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Business Acquisitions (Tables)

9 Months Ended

Jan. 30, 2021

Business Acquisitions

Schedule of the fair value of the assets acquired and liabilities assumed at the acquisition date

During the fiscal year ended April 30, 2020, the Company finalized its determination of the fair value of the assets and liabilities assumed as of the acquisition date, which is summarized in the following table (in thousands):

​	​	​	​	​
​	​	June 10,		​
​	​	2019		​
Technology		$	14,950	​
Goodwill	​	​	6,340	​
In-process R&D	​	​	550	​
Inventory	​	​	334	​
Non-compete agreements	​	​	320	​
Other assets, net of liabilities assumed	​	​	(614)	​
Total net identified assets acquired	​	$	21,880	​
​	​	​	​	​
Fair value of consideration:	​	​	​	​
Cash	​	$	18,677	​
Holdback	​	​	1,250	​
Retention	​	​	250	​
Contingent consideration	​	​	1,703	​
Total	​	$	21,880	​

Schedule of unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred

The following unaudited pro forma summary presents consolidated information of the Company as if the business acquisition had occurred on May 1, 2018 (in thousands):

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Three Months Ended

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Nine Months Ended

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January 25

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January 26

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January 25

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January 26

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2020

2019

2020

2019

Revenue

​

$

61,891

​

$

75,922

​

$

232,300

​

$

228,533

Net income attributable to AeroVironment, Inc.

​

$

(726)

​

$

7,244

​

$

24,227

​

$

38,471

X

- Definition

Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

No definition available.

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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