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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 23, 2022
Sep. 24, 2021
Sep. 23, 2022
Sep. 24, 2021
Net sales $ 237,666 $ 193,610 $ 455,419 $ 381,752
Cost of goods sold 83,962 72,254 163,029 148,136
Cost of goods sold to related party 21,682 18,824 41,994 36,924
Gross profit 132,022 102,532 250,396 196,692
Operating expenses:        
Research and development 35,567 29,590 69,424 59,144
Selling, general and administrative 39,117 34,088 109,097 66,152
Change in fair value of contingent consideration (2,500) 300 (2,700) 600
Total operating expenses 72,184 63,978 175,821 125,896
Operating income 59,838 38,554 74,575 70,796
Other income (expense):        
Interest expense (531) (1,228) (968) (1,654)
Interest income 467 78 784 159
Foreign currency transaction gain (loss) 266 202 2,190 (52)
(Loss) income in earnings of equity investment (1,029) 226 (1,893) 505
Other, net 75 1,534 (3,354) 1,582
Income before income taxes 59,086 39,366 71,334 71,336
Income tax provision 8,438 6,143 10,403 10,406
Net income 50,648 33,223 60,931 60,930
Net income attributable to non-controlling interests 34 37 70 75
Net income attributable to Allegro MicroSystems, Inc. $ 50,614 $ 33,186 $ 60,861 $ 60,855
Net income attributable to Allegro MicroSystems, Inc. per share:        
Basic (in dollars per share) $ 0.26 $ 0.17 $ 0.32 $ 0.32
Diluted (in dollars per share) $ 0.26 $ 0.17 $ 0.32 $ 0.32
Weighted average shares outstanding:        
Basic (in shares) 191,284,631 189,673,788 190,959,616 189,629,535
Diluted (in shares) 192,639,576 191,676,422 192,654,097 191,416,250
Net sales        
Net sales $ 192,640 $ 156,445 $ 368,684 $ 309,134
Net sales to related party        
Net sales $ 45,026 $ 37,165 $ 86,735 $ 72,618