Organization and Significant Accounting Policies (Tables)

9 Months Ended

Jan. 25, 2020

Organization and Significant Accounting Policies

Schedule of revenue by category

The following tables present the Company’s revenue disaggregated by major product line, contract type, customer category and geographic location (in thousands):

	Three Months Ended				Nine Months Ended
	January 25,		January 26,		January 25,		January 26,
Revenue by major product line/program	2020		2019		2020		2019
Small UAS	$	36,965	$	47,704	$	162,868	$	131,119
TMS		7,908		11,270		21,419		49,055
HAPS		11,762		13,586		37,490		37,981
Other		5,256		2,762		10,296		8,189
Total revenue	$	61,891	$	75,322	$	232,073	$	226,344

	Three Months Ended				Nine Months Ended
	January 25,		January 26,		January 25,		January 26,
Revenue by contract type	2020		2019		2020		2019
FFP	$	40,145	$	52,833	$	168,607	$	160,890
CPFF		20,863		22,370		60,384		65,223
T&M		883		119		3,082		231
Total revenue	$	61,891	$	75,322	$	232,073	$	226,344

	Three Months Ended				Nine Months Ended
	January 25,		January 26,		January 25,		January 26,
Revenue by customer category	2020		2019		2020		2019
U.S. government:	$	25,535	$	52,383	$	124,971	$	135,232
Non-U.S. government		36,356		22,939		107,102		91,112
Total revenue	$	61,891	$	75,322	$	232,073	$	226,344
	Three Months Ended				Nine Months Ended
	January 25,		January 26,		January 25,		January 26,
Revenue by geographic location	2020		2019		2020		2019
Domestic	$	27,626	$	34,436	$	116,399	$	116,514
International		34,265		40,886		115,674		109,830
Total revenue	$	61,891	$	75,322	$	232,073	$	226,344

Schedule of reconciliation of basic to diluted shares

The reconciliation of basic to diluted shares is as follows (in thousands except share data):

		Three Months Ended				Nine Months Ended
(Loss) income from	January 25, 2020		January 26, 2019		January 25, 2020		January 26, 2019
Continuing operations attributable to AeroVironment	$	(1,008)	$	8,431	$	23,603	$	35,815
Discontinued operations, net of tax		—		(62)		—		5,941
Net (loss) income attributable to AeroVironment	$	(1,008)	$	8,369	$	23,603	$	41,756
Denominator for basic (loss) earnings per share:
Weighted average common shares		23,821,145		23,687,672		23,790,788		23,643,866
Dilutive effect of employee stock options, restricted stock and restricted stock units		—		394,147		285,407		420,142
Denominator for diluted (loss) earnings per share		23,821,145		24,081,819		24,076,195		24,064,008