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Related Party Transactions
9 Months Ended
May 28, 2021
Related Party Transactions [Abstract]  
Related Party Transactions

(3)

Related Party Transactions

In the normal course of business, the Company had transactions with its affiliates as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

May 28,

 

 

May 29,

 

 

May 28,

 

 

May 29,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Affiliates:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

20,103

 

 

$

24,139

 

 

$

53,251

 

 

$

59,691

 

 

As of May 28, 2021 and August 28, 2020, amounts due from these affiliates were $14.2 million and $6.5 million, respectively.

On July 9, 2019, SMART Wireless became a wholly-owned subsidiary of the Company (see Note 2). Included in the selling shareholders of this acquisition were the Company’s former CEO and two members of the Company’s Board of Directors, who

became entitled to receive in the aggregate 397,407 SGH common shares valued at $9.5 million (consisting of 337,692 shares issued upon closing and 59,715 shares that were subject to the Holdback which were issued and paid in the fourth quarter of 2020).