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Note 5 - Segment Reporting
 6 Months Ended
Oct. 30, 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

  

Six Months Ended

 
  

October 30,

  

October 31,

  

October 30,

  

October 31,

 
  

2021

  

2020

  

2021

  

2020

 

Net sales:

                

Commercial

 $34,463  $30,356  $67,244  $64,862 

Live Events

  59,396   37,822   111,783   89,296 

High School Park and Recreation

  32,747   27,578   60,641   56,521 

Transportation

  14,053   15,323   26,611   29,821 

International

  23,818   16,288   42,930   30,511 
   164,477   127,367   309,209   271,011 
                 

Gross profit:

                

Commercial

  7,445   8,578   14,623   16,320 

Live Events

  5,585   7,300   14,167   16,654 

High School Park and Recreation

  10,749   8,497   20,258   18,973 

Transportation

  4,404   5,312   8,155   10,455 

International

  4,081   3,627   7,249   6,673 
   32,264   33,314   64,452   69,075 
                 

Operating expenses:

                

Selling

  12,482   12,654   24,277   24,210 

General and administrative

  8,201   7,264   15,772   14,388 

Product design and development

  7,196   6,737   14,358   14,269 
   27,879   26,655   54,407   52,867 

Operating income

  4,385   6,659   10,045   16,208 
                 

Nonoperating income (expense):

                

Interest (expense) income, net

  (59)  (18)  78   (6)

Other (expense) income, net

  (952)  (837)  (1,820)  (1,464)

Income before income taxes

 $3,374  $5,804  $8,303  $14,738 
                 

Depreciation and amortization:

                

Commercial

 $601  $721  $1,303  $1,493 

Live Events

  1,248   1,424   2,585   2,875 

High School Park and Recreation

  340   492   778   988 

Transportation

  127   234   266   471 

International

  752   701   1,478   1,394 

Unallocated corporate depreciation

  669   655   1,379   1,343 
  $3,737  $4,227  $7,789  $8,564 

 

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

  

Six Months Ended

 
  

October 30,

  

October 31,

  

October 30,

  

October 31,

 
  

2021

  

2020

  

2021

  

2020

 

Net sales:

                

United States

 $138,821  $108,453  $262,303  $236,522 

Outside United States

  25,656   18,914   46,906   34,489 
  $164,477  $127,367  $309,209  $271,011 

 

  

October 30,

  

May 1,

 
  

2021

  

2021

 

Property and equipment, net of accumulated depreciation:

        

United States

 $48,609  $50,130 

Outside United States

  7,475   8,552 
  $56,084  $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.