XML 91 R82.htm IDEA: XBRL DOCUMENT v3.22.4
Business Acquisitions - Telerob (Details)
3 Months Ended 9 Months Ended
May 03, 2021
USD ($)
May 03, 2021
EUR (€)
Jan. 29, 2022
USD ($)
Jan. 28, 2023
USD ($)
Jan. 28, 2023
EUR (€)
Jan. 29, 2022
USD ($)
Apr. 30, 2022
USD ($)
May 03, 2021
EUR (€)
Business Acquisitions                
Number of months until escrow will be release 30 months 30 months            
Fair value of assets acquired:                
Goodwill       $ 336,555,000     $ 334,347,000  
Telerob.                
Business Acquisitions                
Cash consideration $ 45,400,000 € 37,455,000            
Amount held in escrow 3,636,000             € 3,000,000
Amount of indebtedness paid 9,468,000 7,811,000            
Period to obtain target       36 months 36 months      
Fair value of assets acquired:                
Accounts receivable 1,045,000              
Unbilled receivable 829,000              
Inventories, net 15,074,000              
Prepaid and other current assets 314,000              
Property and equipment, net 1,571,000              
Operating lease assets 1,508,000              
Other assets 494,000              
Other intangible assets 102,000              
Goodwill 20,800,000              
Total assets acquired 60,637,000              
Fair value of liabilities assumed:                
Accounts payable 1,136,000              
Wages and related accruals 560,000              
Customer advances 1,243,000              
Current operating lease liabilities 361,000              
Other current liabilities 3,310,000              
Non-current operating lease liabilities 1,147,000              
Other non-current liabilities 224,000              
Deferred income taxes 5,617,000              
Total liabilities assumed 13,598,000              
Total identifiable net assets 47,039,000              
Fair value of consideration transferred:                
Cash consideration, net of cash acquired 46,150,000              
Contingent consideration 889,000              
Total 47,039,000              
Supplemental Pro Forma Information (unaudited)                
Revenue     $ 90,093,000     $ 313,110,000    
Net loss attributable to AeroVironment, Inc.     1,753,000     (6,091,000)    
SG&A | Telerob.                
Business Acquisitions                
Acquisition-related costs     $ 113,000     $ 661,000    
Technology | Telerob.                
Fair value of assets acquired:                
Intangible assets 11,500,000              
Backlog. | Telerob.                
Fair value of assets acquired:                
Intangible assets 2,400,000              
Customer relationships | Telerob.                
Fair value of assets acquired:                
Intangible assets 5,000,000              
Business Combination, Specific Revenue Targets Achieved In First Earnout Year | Telerob.                
Business Acquisitions                
Contingent consideration paid $ 2,424,000 € 2,000,000            
Period to obtain target 12 months 12 months            
Amount of earnout that was not achieved       $ 2,424,000 € 2,000,000      
Business Combination, Specific Revenue Targets Achieved Following FirstEarnout Year | Telerob.                
Business Acquisitions                
Contingent consideration paid $ 2,424,000 € 2,000,000            
Period to obtain target 12 months 12 months            
Business Combination, Specific Awards Or Orders From US Military Are Achieved Prior To 36 Month Post Closing Period [Member] | Telerob.                
Business Acquisitions                
Contingent consideration paid $ 2,424,000 € 2,000,000            
Period to obtain target 36 months 36 months