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Note 5 - Segment Reporting
 9 Months Ended
Jan. 29, 2022
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

  

Nine Months Ended

 
  

January 29,

  

January 30,

  

January 29,

  

January 30,

 
  

2022

  

2021

  

2022

  

2021

 

Net sales:

                

Commercial

 $40,095  $30,085  $107,339  $94,947 

Live Events

  39,057   23,330   150,840   112,626 

High School Park and Recreation

  23,721   14,644   84,362   71,165 

Transportation

  15,823   11,769   42,434   41,590 

International

  20,862   14,311   63,792   44,822 
   139,558   94,139   448,767   365,150 
                 

Gross profit:

                

Commercial

  8,239   8,410   22,862   24,730 

Live Events

  3,094   4,256   17,261   20,910 

High School Park and Recreation

  6,958   6,437   27,216   25,410 

Transportation

  4,108   3,845   12,263   14,300 

International

  (91)  993   7,158   7,666 
   22,308   23,941   86,760   93,016 
                 

Operating expenses:

                

Selling

  12,735   12,004   37,012   36,214 

General and administrative

  8,328   6,389   24,100   20,777 

Product design and development

  6,925   5,784   21,283   20,053 
   27,988   24,177   82,395   77,044 

Operating (loss) income

  (5,680)  (236)  4,365   15,972 
                 

Nonoperating income (expense):

                

Interest (expense) income, net

  56   (40)  134   (46)

Other (expense) income, net

  (793)  (913)  (2,613)  (2,377)

(Loss) income before income taxes

 $(6,417) $(1,189) $1,886  $13,549 
                 

Depreciation and amortization:

                

Commercial

 $646  $760  $1,949  $2,253 

Live Events

  1,275   1,436   3,860   4,311 

High School Park and Recreation

  318   464   1,096   1,452 

Transportation

  136   233   402   704 

International

  703   738   2,181   2,132 

Unallocated corporate depreciation

  677   653   2,056   1,996 
  $3,755  $4,284  $11,544  $12,848 

 

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

  

Nine Months Ended

 
  

January 29,

  

January 30,

  

January 29,

  

January 30,

 
  

2022

  

2021

  

2022

  

2021

 

Net sales:

                

United States

 $112,389  $78,152  $374,692  $314,674 

Outside United States

  27,169   15,987   74,075   50,476 
  $139,558  $94,139  $448,767  $365,150 

 

  

January 29,

  

May 1,

 
  

2022

  

2021

 

Property and equipment, net of accumulated depreciation:

        

United States

 $50,271  $50,130 

Outside United States

  7,991   8,552 
  $58,262  $58,682 

 

 

We have numerous customers worldwide for sales of our products and services. No customer accounted for 10 percent or more of net sales for the three and nine months ended January 29, 2022; 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.