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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Oct. 29, 2022
Oct. 30, 2021
Revenue:        
Revenue $ 111,584 $ 122,008 $ 220,100 $ 223,017
Cost of sales:        
Cost of sales 85,694 79,553 160,496 151,839
Gross margin:        
Total gross margin 25,890 42,455 59,604 71,178
Selling, general and administrative 23,613 24,819 45,556 51,947
Research and development 16,591 14,297 31,636 28,005
(Loss) income from operations (14,314) 3,339 (17,588) (8,774)
Other (loss) income:        
Interest expense, net (2,309) (1,379) (3,912) (2,654)
Other income (expense), net 810 (10,048) 404 (10,394)
Loss before income taxes (15,813) (8,088) (21,096) (21,822)
Benefit from income taxes (10,457) (9,511) (7,851) (10,468)
Equity method investment (loss) income, net of tax (1,273) 1,133 (1,773) (8)
Net (loss) income (6,629) 2,556 (15,018) (11,362)
Net income attributable to noncontrolling interest 39 31 45 94
Net (loss) income attributable to AeroVironment, Inc. $ (6,668) $ 2,525 $ (15,063) $ (11,456)
Net income (loss) per share attributable to AeroVironment        
Net (loss) income per share attributable to AeroVironment, Inc.-Basic $ (0.27) $ 0.10 $ (0.61) $ (0.47)
Net (loss) income per share attributable to AeroVironment, Inc.-Diluted $ (0.27) $ 0.10 $ (0.61) $ (0.47)
Weighted-average shares outstanding:        
Basic (in shares) 24,900,873 24,641,614 24,852,219 24,630,838
Diluted (in shares) 24,900,873 24,885,870 24,852,219 24,630,838
Product sales        
Revenue:        
Revenue $ 62,343 $ 70,998 $ 120,317 $ 124,114
Cost of sales:        
Cost of sales 39,445 38,937 72,344 71,527
Gross margin:        
Total gross margin 22,898 32,061 47,973 52,587
Contract services        
Revenue:        
Revenue 49,241 51,010 99,783 98,903
Cost of sales:        
Cost of sales 46,249 40,616 88,152 80,312
Gross margin:        
Total gross margin $ 2,992 $ 10,394 $ 11,631 $ 18,591