Earnings Per Share

3 Months Ended

Nov. 26, 2021

Three months ended	November 26, 2021		November 27, 2020

Net income attributable to SGH – Basic and Diluted	$	20,027	$	2,027

Weighted-average shares outstanding – Basic		24,506		24,561
Dilutive effect of equity plans and convertible notes		2,812		542
Weighted-average shares outstanding – Diluted		27,318		25,103

Earnings per share:
Basic	$	0.82	$	0.08
Diluted	$	0.73	$	0.08

Below are potentially dilutive shares that were not included in the computation of diluted earnings per share because to do so would have been antidilutive:

Three months ended

November 26,

2021

November 27,

2020

Equity plans

143

1,497

We have the option to pay cash, issue shares or any combination thereof for the aggregate amount due upon any conversion of our 2026 Notes. It is our intent to settle the principal amount of the 2026 Notes in cash upon any conversion. As a result, only the amounts payable in excess of the principal amounts upon conversion of the 2026 Notes are considered in diluted earnings per share under the treasury stock method. As a result, the 2026 Notes would be dilutive when the average share price of the Company’s ordinary shares for a reporting period exceeds the conversion price of the 2026 Notes of $40.61 per share. See “Debt – Convertible Senior Notes.”