XML 37 R20.htm IDEA: XBRL DOCUMENT v3.25.2
Net Income (Loss) Per Share
 12 Months Ended
May 03, 2025
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Net income (loss) per share was determined as follows for the years presented (in thousands, except per share amounts):
Year Ended
May 3, 2025April 27, 2024April 29, 2023
Numerator:
Net income (loss)$52,183 $(28,369)$(16,547)
Denominator:
Weighted-average shares outstanding used in basic calculation167,505 155,091 146,556 
Effect of dilutive shares
Share-based compensation awards10,611 — — 
Customer Warrant3,042 — — 
Weighted-average shares outstanding used in diluted calculation181,158 155,091 146,556 
Net income (loss) per share attributable to ordinary shareholders
Basic$0.31 $(0.18)$(0.11)
Diluted$0.29 $(0.18)$(0.11)
Potential dilutive securities include dilutive ordinary shares from share-based awards attributable to the assumed exercise of share options, restricted share units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential ordinary shares outstanding are not included in the computation of diluted net loss per share if their effect is anti-dilutive. The following potentially dilutive securities outstanding have been excluded from the computations of diluted weighted average shares outstanding for the years ended May 3, 2025, April 27, 2024 and April 29, 2023:
Year Ended
May 3, 2025April 27, 2024April 29, 2023
Share-based compensation awards3,349 16,777 15,194 
Customer Warrant— 4,080 4,080 
3,349 20,857 19,274