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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 31, 2022
May 01, 2022
[1]
Aug. 01, 2021
Current assets:      
Cash and cash equivalents $ 18,874,000 $ 14,550,000 $ 26,061,000
Short-term investments - held-to-maturity     1,661,000
Short-term investments - available for sale     9,698,000
Accounts receivable, net 24,812,000 22,226,000 35,008,000
Inventories 63,749,000 66,557,000 58,613,000
Current income taxes receivable 798,000 857,000 524,000
Other current assets 3,840,000 2,986,000 3,889,000
Total current assets 112,073,000 107,176,000 135,454,000
Property, plant and equipment, net 40,490,000 41,702,000 43,930,000
Right of use assets 14,556,000 15,577,000 11,447,000
Long-term investments - rabbi trust 9,567,000 9,357,000 8,841,000
Long-term investments - held-to-maturity     6,629,000
Intangible assets 2,534,000 2,628,000 2,910,000
Deferred income taxes 546,000 528,000 455,000
Other assets 724,000 595,000 2,582,000
Total assets 180,490,000 177,563,000 212,248,000
Current liabilities:      
Accounts payable - trade 29,097,000 20,099,000 45,285,000
Accounts payable - capital expenditures 346,000 473,000 48,000
Operating lease liability - current 3,126,000 3,219,000 2,727,000
Deferred revenue 1,368,000 520,000 694,000
Accrued expenses 7,158,000 7,832,000 9,950,000
Income taxes payable - current 587,000 413,000 253,000
Total current liabilities 41,682,000 32,556,000 58,957,000
Operating lease liability - long-term 6,160,000 7,062,000 6,665,000
Income taxes payable - long-term 3,118,000 3,097,000 3,365,000
Deferred income taxes 6,007,000 6,004,000 4,917,000
Deferred compensation 9,528,000 9,343,000 8,795,000
Total liabilities 66,495,000 58,062,000 82,699,000
Commitments and Contingencies (Notes 8, 14, and 15)
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 12,274,786 at July 31, 2022; 12,276,286 at August 1, 2021; and 12,228,629 at May 1, 2022 614,000 611,000 614,000
Capital contributed in excess of par value 43,340,000 43,143,000 43,310,000
Accumulated earnings 70,016,000 75,715,000 85,331,000
Accumulated other comprehensive income 25,000 32,000 294,000
Total shareholders' equity 113,995,000 119,501,000 129,549,000
Total liabilities and shareholders' equity $ 180,490,000 $ 177,563,000 $ 212,248,000
[1] Derived from audited financial statements.