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Long-term Debt and Other Credit Arrangements
3 Months Ended
Jul. 31, 2019
Debt Disclosure [Abstract]  
Long-term Debt and Other Credit Arrangements
Long-term Debt and Other Credit Arrangements

At July 31, 2020, advances of $8.5 million were outstanding under the Company’s bank revolving credit facility, compared to advances of $4.7 million outstanding as of April 30, 2020. The Company had standby letters of credit outstanding of $512,000 at July 31, 2020, unchanged from April 30, 2020. Amounts available under the revolving credit facility were $6.0 million and $8.7 million at July 31, 2020 and April 30, 2020, respectively.  

At April 30, 2020, the Company was not in compliance with all of the financial covenants under the revolving credit facility. On July 20, 2020, the Company entered into an amendment to the Loan Agreement and Line of Credit which effected changes in certain financial covenants set forth in the Loan Agreement and included a waiver of the non-compliance described above. This amendment did not change the amount of availability provided by the Company's Line of Credit. At July 31, 2020, the Company was in compliance with all the financial covenants under its revolving credit facility.