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v3.24.1.1.u2

Segments (Tables) | 12 Months Ended
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Apr. 30, 2024
Segments |
Schedule of segment results | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30, 2024
​ |  | UxS |  | LMS |  | MW |  | Total
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product sales | ​ | $ | 415,074 | ​ | $ | 168,863 | ​ | $ | 1,834 | ​ | $ | 585,771
Contract services | ​ | ​ | 32,932 | ​ | ​ | 23,724 | ​ | ​ | 74,293 | ​ | ​ | 130,949
​ | ​ | $ | 448,006 | ​ | $ | 192,587 | ​ | $ | 76,127 | ​ | $ | 716,720
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted income (loss) from operations | ​ | $ | 93,122 | ​ | $ | 24,062 | ​ | $ | (24,706) | ​ | $ | 92,478
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 27,595 | ​ | $ | 2,808 | ​ | $ | 5,346 | ​ | $ | 35,749
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30, 2023
​ |  | UxS |  | LMS |  | MW |  | Total
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Product sales | ​ | $ | 268,021 | ​ | $ | 84,686 | ​ | $ | 355 | ​ | $ | 353,062
Contract services | ​ | ​ | 75,889 | ​ | ​ | 35,938 | ​ | ​ | 75,647 | ​ | ​ | 187,474
​ | ​ | $ | 343,910 | ​ | $ | 120,624 | ​ | $ | 76,002 | ​ | $ | 540,536
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted income from operations | ​ | $ | 30,568 | ​ | $ | 8,074 | ​ | $ | 3,664 | ​ | $ | 42,306
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 249,925 | ​ | $ | 2,788 | ​ | $ | 3,303 | ​ | $ | 256,016
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30, 2022
​ |  | UxS |  | LMS |  | MW |  | Total
Product sales | ​ | $ | 194,517 | ​ | $ | 46,162 | ​ | $ | 4 | ​ | $ | 240,683
Contract services | ​ | ​ | 106,226 | ​ | ​ | 30,253 | ​ | ​ | 68,570 | ​ | ​ | 205,049
Revenue | ​ | $ | 300,743 | ​ | $ | 76,415 | ​ | $ | 68,574 | ​ | $ | 445,732
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment adjusted income (loss) from operations | ​ | $ | 28,703 | ​ | $ | (2,823) | ​ | $ | 5,794 | ​ | $ | 31,674
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | $ | 54,324 | ​ | $ | 2,694 | ​ | $ | 3,807 | ​ | $ | 60,825
Schedule of reconciliation from segment adjusted income from operations to income (loss) before taxes | The following table (in thousands) provides a reconciliation from segment adjusted income from operations to income (loss) before taxes: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended April 30,
​ | ​ | 2024 |  | 2023 |  | 2022
Segment adjusted income from operations | ​ | $ | 92,478 | ​ | $ | 42,306 | ​ | $ | 31,674
Impairment of goodwill and accelerated amortization | ​ | ​ | — | ​ | ​ | (190,166) | ​ | ​ | —
Amortization of acquired intangible assets and other purchase accounting adjustments | ​ | ​ | (18,558) | ​ | ​ | (29,418) | ​ | ​ | (36,707)
Acquisition-related expenses | ​ | ​ | (2,096) | ​ | ​ | (1,385) | ​ | ​ | (4,854)
Interest expense, net | ​ | ​ | (4,220) | ​ | ​ | (9,368) | ​ | ​ | (5,440)
Other expense, net | ​ | ​ | (4,373) | ​ | ​ | (346) | ​ | ​ | (10,313)
Sale of ownership in HAPSMobile Inc. joint venture | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,497
Income (loss) before income taxes | ​ | $ | 63,231 | ​ | $ | (188,377) | ​ | $ | (19,143)
​
Schedule of identifiable assets by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30, 2024
​ |  | UxS |  | LMS |  | MW |  | Corporate | ​ | Total
Identifiable assets | ​ | $ | 590,619 | ​ | $ | 165,413 | ​ | $ | 50,767 | ​ | $ | 209,061 | ​ | $ | 1,015,860
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | April 30, 2023
​ |  | UxS |  | LMS |  | MW |  | Corporate | ​ | Total
Identifiable assets | ​ | $ | 474,417 | ​ | $ | 103,375 | ​ | $ | 39,650 | ​ | $ | 207,135 | ​ | $ | 824,577

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