XML 30 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
REVENUE:        
Revenues $ 16,800 $ 14,292 $ 53,254 $ 42,993
COSTS AND EXPENSES:        
Marketing and advertising 983 1,021 3,122 3,056
Employee benefits 592 532 1,666 1,518
Depreciation and amortization 1,316 415 3,832 1,198
General, administrative and other 1,684 1,873 5,273 5,852
Total costs and expenses 13,912 12,479 42,618 38,461
OPERATING INCOME 2,888 1,813 10,636 4,532
OTHER INCOME (EXPENSE):        
Interest expense (1,112) (44) (3,296) (169)
Refund of sales/use tax 385 1,995
Gain on sale of airplane 75 604
Total other income (expense) (1,037) 341 (2,692) 1,826
INCOME BEFORE INCOME TAXES 1,851 2,154 7,944 6,358
PROVISION FOR INCOME TAXES        
Provision for income taxes 494 495 2,081 1,320
NET INCOME 1,357 1,659 5,863 5,038
Net income attributable to noncontrolling interest in BHCMC, LLC (22) (319) (237) (1,468)
NET INCOME ATTRIBUTABLE TO BUTLER NATIONAL CORPORATION $ 1,335 $ 1,340 $ 5,626 $ 3,570
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.02 $ 0.02 $ 0.08 $ 0.06
WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) 67,954,200 63,976,255 68,109,733 64,356,380
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.02 $ 0.02 $ 0.08 $ 0.06
WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) 67,954,200 63,976,255 68,109,733 64,356,380
Professional Services [Member]        
REVENUE:        
Revenues $ 7,962 $ 7,617 $ 24,186 $ 23,423
COSTS AND EXPENSES:        
Cost of services and products 4,030 4,996 11,886 14,735
Aerospace Products [Member]        
REVENUE:        
Revenues 8,838 6,675 29,068 19,570
COSTS AND EXPENSES:        
Cost of services and products $ 5,307 $ 3,642 $ 16,839 $ 12,102