Nature of Business and Summary of Significant Accounting Policies (Tables)
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12 Months Ended |
May 02, 2026 |
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| Accounting Policies [Abstract] |
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| Equity Method Investments |
Summarized financial information for equity method investments consist of the following. Fiscal 2026 consists only of Miortech, while fiscal 2025 and 2024 consist of both Miortech and XDC: | | | | | | | | | | | | | | | | | | | Year Ended | | May 2, 2026 | | April 26, 2025 | | April 27, 2024 | | Balance sheet data: | | | | | | | Current assets | $ | 127 | | | $ | 3,883 | | | $ | 4,035 | | | Non-current assets | 192 | | | 575 | | | 5,077 | | | Current liabilities | 190 | | | 44,395 | | | 33,672 | | | Non-current liabilities | 5,211 | | | 3,627 | | | 2,151 | | | Income statement data: | | | | | | | Net loss | $ | (7,969) | | | $ | (16,437) | | | $ | (13,609) | | | | | | | |
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| Schedule of Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the totals of the same amounts shown in the Consolidated Statements of Cash Flows. | | | | | | | | | | | | | | | | | | | May 2, 2026 | | April 26, 2025 | | April 27, 2024 | | Cash and cash equivalents | $ | 131,639 | | | $ | 127,507 | | | $ | 81,299 | | | Restricted cash | — | | | — | | | 379 | | | Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows | $ | 131,639 | | | $ | 127,507 | | | $ | 81,678 | |
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| Restrictions on Cash and Cash Equivalents |
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the totals of the same amounts shown in the Consolidated Statements of Cash Flows. | | | | | | | | | | | | | | | | | | | May 2, 2026 | | April 26, 2025 | | April 27, 2024 | | Cash and cash equivalents | $ | 131,639 | | | $ | 127,507 | | | $ | 81,299 | | | Restricted cash | — | | | — | | | 379 | | | Total cash, cash equivalents, and restricted cash shown in the Consolidated Statements of Cash Flows | $ | 131,639 | | | $ | 127,507 | | | $ | 81,678 | |
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| Property, Plant and Equipment, Estimated Useful Life |
Property and equipment: In accordance with ASC 360, Property, Plant, and Equipment, property and equipment are stated at cost and depreciated principally on the straight-line method over the following estimated useful lives: | | | | | | | Years | | Buildings and improvements | 5 - 40 | | Machinery and equipment | 5 - 7 | | Office furniture and equipment | 3 - 5 | | Computer software and hardware | 3 - 5 | | Equipment held for rental | 2 - 7 | | Demonstration equipment | 3 - 5 | | Transportation equipment | 5 - 7 |
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| Schedule of Earnings Per Share, Basic and Diluted |
The following is a reconciliation of the net income (loss) and shares of Common Stock amounts used in the calculation of basic and diluted EPS for the fiscal years ended May 2, 2026, April 26, 2025, and April 27, 2024: | | | | | | | | | | | | | | | | | | | | | | Year Ended | | May 2, 2026 | | April 26, 2025 | | April 27, 2024 | | | Earnings per share - basic | | | | | | | | Net income (loss) | $ | 45,376 | | | $ | (10,121) | | | $ | 34,621 | | | | Weighted average shares outstanding | 48,564 | | | 47,587 | | | 45,901 | | | Basic earnings (loss) per share | $ | 0.93 | | | $ | (0.21) | | | $ | 0.75 | | | | | | | | | | | Earnings per share - diluted | | | | | | | | Net income (loss) | $ | 45,376 | | | $ | (10,121) | | | $ | 34,621 | | | | | | | | | | | | | | | | | Diluted net income (loss) | $ | 45,376 | | | $ | (10,121) | | | $ | 34,621 | | | | | | | | | | | Weighted average common shares outstanding | 48,564 | | | 47,587 | | | 45,901 | | | | Dilution associated with stock compensation plans | 818 | | | — | | | 642 | | | | | | | | | | | Weighted average common shares outstanding, assuming dilution | 49,382 | | | 47,587 | | | 46,543 | | | | | | | | | | Diluted earnings (loss) per share | $ | 0.92 | | | $ | (0.21) | | | $ | 0.74 | | |
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