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Segments (Tables)
12 Months Ended
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