Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Apr. 30, 2020

Quarterly Results of Operations (Unaudited)

Schedule of selected unaudited consolidated financial data

	Three Months Ended
	July 27, 2019		October 26, 2019		January 25, 2020		April 30, 2020
	(In thousands except per share data)
Year ended April 30, 2020
Revenue	$	86,911	$	83,271	$	61,891	$	135,223
Gross margin	$	41,272	$	35,166	$	23,496	$	53,168
Net income attributable to AeroVironment, Inc. from continuing operations	$	17,110	$	7,501	$	(1,008)	$	17,736
Net income per share attributable to AeroVironment, Inc. from continuing operations—basic(3)	$	0.72	$	0.32	$	(0.04)	$	0.74
Net income per share attributable to AeroVironment, Inc. from continuing operations—diluted(3)	$	0.71	$	0.31	$	(0.04)	$	0.73

	Three Months Ended
	July 30,			October 29,		January 28,		April 30,
	2018			2018		2019		2019
	(In thousands except per share data)
Year ended April 30, 2019
Revenue	$	78,043		$	72,979	$	75,322	$	87,930
Gross margin	$	32,589		$	28,399	$	30,392	$	37,023
Net (loss) income attributable to AeroVironment, Inc. from continuing operations	$	20,337	(1)	$	7,047	$	8,431	$	6,097	(2)
Net (loss) income per share attributable to AeroVironment, Inc. from continuing operations—basic(3)	$	0.86	(1)	$	0.30	$	0.35	$	0.26
Net (loss) income per share attributable to AeroVironment, Inc. from continuing operations—diluted(3)	$	0.85	(1)	$	0.29	$	0.35	$	0.26

(1) Includes a one-time gain from a litigation settlement of $0.26 per basic and diluted share from continuing operations attributable to AeroVironment recorded to “Other income (expense), net” in the consolidated statement of operations.

(2) Includes an impairment loss of $4.4 million related to the long-lived assets of the Company’s commercial UAS Quantix solution, recorded to selling, general and administrative expense in the consolidated statement of operations.

(3) Earnings per share is computed independently for each of the quarters presented. The sum of the quarterly earnings per share may not equal the total earnings per share computed for the year due to rounding.