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v3.24.3

Debt - (Details) | Feb. 04, 2022 USD ($) | Feb. 19, 2021 USD ($) payment | Oct. 26, 2024 USD ($) | Apr. 30, 2024 USD ($) | Jun. 06, 2023 USD ($) | Jun. 05, 2023 USD ($)
--- | --- | --- | --- | --- | --- | ---
Debt |  |  |  |  |  |
Aggregate amount |  |  | $ 15,000,000 | $ 28,000,000 |  |
Arcturus UAV Inc. | Aerovironment |  |  |  |  |  |
Debt |  |  |  |  |  |
Ownership interest |  | 100.00% |  |  |  |
Amount of loan |  | $ 100,000,000 |  |  |  |
Period One Through Four | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of annual required payment expressed as a percent of the outstanding obligation |  | 5.00% |  |  |  |
Period Five | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of annual required payment expressed as a percent of the outstanding obligation |  | 80.00% |  |  |  |
Maximum | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Percentage of outstanding equity interests in foreign subsidiaries |  | 65.00% |  |  |  |
Revolving credit facility |  |  |  |  |  |
Debt |  |  |  |  |  |
Aggregate amount |  |  | 15,000,000 |  |  |
Revolving credit facility | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Term of loan |  | 5 years |  |  |  |
First Amendment to Credit Agreement |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of sublimit of line of credit borrowing capacity |  |  |  |  | $ 25,000,000 | $ 10,000,000
First Amendment to Credit Agreement | Minimum | Fiscal quarter ended January 29, 2022 and April, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 0.01% |  |  |  |  |
First Amendment to Credit Agreement | Minimum | Fiscal quarters ending during the period from May 1, 2022 to October 31, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 0.01% |  |  |  |  |
First Amendment to Credit Agreement | Minimum | Fiscal quarter ending thereafter which is after October 31, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 0.01% |  |  |  |  |
First Amendment to Credit Agreement | Maximum | Fiscal quarter ended January 29, 2022 and April, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 4.00% |  |  |  |  |
First Amendment to Credit Agreement | Maximum | Fiscal quarters ending during the period from May 1, 2022 to October 31, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 3.50% |  |  |  |  |
First Amendment to Credit Agreement | Maximum | Fiscal quarter ending thereafter which is after October 31, 2022 |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 3.00% |  |  |  |  |
First Amendment to Credit Agreement | Base Rate |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 0.50% |  |  |  |  |
Additional interest rate if default occurs (as a percentage) | 2.00% |  |  |  |  |
First Amendment to Credit Agreement | Base Rate | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 0.50% |  |  |  |  |
First Amendment to Credit Agreement | Base Rate | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 1.50% |  |  |  |  |
First Amendment to Credit Agreement | SOFR |  |  |  |  |  |
Debt |  |  |  |  |  |
SOFR adjustment | 0.10% |  |  |  |  |
First Amendment to Credit Agreement | SOFR | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 1.50% |  |  |  |  |
First Amendment to Credit Agreement | SOFR | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 2.50% |  |  |  |  |
First Amendment to Credit Agreement | Term SOFR |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 0.00% |  |  |  |  |
First Amendment to Credit Agreement | One Month SOFR |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 1.00% |  |  |  |  |
First Amendment to Credit Agreement | Consolidated Fixed Charge Coverage Ratio | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Commitment fees (as a percentage) | 0.20% |  |  |  |  |
First Amendment to Credit Agreement | Consolidated Fixed Charge Coverage Ratio | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Commitment fees (as a percentage) | 0.35% |  |  |  |  |
Third Amendment to Credit Agreement |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of loan | $ 15,000,000 |  | 175,208,000 |  |  |
Aggregate amount | 200,000,000 |  |  |  |  |
Amount of sublimit | $ 25,000,000 |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Leverage Ratio | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 1.00% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Leverage Ratio | Minimum | Period One Through Four |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 1.00% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Leverage Ratio | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 4.00% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Leverage Ratio | Maximum | Period One Through Four |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 4.50% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Fixed Charge Coverage Ratio | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 1.00% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Fixed Charge Coverage Ratio | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Interest rate | 1.25% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Senior Secured Leverage Ratio | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 1.00% |  |  |  |  |
Third Amendment to Credit Agreement | Consolidated Senior Secured Leverage Ratio | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 3.00% |  |  |  |  |
Third Amendment to Credit Agreement | Leverage Increase Period | Minimum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 1.00% |  |  |  |  |
Third Amendment to Credit Agreement | Leverage Increase Period | Maximum |  |  |  |  |  |
Debt |  |  |  |  |  |
Consolidated leverage ratio | 3.50% |  |  |  |  |
Standby Letters of Credit |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of loan |  |  | $ 9,792,000 |  |  |
Standby Letters of Credit | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of sublimit |  | $ 25,000,000 |  |  |  |
Swingline Loan [Member] |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of sublimit | $ 10,000,000 |  |  |  |  |
Term loans |  |  |  |  |  |
Debt |  |  |  |  |  |
Aggregate amount |  |  |  | $ 28,000,000 |  |
Term loans | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Amount of loan |  | $ 200,000,000 |  |  |  |
Term of amortization |  | 5 years |  |  |  |
Term loans | Period Five | Arcturus UAV Inc. |  |  |  |  |  |
Debt |  |  |  |  |  |
Number of quarterly payments | payment |  | 3 |  |  |  |
Amount of quarterly required payment expressed as a percentage of outstanding obligation |  | 1.25% |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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