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v3.24.2.u1

Segments (Tables) | 3 Months Ended
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Jul. 27, 2024
Segments |
Schedule of segment results | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 27, 2024
​ |  | UxS |  | LMS |  | MW | ​ | Total
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product sales | ​ | $ | 112,301 | ​ | $ | 47,180 | ​ | $ | 23 | ​ | $ | 159,504
Contract services | ​ | ​ | 7,675 | ​ | ​ | 4,793 | ​ | ​ | 17,511 | ​ | ​ | 29,979
​ | ​ | $ | 119,976 | ​ | $ | 51,973 | ​ | $ | 17,534 | ​ | $ | 189,483
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted gross margin | ​ | $ | 67,252 | ​ | $ | 13,272 | ​ | $ | 4,657 | ​ | $ | 85,181
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 6,901 | ​ | $ | 800 | ​ | $ | 1,151 | ​ | $ | 8,852
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended July 29, 2023
​ |  | UxS |  | LMS |  | MW | ​ | Total
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product sales | ​ | $ | 93,231 | ​ | $ | 25,325 | ​ | $ | 915 | ​ | $ | 119,471
Contract services | ​ | ​ | 4,976 | ​ | ​ | 5,592 | ​ | ​ | 22,308 | ​ | ​ | 32,876
​ | ​ | $ | 98,207 | ​ | $ | 30,917 | ​ | $ | 23,223 | ​ | $ | 152,347
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted gross margin | ​ | $ | 50,426 | ​ | $ | 12,323 | ​ | $ | 5,308 | ​ | $ | 68,057
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 5,153 | ​ | $ | 559 | ​ | $ | 1,239 | ​ | $ | 6,951
Schedule of reconciliation from segment adjusted income from operations to income (loss) before taxes | The following table (in thousands) provides a reconciliation from segment adjusted gross margin to income before income taxes: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended
​ | ​ | July 27, |  | July 29,
​ | ​ | 2024 | ​ | 2023
Segment adjusted gross margin | ​ | $ | 85,181 | ​ | $ | 68,057
Amortization in cost of sales | ​ | ​ | (3,714) | ​ | ​ | (2,397)
Selling, general and administrative | ​ | ​ | (33,795) | ​ | ​ | (23,827)
Research and development | ​ | ​ | (24,613) | ​ | ​ | (15,466)
Interest expense, net | ​ | ​ | (239) | ​ | ​ | (2,008)
Other expense, net | ​ | ​ | (234) | ​ | ​ | (1,129)
Income before income taxes | ​ | $ | 22,586 | ​ | $ | 23,230
Schedule of identifiable assets by segment | Identifiable segment assets are summarized in the table below. Corporate assets primarily consist of cash and cash equivalents, prepaid expenses and other current assets, long-term investments, property and equipment, net, operating lease right-of-use assets, deferred income taxes and other assets managed centrally on behalf of the business segments. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | UxS |  | LMS |  | MW |  | Corporate | ​ | Total
As of July 27, 2024 | ​ | $ | 535,001 | ​ | $ | 197,738 | ​ | $ | 49,874 | ​ | $ | 216,556 | ​ | $ | 999,169
As of April 30, 2024 | ​ | $ | 590,619 | ​ | $ | 165,413 | ​ | $ | 50,767 | ​ | $ | 209,061 | ​ | $ | 1,015,860
​ Capital expenditures are summarized in the table below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | UxS |  | LMS |  | MW |  | Corporate | ​ | Total
Three Months Ended July 27, 2024 | ​ | $ | 2,151 | ​ | $ | 1,069 | ​ | $ | 1,353 | ​ | $ | 857 | ​ | $ | 5,430
Three Months Ended July 29, 2023 | ​ | $ | 2,054 | ​ | $ | 642 | ​ | $ | 638 | ​ | $ | 298 | ​ | $ | 3,632
​

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