Share Incentive Plan (Tables)

9 Months Ended

Jan. 27, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Information Related to RSU Activity

A summary of information related to RSU activity during the nine months ended January 27, 2024 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	1,150,949	$14.30
Vested	(1,947,362)	$11.73
Canceled/ forfeited	(316,813)	$11.47
Balances and expected to vest as of January 27, 2024	6,685,123	$12.11	1.36	$	139,318

Summary of Information Related to Share Option Activity

A summary of information related to share option activity during the nine months ended January 27, 2024 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	(1,689,216)	$2.00
Options canceled/ forfeited	(140,244)	$4.93
Balance and expected to vest as of January 27, 2024	7,040,195	$1.97	5.43	$	132,856
Exercisable as of January 27, 2024	7,004,898	$1.97	5.43	$	132,190

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				Nine Months Ended
	January 27, 2024		January 28, 2023		January 27, 2024		January 28, 2023
Cost of revenue	$	458	$	98	$	897	$	551
Research and development	4,697		3,046		14,093		8,664
Selling, general and administrative	3,177		2,025		9,454		6,391
	$	8,332	$	5,169	$	24,444	$	15,606