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Business Acquisitions (Tables)

12 Months Ended

Apr. 30, 2024

Planck Aerosystems, Inc. ("Planck")

Summary of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

​

​	​	​	​
​	​	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

Summary of unaudited pro forma summary presents condensed consolidated information of the Company as if the business combination had occurred

​

​	​	​	​	​	​	​
​	​	Year Ended
​	​	April 30,		​	April 30,
​	​	2023		​	2022
Revenue	​	$	544,961	​	$	448,367
Net loss attributable to AeroVironment, Inc.	​	$	(173,277)	​	$	(5,798)

Tomahawk Robotics, Inc

Summary 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 Tomahawk. 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):

​

​	​	​	​
​	​	September 15,
​	​	2023
Fair value of assets acquired:	​	​	​
Accounts receivable		$	2,314
Unbilled receivable	​	​	993
Inventories, net	​	​	2,882
Prepaid and other current assets	​	​	148
Property and equipment, net	​	​	1,789
Operating lease assets	​	​	1,337
Other assets	​	​	71
Technology	​	​	39,000
Customer relationship	​	​	4,800
Trademarks	​	​	1,600
Deferred tax asset	​	​	2,865
Goodwill	​	​	95,414
Total identifiable net assets	​	$	153,213
​	​	​	​
Fair value of liabilities assumed:	​	​	​
Accounts payable	​	​	3,788
Wages and related accruals	​	​	620
Customer advances	​	​	1,648
Current operating lease liabilities	​	​	482
Other current liabilities	​	​	411
Non-current operating lease liabilities	​	​	855
Other non-current liabilities	​	​	7
Deferred income taxes	​	​	11,035
Total liabilities assumed	​	​	18,846
Total identifiable net assets	​	$	134,367
​	​	​	​
Fair value of consideration transferred:	​	​	​
Equity consideration	​	$	109,820
Cash consideration, net of cash acquired	​	​	24,157
Holdback	​	​	390
Total consideration	​	$	134,367

Summary of unaudited pro forma summary presents condensed consolidated information of the Company as if the business combination had occurred

​

​	​	​	​	​	​	​	​
​	​	Year Ended					​
​	​	April 30,		​	April 30,		​
​	​	2024		​	2023		​
Revenue	​	$	727,241	​	$	551,845	​
Net income (loss) attributable to AeroVironment, Inc.	​	$	57,273	​	$	(190,658)	​

Telerob.

Summary of the provisional allocation of the purchase price over the estimated fair value of the assets and liabilities assumed in the acquisition

The Company accounted for the acquisition under the acquisition method of accounting for business combinations. 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

Summary of unaudited pro forma summary presents condensed consolidated information of the Company as if the business combination had occurred

​

​	​	​	​	​	​	​
​	​	Year Ended
​	​	April 30,		​	April 30,
​	​	2022			2021
Revenue	​	$	445,732	​	$	428,353
Net income attributable to AeroVironment, Inc.	​	$	2,334	​	$	17,345

X

- 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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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

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-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479907/805-20-50-1

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