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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 01, 2024
Feb. 24, 2023
Mar. 01, 2024
Feb. 24, 2023
Total net sales $ 284,821 $ 388,377 $ 559,068 $ 780,174
Total cost of sales 202,887 277,369 394,284 557,068
Gross profit 81,934 111,008 164,784 223,106
Operating expenses:        
Research and development 20,526 25,272 41,915 49,344
Selling, general and administrative 61,385 60,074 118,602 127,782
Impairment of goodwill 0 17,558 0 17,558
Change in fair value of contingent consideration 0 6,400 0 10,100
Other operating (income) expense 3,335 3,781 6,274 5,552
Total operating expenses 85,246 113,085 166,791 210,336
Operating income (loss) (3,312) (2,077) (2,007) 12,770
Non-operating (income) expense:        
Interest expense, net 7,249 9,430 16,808 17,924
Other non-operating (income) expense 248 13,307 (328) 11,945
Total non-operating (income) expense 7,497 22,737 16,480 29,869
Income (loss) before taxes (10,809) (24,814) (18,487) (17,099)
Income tax provision (benefit) 2,198 8,149 5,732 19,471
Net income (loss) from continuing operations (13,007) (32,963) (24,219) (36,570)
Net income (loss) from discontinued operations 0 6,177 (8,148) 15,108
Net income (loss) (13,007) (26,786) (32,367) (21,462)
Net income attributable to noncontrolling interest 613 433 1,174 765
Net income (loss) attributable to SGH $ (13,620) $ (27,219) $ (33,541) $ (22,227)
Basic earnings (loss) per share:        
Continuing Operations (in usd per share) $ (0.26) $ (0.68) $ (0.49) $ (0.76)
Discontinued Operations (in usd per share) 0 0.13 (0.15) 0.31
Basic (in usd per share) (0.26) (0.55) (0.64) (0.45)
Diluted earnings (loss) per share:        
Continuing Operations (in usd per share) (0.26) (0.68) (0.49) (0.76)
Discontinued Operations (in usd per share) 0 0.13 (0.15) 0.31
Diluted (in usd per share) $ (0.26) $ (0.55) $ (0.64) $ (0.45)
Shares used in per share calculations:        
Basic (in shares) 52,031 49,116 52,050 49,039
Diluted (in shares) 52,031 49,116 52,050 49,039
Products        
Total net sales $ 235,457 $ 333,052 $ 441,887 $ 649,560
Total cost of sales 179,889 255,710 343,302 507,001
Services        
Total net sales 49,364 55,325 117,181 130,614
Total cost of sales $ 22,998 $ 21,659 $ 50,982 $ 50,067