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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 28, 2021
Aug. 28, 2020
Current assets:    
Cash and cash equivalents $ 188,992 $ 150,811
Accounts receivable, net of allowances of $622 and $101 as of May 28, 2021 and August 28, 2020, respectively 274,950 215,918
Inventories [1] 288,962 162,991
Prepaid expenses and other current assets 53,341 26,990
Total current assets 806,245 556,710
Property and equipment, net 153,261 54,705
Operating lease right-of-use assets 35,307 25,013
Other noncurrent assets 13,827 20,554
Intangible assets, net 107,160 55,671
Goodwill 73,257 73,955
Total assets 1,189,057 786,608
Current liabilities:    
Accounts payable 354,210 224,660
Other current liabilities 138,008 57,829
Total current liabilities 492,218 282,489
Long-term debt 338,047 195,573
Long-term operating lease liabilities 28,363 20,829
Other long-term liabilities 52,961 5,613
Total liabilities 911,589 504,504
Commitments and contingencies (see Note 10)
Shareholders’ equity:    
Ordinary shares, $0.03 par value. Authorized 200,000 shares; issued and outstanding 24,238 and 24,419 as of May 28, 2021 and August 28, 2020, respectively 769 737
Additional paid-in capital 335,785 346,131
Accumulated other comprehensive loss (231,258) (228,241)
Retained earnings 164,137 163,477
Total SGH shareholders’ equity 269,433 282,104
Noncontrolling interest in subsidiary 8,035  
Total equity 277,468 282,104
Total liabilities and shareholders’ equity $ 1,189,057 $ 786,608
[1] As of May 28, 2021 and August 28, 2020, 7% and 17%, respectively, of total inventories represented inventory held under the Company's supply chain services.