XML 99 R29.htm IDEA: XBRL DOCUMENT

Organization and Significant Accounting Policies (Tables)

9 Months Ended

Jan. 30, 2021

Organization and Significant Accounting Policies

Schedule of revenue by category


		Three Months Ended						Nine Months Ended
		January 30,			January 25,			January 30,			January 25,
Revenue by major product line/program		2021			2020			2021			2020
Small UAS		$	50,536		$	36,965		$	165,003		$	162,868
TMS			19,598			7,908			48,093			21,419
HAPS			7,480			11,762			35,318			37,490
Other			1,168			5,256			10,483			10,296
Total revenue		$	78,782		$	61,891		$	258,897		$	232,073


		Three Months Ended						Nine Months Ended
		January 30,			January 25,			January 30,			January 25,
Revenue by contract type		2021			2020			2021			2020
FFP		$	61,230		$	40,145		$	190,530		$	168,607
CPFF			17,530			20,863			68,329			60,384
T&M			22			883			38			3,082
Total revenue		$	78,782		$	61,891		$	258,897		$	232,073

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						Nine Months Ended
		January 30,			January 25,			January 30,			January 25,
Revenue by customer category		2021			2020			2021			2020
U.S. government		$	60,633		$	25,535		$	170,023		$	124,971
Non-U.S. government			18,149			36,356			88,874			107,102
Total revenue		$	78,782		$	61,891		$	258,897		$	232,073


		Three Months Ended						Nine Months Ended
		January 30,			January 25,			January 30,			January 25,
Revenue by geographic location		2021			2020			2021			2020
Domestic		$	51,062		$	27,626		$	150,890		$	116,399
International			27,720			34,265			108,007			115,674
Total revenue		$	78,782		$	61,891		$	258,897		$	232,073

Schedule of reconciliation of basic to diluted shares


			Three Months Ended						Nine Months Ended
		January 30, 2021			January 25, 2020			January 30, 2021			January 25, 2020
Denominator for basic earnings (loss) per share:
Weighted average common shares			23,942,782			23,821,145			23,924,017			23,790,788
Dilutive effect of employee stock options, restricted stock and restricted stock units			318,092			—			292,354			285,407
Denominator for diluted earnings (loss) per share			24,260,874			23,821,145			24,216,371			24,076,195