Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2024	Aug. 25, 2023
Assets
Cash and cash equivalents	$ 453,791	$ 365,563
Short-term investments	13,746	25,251
Accounts receivable, net	211,842	219,247
Inventories	177,299	174,977
Other current assets	85,649	51,790
Current assets of discontinued operations	0	70,574
Total current assets	942,327	907,402
Property and equipment, net	107,646	118,734
Operating lease right-of-use assets	61,729	68,444
Intangible assets, net	131,380	160,185
Goodwill	161,958	161,958
Deferred tax assets	77,903	74,085
Other noncurrent assets	63,190	15,150
Total assets	1,546,133	1,505,958
Liabilities and Equity
Accounts payable and accrued expenses	230,646	182,035
Current debt	0	35,618
Deferred revenue	88,719	48,096
Acquisition-related contingent consideration	0	50,000
Other current liabilities	31,777	32,731
Current liabilities of discontinued operations	0	77,770
Total current liabilities	351,142	426,250
Long-term debt	667,042	754,820
Noncurrent operating lease liabilities	62,054	66,407
Other noncurrent liabilities	35,374	29,248
Total liabilities	1,115,612	1,276,725
Commitments and contingencies
SMART Global Holdings shareholders’ equity:
Ordinary shares, $0.03 par value; authorized 200,000 shares; 59,676 shares issued and 52,865 outstanding as of May 31, 2024; 57,542 shares issued and 51,901 outstanding as of August 25, 2023	1,790	1,726
Additional paid-in capital	517,548	476,703
Retained earnings	54,532	82,457
Treasury shares, 6,811 and 5,641 shares held as of May 31, 2024 and August 25, 2023, respectively	(150,438)	(132,447)
Accumulated other comprehensive income (loss)	17	(205,964)
Total SGH shareholders’ equity	423,449	222,475
Noncontrolling interest in subsidiary	7,072	6,758
Total equity	430,521	229,233
Total liabilities and equity	$ 1,546,133	$ 1,505,958