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Quarterly Financial Data (Unaudited)
 12 Months Ended
May 02, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Note 21. Quarterly Financial Data (Unaudited)

The following table presents summarized quarterly financial data:
 
Fiscal Year 2020(1)(2)
 
August 3,
2019
 
November 2,
2019
 
February 1,
2020
 
May 2,
2020
Net sales
$
180,256

 
$
174,911

 
$
127,657

 
$
126,108

Gross profit
45,505

 
40,087

 
24,482

 
28,626

Net income (loss)
7,030

 
7,274

 
(12,734
)
 
(1,079
)
Basic earnings (loss) per share
0.16

 
0.16

 
(0.28
)
 
(0.02
)
Diluted earnings (loss) per share
0.16

 
0.16

 
(0.28
)
 
(0.02
)
 
 
 
 
 
 
 
 
 
Fiscal Year 2019(2)(3)(4)
 
July 28,
2018
 
October 27,
2018
 
January 26,
2019
 
April 27,
2019
Net sales
$
154,188

 
$
172,692

 
$
115,069

 
$
127,755

Gross profit
38,247

 
42,757

 
24,869

 
24,421

Net income (loss)
4,574

 
8,606

 
(3,319
)
 
(10,819
)
Basic earnings (loss) per share
0.10

 
0.19

 
(0.07
)
 
(0.24
)
Diluted earnings (loss) per share
0.10

 
0.19

 
(0.07
)
 
(0.24
)

(1)
Fiscal year 2020 consisted of 53 weeks.
(2)
Includes approximately $4,927 of additional costs for tariffs during fiscal 2020 and $6,300 of additional costs for price changes and tariffs during fiscal 2019.
(3)
The financial data for the quarter ended October 27, 2018 includes the net assets acquired of AJT Systems, Inc. See "Note 5. Business Combination" for further information.
(4) The financial data for the quarter ended January 26, 2019 includes the release of $2,775 in unrecognized tax benefits related to the lapse of a statute of limitations and the release of $480 for a valuation allowance reversal related to foreign net operating loss carryforwards. See "Note 15. Income Taxes" for further information.