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INCOME TAXES (Tables) | 12 Months Ended
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Apr. 30, 2017
Income Tax Disclosure [Abstract] |
Schedule of Allocation of Income Tax Expense | Total income tax expense was allocated as follows:
(dollars in thousands) |  |  | 2017 |  |  | 2016 |  |  | 2015 |
income from operations |  | $ | 7,339 |  |  |  | 10,963 |  |  |  | 7,885 |
shareholders’ equity, related to the tax benefit arising from stock based compensation |  |  | (657 | ) |  |  | (841 | ) |  |  | (109 | )
|  | $ | 6,682 |  |  |  | 10,122 |  |  |  | 7,776 |
Schedule of Income Tax Expense Attributable to Income from Operations | Income tax expense attributable to income from operations consists of:
(dollars in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
current |  |  |  |  |  |  |  |  |
federal |  | $ | 109 |  |  |  | - |  |  |  | - |
state |  |  | 13 |  |  |  | 6 |  |  |  | (7 | )
foreign |  |  | 5,981 |  |  |  | 6,765 |  |  |  | 4,713 |
foreign – reversal of uncertain tax position |  |  | (3,431 | ) |  |  | - |  |  |  | - |
|  |  | 2,672 |  |  |  | 6,771 |  |  |  | 4,706 |
deferred |  |  |  |  |  |  |  |  |  |  |  |
federal |  |  | 404 |  |  |  | (1,205 | ) |  |  | (849 | )
state |  |  | 54 |  |  |  | 305 |  |  |  | (52 | )
undistributed earnings – foreign subsidiaries |  |  | (101 | ) |  |  | (1,129 | ) |  |  | (260 | )
U.S. operating loss carryforwards |  |  | 3,630 |  |  |  | 5,467 |  |  |  | 4,487 |
foreign |  |  | 734 |  |  |  | 1,086 |  |  |  | (92 | )
valuation allowance |  |  | (54 | ) |  |  | (332 | ) |  |  | (55 | )
|  |  | 4,667 |  |  |  | 4,192 |  |  |  | 3,179 |
|  | $ | 7,339 |  |  |  | 10,963 |  |  |  | 7,885 |
Schedule of Income (Loss) before Income Taxes Related to Foreign and U.S. Operations | Income (loss) before income taxes related to our foreign and U.S. operations consists of:
(dollars in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Foreign: |  |  |  |  |  |  |  |  |  |  |  |
China |  | $ | 13,650 |  |  |  | 14,130 |  |  |  | 12,531 |
Canada |  |  | 4,918 |  |  |  | 3,647 |  |  |  | 2,695 |
Poland |  |  | (19 | ) |  |  | (62 | ) |  |  | (260 | )
Cayman Islands |  |  | 154 |  |  |  | - |  |  |  | - |
Total Foreign |  |  | 18,703 |  |  |  | 17,715 |  |  |  | 14,966 |
United States |  |  | 10,993 |  |  |  | 10,183 |  |  |  | 7,990 |
|  | $ | 29,696 |  |  |  | 27,898 |  |  |  | 22,956 |
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate | The following schedule summarizes the principal differences between the income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements:
|  | 2017 |  |  | 2016 |  |  | 2015 |
federal income tax rate |  |  | 34.0 | % |  |  | 34.0 | % |  |  | 34.0 | %
tax effects of Chinese foreign exchange gains |  |  | 1.6 |  |  |  | 4.4 |  |  |  | 0.3 |
change in valuation allowance |  |  | (0.2 | ) |  |  | (1.2 | ) |  |  | (0.2 | )
change in North Carolina income tax rates |  |  | - |  |  |  | 0.7 |  |  |  | - |
reversal of foreign uncertain income tax position |  |  | (11.6 | ) |  |  | - |  |  |  | - |
other |  |  | 0.9 |  |  |  | 1.4 |  |  |  | 0.2 |
|  |  | 24.7 | % |  |  | 39.3 | % |  |  | 34.3 | %
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following:
(dollars in thousands) |  | 2017 |  |  | 2016 |
deferred tax assets: |  |  |  |  |  |
accounts receivable |  | $ | 447 |  |  |  | 545 |
inventories |  |  | 2,196 |  |  |  | 2,660 |
compensation |  |  | 6,222 |  |  |  | 5,311 |
liabilities and other |  |  | 890 |  |  |  | 1,173 |
foreign income tax credits - U.S. |  |  | 1,436 |  |  |  | 1,436 |
alternative minimum tax credit - U.S. |  |  | 1,428 |  |  |  | 1,320 |
property, plant and equipment (1) |  |  | 245 |  |  |  | 326 |
loss carryforwards – U.S. |  |  | 3,842 |  |  |  | 6,888 |
loss carryforwards – foreign |  |  | 73 |  |  |  | 147 |
unrecognized tax benefits – U.S. |  |  | (3,842 | ) |  |  | (6,888 | )
valuation allowances |  |  | (536 | ) |  |  | (590 | )
total deferred tax assets |  |  | 12,401 |  |  |  | 12,328 |
deferred tax liabilities: |  |  |  |  |  |  |  |
undistributed earnings on foreign subsidiaries |  |  | (497 | ) |  |  | (604 | )
unrecognized tax benefits – U.S. |  |  | (7,936 | ) |  |  | (4,168 | )
property, plant and equipment (2) |  |  | (5,546 | ) |  |  | (5,210 | )
goodwill |  |  | (1,478 | ) |  |  | (1,325 | )
other |  |  | (118 | ) |  |  | (185 | )
total deferred tax liabilities |  |  | (15,575 | ) |  |  | (11,492 | )
Net deferred tax (liability) asset |  | $ | (3,174 | ) |  |  | 836 |
(1) Pertains to the company’s operations located in China. (2) Pertains to the company’s operations located in the U.S. and Canada.
Schedule of Unrecognized Tax Benefit | The following table sets forth the change in the company’s unrecognized tax benefit:
(dollars in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
beginning balance |  | $ | 14,897 |  |  |  | 14,141 |  |  |  | 13,740 |
increases from prior period tax positions |  |  | 854 |  |  |  | 454 |  |  |  | 588 |
decreases from prior period tax positions |  |  | (3,506 | )** |  |  | (77 | ) |  |  | (187 | )
increases from current period tax positions |  |  | - |  |  |  | 379 |  |  |  | - |
ending balance |  | $ | 12,245 |  |  |  | 14,897 |  |  |  | 14,141 |
** Amount includes a reduction to unrecognized tax benefits of $3,431 resulting from a lapse of the applicable statute of limitations.

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