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Business Acquisitions (Tables)
12 Months Ended
Apr. 30, 2023
Planck Aerosystems, Inc. ("Planck")  
Statement Line Items [Line Items]  
Schedule of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The following table summarizes the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition of Planck. The purchase price allocation is expected to be finalized as soon as practicable within the measurement period, but not later than one year following the acquisition date (in thousands):

August 17,

2022

Fair value of assets acquired:

Technology

    

$

3,200

Backlog

700

Inventories

109

Other assets

19

Property and equipment, net

13

Goodwill

1,633

Total identifiable net assets

$

5,674

Fair value of liabilities assumed:

Customer advances

69

Total liabilities assumed

69

Total identifiable net assets

$

5,605

Fair value of consideration transferred:

Cash

$

5,105

Holdback

500

Total consideration

$

5,605

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

Year Ended

April 30,

April 30,

2023

    

2022

Revenue

$

544,961

$

448,367

Net loss attributable to AeroVironment, Inc.

$

(173,277)

$

(5,798)

Telerob.  
Statement Line Items [Line Items]  
Schedule of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The Company accounted for the acquisition under the acquisition method of accounting for business combinations. During the fiscal year ended April 30, 2022, 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):

May 3,

2021

Fair value of assets acquired:

Accounts receivable

    

$

1,045

Unbilled receivable

829

Inventories, net

15,074

Prepaid and other current assets

314

Property and equipment, net

1,571

Operating lease assets

1,508

Other assets

494

Technology

11,500

Backlog

2,400

Customer relationships

5,000

Other intangible assets

102

Goodwill

20,800

Total assets acquired

$

60,637

Fair value of liabilities assumed:

Accounts payable

$

1,136

Wages and related accruals

560

Customer advances

1,243

Current operating lease liabilities

361

Other current liabilities

3,310

Non-current operating lease liabilities

1,147

Other non-current liabilities

224

Deferred income taxes

5,617

Total liabilities assumed

13,598

Total identifiable net assets

$

47,039

Fair value of consideration:

Cash consideration, net of cash acquired

$

46,150

Contingent consideration

889

Total

$

47,039

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

Year Ended

April 30,

April 30,

2022

    

2021

Revenue

$

445,732

$

428,353

Net income attributable to AeroVironment, Inc.

$

2,334

$

17,345

Arcturus UAV Inc.  
Statement Line Items [Line Items]  
Schedule of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The Company accounted for the acquisition under the acquisition method of accounting for business combinations. During the fiscal year ended April 30, 2022, 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):

February 19,

2021

Fair value of assets acquired:

Accounts receivable

$

6,050

Unbilled receivable

4,176

Inventories, net

21,701

Prepaid and other current assets

2,709

Property and equipment, net

38,739

Operating lease assets

11,429

Other assets

136

Technology

20,500

Customer relationships

62,700

Goodwill

290,006

Total assets acquired

$

458,146

Fair value of liabilities assumed:

Accounts payable

$

3,085

Wages and related accruals

1,698

Customer advances

1,818

Other current liabilities

9,562

Operating lease liabilities

12,297

Other non-current liabilities

1,190

Deferred income taxes, net

5,869

Total liabilities assumed

35,519

Total identifiable net assets

$

422,627

Fair value of consideration transferred:

    

Cash consideration, net of cash acquired

$

350,243

Equity consideration

72,384

Total consideration

$

422,627

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, 2019 (in thousands):

Year Ended

April 30,

April 30,

    

2021

    

2020

Revenue

$

478,579

$

454,769

Net income attributable to AeroVironment, Inc.

$

27,572

$

31,264

Intelligent Systems Group  
Statement Line Items [Line Items]  
Schedule of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The Company accounted for the acquisition under the acquisition method of accounting for business combinations. During the fiscal year ended April 30, 2022, 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):

February 23,

2021

Fair value of assets acquired:

Technology

    

$

11,400

Customer relationships

4,500

Other assets

217

Goodwill

19,254

Total identifiable net assets

$

35,371

Fair value of consideration transferred:

Cash

$

29,700

Holdback

150

Contingent consideration

5,521

Total consideration

$

35,371

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, 2019 (in thousands):

Year Ended

April 30,

April 30,

    

2021

    

2020

Revenue

$

406,444

$

379,627

Net income attributable to AeroVironment, Inc.

$

23,787

$

39,025