Company: MRCY
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001049521-25-000017
Chunk: 47

Company: MERCURY SYSTEMS INC
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 47
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 and administrative6,228 4,123 17,156 11,626 Research and development1,507 1,498 4,687 4,678 Stock-based compensation expense before tax8,548 6,920 22,602 18,423 Income taxes(1)(2,308)(1,868)(6,103)(4,974)Stock-based compensation expense, net of income taxes$6,240 $5,052 $16,499 $13,449 (1) Federal and state statutory rate of 27%

17

K.Operating Segment, Geographic Information and Significant Customers

Operating segments are defined as components of an enterprise evaluated regularly by the Company's chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. The Company evaluated its internal organization under FASB ASC 280, Segment Reporting (“ASC 280”) to determine whether there has been a change to its conclusion of a single operating and reportable segment. The Company concluded there has been no changes given the CODM continues to evaluate and manage the Company on the basis of one operating and reportable segment. The Company utilized the management approach for determining its operating segment in accordance with ASC 280. The geographic distribution of the Company’s revenues as determined by country in which the Company's legal subsidiary is domiciled is summarized as follows:U.S.EuropeAsia PacificEliminationsTotalTHIRD QUARTER ENDED MARCH 28, 2025Net revenues to unaffiliated customers$200,241 $11,117 $— $— $211,358 Inter-geographic revenues1,539 2,577 — (4,116)— Net revenues$201,780 $13,694 $— $(4,116)$211,358 THIRD QUARTER ENDED MARCH 29, 2024Net revenues to unaffiliated customers$199,834 $8,418 $6 $— $208,258 Inter-geographic revenues1,248 211 — (1,459)— Net revenues$201,082 $8,629 $6 $(1,459)$208,258 NINE MONTHS ENDED MARCH 28, 2025Net revenues to unaffiliated customers$597,955 $40,959 $— $— $638,914 Inter-ge