to pay any portion in SGH shares and, if so, the number of SGH shares issued will be determined based on the volume -weighted average price per SGH share for the 30 consecutive trading days ending on and including the trading day immediately preceding the date of payment of the Earnout (subject to equitable adjustment in the event of certain changes to SGH shares occurring during such 30 consecutive trading days). Shares issuable pursuant to the Earnout are contingently issuable shares and are considered in the computation of diluted earnings per share if dilutive. The number of contingently issuable shares included in diluted earnings per share is the number of shares, if any, that would be issuable at the time of settlement based on the assumption that the current fair value of the Earnout remains unchanged until the end of the earnout period. As of November 25, 2022, based on the fair value of the Earnout, the contingently issuable shares were anti-dilutive. Accumulated Other Comprehensive Income (Loss) Changes in accumulated other comprehensive income (loss) by component for the three months ended November 25, 2022 were as follows: Cumulative Translation Adjustment Gains (Losses) on Derivative Instruments Gains (Losses) on Investments Total As of August 26, 2022 $ (221,655) $ — $ — $ (221,655) Other comprehensive income (loss) before reclassifications (2,008) 191 (7) (1,824) Reclassifications out of accumulated other comprehensive income — (171) — (171) Other comprehensive income (loss) (2,008) 20 (7) (1,995) As of November 25, 2022 $ (223,663) $ 20 $ (7) $ (223,650) Noncontrolling Interest in Subsidiary Noncontrolling interest increased by $0.3 million and $0.7 million in the first quarters of 2023 and 2022, respectively, for San’an’s 49% 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. 25, 2022
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 (also known as Informatics Law – Basic Productive Process Program) (“IT Law/PPB”) and 2) Programa de Apoio ao Desenvolvimento Tecnológico da Indústria de Semicondutores (also known as Program of Support of the Development of the Semiconductor Industry) (“PADIS”). In January 2022, the Brazilian government approved an extension to PADIS. The financial credits available through PADIS are set to expire in December 2026, while the financial credits through IT Law/PPB are set to expire in December 2029. 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 IT solutions in aggregate amounts that minimally meet or exceed a specified percentage of our gross revenues recognized in connection with sales in Brazil, excluding exports and sales to customers located at the Manaus Free Trade Zone. 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 $2.6 million and $5.9 million in the first quarters of 2023 and 2022, respectively. Financial

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Nov. 25, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Cash and cash equivalents as of November 25, 2022 and August 26, 2022 included money market funds of $64.2 million and $13.8 million, respectively, which were valued based on Level 1 measurements using quoted prices in active markets for identical assets. Restricted cash is included in other current assets As of November 25, 2022 As of August 26, 2022 Fair Carrying Fair Carrying Assets: Derivative financial instrument assets $ 520 $ 520 $ — $ — Liabilities: Derivative financial instrument liabilities $ 172 $ 172 $ 605 $ 605 Acquisition-related contingent consideration 24,500 24,500 — — Amended 2027 TLA 569,676 561,487 273,281 269,304 2026 Notes 265,038 245,543 290,223 213,023 LED Earnout Note — — 96,412 101,824 Debt – other 17,357 18,390 17,855 19,263 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. Acquisition-related contingent consideration related to our acquisition of Stratus Technologies and was included in current liabilities as of November 25, 2022. The fair value as of November 25, 2022, measured on a recurring basis, was based on Level 3 measurements, which included 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. The fair value of the Earnout was estimated based on the Company’s evaluation of the probability and amount of Earnout to be achieved based on the expected gross profit of Stratus Technologies. The Monte Carlo simulation model was used to estimate the Earnout payment, which was discounted to its present value based on the expected payment date of the Earnout. The model used an estimated gross profit volatility of 33.8% and a discount rate of 8.8% as of November 25, 2022. The fair values of our Amended 2027 TLA, LED Earnout Note 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. The fair value of the 2026 Notes, as measured on a non-recurring basis, was determined based on Level 2 measurements, including the trading price of the 2026 Notes.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Nov. 25, 2022
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 from 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. Three months ended November 25, November 26, Realized (gains) losses on currency forward contracts $ 1,007 $ (3,910) Unrealized (gains) losses on currency forward contracts (430) (753)

Equity Plans

Equity Plans	3 Months Ended
	Nov. 25, 2022
Share-Based Payment Arrangement [Abstract]
Equity Plans	Equity Plans As of November 25, 2022, 8.8 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 25, November 26, Awards granted 1,010 533 Weighted average grant-date fair value per share $ 19.51 $ 28.02 Aggregate vesting-date fair value of shares vested $ 8,949 $ 11,956 Restricted Awards include grants with service, performance and/or market conditions with restrictions that generally lapse after a three As of November 25, 2022, total unrecognized compensation costs for unvested Restricted Awards was $94.6 million, which was expected to be recognized over a weighted-average period of 2.7 years. Share Options As of November 25, 2022, total aggregate unrecognized compensation costs for unvested options was $2.3 million, which was expected to be recognized over a weighted-average period of 1.6 years. Employee Share Purchase Plan (“ESPP”) Under our ESPP, employees purchased 265 thousand ordinary shares for $2.9 million in the first quarter of 2023 and 133 thousand shares for $3.0 million in the first quarter of 2022. Share-Based Compensation Expense Three months ended November 25, November 26, Share-based compensation expense by caption: Cost of sales $ 1,708 $ 1,731 Research and development 1,634 1,540 Selling, general and administrative 7,070 6,504 $ 10,412 $ 9,775 Income tax benefits related to the tax deductions for share-based awards are recognized only upon the settlement of the related share-based awards. Income tax benefits for share-based awards were $2.2 million and $3.1 million in the first quarters of 2023 and 2022, respectively.

Revenue and Customer Contract B

Revenue and Customer Contract Balances	3 Months Ended
	Nov. 25, 2022
Revenue from Contract with Customer [Abstract]
Revenue and Customer Contract Balances	Revenue and Customer Contract Balances Net Sales and Gross Billings We provide certain logistics services on an agent basis, whereby we procure materials on behalf of our customers and then resell such materials to our customers. Our logistics services business includes procurement, logistics, inventory management, temporary warehousing, kitting and/or 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. Gross amounts invoiced to customers in connection with these agent services include amounts related to the services performed by us in addition to the cost of the materials procured. However, only the amount related to the agent component is recognized as revenue in our results of operations. We generally recognize revenue for these procurement, logistics and inventory management services upon the completion of such services, which typically occurs at the time of shipment of product to the customer. The cost of materials billed to our customers under these arrangements, but not recognized as revenue or cost of sales in our results of operations, were as follows: Three months ended November 25, November 26, Cost of materials $ 377,751 $ 336,275 Customer Contract Balances As of November 25, August 26, Contract assets (1) $ 868 $ 1,322 Contract liabilities: (2) Deferred revenue (3) $ 67,689 $ 39,676 Customer advances 24,097 24,125 $ 91,786 $ 63,801 (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. (3) Deferred revenue includes $19.4 million and $23.3 million as of November 25, 2022 and August 26, 2022, respectively, related to contracts that contain termination rights. Deferred revenue represents amounts received from customers in advance of satisfying performance obligations. As of November 25, 2022, we expect to recognize revenue of $55.3 million of the balance of $67.7 million in the next 12 months and the remaining amount thereafter. In the first quarter of 2023, we recognized revenue of $14.9 million from satisfying performance obligations related to amounts included in deferred revenue as of August 26, 2022. Customer advances represent amounts received from customers for advance payments to secure product. In the first quarter of 2023, we recognized revenue of $0.6 million from satisfying performance obligations related to amounts included in customer advances as of August 26, 2022. As of November 25, 2022 and August 26, 2022, other current liabilities included $13.4 million and $15.4 million, respectively, for estimates of consideration payable to customers, including estimates for pricing adjustments and returns.

Other Operating (Income) Expens

Other Operating (Income) Expense	3 Months Ended
	Nov. 25, 2022
Other Income and Expenses [Abstract]
Other Operating (Income) Expense	Other Operating (Income) Expense In the first quarter of 2023, we initiated plans that included workforce reductions and the elimination of certain projects across our businesses. In connection therewith, we recorded a restructure charge of $2.0 million, primarily for employee severance costs and other benefits. We anticipate that these activities will continue into subsequent quarters of 2023 and

Other Non-operating (Income) Ex

Other Non-operating (Income) Expense	3 Months Ended
	Nov. 25, 2022
Nonoperating Income (Expense) [Abstract]
Other Non-operating (Income) Expense	Other Non-operating (Income) Expense Three months ended November 25, November 26, Foreign currency losses $ 242 $ 1,467 Other (902) (232) $ (660) $ 1,235 Foreign currency losses relate primarily to our Brazil operating subsidiaries.

Income Taxes

Income Taxes	3 Months Ended
	Nov. 25, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Three months ended November 25, November 26, Income before income taxes $ 10,214 $ 28,453 Income tax provision 4,890 7,755 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. Our provision for income taxes for the three months ended November 25, 2022 decreased by $2.9 million as compared to the same period in the prior year, primarily due to a decrease in profit before tax. As of November 25, 2022 and August 26, 2022, we had a full valuation allowance for net deferred tax assets associated with our U.S. operations. Management continues to evaluate future projected financial performance to determine whether such performance is sufficient evidence to support a reduction in or reversal of the valuation allowances. 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. 25, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Three months ended November 25, November 26, Net income attributable to SGH – Basic and Diluted $ 4,992 $ 20,027 Weighted-average shares outstanding – Basic 48,962 49,011 Dilutive effect of equity plans and convertible notes 829 5,624 Weighted-average shares outstanding – Diluted 49,791 54,635 Earnings per share: Basic $ 0.10 $ 0.41 Diluted $ 0.10 $ 0.37 Below are unweighted 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 25, November 26, Equity plans 6,072 285 Stratus Technologies contingently issuable shares 1,715 — 7,787 285 Upon any conversion of our 2026 Notes, we will be required to pay cash in an amount at least equal to the principal portion while continuing to have the option to settle any amount in excess of the principal portion in cash and/or ordinary shares. As a result, only the amounts settled in excess of the principal portion are considered in calculating diluted earnings per share. See “Debt – Convertible Senior Notes.” Upon completion of the Earnout period, we will be obligated to pay the Stratus contingent consideration in either cash, ordinary shares of SGH, or a mix of cash and SGH shares. See “Equity – SGH Shareholders’ Equity – Stratus Technologies Earnout.”

Segment and Other Information

Segment and Other Information	3 Months Ended
	Nov. 25, 2022
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. We have the following three businesses, which are our reportable segments: • Memory Solutions : Our Memory Solutions group, under our SMART Modular brand, 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, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing (“HPC”), artificial intelligence (“AI”), machine learning (“ML”), advanced modeling and the internet of things (“IoT”) that span the continuum of edge, core and cloud. Our solutions are designed specifically for customers across multiple markets, including government, hyperscale, energy, financial services, health care, education and others. On August 29, 2022, we completed the acquisition of Stratus Technologies, a global leader in simplified, protected and autonomous computing solutions in the data center and at the Edge. • LED Solutions : Our LED Solutions group, under our Cree LED brand, 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 general lighting, video screens and specialty lighting applications. 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 25, November 26, Net sales: Memory Solutions $ 191,967 $ 239,401 Intelligent Platform Solutions 210,971 118,654 LED Solutions 62,540 111,889 Total net sales $ 465,478 $ 469,944 Segment operating income: Memory Solutions $ 21,145 $ 36,670 Intelligent Platform Solutions 34,166 14,180 LED Solutions (478) 18,300 Total segment operating income 54,833 69,150 Unallocated: Share-based compensation expense (10,412) (9,775) Amortization of acquisition-related intangibles (10,858) (6,343) Flow through of inventory step up (2,599) — Acquisition and integration expenses (6,732) (1,038) Change in fair value of contingent consideration (3,700) (17,200) Restructure charge (2,041) — Other (900) — Total unallocated (37,242) (34,356) Consolidated operating income $ 17,591 $ 34,794

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Nov. 25, 2022
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 (“GAAP”) consistent in all material respects with those applied in our Annual Report on Form 10-K for the fiscal year ended August 26, 2022 and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. 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 fiscal year ended August 26, 2022. 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 2023 and 2022 each contain 52 weeks. All period references are to our fiscal periods unless otherwise indicated. 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.
Recently Adopted Accounting Standard and Recently Issued Accounting Standards	Recently Adopted Accounting Standards In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 , which simplifies the accounting for convertible debt instruments by reducing the number of accounting models and the number of embedded conversion features that could be recognized separately from the primary contract. This ASU requires a convertible debt instrument to be accounted for as a single liability measured at its amortized cost, as long as no other features require bifurcation and recognition as derivatives. This ASU requires an entity to use the if-converted method in the diluted earnings per share calculation for convertible instruments. This ASU is effective for us in the first quarter of 2023 and permits the use of either the modified retrospective or fully retrospective method of transition. We adopted ASU 2020-06 in the first quarter of 2023 under the modified retrospective method. Upon adoption of ASU 2020-06, the previously separated equity component and associated issuance costs of our 2.25% convertible senior notes due 2026 were reclassified from additional paid-in capital to long-term debt, thereby eliminating future amortization of the debt discount as interest expense. The following table summarizes the effects of adopting ASU 2020-06: Ending Adoption of Beginning Long-term debt $ 591,389 $ 32,183 $ 623,572 Additional paid-in capital 448,112 (50,822) 397,290 Retained earnings 251,344 18,639 269,983 In October 2021, the FASB issued ASU 2021-08 – Business Combinations: Accounting for Contract Asset and Contract Liabilities from Contracts with Customers , to require that an acquirer recognize and measure contract assets and liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers . We adopted ASU 2021-08 in the third quarter of 2022 for any acquisitions occurring after our adoption.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Nov. 25, 2022
Accounting Policies [Abstract]
Accounting Standards Update and Change in Accounting Principle	The following table summarizes the effects of adopting ASU 2020-06: Ending Adoption of Beginning Long-term debt $ 591,389 $ 32,183 $ 623,572 Additional paid-in capital 448,112 (50,822) 397,290 Retained earnings 251,344 18,639 269,983

Business Acquisition (Tables)

Business Acquisition (Tables)	3 Months Ended
	Nov. 25, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Price	The provisional purchase price was as follows: Cash $ 225,000 Additional payment for net working capital adjustment (1) 17,246 Fair value of Earnout 20,800 $ 263,046 (1) Includes $14.4 million paid at closing and an estimated $2.8 million payable subsequent to the end of the first quarter of 2023 upon completion of the review of the working capital assets acquired and liabilities assumed.
Summary of Assets Acquired and Liabilities Assumed at the Acquisition Date	The provisional valuation of the Stratus Technologies assets acquired and liabilities assumed are as follows: Cash and cash equivalents $ 29,174 Accounts receivable 26,685 Inventories 10,890 Other current assets 6,536 Property and equipment 7,292 Operating lease right-of-use assets 9,216 Intangible assets 123,700 Goodwill 125,929 Other noncurrent assets 11,661 Accounts payable and accrued expenses (32,656) Other current liabilities (36,723) Noncurrent operating lease liabilities (7,067) Other noncurrent liabilities (11,591) Total net assets acquired $ 263,046
Summary of Intangible Assets	The preliminary estimated fair values and useful lives of identifiable intangible assets are as follows: Amount Estimated useful life (in years) Technology $ 82,000 5 Customer relationships 27,800 8 Trademarks/trade names 10,000 9 In-process research and development 3,900 N/A $ 123,700
Summary of Unaudited Pro Forma Information	The following unaudited pro forma financial information for the three months ended November 26, 2021 combines the historical results of operations of SGH for the three months ended November 26, 2021 and the historical results of operations of Stratus Technologies for the three months ended August 29, 2021: Three months ended November 26, Net sales $ 507,830 Net income attributable to SGH 5,180 Earnings per share: Basic $ 0.11 Diluted $ 0.09

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 25, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	As of November 25, August 26, Raw materials $ 179,520 $ 150,913 Work in process 78,048 38,624 Finished goods 158,514 133,547 $ 416,082 $ 323,084

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Nov. 25, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of November 25, August 26, Equipment $ 215,539 $ 204,805 Buildings and building improvements 63,341 59,047 Furniture, fixtures and software 40,879 38,715 Land 16,126 16,126 335,885 318,693 Accumulated depreciation (170,852) (164,758) $ 165,033 $ 153,935

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	3 Months Ended
	Nov. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill by Segment	As of November 25, 2022 As of August 26, 2022 Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Technology $ 150,475 $ (25,236) $ 61,594 $ (18,473) Customer relationships 85,300 (35,568) 57,500 (32,238) Trademarks/trade names 29,200 (10,834) 19,200 (9,771) $ 264,975 $ (71,638) $ 138,294 $ (60,482) Goodwill by segment: Intelligent Platform Solutions $ 166,329 $ 40,401 Memory Solutions 33,362 33,608 $ 199,691 $ 74,009

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Nov. 25, 2022
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Expenses	As of November 25, August 26, Accounts payable (1) $ 325,435 $ 345,063 Salaries, wages and benefits 36,420 45,189 Income and other taxes 21,267 17,961 Other 6,029 5,141 $ 389,151 $ 413,354 (1) Includes accounts payable for property and equipment of $4.4 million and $3.5 million as of November 25, 2022 and August 26, 2022, respectively.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 25, 2022
Debt Disclosure [Abstract]
Summary of Long-Term Debt	As of November 25, August 26, Amended 2027 TLA $ 561,487 $ 269,304 2026 Notes 245,543 213,023 LED Earnout Note — 101,824 Other 18,390 19,263 825,420 603,414 Less current debt (28,435) (12,025) Long-term debt $ 796,985 $ 591,389
Interest Income and Interest Expense Disclosure	Three Months Ended November 25, November 26, Contractual stated interest $ 1,391 $ 1,391 Amortization of discount and issuance costs 337 2,210 $ 1,728 $ 3,601

Leases (Tables)

Leases (Tables)	3 Months Ended
	Nov. 25, 2022
Leases [Abstract]
Summary of Components of Operating Lease Expense	The components of operating lease expense were as follows: Three months ended November 25, November 26, Fixed lease cost $ 5,096 $ 3,303 Variable lease cost 384 368 Short-term lease cost 499 76 $ 5,979 $ 3,747
Schedule of Minimum Payments of Lease Liabilities	Minimum payments of operating lease liabilities as of November 25, 2022 were as follows: Remainder of 2023 $ 9,708 2024 14,274 2025 12,186 2026 10,841 2027 8,629 2028 and thereafter 65,971 121,609 Less imputed interest (34,637) Present value of total lease liabilities $ 86,972

Equity (Tables)

Equity (Tables)	3 Months Ended
	Nov. 25, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income (loss) by component for the three months ended November 25, 2022 were as follows: Cumulative Translation Adjustment Gains (Losses) on Derivative Instruments Gains (Losses) on Investments Total As of August 26, 2022 $ (221,655) $ — $ — $ (221,655) Other comprehensive income (loss) before reclassifications (2,008) 191 (7) (1,824) Reclassifications out of accumulated other comprehensive income — (171) — (171) Other comprehensive income (loss) (2,008) 20 (7) (1,995) As of November 25, 2022 $ (223,663) $ 20 $ (7) $ (223,650)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 25, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Other Assets and Liabilities	Fair value measurements were as follows: As of November 25, 2022 As of August 26, 2022 Fair Carrying Fair Carrying Assets: Derivative financial instrument assets $ 520 $ 520 $ — $ — Liabilities: Derivative financial instrument liabilities $ 172 $ 172 $ 605 $ 605 Acquisition-related contingent consideration 24,500 24,500 — — Amended 2027 TLA 569,676 561,487 273,281 269,304 2026 Notes 265,038 245,543 290,223 213,023 LED Earnout Note — — 96,412 101,824 Debt – other 17,357 18,390 17,855 19,263

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Nov. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss)	Three months ended November 25, November 26, Realized (gains) losses on currency forward contracts $ 1,007 $ (3,910) Unrealized (gains) losses on currency forward contracts (430) (753)

Equity Plans (Tables)

Equity Plans (Tables)	3 Months Ended
	Nov. 25, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Share Based Compensation Expense Allocation	Three months ended November 25, November 26, Share-based compensation expense by caption: Cost of sales $ 1,708 $ 1,731 Research and development 1,634 1,540 Selling, general and administrative 7,070 6,504 $ 10,412 $ 9,775
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 25, November 26, Awards granted 1,010 533 Weighted average grant-date fair value per share $ 19.51 $ 28.02 Aggregate vesting-date fair value of shares vested $ 8,949 $ 11,956

Revenue and Customer Contract_2

Revenue and Customer Contract Balances (Tables)	3 Months Ended
	Nov. 25, 2022
Revenue from Contract with Customer [Abstract]
Summary of Net Sales by Products and Services and Gross Amounts Billed for Services	The cost of materials billed to our customers under these arrangements, but not recognized as revenue or cost of sales in our results of operations, were as follows: Three months ended November 25, November 26, Cost of materials $ 377,751 $ 336,275
Summary of Customer Contract Balances	As of November 25, August 26, Contract assets (1) $ 868 $ 1,322 Contract liabilities: (2) Deferred revenue (3) $ 67,689 $ 39,676 Customer advances 24,097 24,125 $ 91,786 $ 63,801 (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. (3) Deferred revenue includes $19.4 million and $23.3 million as of November 25, 2022 and August 26, 2022, respectively, related to contracts that contain termination rights.

Other Non-operating (Income) _2

Other Non-operating (Income) Expense (Tables)	3 Months Ended
	Nov. 25, 2022
Nonoperating Income (Expense) [Abstract]
Schedule of Other Non-operating (Income) Expense	Three months ended November 25, November 26, Foreign currency losses $ 242 $ 1,467 Other (902) (232) $ (660) $ 1,235

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Nov. 25, 2022
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) before Income Taxes and Components of Income Tax Provision (Benefit)	Three months ended November 25, November 26, Income before income taxes $ 10,214 $ 28,453 Income tax provision 4,890 7,755

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Nov. 25, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Three months ended November 25, November 26, Net income attributable to SGH – Basic and Diluted $ 4,992 $ 20,027 Weighted-average shares outstanding – Basic 48,962 49,011 Dilutive effect of equity plans and convertible notes 829 5,624 Weighted-average shares outstanding – Diluted 49,791 54,635 Earnings per share: Basic $ 0.10 $ 0.41 Diluted $ 0.10 $ 0.37
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	Below are unweighted 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 25, November 26, Equity plans 6,072 285 Stratus Technologies contingently issuable shares 1,715 — 7,787 285

Segment and Other Information (

Segment and Other Information (Tables)	3 Months Ended
	Nov. 25, 2022
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 25, November 26, Net sales: Memory Solutions $ 191,967 $ 239,401 Intelligent Platform Solutions 210,971 118,654 LED Solutions 62,540 111,889 Total net sales $ 465,478 $ 469,944 Segment operating income: Memory Solutions $ 21,145 $ 36,670 Intelligent Platform Solutions 34,166 14,180 LED Solutions (478) 18,300 Total segment operating income 54,833 69,150 Unallocated: Share-based compensation expense (10,412) (9,775) Amortization of acquisition-related intangibles (10,858) (6,343) Flow through of inventory step up (2,599) — Acquisition and integration expenses (6,732) (1,038) Change in fair value of contingent consideration (3,700) (17,200) Restructure charge (2,041) — Other (900) — Total unallocated (37,242) (34,356) Consolidated operating income $ 17,591 $ 34,794

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Details)	Feb. 28, 2020
2.25% Convertible Senior Notes Due 2026
Significant Accounting Policies [Line Items]
Note interest rate	2.25%

Significant Accounting Polici_5

Significant Accounting Policies - Accounting Standards Update and Change in Accounting Principle (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 27, 2022	Aug. 26, 2022
Significant Accounting Policies [Line Items]
Long-term debt	$ 796,985		$ 591,389
Additional paid-in capital		$ 397,290	448,112
Retained earnings	$ 274,975	269,983	251,344
Cumulative Translation Adjustment
Significant Accounting Policies [Line Items]
Additional paid-in capital		(50,822)
Retained earnings		18,639
2.25% Convertible Senior Notes Due 2026
Significant Accounting Policies [Line Items]
Long-term debt		623,572	$ 591,389
2.25% Convertible Senior Notes Due 2026 | Cumulative Translation Adjustment
Significant Accounting Policies [Line Items]
Long-term debt		$ 32,183

Business Acquisition - Addition

Business Acquisition - Additional Information (Details) $ in Thousands		3 Months Ended
	Aug. 29, 2022 USD ($)	Nov. 25, 2022 USD ($)	Nov. 25, 2022 USD ($)	Nov. 26, 2021 USD ($)
Business Acquisition [Line Items]
Acquisition-related transaction expenses			$ 4,800
Measurement Input, Price Volatility | Valuation Technique, Monte Carlo Simulation
Business Acquisition [Line Items]
Measurement input	0.334	0.338	0.338
Measurement Input, Discount Rate | Valuation Technique, Monte Carlo Simulation
Business Acquisition [Line Items]
Measurement input	0.073	0.088	0.088
Stratus Technologies
Business Acquisition [Line Items]
Payments to acquire businesses, gross	$ 225,000
Contingent consideration (up to)	50,000
Acquisition-related contingent consideration	$ 20,800	$ 24,500	$ 24,500
Net sales		45,200		$ 507,830
Net income attributable to SGH		$ (3,200)		$ 5,180

Business Acquisition - Schedule

Business Acquisition - Schedule of Purchase Price (Details) - Stratus Technologies - USD ($)	Aug. 29, 2022	Nov. 25, 2022
Business Acquisition [Line Items]
Cash	$ 225,000,000
Additional payment for net working capital adjustment	17,246,000
Change in fair value of contingent consideration	20,800,000
Total consideration	$ 263,046,000
Assets acquired		$ 14,400,000
Liabilities assumed		$ 2,800,000

Business Acquisition - Summary

Business Acquisition - Summary of Assets Acquired and Liabilities Assumed at the Acquisition Date (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 29, 2022	Aug. 26, 2022	Nov. 26, 2021
Business Acquisition [Line Items]
Intangible assets	$ 126,400			$ 600
Goodwill	$ 199,691		$ 74,009
Stratus Technologies
Business Acquisition [Line Items]
Cash and cash equivalents		$ 29,174
Accounts receivable		26,685
Inventories		10,890
Other current assets		6,536
Property and equipment		7,292
Operating lease right-of-use assets		9,216
Intangible assets		123,700
Goodwill		125,929
Other noncurrent assets		11,661
Accounts payable and accrued expenses		(32,656)
Other current liabilities		(36,723)
Noncurrent operating lease liabilities		(7,067)
Other noncurrent liabilities		(11,591)
Total net assets acquired		$ 263,046

Business Acquisition - Summar_2

Business Acquisition - Summary of Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended
	Aug. 29, 2022	Nov. 25, 2022	Nov. 26, 2021
Business Acquisition [Line Items]
Amount		$ 126,400	$ 600
Estimated useful life (in years)		6 years	8 years 2 months 12 days
Stratus Technologies
Business Acquisition [Line Items]
Amount	$ 123,700
Stratus Technologies | Technology
Business Acquisition [Line Items]
Amount	$ 82,000
Estimated useful life (in years)	5 years
Stratus Technologies | Customer relationships
Business Acquisition [Line Items]
Amount	$ 27,800
Estimated useful life (in years)	8 years
Stratus Technologies | Trademarks/trade names
Business Acquisition [Line Items]
Amount	$ 10,000
Estimated useful life (in years)	9 years
Stratus Technologies | In-process research and development
Business Acquisition [Line Items]
Amount	$ 3,900

Business Acquisition - Summar_3

Business Acquisition - Summary of Unaudited Pro Forma Information (Details) - Stratus Technologies - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Business Acquisition [Line Items]
Net sales	$ 45,200	$ 507,830
Net income attributable to SGH	$ (3,200)	$ 5,180
Earnings per share:
Basic (in usd per share)		$ 0.11
Diluted (in usd per share)		$ 0.09

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 179,520	$ 150,913
Work in process	78,048	38,624
Finished goods	158,514	133,547
Total inventories	$ 416,082	$ 323,084

Inventories - Additional Inform

Inventories - Additional Information (Details)	Nov. 25, 2022	Aug. 26, 2022
Inventory Disclosure [Abstract]
Percentage of inventories	9%	6%

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 335,885	$ 318,693
Accumulated depreciation	(170,852)	(164,758)
Net property and equipment	165,033	153,935
Equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	215,539	204,805
Buildings and building improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	63,341	59,047
Furniture, fixtures and software
Property Plant And Equipment [Line Items]
Property and equipment, gross	40,879	38,715
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 ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Nov. 25, 2022	Nov. 26, 2021	Aug. 26, 2022
Property Plant And Equipment [Line Items]
Depreciation expense	$ 8,900	$ 9,500
Total cost of sales	(347,068)	(347,743)
Inventories	(416,082)		$ (323,084)
Net income	5,324	$ 20,698
Service Life
Property Plant And Equipment [Line Items]
Depreciation expense	$ (2,700)
Property and equipment, estimated useful lives	8 years		5 years
Total cost of sales	$ 2,400
Inventories	$ (200)
Earnings per share impact (in usd per share)	$ 0.03
Net income	$ 1,300

Intangible Assets and Goodwil_2

Intangible Assets and Goodwill - Schedule of Intangible Assets and Goodwill by Segment (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	$ 264,975	$ 138,294
Intangible assets, Accumulated Amortization	(71,638)	(60,482)
Goodwill by segment, Gross Amount	199,691	74,009
Intelligent Platform Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill by segment, Gross Amount	166,329	40,401
Memory Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill by segment, Gross Amount	33,362	33,608
Technology
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	150,475	61,594
Intangible assets, Accumulated Amortization	(25,236)	(18,473)
Customer relationships
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	85,300	57,500
Intangible assets, Accumulated Amortization	(35,568)	(32,238)
Trademarks/trade names
Finite Lived Intangible Assets [Line Items]
Intangible assets, Gross Amount	29,200	19,200
Intangible assets, Accumulated Amortization	$ (10,834)	$ (9,771)

Intangible Assets and Goodwil_3

Intangible Assets and Goodwill - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Nov. 25, 2022	Nov. 26, 2021	Aug. 26, 2022
Finite Lived Intangible Assets [Line Items]
Amount	$ 126.4	$ 0.6
Amortization of intangible assets	10.9	$ 6.4
Finite-lived intangible assets, expected amortization for 2023	33.4
Finite-lived intangible assets, expected amortization for 2024	40.5
Finite-lived intangible assets, expected amortization for 2025	38
Finite-lived intangible assets, expected amortization for 2026	31.2
Finite-lived intangible assets, expected amortization for 2027	30.1
Finite-lived intangible assets, expected amortization, thereafter	20.2
Intelligent Platform Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill, increase (decrease)	125.9
Memory Solutions
Finite Lived Intangible Assets [Line Items]
Goodwill, increase (decrease)	$ (0.2)		$ (0.2)

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Payables and Accruals [Abstract]
Accounts payable	$ 325,435	$ 345,063
Salaries, wages and benefits	36,420	45,189
Income and other taxes	21,267	17,961
Other	6,029	5,141
Total	389,151	413,354
Accounts payable for property and equipment	$ 4,400	$ 3,500

Debt - Summary of Long-Term Deb

Debt - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 27, 2022	Aug. 26, 2022
Debt Instrument [Line Items]
Debt	$ 825,420		$ 603,414
Less current debt	(28,435)		(12,025)
Long-term debt	796,985		591,389
Amended 2027 TLA
Debt Instrument [Line Items]
Debt	561,487		269,304
2026 Notes
Debt Instrument [Line Items]
Debt	245,543		213,023
Long-term debt		$ 623,572	591,389
LED Earnout Note
Debt Instrument [Line Items]
Debt	0		101,824
Other
Debt Instrument [Line Items]
Debt	$ 18,390		$ 19,263

Debt - Credit Facility (Details

Debt - Credit Facility (Details)			3 Months Ended		12 Months Ended
	Aug. 29, 2022 USD ($)	Feb. 07, 2022 USD ($)	Nov. 25, 2022 USD ($)	Nov. 26, 2021 USD ($)	Aug. 26, 2022 USD ($)
Debt Instrument [Line Items]
Repayment of outstanding debt			$ 4,489,000	$ 0
The Credit Facility Agreement
Debt Instrument [Line Items]
Debt covenant, first lien leverage ratio	3.25	3
Debt covenant, reduction of debt amount used for the purposes of calculating debt covenant ratios	$ 125,000,000	$ 100,000,000
LED Earnout Note
Debt Instrument [Line Items]
Repayment of outstanding debt					$ 101,800,000
L E D Purchase Price Note
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt	800,000
Amended 2027 TLA | The Credit Facility Agreement
Debt Instrument [Line Items]
Debt instrument, face amount	$ 300,000,000	275,000,000
Debt instrument outstanding amount			569,700,000
Unamortized debt discounts and issuance costs			$ (8,200,000)
Debt instrument, effective interest rate			6.35%
Revolving Credit Facility | The Credit Facility Agreement
Debt Instrument [Line Items]
Debt instrument, face amount		250,000,000
Line of credit facility, maximum borrowing capacity		$ 35,000,000
Debt instrument outstanding amount			$ 0

Debt - Convertible Senior Notes

Debt - Convertible Senior Notes (Details)		1 Months Ended
	Aug. 26, 2022 USD ($)	Feb. 28, 2020 USD ($) $ / shares	Nov. 25, 2022 USD ($)	Aug. 27, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 603,414,000		$ 825,420,000
Retained earnings	251,344,000		$ 274,975,000	$ 269,983,000
Cumulative Translation Adjustment
Debt Instrument [Line Items]
Retained earnings				$ 18,639,000
Cumulative Translation Adjustment | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Long-term debt	32,200,000
Retained earnings	18,600,000
2.25% Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Debt instrument, face amount		$ 250,000,000
Note interest rate		2.25%
Debt instrument, convertible, initial conversion rate in ordinary shares		49.2504
Debt instrument, convertible, principal amount considered for conversion rate	$ 1,000	$ 1,000
Debt instrument, convertible, initial conversion price per ordinary share (in usd per share) | $ / shares		$ 20.30
Debt instrument, effective interest rate	7.06%		2.83%
Long-term debt	$ 213,023,000		$ 245,543,000
2.25% Convertible Senior Notes Due 2026 | Additional Paid-in Capital
Debt Instrument [Line Items]
Debt instrument, carrying amount of equity component	$ 50,800,000

Debt - Interest Expense Disclos

Debt - Interest Expense Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Debt Instrument [Line Items]
Amortization of debt discount and issuance costs	$ 1,069	$ 2,332
2.25% Convertible Senior Notes Due 2026
Debt Instrument [Line Items]
Contractual stated interest	1,391	1,391
Amortization of debt discount and issuance costs	337	2,210
Total interest cost recognized	$ 1,728	$ 3,601

Leases - Summary of Components

Leases - Summary of Components of Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Leases [Abstract]
Fixed lease cost	$ 5,096	$ 3,303
Variable lease cost	384	368
Short-term lease cost	499	76
Total lease cost	$ 5,979	$ 3,747

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021	Aug. 26, 2022
Lessee Lease Description [Line Items]
Operating lease payments	$ 2,800,000	$ 2,900,000
Right-of-use assets obtained in exchange for operating lease liabilities	$ 9,400,000	$ 0
Weighted-average remaining lease term for operating leases	10 years 3 months 18 days		10 years 10 months 24 days
Weighted-average discount rate for operating leases	6.20%		6.10%
Minimum
Lessee Lease Description [Line Items]
Operating lease term	2 years
Maximum
Lessee Lease Description [Line Items]
Operating lease term	5 years

Leases - Schedule of Minimum Pa

Leases - Schedule of Minimum Payments of Lease Liabilities (Details) $ in Thousands	Nov. 25, 2022 USD ($)
Leases [Abstract]
Remainder of 2023	$ 9,708
2024	14,274
2025	12,186
2026	10,841
2027	8,629
2028 and thereafter	65,971
Total	121,609
Less imputed interest	(34,637)
Present value of total lease liabilities	$ 86,972

Equity - Additional Information

Equity - Additional Information (Details) $ / shares in Units, $ in Thousands		3 Months Ended
	Jan. 03, 2022 $ / shares shares	Nov. 25, 2022 USD ($) tradingDay $ / shares shares	Nov. 26, 2021 USD ($) shares	Aug. 29, 2022 USD ($)	Aug. 26, 2022 $ / shares	Apr. 04, 2022 USD ($)
Class Of Stock [Line Items]
Share dividend declared for each ordinary share owned (in shares) | shares	1
Ordinary shares, par value (in usd per share) | $ / shares	$ 0.03	$ 0.03			$ 0.03
Shares acquired, value		$ 4,659	$ 2,666
Net income attributable to noncontrolling interest		$ 332	$ 671
Cree Joint Venture | San’an
Class Of Stock [Line Items]
Ownership percentage by noncontrolling owners		49%
Stratus Technologies
Class Of Stock [Line Items]
Contingent consideration (up to)				$ 50,000
Debt instrument, convertible, threshold consecutive trading days | tradingDay		30
Share Repurchase Authorization
Class Of Stock [Line Items]
Stock repurchase program, authorized amount						$ 75,000
Repurchase of ordinary shares (in shares) | shares		200,000	2,600,000
Shares acquired, value		$ 2,800	$ 50,000
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. | Silver Lake Partners, Repurchase
Class Of Stock [Line Items]
Repurchase of ordinary shares (in shares) | shares		144,000	51,000
Shares acquired, value		$ 1,900	$ 2,700

Equity - Schedule of Accumulate

Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended
	Nov. 25, 2022 USD ($)
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 378,546
Components of Other Comprehensive Income (Loss):
Other comprehensive income (loss) before reclassifications	(1,824)
Reclassifications out of accumulated other comprehensive income	(171)
Other comprehensive income (loss)	(1,995)
Ending balance	359,387
AOCI Including Portion Attributable to Noncontrolling Interest
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(221,655)
Components of Other Comprehensive Income (Loss):
Ending balance	(223,650)
Cumulative Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(221,655)
Components of Other Comprehensive Income (Loss):
Other comprehensive income (loss) before reclassifications	(2,008)
Reclassifications out of accumulated other comprehensive income	0
Other comprehensive income (loss)	(2,008)
Ending balance	(223,663)
Gains (Losses) on Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0
Components of Other Comprehensive Income (Loss):
Other comprehensive income (loss) before reclassifications	191
Reclassifications out of accumulated other comprehensive income	(171)
Other comprehensive income (loss)	20
Ending balance	20
Gains (Losses) on Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	0
Components of Other Comprehensive Income (Loss):
Other comprehensive income (loss) before reclassifications	(7)
Reclassifications out of accumulated other comprehensive income	0
Other comprehensive income (loss)	(7)
Ending balance	$ (7)

Government Incentives - Additio

Government Incentives - Additional Information (Details) $ in Millions	3 Months Ended
	Nov. 25, 2022 USD ($) program	Nov. 26, 2021 USD ($)
Brazilian Operating Subsidiaries
Government Incentives [Line Items]
Number of incentive programs | program	2
Other Current Assets
Government Incentives [Line Items]
Unused financial credits	$ 19	$ 18.7
Research and development
Government Incentives [Line Items]
Financial credits	$ 2.6	$ 5.9
Minimum
Government Incentives [Line Items]
Percentage of gross sales revenues	11%
Maximum
Government Incentives [Line Items]
Percentage of gross sales revenues	14%

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) $ in Millions	Nov. 25, 2022 USD ($)	Aug. 29, 2022	Aug. 26, 2022 USD ($)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Restricted Cash, Statement of Financial Position [Extensible Enumeration]	Other current assets
Restricted cash	$ 2.8
Measurement Input, Price Volatility | Valuation Technique, Monte Carlo Simulation
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Measurement input	0.338	0.334
Measurement Input, Discount Rate | Valuation Technique, Monte Carlo Simulation
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Measurement input	0.088	0.073
Level 1
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Money market funds	$ 64.2		$ 13.8

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurements of Other Assets and Liabilities (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other noncurrent assets	Other noncurrent assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Fair Value | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative financial instrument assets	$ 520	$ 0
Derivative financial instrument liabilities	172	605
Fair Value | Level 2 | Amended 2027 TLA
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	569,676	273,281
Fair Value | Level 2 | 2026 Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	265,038	290,223
Fair Value | Level 2 | LED Earnout Note
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	0	96,412
Fair Value | Level 2 | Other
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	17,357	17,855
Fair Value | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Acquisition-related contingent consideration	24,500	0
Carrying Value | Level 2
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative financial instrument assets	520	0
Derivative financial instrument liabilities	172	605
Carrying Value | Level 2 | Amended 2027 TLA
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	561,487	269,304
Carrying Value | Level 2 | 2026 Notes
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	245,543	213,023
Carrying Value | Level 2 | LED Earnout Note
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	0	101,824
Carrying Value | Level 2 | Other
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instruments fair value	18,390	19,263
Carrying Value | Level 3
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Acquisition-related contingent consideration	$ 24,500	$ 0

Derivative Instruments - Deriva

Derivative Instruments - Derivative Instruments, Gain (Loss) (Details) - Forward Contracts - Non-designated - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Derivative Instruments Gain Loss [Line Items]
Realized (gains) losses on currency forward contracts	$ 1,007	$ (3,910)
Unrealized (gains) losses on currency forward contracts	$ (430)	$ (753)

Equity Plans - Additional Infor

Equity Plans - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Ordinary shares, available for issuance (in shares)	8,800
Unrecognized compensation costs related to awards	$ 2.3
Unrecognized compensation costs recognition period	1 year 7 months 6 days
Income tax benefits for share-based awards	$ 2.2	$ 3.1
Restricted Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation costs related to awards	$ 94.6
Unrecognized compensation costs recognition period	2 years 8 months 12 days
Restricted Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted awards, service period	3 years
Restricted Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted awards, service period	4 years
Market Based Restricted Share Award | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of number of shares that will vest	0%
Market Based Restricted Share Award | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of number of shares that will vest	200%
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share issued under purchase plan (in shares)	265	133
Share issued under purchase plan	$ 2.9	$ 3

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. 25, 2022	Nov. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards granted (in shares)	1,010	533
Weighted average grant-date fair value per share (in usd per share)	$ 19.51	$ 28.02
Aggregate vesting-date fair value of shares vested	$ 8,949	$ 11,956

Equity Plans - Summary of Share

Equity Plans - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 10,412	$ 9,775
Cost of sales
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1,708	1,731
Research and development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	1,634	1,540
Selling, general and administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 7,070	$ 6,504

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	12 Months Ended
	Nov. 25, 2022	Aug. 26, 2022
Revenue from Contract with Customer [Abstract]
Cost of materials	$ 377,751	$ 336,275

Revenue and Customer Contract_4

Revenue and Customer Contract Balances - Summary of Customer Contract Balances (Details) - USD ($) $ in Thousands	Nov. 25, 2022	Aug. 26, 2022
Revenue from Contract with Customer [Abstract]
Contract assets	$ 868	$ 1,322
Contract liabilities:
Deferred revenue	67,689	39,676
Customer advances	24,097	24,125
Contract liabilities	91,786	63,801
Termination fees	$ 19,400	$ 23,300

Revenue and Customer Contract_5

Revenue and Customer Contract Balances - Additional information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 25, 2022	Aug. 26, 2022
Disaggregation Of Revenue [Line Items]
Expected revenue recognized on remaining performance obligations	$ 67.7
Revenue recognized	14.9
Estimates of consideration payable to customers, including estimates for pricing adjustments and returns	13.4	$ 15.4
Customer Advances
Disaggregation Of Revenue [Line Items]
Revenue recognized	0.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-11-26
Disaggregation Of Revenue [Line Items]
Expected revenue recognized on remaining performance obligations	$ 55.3
Revenue, remaining performance obligation, expected timing of satisfaction, period	12 months

Other Operating (Income) Expe_2

Other Operating (Income) Expense - Additional Information (Details) $ in Millions	3 Months Ended
	Nov. 25, 2022 USD ($)
Other Income and Expenses [Abstract]
Restructure charge	$ 2
Restructuring costs payable	$ 0.1

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. 25, 2022	Nov. 26, 2021
Nonoperating Income (Expense) [Abstract]
Foreign currency losses	$ 242	$ 1,467
Other	(902)	(232)
Other non-operating (income) expense	$ (660)	$ 1,235

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income (Loss) before Income Taxes and Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Income Tax Disclosure [Abstract]
Income before income taxes	$ 10,214	$ 28,453
Income tax provision	$ 4,890	$ 7,755

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) $ in Millions	3 Months Ended
	Nov. 25, 2022 USD ($)
Income Tax Disclosure [Abstract]
Increase (decrease) in income taxes	$ (2.9)

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. 25, 2022	Nov. 26, 2021
Earnings Per Share [Abstract]
Net income attributable to SGH – Basic and Diluted	$ 4,992	$ 20,027
Weighted-average shares outstanding – Basic (in shares)	48,962	49,011
Dilutive effect of equity plans and convertible notes (in shares)	829	5,624
Weighted-average shares outstanding – Diluted (in shares)	49,791	54,635
Earnings per share:
Basic (in usd per share)	$ 0.10	$ 0.41
Diluted (in usd per share)	$ 0.10	$ 0.37

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. 25, 2022	Nov. 26, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	7,787	285
Equity plans
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	6,072	285
Stratus Technologies contingently issuable shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,715	0

Segment and Other Information -

Segment and Other Information - Additional Information (Details)	3 Months Ended
	Nov. 25, 2022 businessUnit
Segment Reporting [Abstract]
Number of business units	3

Segment and Other Information_2

Segment and Other Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 25, 2022	Nov. 26, 2021
Segment Reporting Information [Line Items]
Total net sales	$ 465,478	$ 469,944
Total segment operating income	17,591	34,794
Share-based compensation expense	(10,412)	(9,775)
Amortization of acquisition-related intangibles	(10,900)	(6,400)
Change in fair value of contingent consideration	(3,700)	(17,200)
Restructure charge	(2,000)
Total unallocated	(100,819)	(87,407)
Unallocated
Segment Reporting Information [Line Items]
Share-based compensation expense	(10,412)	(9,775)
Amortization of acquisition-related intangibles	(10,858)	(6,343)
Flow through of inventory step up	(2,599)	0
Acquisition and integration expenses	(6,732)	(1,038)
Change in fair value of contingent consideration	(3,700)	(17,200)
Restructure charge	(2,041)	0
Other	(900)	0
Total unallocated	(37,242)	(34,356)
Operating Segments
Segment Reporting Information [Line Items]
Total net sales	465,478	469,944
Total segment operating income	54,833	69,150
Operating Segments | Memory Solutions
Segment Reporting Information [Line Items]
Total net sales	191,967	239,401
Total segment operating income	21,145	36,670
Operating Segments | Intelligent Platform Solutions
Segment Reporting Information [Line Items]
Total net sales	210,971	118,654
Total segment operating income	34,166	14,180
Operating Segments | LED Solutions
Segment Reporting Information [Line Items]
Total net sales	62,540	111,889
Total segment operating income	$ (478)	$ 18,300