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Organization and Significant Accounting Policies (Tables)

6 Months Ended

Oct. 30, 2021

Organization and Significant Accounting Policies

Schedule of revenue by category


		Three Months Ended						Six Months Ended
		October 30,			October 31,			October 30,			October 31,
Revenue by major product line/program		2021			2020			2021			2020
Small UAS		$	54,714		$	58,265		$	94,638		$	114,467
TMS			18,418			18,961			37,594			28,495
MUAS			26,525			—			48,904			—
Other			22,351			15,439			41,881			37,153
Total revenue		$	122,008		$	92,665		$	223,017		$	180,115


		Three Months Ended						Six Months Ended
		October 30,			October 31,			October 30,			October 31,
Revenue by contract type		2021			2020			2021			2020
FFP		$	98,393		$	68,425		$	179,159		$	129,300
CPFF			21,594			24,230			40,711			50,799
T&M			2,021			10			3,147			16
Total revenue		$	122,008		$	92,665		$	223,017		$	180,115

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 30,			October 31,			October 30,			October 31,
Revenue by customer category		2021			2020			2021			2020
U.S. government		$	72,076		$	55,594		$	143,151		$	109,390
Non-U.S. government			49,932			37,071			79,866			70,725
Total revenue		$	122,008		$	92,665		$	223,017		$	180,115

		Three Months Ended						Six Months Ended
		October 30,			October 31,			October 30,			October 31,
Revenue by geographic location		2021			2020			2021			2020
Domestic		$	68,663		$	46,398		$	137,051		$	99,828
International			53,345			46,267			85,966			80,287
Total revenue		$	122,008		$	92,665		$	223,017		$	180,115

Schedule of reconciliation of basic to diluted shares


			Three Months Ended						Six Months Ended
		October 30, 2021			October 31, 2020			October 30, 2021			October 31, 2020
Net income (loss) attributable to AeroVironment, Inc.		$	2,525		$	2,094		$	(11,456)		$	12,174
Denominator for basic earnings (loss) per share:
Weighted average common shares			24,641,614			23,936,950			24,630,838			23,914,737
Dilutive effect of employee stock options, restricted stock and restricted stock units			244,256			259,962			—			275,579
Denominator for diluted earnings (loss) per share			24,885,870			24,196,912			24,630,838			24,190,316