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Segment Information (Tables) | 9 Months Ended
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Jan. 27, 2013
Schedule of Operating Segments Information | Financial information for the company’s operating segments follows:
|  | Three months ended |
(dollars in thousands) |  | January 27, 2013 |  |  | January 29, 2012 |
Net sales: |  |  |  |  |  |
Mattress Fabrics |  | $ | 35,513 |  |  | $ | 34,719 |
Upholstery Fabrics |  |  | 28,182 |  |  |  | 25,731 |
|  | $ | 63,695 |  |  | $ | 60,450 |
Gross profit: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 6,548 |  |  | $ | 5,104 |
Upholstery Fabrics |  |  | 5,137 |  |  |  | 3,407 |
|  | $ | 11,685 |  |  | $ | 8,511 |
Selling, general, and administrative expenses: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 2,382 |  |  | $ | 1,970 |
Upholstery Fabrics |  |  | 3,360 |  |  |  | 2,653 |
Total segment selling, general, and |  |  |  |  |  |  |  |
administrative expenses |  |  | 5,742 |  |  |  | 4,623 |
Unallocated corporate expenses |  |  | 1,080 |  |  |  | 895 |
|  | $ | 6,822 |  |  | $ | 5,518 |
Income form operations: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 4,166 |  |  | $ | 3,134 |
Upholstery Fabrics |  |  | 1,777 |  |  |  | 754 |
Total segment income from operations |  |  | 5,943 |  |  |  | 3,888 |
Unallocated corporate expenses |  |  | (1,080 | ) |  |  | (895 | )
Total income from operations |  |  | 4,863 |  |  |  | 2,993 |
Interest expense |  |  | (145 | ) |  |  | (181 | )
Interest income |  |  | 105 |  |  |  | 148 |
Other expense |  |  | (300 | ) |  |  | (83 | )
Income before income taxes |  | $ | 4,523 |  |  | $ | 2,877 |
|  | Nine months ended |
(dollars in thousands) |  | January 27, 2013 |  |  | January 29, 2012 |
Net sales: |  |  |  |  |  |
Mattress Fabrics |  | $ | 113,175 |  |  | $ | 102,130 |
Upholstery Fabrics |  |  | 85,264 |  |  |  | 76,603 |
|  | $ | 198,439 |  |  | $ | 178,733 |
Gross profit: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 21,708 |  |  | $ | 16,180 |
Upholstery Fabrics |  |  | 14,974 |  |  |  | 9,932 |
Total segment gross profit |  | $ | 36,682 |  |  | $ | 26,112 |
Other non-recurring charges |  |  | - |  |  |  | (77 | ) (1)
|  | $ | 36,682 |  |  | $ | 26,035 |
Selling, general, and administrative expenses: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 7,197 |  |  | $ | 6,094 |
Upholstery Fabrics |  |  | 9,857 |  |  |  | 8,186 |
Total segment selling, general, and |  |  |  |  |  |  |  |
administrative expenses |  |  | 17,054 |  |  |  | 14,280 |
Unallocated corporate expenses |  |  | 4,618 |  |  |  | 2,715 |
|  | $ | 21,672 |  |  | $ | 16,995 |
Income from operations: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 14,512 |  |  | $ | 10,087 |
Upholstery Fabrics |  |  | 5,116 |  |  |  | 1,745 |
Total segment income from operations |  |  | 19,628 |  |  |  | 11,832 |
Unallocated corporate expenses |  |  | (4,618 | ) |  |  | (2,715 | )
Other non-recurring charges |  |  | - |  |  |  | (77 | ) (1)
Total income from operations |  |  | 15,010 |  |  |  | 9,040 |
Interest expense |  |  | (491 | ) |  |  | (590 | )
Interest income |  |  | 328 |  |  |  | 387 |
Other expense |  |  | (421 | ) |  |  | (132 | )
Income before income taxes |  | $ | 14,426 |  |  | $ | 8,705 |
(1) | Other non-recurring charges represent employee termination benefits associated with our Anderson, SC plant facility. This non-recurring charges relates to the Upholstery Fabrics segment.
Balance sheet information for the company’s operating segments follow:
(dollars in thousands) |  | January 27, 2013 |  |  | April 29, 2012 |
Segment assets: |  |  |  |  |  |
Mattress Fabrics |  |  |  |  |  |
Current assets (1) |  | $ | 34,595 |  |  | $ | 29,909 |
Assets held for sale |  |  | - |  |  |  | 15 |
Non-compete agreements, net |  |  | 222 |  |  |  | 333 |
Goodwill |  |  | 11,462 |  |  |  | 11,462 |
Property, plant and equipment (2) |  |  | 28,116 |  |  |  | 29,237 |
Total mattress fabrics assets |  |  | 74,395 |  |  |  | 70,956 |
Upholstery Fabrics |  |  |  |  |  |  |  |
Current assets (1) |  |  | 31,839 |  |  |  | 31,519 |
Property, plant and equipment (3) |  |  | 1,147 |  |  |  | 1,124 |
Total upholstery fabrics assets |  |  | 32,986 |  |  |  | 32,643 |
Total segment assets |  |  | 107,381 |  |  |  | 103,599 |
Non-segment assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 19,489 |  |  |  | 25,023 |
Short-term investments |  |  | 5,237 |  |  |  | 5,941 |
Deferred income taxes |  |  | 8,270 |  |  |  | 5,672 |
Other current assets |  |  | 1,655 |  |  |  | 1,989 |
Property, plant and equipment (4) |  |  | 792 |  |  |  | 918 |
Other assets |  |  | 973 |  |  |  | 1,574 |
Total assets |  | $ | 143,797 |  |  | $ | 144,716 |
|  | Nine months ended |
(dollars in thousands) |  | January 27, 2013 |  |  | January 29, 2012 |
Capital expenditures (5): |  |  |  |  |  |
Mattress Fabrics |  | $ | 2,223 |  |  | $ | 2,761 |
Upholstery Fabrics |  |  | 222 |  |  |  | 481 |
Unallocated Corporate |  |  | 149 |  |  |  | 351 |
Total capital expenditures |  | $ | 2,594 |  |  | $ | 3,593 |
Depreciation expense: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 3,344 |  |  | $ | 3,163 |
Upholstery Fabrics |  |  | 474 |  |  |  | 437 |
Total depreciation expense |  | $ | 3,818 |  |  | $ | 3,600 |
(1) | Current assets represent accounts receivable and inventory for the respective segment.
(2) | The $28.1 million at January 27, 2013, represents property, plant, and equipment of $20.6 million and $7.5 million located in the U.S. and Canada, respectively. The $29.2 million at April 29, 2012, represents property, plant, and equipment of $21.2 million and $8.0 million located in the U.S. and Canada, respectively.
(3) | The $1.1 million at January 27, 2013, represents property, plant, and equipment located in the U.S. of $906, located in China of $155, and located in Poland of $86. The $1.1 million at April 29, 2012, represents property, plant, and equipment located in the U.S. of $837, located in China of $183, and located in Poland of $104.
(4) | The $792 and $918 at January 27, 2013 and April 29, 2012, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments. Property, plant, and equipment associated with corporate are located in the U.S.
(5) | Capital expenditure amounts are stated on the accrual basis. See Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
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