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Income Taxes (Tables)

12 Months Ended

Apr. 28, 2018

Income Tax Disclosure [Abstract]

Schedule of Pretax Income Domestic and Foreign

The pretax income attributable to domestic and foreign operations was as follows:

	Year Ended
	April 28, 2018				April 29, 2017				April 30, 2016
Domestic	$	9,235			$	16,010			$	3,264
Foreign	3,194				(422		)		(138		)
Income before income taxes	$	12,429			$	15,588			$	3,126

Schedule of Components of Income Tax Expense

Income tax expense consisted of the following:

	Year Ended
	April 28, 2018				April 29, 2017				April 30, 2016
Current:
Federal	$	1,646			$	5,268			$	(467	)
State	868				1,158				123
Foreign	1,205				863				557
Deferred:
Federal	3,693				(1,625		)		463
State	27				(397		)		(89		)
Foreign	(572		)		(21		)		478
	$	6,867			$	5,246			$	1,065

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the provision for income taxes and the amount computed by applying the federal statutory rate to income before income taxes is as follows:

		Year Ended
		April 28, 2018				April 29, 2017				April 30, 2016
Computed income tax expense at federal, state and local jurisdiction statutory rates		$	3,779			$	5,456			$	1,063
Impact of Tax Act		3,819				—				—
Research and development tax credit		(1,598		)		(1,573		)		(2,015		)
State taxes, net of federal benefit		592				539				40
Other, net		559				378				142
Change in valuation allowances		(486		)		388				1,265
Stock compensation		336				497				525
Meals and entertainment		333				299				334
Domestic production activities deduction		(294		)		(542		)		(91		)
Dividends paid to retirement plan		(238		)		(293		)		(323		)
Change in uncertain tax positions		65				97				125
		$	6,867			$	5,246			$	1,065

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax asset were as follows:

	April 28, 2018				April 29, 2017
Deferred tax assets:
Accrued warranty obligations	$	7,282			$	10,469
Vacation accrual	1,567				2,100
Deferred maintenance revenue	392				1,336
Allowance for excess and obsolete inventory	1,376				1,254
Equity compensation	553				848
Allowance for doubtful accounts	531				677
Inventory capitalization	481				354
Accrued compensation and benefits	651				1,232
Unrealized loss on foreign currency exchange	37				226
Net operating loss carry forwards	1,286				1,772
Research and development tax credit carry forwards	334				311
Other	1,042				1,266
	15,532				21,845
Valuation allowance	(1,506		)		(2,061		)
	14,026				19,784
Deferred tax liabilities:
Property and equipment	(4,881		)		(6,762		)
Prepaid expenses	(486		)		(601		)
Intangible assets	(1,302		)		(1,809		)
Other	(41		)		(156		)
	(6,710		)		(9,328		)
	$	7,316			$	10,456

Schedule of Deferred Tax Assets and Liabilities Current and Non Current

The classification of net deferred tax assets in the accompanying consolidated balance sheets is:

	April 28, 2018				April 29, 2017
Non-current assets	$	7,930			$	11,292
Non-current liabilities	(614		)		(836		)
	$	7,316			$	10,456

Reconciliation of Unrecognized Tax Benefits

The summary of changes in the amounts related to unrecognized uncertain tax benefits are:

	April 28, 2018			April 29, 2017
Balance at beginning of year	$	3,113		$	3,016
Gross increases related to prior period tax positions	82			235
Gross decreases related to prior period tax positions	(30		)	—
Gross increases related to current period tax positions	152			—
Lapse of statute of limitations	(139		)	(138		)
Balance at end of year	$	3,178		$	3,113

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the change in unrecognized tax benefits.

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