XML 51 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segments (Tables)
9 Months Ended
Jan. 25, 2025
Segments  
Schedule of segment results

Three Months Ended January 25, 2025

    

UxS

    

LMS

    

MW

Total

Revenue:

Product sales

$

57,848

$

80,206

$

1,699

$

139,753

Contract services

5,902

3,735

18,246

27,883

$

63,750

$

83,941

$

19,945

$

167,636

Segment adjusted gross margin

$

29,418

33,008

4,476

$

66,902

Depreciation and amortization

$

7,045

$

906

$

1,339

$

9,290

Three Months Ended January 27, 2024

    

UxS

    

LMS

    

MW

Total

Revenue:

Product sales

$

104,522

$

51,338

$

63

$

155,923

Contract services

8,768

6,320

15,567

30,655

$

113,290

$

57,658

$

15,630

$

186,578

Segment adjusted gross margin

$

50,050

17,980

3,294

$

71,324

Depreciation and amortization

$

7,523

$

672

$

1,387

$

9,582

Nine Months Ended January 25, 2025

    

UxS

    

LMS

    

MW

    

Total

Revenue:

Product sales

$

249,296

$

199,316

$

1,876

$

450,488

Contract services

19,846

14,313

60,930

95,089

$

269,142

$

213,629

$

62,806

$

545,577

Segment adjusted gross margin

$

138,040

76,437

14,963

$

229,440

Depreciation and amortization

$

20,855

$

2,575

$

3,714

$

27,144

Nine Months Ended January 27, 2024

    

UxS

    

LMS

    

MW

    

Total

Revenue:

Product sales

$

318,708

$

100,645

$

1,820

$

421,173

Contract services

25,562

18,179

54,827

98,568

$

344,270

$

118,824

$

56,647

$

519,741

Segment adjusted gross margin

$

166,088

39,648

12,206

$

217,942

Depreciation and amortization

$

19,104

$

1,848

$

4,017

$

24,969

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

Nine Months Ended

Nine Months Ended

January 25,

    

January 27,

January 25,

    

January 27,

2025

2024

2025

2024

Segment adjusted gross margin

$

66,902

$

71,324

$

229,440

$

217,942

Amortization in cost of sales

(3,703)

(4,037)

(11,136)

(9,645)

Selling, general and administrative

(43,788)

(27,826)

(115,499)

(79,800)

Research and development

(22,498)

(25,127)

(75,827)

(62,618)

Interest expense, net

(248)

(114)

(1,177)

(4,072)

Other expense, net

976

1,004

758

(2,983)

Income before income taxes

$

(2,359)

$

15,224

$

26,559

$

58,824

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 January 25, 2025

$

504,880

$

273,454

$

49,948

$

219,861

$

1,048,143

As of April 30, 2024

$

590,619

$

165,413

$

50,767

$

209,061

$

1,015,860