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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2021
Apr. 30, 2020
Current assets:    
Cash and cash equivalents $ 9,807 $ 3,808
Marketable securities 10,313 10,570
Accounts receivable, net of allowance for doubtful accounts of $111 at April 30, 2021 and $183 at April 30, 2020 5,515 4,392
Costs and estimated earnings in excess of billings, net 1,948 6,953
Inventories, net 19,661 22,958
Prepaid income taxes 444 849
Prepaid expenses and other 991 1,705
Total current assets 48,679 51,235
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 9,612 11,267
Goodwill 617 617
Cash surrender value of life insurance 15,396 14,790
Other assets 1,939 2,503
Right-of-Use assets – operating leases 9,773 10,864
Total assets 86,016 91,276
Current liabilities:    
Accounts payable – trade 1,080 1,424
Accrued liabilities 5,245 4,686
Loss provision accrual 57 748
Operating lease liability, current portion 1,715 1,869
Current debt   4,965
Total current liabilities 8,097 13,692
Deferred compensation 14,017 13,554
Deferred taxes 8 8
Operating lease liability – non-current 8,366 9,444
Other liabilities 119 342
Total liabilities 30,607 37,040
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued
Common stock - $1.00 par value; authorized 20,000 shares, 9,226 shares issued and 9,225 shares outstanding at April 30, 2021; 9,164 shares issued and 9,121 shares outstanding at April 30, 2020 9,226 9,164
Additional paid-in capital 57,355 56,914
Accumulated deficit (11,457) (12,137)
Common stock reacquired and held in treasury - at cost (1 share at April 30, 2021 and 43 shares at April 30, 2020) (6) (195)
Accumulated other comprehensive income 291 490
Total stockholders’ equity 55,409 54,236
Total liabilities and stockholders’ equity $ 86,016 $ 91,276