Consolidated Balance Sheets - USD ($) $ in Thousands	May 26, 2023	Aug. 26, 2022
Assets
Cash and cash equivalents	$ 401,275	$ 363,065
Accounts receivable, net	243,571	410,323
Inventories	226,051	323,084
Other current assets	68,014	55,393
Total current assets	938,911	1,151,865
Property and equipment, net	177,751	153,935
Operating lease right-of-use assets	77,789	77,399
Intangible assets, net	171,415	77,812
Goodwill	183,089	74,009
Other noncurrent assets	42,233	37,044
Total assets	1,591,188	1,572,064
Liabilities and Equity
Accounts payable and accrued expenses	210,125	413,354
Current debt	32,253	12,025
Acquisition-related contingent consideration	45,700	0
Other current liabilities	96,227	90,161
Total current liabilities	384,305	515,540
Long-term debt	782,258	591,389
Noncurrent operating lease liabilities	73,421	71,754
Other noncurrent liabilities	27,038	14,835
Total liabilities	1,267,022	1,193,518
Commitments and contingencies
SMART Global Holdings shareholders’ equity:
Ordinary shares, $0.03 par value; authorized 200,000 shares; 55,159 shares issued and 49,807 outstanding as of May 26, 2023; 52,880 shares issued and 48,604 outstanding as of August 26, 2022	1,655	1,586
Additional paid-in capital	432,185	448,112
Retained earnings	223,301	251,344
Treasury shares, 5,351 and 4,276 shares held as of May 26, 2023 and August 26, 2022, respectively	(124,659)	(107,776)
Accumulated other comprehensive income (loss)	(214,385)	(221,655)
Total SGH shareholders’ equity	318,097	371,611
Noncontrolling interest in subsidiary	6,069	6,935
Total equity	324,166	378,546
Total liabilities and equity	$ 1,591,188	$ 1,572,064