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Stock-Based Compensation (Tables) | 3 Months Ended
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Aug. 03, 2025
Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units | The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on our outstanding performance-based restricted stock units granted to senior executives on August 8, 2024, January 8, 2024, and September 28, 2023:
|  | August 8, |  |  | January 8, |  |  | September 28, |  |
|  |  | 2024 |  |  | 2024 |  |  | 2023 |  |
Closing price of our common stock |  | $ | 4.65 |  |  | $ | 5.61 |  |  | $ | 5.59 |  |
Expected volatility of our common stock |  |  | 35.0 |  | % |  | 33.5 |  | % |  | 37.3 |  | %
Expected volatility of peer companies |  | 22.6- 104.0 |  | % | 33.7 - 102.6 |  | % | 35.7- 91.5 |  | %
Risk-free interest rate |  |  | 3.90 |  | % |  | 4.3 |  | % |  | 4.9 |  | %
Dividend yield |  |  | 0.00 |  | % |  | 0.00 |  | % |  | 0.00 |  | %
Correlation coefficient of peer companies |  | (0.01) - 0.17 |  |  | 0.01 - 0.21 |  |  | 0.01 - 0.21 |  |
Executive officers and key employees [Member] |
Summary of Grants of Performance Based Restricted Stock Units | The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives that were unvested as of August 3, 2025:
|  | (1) |  |  | (2) |  |  |  |  |  |  |
|  | Performance-Based |  |  | Restricted Stock |  |  |  |  |  |  |
|  | Restricted Stock |  |  | Units Expected |  |  |  |  |  |  |
Date of Grant |  | Units Awarded |  |  | to Vest |  |  | Price Per Share |  |  |  | Vesting Period
August 8, 2024 |  |  | 505,003 |  |  |  | — |  |  | $ | 5.35 |  | (3) |  | 3 years
January 8, 2024 |  |  | 16,399 |  |  |  | 4,238 |  |  | $ | 6.23 |  | (4) |  | 31 months
September 28, 2023 |  |  | 62,569 |  |  |  | — |  |  | $ | 6.43 |  | (5) |  | 34 months
(1) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements as of the date of grant. (2) Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance targets will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of August 3, 2025. (3) Price per share represents the fair market value per share ($1.15 per $1, or an increase of $0.70 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($4.65) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 8, 2024. (4) Price per share represents the fair market value per share ($1.11 per $1, or an increase of $0.62 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($5.61) for the performance-based component of the performance-based restricted stock units granted to a senior executive on January 8, 2024. (5) Price per share represents the fair market value per share ($1.15 per $1, or an increase of $0.84 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($5.59) for the performance-based component of the performance-based restricted stock units granted to senior executives on September 28, 2023.
Senior Executives and Management [Member] | Time-Based Restricted Stock Units [Member] |
Summary of Grants of Time-Based Restricted Stock Unit Awards | The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives, key employees, and outside directors that were unvested as of August 3, 2025:
|  | Time-Based |  |  |  |  |  |  |
|  | Restricted Stock |  |  | (1) |  |  |  |
Date of Grant |  | Units Outstanding |  |  | Price Per Share |  | Vesting Period
January 6, 2025 (3) |  |  | 21,506 |  |  | $ | 5.69 |  |  |  | 3 years
September 26, 2024 (2) |  |  | 46,823 |  |  | $ | 5.98 |  |  |  | 1 year
August 8, 2024 (3) |  |  | 17,900 |  |  | $ | 4.65 |  |  |  | 3 years
January 8, 2024 (3) |  |  | 14,758 |  |  | $ | 5.61 |  |  |  | 31 months
September 28, 2023 (3) |  |  | 86,551 |  |  | $ | 5.59 |  |  |  | 34 months
September 6, 2022 (3) |  |  | 12,557 |  |  | $ | 4.58 |  |  |  | 3 years
(1) Price per share represents closing price of our common stock on the date the respective award was granted. (2) Time-based restricted stock units awarded to outside directors. (3) Time-based restricted stock units awarded to senior executives and key employees.

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