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Selected Quarterly Data (Unaudited) (Detail) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
May 03, 2020
Feb. 02, 2020
Nov. 03, 2019
Aug. 04, 2019
Apr. 28, 2019
Jan. 27, 2019
Oct. 28, 2018
Jul. 29, 2018
May 03, 2020
Apr. 28, 2019
Apr. 29, 2018
INCOME STATEMENT DATA                      
net sales $ 47,378 $ 68,518 $ 69,550 $ 70,719 $ 67,023 $ 73,127 $ 72,275 $ 68,898 $ 256,166 $ 281,325 $ 323,725
cost of sales (44,333) (56,998) (56,024) (58,307) (55,828) (60,054) (60,666) (58,998) (215,668) (235,556) (259,092)
gross profit from continuing operations 3,045 11,520 13,526 12,412 11,195 13,073 11,609 9,900 40,498 45,769 64,633
selling, general and administrative expenses (7,327) (8,831) (9,117) (9,149) (8,758) (8,677) (8,409) (7,397) (34,424) (33,243) (37,172)
asset impairments (13,712)               (13,712) [1]    
restructuring (credit) expense   35   35   214 1,061 (451) 70 825  
(loss) income from continuing operations (17,994) 2,724 4,409 3,298 2,437 4,610 4,261 2,052 (7,568) 13,351 27,461
interest expense (84)   (21)       (14) (17) (106) (35) (94)
interest income 121 258 258 260 221 259 155 150 897 789 534
other expense (426) (282) (99) (95) (670) (294) (164) (254) (902) (1,383) (1,018)
(loss) income before income taxes from continuing operations (18,383) 2,700 4,547 3,463 1,988 4,575 4,238 1,931 (7,679) 12,722 26,883
income tax (expense) benefit (704) 973 (1,930) (1,692) (3,091) (1,274) (1,270) (906) (3,354) (6,537) (5,740)
Income (loss) from investment in unconsolidated joint venture (65) (56) (16) 13 (5) 23 (55) (77) (125) (114) (266)
net (loss) income from continuing operations (19,152) 3,617 2,601 1,784 (1,108) 3,324 2,913 948 (11,158) 6,071 20,877
(loss) income before income taxes from discontinued operation (8,698) (7,824) (441) (621) (477) (313) 37 17 (17,577) (726)  
income tax benefit (expense) 25   32 11 74 49 (6)   68 113  
net (loss) income from discontinued operation (8,673) (7,824) (409) (610) (403) (264) 31 17 (17,509) (613)  
net (loss) income (27,825) (4,207) 2,192 1,174 (1,511) 3,060 2,944 965 (28,667) 5,458 20,877
depreciation $ 1,946 $ 1,987 $ 1,988 $ 1,905 $ 2,030 $ 2,031 $ 2,041 $ 2,015 $ 7,827 $ 8,117 $ 7,672
weighted average shares outstanding 12,297,000 12,409,000 12,408,000 12,399,000 12,384,000 12,438,000 12,515,000 12,510,000 12,378,000 12,462,000 12,431,000
weighted average shares outstanding , assuming dilution 12,297,000 12,420,000 12,408,000 12,410,000 12,384,000 12,465,000 12,551,000 12,600,000 12,378,000 12,548,000 12,633,000
PER SHARE DATA                      
net (loss) income from continuing operations per share - basic $ (1.56) $ 0.29 $ 0.21 $ 0.14 $ (0.09) $ 0.27 $ 0.23 $ 0.08 $ (0.90) $ 0.49 $ 1.68
net (loss) income from continuing operations per share - diluted (1.56) 0.29 0.21 0.14 (0.09) 0.27 0.23 0.08 (0.90) 0.48 1.65
net (loss) income from discontinued operation per share - basic (0.71) (0.63) (0.03) (0.05) (0.03) (0.02)     (1.41) (0.05)  
net (loss) income from discontinued operation per share - diluted (0.71) (0.63) (0.03) (0.05) (0.03) (0.02)     (1.41) (0.05)  
net (loss) income from per share-basic (2.26) (0.34) 0.18 0.09 (0.12) 0.25 0.24 0.08 (2.32) 0.44 1.68
net (loss) income per share-diluted (2.26) (0.34) 0.18 0.09 (0.12) 0.25 0.24 0.08 $ (2.32) $ 0.43 $ 1.65
book value $ 10.56 $ 12.93 $ 13.01 $ 12.91 $ 12.91 $ 13.16 $ 13.04 $ 12.90      
BALANCE SHEET DATA                      
operating working capital [2] $ 49,389 $ 58,862 $ 48,220 $ 48,662 $ 47,736 $ 50,997 $ 48,776 $ 50,884 $ 49,389 $ 47,736  
property, plant and equipment, net 43,147 44,652 45,221 45,475 46,479 48,144 49,243 51,037 43,147 46,479  
total assets 215,084 212,140 233,522 226,247 220,556 225,738 223,041 227,122 215,084 220,556  
capital expenditures 462 1,431 1,831 909 295 835 590 1,255 4,633 [3] 2,975 [3] $ 7,439 [3]
dividends paid 1,289 1,304 1,241 1,241 1,239 1,240 1,126 1,127 5,075 4,732 $ 6,843
lines of credit and Paycheck Protection Program loan [4] 38,371             4,000 38,371    
shareholders' equity attributable to Culp Inc. 129,698 159,843 161,520 160,146 159,933 162,775 162,918 161,490 129,698 159,933  
capital employed $ 94,526 $ 116,181 $ 107,018 $ 107,832 $ 107,561 $ 112,599 $ 112,403 $ 116,743 $ 94,526 $ 107,561  
RATIOS & OTHER DATA                      
gross profit margin from continuing operations 6.40% 16.80% 19.40% 17.60% 16.70% 17.90% 16.10% 14.40%      
operating income margin from continuing operations (38.00%) 4.00% 6.30% 4.70% 3.60% 6.30% 5.90% 3.00%      
net (loss) income margin from continuing operations (40.40%) 5.30% 3.70% 2.50% (1.70%) 4.50% 4.00% 1.40%      
effective income tax rate associated with continuing operations (3.80%) (36.00%) 42.40% 48.90% 155.50% 27.80% 30.00% 46.90% (43.70%) 51.40% 21.40%
Debt-to-total capital employed ratio [4],[5] 40.60% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.40% 40.60% 0.00%  
operating working capital turnover [2] 5.1 5.4 5.7 5.7 5.7 5.9 6.2 6.6      
days sales in receivables 48 33 30 30 33 30 29 32      
inventory turnover 3.5 4.3 4.5 4.9 4.5 5.1 5.1 4.4      
stock price                      
high $ 12.93 $ 16.92 $ 17.49 $ 21.08 $ 21.06 $ 23.84 $ 27.78 $ 32.05      
low 5.87 12.35 13.09 16.41 17.05 18.06 21.04 23.90      
close $ 6.91 $ 12.63 $ 15.35 $ 17.39 $ 20.74 $ 18.47 $ 22.31 $ 24.75 $ 6.91 $ 20.74  
daily average trading volume (shares) 75.9 41.6 31.4 23.5 35.6 43.3 29.8 27.0      
[1] During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.
[2] Operating working capital includes accounts receivable and inventories, less accounts payable-trade, accounts payable-capital expenditures, and deferred revenue.
[3] Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.
[4] Debt represents outstanding borrowings on our lines of credit and the Paycheck Protection Program loan.
[5] Capital employed does not include cash and cash equivalents, short-term investments-held-to-maturity, short-term investments-available for sale, long-term investments – rabbi trust, long-term investments-held-to-maturity, noncurrent deferred income tax assets and liabilities, current and noncurrent income taxes receivable and payable, lines of credit, Paycheck Protection Program loan, deferred compensation, and financial statement line items associated with our discontinued operation.