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INCOME TAXES (Tables) | 12 Months Ended
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May. 03, 2015
Income Tax Disclosure [Abstract] |
Schedule of Allocation of Income Tax Expense | Total income tax expense was allocated as follows:
(dollars in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
income from operations |  | $ | 7,885 |  |  |  | 1,596 |  |  |  | 1,972 |
shareholders’ equity, related to the tax benefit arising from stock based compensation |  |  | (109 | ) |  |  | (143 | ) |  |  | (76 | )
|  | $ | 7,776 |  |  |  | 1,453 |  |  |  | 1,896 |
Schedule of Income Tax Expense Attributable to Income from Operations | Income tax expense attributable to income from operations consists of:
(dollars in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
current |  |  |  |  |  |  |  |  |
federal |  | $ | - |  |  |  | - |  |  |  | - |
state |  |  | (7 | ) |  |  | - |  |  |  | 19 |
foreign |  |  | 4,713 |  |  |  | 3,323 |  |  |  | 2,297 |
|  |  | 4,706 |  |  |  | 3,323 |  |  |  | 2,316 |
deferred |  |  |  |  |  |  |  |  |  |  |  |
federal |  |  | (849 | ) |  |  | 1,065 |  |  |  | 192 |
state |  |  | (52 | ) |  |  | 416 |  |  |  | 14 |
undistributed earnings – foreign subsidiaries |  |  | (260 | ) |  |  | (5,018 | ) |  |  | 7,011 |
U.S. operating loss carryforwards |  |  | 4,487 |  |  |  | 1,838 |  |  |  | 3,665 |
foreign |  |  | (92 | ) |  |  | (42 | ) |  |  | 608 |
valuation allowance |  |  | (55 | ) |  |  | 14 |  |  |  | (11,834 | )
|  |  | 3,179 |  |  |  | (1,727 | ) |  |  | (344 | )
|  | $ | 7,885 |  |  |  | 1,596 |  |  |  | 1,972 |
Schedule of Income (Loss) before Income Taxes related to Foreign and U.S. Operations | Income (loss) before income taxes related to the company’s foreign and U.S. operations consists of:
(dollars in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Foreign |  |  |  |  |  |  |  |  |  |  |  |
China |  | $ | 12,531 |  |  |  | 11,512 |  |  |  | 10,593 |
Canada |  |  | 2,695 |  |  |  | 2,149 |  |  |  | 2,075 |
Poland |  |  | (260 | ) |  |  | (370 | ) |  |  | (630 | )
Total Foreign |  |  | 14,966 |  |  |  | 13,291 |  |  |  | 12,038 |
United States |  |  | 7,990 |  |  |  | 5,752 |  |  |  | 8,251 |
|  | $ | 22,956 |  |  |  | 19,043 |  |  |  | 20,289 |
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate | The following schedule summarizes the principal differences between the income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements:
|  | 2015 |  |  | 2014 |  |  | 2013 |
federal income tax rate |  |  | 34.0 | % |  |  | 34.0 | % |  |  | 34.0 | %
foreign tax rate differential |  |  | (6.7 | ) |  |  | (7.2 | ) |  |  | (6.7 | )
increase in the liability for uncertain tax positions |  |  | 3.7 |  |  |  | 4.3 |  |  |  | 4.0 |
undistributed earnings from foreign subsidiaries |  |  | 3.0 |  |  |  | (26.3 | ) |  |  | 34.6 |
change in valuation allowance |  |  | (0.2 | ) |  |  | 0.1 |  |  |  | (58.3 | )
other |  |  | 0.5 |  |  |  | 3.5 |  |  |  | 2.1 |
|  |  | 34.3 | % |  |  | 8.4 | % |  |  | 9.7 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following:
(dollars in thousands) |  | 2015 |  |  | 2014 |
deferred tax assets: |  |  |  |  |  |  |  |
accounts receivable |  | $ | 444 |  |  |  | 274 |
inventories |  |  | 2,251 |  |  |  | 1,801 |
compensation |  |  | 4,497 |  |  |  | 3,200 |
liabilities and other |  |  | 1,155 |  |  |  | 1,109 |
alternative minimum tax credit |  |  | 1,320 |  |  |  | 1,320 |
property, plant and equipment (1) |  |  | 447 |  |  |  | 572 |
loss carryforwards – U.S. |  |  | 12,133 |  |  |  | 17,161 |
loss carryforwards – foreign |  |  | 361 |  |  |  | 311 |
unrecognized tax benefits – U.S. |  |  | (10,349 | ) |  |  | (9,778 | )
valuation allowances |  |  | (922 | ) |  |  | (977 | )
total deferred tax assets |  |  | 11,337 |  |  |  | 14,993 |
deferred tax liabilities: |  |  |  |  |  |  |  |
undistributed earnings on foreign subsidiaries |  |  | (1,733 | ) |  |  | (1,993 | )
property, plant and equipment (2) |  |  | (4,022 | ) |  |  | (4,581 | )
goodwill |  |  | (1,197 | ) |  |  | (1,028 | )
other |  |  | (198 | ) |  |  | (134 | )
total deferred tax liabilities |  |  | (7,150 | ) |  |  | (7,736 | )
Net deferred tax asset |  | $ | 4,187 |  |  |  | 7,257 |
(1) | Pertains to the company’s operations located in China.
(2) | Pertains to the company’s operations located in the U.S. and Canada.
Schedule of Unrecognized Tax Benefit | The following table sets forth the change in the company’s unrecognized tax benefit:
(dollars in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
beginning balance |  | $ | 13,740 |  |  |  | 13,166 |  |  |  | 12,462 |
increases from prior period tax positions |  |  | 588 |  |  |  | 756 |  |  |  | 812 |
decreases from prior period tax positions |  |  | (187 | ) |  |  | (182 | ) |  |  | (108 | )
increases from current period tax positions |  |  | - |  |  |  | - |  |  |  | - |
ending balance |  | $ | 14,141 |  |  |  | 13,740 |  |  |  | 13,166 |

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