Organization and Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2022

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
In-service ISR assets	3 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	3 - 12 years
Backlog	1 year
Licenses	3 years
Customer relationships	3 - 5 years
In-process research and development	3 years
Trademarks and tradenames	6 years
Non-compete agreements	Contractual term

Schedule of revenue by category

	Year Ended April 30,
Revenue by segment	2022		2021		2020
Small UAS	$	178,201	$	235,854	$	225,888
TMS		76,415		87,268		63,781
MUAS		93,156		15,837		—
HAPS		43,325		42,426		60,864
Other		54,635		13,527		16,763
Total revenue	$	445,732	$	394,912	$	367,296

	Year Ended April 30,
Revenue by contract type	2022		2021		2020
FFP	$	346,092	$	307,413	$	269,917
CPFF		93,428		86,719		94,176
T&M		6,212		780		3,203
Total revenue	$	445,732	$	394,912	$	367,296

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	2022		2021		2020
U.S. government	$	294,941	$	271,273	$	225,341
Non-U.S. government		150,791		123,639		141,955
Total revenue	$	445,732	$	394,912	$	367,296
	Year Ended April 30,
Revenue by geographic location	2022		2021		2020
Domestic	$	262,258	$	241,898	$	201,046
International		183,474		153,014		166,250
Total revenue	$	445,732	$	394,912	$	367,296

Schedule of reconciliation of basic to diluted shares

	Year Ended April 30,
	2022		2021		2020
Continuing operations attributable to AeroVironment, Inc.	$	(4,188,000)	$	23,331,000	$	41,339,000
Discontinued operations, net of tax		—		—		(265,000)
Net (loss) income attributable to AeroVironment, Inc.	$	(4,188,000)	$	23,331,000	$	41,074,000
Denominator for basic earnings per share:
Weighted average common shares		24,685,534		24,049,851		23,806,208
Dilutive effect of employee stock options, restricted stock and restricted stock units		—		312,805		281,959
Denominator for diluted earnings per share		24,685,534		24,362,656		24,088,167