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Segment Information (Tables) | 9 Months Ended
--- | ---
Jan. 31, 2016
Segment Reporting [Abstract] |
Schedule of Operating Segments Information | Financial information for the company’s operating segments follows:
|  | Three months ended |
(dollars in thousands) |  | January 31, 2016 |  |  | February 1, 2015 |
Net sales: |  |  |  |  |  |
Mattress Fabrics |  | $ | 44,277 |  |  | $ | 45,683 |
Upholstery Fabrics |  |  | 34,189 |  |  |  | 35,586 |
|  | $ | 78,466 |  |  | $ | 81,269 |
Gross profit: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 8,751 |  |  | $ | 8,076 |
Upholstery Fabrics |  |  | 7,812 |  |  |  | 6,326 |
|  | $ | 16,563 |  |  | $ | 14,402 |
Selling, general, and administrative expenses: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 2,953 |  |  | $ | 2,853 |
Upholstery Fabrics |  |  | 3,963 |  |  |  | 3,781 |
Total segment selling, general, and |  |  |  |  |  |  |  |
administrative expenses |  |  | 6,916 |  |  |  | 6,634 |
Unallocated corporate expenses |  |  | 2,421 |  |  |  | 1,741 |
|  | $ | 9,337 |  |  | $ | 8,375 |
Income from operations: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 5,798 |  |  | $ | 5,223 |
Upholstery Fabrics |  |  | 3,849 |  |  |  | 2,545 |
Total segment income from operations |  |  | 9,647 |  |  |  | 7,768 |
Unallocated corporate expenses |  |  | (2,421 | ) |  |  | (1,741 | )
Total income from operations |  |  | 7,226 |  |  |  | 6,027 |
Interest income |  |  | 38 |  |  |  | 202 |
Other expense |  |  | (85 | ) |  |  | (307 | )
Income before income taxes |  | $ | 7,179 |  |  | $ | 5,922 |
Financial information for the company’s operating segments follows:
|  | Nine months ended |
(dollars in thousands) |  | January 31, 2016 |  |  | February 1, 2015 |
Net sales: |  |  |  |  |  |
Mattress Fabrics |  | $ | 137,522 |  |  | $ | 131,543 |
Upholstery Fabrics |  |  | 98,085 |  |  |  | 99,777 |
|  | $ | 235,607 |  |  | $ | 231,320 |
Gross profit: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 28,133 |  |  | $ | 22,603 |
Upholstery Fabrics |  |  | 20,365 |  |  |  | 16,792 |
|  | $ | 48,498 |  |  | $ | 39,395 |
Selling, general, and administrative expenses: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 8,865 |  |  | $ | 8,019 |
Upholstery Fabrics |  |  | 11,372 |  |  |  | 10,518 |
Total segment selling, general, and |  |  |  |  |  |  |  |
administrative expenses |  |  | 20,237 |  |  |  | 18,537 |
Unallocated corporate expenses |  |  | 7,275 |  |  |  | 4,636 |
|  | $ | 27,512 |  |  | $ | 23,173 |
Income from operations: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 19,267 |  |  | $ | 14,584 |
Upholstery Fabrics |  |  | 8,994 |  |  |  | 6,274 |
Total segment income from operations |  |  | 28,261 |  |  |  | 20,858 |
Unallocated corporate expenses |  |  | (7,275 | ) |  |  | (4,636 | )
Total income from operations |  |  | 20,986 |  |  |  | 16,222 |
Interest expense |  |  | - |  |  |  | (50 | )
Interest income |  |  | 150 |  |  |  | 478 |
Other expense |  |  | (405 | ) |  |  | (380 | )
Income before income taxes |  | $ | 20,731 |  |  | $ | 16,270 |
Balance sheet information for the company’s operating segments follow:
(dollars in thousands) |  | January 31, 2016 |  |  | February 1, 2015 |  |  | May 3, 2015 |
Segment assets: |  |  |  |  |  |  |  |  |
Mattress Fabrics |  |  |  |  |  |  |  |  |
Current assets (1) |  | $ | 44,309 |  |  | $ | 36,658 |  |  | $ | 41,328 |
Non-compete agreement |  |  | 922 |  |  |  | 998 |  |  |  | 979 |
Customer relationships |  |  | 728 |  |  |  | 779 |  |  |  | 766 |
Goodwill |  |  | 11,462 |  |  |  | 11,462 |  |  |  | 11,462 |
Property, plant and equipment (2) |  |  | 35,637 |  |  |  | 33,046 |  |  |  | 33,773 |
Total mattress fabrics assets |  |  | 93,058 |  |  |  | 82,943 |  |  |  | 88,308 |
Upholstery Fabrics |  |  |  |  |  |  |  |  |  |  |  |
Current assets (1) |  |  | 30,960 |  |  |  | 32,129 |  |  |  | 29,905 |
Property, plant and equipment (3) |  |  | 1,590 |  |  |  | 1,522 |  |  |  | 1,467 |
Total upholstery fabrics assets |  |  | 32,550 |  |  |  | 33,651 |  |  |  | 31,372 |
Total segment assets |  |  | 125,608 |  |  |  | 116,594 |  |  |  | 119,680 |
Non-segment assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 31,713 |  |  |  | 28,772 |  |  |  | 29,725 |
Short-term investments |  |  | 4,259 |  |  |  | 8,384 |  |  |  | 10,004 |
Deferred income taxes |  |  | 4,312 |  |  |  | 5,020 |  |  |  | 5,169 |
Income taxes receivable |  |  | 23 |  |  |  | 104 |  |  |  | 229 |
Other current assets |  |  | 2,331 |  |  |  | 2,992 |  |  |  | 2,440 |
Property, plant and equipment (4) |  |  | 930 |  |  |  | 701 |  |  |  | 838 |
Long-term investments |  |  | 3,590 |  |  |  | 2,063 |  |  |  | 2,415 |
Other assets |  |  | 785 |  |  |  | 728 |  |  |  | 800 |
Total assets |  | $ | 173,551 |  |  | $ | 165,358 |  |  | $ | 171,300 |
|  | Nine months ended |
(dollars in thousands) |  | January 31, 2016 |  |  | February 1, 2015 |
Capital expenditures (5): |  |  |  |  |  |
Mattress Fabrics |  | $ | 6,215 |  |  | $ | 8,232 |
Upholstery Fabrics |  |  | 481 |  |  |  | 390 |
Unallocated Corporate |  |  | 381 |  |  |  | 62 |
Total capital expenditures |  | $ | 7,077 |  |  | $ | 8,684 |
Depreciation expense: |  |  |  |  |  |  |  |
Mattress Fabrics |  | $ | 4,273 |  |  | $ | 3,692 |
Upholstery Fabrics |  |  | 615 |  |  |  | 552 |
Total depreciation expense |  | $ | 4,888 |  |  | $ | 4,244 |
(1) | Current assets represent accounts receivable and inventory for the respective segment.
(2) | The $35.6 million at January 31, 2016, represents property, plant, and equipment of $23.0 million and $12.6 million located in the U.S. and Canada, respectively. 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 $33.8 million at May 3, 2015, represents property, plant, and equipment of $23.8 million and $10.0 million located in the U.S. and Canada, respectively.
(3) | The $1.6 million at January 31, 2016, represents property, plant, and equipment of $860 and $730 located in the U.S. and China, respectively. 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 $1.5 million at May 3, 2015, represents property, plant, and equipment of $848 and $619 located in the U.S. and China, respectively.
(4) | The $930, $701, and $838 at January 31, 2016, February 1, 2015 and May 3, 2015, 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.

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- 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
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