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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2021
Apr. 30, 2020
Current assets:    
Cash and cash equivalents $ 7,255 $ 3,808
Marketable securities 10,480 10,570
Accounts receivable, net of allowance for doubtful accounts of $183 at January 31, 2021 and April 30, 2020 5,096 4,392
Costs and estimated earnings in excess of billings, net 287 6,953
Inventories, net 20,974 22,958
Prepaid income taxes 457 849
Prepaid expenses and other 1,791 1,705
Total current assets 46,340 51,235
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 9,895 11,267
Goodwill 617 617
Cash surrender value of life insurance 15,475 14,790
Other assets 2,114 2,503
Right-of-Use assets – operating leases 10,094 10,864
Total assets 84,535 91,276
Current liabilities:    
Accounts payable – trade 1,181 1,424
Accrued liabilities 4,020 3,982
Loss provision accrual 101 748
Operating lease liability 1,751 1,869
Current debt   4,965
Total current liabilities 7,053 12,988
Deferred compensation 14,484 14,258
Deferred taxes 8 8
Operating lease liability – non-current 8,656 9,444
Other liabilities 373 342
Total liabilities 30,574 37,040
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, 9,194 shares issued and 9,193 shares outstanding at January 31, 2021; 9,164 shares issued and 9,121 shares outstanding at April 30, 2020 9,194 9,164
Additional paid-in capital 57,192 56,914
Accumulated deficit (12,870) (12,137)
Common stock reacquired and held in treasury - at cost (1 share at January 31, 2021 and 43 shares at April 30, 2020) (6) (195)
Accumulated other comprehensive income 451 490
Total stockholders’ equity 53,961 54,236
Total liabilities and stockholders’ equity $ 84,535 $ 91,276