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CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - USD ($)
$ 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 [Abstract]                      
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   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)
(loss) income 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
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 - 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
[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.