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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2020
Apr. 30, 2020
Current assets:    
Cash and cash equivalents $ 2,431 $ 3,808
Marketable securities 10,011 10,570
Accounts receivable, net of allowance for doubtful accounts of $183 at July 31, 2020 and April 30, 2020 6,201 4,392
Costs and estimated earnings in excess of billings, net 6,932 6,953
Inventories, net 21,683 22,958
Prepaid income taxes 525 849
Prepaid expenses and other 1,850 1,705
Total current assets 49,633 51,235
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 10,731 11,267
Goodwill 617 617
Cash surrender value of life insurance 14,964 14,790
Other assets 2,453 2,503
Right-of-Use assets – operating leases 10,546 10,864
Total assets 88,944 91,276
Current liabilities:    
Accounts payable – trade 1,461 1,424
Accrued liabilities 3,924 3,982
Loss provision accrual 519 748
Operating lease liability 1,822 1,869
Current debt 3,012 4,965
Total current liabilities 10,738 12,988
Deferred compensation 14,334 14,258
Deferred taxes 8 8
Operating lease liability – non-current 9,172 9,444
Deferred rent and other liabilities 357 342
Total liabilities 34,609 37,040
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued
Common stock - $1.00 par value; authorized 20,000 shares, 9,164 shares issued and 9,160 shares outstanding at July 31, 2020; 9,121 shares outstanding at April 30, 2020 9,164 9,164
Additional paid-in capital 56,927 56,914
Accumulated deficit (12,399) (12,137)
53,692 53,941
Common stock reacquired and held in treasury - at cost (4 shares at July 31, 2020 and 43 shares at April 30, 2020) (18) (195)
Accumulated other comprehensive income 661 490
Total stockholders’ equity 54,335 54,236
Total liabilities and stockholders’ equity $ 88,944 $ 91,276