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Segment and Geographic Information (Tables)
9 Months Ended
May 29, 2020
Segment Reporting [Abstract]  
Summary of Operating Results Net of Inter-Segment Revenues

The following table shows operating results net of inter-segment revenues, which, for the respective three and nine months ended, are not material to the financial statements (dollars in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

May 29, 2020

 

 

May 29, 2020

 

 

 

Specialty

Memory

Products

 

 

Brazil

Products

 

 

SCSS

 

 

Total

 

 

Specialty

Memory

Products

 

 

Brazil

Products

 

 

SCSS

 

 

Total

 

Net Revenue

 

$

127,700

 

 

$

92,701

 

 

$

60,886

 

 

$

281,287

 

 

$

342,685

 

 

$

284,400

 

 

$

198,262

 

 

$

825,347

 

Adjusted Gross

   Profit

 

$

21,047

 

 

$

19,685

 

 

$

14,907

 

 

$

55,639

 

 

$

61,166

 

 

$

50,840

 

 

$

52,312

 

 

$

164,318

 

Adjusted Gross

   Margin

 

 

16

%

 

 

21

%

 

 

24

%

 

 

20

%

 

 

18

%

 

 

18

%

 

 

26

%

 

 

20

%

 

Adjusted Gross Profit and Adjusted Gross Margin excludes share-based compensation (see Note 1(s)), intangible amortization (see Note 1(l)) and corporate expenses ($0.1 million and $0.2 million, respectively).

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

May 31, 2019

 

 

May 31, 2019

 

 

 

Specialty

Memory

Products

 

 

Brazil

Products

 

 

SCSS

 

 

Total

 

 

Specialty

Memory

Products

 

 

Brazil

Products

 

 

SCSS

 

 

Total

 

Net Revenue

 

$

98,755

 

 

$

100,982

 

 

$

35,920

 

 

$

235,657

 

 

$

354,312

 

 

$

447,373

 

 

$

131,914

 

 

$

933,599

 

Adjusted Gross

   Profit

 

$

23,992

 

 

$

13,908

 

 

$

6,023

 

 

$

43,923

 

 

$

87,137

 

 

$

80,676

 

 

$

19,575

 

 

$

187,388

 

Adjusted Gross

   Margin

 

 

24

%

 

 

14

%

 

 

17

%

 

 

19

%

 

 

25

%

 

 

18

%

 

 

15

%

 

 

20

%

 

Adjusted Gross Profit and Adjusted Gross Margin excludes share-based compensation (see Note 1(s)) and intangible amortization (see Note 1(l) and corporate expenses ($0.2 million and $0.2 million, respectively).

 

Summary of Net Sales and Property and Equipment by Geographic Area

A summary of the Company’s net sales by geographic area, based on the ship-to location of the customer, property and equipment by geographic area is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

May 29,

 

 

May 31,

 

 

May 29,

 

 

May 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Geographic Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

131,596

 

 

$

79,483

 

 

$

362,215

 

 

$

250,140

 

Brazil

 

 

92,687

 

 

 

101,035

 

 

 

285,059

 

 

 

447,549

 

Asia

 

 

42,072

 

 

 

37,136

 

 

 

126,080

 

 

 

176,208

 

Europe

 

 

8,575

 

 

 

9,001

 

 

 

29,917

 

 

 

32,524

 

Other Americas

 

 

6,357

 

 

 

9,002

 

 

 

22,076

 

 

 

27,178

 

Total

 

$

281,287

 

 

$

235,657

 

 

$

825,347

 

 

$

933,599

 

 

 

 

May 29,

 

 

August 30,

 

 

 

2020

 

 

2019

 

Property and Equipment, Net:

 

 

 

 

 

 

 

 

U.S.

 

$

11,349

 

 

$

8,801

 

Brazil

 

 

30,945

 

 

 

49,221

 

Malaysia

 

 

9,234

 

 

 

8,186

 

Other

 

 

2,232

 

 

 

2,137

 

Total

 

$

53,760

 

 

$

68,345