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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 29, 2023
Sep. 23, 2022
Sep. 29, 2023
Sep. 23, 2022
Net sales $ 275,509 $ 237,666 $ 553,802 $ 455,419
Cost of goods sold 114,095 83,962 234,438 163,029
Cost of goods sold to related party 1,911 21,682 1,911 41,994
Gross profit 159,503 132,022 317,453 250,396
Operating expenses:        
Research and development 43,428 35,567 86,403 69,424
Selling, general and administrative 43,160 36,617 87,389 106,397
Total operating expenses 86,588 72,184 173,792 175,821
Operating income 72,915 59,838 143,661 74,575
Other income (expense):        
Interest expense (758) (531) (1,527) (968)
Interest income 850 467 1,693 784
Other income (expense), net 64 (688) (2,652) (3,057)
Income before income taxes 73,071 59,086 141,175 71,334
Income tax provision 7,400 8,438 14,615 10,403
Net income 65,671 50,648 126,560 60,931
Net income attributable to non-controlling interests 54 34 93 70
Net income attributable to Allegro MicroSystems, Inc. $ 65,617 $ 50,614 $ 126,467 $ 60,861
Net income per common share attributable to Allegro MicroSystems, Inc.:        
Basic (in dollars per share) $ 0.34 $ 0.26 $ 0.66 $ 0.32
Diluted (in dollars per share) $ 0.34 $ 0.26 $ 0.65 $ 0.32
Weighted average shares outstanding:        
Basic (in shares) 192,431,094 191,284,631 192,214,210 190,959,616
Diluted (in shares) 195,100,855 192,639,576 195,055,495 192,654,097
Net sales        
Net sales $ 271,930 $ 192,640 $ 550,223 $ 368,684
Net sales to related party        
Net sales $ 3,579 $ 45,026 $ 3,579 $ 86,735