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Segment Reporting
3 Months Ended
Jul. 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 Ended
July 27,
2024
July 29,
2023
Net sales:
Commercial$34,199 $46,883 
Live Events108,608 91,999 
High School Park and Recreation48,006 56,234 
Transportation22,490 21,369 
International12,785 16,046 
226,088 232,531 
Gross profit:
Commercial7,595 12,769 
Live Events26,028 27,940 
High School Park and Recreation17,316 20,825 
Transportation7,749 7,089 
International1,010 2,524 
59,698 71,147 
Operating expenses:
Selling15,636 12,929 
General and administrative11,723 9,599 
Product design and development9,623 8,403 
36,982 30,931 
Operating income22,716 40,216 
Nonoperating (expense) income:
Interest (expense) income, net(71)(881)
Change in fair value of convertible note(21,590)(7,260)
Other expense and debt issuance costs write-off, net(835)(3,979)
Income before income taxes$220 $28,096 
Depreciation and amortization:
Commercial$1,082 $1,042 
Live Events1,429 1,613 
High School Park and Recreation533 462 
Transportation202 168 
International562 566 
Unallocated corporate depreciation and amortization1,085 818 
$4,893 $4,669 
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 27,
2024
July 29,
2023
Net sales:  
United States$207,219 $214,593 
Outside United States18,869 17,938 
$226,088 $232,531 
July 27,
2024
April 27,
2024
Property and equipment, net of accumulated depreciation:  
United States$66,168 $64,332 
Outside United States7,445 7,420 
$73,613 $71,752 
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.