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Segment Reporting
6 Months Ended
Oct. 28, 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 EndedSix Months Ended
October 28,
2023
October 29,
2022
October 28,
2023
October 29,
2022
Net sales:
Commercial$42,453 $37,047 $89,336 $77,165 
Live Events68,210 69,239 160,209 125,622 
High School Park and Recreation48,942 42,006 105,176 77,815 
Transportation20,243 16,679 41,612 36,219 
International19,521 22,468 35,567 42,538 
199,369 187,439 431,900 359,359 
Gross profit:
Commercial7,231 6,197 20,000 11,018 
Live Events19,234 7,983 47,174 11,769 
High School Park and Recreation16,420 11,811 37,245 21,788 
Transportation6,780 4,084 13,869 9,922 
International4,534 1,629 7,058 3,001 
54,199 31,704 125,346 57,498 
Operating expenses:
Selling14,653 14,525 27,582 28,958 
General and administrative10,889 8,687 20,488 18,128 
Product design and development9,221 6,966 17,624 14,405 
34,763 30,178 65,694 61,491 
Operating income (loss)19,436 1,526 59,652 (3,993)
Nonoperating (expense) income:
Interest (expense) income, net(1,326)(263)(2,207)(323)
Change in fair value of convertible note(10,650)— (17,910)— 
Other expense and debt issuance costs write-off, net(1,303)(208)(5,282)(955)
Income (loss) before income taxes$6,157 $1,055 $34,253 $(5,271)
Depreciation and amortization:
Commercial$1,070 $834 $2,112 $1,637 
Live Events1,604 1,627 3,217 3,193 
High School Park and Recreation474 383 936 722 
Transportation174 128 342 253 
International572 566 1,138 1,111 
Unallocated corporate depreciation and amortization931 662 1,749 1,309 
$4,825 $4,200 $9,494 $8,225 
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 EndedSix Months Ended
October 28,
2023
October 29,
2022
October 28,
2023
October 29,
2022
Net sales:    
United States$178,144 $163,142 $392,737 $312,580 
Outside United States21,225 24,297 39,163 46,779 
$199,369 $187,439 $431,900 $359,359 
October 28,
2023
April 29,
2023
Property and equipment, net of accumulated depreciation:  
United States$65,026 $63,786 
Outside United States7,593 8,361 
$72,619 $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.