Organization and Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2020

Organization and Significant Accounting Policies

Schedule of estimated useful lives of property and equipment

Machinery and equipment	2 - 7	years
Computer equipment and software	2 - 5	years
Furniture and fixtures	3 - 7	years
Leasehold improvements	Lesser of useful life or term of lease

Schedule of estimated useful life for the Company's intangible assets

Technology	6	years
Licenses	3	years
Customer relationships	3 - 5	years
In-process research and development	3	years
Non-compete agreements	Contractual term

Schedule of revenue by category

	Year Ended April 30,
Revenue by major product line/program	2020		2019		2018
Small UAS	$	225,888	$	183,157	$	167,534
TMS		63,781		65,087		63,406
HAPS		60,864		55,407		29,593
Other		16,763		10,623		7,891
Total revenue	$	367,296	$	314,274	$	268,424

	Year Ended April 30,
Revenue by contract type	2020		2019		2018
FFP	$	269,917	$	224,090	$	212,976
CPFF		94,176		89,485		55,203
T&M		3,203		699		245
Total revenue	$	367,296	$	314,274	$	268,424

Each of these contract types presents advantages and disadvantages. Typically, the Company assumes more risk with FFP contracts. However, these types of contracts generally offer additional profits when the Company completes the work for less than originally estimated. CPFF contracts generally subject the Company to lower risk. Accordingly, the associated base fees are usually lower than fees on FFP contracts. Under T&M contracts, the Company’s profit may vary if actual labor hour rates vary significantly from the negotiated rates.

	Year Ended April 30,
Revenue by customer category	2020		2019		2018
U.S. government:	$	225,341	$	182,586	$	156,996
Non-U.S. government		141,955		131,688		111,428
Total revenue	$	367,296	$	314,274	$	268,424
	Year Ended April 30,
Revenue by geographic location	2020		2019		2018
Domestic	$	201,046	$	151,124	$	142,158
International		166,250		163,150		126,266
Total revenue	$	367,296	$	314,274	$	268,424

Schedule of reconciliation of basic to diluted shares

	Year Ended April 30,
	2020		2019		2018
Continuing operations attributable to AeroVironment, Inc.	$	41,339,000	$	41,912,000	$	21,750,000
Discontinued operations, net of tax		(265,000)		5,526,000		(3,887,000)
Net income attributable to AeroVironment, Inc.	$	41,074,000	$	47,438,000	$	17,863,000
Denominator for basic earnings per share:
Weighted average common shares		23,806,208		23,663,410		23,471,241
Dilutive effect of employee stock options, restricted stock and restricted stock units		281,959		408,303		342,531
Denominator for diluted earnings per share		24,088,167		24,071,713		23,813,772