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SELECTED QUARTERLY DATA (UNAUDITED)

12 Months Ended

May 01, 2016

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY DATA (UNAUDITED)

SELECTED QUARTERLY DATA (UNAUDITED)
		fiscal				fiscal				fiscal				fiscal				fiscal				fiscal				fiscal				fiscal
		2016				2016				2016				2016				2015				2015				2015				2015
(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		$	77,253				78,466				76,956				80,185				78,846				81,269				73,991				76,060
cost of sales			60,640				61,903				61,223				63,983				62,674				66,867				61,713				63,345
gross profit			16,613				16,563				15,733				16,202				16,172				14,402				12,278				12,715
selling, general and administrative expenses			9,261				9,337				9,433				8,741				9,605				8,375				7,379				7,419
income from operations			7,352				7,226				6,300				7,461				6,567				6,027				4,899				5,296
interest expense			-				-				-				24				15				-				-				68
interest income			(26	)			(38	)			(69	)			(66	)			(143	)			(202	)			(153	)			(142	)
other expense (income)			211				85				225				95				10				307				162				(89	)
income before income taxes			7,167				7,179				6,144				7,408				6,685				5,922				4,890				5,459
income taxes			3,566				2,317				2,373				2,707				1,772				2,110				1,889				2,115
net income		$	3,601				4,862				3,771				4,701				4,913				3,812				3,001				3,344
depreciation		$	1,782				1,705				1,629				1,555				1,528				1,432				1,414				1,399
weighted average shares outstanding			12,257				12,331				12,343				12,277				12,219				12,219				12,218				12,212
weighted average shares outstanding,
assuming dilution			12,434				12,486				12,484				12,456				12,440				12,417				12,401				12,404
PER SHARE DATA
net income per share - basic		$	0.29				0.39				0.31				0.38				0.40				0.31				0.25				0.27
net income per share - diluted			0.29				0.39				0.30				0.38				0.39				0.31				0.24				0.27
dividends per share			0.07				0.07				0.06				0.46				0.06				0.06				0.05				0.45
book value			10.50				10.21				9.96				9.62				9.77				9.41				9.14				8.93
BALANCE SHEET DATA
operating working capital (3)		$	45,794				49,288				43,303				43,405				41,829				39,371				37,645				41,265
property, plant and equipment, net			39,973				38,157				38,319				37,480				36,078				35,269				33,204				31,891
total assets			175,142				173,551				168,947				166,880				171,300				165,358				156,162				154,219
capital expenditures			3,631				1,542				2,575				2,960				2,490				3,696				2,728				2,260
dividends paid			859				864				741				5,676				733				733				611				5,502
long-term debt, current maturities of long-term debt, and line of credit (1)			-				-				-				2,200				2,200				2,200				2,200				4,969
shareholders' equity			128,812				125,074				122,975				118,725				119,427				114,972				111,674				109,147
capital employed (2)			90,357				90,983				88,297				90,593				83,225				81,645				79,430				83,148
RATIOS & OTHER DATA
gross profit margin			21.5	%			21.1	%			20.4	%			20.2	%			20.5	%			17.7	%			16.6	%			16.7	%
operating income margin			9.5				9.2				8.2				9.3				8.3				7.4				6.6				7.0
net income margin			4.7				6.2				4.9				5.9				6.2				4.7				4.1				4.4
effective income tax rate			49.8				32.3				38.6				36.5				26.5				35.6				38.6				38.7
Debt-to-total capital employed ratio (1)			0.0				0.0				0.0				2.4				2.6				2.7				2.8				6.0
operating working capital turnover (3)			7.0				7.2				7.7				7.7				7.7				7.5				7.2				7.1
days sales in receivables			28				31				28				29				33				32				31				31
inventory turnover			5.3				5.1				5.3				5.6				6.4				7.0				6.4				6.0
STOCK DATA
stock price
high		$	28.53				31.15				35.23				33.64				29.19				22.74				19.24				19.05
low			22.72				22.61				29.13				25.22				19.22				18.50				16.60				17.11
close			26.24				25.32				30.01				30.25				26.02				20.09				18.97				17.87
daily average trading volume (shares)			33.5				68.8				76.2				90.5				64.9				26.8				29.7				33.7
(1) Debt includes long-term debt, current maturities of long-term debt, and line of credit.
(2) Capital employed does not include cash and cash equivalents, short-term investments, long-term investments,
current maturities of long-term debt, long-term debt, line of credit, noncurrent deferred tax assets and liabilities,
income taxes receivable and payable, and deferred compensation.
(3) Operating working capital for this calculation is accounts receivable and inventories, offset by accounts payable-trade
accounts payable - capital expenditures.

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- References

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- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)-(j)
-URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 6
-Section G
-Subsection 1

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 302
-Paragraph a

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