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Organization and Significant Accounting Policies (Tables)

3 Months Ended

Jul. 31, 2021

Organization and Significant Accounting Policies

Schedule of revenue by category

​

​	​	​	​	​	​	​	​
​		Three Months Ended					​
​		July 31,		​	August 1,		​
Revenue by major product line/program		2021			2020		​
Small UAS	​	$	39,924	​	$	56,202	​
TMS	​	​	19,176	​	​	9,534	​
MUAS	​	​	22,379	​	​	—	​
Other	​		19,530	​		21,714	​
Total revenue	​	$	101,009	​	$	87,450	​

​

​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​		July 31,		​	August 1,		​
Revenue by contract type	​	2021			2020		​
FFP	​	$	80,766	​	$	60,875	​
CPFF	​	​	19,117	​	​	26,569	​
T&M			1,126	​		6	​
Total revenue	​	$	101,009	​	$	87,450	​

​

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					​
​		July 31,		​	August 1,		​
Revenue by customer category	​	2021			2020		​
U.S. government	​	$	71,075	​	$	53,796	​
Non-U.S. government	​	​	29,934	​	​	33,654	​
Total revenue	​	$	101,009	​	$	87,450	​
​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	July 31,		​	August 1,		​
Revenue by geographic location	​	2021			2020		​
Domestic	​	$	68,388	​	$	53,430	​
International	​	​	32,621	​	​	34,020	​
Total revenue	​	$	101,009	​	$	87,450	​

Schedule of reconciliation of basic to diluted shares

​

​	​	​	​	​	​	​	​
​	​	​	Three Months Ended
​		July 31, 2021			August 1, 2020
Net income attributable to AeroVironment, Inc.	​	$	(13,981)	​	$	10,080	​
Denominator for basic earnings (loss) per share:	​	​	​	​	​	​	​
Weighted average common shares		​	24,620,180		​	23,893,001	​
Dilutive effect of employee stock options, restricted stock and restricted stock units		​	—		​	293,227	​
Denominator for diluted earnings (loss) per share	​	​	24,620,180	​	​	24,186,228	​

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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