XML 25 R13.htm IDEA: XBRL DOCUMENT v3.24.3
Supplemental Financial Information
 6 Months Ended
Nov. 02, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information
Inventories
Inventories consisted of the following (in thousands):
November 2, 2024April 27, 2024
Raw materials$9,853 $9,415 
Work in process12,307 7,470 
Finished goods14,153 9,022 

$36,313 $25,907 
Property and Equipment, Net
Property and equipment consisted of the following (in thousands):
November 2, 2024April 27, 2024
Production equipment$32,838 $27,608 
Computer equipment and software26,937 18,271 
Laboratory equipment22,950 19,840 
Leasehold improvements2,744 2,525 
Others621 534 
Construction in progress20,054 3,616 
106,144 72,394 
Less: Accumulated depreciation and amortization(37,918)(28,729)
$68,226 $43,665 
Depreciation and amortization expense was $5.0 million and $9.2 million for the three and six months ended November 2, 2024, respectively and $3.7 million and $6.6 million for the three and six months ended October 28, 2023, respectively. Computer equipment and software primarily includes technology licenses for computer-aided design tools relating to the Company’s R&D design of future products and intellectual properties. Production equipment and construction in progress primarily include mask set costs capitalized relating to the Company’s products already introduced or to be introduced.
Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following (in thousands):
November 2, 2024April 27, 2024
Accrued expenses$16,577 $9,610 
Current payables relating to purchases of property and equipment5,768 5,950 
Current portion of operating lease liabilities3,045 2,741 

$25,390 $18,301 
Other Non-current Liabilities
Other non-current liabilities consisted of the following (in thousands):
November 2, 2024April 27, 2024
Non-current payables relating to purchases of property and equipment$7,126 $4,950 
Other non-current liabilities928 1,031 

$8,054 $5,981