Earnings Per Share

12 Months Ended

Aug. 26, 2022


Year ended	August 26, 2022		August 27, 2021		August 28, 2020
Net income (loss) attributable to SGH – Basic and Diluted	$	66,557	$	21,310	$	(1,143)

Weighted-average shares outstanding – Basic	49,467		48,558		47,988
Dilutive effect of equity plans and convertible notes	4,976		3,026		—
Weighted-average shares outstanding – Diluted	54,443		51,584		47,988

Earnings (loss) per share:
Basic	$	1.35	$	0.44	$	(0.02)
Diluted	$	1.22	$	0.41	$	(0.02)

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


As of	August 26, 2022	August 27, 2021	August 28, 2020
Equity plans	329	5,380	9,369
Convertible notes	—	—	12,313
	329	5,380	21,682

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. Through 2022, it was 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.

On August 26, 2022, we made an irrevocable election, effective August 27, 2022, under the indenture to require the principal portion of our 2026 Notes to be settled in cash and any conversion consideration in excess of the principal portion in cash and/or ordinary shares at our option upon conversion. Following the irrevocable election, only the amounts expected to be settled in excess of the principal portion are considered dilutive in calculating earnings per share under the if-converted method. See “Subsequent Events – First Supplemental Indenture to Indenture Governing 2.25% Convertible Senior Notes Due 2026.” 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.