v3.25.2
Segments (Tables)
3 Months Ended
Aug. 02, 2025
Segments  
Schedule of segment results Prior period segment information has been revised to align with the new segment measure of profitability.

Three Months Ended August 2, 2025

    

AxS

    

SCDE

Total

Revenue:

Product sales

$

240,744

$

72,789

Contract services

44,580

96,563

285,324

169,352

Less:

Cost of sales less intangible amortization and other purchase accounting adjustments

175,047

147,132

Intangible amortization included in cost of sales

21,982

15,397

Sales and marketing

29,256

27,568

General and administrative less intangible amortization

30,486

1,663

Intangible amortization included in SG&A

11,125

31,178

Research and development

29,763

3,351

Add:

Depreciation

7,771

2,801

Amortization

33,107

46,575

Acquisition-related expenses

15,553

8,176

Amortization of cloud computing arrangement implementation

747

9

Other income (expense)

(858)

518

Stock-based compensation

8,775

2,654

Segment adjusted EBITDA

$

52,760

$

3,796

$

56,556

Three Months Ended July 27, 2024

    

AxS

    

SCDE

Total

Revenue:

Product sales

$

159,504

$

Contract services

29,979

189,483

Less:

Cost of sales less intangible amortization and other purchase accounting adjustments

104,302

Intangible amortization included in cost of sales

3,714

Sales and marketing

18,504

General and administrative less intangible amortization

14,231

Intangible amortization included in SG&A

1,060

Research and development

24,613

Add:

Depreciation

4,078

Amortization

4,774

Acquisition-related expenses

Amortization of cloud computing arrangement implementation

644

Other income (expense)

87

Stock-based compensation

4,536

Segment adjusted EBITDA

$

37,178

$

$

37,178

Schedule of reconciliation from segment adjusted income from operations to income (loss) before taxes

The following table (in thousands) provides a reconciliation from segment adjusted EBITDA to income before income taxes:

Three Months Ended

Three Months Ended

August 2,

    

July 27,

2025

2024

Segment adjusted EBITDA

$

56,556

$

37,178

Depreciation and amortization

(90,254)

(8,852)

Acquisition-related expenses

(23,729)

Amortization of cloud computing arrangement implementation

(756)

(644)

Stock-based compensation

(11,429)

(4,536)

Equity securities investments activity, net

2,701

(321)

Interest expense

(17,415)

(239)

(Loss) income before income taxes

$

(84,326)

$

22,586

Schedule of segment assets and capital expenditures by segment

    

AxS

    

SCDE

    

Corporate

Total

As of August 2, 2025

$

2,219,426

$

2,360,843

$

1,043,768

$

5,624,037

As of April 30, 2025

$

872,530

$

$

248,037

$

1,120,567

Capital expenditures are summarized in the table below (in thousands):

    

AxS

    

SCDE

    

Corporate

Total

Three Months Ended August 2, 2025

$

15,178

$

16,437

$

453

$

32,068

Three Months Ended July 27, 2024

$

4,573

$

$

857

$

5,430