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Segment Reporting
3 Months Ended
Jul. 29, 2023
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following table sets forth certain financial information for each of our five reporting segments for the periods indicated:
Three Months Ended
July 29,
2023
July 30,
2022
Net sales:
Commercial$46,883 $40,118 
Live Events91,999 56,383 
High School Park and Recreation56,234 35,809 
Transportation21,369 19,540 
International16,046 20,070 
232,531 171,920 
Gross profit:
Commercial12,769 4,821 
Live Events27,940 3,786 
High School Park and Recreation20,825 9,977 
Transportation7,089 5,838 
International2,524 1,372 
71,147 25,794 
Operating expenses:
Selling12,929 14,433 
General and administrative9,599 9,441 
Product design and development8,403 7,439 
30,931 31,313 
Operating income (loss)40,216 (5,519)
Nonoperating (expense) income:
Interest (expense) income, net(881)(60)
Change in fair value of convertible note(7,260)— 
Other expense and debt issuance costs write-off, net(3,979)(747)
Income (loss) before income taxes$28,096 $(6,326)
Depreciation and amortization:
Commercial$1,042 $803 
Live Events1,613 1,566 
High School Park and Recreation462 339 
Transportation168 125 
International566 545 
Unallocated corporate depreciation and amortization818 647 
$4,669 $4,025 
No single geographic area comprises a material amount of our net sales or property and equipment, net of accumulated depreciation, other than the United States. The following table presents information about net sales and property and equipment, net of accumulated depreciation, in the United States and elsewhere:
Three Months Ended
July 29,
2023
July 30,
2022
Net sales:  
United States$214,593 $149,438 
Outside United States17,938 22,482 
$232,531 $171,920 
July 29,
2023
April 29,
2023
Property and equipment, net of accumulated depreciation:  
United States$64,251 $63,786 
Outside United States7,829 8,361 
$72,080 $72,147 
We have numerous customers worldwide for sales of our products and services, and no customer accounted for 10 percent or more of net sales; therefore, we are not economically dependent on a limited number of customers for the sale of our products and services.
We have numerous raw material and component suppliers, and no supplier accounts for 10 percent or more of our cost of sales; however, we have a complex global supply chain subject to geopolitical and transportation risks and a number of single-source suppliers that could limit our supply or cause delays in obtaining raw materials and components needed in manufacturing.