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Business Acquisitions (Tables) | 9 Months Ended
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Jan. 28, 2023
Planck Aerosystems, Inc. ("Planck") |
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 | The following unaudited pro forma summary presents condensed consolidated information of the Company as if the business acquisition had occurred on May 1, 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Three Months Ended | ​ | Nine Months Ended | ​ | Nine Months Ended
​ | ​ | January 28, | ​ | January 29, | ​ | January 28, | ​ | January 29,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
Revenue | ​ | $ | 134,395 | ​ | $ | 90,752 | ​ | $ | 357,411 | ​ | $ | 315,086
Net (loss) income attributable to AeroVironment, Inc. | ​ | $ | (390) | ​ | $ | (140) | ​ | $ | (13,840) | ​ | $ | (12,752)
​
Telerob. |
Schedule of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition | 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 | The following unaudited pro forma summary presents condensed consolidated information of the Company as if the business acquisition had occurred on May 1, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | January 29, | ​ | January 29,
​ | ​ | 2022 | ​ | 2022
Revenue | ​ | $ | 90,093 | ​ | $ | 313,110
Net loss attributable to AeroVironment, Inc. | ​ | $ | 1,753 | ​ | $ | (6,091)
​

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- 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 https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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