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Segment Reporting
6 Months Ended
Oct. 26, 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 EndedSix Months Ended
October 26,
2024
October 28,
2023
October 26,
2024
October 28,
2023
Net sales:
Commercial$43,439 $42,453 $77,638 $89,336 
Live Events77,207 68,210 185,815 160,209 
High School Park and Recreation48,071 48,942 96,077 105,176 
Transportation21,478 20,243 43,968 41,612 
International18,136 19,521 30,921 35,567 
208,331 199,369 434,419 431,900 
Gross profit:
Commercial11,138 7,231 18,733 20,000 
Live Events14,970 19,234 40,998 47,174 
High School Park and Recreation17,804 16,420 35,120 37,245 
Transportation8,672 6,780 16,421 13,869 
International3,279 4,534 4,289 7,058 
55,863 54,199 115,561 125,346 
Operating expenses:
Selling14,704 14,653 30,340 27,582 
General and administrative15,550 10,889 27,273 20,488 
Product design and development9,839 9,221 19,462 17,624 
40,093 34,763 77,075 65,694 
Operating income15,770 19,436 38,486 59,652 
Nonoperating (expense) income:
Interest (expense) income, net273 (1,326)202 (2,207)
Change in fair value of convertible note10,304 (10,650)(11,286)(17,910)
Other expense and debt issuance costs write-off, net(1,164)(1,303)(1,999)(5,282)
Income before income taxes$25,183 $6,157 $25,403 $34,253 
Depreciation and amortization:
Commercial$1,075 $1,070 $2,157 $2,112 
Live Events1,412 1,604 2,841 3,217 
High School Park and Recreation533 474 1,066 936 
Transportation205 174 407 342 
International550 572 1,112 1,138 
Unallocated corporate depreciation and amortization1,126 931 2,211 1,749 
$4,901 $4,825 $9,794 $9,494 
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 26,
2024
October 28,
2023
October 26,
2024
October 28,
2023
Net sales:    
United States$184,438 $178,144 $391,657 $392,737 
Outside United States23,893 21,225 42,762 39,163 
$208,331 $199,369 $434,419 $431,900 
October 26,
2024
April 27,
2024
Property and equipment, net of accumulated depreciation:  
United States$66,770 $64,332 
Outside United States7,045 7,420 
$73,815 $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.