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Summary of Selected Quarterly Data (Tables)
12 Months Ended
Apr. 27, 2014
Quarterly Financial Information Disclosure [Abstract]  
Summary of Selected Quarterly Data
fiscal
fiscal
fiscal
fiscal
fiscal
fiscal
fiscal
fiscal
2014
2014
2014
2014
2013
2013
2013
2013
(amounts in thousands except per share, ratios & other, stock data)
4th quarter
3rd quarter
2nd quarter
1st quarter
4th quarter
3rd quarter
2nd quarter
1st quarter
INCOME STATEMENT DATA
net sales
$ 74,043 72,389 70,589 70,141 70,375 63,695 65,560 69,184
cost of sales
62,282 60,552 58,354 57,067 57,527 52,010 53,683 56,064
gross profit
11,761 11,837 12,235 13,074 12,848 11,685 11,877 13,120
selling, general and administrative expenses
7,317 7,041 7,200 7,100 6,772 6,822 7,209 7,641
income from operations
4,444 4,796 5,035 5,974 6,076 4,863 4,668 5,479
interest expense
97 91 99 140 140 145 156 190
interest income
(139 ) (148 ) (102 ) (92 ) (90 ) (105 ) (96 ) (127 )
other expense
366 279 224 391 163 300 76 44
income before income taxes
4,120 4,574 4,814 5,535 5,863 4,523 4,532 5,372
income taxes
1,380 (3,807 ) 1,718 2,305 2,161 1,700 (3,736 ) 1,848
net income
$ 2,740 8,381 3,096 3,230 3,702 2,823 8,268 3,524
depreciation
$ 1,348 1,329 1,331 1,305 1,297 1,279 1,285 1,254
weighted average shares outstanding
12,188 12,188 12,183 12,148 12,102 12,095 12,191 12,551
weighted average shares outstanding,
assuming dilution
12,413 12,405 12,389 12,366 12,323 12,290 12,348 12,711
PER SHARE DATA
net income per share - basic
$ 0.22 0.69 0.25 0.27 0.31 0.23 0.68 0.28
net income per share - diluted
0.22 0.68 0.25 0.26 0.30 0.23 0.67 0.28
book value
9.12 8.93 8.29 8.05 7.82 7.52 7.81 7.26
BALANCE SHEET DATA
operating working capital (3)
$ 41,120 44,657 41,210 38,442 39,228 40,214 35,616 36,637
property, plant and equipment, net
31,376 30,115 30,559 30,808 30,594 30,055 30,621 31,016
total assets
160,935 156,678 156,242 151,101 144,706 143,797 142,443 143,160
capital expenditures
2,643 927 1,082 658 1,863 713 890 991
long-term debt, current maturities of long-term debt, and line of credit (1)
4,986 4,973 4,985 7,160 7,161 7,342 7,692 9,900
shareholders' equity
111,744 109,443 101,515 98,585 95,583 91,966 95,388 91,831
capital employed (2)
77,394 80,344 77,068 78,289 72,699 71,758 70,596 75,177
RATIOS & OTHER DATA
gross profit margin
15.9 % 16.4 % 17.3 % 18.6 % 18.3 % 18.3 % 18.1 % 19.0 %
operating income margin
6.0 6.6 7.1 8.5 8.6 7.6 7.1 7.9
net income margin
3.7 11.6 4.4 4.6 5.3 4.4 12.6 5.1
effective income tax rate
33.5 (83.2 ) 35.7 41.6 36.9 37.6 (82.4 ) 34.4
Debt-to-total capital employed ratio (1)
6.4 6.2 6.5 9.1 9.9 10.2 10.9 13.2
operating working capital turnover (3)
7.0 7.0 7.1 7.1 7.4 7.9 8.3 8.5
days sales in receivables
34 31 32 29 30 32 29 24
inventory turnover
6.1 5.4 5.4 5.6 6.0 5.3 5.5 5.2
STOCK DATA
stock price
high
$ 21.10 20.75 19.82 19.56 18.15 16.82 12.35 11.99
low
17.61 18.37 17.60 14.93 14.76 12.00 9.75 9.00
close
18.61 20.05 19.80 19.36 16.25 16.70 12.28 10.15
daily average trading volume (shares)
27.1 26.9 21.2 34.7 51.9 43.4 29.9 38.6
(1)
Debt includes long-term debt, current maturities of long-term debt, and line of credit.
(2)
Capital employed represents long-term and current maturities of long-term debt, lines of credit, current and noncurrent deferred income tax liabilities, current and long-term income taxes payable, stockholders' equity, offset by cash and cash equivalents, short-term and long-term investments, current and noncurrent deferred income tax assets, and income taxes receivable.
(3)
Operating working capital for this calculation is accounts receivable and inventories, offset by accounts payable-trade and capital expenditures