Note 7 - Commitments and Contingencies

6 Months Ended

Oct. 29, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

7

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COMMITMENTS AND CONTINGENCIES

As of October 29, 2016, we guaranteed the residual value of certain leased equipment in the amount of $3.6 million. If the proceeds from the sale of such equipment are less than the balance required by the lease when the lease terminates on August 1, 2017, the Company will be required to pay the difference up to such guaranteed amount. The Company expects to have no loss on such guarantee.