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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 26, 2023
May 27, 2022
May 26, 2023
May 27, 2022
Total net sales $ 383,330 $ 462,540 $ 1,277,982 $ 1,381,655
Total cost of sales 284,687 348,077 950,548 1,032,278
Gross profit 98,643 114,463 327,434 349,377
Operating expenses:        
Research and development 22,235 20,298 72,956 56,749
Selling, general and administrative 70,596 58,483 204,389 164,147
Impairment of goodwill 0 0 17,558 0
Change in fair value of contingent consideration 14,800 124 24,900 41,324
Other operating (income) expense (186) 249 6,009 249
Total operating expenses 107,445 79,154 325,812 262,469
Operating income (loss) (8,802) 35,309 1,622 86,908
Non-operating (income) expense:        
Interest expense, net 8,059 5,110 24,102 14,678
Other non-operating (income) expense 514 550 13,183 3,570
Total non-operating (income) expense 8,573 5,660 37,285 18,248
Income (loss) before taxes (17,375) 29,649 (35,663) 68,660
Income tax provision 6,702 5,154 9,876 20,495
Net income (loss) (24,077) 24,495 (45,539) 48,165
Net income attributable to noncontrolling interest 378 382 1,143 1,567
Net income (loss) attributable to SGH $ (24,455) $ 24,113 $ (46,682) $ 46,598
Earnings (loss) per share        
Basic (in usd per share) $ (0.50) $ 0.48 $ (0.95) $ 0.94
Diluted (in usd per share) $ (0.50) $ 0.44 $ (0.95) $ 0.84
Shares used in per share calculations:        
Basic (in shares) 49,380 50,095 49,152 49,543
Diluted (in shares) 49,380 54,998 49,152 55,756
Products        
Total net sales $ 325,665 $ 414,160 $ 1,089,703 $ 1,264,378
Total cost of sales 259,975 329,349 875,769 985,600
Services        
Total net sales 57,665 48,380 188,279 117,277
Total cost of sales $ 24,712 $ 18,728 $ 74,779 $ 46,678