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Business Acquisitions (Tables) | 3 Months Ended
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Aug. 02, 2025
Business Acquisitions |
Schedule of purchase consideration | ​
​ | ​ | ​
(in thousands) | ​ | Amount
Merger consideration transferred | $ | 2,640,365
Settlement of BlueHalo’s transaction expenses | ​ | 25,214
Settlement of BlueHalo’s debt | ​ | 863,207
Merger consideration | $ | 3,528,786
Less cash acquired | ​ | (43,841)
Fair value of consideration transferred | $ | 3,484,945
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 preliminary allocation of the fair value of the merger consideration transferred to assets acquired and liabilities assumed as of the acquisition date. The allocation of the purchase price is preliminary and subject to change as the Company continues to evaluate the fair values of certain assets and liabilities acquired. Open items in the purchase price allocation include the valuation of assets acquired and liabilities assumed including, but not limited to technology, backlog and customer relationships intangibles and fair value adjustment to inventory; property, plant and equipment; leases; details surrounding tax matters; and assumptions underlying certain existing or potential reserves, such as those for inventory and legal matters (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | May 1,
​ | ​ | 2025
Fair value of assets acquired: | ​ | ​ | ​
Accounts receivable, net of allowance for credit losses of $420 at May 1, 2025 |  | $ | 80,753
Unbilled receivables and retentions | ​ | ​ | 99,333
Inventories, net | ​ | ​ | 99,642
Income taxes receivable | ​ | ​ | 3,941
Prepaid expenses and other current assets | ​ | ​ | 13,553
Long-term investments | ​ | ​ | 152
Property and equipment | ​ | ​ | 88,295
Operating lease right-of-use assets | ​ | ​ | 70,879
Intangibles | ​ | ​ | 1,128,000
Goodwill | ​ | ​ | 2,282,779
Other assets | ​ | ​ | 1,086
Total identifiable assets | ​ | $ | 3,868,413
​ | ​ | ​ | ​
Fair value of liabilities assumed: | ​ | ​ | ​
Accounts payable | ​ | ​ | 54,108
Wages and related accruals | ​ | ​ | 40,736
Customer advances | ​ | ​ | 42,700
Current operating lease liabilities | ​ | ​ | 7,409
Other current liabilities | ​ | ​ | 11,333
Non-current operating lease liabilities | ​ | ​ | 64,720
Deferred income taxes | ​ | ​ | 162,462
Total liabilities assumed | ​ | ​ | 383,468
Total identifiable net assets | ​ | $ | 3,484,945
Schedule of acquired finite lived intangible assets | The following table summarizes the valuation of the fair value of intangible assets acquired (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Preliminary Fair Value | Estimated Useful Life
​ | ​ | ​ | Years
Preliminary fair value of intangible assets acquired: | ​ | ​ | ​
Backlog | $ | 62,000 | 1
Customer relationships | ​ | 670,000 | 5-7
Developed technology | ​ | 396,000 | 4-10
Intangible assets acquired | $ | 1,128,000 | ​
Schedule of proforma information | The pro forma results are not necessarily indicative of the Company's results of operations that would have been obtained had the acquisition of BlueHalo been completed for the period presented, or which may be realized in the future (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended
​ | ​ | ​ | August 2, | ​ | ​ | July 27,
​ | ​ | ​ | 2025 | ​ | ​ | 2024
Revenue | ​ | $ | 454,675 | ​ | $ | 378,924
Net loss attributable to AeroVironment, Inc. | ​ | $ | (36,110) | ​ | $ | (88,402)

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-1 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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