XML 18 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2020
Apr. 30, 2019
Current assets:    
Cash and cash equivalents $ 3,808 $ 3,683
Marketable securities 10,570 8,199
Accounts receivable, net of allowance for doubtful accounts of $183 in 2020 and $183 in 2019 4,392 6,362
Costs and estimated earnings in excess of billings, net 6,953 6,670
Inventories, net 22,958 23,356
Prepaid income taxes 849 499
Prepaid expenses and other 1,705 2,583
Current assets held for sale 0 1,347
Total current assets 51,235 52,699
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 11,267 13,038
Goodwill 617 617
Cash surrender value of life insurance 14,790 14,292
Other assets 2,503 5,923
Right-of-Use assets – operating leases 10,864 0
Non-current assets held for sale 202
Total assets 91,276 86,771
Current liabilities:    
Accounts payable - trade 1,424 1,188
Accrued liabilities 3,982 3,571
Loss Provision accrual 748 0
Operating lease liability 1,869 0
PPP loan 4,965 0
Current liabilities held for sale 0 1,078
Total current liabilities 12,988 5,837
Deferred compensation 14,258 14,216
Deferred taxes 8 0
Operating lease liability – non-current 9,444 0
Deferred rent and other liabilities 342 1,376
Non-current liabilities held for sale 0 2,253
Total liabilities 37,040 23,682
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $1.00 par value; authorized 600 shares, no shares issued
Common stock, $1.00 par value; authorized 20,000 shares, 9,164 shares issued and 9,121 outstanding in 2020; 8,980 outstanding in 2019 9,164 9,164
Additional paid-in capital 56,914 56,831
Accumulated deficit (12,137) (2,111)
53,941 63,884
Common stock reacquired and held in treasury - at cost (43 shares in 2020 and 184 shares in 2019) (195) (841)
Accumulated other comprehensive income 490 46
Total stockholders’ equity 54,236 63,089
Total liabilities and stockholders’ equity $ 91,276 $ 86,771