XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2021
Apr. 30, 2020
Jan. 31, 2021
Jan. 31, 2020
REVENUE:        
Revenues $ 14,612 $ 16,800 $ 43,572 $ 53,254
COSTS AND EXPENSES:        
Marketing and advertising 877 983 2,723 3,122
Employee benefits 546 592 1,696 1,666
Depreciation and amortization 1,020 1,316 3,664 3,832
General, administrative and other 2,099 1,684 4,989 5,273
Total costs and expenses 12,744 13,912 39,889 42,618
OPERATING INCOME 1,868 2,888 3,683 10,636
OTHER EXPENSE:        
Interest expense (758) (1,112) (2,411) (3,296)
Gain on sale of airplane 75 604
Other 7 7
Total other expense (751) (1,037) (2,404) (2,692)
INCOME BEFORE INCOME TAXES 1,117 1,851 1,279 7,944
PROVISION FOR INCOME TAXES        
Provision for income taxes 185 494 299 2,081
NET INCOME 932 1,357 980 5,863
Net income attributable to noncontrolling interest in BHCMC, LLC (429) (22) (171) (237)
NET INCOME ATTRIBUTABLE TO BUTLER NATIONAL CORPORATION $ 503 $ 1,335 $ 809 $ 5,626
BASIC EARNINGS PER COMMON SHARE (in dollars per share) $ 0.01 $ 0.02 $ 0.01 $ 0.08
WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) 74,033,347 67,954,200 74,183,488 68,109,733
DILUTED EARNINGS PER COMMON SHARE (in dollars per share) $ 0.01 $ 0.02 $ 0.01 $ 0.08
WEIGHTED AVERAGE SHARES USED IN PER SHARE CALCULATION (in shares) 74,033,347 67,954,200 74,183,488 68,109,733
Professional Services [Member]        
REVENUE:        
Revenues $ 7,901 $ 7,962 $ 20,901 $ 24,186
COSTS AND EXPENSES:        
Cost of services and products 3,485 4,030 10,313 11,886
Aerospace Products [Member]        
REVENUE:        
Revenues 6,711 8,838 22,671 29,068
COSTS AND EXPENSES:        
Cost of services and products $ 4,717 $ 5,307 $ 16,504 $ 16,839