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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Jul. 27, 2019
Jul. 28, 2018
Revenue:    
Total revenue $ 86,911 $ 78,043
Cost of sales:    
Cost of sales 45,639 45,454
Gross margin:    
Total gross margin 41,272 32,589
Operating Expenses [Abstract]    
Selling, general and administrative 13,668 11,956
Research and development 8,709 6,435
Income from continuing operations 18,895 14,198
Other income:    
Interest income, net 1,329 906
Other income, net 355 8,388
Income from continuing operations before income taxes 20,579 23,492
Provision for income taxes 2,133 2,567
Equity method investment loss, net of tax (1,347) (602)
Net income from continuing operations 17,099 20,323
Discontinued operations:    
Gain on sale of business, net of tax expense of $2,577   8,843
Loss from discontinued operations, net of tax   (1,850)
Net income from discontinued operations   6,993
Net income 17,099 27,316
Net loss attributable to noncontrolling interest 11 14
Net income attributable to AeroVironment $ 17,110 $ 27,330
Net income per share attributable to AeroVironment-Basic    
Basic, continuing (in dollars per share) $ 0.72 $ 0.86
Basic, discontinuing (in dollars per share)   0.30
Net income per share attributable to AeroVironment - Basic (in dollars per share) 0.72 1.16
Net income per share attributable to AeroVironment-Diluted    
Diluted, continuing (in dollars per share) 0.71 0.85
Diluted, discontinued (in dollars per share)   0.29
Net income per share attributable to AeroVironment - Diluted (in dollars per share) $ 0.71 $ 1.14
Weighted average shares outstanding:    
Basic (in shares) 23,745,199 23,574,595
Diluted (in shares) 24,069,933 24,010,303
Product sales    
Revenue:    
Revenue $ 65,839 $ 55,313
Cost of sales:    
Cost of sales 30,408 29,811
Gross margin:    
Total gross margin 35,431 25,502
Contract services    
Revenue:    
Revenue 21,072 22,730
Cost of sales:    
Cost of sales 15,231 15,643
Gross margin:    
Total gross margin $ 5,841 $ 7,087