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CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 01, 2021
May 02, 2021
[1]
Aug. 02, 2020
Current assets:      
Cash and cash equivalents $ 26,061,000 $ 37,009,000 $ 39,986,000
Short-term investments - held-to-maturity 1,661,000 3,161,000 5,092,000
Short-term investments - available for sale 9,698,000 5,542,000 983,000
Accounts receivable 35,008,000 37,726,000 29,893,000
Inventories 58,613,000 55,917,000 40,402,000
Current income taxes receivable 524,000   782,000
Other current assets 3,889,000 3,852,000 3,547,000
Total current assets 135,454,000 143,207,000 120,685,000
Property, plant and equipment, net 43,930,000 44,003,000 42,051,000
Intangible assets 2,910,000 3,004,000 3,286,000
Long-term investments - rabbi trust 8,841,000 8,415,000 7,916,000
Long-term investments - held-to-maturity 6,629,000 1,141,000 1,314,000
Right of use assets 11,447,000 11,730,000 6,443,000
Deferred income taxes 455,000 545,000 593,000
Investment in unconsolidated joint venture     1,759,000
Other assets 2,582,000 2,035,000 540,000
Total assets 212,248,000 214,080,000 184,587,000
Current liabilities:      
Accounts payable - trade 45,285,000 42,540,000 25,746,000
Accounts payable - capital expenditures 48,000 348,000 333,000
Operating lease liability - current 2,727,000 2,736,000 2,387,000
Deferred revenue 694,000 540,000 685,000
Accrued expenses 9,950,000 14,839,000 7,852,000
Income taxes payable - current 253,000 229,000 613,000
Total current liabilities 58,957,000 61,232,000 37,616,000
Accrued expenses - long-term     117,000
Operating lease liability - long-term 6,665,000 6,821,000 4,214,000
Income taxes payable - long-term 3,365,000 3,326,000 3,591,000
Deferred income taxes 4,917,000 5,330,000 5,311,000
Deferred compensation 8,795,000 8,365,000 7,869,000
Total liabilities 82,699,000 85,074,000 58,718,000
Commitments and Contingencies (Notes 3, 9, 15, and 16)
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 12,276,286 at August 1, 2021; 12,291,946 at August 2, 2020; and 12,312,822 at May 2, 2021 614,000 616,000 615,000
Capital contributed in excess of par value 43,310,000 43,807,000 42,708,000
Accumulated earnings 85,331,000 84,437,000 82,487,000
Accumulated other comprehensive income 294,000 146,000 59,000
Total shareholders' equity 129,549,000 129,006,000 125,869,000
Total liabilities and shareholders' equity $ 212,248,000 $ 214,080,000 $ 184,587,000
[1] Derived from audited financial statements.