Financial information for the company’s operating segments follows:


	Three months ended
(dollars in thousands)	February 1, 2015			January 26, 2014
Net sales:
Mattress Fabrics	$	45,683		$	38,541
Upholstery Fabrics		35,586			33,848
	$	81,269		$	72,389


Gross profit:
Mattress Fabrics	$	8,076		$	5,599
Upholstery Fabrics		6,326			6,238

	$	14,402		$	11,837


Selling, general, and administrative expenses:
Mattress Fabrics	$	2,853		$	2,286
Upholstery Fabrics		3,781			3,572
Total segment selling, general, and
administrative expenses		6,634			5,858
Unallocated corporate expenses		1,741			1,183
	$	8,375		$	7,041

Income from operations:
Mattress Fabrics	$	5,223		$	3,313
Upholstery Fabrics		2,545			2,666
Total segment income from operations		7,768			5,979
Unallocated corporate expenses		(1,741	)		(1,183	)
Total income from operations		6,027			4,796
Interest expense		-			(91	)
Interest income		202			148
Other expense		(307	)		(279	)
Income before income taxes	$	5,922		$	4,574


	Nine months ended
(dollars in thousands)	February 1, 2015			January 26, 2014
Net sales:
Mattress Fabrics	$	131,543		$	117,035
Upholstery Fabrics		99,777			96,084
	$	231,320		$	213,119


Gross profit:
Mattress Fabrics	$	22,603		$	20,312
Upholstery Fabrics		16,792			16,833

	$	39,395		$	37,145


Selling, general, and administrative expenses:
Mattress Fabrics	$	8,019		$	7,280
Upholstery Fabrics		10,518			10,007
Total segment selling, general, and
administrative expenses		18,537			17,287
Unallocated corporate expenses		4,636			4,053
	$	23,173		$	21,340

Income from operations:
Mattress Fabrics	$	14,584		$	13,033
Upholstery Fabrics		6,274			6,825
Total segment income from operations		20,858			19,858
Unallocated corporate expenses		(4,636	)		(4,053	)
Total income from operations		16,222			15,805
Interest expense		(50	)		(330	)
Interest income		478			343
Other expense		(380	)		(895	)
Income before income taxes	$	16,270		$	14,923

Balance sheet information for the company’s operating segments follow:


(dollars in thousands)	February 1, 2015		January 26, 2014		April 27, 2014
Segment assets:
Mattress Fabrics
Current assets (1)	$	36,658	$	36,818	$	36,229
Non-compete agreement		998		1,047		1,041
Customer relationships		779		830		817
Goodwill		11,462		11,462		11,462
Property, plant and equipment (2)		33,046		27,822		29,040
Total mattress fabrics assets		82,943		77,979		78,589
Upholstery Fabrics
Current assets (1)		32,129		33,261		31,854
Property, plant and equipment (3)		1,522		1,649		1,573
Total upholstery fabrics assets		33,651		34,910		33,427
Total segment assets		116,594		112,889		112,016
Non-segment assets:
Cash and cash equivalents		28,772		23,293		29,303
Short-term investments		8,384		7,077		6,294
Deferred income taxes		7,477		8,730		8,270
Income taxes receivable		104		-		121
Other current assets		2,992		2,999		2,344
Property, plant and equipment (4)		701		644		763
Long-term investments		2,063		-		765
Other assets		728		1,046		1,059
Total assets	$	167,815	$	156,678	$	160,935


	Nine months ended
(dollars in thousands)	February 1, 2015		January 26, 2014
Capital expenditures (5):
Mattress Fabrics	$	8,232	$	1,936
Upholstery Fabrics		390		694
Unallocated Corporate		62		37
Total capital expenditures	$	8,684	$	2,667
Depreciation expense:
Mattress Fabrics	$	3,692	$	3,510
Upholstery Fabrics		552		454
Total depreciation expense	$	4,244	$	3,964

(1)	Current assets represent accounts receivable and inventory for the respective segment.

(2)

The $33.0 million at February 1, 2015, represents property, plant, and equipment of $23.5 million and $9.5 million located in the U.S. and Canada, respectively. The $27.8 million at January 26, 2014, represents property, plant, and equipment of $20.1 million and $7.7 million located in the U.S. and Canada, respectively. The $29.0 million at April 27, 2014, represents property, plant, and equipment of $20.6 million and $8.4 million located in the U.S. and Canada, respectively.

(3)

The $1.5 million at February 1, 2015, represents property, plant, and equipment of $877 and $645 located in the U.S. and China, respectively. The $1.6 million at January 26, 2014, represents property, plant, and equipment located in the U.S. of $1.0 million, located in China of $561, and located in Poland of $47. 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.

(4)

The $701, $644, and $763 at February 1, 2015, January 26, 2014 and April 27, 2014, 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 Statements of Cash Flows for capital expenditure amounts on a cash basis.