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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Oct. 27, 2018
Oct. 28, 2017
Oct. 27, 2018
Oct. 28, 2017
Revenue:        
Total revenue $ 72,979,000 $ 65,801,000 $ 151,022,000 $ 100,162,000
Cost of sales:        
Cost of sales 44,580,000 35,658,000 90,034,000 61,321,000
Gross margin:        
Total gross margin 28,399,000 30,143,000 60,988,000 38,841,000
Selling, general and administrative 13,646,000 12,768,000 25,602,000 24,055,000
Research and development 8,109,000 6,844,000 14,544,000 12,386,000
Income from continuing operations 6,644,000 10,531,000 20,842,000 2,400,000
Other income:        
Interest income, net 1,068,000 432,000 1,974,000 944,000
Other income (expense), net 1,291,000 (55,000) 9,679,000 (51,000)
Income from continuing operations before income taxes 9,003,000 10,908,000 32,495,000 3,293,000
Provision for income taxes 1,211,000 3,358,000 3,778,000 137,000
Equity method investment activity, net of tax (752,000)   (1,354,000)  
Net income from continuing operations 7,040,000 7,550,000 27,363,000 3,156,000
Discontinued operations:        
(Loss) gain on sale of business, net of tax (benefit) expense of $(114) and $2,463 for the three and six months ended October 27, 2018, respectively (391,000)   8,452,000  
Loss from discontinued operations, net of tax (599,000) (33,000) (2,449,000) (1,521,000)
Net (loss) income from discontinued operations (990,000) (33,000) 6,003,000 (1,521,000)
Net income 6,050,000 7,517,000 33,366,000 1,635,000
Net loss attributable to noncontrolling interest 7,000 206,000 21,000 229,000
Net income attributable to AeroVironment $ 6,057,000 $ 7,723,000 $ 33,387,000 $ 1,864,000
Net income (loss) per share attributable to AeroVironment - Basic        
Basic, continuing (in dollars per share) $ 0.30 $ 0.33 $ 1.16 $ 0.14
Basic, discontinuing (in dollars per share) (0.04)   0.25 (0.06)
Net income (loss) per share attributable to AeroVironment - Basic (in dollars per share) 0.26 0.33 1.41 0.08
Diluted, continuing (in dollars per share) 0.29 0.32 1.14 0.14
Diluted, discontinued (in dollars per share) (0.04)   0.25 (0.06)
Net income (loss) per share attributable to AeroVironment - Diluted (in dollars per share) $ 0.25 $ 0.32 $ 1.39 $ 0.08
Weighted average shares outstanding:        
Basic (in shares) 23,667,400 23,477,914 23,621,720 23,407,500
Diluted (in shares) 24,098,833 23,832,959 24,059,394 23,715,997
Product sales        
Revenue:        
Revenue $ 47,056,000 $ 48,420,000 $ 102,369,000 $ 67,200,000
Cost of sales:        
Cost of sales 26,567,000 25,196,000 56,378,000 41,168,000
Gross margin:        
Total gross margin 20,489,000 23,224,000 45,991,000 26,032,000
Contract services        
Revenue:        
Revenue 25,923,000 17,381,000 48,653,000 32,962,000
Cost of sales:        
Cost of sales 18,013,000 10,462,000 33,656,000 20,153,000
Gross margin:        
Total gross margin $ 7,910,000 $ 6,919,000 $ 14,997,000 $ 12,809,000