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CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 30, 2022
May 01, 2022
Oct. 31, 2021
Current assets:      
Cash and cash equivalents $ 19,137,000 $ 14,550,000 [1] $ 16,956,000
Short-term investments - held-to-maturity     1,564,000
Short-term investments - available for sale     9,709,000
Short-term investments - rabbi trust 2,237,000    
Accounts receivable, net 22,443,000 22,226,000 [1] 32,316,000
Inventories 52,224,000 66,557,000 [1] 63,781,000
Current income taxes receivable 510,000 857,000 [1] 613,000
Other current assets 3,462,000 2,986,000 [1] 3,811,000
Total current assets 100,013,000 107,176,000 [1] 128,750,000
Property, plant and equipment, net 38,832,000 41,702,000 [1] 43,265,000
Right of use assets 11,609,000 15,577,000 [1] 13,649,000
Intangible assets 2,440,000 2,628,000 [1] 2,816,000
Long-term investments - rabbi trust 7,526,000 9,357,000 [1] 9,036,000
Long-term investments - held-to-maturity     8,353,000
Deferred income taxes 493,000 528,000 [1] 452,000
Other assets 717,000 595,000 [1] 3,004,000
Total assets 161,630,000 177,563,000 [1] 209,325,000
Current liabilities:      
Accounts payable - trade 24,298,000 20,099,000 [1] 40,525,000
Accounts payable - capital expenditures 200,000 473,000 [1] 176,000
Operating lease liability - current 2,655,000 3,219,000 [1] 2,878,000
Deferred compensation 2,237,000    
Deferred revenue 1,527,000 520,000 [1] 679,000
Accrued expenses 7,594,000 7,832,000 [1] 11,019,000
Accrued restructuring 33,000    
Income taxes payable - current 969,000 413,000 [1] 646,000
Total current liabilities 39,513,000 32,556,000 [1] 55,923,000
Operating lease liability - noncurrent 4,194,000 7,062,000 [1] 7,914,000
Income taxes payable - long-term 2,629,000 3,097,000 [1] 3,099,000
Deferred income taxes 5,700,000 6,004,000 [1] 4,918,000
Deferred compensation 7,486,000 9,343,000 [1] 9,017,000
Total liabilities 59,522,000 58,062,000 [1] 80,871,000
Commitments and Contingencies -Notes 9, 15, and 16)
Shareholders' equity      
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,293,762 at October 30, 2022; 12,209,710 at October 31, 2021; and 12,228,629 at May 1, 2022 615,000 611,000 [1] 611,000
Capital contributed in excess of par value 43,671,000 43,143,000 [1] 42,719,000
Accumulated earnings 57,843,000 75,715,000 [1] 84,839,000
Accumulated other comprehensive (loss) income (21,000) 32,000 [1] 285,000
Total shareholders' equity 102,108,000 119,501,000 [1] 128,454,000
Total liabilities and shareholders' equity $ 161,630,000 $ 177,563,000 [1] $ 209,325,000
[1] Derived from audited financial statements.