Company: MRCY
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001049521-25-000009
Chunk: 47

Company: MERCURY SYSTEMS INC
Filing Date: 2025-02-04
Form: 10-Q
Item: Item 1
Chunk 47
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 is recognized as expense over the service period, net of estimated forfeitures. 

17

The following table presents share-based compensation expenses included in the Company’s Consolidated Statements of Operations and Comprehensive Loss: Second Quarters EndedSix Months Ended December 27, 2024December 29, 2023December 27, 2024December 29, 2023Cost of revenues$(167)$4 $(54)$820 Selling, general and administrative6,317 5,742 10,928 7,503 Research and development1,812 1,640 3,180 3,180 Stock-based compensation expense before tax7,962 7,386 14,054 11,503 Income taxes(1)(2,150)(1,994)(3,795)(3,106)Stock-based compensation expense, net of income taxes$5,812 $5,392 $10,259 $8,397 (1) Federal and state statutory rate of 27%

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 PacificEliminationsTotalSECOND QUARTER ENDED DECEMBER 27, 2024Net revenues to unaffiliated customers$205,054 $18,071 $— $— $223,125 Inter-geographic revenues2,718 2,529 — (5,247)— Net revenues$207,772 $20,600 $— $(5,247)$223,125 SECOND QUARTER ENDED DECEMBER 29, 2023Net revenues to unaffiliated customers$183,162 $14,295 $6 $— $