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Organization and Significant Accounting Policies (Tables) | 6 Months Ended
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Oct. 26, 2024
Organization and Significant Accounting Policies |
Schedule of revenue by category | The following tables present the Company’s revenue disaggregated by segment, contract type, customer category and geographic location (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended |  | Six Months Ended | ​
​ |  | October 26, | ​ | October 28, |  | October 26, | ​ | October 28, | ​
Revenue by segment | ​ | 2024 |  | 2023 |  | 2024 |  | 2023 | ​
UxS | ​ | $ | 85,416 | ​ | $ | 132,773 | ​ | $ | 205,392 | ​ | $ | 230,980 | ​
LMS | ​ | ​ | 77,715 | ​ | ​ | 30,249 | ​ | ​ | 129,688 | ​ | ​ | 61,166 | ​
MW | ​ | ​ | 25,327 | ​ | ​ | 17,794 | ​ | ​ | 42,861 | ​ | ​ | 41,017 | ​
Total revenue | ​ | $ | 188,458 | ​ | $ | 180,816 | ​ | $ | 377,941 | ​ | $ | 333,163 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ |  | October 26, | ​ | October 28, |  | October 26, | ​ | October 28, | ​
Revenue by contract type | ​ | 2024 |  | 2023 | ​ | 2024 |  | 2023 | ​
FFP | ​ | $ | 168,752 | ​ | $ | 159,879 | ​ | $ | 340,620 | ​ | $ | 289,821 | ​
CPFF | ​ | ​ | 18,810 | ​ | ​ | 19,802 | ​ | ​ | 35,041 | ​ | ​ | 41,095 | ​
T&M | ​ |  | 896 | ​ |  | 1,135 |  |  | 2,280 | ​ |  | 2,247 | ​
Total revenue | ​ | $ | 188,458 | ​ | $ | 180,816 | ​ | $ | 377,941 | ​ | $ | 333,163 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ |  | October 26, | ​ | October 28, |  | October 26, | ​ | October 28, | ​
Revenue by customer category | ​ | 2024 |  | 2023 | ​ | 2024 |  | 2023 | ​
U.S. government | ​ | $ | 140,715 | ​ | $ | 149,959 | ​ | $ | 289,315 | ​ | $ | 251,307 | ​
Non-U.S. government | ​ | ​ | 47,743 | ​ | ​ | 30,857 | ​ | ​ | 88,626 | ​ | ​ | 81,856 | ​
Total revenue | ​ | $ | 188,458 | ​ | $ | 180,816 | ​ | $ | 377,941 | ​ | $ | 333,163 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | October 26, | ​ | October 28, | ​ | October 26, | ​ | October 28, | ​
Revenue by geographic location | ​ | 2024 |  | 2023 | ​ | 2024 |  | 2023 | ​
Domestic | ​ | $ | 86,958 | ​ | $ | 69,975 | ​ | $ | 153,956 | ​ | $ | 128,101 | ​
International | ​ | ​ | 101,500 | ​ | ​ | 110,841 | ​ | ​ | 223,985 | ​ | ​ | 205,062 | ​
Total revenue | ​ | $ | 188,458 | ​ | $ | 180,816 | ​ | $ | 377,941 | ​ | $ | 333,163 | ​
Schedule of revenue percentage by recognition method | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ | ​ | October 26, | ​ | October 28, | ​ | October 26, | ​ | October 28, | ​
Revenue percentage by recognition method | ​ | 2024 |  | 2023 | ​ | 2024 |  | 2023 | ​
Over time | ​ | ​ | 58% | ​ | ​ | 39% | ​ | ​ | 50% | ​ | ​ | 39% | ​
Point in time | ​ | ​ | 42% | ​ | ​ | 61% | ​ | ​ | 50% | ​ | ​ | 61% | ​
Total revenue | ​ | ​ | 100% | ​ | ​ | 100% | ​ | ​ | 100% | ​ | ​ | 100% | ​
Schedule of reconciliation of basic to diluted shares | The reconciliation of basic to diluted shares is as follows (in thousands except share data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended | ​ | ​ | Six Months Ended |
​ |  | October 26, 2024 |  | October 28, 2023 |  | October 26, 2024 |  | October 28, 2023 |
Net income | ​ | $ | 7,543 | ​ | $ | 17,840 | ​ | $ | 28,709 | ​ | $ | 39,735 | ​
Denominator for basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares | ​ |  | 28,009,963 | ​ |  | 26,865,763 |  | ​ | 27,985,425 |  | ​ | 26,479,168 | ​
Dilutive effect of employee stock options, restricted stock and restricted stock units | ​ |  | 135,627 | ​ |  | 91,043 |  | ​ | 154,517 |  | ​ | 90,099 | ​
Denominator for diluted earnings per share | ​ | ​ | 28,145,590 | ​ | ​ | 26,956,806 | ​ | ​ | 28,139,942 | ​ | ​ | 26,569,267 | ​

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