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Organization and Significant Accounting Policies (Tables)

6 Months Ended

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