XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 23, 2022
Dec. 24, 2021
Dec. 23, 2022
Dec. 24, 2021
Net sales $ 248,789 $ 186,629 $ 704,208 $ 568,381
Cost of goods sold 84,776 66,675 247,805 214,811
Cost of goods sold to related party 21,419 18,789 63,413 55,713
Gross profit 142,594 101,165 392,990 297,857
Operating expenses:        
Research and development 39,593 30,297 109,017 89,441
Selling, general and administrative 37,373 37,963 146,470 104,115
Change in fair value of contingent consideration 0 (2,700) (2,700) (2,100)
Total operating expenses 76,966 65,560 252,787 191,456
Operating income 65,628 35,605 140,203 106,401
Other income (expense):        
Interest expense (613) (427) (1,581) (2,081)
Interest income 360 158 1,144 317
Foreign currency transaction gain (loss) 407 (3) 2,597 (55)
Income in earnings of equity investment 2,190 287 297 792
Other, net 4,119 3,634 765 5,216
Income before income taxes 72,091 39,254 143,425 110,590
Income tax provision 7,540 6,281 17,943 16,687
Net income 64,551 32,973 125,482 93,903
Net income attributable to non-controlling interests 32 37 102 112
Net income attributable to Allegro MicroSystems, Inc. $ 64,519 $ 32,936 $ 125,380 $ 93,791
Net income attributable to Allegro MicroSystems, Inc. per share:        
Basic (in dollars per share) $ 0.34 $ 0.17 $ 0.66 $ 0.49
Diluted (in dollars per share) $ 0.33 $ 0.17 $ 0.65 $ 0.49
Weighted average shares outstanding:        
Basic (in shares) 191,328,538 189,736,901 191,082,141 189,665,324
Diluted (in shares) 193,935,908 192,068,222 193,100,762 191,678,951
Net sales        
Net sales $ 203,672 $ 147,168 $ 572,356 $ 456,302
Net sales to related party        
Net sales $ 45,117 $ 39,461 $ 131,852 $ 112,079