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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 29, 2023
Dec. 23, 2022
Dec. 29, 2023
Dec. 23, 2022
Net sales $ 254,984 $ 248,789 $ 808,786 $ 704,208
Cost of goods sold 121,156 84,776 354,561 247,805
Cost of goods sold to related party 0 21,419 2,944 63,413
Gross profit 133,828 142,594 451,281 392,990
Operating expenses:        
Research and development 44,396 39,593 130,799 109,017
Selling, general and administrative 52,746 37,373 140,135 143,770
Total operating expenses 97,142 76,966 270,934 252,787
Operating income 36,686 65,628 180,347 140,203
Other income (expense):        
Interest expense (3,854) (613) (5,381) (1,581)
Interest income 857 360 2,550 1,144
Other income (expense), net 2,682 6,716 30 3,659
Income before income taxes 36,371 72,091 177,546 143,425
Income tax provision 2,969 7,540 17,584 17,943
Net income 33,402 64,551 159,962 125,482
Net income attributable to non-controlling interests 57 32 150 102
Net income attributable to Allegro MicroSystems, Inc. $ 33,345 $ 64,519 $ 159,812 $ 125,380
Net income per common share attributable to Allegro MicroSystems, Inc.:        
Basic (in dollars per share) $ 0.17 $ 0.34 $ 0.83 $ 0.66
Diluted (in dollars per share) $ 0.17 $ 0.33 $ 0.82 $ 0.65
Weighted average shares outstanding:        
Basic (in shares) 192,724,541 191,328,538 192,384,315 191,082,141
Diluted (in shares) 194,570,380 193,935,908 194,925,040 193,100,762
Net sales        
Net sales $ 254,984 $ 203,672 $ 802,625 $ 572,356
Net sales to related party        
Net sales $ 0 $ 45,117 $ 6,161 $ 131,852