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Note 12 - Income Taxes (Tables) | 12 Months Ended
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May 01, 2021
Notes Tables |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|  | Year Ended |
|  | May 1, 2021 |  |  | May 2, 2020 |  |  | April 27, 2019 |
Domestic |  | $ | 10,413 |  |  | $ | (4,187 | ) |  | $ | (8,402 | )
Foreign |  |  | 3,647 |  |  |  | 4,178 |  |  |  | 3,458 |
Income (loss) before income taxes |  | $ | 14,060 |  |  | $ | (9 | ) |  | $ | (4,944 | )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | Year Ended |
|  | May 1, 2021 |  |  | May 2, 2020 |  |  | April 27, 2019 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 507 |  |  | $ | 625 |  |  | $ | (2,142 | )
State |  |  | 422 |  |  |  | 297 |  |  |  | 384 |
Foreign |  |  | 891 |  |  |  | 761 |  |  |  | 1,151 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 1,216 |  |  |  | (2,028 | ) |  |  | (2,725 | )
State |  |  | 59 |  |  |  | (321 | ) |  |  | (390 | )
Foreign |  |  | 39 |  |  |  | 166 |  |  |  | (264 | )
|  | $ | 3,134 |  |  | $ | (500 | ) |  | $ | (3,986 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | Year Ended |
|  | May 1, 2021 |  |  | May 2, 2020 |  |  | April 27, 2019 |
Computed income tax expense (benefit) at federal statutory rates |  | $ | 2,953 |  |  | $ | (2 | ) |  | $ | (1,038 | )
Change in uncertain tax positions |  |  | (34 | ) |  |  | 4 |  |  |  | (2,600 | )
Research and development tax credit |  |  | (1,047 | ) |  |  | (1,621 | ) |  |  | (1,278 | )
Other, net |  |  | 403 |  |  |  | (241 | ) |  |  | 587 |
Change in valuation allowances |  |  | 402 |  |  |  | 482 |  |  |  | (471 | )
GILTI |  |  | (156 | ) |  |  | 149 |  |  |  | 391 |
Base Erosion Anti-Abuse Tax (BEAT) |  |  | (285 | ) |  |  | 301 |  |  |  | — |
Stock compensation |  |  | 355 |  |  |  | 318 |  |  |  | 308 |
Meals and entertainment |  |  | 49 |  |  |  | 305 |  |  |  | 248 |
Dividends paid to retirement plan |  |  | — |  |  |  | (111 | ) |  |  | (158 | )
State taxes, net of federal benefit |  |  | 494 |  |  |  | (84 | ) |  |  | 25 |
|  | $ | 3,134 |  |  | $ | (500 | ) |  | $ | (3,986 | )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | May 1, 2021 |  |  | May 2, 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued warranty obligations |  | $ | 6,293 |  |  | $ | 6,202 |
Vacation accrual |  |  | 1,222 |  |  |  | 1,753 |
Deferred maintenance revenue |  |  | 398 |  |  |  | 987 |
Allowance for excess and obsolete inventory |  |  | 1,776 |  |  |  | 1,318 |
Legal reserve |  |  | — |  |  |  | 503 |
Equity compensation |  |  | 324 |  |  |  | 396 |
Allowance for doubtful accounts |  |  | 829 |  |  |  | 546 |
Inventory capitalization |  |  | 583 |  |  |  | 822 |
Accrued compensation and benefits |  |  | 1,707 |  |  |  | 539 |
Unrealized loss on foreign currency exchange |  |  | 85 |  |  |  | — |
Net operating loss carry forwards |  |  | 856 |  |  |  | 919 |
Research and development tax credit carry forwards |  |  | 516 |  |  |  | 1,975 |
Lease accounting - lease liability |  |  | 1,572 |  |  |  | 2,099 |
Other |  |  | 1,513 |  |  |  | 1,035 |
Total deferred tax assets |  |  | 17,674 |  |  |  | 19,094 |
Valuation allowance |  |  | (1,732 | ) |  |  | (1,189 | )
Net deferred tax assets |  |  | 15,942 |  |  |  | 17,905 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  |  | (2,373 | ) |  |  | (2,141 | )
Lease accounting - right of use asset |  |  | (1,580 | ) |  |  | (2,103 | )
Prepaid expenses |  |  | (337 | ) |  |  | (440 | )
Intangible assets |  |  | (69 | ) |  |  | (317 | )
Unrealized gain on foreign currency exchange |  |  | — |  |  |  | (17 | )
Other |  |  | (49 | ) |  |  | (68 | )
Total deferred tax liabilities |  |  | (4,408 | ) |  |  | (5,086 | )
Net deferred tax asset |  | $ | 11,534 |  |  | $ | 12,819 |
|  | May 1, 2021 |  |  | May 2, 2020 |
Non-current assets |  | $ | 11,944 |  |  | $ | 13,271 |
Non-current liabilities |  |  | (410 | ) |  |  | (452 | )
|  | $ | 11,534 |  |  | $ | 12,819 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | May 1, 2021 |  |  | May 2, 2020 |
Balance at beginning of year |  | $ | 582 |  |  | $ | 578 |
Gross increases related to prior period tax positions |  |  | 21 |  |  |  | 17 |
Gross decreases related to prior period tax positions |  |  | (1 | ) |  |  | (2 | )
Gross increases related to current period tax positions |  |  | 84 |  |  |  | 148 |
Lapse of statute of limitations |  |  | (138 | ) |  |  | (159 | )
Balance at end of year |  | $ | 548 |  |  | $ | 582 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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