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Intangible Assets (Tables)
12 Months Ended
Apr. 28, 2024
Summary of Intangible Assets

A summary of intangible assets follows:

 

(dollars in thousands)

 

April 28,
2024

 

 

April 30,
2023

 

 

Tradename

 

$

540

 

 

$

540

 

 

Customer relationships, net

 

 

1,035

 

 

 

1,335

 

 

Non-compete agreement, net

 

 

301

 

 

 

377

 

 

 

 

$

1,876

 

 

$

2,252

 

 

 

 

Customer Relationships [Member]  
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our customer relationships follows:

 

(dollars in thousands)

 

2024

 

 

2023

 

 

2022

 

beginning balance

 

$

1,335

 

 

$

1,636

 

 

$

1,937

 

amortization expense

 

 

(300

)

 

 

(301

)

 

 

(301

)

ending balance

 

 

1,035

 

 

 

1,335

 

 

 

1,636

 

 

Non-Compete Agreement [Member]  
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our non-compete agreement follows:

 

(dollars in thousands)

 

2024

 

 

2023

 

 

2022

 

beginning balance

 

$

377

 

 

$

452

 

 

$

527

 

amortization expense

 

 

(76

)

 

 

(75

)

 

 

(75

)

ending balance

 

$

301

 

 

$

377

 

 

$

452