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SEGMENT INFORMATION (Tables)
 12 Months Ended
Apr. 27, 2014
Segment Reporting [Abstract]  
Summary of Segment Information by Geographic Area
International sales accounted for 19%, 23% and 21% of net sales in 2014, 2013, and 2012, respectively, and are summarized by geographic area as follows:

(dollars in thousands)
2014
2013
2012
north america (excluding USA)
 $ 15,556 11,900 10,417
far east and asia
 33,487 43,907 38,279
all other areas
 6,041 5,806 5,353
$ 55,084 61,613 54,049
Schedule of Operating Segments Information
Statements of operations for the company’s operating segments are as follows:
(dollars in thousands)
2014
2013
2012
net sales:
upholstery fabrics
 $ 126,457 114,800 108,924
mattress fabrics
 160,705 154,014 145,519
$ 287,162 268,814 254,443
gross profit:
upholstery fabrics
 $ 21,429 19,984 14,984
mattress fabrics
 27,477 29,546 24,825
total segment gross profit
 48,906 49,530 39,809
other non-recurring charges
 - - (77) (1)
$ 48,906 49,530 39,732
(dollars in thousands)
 2014 2013 2012
selling, general, and administrative expenses:
upholstery fabrics
 $ 13,393 13,031 11,453
mattress fabrics
 9,962 9,646 9,061
unallocated corporate
 5,302 5,768 4,512
total selling, general, and administrative
expenses
 $ 28,657 28,445 25,026
Income from operations:
upholstery fabrics
 $ 8,036 6,953 3,531
mattress fabrics
 17,515 19,900 15,764
total segment income from operations
 25,551 26,853 19,295
unallocated corporate expenses
 (5,302 ) (5,768 ) (4,512 )
other non-recurring charges
 - - (77) (1)
total income from operations
 20,249 21,085 14,706
interest expense
 (427 ) (632 ) (780 )
interest income
 482 419 508
other expense
 (1,261 ) (583 ) (236 )
income before income taxes
 $ 19,043 20,289 14,198
(1)
The $77 represents employee termination benefits associated with our Anderson, SC plant facility. This charge was recorded in cost of sales in the 2012 Consolidated Statement of Net Income and relates to the upholstery fabrics segment.
 
 

Balance sheet information for the company’s operating segments follow:
(dollars in thousands)
2014
2013
                                               2012
segment assets
mattress fabrics
current assets (2)
 $ 36,229 33,323 29,909
assets held for sale
 - - 15
non-compete agreements, net
 1,041 185 333
customer relationships
 817 - -
goodwill
 11,462 11,462 11,462
property, plant, and equipment
 29,040 (3) 28,578 (4) 29,237 (5)
total mattress fabrics assets
 $ 78,589 73,548 70,956
upholstery fabrics
current assets (2)
 $ 31,854 28,487 31,519
assets held for sale
 - - -
property, plant, and equipment
 1,573 (6) 1,230 (7) 1,124 (8)
total upholstery fabrics assets
 $ 33,427 29,717 32,643
total segment assets
 112,016 103,265 103,599
non-segment assets
cash and cash equivalents
 29,303 23,530 25,023
short-term investments
 6,294 5,286 5,941
income taxes receivable
 121 318 -
deferred income taxes
 8,270 8,462 5,672
other current assets
 2,344 2,093 1,989
property, plant, and equipment
 763 (9) 786 (9) 918 (9)
long-term investments
 765 - -
other assets
 1,059 966 1,574
total assets
 $ 160,935 144,706 144,716
capital expenditures (10):
mattress fabrics
 $ 4,380 3,805 4,875
upholstery fabrics
 827 425 512
unallocated corporate
 103 227 532
$ 5,310 4,457 5,919
depreciation expense
mattress fabrics
 $ 4,694 4,487 4,275
upholstery fabrics
 618 628 590
total segment depreciation expense
 $ 5,312 5,115 4,865
(2)
Current assets represent accounts receivable and inventory.
(3)
The $29.0 million at April 27, 2014, represents property, plant, and equipment located in the U.S. of $20.6 million and located in Canada of $8.4 million.
(4)
The $28.6 million at April 28, 2013, represents property, plant, and equipment located in the U.S. of $20.4 million and located in Canada of $8.2 million.
(5)
The $29.2 million at April 29, 2012, represents property, plant, and equipment located in the U.S. of $21.2 million and located in Canada of $8.0 million.
(6)
The $1.6 million at April 27, 2014, represents property, plant, and equipment located in the U.S. of $957, located in China of $572, and located in Poland of $44.
(7)
The $1.2 million at April 28, 2013, represents property, plant, and equipment located in the U.S. of $908, located in China of $265, and located in Poland of $57.
(8)
The $1.1 million at April 29, 2012, represents property, plant, and equipment located in the U.S. of $837, China of $183, and located in Poland of $104.
(9)
The $763, $786, and $918 balance at April 27, 2014, April 28, 2013, and April 29, 2012, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments.
(10)
Capital expenditure amounts are stated on an accrual basis. See Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.