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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2026
Income Tax Disclosure [Abstract] |
Income Tax Expense | Income tax expense consisted of the following (in thousands):
|  | For the Year Ended April 30, |
|  | 2026 |  |  | 2025 |  |  | 2024 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ |  | 590 |  |  | $ |  | 6,875 |  |  | $ |  | 6,786 |
State |  |  |  | 86 |  |  |  |  | 1,977 |  |  |  |  | 2,713 |
Total current |  |  |  | 676 |  |  |  |  | 8,852 |  |  |  |  | 9,499 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  |  | 5,866 |  |  |  |  | (2,638 | ) |  |  |  | 2,558 |
State |  |  |  | 47 |  |  |  |  | (394 | ) |  |  |  | (1,701 | )
Total deferred |  |  |  | 5,913 |  |  |  |  | (3,032 | ) |  |  |  | 857 |
Total income tax expense |  | $ |  | 6,589 |  |  | $ |  | 5,820 |  |  | $ |  | 10,356 |
Reconciliation of Provision for Income Taxes from Continuing Operations | The effective income tax rate for the year ended April 30, 2026 differs from the statutory federal income tax rate as follows:
|  | For the Year Ended April 30, 2026 |
|  | $ |  |  | % |
U.S. Federal Statutory Tax Rate |  | $ |  | 5,265 |  |  |  |  | 21.0 | %
State income taxes, net of federal tax effects (a) |  |  |  | 189 |  |  |  |  | 0.8 | %
Effect of cross-border tax laws |  |  |  |  |  |  |  |
Foreign derived intangible income (FDII) deductions |  |  |  | (24 | ) |  |  |  | -0.1 | %
Tax credits |  |  |  |  |  |  |  |
Research & development and fuel |  |  |  | (312 | ) |  |  |  | -1.2 | %
Nontaxable or nondeductible items |  |  |  | 441 |  |  |  |  | 1.8 | %
Other adjustments |  |  |  |  |  |  |  |
Deferral adjustment for stock compensation |  |  |  | 988 |  |  |  |  | 3.8 | %
Other |  |  |  | 42 |  |  |  |  | 0.2 | %
Total income tax expense |  | $ |  | 6,589 |  |  |  |  | 26.3 | %
(a) State taxes in California, Louisiana, Minnesota, North Carolina, and Texas make up the majority (greater than 50%) of the tax effect in this category. Prior to the adoption of ASU 2023-09, the following table presents a reconciliation of income tax expense from continuing operations at the statutory rate of 21% to the expense in the consolidated financial statements (in thousands):
|  | For the Year Ended April 30, |
|  | 2025 |  |  | 2024 |
Federal income taxes expected at the statutory rate |  | $ |  | 4,041 |  |  | $ |  | 10,861 |
State income taxes, net of federal tax effects |  |  |  | 1,406 |  |  |  |  | (144 | )
Stock compensation |  |  |  | 386 |  |  |  |  | 467 |
Business meals and entertainment |  |  |  | 113 |  |  |  |  | 100 |
Research and development tax credit |  |  |  | (335 | ) |  |  |  | (281 | )
Amendments to prior year returns |  |  |  | — |  |  |  |  | (1,176 | )
Other |  |  |  | 209 |  |  |  |  | 529 |
Total income tax expense |  | $ |  | 5,820 |  |  | $ |  | 10,356 |
Deferred Tax Assets (Liabilities) Related to Temporary Differences | Deferred tax assets and liabilities related to temporary differences consisted of the following (in thousands):
|  | For the Years Ended April 30, |
|  | 2026 |  |  | 2025 |
Deferred Tax Assets |  |  |  |  |  |
Inventory reserves |  | $ | 9,794 |  |  | $ | 11,637 |
Accrued expenses, including compensation |  |  | 3,783 |  |  |  | 2,930 |
Net operating loss carryforwards and tax credits |  |  | 9,931 |  |  |  | 8,200 |
Operating lease liability |  | — |  |  |  | 128 |
Product liability |  |  | 198 |  |  |  | 151 |
Workers' compensation |  |  | 606 |  |  |  | 684 |
State bonus depreciation |  |  | 880 |  |  |  | 980 |
Warranty reserve |  |  | 643 |  |  |  | 760 |
Stock-based compensation |  |  | 562 |  |  |  | 1,573 |
Section 174 capitalized R&D expense |  |  | 95 |  |  |  | 2,983 |
Other |  |  | 978 |  |  |  | 942 |
Total deferred tax assets before valuation allowance |  |  | 27,470 |  |  |  | 30,968 |
Valuation allowance |  |  | (7,408 | ) |  |  | (6,169 | )
Net deferred tax assets |  |  | 20,062 |  |  |  | 24,799 |
Deferred Tax Liabilities |  |  |  |  |  |
Operating lease right-of-use assets |  | — |  |  |  | (96 | )
Property, plant & equipment |  |  | (12,549 | ) |  |  | (11,679 | )
Intangible assets |  |  | (2,803 | ) |  |  | (2,418 | )
Other |  |  | (363 | ) |  |  | (346 | )
Total deferred tax liabilities |  |  | (15,715 | ) |  |  | (14,539 | )
Net Deferred Tax Asset |  | $ | 4,347 |  |  | $ | 10,260 |
Schedule of Cash Paid for Income Taxes | The supplemental schedule of cash paid for income taxes, net of refunds is as follows:
|  | For the Year Ended April 30, 2026 |
Cash paid during the period for income taxes: |  |  |  |
U.S. Federal |  | $ |  | 3,870 |
U.S. State and local |  |  |  |
Louisiana |  |  |  | 403 |
Other |  |  |  | 1,388 |
Total cash paid during the period for income taxes |  | $ |  | 5,661 |

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