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Goodwill
 6 Months Ended
Oct. 28, 2023
Goodwill.  
Goodwill

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8. Goodwill

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The following table presents the changes in the Company’s goodwill balance by segment (in thousands):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

UMS

​

LMS

​

MW

​

Total

Balance at April 30, 2023

​

$

161,547

​

$

—

​

$

19,254

​

$

180,801

Additions to goodwill

​

​

94,776

​

​

—

​

​

—

​

​

94,776

Change to goodwill

​

​

(796)

​

​

—

​

​

—

​

​

(796)

Balance at October 28, 2023

​

$

255,527

​

$

—

​

$

19,254

​

$

274,781

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Effective May 1, 2023, the reporting segments for goodwill are UMS, LMS and MW. The UMS segment includes goodwill from the acquisitions of Pulse Aerospace, LLC (“Pulse”), Arcturus UAV, Inc. (“Arcturus”), Telerob, Planck and Tomahawk acquisitions. The Tomahawk acquisition is included in the additions to goodwill. Refer to Note 16—Business Acquisitions for further details. The goodwill change to UMS is attributable to the Telerob acquisition recorded in Euros and translated to dollars at each reporting date. The MW segment includes goodwill from the purchase of certain assets of Intelligent Systems Group business segment (“ISG”) of Progeny Systems Corporation. The MUAS reporting unit, included in the UMS reportable segment, is considered at an increased risk of failing future quantitative goodwill impairment tests as an impairment was recorded during the most recent annual goodwill impairment test performed during the fourth quarter ended April 30, 2023. As of October 28, 2023, the company has not identified any events or circumstances that could trigger an impairment review prior to the Company’s annual impairment test. The annual impairment test for the fiscal year ending April 30, 2024 will be performed during the fourth quarter. The intangibles included in the MUAS reporting unit of $15,668,000 as of October 28, 2023 will also be evaluated for potential impairment during the fourth quarter.