Company: PENG
Filing Date: 2025-07-08
Form Type: 10-Q
Source: 0001628280-25-034541
Chunk: 93

Company: Penguin Solutions, Inc.
Filing Date: 2025-07-08
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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 be suspended or terminated by the Board of Directors at any time. In the first nine months of 2025 and 2024, we repurchased 2,456 thousand and 931 thousand ordinary shares for $40.9 million and $13.9 million, respectively, under the Current Authorization. As of May 30, 2025, an aggregate of $36.8 million remained available for the repurchase of our ordinary shares (and upon the consummation of the U.S. Domestication, the repurchase of our shares of common stock) under the Current Authorization. Certain of our agreements, including the 2022 Amended Credit Agreement, the SKT Purchase Agreement and the CPS Certificate of Designation, contain restrictions that limit our ability to repurchase our ordinary shares.Other Share RepurchasesOrdinary shares withheld as payment of withholding taxes and exercise prices in connection with the vesting or exercise of equity awards are treated as ordinary share repurchases. In the first nine months of 2025 and 2024, we repurchased 484 thousand and 239 thousand ordinary shares as payment of withholding taxes for $8.3 million and $4.1 million, respectively.Accumulated Other Comprehensive Income (Loss)Changes in accumulated other comprehensive income (loss) by component in the first nine months of 2025 were as follows:Gains (Losses)onInvestmentsAs of August 30, 2024$10 Other comprehensive income (loss) before reclassifications13 Reclassifications out of accumulated other comprehensive income— Other comprehensive income (loss)13 As of May 30, 2025$23 

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Fair Value MeasurementsFairValueCarryingValueFairValueCarryingValueAs ofMay 30, 2025August 30, 2024Assets:Derivative financial instruments$4,147 $4,147 $3,929 $3,929 Liabilities:Amended 2022 TLA$300,015 $298,107 $300,015 $297,821 2030 Notes$187,316 $193,613 $199,144 $193,355 2029 Notes$162,402 $147,842 $173,255 $147,724 2026 Notes$21,932 $19,916 $23,254 $19,891 The deferred cash adjustment resulting from the divestiture of an 81% interest in SMART Brazil