XML 60 R42.htm IDEA: XBRL DOCUMENT
v3.5.0.2

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
May 01, 2016
Segment Reporting [Abstract] |
Summary of Segment Information by Geographic Area | International sales accounted for 22%, 22% and 19% of net sales in 2016, 2015, and 2014, respectively, and are summarized by geographic area as follows:
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
north america (excluding USA) (1) |  | $ | 31,667 |  |  |  | 30,758 |  |  |  | 15,556 |
far east and asia (2) |  |  | 31,927 |  |  |  | 31,855 |  |  |  | 33,487 |
all other areas |  |  | 4,336 |  |  |  | 4,720 |  |  |  | 6,041 |
|  | $ | 67,930 |  |  |  | 67,333 |  |  |  | 55,084 |
(1) | Of this amount, $24.2 million, $24.1 million, and $9.3 million are attributable to shipments to Mexico in fiscal 2016, 2015, and 2014, respectively.
(2) | Of this amount $23.1 million, $26.5 million, and $32.2 million are attributable to shipment to China in fiscal 2016, 2015, and 2014, respectively.
Schedule of Operating Segments Information | Statements of operations for the company’s operating segments are as follows:
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
net sales: |  |  |  |  |  |  |  |  |  |  |  |
upholstery fabrics |  | $ | 126,441 |  |  |  | 130,427 |  |  |  | 126,457 |
mattress fabrics |  |  | 186,419 |  |  |  | 179,739 |  |  |  | 160,705 |
|  | $ | 312,860 |  |  |  | 310,166 |  |  |  | 287,162 |
gross profit: |  |  |  |  |  |  |  |  |  |  |  |
upholstery fabrics |  | $ | 26,393 |  |  |  | 22,690 |  |  |  | 21,429 |
mattress fabrics |  |  | 38,718 |  |  |  | 32,877 |  |  |  | 27,477 |
|  | $ | 65,111 |  |  |  | 55,567 |  |  |  | 48,906 |
(dollars in thousands) |  |  | 2016 |  |  |  | 2015 |  |  |  | 2014 |
selling, general, and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |
upholstery fabrics |  | $ | 15,094 |  |  |  | 14,562 |  |  |  | 13,393 |
mattress fabrics |  |  | 12,223 |  |  |  | 11,206 |  |  |  | 9,962 |
unallocated corporate |  |  | 9,456 |  |  |  | 7,010 |  |  |  | 5,302 |
total selling, general, and administrative expenses |  | $ | 36,773 |  |  |  | 32,778 |  |  |  | 28,657 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |
upholstery fabrics |  | $ | 11,298 |  |  |  | 8,128 |  |  |  | 8,036 |
mattress fabrics |  |  | 26,496 |  |  |  | 21,671 |  |  |  | 17,515 |
total segment income from operations |  |  | 37,794 |  |  |  | 29,799 |  |  |  | 25,551 |
unallocated corporate expenses |  |  | (9,456 | ) |  |  | (7,010 | ) |  |  | (5,302 | )
total income from operations |  |  | 28,338 |  |  |  | 22,789 |  |  |  | 20,249 |
interest expense |  |  | - |  |  |  | (64 | ) |  |  | (427 | )
interest income |  |  | 176 |  |  |  | 622 |  |  |  | 482 |
other expense |  |  | (616 | ) |  |  | (391 | ) |  |  | (1,261 | )
income before income taxes |  | $ | 27,898 |  |  |  | 22,956 |  |  |  | 19,043 |
Balance sheet information for the company’s operating segments follow:
(dollars in thousands) |  | 2016 |  |  | 2015 |  |  | 2014 |
segment assets |  |  |  |  |  |  |  |  |
mattress fabrics |  |  |  |  |  |  |  |  |
current assets (1) |  | $ | 43,472 |  |  |  | 41,328 |  |  |  | 36,229 |
non-compete agreements, net |  |  | 903 |  |  |  | 979 |  |  |  | 1,041 |
customer relationships |  |  | 715 |  |  |  | 766 |  |  |  | 817 |
goodwill |  |  | 11,462 |  |  |  | 11,462 |  |  |  | 11,462 |
property, plant, and equipment |  |  | 37,480 | (2) |  |  | 33,773 | (3) |  |  | 29,040 | (4)
total mattress fabrics assets |  | $ | 94,032 |  |  |  | 88,308 |  |  |  | 78,589 |
upholstery fabrics |  |  |  |  |  |  |  |  |  |  |  |
current assets (1) |  | $ | 26,540 |  |  |  | 29,905 |  |  |  | 31,854 |
property, plant, and equipment |  |  | 1,564 | (5) |  |  | 1,467 | (6) |  |  | 1,573 | (7)
total upholstery fabrics assets |  | $ | 28,104 |  |  |  | 31,372 |  |  |  | 33,427 |
total segment assets |  |  | 122,136 |  |  |  | 119,680 |  |  |  | 112,016 |
non-segment assets |  |  |  |  |  |  |  |  |  |  |  |
cash and cash equivalents |  |  | 37,787 |  |  |  | 29,725 |  |  |  | 29,303 |
short-term investments |  |  | 4,359 |  |  |  | 10,004 |  |  |  | 6,294 |
income taxes receivable |  |  | 155 |  |  |  | 229 |  |  |  | 121 |
deferred income taxes |  |  | 2,319 |  |  |  | 5,169 |  |  |  | 8,270 |
other current assets |  |  | 2,477 |  |  |  | 2,440 |  |  |  | 2,344 |
property, plant, and equipment |  |  | 929 | (8) |  |  | 838 | (8) |  |  | 763 | (8)
long-term investments |  |  | 4,025 |  |  |  | 2,415 |  |  |  | 765 |
other assets |  |  | 955 |  |  |  | 800 |  |  |  | 1,059 |
total assets |  | $ | 175,142 |  |  |  | 171,300 |  |  |  | 160,935 |
capital expenditures (9): |  |  |  |  |  |  |  |  |  |  |  |
mattress fabrics |  | $ | 9,666 |  |  |  | 10,454 |  |  |  | 4,380 |
upholstery fabrics |  |  | 626 |  |  |  | 468 |  |  |  | 827 |
unallocated corporate |  |  | 416 |  |  |  | 252 |  |  |  | 103 |
|  | $ | 10,708 |  |  |  | 11,174 |  |  |  | 5,310 |
depreciation expense |  |  |  |  |  |  |  |  |  |  |  |
mattress fabrics |  | $ | 5,837 |  |  |  | 5,034 |  |  |  | 4,694 |
upholstery fabrics |  |  | 834 |  |  |  | 739 |  |  |  | 618 |
total segment depreciation expense |  | $ | 6,671 |  |  |  | 5,773 |  |  |  | 5,312 |
(1) | Current assets represent accounts receivable and inventory.
(2) | The $37.5 million at May 1, 2016, represents property, plant, and equipment located in the U.S. of $24.8 million and located in Canada of $12.7 million.
(3) | The $33.8 million at May 3, 2015, represents property, plant, and equipment located in the U.S. of $23.8 million and located in Canada of $10.0 million.
(4) | 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.
(5) | The $1.6 million at May 1, 2016, represents property, plant, and equipment located in the U.S. of $893 and located in China of $671.
(6) | The $1.5 million at May 3, 2015, represents property, plant, and equipment located in the U.S. of $848 and located in China of $619.
(7) | The $1.6 million at April 27, 2014, represents property, plant, and equipment located in the U.S. of $957, China of $572, and located in Poland of $44.
(8) | The $929, $838, and $763 balance at May 1, 2016, May 3, 2015, and April 27, 2014, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments.
(9) | Capital expenditure amounts are stated on an accrual basis. See Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration