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Income Taxes (Tables) | 12 Months Ended
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Apr. 26, 2025
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The following tables reflect the significant components of our income tax provision. The pretax income (loss) attributable to domestic and foreign operations was as follows:
| Year Ended
| April 26, 2025 |  | April 27, 2024 |  | April 29, 2023
Domestic | $ | (13,407) |  |  | $ | 46,763 |  |  | $ | 10,125 |
Foreign | 7,556 |  |  | 7,288 |  |  | 3,132 |
(Loss) Income before income taxes | $ | (5,851) |  |  | $ | 54,051 |  |  | $ | 13,257 |
Schedule of Components of Income Tax Expense (Benefit) | Income tax expense (benefit) consisted of the following:
| Year Ended
| April 26, 2025 |  | April 27, 2024 |  | April 29, 2023
Current: |  |  |  |  |
Federal | $ | 6,819 |  |  | $ | 21,174 |  |  | $ | 6,321 |
State | 1,786 |  |  | 5,512 |  |  | 1,381 |
Foreign | 1,965 |  |  | 1,813 |  |  | 2,273 |
Deferred: |  |  |  |  |
Federal | (5,308) |  |  | (8,101) |  |  | (3,025) |
State | (946) |  |  | (1,045) |  |  | (456) |
Foreign | (46) |  |  | 77 |  |  | (39) |
| $ | 4,270 |  |  | $ | 19,430 |  |  | $ | 6,455 |
Schedule of Effective Income Tax Rate Reconciliation | The reconciliation of the provision for income taxes and the amount computed by applying the federal statutory rate to income before income taxes is as follows:
| Year Ended
| April 26, 2025 |  | April 27, 2024 |  | April 29, 2023
Computed income tax expense at federal statutory rates | $ | (1,229) |  |  | $ | 11,351 |  |  | $ | 2,784 |
State taxes, net of federal benefit | 819 |  |  | 3,771 |  |  | 731 |
Change in fair value on convertible debt | 4,729 |  |  | 3,476 |  |  | — |
Change in valuation allowances | 655 |  |  | 2,076 |  |  | 2,078 |
Research and development tax credit | (1,025) |  |  | (1,203) |  |  | (684) |
Foreign-Derived Intangible Income (FDII) | (183) |  |  | (322) |  |  | (128) |
Meals and entertainment | 318 |  |  | 282 |  |  | 149 |
Stock compensation | (853) |  |  | (178) |  |  | 262 |
Other, net | 288 |  |  | 114 |  |  | 288 |
Write-down of Deferred Taxes | 499 |  |  | — |  |  | — |
Section 162(m) | 142 |  |  | — |  |  | — |
Effect of foreign tax rates different than statutory | (81) |  |  | 79 |  |  | 417 |
Change in uncertain tax positions | 112 |  |  | (35) |  |  | (86) |
GILTI | 79 |  |  | 19 |  |  | 6 |
Base Erosion Anti-Abuse Tax (BEAT) | — |  |  | — |  |  | 87 |
Goodwill Impairment | — |  |  | — |  |  | 551 |
| $ | 4,270 |  |  | $ | 19,430 |  |  | $ | 6,455 |
Schedule of Deferred Tax Assets and Liabilities | The components of the net deferred tax assets were as follows:
| April 26, 2025 |  | April 27, 2024
Deferred tax assets: |  |  |
Accrued warranty obligations | $ | 8,819 |  |  | $ | 9,361 |
Vacation accrual | 2,443 |  |  | 2,170 |
Deferred maintenance revenue | 998 |  |  | 777 |
Allowance for excess and obsolete inventory | 3,590 |  |  | 3,362 |
General reserve | 628 |  |  | — |
Equity compensation | 282 |  |  | 234 |
Allowance for credit losses accounts | 4,242 |  |  | 1,015 |
Inventory capitalization | 3,115 |  |  | 3,956 |
Accrued compensation and benefits | 942 |  |  | 424 |
Net operating loss carry forwards | 862 |  |  | 885 |
Outside basis difference in equity method investments | 7,030 |  |  | 6,295 |
Section 174 Capitalization | 12,840 |  |  | 9,878 |
Research and development tax credit carry forwards | 76 |  |  | 72 |
Lease accounting - lease liability | 1,250 |  |  | 1,038 |
Other | 646 |  |  | 630 |
Total deferred tax assets | 47,763 |  |  | 40,097 |
Valuation allowance | (7,887) |  |  | (7,197) |
Net deferred tax assets | 39,876 |  |  | 32,900 |
Deferred tax liabilities: |  |  |
Property and equipment | (5,904) |  |  | (5,506) |
Lease accounting - right of use asset | (1,250) |  |  | (1,020) |
Prepaid expenses | (557) |  |  | (477) |
Unrealized gain on foreign currency exchange | (146) |  |  | (64) |
Other | — |  |  | (114) |
Total deferred tax liabilities | (7,857) |  |  | (7,181) |
Net deferred tax asset | $ | 32,019 |  |  | $ | 25,719 |
The classification of the net deferred tax assets in the accompanying Consolidated Balance Sheets is:
| April 26, 2025 |  | April 27, 2024
Non-current assets | $ | 32,104 |  |  | $ | 25,862 |
Non-current liabilities | (85) |  |  | (143) |
| $ | 32,019 |  |  | $ | 25,719 |
Schedule of Unrecognized Tax Benefits Roll Forward | The summary of changes in the amounts related to unrecognized uncertain tax benefits are:
| April 26, 2025 |  | April 27, 2024
Balance at beginning of year | $ | 356 |  |  | $ | 392 |
Gross increases related to prior period tax positions | 24 |  |  | 15 |
Gross decreases related to prior period tax positions | (22) |  |  | (3) |
Gross increases related to current period tax positions | 122 |  |  | 123 |
Lapse of statute of limitations | (34) |  |  | (171) |
Balance at end of year | $ | 446 |  |  | $ | 356 |

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