SELECTED QUARTERLY DATA (UNAUDITED)

12 Months Ended

May. 03, 2015

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY DATA (UNAUDITED)

	fiscal			fiscal			fiscal			fiscal			fiscal			fiscal			fiscal			fiscal
	2015			2015			2015			2015			2014			2014			2014			2014
(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	$	78,846			81,269			73,991			76,060			74,043			72,389			70,589			70,141
cost of sales		62,674			66,867			61,713			63,345			62,282			60,552			58,354			57,067
gross profit		16,172			14,402			12,278			12,715			11,761			11,837			12,235			13,074
selling, general and administrative expenses		9,605			8,375			7,379			7,419			7,317			7,041			7,200			7,100
income from operations		6,567			6,027			4,899			5,296			4,444			4,796			5,035			5,974
interest expense		15			-			-			68			97			91			99			140
interest income		(143	)		(202	)		(153	)		(142	)		(139	)		(148	)		(102	)		(92	)
other expense (income)		10			307			162			(89	)		366			279			224			391
income before income taxes		6,685			5,922			4,890			5,459			4,120			4,574			4,814			5,535
income taxes		1,772			2,110			1,889			2,115			1,380			(3,807	)		1,718			2,305
net income	$	4,913			3,812			3,001			3,344			2,740			8,381			3,096			3,230
depreciation	$	1,528			1,432			1,414			1,399			1,348			1,329			1,331			1,305
weighted average shares outstanding		12,219			12,219			12,218			12,212			12,188			12,188			12,183			12,148
weighted average shares outstanding,
assuming dilution		12,440			12,417			12,401			12,404			12,413			12,405			12,389			12,366
PER SHARE DATA
net income per share - basic	$	0.40			0.31			0.25			0.27			0.22			0.69			0.25			0.27
net income per share - diluted		0.39			0.31			0.24			0.27			0.22			0.68			0.25			0.26
dividends per share		0.06			0.06			0.05			0.45			0.05			0.05			0.04			0.04
book value		9.77			9.41			9.14			8.93			9.12			8.93			8.29			8.05
BALANCE SHEET DATA
operating working capital (3)	$	41,829			39,371			37,645			41,265			41,120			44,657			41,210			38,442
property, plant and equipment, net		36,078			35,269			33,204			31,891			31,376			30,115			30,559			30,808
total assets		171,368			167,815			156,662			154,212			160,935			156,678			156,242			151,101
capital expenditures		2,490			3,696			2,728			2,260			2,643			927			1,082			658
dividends paid		733			733			611			5,502			612			613			490			489
long-term debt, current maturities of long-term debt, and line of credit (1)		2,200			2,200			2,200			4,969			4,986			4,973			4,985			7,160
shareholders' equity		119,427			114,972			111,674			109,147			111,744			109,443			101,515			98,585
capital employed (2)		79,184			77,711			75,636			79,516			77,394			80,344			77,068			78,289
RATIOS & OTHER DATA
gross profit margin		20.5	%		17.7	%		16.6	%		16.7	%		15.9	%		16.4	%		17.3	%		18.6	%
operating income margin		8.3			7.4			6.6			7.0			6.0			6.6			7.1			8.5
net income margin		6.2			4.7			4.1			4.4			3.7			11.6			4.4			4.6
effective income tax rate		26.5			35.6			38.6			38.7			33.5			(83.2	)		35.7			41.6
Debt-to-total capital employed ratio (1)		2.8			2.8			2.9			6.2			6.4			6.2			6.5			9.1
operating working capital turnover (3)		7.7			7.5			7.2			7.1			7.0			7.0			7.1			7.1
days sales in receivables		33			32			31			31			34			31			32			29
inventory turnover		6.4			7.0			6.4			6.0			6.1			5.4			5.4			5.6
STOCK DATA
stock price
high	$	29.19			22.74			19.24			19.05			21.10			20.75			19.82			19.56
low		19.22			18.50			16.60			17.11			17.61			18.37			17.60			14.93
close		26.02			20.09			18.97			17.87			18.61			20.05			19.80			19.36
daily average trading volume (shares)		64.9			26.8			29.7			33.7			27.1			26.9			21.2			34.7

(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 accounts payable - capital expenditures.