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Note 5 - Segment Reporting

3 Months Ended

Jul. 31, 2021

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 5. Segment Reporting

The following table sets forth certain financial information for each of our five reporting segments for the periods indicated:

		Three Months Ended
		July 31,				August 1,
		2021				2020
Net sales:
Commercial		$	32,781			$	34,506
Live Events			52,387				51,474
High School Park and Recreation			27,894				28,943
Transportation			12,558				14,498
International			19,112				14,223
Total company net sales			144,732				143,644
Gross profit:
Commercial			7,178				7,742
Live Events			8,582				9,354
High School Park and Recreation			9,509				10,476
Transportation			3,751				5,143
International			3,168				3,046
			32,188				35,761
Operating expenses:
Selling			11,795				11,556
General and administrative			7,571				7,124
Product design and development			7,162				7,532
			26,528				26,212
Operating income			5,660				9,549
Nonoperating income (expense):
Interest income			153				85
Interest expense			(16	)			(73	)
Other (expense) income, net			(868	)			(627	)
Income before income taxes		$	4,929			$	8,934
Depreciation and amortization:
Commercial		$	702			$	772
Live Events			1,337				1,451
High School Park and Recreation			438				496
Transportation			139				237
International			726				693
Unallocated corporate depreciation			710				688
		$	4,052			$	4,337

No single geographic area comprises a material amount of our net sales or property and equipment, net of accumulated depreciation, other than the United States. The following table presents information about net sales and property and equipment, net of accumulated depreciation, in the United States and elsewhere:

		Three Months Ended
		July 31,				August 1,
		2021				2020
Net sales:
United States		$	123,482			$	128,069
Outside United States			21,250				15,575
		$	144,732			$	143,644

		July 31,				May 1,
		2021				2021
Property and equipment, net of accumulated depreciation:
United States		$	48,450			$	50,130
Outside United States			7,758				8,552
		$	56,208			$	58,682

We have numerous customers worldwide for sales of our products and services, and no customer accounted for 10 percent or more of net sales; therefore, we are not economically dependent on a limited number of customers for the sale of our products and services.

We have numerous raw material and component suppliers, and no supplier accounts for 10 percent or more of our cost of sales; however, we have a number of single-source suppliers that could limit our supply or cause delays in obtaining raw material and components needed in manufacturing.

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No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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