Allegro MicroSystems (ALGM) 10-Q 2 Aug 24 2025 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 28, 2024	Jul. 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2024
Document Transition Report	false
Entity File Number	001-39675
Entity Registrant Name	ALLEGRO MICROSYSTEMS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2405937
Entity Address, Address Line One	955 Perimeter Road
Entity Address, City or Town	Manchester,
Entity Address, State or Province	NH
Entity Address, Postal Zip Code	03103
City Area Code	603
Local Phone Number	626-2300
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	ALGM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		193,920,480
Entity Central Index Key	0000866291
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--03-28

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Current assets:
Cash and cash equivalents	$ 173,136	$ 212,143
Restricted cash	11,041	10,018
Trade accounts receivable, net	63,358	118,508
Inventories	175,901	162,302
Prepaid income taxes	29,411	31,908
Prepaid expenses and other current assets	33,647	33,377
Total current assets	490,283	572,213
Property, plant and equipment, net	319,763	321,175
Operating lease right-of-use assets, net	20,423	20,374
Deferred income tax assets	59,589	54,496
Goodwill	202,292	202,425
Intangible assets, net	271,723	276,854
Equity investment in related party	26,270	26,727
Other assets	54,797	51,651
Total assets	1,448,890	1,530,603
Current liabilities:
Trade accounts payable	35,346	35,964
Accrued expenses and other current liabilities	58,702	71,126
Current portion of operating lease liabilities	5,183	5,263
Current portion of long-term debt	1,411	3,929
Total current liabilities	105,537	117,908
Long-term debt	202,589	249,611
Operating lease liabilities, less current portion	16,045	16,404
Other long-term liabilities	14,877	14,964
Total liabilities	339,048	398,887
Commitments and contingencies (Note 10)
Stockholders' Equity:
Preferred stock, $0.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value; 1,000,000,000 shares authorized, 193,836,578 shares issued and outstanding at June 28, 2024; 1,000,000,000 shares authorized, 193,164,609 issued and outstanding at March 29, 2024	1,938	1,932
Additional paid-in capital	693,253	694,332
Retained earnings	445,337	463,012
Accumulated other comprehensive loss	(31,946)	(28,841)
Equity attributable to Allegro MicroSystems, Inc.	1,108,582	1,130,435
Non-controlling interests	1,260	1,281
Total stockholders’ equity	1,109,842	1,131,716
Total liabilities, non-controlling interests and stockholders’ equity	1,448,890	1,530,603
Related Party
Current assets:
Accounts receivable due from related party	39	207
Current portion of related party notes receivable	3,750	3,750
Related party notes receivable, less current portion	3,750	4,688
Current liabilities:
Amounts due to related party	$ 4,895	$ 1,626

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 28, 2024	Mar. 29, 2024
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	193,836,578	193,164,609
Common stock, shares outstanding (in shares)	193,836,578	193,164,609

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Net sales	$ 166,919	$ 278,293
Cost of goods sold	92,148	120,343
Gross profit	74,771	157,950
Operating expenses:
Research and development	45,204	42,975
Selling, general and administrative	40,197	44,229
Total operating expenses	85,401	87,204
Operating (loss) income	(10,630)	70,746
Other income (expense):
Interest expense	(5,377)	(769)
Interest income	494	843
Other income (expense), net	(1,060)	(2,716)
(Loss) income before income taxes	(16,573)	68,104
Income tax provision	1,040	7,215
Net (loss) income	(17,613)	60,889
Net income attributable to non-controlling interests	62	39
Net (loss) income attributable to Allegro MicroSystems, Inc.	$ (17,675)	$ 60,850
Net (loss) income per common share attributable to Allegro MicroSystems, Inc.:
Basic (in dollars per share)	$ (0.09)	$ 0.32
Diluted (in dollars per share)	$ (0.09)	$ 0.31
Weighted average shares outstanding:
Basic (in shares)	193,465,708	191,997,330
Diluted (in shares)	193,465,708	194,991,906

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (17,613)	$ 60,889
Net income attributable to non-controlling interests	62	39
Net (loss) income attributable to Allegro MicroSystems, Inc.	(17,675)	60,850
Other comprehensive loss:
Foreign currency translation adjustment, net of tax	(3,188)	(458)
Comprehensive (loss) income	(20,863)	60,392
Other comprehensive gain attributable to non-controlling interests	83	44
Comprehensive (loss) income attributable to Allegro MicroSystems,Inc.	$ (20,780)	$ 60,436

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Non-Controlling Interests
Preferred stock, beginning balance (in shares) at Mar. 31, 2023		0
Beginning balance (in shares) at Mar. 31, 2023			191,754,292
Beginning balance at Mar. 31, 2023	$ 966,815	$ 0	$ 1,918	$ 674,179	$ 310,315	$ (20,784)	$ 1,187
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	60,889				60,850		39
Employee stock purchase plan issuances (in shares)			76,204
Employee stock purchase plan issuances	1,899		$ 1	1,898
Stock-based compensation, net of forfeitures and restricted stock vested (in shares)			541,288
Stock-based compensation, net of forfeitures and restricted stock vested	11,042		$ 5	11,037
Payments of taxes withheld on net settlement of equity awards	(12,422)			(12,422)
Foreign currency translation adjustment	(458)					(414)	(44)
Preferred stock, ending balance (in shares) at Jun. 30, 2023		0
Ending balance (in shares) at Jun. 30, 2023			192,371,784
Ending balance at Jun. 30, 2023	$ 1,027,765	$ 0	$ 1,924	674,692	371,165	(21,198)	1,182
Preferred stock, beginning balance (in shares) at Mar. 29, 2024	0	0
Beginning balance (in shares) at Mar. 29, 2024	193,164,609		193,164,609
Beginning balance at Mar. 29, 2024	$ 1,131,716	$ 0	$ 1,932	694,332	463,012	(28,841)	1,281
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(17,613)				(17,675)		62
Stock-based compensation, net of forfeitures and restricted stock vested (in shares)			671,969
Stock-based compensation, net of forfeitures and restricted stock vested	10,098		$ 6	10,092
Payments of taxes withheld on net settlement of equity awards	(11,171)			(11,171)
Foreign currency translation adjustment	$ (3,188)					(3,105)	(83)
Preferred stock, ending balance (in shares) at Jun. 28, 2024	0	0
Ending balance (in shares) at Jun. 28, 2024	193,836,578		193,836,578
Ending balance at Jun. 28, 2024	$ 1,109,842	$ 0	$ 1,938	$ 693,253	$ 445,337	$ (31,946)	$ 1,260

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss) income	$ (17,613)	$ 60,889
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	16,458	14,273
Amortization of deferred financing costs	781	34
Deferred income taxes	(4,999)	(8,362)
Stock-based compensation	10,118	11,042
Loss on disposal of assets	14	0
Provisions for inventory and expected credit losses	2,377	5,183
Change in fair value of marketable securities	0	3,651
Changes in operating assets and liabilities:
Trade accounts receivable	55,134	(10,321)
Inventories	(15,986)	(27,947)
Prepaid expenses and other assets	(1,715)	(10,200)
Trade accounts payable	200	18,431
Due to and from related parties	3,437	10,102
Accrued expenses and other current and long-term liabilities	(14,010)	(17,112)
Net cash provided by operating activities	34,196	49,663
Cash flows from investing activities:
Purchases of property, plant and equipment	(10,977)	(44,910)
Sales of marketable securities	0	9,971
Net cash used in investing activities	(10,977)	(34,939)
Cash flow from financing activities:
Finance lease payments	(145)	0
Receipts on related party notes receivable	938	938
Payments for taxes related to net share settlement of equity awards	(11,171)	(12,422)
Proceeds from issuance of common stock under employee stock purchase plan	0	1,899
Payments of debt issuance costs	0	(1,450)
Net cash used in financing activities	(60,378)	(11,035)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(825)	(73)
Net (decrease) increase in cash and cash equivalents and restricted cash	(37,984)	3,616
Cash and cash equivalents and restricted cash at beginning of period	222,161	358,705
Cash and cash equivalents and restricted cash at end of period:	184,177	362,321
2023 Term Loan Facility
Cash flow from financing activities:
Payment of borrowings under 2023 term loan facility	$ (50,000)	$ 0

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (17,675)	$ 60,850

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of the Business and Basi

Nature of the Business and Basis of Presentation	3 Months Ended
	Jun. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of the Business and Basis of Presentation	1. Nature of the Business and Basis of Presentation Allegro MicroSystems, Inc., together with its consolidated subsidiaries (the “Company”), is a global leader in designing, developing and manufacturing sensing and power solutions for motion control and energy-efficient systems in automotive and industrial markets. The Company is headquartered in Manchester, New Hampshire and has a global footprint across multiple continents. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). Certain information and footnote disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes have been condensed in, or omitted from, these interim financial statements. These unaudited condensed consolidated financial statements include the Company’s accounts and those of its subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 29, 2024. The March 29, 2024 condensed consolidated balance sheet included herein is derived from the Company’s audited consolidated financial statements. In the opinion of the Company’s management, the financial statements for the interim periods presented reflect all adjustments necessary for a fair statement of the Company’s financial position, results of operations and cash flows. The results reported in these unaudited condensed consolidated financial statements are not necessarily indicative of results that may be expected for the entire year. Financial Periods The Company’s first quarter three-month period is a 13-week period. The Company’s first quarter of fiscal year 2025 ended June 28, 2024, and the Company’s first quarter of fiscal year 2024 ended June 30, 2023.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jun. 28, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingencies at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting period. On an ongoing basis, management evaluates its estimates, assumptions and judgments, including those related to the valuation of acquired intangible assets, impairment assessment and valuation of goodwill, intangible assets and tangible long-lived assets, the net realizable value of inventory, income taxes, stock-based compensation, and sales allowances. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements. Reclassifications Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications. Concentrations of Credit Risk As of June 28, 2024, one distributor customer accounted for 10.4 % of the Company’s outstanding trade accounts receivable, net. As of March 29, 2024, no distributors or customers accounted for 10% or more of the Company’s outstanding trade accounts receivable, net. For the three-month period ended June 28, 2024, no distributor or customer accounted for 10% or more of total net sales. For the three-month period ended June 30, 2023, one distributor customer accounted for 12.2 % of total net sales. Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updated (“ASU”) No. 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires entities to provide additional information of the Company’s tax rate reconciliation, as well as additional disclosures about income taxes paid by jurisdictions. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. ASU 2023-09 should be applied prospectively, but entities have the option to apply it retrospectively for each period presented. The Company does not anticipate this guidance will have an adverse impact on the results of operations, cash flows, or financial condition, but it will result in expanded disclosure within the financial statements. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 requires incremental disclosures in annual and interim periods related to a public entity’s reportable segments (particularly on segment expenses) but does not change the definition of a segment, the method for determining segments, or the criteria for aggregating operating segments into reportable segments. The Company is evaluating the impact this update will have on its disclosures. All other recent accounting pronouncements were determined to not have a material impact on the Company’s financial position, results of operations, cash flows, or related disclosures.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Jun. 28, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	3. Revenue from Contracts with Customers The following tables summarize net sales disaggregated by application, by product and by geography for the three-month periods ended June 28, 2024 and June 30, 2023. The categorization of net sales by application is determined using various characteristics of the product and the application into which the Company’s product will be incorporated. The categorization of net sales by geography is determined based on the location to which the products are shipped. Net sales by application: During the preparation of the third quarter fiscal year 2024 interim condensed consolidated financial statements, the Company identified an immaterial error in the classification of net sales by application, whereby customer returns and sales allowances were incorrectly classified by application between Automotive, Industrial and Other in prior periods. There was no impact to previously reported total net sales or net income in any of the periods. The Company assessed the materiality of the revision qualitatively and quantitatively and determined the revisions to be immaterial to the prior period interim fiscal year 2024, annual fiscal year 2023, and annual fiscal year 2022 consolidated financial statements. All prior period amounts have been revised in the table below. Three-Month Period Ended June 28, June 30, Automotive $ 131,184 $ 185,430 Industrial and other 35,735 92,863 Total net sales $ 166,919 $ 278,293 Net sales by product: Three-Month Period Ended June 28, June 30, Power integrated circuits $ 51,810 $ 103,988 Magnetic sensors 115,109 174,305 Total net sales $ 166,919 $ 278,293 Net sales by geography: Three-Month Period Ended June 28, June 30, Americas: United States $ 22,267 $ 48,824 Other Americas 5,224 8,508 EMEA: Europe 26,906 55,388 Asia: Japan 40,643 41,580 Greater China 31,860 62,216 South Korea 21,773 29,513 Other Asia 18,246 32,264 Total net sales $ 166,919 $ 278,293 The Company recognizes sales net of returns and sales allowances, which comprises credits issued, price protection adjustments and stock rotation rights. At June 28, 2024 and March 29, 2024, the liability associated with returns and sales allowances, was $ 39,174 and $ 44,797 , respectively, and was netted against trade accounts receivable in the unaudited condensed consolidated balance sheets. Unsatisfied performance obligations primarily represent contracts for products with future delivery dates. The Company elected not to disclose the amount of unsatisfied performance obligations as these contracts have original expected durations of less than one year.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jun. 28, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	4. Fair Value Measurements The following tables present information about the Company’s financial assets and liabilities as of June 28, 2024 and March 29, 2024, measured at fair value on a recurring basis: Fair Value Measurement at June 28, 2024: Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market fund deposits $ 36,663 $ — $ — $ 36,663 Restricted cash: Money market fund deposits 11,041 — — 11,041 Total assets $ 47,704 $ — $ — $ 47,704 Fair Value Measurement at March 29, 2024: Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market fund deposits $ 36,192 $ — $ — $ 36,192 Restricted cash: Money market fund deposits 10,018 — — 10,018 Total assets $ 46,210 $ — $ — $ 46,210 Assets and liabilities measured at fair value on a recurring basis also consist of marketable securities, unit investment trust funds, loans, bonds, stock and other investments, which constitute the Company’s defined benefit plan assets. Fair value information for those assets and liabilities, including their classification in the fair value hierarchy, is included in Note 15, “Retirement Plans” within the Company’s Annual Report on Form 10-K for the year ended March 29, 2024. During the three-month periods ended June 28, 2024 and June 30, 2023, there were no transfers among Level 1, Level 2 and Level 3 assets or liabilities. The fair value of the Company’s long-term debt was $ 197,880 as of June 28, 2024. The fair value was determined based on the quoted price of the debt in an inactive market on the last trading date of the reporting period and has been classified as Level 2 within the fair value hierarchy.

Trade Accounts Receivable, net

Trade Accounts Receivable, net	3 Months Ended
	Jun. 28, 2024
Receivables [Abstract]
Trade Accounts Receivable, net	5. Trade Accounts Receivable, net Trade accounts receivable, net, consisted of the following: June 28, March 29, Trade accounts receivable $ 102,604 $ 163,450 Less: Provision for expected credit losses ( 72 ) ( 145 ) Returns and sales allowances ( 39,174 ) ( 44,797 ) Total $ 63,358 $ 118,508 The provisions for expected credit losses and the changes in the provisions for expected credit losses were not material for any of the periods presented.

Inventories

Inventories	3 Months Ended
	Jun. 28, 2024
Inventory Disclosure [Abstract]
Inventories	6. Inventories Inventories include material, labor and overhead and consisted of the following: June 28, March 29, Raw materials and supplies $ 8,704 $ 9,549 Work in process 116,918 110,236 Finished goods 50,279 42,517 Total $ 175,901 $ 162,302 The Company recorded inventory provisions totaling $ 2,377 and $ 5,076 for the three-month periods ended June 28, 2024 and June 30, 2023, respectively.

Property, Plant and Equipment,

Property, Plant and Equipment, net	3 Months Ended
	Jun. 28, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, net	7. Property, Plant and Equipment, net Property, plant and equipment, net, is stated at cost and consisted of the following: June 28, March 29, Land $ 24,770 $ 25,595 Buildings, building improvements and leasehold improvements 63,824 65,626 Machinery and equipment 679,938 674,220 Office equipment 6,812 6,978 Right-of-use asset 8,116 8,218 Construction in progress 42,347 39,052 Total 825,807 819,689 Less accumulated depreciation ( 506,044 ) ( 498,514 ) Total $ 319,763 $ 321,175 Total depreciation expense amounted to $ 9,797 and $ 12,767 for the three-month periods ended June 28, 2024 and June 30, 2023, respectively. Total amortization expense for the right-of-use asset amounted to $ 349 for the three-month period ended June 28, 2024. Property, plant and equipment, net, including improvements that significantly add to productive capacity or extend useful life, are stated at historical cost, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. The Company periodically reviews the estimated useful lives of property, plant and equipment. Changes to estimated useful lives are recorded prospectively from the date of the change. Maintenance and repairs expenditures are charged to expense as incurred. The Company continues to expand and optimize its global manufacturing capacities, such as by its recent expansion of operations at its Philippines location, as well as its recent acquisition of Crocus Technology International Corp. (“Crocus”). Through its expansion efforts, newly acquired machinery and equipment and continuous maintenance and evaluation of on-hand equipment, the Company recognized advancements in equipment quality indicating increased estimated useful lives. During its first quarter, periodic review of the estimated useful lives of long-lived assets, the Company determined that the useful lives of its machinery and equipment should be increased. Effective March 30, 2024, the Company increased the useful lives of a significant portion of its machinery and equipment from seven years to ten years . These changes decreased depreciation expense by $ 4,455 , decreased interim income tax expense by $ 3,608 and increased net income by $ 8,063 , or $ 0.04 per share, for the three months ended June 28, 2024.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jun. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	8. Goodwill and Intangible Assets The table below summarizes the changes in the carrying amount of goodwill as follows: Total Balance at March 29, 2024 $ 202,425 Foreign currency translation ( 133 ) Balance at June 28, 2024 $ 202,292 Intangible assets, net, were as follows: June 28, 2024 Description Gross Accumulated Net Carrying Patents $ 46,409 $ ( 22,918 ) $ 23,491 Customer relationships 14,940 ( 3,402 ) 11,538 Completed technologies 249,408 ( 15,006 ) 234,402 Indefinite-lived process technology and trademarks 2,292 — 2,292 Trademarks and other 86 ( 86 ) — Total $ 313,135 $ ( 41,412 ) $ 271,723 March 29, 2024 Description Gross Accumulated Net Carrying Patents $ 44,894 $ ( 22,016 ) $ 22,878 Customer relationships 14,977 ( 3,315 ) 11,662 Completed technologies 249,758 ( 9,719 ) 240,039 Indefinite-lived process technology and trademarks 2,275 — 2,275 Trademarks and other 87 ( 87 ) — Total $ 311,991 $ ( 35,137 ) $ 276,854 Intangible assets amortization expense was $ 6,312 and $ 1,506 for the three-month periods ended June 28, 2024 and June 30, 2023, respectively.

Debt and Other Borrowings

Debt and Other Borrowings	3 Months Ended
	Jun. 28, 2024
Debt Disclosure [Abstract]
Debt and Other Borrowings	9. Debt and Other Borrowings The Company’s debt obligations consisted of the following: June 28, March 29, 2023 Term Loan Facility $ 199,375 $ 249,375 Unamortized debt issuance costs ( 3,564 ) ( 4,273 ) Total loans outstanding 195,811 245,102 Finance lease liabilities 8,189 8,438 Total debt 204,000 253,540 Current portion of long-term debt and finance lease liabilities ( 1,411 ) ( 3,929 ) Total long-term debt and finance lease liabilities, less current portion $ 202,589 $ 249,611 2023 Revolving Credit Facility On June 21, 2023, the Company entered into a revolving facility credit agreement (the “2023 Revolving Credit Agreement”) with Morgan Stanley Senior Funding, Inc., as administrative agent, collateral agent, a letter of credit issuer and a lender, and other agents, lenders and letter of credit issuers parties. The agreement provides for a $ 224,000 secured revolving credit facility (the “2023 Revolving Credit Facility”), which includes a $ 20,000 letter of credit subfacility. The 2023 Revolving Credit Facility is available until, and loans made thereunder will mature on, June 21, 2028 . Under the terms of the 2023 Revolving Credit Agreement, interest is calculated at a rate equal to (i) Term SOFR (as defined in the agreement) in effect, plus the applicable spread (ranging from 1.50 % to 1.75 %) or (ii) the highest of (x) the Federal funds rate, as published by the Federal Reserve Bank of New York, plus 0.50 %, (y) the prime lending rate, or (z) the one-month Term SOFR plus 1.0 % in effect, plus the applicable spread (ranging from 0.50 % to 0.75 %). The applicable spreads are based on the Company’s Total Net Leverage Ratio (as defined in the agreement) at the time of the applicable borrowing. As of June 28, 2024, there were no outstanding borrowings under the 2023 Revolving Credit Facility. The Company will also pay a quarterly commitment fee of 0.20 % to 0.25 % on the daily amount by which the commitments under the 2023 Revolving Credit Facility exceed the outstanding loans and letters of credit under the 2023 Revolving Credit Facility. The agreement contains certain covenants applicable to the Company and its subsidiaries, including limitations on additional indebtedness, liens, various fundamental changes, dividends and distributions, investments (including acquisitions), transactions with affiliates, asset sales, prepayment of junior financing, changes in business and other limitations customary in senior secured credit facilities. In addition, the Company is required to maintain a Total Net Leverage Ratio of no more than 4.00 to 1.00 at the end of each fiscal quarter, which may, subject to certain limitations, be increased to 4.50 to 1.00 for four fiscal quarters subsequent to the Company completing an acquisition in excess of $ 500,000 . The Company is in compliance with its loan debt covenants as of June 28, 2024. The 2023 Revolving Credit Agreement provides for customary events of default. Upon an event of default, the administrative agent with the consent of, or at the request of, the holders of more than 50 % in principal amount of the loans and commitments, may terminate the commitments and accelerate the maturity of the loans and enforce certain other remedies. 2023 Term Loan Facility On October 31, 2023, the Company entered into a $ 250,000 term loan maturing in 2030 (the “2023 Term Loan Facility”) the proceeds of which were used to refinance the $ 25,000 outstanding balance under the 2020 Term Loan Facility (as defined below) and to finance, in part, the acquisition of Crocus. The 2023 Term Loan Facility was executed as an incremental amendment to the 2023 Revolving Credit Agreement. The 2023 Term Loan Facility amortizes at a rate of 0.25 % per quarter and the initial margin applicable to the 2023 Term Loan Facility is 2.75 % for SOFR-based loans and 1.75 % for base rate loans. A payment of $ 50,000 was applied to the term loan balance on April 30, 2024, which has eliminated future required minimum quarterly payments. The balance of the loan is required to be paid upon the expected maturity date of October 31, 2030. For a description of the potential modifications to be made to the 2023 Revolving Credit Facility and the 2023 Term Loan Facility in connection with the equity offering and initial share repurchase that the Company completed on July 26, 2024 and July 29, 2024, respectively, please see Note 15, “Subsequent Events.”

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jun. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Legal proceedings The Company is subject to various legal proceedings, claims, and regulatory examinations or investigations arising in the normal course of business, the outcomes of which are subject to significant uncertainty, and the Company’s ultimate liability, if any, is difficult to predict. The Company records an accrual for legal contingencies when it is determined that it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In making such determinations, the Company evaluates, among other things, the degree of probability of an unfavorable outcome and, when it is probable that a liability has been incurred, the ability to make a reasonable estimate of the loss. If the occurrence of liability is probable and estimable, the Company will disclose the nature of the contingency and, if estimable, will provide the likely amount of such loss or range of loss. The Company does not believe there are any current matters that could have a material adverse effect on its financial position, results of operations or cash flows.

Net (Loss) Income per Share

Net (Loss) Income per Share	3 Months Ended
	Jun. 28, 2024
Earnings Per Share [Abstract]
Net (Loss) Income per Share	11. Net (Loss) income per Share The following table sets forth the basic and diluted net (loss) income attributable to Allegro MicroSystems, Inc. per share: Three-Month Period Ended June 28, June 30, Net (loss) income attributable to Allegro MicroSystems, Inc. $ ( 17,675 ) $ 60,850 Basic weighted average shares of common stock 193,465,708 191,997,330 Dilutive effect of common stock equivalents — 2,994,576 Diluted weighted average shares of common stock 193,465,708 194,991,906 Basic net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders $ ( 0.09 ) $ 0.32 Diluted net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders $ ( 0.09 ) $ 0.31 The computed net (loss) income per share for the three-month periods ended June 28, 2024 and June 30, 2023 does not assume conversion of securities that would have an antidilutive effect on (loss) income per share. The following represents contingently issuable shares under the restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) excluded from the computation of net (loss) income per share, as such securities would have an antidilutive effect on net (loss) income per share: Three-Month Period Ended June 28, June 30, RSUs 754,975 — PSUs 214,527 65,943 The following table represents issued and issuable weighted average dilutive share information underlying our outstanding RSUs, PSUs and participation in our employee stock purchase plan (“ESPP”) for the respective periods: Three-Month Period Ended June 28, June 30, RSUs — 1,163,894 PSUs — 1,809,200 ESPP — 21,482 Total — 2,994,576

Common Stock and Stock-Based Co

Common Stock and Stock-Based Compensation	3 Months Ended
	Jun. 28, 2024
Share-Based Payment Arrangement [Abstract]
Common Stock and Stock-Based Compensation	12. Common Stock and Stock-Based Compensation Restricted Stock Units The following table summarizes the Company’s RSU activity for the three-month period ended June 28, 2024: Shares Weighted-Average Outstanding at March 29, 2024 2,215,621 $ 29.82 Granted 1,278,203 28.87 Issued ( 762,311 ) 28.47 Forfeited ( 51,109 ) 29.90 Outstanding at June 28, 2024 2,680,404 $ 29.76 As of June 28, 2024, total unrecognized compensation expense for awards issued was $ 72,114 , which is expected to be recognized over a weighted-average period of 2.38 years. The total grant date fair value of RSUs vested was $ 21,696 for the three-month period ended June 28, 2024. Performance Stock Units The following table summarizes the Company’s PSU activity for the three-month period ended June 28, 2024: Shares Weighted-Average Outstanding at March 29, 2024 2,429,393 $ 25.64 Granted 527,474 31.07 Excess shares issued due to achievement of performance conditions 12,358 13.94 Issued ( 301,716 ) 28.51 Forfeited ( 34,731 ) 34.39 Outstanding at June 28, 2024 2,632,778 $ 26.21 Included in the outstanding shares are 76,306 shares as of March 29, 2024, that have vested but were issued during three-month period ended June 28, 2024. PSUs are included at 0 % - 200 % of target goals. The total compensation cost related to unvested awards not yet recorded at June 28, 2024 was $ 28,809 , which is expected to be recognized over a weighted average period of 2.33 years. The total grant date fair value of PSUs vested was $ 8,601 for the three-month period ended June 28, 2024. The Company recorded stock-based compensation expense in the following expense categories of its unaudited condensed consolidated statements of operations: Three-Month Period Ended June 28, June 30, Cost of sales $ 561 $ 2,606 Research and development 3,735 2,868 Selling, general and administrative 5,822 5,568 Total stock-based compensation $ 10,118 $ 11,042

Income Taxes

Income Taxes	3 Months Ended
	Jun. 28, 2024
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company recorded the following tax provision in its unaudited condensed consolidated statements of operations: Three-Month Period Ended June 28, June 30, Provision for income taxes $ 1,040 $ 7,215 Effective tax rate ( 6.3 )% 10.6 % The Company’s provision for income taxes is composed of the year-to-date taxes based on an estimate of the annual effective tax rate plus the tax impact of discrete items. The Company is subject to tax in the U.S. and various foreign jurisdictions. The Company’s effective income tax rate fluctuates primarily because of the change in the mix of its U.S. and foreign income, the impact of discrete transactions and law changes, state tax impacts and tax benefits generated by the foreign derived intangible income (“FDII”) deduction, including permanent impacts of Internal Revenue Code Section 174 Capitalization (“174 Capitalization”), and research credits; offset by non-deductible stock-based compensation charges. The decline in the effective tax rate (“ETR”) year-over-year relates primarily to the change in (Loss) Income before income taxes, the impact of FDII benefits and research credits; offset by non-deductible stock-based compensation charges and tax expense from discrete transactions.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Jun. 28, 2024
Related Party Transactions [Abstract]
Related Party Transactions	14. Related Party Transactions Transactions involving Sanken Electric Co., Ltd. (“Sanken”) As of June 28, 2024, Sanken held approximately 50.8 % of the Company’s outstanding common stock. On July 23, 2024, the Company entered into a share repurchase agreement with Sanken. See Note 15, “Subsequent Events” for further details related to this agreement. Although certain costs are shared or allocated, cost of goods sold and gross margins attributable to related party sales are consistent with those of third-party customers. There were no trade accounts receivables, net, from Sanken as of June 28, 2024 or March 29, 2024. Other accounts receivable from Sanken totaled $ 160 as of March 29, 2024. There were no other accounts receivable from Sanken as of June 28, 2024. Accounts payable to Sanken totaled $ 3 as of June 28, 2024. There were no accounts payable as of March 29, 2024. Transactions involving Polar Semiconductor, LLC (“PSL”) The Company purchases in-process products from PSL, an entity that is 70 % owned by Sanken and 30 % owned by the Company. Purchases of various products from PSL totaled $ 14,956 and $ 16,102 for the three-month periods ended June 28, 2024, and June 30, 2023, respectively. Accounts payable to PSL included in amounts due to related party totaled $ 4,892 and $ 1,621 as of June 28, 2024 and March 29, 2024, respectively. On April 25, 2024, the Company, Sanken, PSL and PS Investment Aggregator, L.P. (“Subscriber”) entered into a Sale and Subscription Agreement pursuant to which Subscriber and an affiliate of Subscriber will make capital contributions to PSL of, in the aggregate, $ 175,000 in exchange for equity interest in PSL (the “PSL Transaction”). The PSL Transaction is subject to a number of conditions to closing, including the contribution of outstanding PSL indebtedness held by each of the Company (the PSL Promissory Notes described below) and Sanken in exchange for new PSL equity units to recapitalize PSL prior to Closing and PSL receiving confirmation from the United States Department of Commerce, the United States Department of the Treasury and/or the State of Minnesota that it or they have awarded at least $ 310,700 in aggregate direct funding and tax credits pursuant to the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 or other grant-based funding program on terms and conditions acceptable to the Subscriber as well as other customary closing conditions. The PSL Agreement also contemplates that following closing, the Company, Sanken and Subscriber shall engage in a series of reorganization transactions after which the Company will no longer directly own PSL and will instead own approximately 10.2 % of PSL’s ultimate parent entity (“Polar Parent”). In connection with this reorganization, it is contemplated that the Company, Sanken and Subscriber shall enter into a new partnership agreement for Polar Parent to account for the reorganization into a limited partnership structure. Notes Receivable from PSL On December 2, 2021, Allegro MicroSystems, LLC (“AML”) entered into a loan agreement with PSL wherein PSL provided an initial promissory note to AML for a principal amount of $ 7,500 (the “Initial PSL Loan”). The Initial PSL Loan will be repaid in equal installments, comprising principal and interest accrued at 1.26 % per annum, over a term of four years , with payments due on the first day of each calendar year quarter (April 1, July 1, October 1, and January 1). On July 1, 2022, PSL borrowed an additional $ 7,500 under the same terms of the PSL Loan (the “Secondary PSL Loan” and, together with the Initial PSL Loan, the “PSL Promissory Notes”). The Secondary PSL Loan will be repaid in equal installments, comprising of principal and interest accrued at 2.99 % per annum, over a term of four years , with payments due on the first day of each calendar year quarter (April 1, July 1, October 1, and January 1). The loan funds were used by PSL to procure a deep ultraviolet scanner and other associated manufacturing tools necessary to increase wafer fabrication capacity in support of the Company’s increasing wafer demand. As of June 28, 2024, the outstanding balance of the PSL Promissory Notes was $ 7,500 . During the three-month period ended June 28, 2024, PSL made required quarterly payments to AML totaling $ 984 , which included $ 46 of interest.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 28, 2024
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events On July 23, 2024, the Company entered into a share repurchase agreement with Sanken (the “Share Repurchase Agreement”) pursuant to which the Company agreed to repurchase 38,767,315 shares of the Company’s common stock from Sanken in a privately negotiated transaction. Pursuant to the terms of the Share Repurchase Agreement, Sanken agreed to reimburse the Company for the expenses incurred by the Company in connection with the transactions contemplated by the Share Repurchase Agreement, including a facilitation fee to the Company of $ 35,000 . O n July 29, 20 24, the Company completed the first closing under the Share Repurchase Agreement, repurchasing 28,750,000 shares of the Company’s common stock f or $ 621,456 , which was the public offering price in the Equity Offering that closed on July 26, 2024 (as described below), minus the discount to the underwriters and transaction expenses and fees, including the $ 35,000 facilitation fee paid to the Company described above (the “First Closing”). The Company used the net proceeds of the Equity Offering to fund the purchase price payable to Sanken at the First Closing, and the shares repurchased in the First Closing were retired. The repurchase of the remainder of the shares of the Company’s common stock that we expect to repurchase from Sanken is expected to occur substantially concurrently with the receipt by the Company of borrowings under the 2023 Revolving Credit Agreement or, otherwise, on another date of our choosing (the “Second Closing”). The Company expects to fund the purchase price payable to Sanken at the Second Closing with cash on hand or additional borrowings under the 2023 Revolving Credit Agreement. On July 26, 2024, the Company completed an underwritten equity offering of 28,750,000 shares of its common stock at a public offering price of $ 24.00 per share (the “Equity Offering”) resulting in net proceeds to the Company of approximately $ 665,850 , after deducting $ 24,150 of underwriting discounts. As described above, Sanken reimbursed the Company for its offering fees and expenses, including the facilitation fee described above. The Equity Offering completed on July 26, 2024 included the exercise of the underwriters’ option to purchase 3,750,000 additional shares of the Company’s common stock. As described above, the Company used the net proceeds of the Equity Offering to complete the First Closing under the Share Repurchase Agreement. The Company expects to amend the 2023 Revolving Credit Agreement dated as of June 21, 2023, by and among the Company, Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, and each lender from time to time party thereto to (i) incur new incremental term loans pursuant to the 2023 Term Loan Facility to finance a portion of the repurchase of shares of common stock from Sanken at the Second Closing pursuant to the terms of the Share Repurchase Agreement, (ii) increase the amount of revolving commitments available under the 2023 Revolving Credit Facility by $ 32,000 , (iii) permit under the 2023 Revolving Credit Agreement the repurchase contemplated by the Share Repurchase Agreement with debt proceeds and (iv) make certain other changes. There can be no assurance that the incremental term loans under the 2023 Term Loan Facility or the increase to revolving commitments under the 2023 Revolving Credit Facility (or the aforementioned amendments) will be completed on the terms described herein, or at all.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 28, 2024
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of contingencies at the date of the consolidated financial statements and the reported amounts of net sales and expenses during the reporting period. On an ongoing basis, management evaluates its estimates, assumptions and judgments, including those related to the valuation of acquired intangible assets, impairment assessment and valuation of goodwill, intangible assets and tangible long-lived assets, the net realizable value of inventory, income taxes, stock-based compensation, and sales allowances. Actual results could differ from those estimates, and such differences may be material to the consolidated financial statements.
Reclassifications	Reclassifications Certain reclassifications have been made to prior-period amounts to conform to current-period reporting classifications.
Concentrations of Credit Risk	Concentrations of Credit Risk As of June 28, 2024, one distributor customer accounted for 10.4 % of the Company’s outstanding trade accounts receivable, net. As of March 29, 2024, no distributors or customers accounted for 10% or more of the Company’s outstanding trade accounts receivable, net. For the three-month period ended June 28, 2024, no distributor or customer accounted for 10% or more of total net sales. For the three-month period ended June 30, 2023, one distributor customer accounted for 12.2 % of total net sales.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updated (“ASU”) No. 2023-09, Income Taxes (Topic 740), Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires entities to provide additional information of the Company’s tax rate reconciliation, as well as additional disclosures about income taxes paid by jurisdictions. ASU 2023-09 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. ASU 2023-09 should be applied prospectively, but entities have the option to apply it retrospectively for each period presented. The Company does not anticipate this guidance will have an adverse impact on the results of operations, cash flows, or financial condition, but it will result in expanded disclosure within the financial statements. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 requires incremental disclosures in annual and interim periods related to a public entity’s reportable segments (particularly on segment expenses) but does not change the definition of a segment, the method for determining segments, or the criteria for aggregating operating segments into reportable segments. The Company is evaluating the impact this update will have on its disclosures. All other recent accounting pronouncements were determined to not have a material impact on the Company’s financial position, results of operations, cash flows, or related disclosures.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Jun. 28, 2024
Revenue from Contract with Customer [Abstract]
Net Sales by Core End Market and Application	All prior period amounts have been revised in the table below. Three-Month Period Ended June 28, June 30, Automotive $ 131,184 $ 185,430 Industrial and other 35,735 92,863 Total net sales $ 166,919 $ 278,293
Revenue from External Customers by Products and Services	Net sales by product: Three-Month Period Ended June 28, June 30, Power integrated circuits $ 51,810 $ 103,988 Magnetic sensors 115,109 174,305 Total net sales $ 166,919 $ 278,293
Revenue from External Customers by Geographic Areas	Net sales by geography: Three-Month Period Ended June 28, June 30, Americas: United States $ 22,267 $ 48,824 Other Americas 5,224 8,508 EMEA: Europe 26,906 55,388 Asia: Japan 40,643 41,580 Greater China 31,860 62,216 South Korea 21,773 29,513 Other Asia 18,246 32,264 Total net sales $ 166,919 $ 278,293

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jun. 28, 2024
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following tables present information about the Company’s financial assets and liabilities as of June 28, 2024 and March 29, 2024, measured at fair value on a recurring basis: Fair Value Measurement at June 28, 2024: Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market fund deposits $ 36,663 $ — $ — $ 36,663 Restricted cash: Money market fund deposits 11,041 — — 11,041 Total assets $ 47,704 $ — $ — $ 47,704 Fair Value Measurement at March 29, 2024: Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market fund deposits $ 36,192 $ — $ — $ 36,192 Restricted cash: Money market fund deposits 10,018 — — 10,018 Total assets $ 46,210 $ — $ — $ 46,210

Trade Accounts Receivable, net

Trade Accounts Receivable, net (Tables)	3 Months Ended
	Jun. 28, 2024
Receivables [Abstract]
Schedule of Trade Accounts Receivable, Net	Trade accounts receivable, net, consisted of the following: June 28, March 29, Trade accounts receivable $ 102,604 $ 163,450 Less: Provision for expected credit losses ( 72 ) ( 145 ) Returns and sales allowances ( 39,174 ) ( 44,797 ) Total $ 63,358 $ 118,508

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jun. 28, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories include material, labor and overhead and consisted of the following: June 28, March 29, Raw materials and supplies $ 8,704 $ 9,549 Work in process 116,918 110,236 Finished goods 50,279 42,517 Total $ 175,901 $ 162,302

Property, Plant and Equipment_2

Property, Plant and Equipment, net (Tables)	3 Months Ended
	Jun. 28, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant, and Equipment	Property, plant and equipment, net, is stated at cost and consisted of the following: June 28, March 29, Land $ 24,770 $ 25,595 Buildings, building improvements and leasehold improvements 63,824 65,626 Machinery and equipment 679,938 674,220 Office equipment 6,812 6,978 Right-of-use asset 8,116 8,218 Construction in progress 42,347 39,052 Total 825,807 819,689 Less accumulated depreciation ( 506,044 ) ( 498,514 ) Total $ 319,763 $ 321,175

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Jun. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The table below summarizes the changes in the carrying amount of goodwill as follows: Total Balance at March 29, 2024 $ 202,425 Foreign currency translation ( 133 ) Balance at June 28, 2024 $ 202,292
Schedule of Intangible Assets, Net	Intangible assets, net, were as follows: June 28, 2024 Description Gross Accumulated Net Carrying Patents $ 46,409 $ ( 22,918 ) $ 23,491 Customer relationships 14,940 ( 3,402 ) 11,538 Completed technologies 249,408 ( 15,006 ) 234,402 Indefinite-lived process technology and trademarks 2,292 — 2,292 Trademarks and other 86 ( 86 ) — Total $ 313,135 $ ( 41,412 ) $ 271,723 March 29, 2024 Description Gross Accumulated Net Carrying Patents $ 44,894 $ ( 22,016 ) $ 22,878 Customer relationships 14,977 ( 3,315 ) 11,662 Completed technologies 249,758 ( 9,719 ) 240,039 Indefinite-lived process technology and trademarks 2,275 — 2,275 Trademarks and other 87 ( 87 ) — Total $ 311,991 $ ( 35,137 ) $ 276,854

Debt and Other Borrowings (Tabl

Debt and Other Borrowings (Tables)	3 Months Ended
	Jun. 28, 2024
Debt Disclosure [Abstract]
Schedule of Debt Obligations	The Company’s debt obligations consisted of the following: June 28, March 29, 2023 Term Loan Facility $ 199,375 $ 249,375 Unamortized debt issuance costs ( 3,564 ) ( 4,273 ) Total loans outstanding 195,811 245,102 Finance lease liabilities 8,189 8,438 Total debt 204,000 253,540 Current portion of long-term debt and finance lease liabilities ( 1,411 ) ( 3,929 ) Total long-term debt and finance lease liabilities, less current portion $ 202,589 $ 249,611

Net (Loss) Income per Share (Ta

Net (Loss) Income per Share (Tables)	3 Months Ended
	Jun. 28, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Net (Loss) Income per Share and Unaudited Pro Forma Net Income per Share	The following table sets forth the basic and diluted net (loss) income attributable to Allegro MicroSystems, Inc. per share: Three-Month Period Ended June 28, June 30, Net (loss) income attributable to Allegro MicroSystems, Inc. $ ( 17,675 ) $ 60,850 Basic weighted average shares of common stock 193,465,708 191,997,330 Dilutive effect of common stock equivalents — 2,994,576 Diluted weighted average shares of common stock 193,465,708 194,991,906 Basic net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders $ ( 0.09 ) $ 0.32 Diluted net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders $ ( 0.09 ) $ 0.31
Schedule Of Anti Dilutive Securities Excluded	The computed net (loss) income per share for the three-month periods ended June 28, 2024 and June 30, 2023 does not assume conversion of securities that would have an antidilutive effect on (loss) income per share. The following represents contingently issuable shares under the restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”) excluded from the computation of net (loss) income per share, as such securities would have an antidilutive effect on net (loss) income per share: Three-Month Period Ended June 28, June 30, RSUs 754,975 — PSUs 214,527 65,943
Schedule of Issuable Weighted Average Dilutive Share Information	The following table represents issued and issuable weighted average dilutive share information underlying our outstanding RSUs, PSUs and participation in our employee stock purchase plan (“ESPP”) for the respective periods: Three-Month Period Ended June 28, June 30, RSUs — 1,163,894 PSUs — 1,809,200 ESPP — 21,482 Total — 2,994,576

Common Stock and Stock-Based _2

Common Stock and Stock-Based Compensation (Tables)	3 Months Ended
	Jun. 28, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Units Activity	The following table summarizes the Company’s RSU activity for the three-month period ended June 28, 2024: Shares Weighted-Average Outstanding at March 29, 2024 2,215,621 $ 29.82 Granted 1,278,203 28.87 Issued ( 762,311 ) 28.47 Forfeited ( 51,109 ) 29.90 Outstanding at June 28, 2024 2,680,404 $ 29.76
Schedule of Performance Stock Units Activity	The following table summarizes the Company’s PSU activity for the three-month period ended June 28, 2024: Shares Weighted-Average Outstanding at March 29, 2024 2,429,393 $ 25.64 Granted 527,474 31.07 Excess shares issued due to achievement of performance conditions 12,358 13.94 Issued ( 301,716 ) 28.51 Forfeited ( 34,731 ) 34.39 Outstanding at June 28, 2024 2,632,778 $ 26.21
Schedule of Stock-Based Compensation Expense	The Company recorded stock-based compensation expense in the following expense categories of its unaudited condensed consolidated statements of operations: Three-Month Period Ended June 28, June 30, Cost of sales $ 561 $ 2,606 Research and development 3,735 2,868 Selling, general and administrative 5,822 5,568 Total stock-based compensation $ 10,118 $ 11,042

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Jun. 28, 2024
Income Tax Disclosure [Abstract]
Schedule of Tax (Benefit) Provision	The Company recorded the following tax provision in its unaudited condensed consolidated statements of operations: Three-Month Period Ended June 28, June 30, Provision for income taxes $ 1,040 $ 7,215 Effective tax rate ( 6.3 )% 10.6 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Concentrations of Credit Risk and Significant Customers (Details) - One Distributor Customer - Customer Concentration Risk	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Trade Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	10.40%
Revenue Benchmark
Concentration Risk [Line Items]
Concentration risk, percentage		12.20%

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Net Sales by Core End Market and Application (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 166,919	$ 278,293
Automotive
Disaggregation of Revenue [Line Items]
Total net sales	131,184	185,430
Industrial and other
Disaggregation of Revenue [Line Items]
Total net sales	$ 35,735	$ 92,863

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Net Sales by Product (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 166,919	$ 278,293
Power integrated circuits
Disaggregation of Revenue [Line Items]
Total net sales	51,810	103,988
Magnetic sensors
Disaggregation of Revenue [Line Items]
Total net sales	$ 115,109	$ 174,305

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Net Sales by Geography (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 166,919	$ 278,293
United States
Disaggregation of Revenue [Line Items]
Total net sales	22,267	48,824
Other Americas
Disaggregation of Revenue [Line Items]
Total net sales	5,224	8,508
Europe
Disaggregation of Revenue [Line Items]
Total net sales	26,906	55,388
Japan
Disaggregation of Revenue [Line Items]
Total net sales	40,643	41,580
Greater China
Disaggregation of Revenue [Line Items]
Total net sales	31,860	62,216
South Korea
Disaggregation of Revenue [Line Items]
Total net sales	21,773	29,513
Other Asia
Disaggregation of Revenue [Line Items]
Total net sales	$ 18,246	$ 32,264

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Additional Information (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Revenue from Contract with Customer [Abstract]
Trade accounts receivable, returns, credits issued, and price protection adjustments, current	$ 39,174	$ 44,797

Fair Value Measurements - Asset

Fair Value Measurements - Assets And Liabilities Measured At Fair Value (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Assets:
Total assets	$ 47,704	$ 46,210
Level 1
Assets:
Total assets	47,704	46,210
Money market fund deposits
Assets:
Money market fund deposits	36,663	36,192
Money market fund deposits	11,041	10,018
Money market fund deposits | Level 1
Assets:
Money market fund deposits	36,663	36,192
Money market fund deposits	$ 11,041	$ 10,018

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	Jun. 28, 2024 USD ($)
Fair Value Disclosures [Abstract]
Fair value of long-term debt	$ 197,880

Trade Accounts Receivable, ne_2

Trade Accounts Receivable, net - Summary of Trade Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 102,604	$ 163,450
Less:
Provision for expected credit losses	(72)	(145)
Returns and sales allowances	(39,174)	(44,797)
Trade accounts receivable, net	$ 63,358	$ 118,508

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 8,704	$ 9,549
Work in process	116,918	110,236
Finished goods	50,279	42,517
Total	$ 175,901	$ 162,302

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Inventory Disclosure [Abstract]
Recorded inventory provisions	$ 2,377	$ 5,076

Property, Plant and Equipment_3

Property, Plant and Equipment, net - Schedule of Property, Plant, and Equipment (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Property, Plant and Equipment [Line Items]
Total	$ 825,807	$ 819,689
Less accumulated depreciation	(506,044)	(498,514)
Total	319,763	321,175
Land
Property, Plant and Equipment [Line Items]
Total	24,770	25,595
Buildings, building improvements and leasehold improvements
Property, Plant and Equipment [Line Items]
Total	63,824	65,626
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total	679,938	674,220
Office equipment
Property, Plant and Equipment [Line Items]
Total	6,812	6,978
Right-of-use asset
Property, Plant and Equipment [Line Items]
Total	8,116	8,218
Construction in progress
Property, Plant and Equipment [Line Items]
Total	$ 42,347	$ 39,052

Property, Plant and Equipment_4

Property, Plant and Equipment, net - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Mar. 30, 2024	Mar. 29, 2024
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 9,797	$ 12,767
Amortization of right-of-use assets	349
Decrease in depreciation expense	4,455
Increase in net income	$ 8,063
Increase in net income per share	$ 0.04
Decrease in interim income tax expense	$ 3,608
Maximum
Property, Plant and Equipment [Line Items]
Average useful life of machinery and equipment			10 years	7 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Jun. 28, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 202,425
Foreign currency translation	(133)
Ending balance	$ 202,292

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Finite-Lived Intangible Assets [Line Items]
Gross	$ 313,135	$ 311,991
Accumulated Amortization	(41,412)	(35,137)
Net Carrying Amount	271,723	276,854
Patents
Finite-Lived Intangible Assets [Line Items]
Gross	46,409	44,894
Accumulated Amortization	(22,918)	(22,016)
Net Carrying Amount	23,491	22,878
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	14,940	14,977
Accumulated Amortization	(3,402)	(3,315)
Net Carrying Amount	11,538	11,662
Completed technologies
Finite-Lived Intangible Assets [Line Items]
Gross	249,408	249,758
Accumulated Amortization	(15,006)	(9,719)
Net Carrying Amount	234,402	240,039
Indefinite-lived process technology and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross	2,292	2,275
Net Carrying Amount	2,292	2,275
Trademarks and other
Finite-Lived Intangible Assets [Line Items]
Gross	86	87
Accumulated Amortization	$ (86)	$ (87)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets amortization expense	$ 6,312	$ 1,506

Debt and Other Borrowings - Sch

Debt and Other Borrowings - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Mar. 29, 2024
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (3,564)	$ (4,273)
Total loans outstanding	195,811	245,102
Finance lease liabilities	8,189	8,438
Total debt	204,000	253,540
Current portion of long-term debt and finance lease obligations	(1,411)	(3,929)
Total long-term debt and finance lease liabilities, less current portion	202,589	249,611
2023 Term Loan Facility
Debt Instrument [Line Items]
Total loans outstanding	$ 199,375	$ 249,375

Debt and Other Borrowings - Add

Debt and Other Borrowings - Additional Information (Details)				3 Months Ended
	Apr. 30, 2024 USD ($)	Oct. 31, 2023 USD ($)	Jun. 21, 2023 USD ($)	Jun. 28, 2024 USD ($)
Letter of Credit | Minimum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.50%
Letter of Credit | Maximum | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.75%
2023 Term Loan Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 250,000,000
2020 Term Loan Facility | Credit Suisse AG, Cayman Islands Branch
Line of Credit Facility [Line Items]
Outstanding balance		$ 25,000,000
Term Loan Facility
Line of Credit Facility [Line Items]
Payments to Term Loan	$ 50,000,000
Amortization rate per quarter		0.25%
Term Loan Facility | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate		2.75%
Term Loan Facility | Base Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.75%
Senior Secured Revolving Credit Facility
Line of Credit Facility [Line Items]
Leverage ratio,				0.045
Senior Secured Revolving Credit Facility | Morgan Stanley Senior Funding, Inc
Line of Credit Facility [Line Items]
Outstanding balance				$ 0
Maximum borrowing capacity			$ 224,000,000
Maturity date			Jun. 21, 2028
Senior Secured Revolving Credit Facility | Letter of Credit
Line of Credit Facility [Line Items]
Leverage ratio,				0.04
Preliminary purchase price				$ 500,000,000
Terminate percentage				0.50
Senior Secured Revolving Credit Facility | Letter of Credit | Fed Fund Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.50%
Senior Secured Revolving Credit Facility | Letter of Credit | One- Month SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate				1%
Senior Secured Revolving Credit Facility | Letter of Credit | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage				0.20%
Senior Secured Revolving Credit Facility | Letter of Credit | Minimum | One- Month SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.50%
Senior Secured Revolving Credit Facility | Letter of Credit | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage				0.25%
Senior Secured Revolving Credit Facility | Letter of Credit | Maximum | One- Month SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.75%
Senior Secured Revolving Credit Facility | Letter of Credit | Morgan Stanley Senior Funding, Inc
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 20,000,000

Net (Loss) Income per Share - S

Net (Loss) Income per Share - Schedule of Computation of Net (Loss) Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss)	$ (17,675)	$ 60,850
Basic weighted average shares of common stock (in shares)	193,465,708	191,997,330
Dilutive effect of common stock equivalents (in shares)	0	2,994,576
Diluted weighted average common shares (in shares)	193,465,708	194,991,906
Basic net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders	$ (0.09)	$ 0.32
Diluted net (loss) income per common share attributable to Allegro MicroSystems, Inc. stockholders	$ (0.09)	$ 0.31

Net (Loss) Income per Share -_2

Net (Loss) Income per Share - Schedule of Issuable Weighted Average Dilutive Share Information (Details) - shares	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dilutive effect of common stock equivalents (in shares)	0	2,994,576
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of net income per share (in shares)	754,975	0
Dilutive effect of common stock equivalents (in shares)	0	1,163,894
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive securities excluded from computation of net income per share (in shares)	214,527	65,943
Dilutive effect of common stock equivalents (in shares)	0	1,809,200
Employee Stock Purchase Plan (ESPP)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dilutive effect of common stock equivalents (in shares)	0	21,482

Common Stock and Stock-Based _3

Common Stock and Stock-Based Compensation - Schedule of RSU,PSU And Restricted Common Stock (Details)	3 Months Ended
	Jun. 28, 2024 $ / shares shares
Restricted Stock Units (RSUs)
Shares
Beginning balance (in shares) | shares	2,215,621
Granted (in shares) | shares	1,278,203
Issued (in shares) | shares	(762,311)
Forfeited (in shares) | shares	(51,109)
Ending balance (in shares) | shares	2,680,404
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 29.82
Granted (in dollars per share) | $ / shares	28.87
Issued (in dollars per share) | $ / shares	28.47
Frofieted (in dollars per share) | $ / shares	29.9
Ending balance (in dollars per share) | $ / shares	$ 29.76
Performance Stock Units (PSUs)
Shares
Beginning balance (in shares) | shares	2,429,393
Granted (in shares) | shares	527,474
Excess shares issued due to achievement of performance conditions (in shares) | shares	12,358
Issued (in shares) | shares	(301,716)
Forfeited (in shares) | shares	(34,731)
Ending balance (in shares) | shares	2,632,778
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 25.64
Granted (in dollars per share) | $ / shares	31.07
Excess shares issued due to achievement of performance conditions (in dollars per share) | $ / shares	13.94
Issued (in dollars per share) | $ / shares	28.51
Frofieted (in dollars per share) | $ / shares	34.39
Ending balance (in dollars per share) | $ / shares	$ 26.21

Common Stock and Stock-Based _4

Common Stock and Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Mar. 29, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, shares outstanding (in shares)	193,836,578	193,164,609
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recorded	$ 72,114
Weighted average useful life	2 years 4 months 17 days
Fair value vested	$ 21,696
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense not yet recorded	$ 28,809
Weighted average useful life	2 years 3 months 29 days
Fair value vested	$ 8,601
Common stock, shares outstanding (in shares)		76,306
Performance Stock Units (PSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Inclusion percentage of target goals	0%
Performance Stock Units (PSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Inclusion percentage of target goals	200%

Common Stock and Stock-Based _5

Common Stock and Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 10,118	$ 11,042
Cost of sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	561	2,606
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	3,735	2,868
Selling, general and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation	$ 5,822	$ 5,568

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Provision (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 1,040	$ 7,215
Effective tax rate	(6.30%)	10.60%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)			3 Months Ended
	Apr. 25, 2024	Dec. 02, 2021	Jun. 28, 2024	Jun. 30, 2023	Mar. 29, 2024	Jul. 01, 2022
Related Party Transaction [Line Items]
Trade accounts receivable, net			$ 63,358,000		$ 118,508,000
Outstanding balance			195,811,000		245,102,000
Periodic payment			984,000
Interest income			46,000
Polar Semiconductor, LLC
Related Party Transaction [Line Items]
Exchange for equity interests amounts of transaction	$ 175,000
Additional direct funding and tax credits amount	$ 310,700
PSL
Related Party Transaction [Line Items]
Purchases from related party			14,956,000	$ 16,102,000
Amounts due to related party			4,892,000		1,621,000
PSL | Initial PSL Loan | Loans Payable
Related Party Transaction [Line Items]
Principal amount		$ 7,500,000				$ 7,500,000
Interest rate		1.26%
Term		4 years
Outstanding balance			7,500,000
PSL | Secondary PSL Loan | Loans Payable
Related Party Transaction [Line Items]
Interest rate		2.99%
Sanken
Related Party Transaction [Line Items]
Other accounts receivable from related party			0		160,000
Sanken | Sanken Distribution Agreement, One-Time Sales Return
Related Party Transaction [Line Items]
Trade accounts receivable, net			$ 0		0
Sanken
Related Party Transaction [Line Items]
Ownership percentage by majority shareholder			50.80%
Amounts due to related party			$ 3,000		$ 0
Sanken | Polar Semiconductor, LLC
Related Party Transaction [Line Items]
Ownership percentage by majority shareholder			70%
Allegro Microsystems, Inc. | Polar Semiconductor, LLC
Related Party Transaction [Line Items]
Ownership percentage by majority shareholder	10.20%		30%

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 29, 2024	Jul. 26, 2024	Jul. 23, 2024	Jun. 21, 2023
Revolving Credit Facility | Morgan Stanley Senior Funding, Inc
Subsequent Event [Line Items]
Maximum borrowing capacity				$ 224,000
Amend 2023 Revolving Credit Agreement | Morgan Stanley Senior Funding, Inc
Subsequent Event [Line Items]
Maximum borrowing capacity				$ 32,000
Subsequent Event | Share Repurchase Agreement
Subsequent Event [Line Items]
Facilitation fee included in transaction expenses			$ 35,000
Subsequent Event | Share Repurchase Agreement | Common Stock
Subsequent Event [Line Items]
Repurchase of common stock	28,750,000		38,767,315
Repurchase of common stock, value	$ 621,456
Subsequent Event | Equity Offering | Common Stock
Subsequent Event [Line Items]
Issuance of common stock		28,750,000
Share price		$ 24
Net proceeds from issuance of common stock		$ 665,850
underwriting discount		$ 24,150
Subsequent Event | Underwriters Option | Common Stock
Subsequent Event [Line Items]
Issuance of common stock		3,750,000