XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 27, 2022
May 28, 2021
May 27, 2022
May 28, 2021
Income Statement [Abstract]        
Net sales $ 462,540 $ 437,728 $ 1,381,655 [1] $ 1,033,433 [1]
Cost of sales 348,077 353,241 1,032,278 842,847
Gross profit 114,463 84,487 349,377 190,586
Operating expenses:        
Research and development 20,298 16,718 56,749 32,534
Selling, general and administrative 58,732 48,475 164,396 118,195
Change in fair value of contingent consideration 124 16,400 41,324 16,400
Total operating expenses 79,154 81,593 262,469 167,129
Operating income 35,309 2,894 86,908 23,457
Non-operating (income) expense:        
Interest expense, net 5,110 5,049 14,678 12,568
Other non-operating (income) expense 550 489 3,570 1,187
Total non-operating (income) expense 5,660 5,538 18,248 13,755
Income (loss) before taxes 29,649 (2,644) 68,660 9,702
Income tax provision 5,154 4,010 20,495 8,485
Net income (loss) 24,495 (6,654) 48,165 1,217
Net income attributable to noncontrolling interest 382 557 1,567 557
Net income (loss) attributable to SGH $ 24,113 $ (7,211) $ 46,598 $ 660
Earnings (loss) per share:        
Basic (in usd per share) $ 0.48 $ (0.15) $ 0.94 $ 0.01
Diluted (in usd per share) $ 0.44 $ (0.15) $ 0.84 $ 0.01
Shares used in per share calculations:        
Basic (in shares) 50,095 48,071 49,543 48,542
Diluted (in shares) 54,998 48,071 55,756 51,167
[1] Sales to related parties were de minimis in 2022 and were $20,103 and $53,251 in the three and nine months ended May 28, 2021, respectively.