Earnings Per Share

9 Months Ended

May 27, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

	Three Months Ended				Nine Months Ended
	May 27, 2022		May 28, 2021		May 27, 2022		May 28, 2021
Net income (loss) attributable to SGH – Basic and Diluted	$	24,113	$	(7,211)	$	46,598	$	660
Weighted-average shares outstanding – Basic	50,095		48,071		49,543		48,542
Dilutive effect of equity plans and convertible notes	4,903		—		6,213		2,625
Weighted-average shares outstanding – Diluted	54,998		48,071		55,756		51,167
Earnings (loss) per share:
Basic	$	0.48	$	(0.15)	$	0.94	$	0.01
Diluted	$	0.44	$	(0.15)	$	0.84	$	0.01

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		Nine Months Ended
	May 27, 2022	May 28, 2021	May 27, 2022	May 28, 2021
Equity plans	459	5,283	333	2,790
Convertible notes	—	12,313	—	12,313
	459	17,596	333	15,103

We have the option to pay cash, issue shares or a 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. The 2026 Notes are 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 $20.30 per share. See “Debt – Convertible Senior Notes.”