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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 27, 2018
Jan. 28, 2017
Jan. 27, 2018
Jan. 28, 2017
Revenue:        
Product sales $ 49,204 $ 36,746 $ 133,228 $ 81,833
Contract services 14,731 16,417 48,298 57,664
Total revenue 63,935 53,163 181,526 139,497
Cost of sales:        
Product sales 31,911 23,641 86,142 58,060
Contract services 11,438 10,171 32,168 37,986
Total cost of sales 43,349 33,812 118,310 96,046
Gross margin:        
Product sales 17,293 13,105 47,086 23,773
Contract services 3,293 6,246 16,130 19,678
Total gross margin 20,586 19,351 63,216 43,451
Selling, general and administrative 13,500 12,788 41,295 39,838
Research and development 7,314 7,988 21,047 25,105
(Loss) income from operations (228) (1,425) 874 (21,492)
Other income (expense):        
Interest income, net 545 390 1,489 1,162
Other expense, net (108) (38) (159) (357)
Income (loss) before income taxes 209 (1,073) 2,204 (20,687)
Provision (benefit) for income taxes 628 1,102 277 (2,809)
Equity method investment activity, net of tax (418) (8) (418) (119)
Net (loss) income (837) (2,183) 1,509 (17,997)
Net loss attributable to noncontrolling interest 9   238  
Net (loss) income attributable to AeroVironment $ (828) $ (2,183) $ 1,747 $ (17,997)
Net (loss) income per share attributable to AeroVironment:        
Basic (in dollars per share) $ (0.04) $ (0.09) $ 0.07 $ (0.78)
Diluted (in dollars per share) $ (0.04) $ (0.09) $ 0.07 $ (0.78)
Weighted average shares outstanding:        
Basic (in shares) 23,515,622 23,082,974 23,443,673 23,029,546
Diluted (in shares) 23,515,622 23,082,974 23,774,946 23,029,546