Share Incentive Plan (Tables)

3 Months Ended

Jul. 29, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Information Related to RSU Activity

A summary of information related to RSU activity during the three months ended July 29, 2023 is as follows:

	RSUs Outstanding
	Number of Shares	Weighted-Average Grant Date Fair Value	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Balances as of April 29, 2023	7,798,349	$11.66
Granted	257,000	$10.77
Vested	(339,102)	$11.64
Canceled/ forfeited	(185,250)	$11.43
Balances and expected to vest as of July 29, 2023	7,530,997	$11.63	1.49	$	127,274

Summary of Information Related to Share Option Activity

A summary of information related to share option activity during the three months ended July 29, 2023 is as follows:

	Options Outstanding
	Outstanding Share Options	Weighted-Average Exercise Price	Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Balance as of April 29, 2023	8,869,655	$2.02
Options exercised and vested	(658,979)	$2.52
Options canceled/ forfeited	(109,910)	$3.27
Balance and expected to vest as of July 29, 2023	8,100,766	$1.97	5.96	$	120,977
Exercisable as of July 29, 2023	8,021,182	$1.97	5.96	$	119,788

Summary of Share-based Compensation Expense

The following table summarizes share-based compensation expense included in the unaudited condensed consolidated statements of operations (in thousands):

	Three Months Ended
	July 29, 2023		July 30, 2022
Cost of revenue	$	189	$	304
Research and development	4,732		2,862
Selling, general and administrative	3,047		2,380
	$	7,968	$	5,546