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Segment Reporting
9 Months Ended
Jan. 27, 2024
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 EndedNine Months Ended
January 27,
2024
January 28,
2023
January 27,
2024
January 28,
2023
Net sales:
Commercial$33,292 $49,967 $122,628 $127,132 
Live Events73,393 67,748 233,602 193,370 
High School Park and Recreation28,764 28,312 133,940 106,127 
Transportation19,605 17,578 61,217 53,797 
International15,249 21,370 50,816 63,908 
170,303 184,975 602,203 544,334 
Gross profit:
Commercial5,546 10,547 25,546 21,565 
Live Events21,102 14,405 68,276 26,174 
High School Park and Recreation8,029 7,555 45,274 29,343 
Transportation6,180 5,534 20,049 15,456 
International861 3,672 7,919 6,673 
41,718 41,713 167,064 99,211 
Operating expenses:
Selling14,258 12,908 41,840 41,866 
General and administrative10,589 9,861 31,077 27,989 
Product design and development8,835 7,250 26,459 21,655 
Goodwill impairment— 4,576 — 4,576 
33,682 34,595 99,376 96,086 
Operating income8,036 7,118 67,688 3,125 
Nonoperating (expense) income:
Interest (expense) income, net(745)(398)(2,952)(721)
Change in fair value of convertible note6,340 — (11,570)— 
Other expense and debt issuance costs write-off, net(1,000)(1,380)(6,282)(2,335)
Income before income taxes$12,631 $5,340 $46,884 $69 
Depreciation and amortization:
Commercial$1,166 $927 $3,278 $2,564 
Live Events1,533 1,534 4,750 4,727 
High School Park and Recreation508 452 1,444 1,174 
Transportation181 163 523 416 
International563 608 1,701 1,719 
Unallocated corporate depreciation and amortization925 634 2,674 1,943 
$4,876 $4,318 $14,370 $12,543 
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 EndedNine Months Ended
January 27,
2024
January 28,
2023
January 27,
2024
January 28,
2023
Net sales:    
United States$152,962 $161,467 $545,699 $474,048 
Outside United States17,341 23,508 56,504 70,286 
$170,303 $184,975 $602,203 $544,334 
January 27,
2024
April 29,
2023
Property and equipment, net of accumulated depreciation:  
United States$64,496 $63,786 
Outside United States7,910 8,361 
$72,406 $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.