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Segment and Other Information (Tables)
3 Months Ended
Nov. 26, 2021
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 26,

2021

 

 

November 27,

2020

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

Memory Solutions

 

$

239,401

 

 

$

225,823

 

Intelligent Platform Solutions

 

 

118,654

 

 

 

65,874

 

LED Solutions

 

 

111,889

 

 

 

—

 

Total net sales

 

$

469,944

 

 

$

291,697

 

 

 

 

 

 

 

 

 

 

Segment operating income:

 

 

 

 

 

 

 

 

Memory Solutions

 

$

36,670

 

 

$

20,861

 

Intelligent Platform Solutions

 

 

14,180

 

 

 

2,881

 

LED Solutions

 

 

18,300

 

 

 

—

 

Total segment operating income

 

 

69,150

 

 

 

23,742

 

 

 

 

 

 

 

 

 

 

Unallocated:

 

 

 

 

 

 

 

 

Share-based compensation expense

 

 

(9,775

)

 

 

(11,088

)

Amortization of acquisition-related intangibles

 

 

(6,343

)

 

 

(3,413

)

Change in fair value of contingent consideration

 

 

(17,200

)

 

 

—

 

Other

 

 

(1,038

)

 

 

(1,617

)

Total unallocated

 

 

(34,356

)

 

 

(16,118

)

Consolidated operating income

 

$

34,794

 

 

$

7,624