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Property and Equipment, net

12 Months Ended

Apr. 30, 2023

Property and Equipment, net

Property and Equipment, net

7.           Property and Equipment, net

​

Property and equipment, net consist of the following:

​

​	​	​	​	​	​	​	​
​	​	April 30,					​
​		2023			2022		​
​	​	(In thousands)					​
In-service ISR assets	​	$	—	​	$	48,496	​
Leasehold improvements	​	​	22,541	​	​	20,842	​
Machinery and equipment	​		124,845	​		64,759	​
Furniture and fixtures	​		4,756	​		4,239	​
Computer equipment and software	​		44,689	​		41,476	​
Construction in process	​		5,962	​		4,618	​
Property and equipment, gross	​		202,793	​		184,430	​
Less accumulated depreciation and amortization	​		(162,998)	​		(122,134)	​
Property and equipment, net	​	$	39,795	​	$	62,296	​

​

Depreciation expense for the years ended April 30, 2023, 2022 and 2021 was $41,803,000, $30,493,000 and $12,793,000, respectively. During the fiscal year ended April 30, 2023, the Company recorded accelerated the depreciation of $16,597,000 related to in-service ISR assets associated with the closure of all of the Company’s MUAS COCO sites. The Company reclassified certain in-service ISR assets determined to have an alternate business use to machinery and equipment. At April 30, 2023, the reclassified assets had a carrying value of $4,586,000. During the fiscal years ended April 30, 2023, 2022 and 2021, the Company recorded losses on the disposal of in-service ISR assets which included the write-off of $192,000, $1,378,000 and $298,000 of non-cash purchase accounting fair value adjustments, respectively.

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- References

No definition available.

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X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI https://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916

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