Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
May 31, 2024 |
May 26, 2023 |
May 31, 2024 |
May 26, 2023 |
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| Total net sales | $ 300,580 | $ 344,418 | $ 859,648 | $ 1,124,592 | |
| Total cost of sales | 211,674 | 243,938 | 605,958 | 801,006 | |
| Gross profit | 88,906 | 100,480 | 253,690 | 323,586 | |
| Operating expenses: | |||||
| Research and development | 19,681 | 20,338 | 61,596 | 69,682 | |
| Selling, general and administrative | 57,249 | 67,914 | 175,851 | 195,696 | |
| Impairment of goodwill | 0 | 0 | 0 | 17,558 | |
| Change in fair value of contingent consideration | 0 | 14,800 | 0 | 24,900 | |
| Other operating (income) expense | 465 | (186) | 6,739 | 5,366 | |
| Total operating expenses | 77,395 | 102,866 | 244,186 | 313,202 | |
| Operating income (loss) | 11,511 | (2,386) | 9,504 | 10,384 | |
| Non-operating (income) expense: | |||||
| Interest expense, net | 6,167 | 9,314 | 22,975 | 27,238 | |
| Other non-operating (income) expense | 441 | 354 | 113 | 12,299 | |
| Total non-operating (income) expense | 6,608 | 9,668 | 23,088 | 39,537 | |
| Income (loss) before taxes | 4,903 | (12,054) | (13,584) | (29,153) | |
| Income tax provision (benefit) | (1,323) | 7,216 | 4,409 | 26,687 | |
| Net income (loss) from continuing operations | 6,226 | (19,270) | (17,993) | (55,840) | |
| Net income (loss) from discontinued operations | 0 | (4,807) | (8,148) | 10,301 | |
| Net income (loss) | 6,226 | (24,077) | (26,141) | (45,539) | |
| Net income attributable to noncontrolling interest | 610 | 378 | 1,784 | 1,143 | |
| Net income (loss) attributable to SGH | $ 5,616 | $ (24,455) | $ (27,925) | $ (46,682) | |
| Basic earnings (loss) per share: | |||||
| Continuing Operations (in usd per share) | $ 0.11 | $ (0.40) | $ (0.38) | $ (1.16) | |
| Discontinued Operations (in usd per share) | 0 | (0.10) | (0.15) | 0.21 | |
| Basic (in usd per share) | 0.11 | (0.50) | (0.53) | (0.95) | |
| Diluted earnings (loss) per share: | |||||
| Continuing Operations (in usd per share) | 0.10 | (0.40) | (0.38) | (1.16) | |
| Discontinued Operations (in usd per share) | 0 | (0.10) | (0.15) | 0.21 | |
| Diluted (in usd per share) | $ 0.10 | $ (0.50) | $ (0.53) | $ (0.95) | |
| Shares used in per share calculations: | |||||
| Basic (in shares) | 52,570 | 49,380 | 52,219 | 49,152 | |
| Diluted (in shares) | 54,283 | 49,380 | 52,219 | 49,152 | |
| Products | |||||
| Total net sales | $ 233,105 | $ 286,753 | $ 674,992 | $ 936,313 | |
| Total cost of sales | 182,517 | 219,226 | 525,819 | 726,227 | |
| Services | |||||
| Total net sales | 67,475 | 57,665 | 184,656 | 188,279 | |
| Total cost of sales | $ 29,157 | $ 24,712 | $ 80,139 | $ 74,779 | |
| X | ||||||||||
- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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