XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Customer-Funded Research & Development
6 Months Ended
Oct. 29, 2016
Customer-Funded Research & Development  
Customer-Funded Research & Development

7. Customer-Funded Research & Development

 

Customer-funded R&D costs are incurred pursuant to contracts (revenue arrangements) to perform R&D activities according to customer specifications. These costs are direct contract costs and are expensed to cost of sales when the corresponding revenue is recognized, which is generally as the R&D services are performed. Revenue from customer-funded R&D was approximately $14,541,000 and $29,278,000 for the three and six months ended October 29, 2016, respectively. Revenue from customer-funded R&D was approximately $10,234,000 and $26,761,000 for the three and six months ended October 31, 2015, respectively.