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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 30, 2023
Apr. 30, 2023
Jul. 31, 2022
Current assets:      
Cash and cash equivalents $ 16,812,000 $ 20,964,000 [1] $ 18,874,000
Short-term investments - rabbi trust 791,000 1,404,000 [1]  
Accounts receivable, net 22,612,000 24,778,000 [1] 24,812,000
Inventories 43,817,000 45,080,000 [1] 63,749,000
Short-term note receivable 252,000 219,000 [1]  
Current income taxes receivable 202,000   798,000
Other current assets 3,578,000 3,071,000 [1] 3,840,000
Total current assets 88,064,000 95,516,000 [1] 112,073,000
Property, plant and equipment, net 34,929,000 36,111,000 [1] 40,490,000
Right of use assets 7,466,000 8,191,000 [1] 14,556,000
Long-term investments - rabbi trust 7,204,000 7,067,000 [1] 9,567,000
Intangible assets 2,158,000 2,252,000 [1] 2,534,000
Long-term note receivable 1,661,000 1,726,000 [1]  
Deferred income taxes 476,000 480,000 [1] 546,000
Other assets 944,000 840,000 [1] 724,000
Total assets 142,902,000 152,183,000 [1] 180,490,000
Current liabilities:      
Accounts payable - trade 26,468,000 29,442,000 [1] 29,097,000
Accounts payable - capital expenditures 257,000 56,000 [1] 346,000
Operating lease liability - current 2,558,000 2,640,000 [1] 3,126,000
Deferred compensation - current 791,000 1,404,000 [1]  
Deferred revenue 1,026,000 1,192,000 [1] 1,368,000
Accrued expenses 6,615,000 8,533,000 [1] 7,158,000
Accrued restructuring costs 10,000    
Income taxes payable - current 526,000 753,000 [1] 587,000
Total current liabilities 38,251,000 44,020,000 [1] 41,682,000
Operating lease liability - noncurrent 2,994,000 3,612,000 [1] 6,160,000
Income taxes payable - long-term 2,710,000 2,675,000 [1] 3,118,000
Deferred income taxes 5,864,000 5,954,000 [1] 6,007,000
Deferred compensation 6,966,000 6,842,000 [1] 9,528,000
Total liabilities 56,785,000 63,103,000 [1] 66,495,000
Commitments and Contingencies (Notes 10, 16, and 17)
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 12,344,030 at July 30, 2023; 12,274,786 at July 31, 2022, and 12,327,414 at April 30, 2023 617,000 616,000 [1] 614,000
Capital contributed in excess of par value 44,571,000 44,250,000 [1] 43,340,000
Accumulated earnings 40,853,000 44,195,000 [1] 70,016,000
Accumulated other comprehensive income 76,000 19,000 [1] 25,000
Total shareholders' equity 86,117,000 89,080,000 [1] 113,995,000
Total liabilities and shareholders' equity $ 142,902,000 $ 152,183,000 [1] $ 180,490,000
[1] Derived from audited consolidated financial statements.