XML 108 R30.htm IDEA: XBRL DOCUMENT

Organization and Significant Accounting Policies (Tables)

3 Months Ended

Oct. 31, 2020

Organization and Significant Accounting Policies

Schedule of revenue by category


		Three Months Ended						Six Months Ended
		October 31,			October 26,			October 31,			October 26,
Revenue by major product line/program		2020			2019			2020			2019
Small UAS		$	58,265		$	59,157		$	114,467		$	125,903
TMS			18,961			7,924			28,495			13,511
HAPS			11,452			13,393			27,838			25,728
Other			3,987			2,797			9,315			5,040
Total revenue		$	92,665		$	83,271		$	180,115		$	170,182


		Three Months Ended						Six Months Ended
		October 31,			October 26,			October 31,			October 26,
Revenue by contract type		2020			2019			2020			2019
FFP		$	68,425		$	60,518		$	129,300		$	128,462
CPFF			24,230			21,257			50,799			39,521
T&M			10			1,496			16			2,199
Total revenue		$	92,665		$	83,271		$	180,115		$	170,182

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.


		Three Months Ended						Six Months Ended
		October 31,			October 26,			October 31,			October 26,
Revenue by customer category		2020			2019			2020			2019
U.S. government		$	55,594		$	50,302		$	109,390		$	99,436
Non-U.S. government			37,071			32,969			70,725			70,746
Total revenue		$	92,665		$	83,271		$	180,115		$	170,182


		Three Months Ended						Six Months Ended
		October 31,			October 26,			October 31,			October 26,
Revenue by geographic location		2020			2019			2020			2019
Domestic		$	46,398		$	49,965		$	99,828		$	88,773
International			46,267			33,306			80,287			81,409
Total revenue		$	92,665		$	83,271		$	180,115		$	170,182

Schedule of reconciliation of basic to diluted shares


			Three Months Ended						Six Months Ended
		October 31, 2020			October 26, 2019			October 31, 2020			October 26, 2019
Denominator for basic earnings per share:
Weighted average common shares			23,936,950			23,804,364			23,914,737			23,775,355
Dilutive effect of employee stock options, restricted stock and restricted stock units			259,962			257,446			275,579			288,420
Denominator for diluted earnings per share			24,196,912			24,061,810			24,190,316			24,063,775