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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Aug. 01, 2021
Aug. 02, 2020
Cash flows from operating activities:    
Net income (loss) $ 2,250,000 $ (2,733,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 1,726,000 1,822,000
Amortization 121,000 118,000
Stock-based compensation 274,000 126,000
Deferred income taxes (323,000) 3,693,000
Income from investment in unconsolidated joint venture   (67,000)
Foreign currency exchange loss 3,000 154,000
Changes in assets and liabilities:    
Accounts receivable 2,715,000 (4,757,000)
Inventories (2,676,000) 7,592,000
Other current assets (39,000) (1,254,000)
Other assets (556,000) (24,000)
Accounts payable – trade 2,723,000 2,544,000
Deferred revenue 154,000 183,000
Accrued expenses and deferred compensation (4,336,000) 2,377,000
Income taxes (465,000) 807,000
Net cash provided by operating activities 1,571,000 10,581,000
Cash flows from investing activities:    
Capital expenditures (1,953,000) (500,000)
Investment in unconsolidated joint venture   (90,000)
Proceeds from the maturity of short-term investments (Held to Maturity) 1,967,000 350,000
Purchase of short-term and long-term investments (Held to Maturity) (5,973,000) (423,000)
Purchase of short-term investments (Available for Sale) (4,031,000) (34,000)
Proceeds from the sale of long-term investments (rabbi trust)   39,000
Purchase of long-term investments (rabbi trust) (403,000) (78,000)
Net cash used in investing activities (10,393,000) (736,000)
Cash flows from financing activities:    
Payments associated with lines of credit   (30,772,000)
Payment associated with Paycheck Protection Program Loan   (7,606,000)
Dividends paid (1,356,000) (1,291,000)
Common stock repurchased (723,000)  
Common stock surrendered for withholding taxes payable (50,000)  
Payments of debt issuance costs   (15,000)
Net cash used in financing activities (2,129,000) (39,684,000)
Effect of exchange rate changes on cash and cash equivalents 3,000 35,000
Decrease in cash and cash equivalents (10,948,000) (29,804,000)
Cash and cash equivalents at beginning of period 37,009,000 69,790,000
Cash and cash equivalents at end of period $ 26,061,000 $ 39,986,000