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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Sep. 27, 2024
Sep. 29, 2023
Net sales $ 187,391 $ 275,509 $ 354,310 $ 553,802
Cost of goods sold 101,729 114,095 193,877 234,438
Cost of goods sold to related party 0 1,911 0 1,911
Gross profit 85,662 159,503 160,433 317,453
Operating expenses:        
Research and development 43,510 43,428 88,714 86,403
Selling, general and administrative 38,085 43,160 78,282 87,389
Total operating expenses 81,595 86,588 166,996 173,792
Operating income (loss) 4,067 72,915 (6,563) 143,661
Other (expense) income:        
Interest expense (10,353) (758) (15,730) (1,527)
Interest income 420 850 914 1,693
Loss on change in fair value of forward repurchase contract (34,752) 0 (34,752) 0
Other (expense) income, net (2,465) 64 (3,525) (2,652)
(Loss) income before income taxes (43,083) 73,071 (59,656) 141,175
Income tax (benefit) provision (9,470) 7,400 (8,430) 14,615
Net (loss) income (33,613) 65,671 (51,226) 126,560
Net income attributable to non-controlling interests 62 54 124 93
Net (loss) income attributable to Allegro MicroSystems, Inc. $ (33,675) $ 65,617 $ (51,350) $ 126,467
Net (loss) income per common share attributable to Allegro MicroSystems, Inc.:        
Basic (in dollars per share) $ (0.18) $ 0.34 $ (0.27) $ 0.66
Diluted (in dollars per share) $ (0.18) $ 0.34 $ (0.27) $ 0.65
Weighted average shares outstanding:        
Basic (in shares) 189,182,850 192,431,094 191,324,281 192,214,210
Diluted (in shares) 189,182,850 195,100,855 191,324,281 195,055,495
Non-Related Party Revenue        
Net sales $ 187,391 $ 271,930 $ 354,310 $ 550,223
Related Party Revenue        
Net sales $ 0 $ 3,579 $ 0 $ 3,579