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Organization and Significant Accounting Policies (Tables)

9 Months Ended

Jan. 25, 2025

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						Nine Months Ended
		January 25,			January 27,			January 25,			January 27,
Revenue by segment		2025			2024			2025			2024
UxS		$	63,750		$	113,290		$	269,142		$	344,270
LMS			83,941			57,658			213,629			118,824
MW			19,945			15,630			62,806			56,647
Total revenue		$	167,636		$	186,578		$	545,577		$	519,741


		Three Months Ended						Nine Months Ended
		January 25,			January 27,			January 25,			January 27,
Revenue by contract type		2025			2024			2025			2024
FFP		$	148,768		$	167,256		$	489,388		$	457,077
CPFF			17,372			17,925			52,413			59,445
T&M			1,496			1,397			3,776			3,219
Total revenue		$	167,636		$	186,578		$	545,577		$	519,741


		Three Months Ended						Nine Months Ended
		January 25,			January 27,			January 25,			January 27,
Revenue by customer category		2025			2024			2025			2024
U.S. government		$	129,029		$	133,761		$	418,345		$	385,069
Non-U.S. government			38,607			52,817			127,232			134,672
Total revenue		$	167,636		$	186,578		$	545,577		$	519,741

		Three Months Ended						Nine Months Ended
		January 25,			January 27,			January 25,			January 27,
Revenue by geographic location		2025			2024			2025			2024
Domestic		$	104,097		$	62,865		$	258,053		$	186,445
International			63,539			123,713			287,524			333,296
Total revenue		$	167,636		$	186,578		$	545,577		$	519,741

Schedule of revenue percentage by recognition method


		Three Months Ended						Nine Months Ended
		January 25,			January 27,			January 25,			January 27,
Revenue percentage by recognition method		2025			2024			2025			2024
Over time			66%			46%			55%			40%
Point in time			34%			54%			45%			60%
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						Nine Months Ended
		January 25, 2025			January 27, 2024			January 25, 2025			January 27, 2024
Net (loss) income		$	(1,754)		$	13,885		$	26,955		$	53,620
Denominator for basic earnings per share:
Weighted average common shares			28,031,901			27,907,568			28,001,089			26,957,061
Dilutive effect of employee stock options, restricted stock and restricted stock units			—			136,559			170,000			104,348
Denominator for diluted (loss) earnings per share			28,031,901			28,044,127			28,171,089			27,061,409