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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 26, 2019
Oct. 27, 2018
Oct. 26, 2019
Oct. 27, 2018
Revenue:        
Total revenue $ 83,271 $ 72,979 $ 170,182 $ 151,022
Cost of sales:        
Cost of sales 48,105 44,580 93,744 90,034
Gross margin:        
Total gross margin 35,166 28,399 76,438 60,988
Operating Expenses [Abstract]        
Selling, general and administrative 16,255 13,646 29,923 25,602
Research and development 10,858 8,109 19,567 14,544
Income from continuing operations 8,053 6,644 26,948 20,842
Other income:        
Interest income, net 1,266 1,068 2,595 1,974
Other income, net 157 1,291 512 9,679
Income from continuing operations before income taxes 9,476 9,003 30,055 32,495
Provision for income taxes 1,108 1,211 3,241 3,778
Equity method investment loss, net of tax (863) (752) (2,210) (1,354)
Net income from continuing operations 7,505 7,040 24,604 27,363
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)   8,452
Loss from discontinued operations, net of tax   (599)   (2,449)
Net (loss) income from discontinued operations   (990)   6,003
Net income 7,505 6,050 24,604 33,366
Net (income) loss attributable to noncontrolling interest (4) 7 7 21
Net income attributable to AeroVironment $ 7,501 $ 6,057 $ 24,611 $ 33,387
Net income per share attributable to AeroVironment-Basic        
Basic, continuing (in dollars per share) $ 0.32 $ 0.30 $ 1.04 $ 1.16
Basic, discontinuing (in dollars per share)   (0.04)   0.25
Net income per share attributable to AeroVironment - Basic (in dollars per share) 0.32 0.26 1.04 1.41
Net income per share attributable to AeroVironment-Diluted        
Diluted, continuing (in dollars per share) 0.31 0.29 1.02 1.14
Diluted, discontinued (in dollars per share)   (0.04)   0.25
Net income per share attributable to AeroVironment - Diluted (in dollars per share) $ 0.31 $ 0.25 $ 1.02 $ 1.39
Weighted average shares outstanding:        
Basic (in shares) 23,804,364 23,667,400 23,775,355 23,621,720
Diluted (in shares) 24,061,810 24,098,833 24,063,775 24,059,394
Product sales        
Revenue:        
Revenue $ 57,386 $ 47,056 $ 123,225 $ 102,369
Cost of sales:        
Cost of sales 30,802 26,567 61,210 56,378
Gross margin:        
Total gross margin 26,584 20,489 62,015 45,991
Contract services        
Revenue:        
Revenue 25,885 25,923 46,957 48,653
Cost of sales:        
Cost of sales 17,303 18,013 32,534 33,656
Gross margin:        
Total gross margin $ 8,582 $ 7,910 $ 14,423 $ 14,997