SELECTED QUARTERLY DATA (UNAUDITED)

12 Months Ended

Apr. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY DATA (UNAUDITED)

SELECTED QUARTERLY DATA (UNAUDITED)
	fiscal			fiscal			fiscal			fiscal			fiscal			fiscal			fiscal			fiscal
	2017			2017			2017			2017			2016			2016			2016			2016
(amounts in thousands except per share, ratios & other, stock data)	4th quarter			3rd quarter			2nd quarter			1st quarter			4th quarter			3rd quarter			2nd quarter			1st quarter
INCOME STATEMENT DATA
net sales	$	77,350			76,169			75,343			80,682			77,253			78,466			76,956			80,185
cost of sales		60,194			59,410			58,442			62,263			60,640			61,903			61,223			63,983
gross profit		17,156			16,759			16,901			18,419			16,613			16,563			15,733			16,202
selling, general and administrative expenses		9,986			9,824			9,602			9,746			9,261			9,337			9,433			8,741
income from operations		7,170			6,935			7,299			8,673			7,352			7,226			6,300			7,461
interest expense		-			-			-			-			-			-			-			24
interest income		(134	)		(124	)		(15	)		(25	)		(26	)		(38	)		(69	)		(66	)
other expense		305			69			155			152			211			85			225			95
income before income taxes		6,999			6,990			7,159			8,546			7,167			7,179			6,144			7,408
income taxes		778			643			2,684			3,233			3,566			2,317			2,373			2,707
loss from investment in unconsolidated joint venture		23			-			-			-			-			-			-			-
net income	$	6,198			6,347			4,475			5,313			3,601			4,862			3,771			4,701
depreciation	$	1,781			1,793			1,751			1,761			1,783			1,705			1,629			1,555
weighted average shares outstanding		12,340			12,313			12,308			12,286			12,257			12,331			12,343			12,277
weighted average shares outstanding,
assuming dilution		12,567			12,544			12,507			12,463			12,434			12,486			12,484			12,456
PER SHARE DATA
net income per share - basic	$	0.50			0.52			0.36			0.43			0.29			0.39			0.31			0.38
net income per share - diluted		0.49			0.51			0.36			0.43			0.29			0.39			0.30			0.38
dividends per share		0.08			0.08			0.07			0.28			0.07			0.07			0.06			0.46
book value		12.03			11.56			11.04			10.68			10.50			10.21			9.96			9.62
BALANCE SHEET DATA
operating working capital (3)	$	40,869			40,973			41,810			43,486			45,794			49,288			43,303			43,405
property, plant and equipment, net		51,651			50,333			45,537			41,745			39,973			38,157			38,319			37,480
total assets		205,634			191,056			179,127			183,360			175,142			173,551			168,947			166,880
capital expenditures		3,097			6,590			5,541			3,543			3,631			1,542			2,575			2,960
dividends paid		988			985			862			3,445			859			864			741			5,676
long-term debt, current maturities of long-term debt, and line of credit (1)		-			-			-			7,000			-			-			-			2,200
shareholders' equity		148,630			142,314			135,949			131,435			128,812			125,074			122,975			118,725
capital employed (2)		98,429			97,788			94,101			94,599			90,357			90,983			88,297			90,593
RATIOS & OTHER DATA
gross profit margin		22.2	%		22.0	%		22.4	%		22.8	%		21.5	%		21.1	%		20.4	%		20.2	%
operating income margin		9.3			9.1			9.7			10.7			9.5			9.2			8.2			9.3
net income margin		8.0			8.3			5.9			6.6			4.7			6.2			4.9			5.9
effective income tax rate		11.1			9.2			37.5			37.8			49.8			32.3			38.6			36.5
Debt-to-total capital employed ratio (1)		0.0			0.0			0.0			7.4			0.0			0.0			0.0			2.4
operating working capital turnover (3)		7.3			7.0			7.0			7.0			7.0			7.2			7.7			7.7
days sales in receivables		29			27			23			26			28			31			28			29
inventory turnover		5.0			5.2			5.2			5.3			5.3			5.1			5.3			5.6
STOCK DATA
stock price
high	$	34.50			37.80			34.30			30.11			28.53			31.15			35.23			33.64
low		30.25			26.80			26.72			25.57			22.72			22.61			29.13			25.22
close		32.10			33.80			28.15			28.53			26.24			25.32			30.01			30.25
daily average trading volume (shares)		37.7			43.5			45.9			40.9			33.5			68.8			76.2			90.5

(1)	Debt includes long-term debt, current maturities of long-term debt, and line of credit.
(2)	Capital employed does not include cash and cash equivalents, short-term investments, long-term investments (held-to-maturity), long-term investments (rabbi trust), current maturities of long-term debt, line of credit, noncurrent deferred tax assets and liabilities, income taxes receivable and payable, and deferred compensation.
(3)	Operating working capital for this calculation is accounts receivable and inventories, offset by accounts payable-trade and accounts payable - capital expenditures.