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INCOME TAXES (Tables) | 12 Months Ended
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Apr. 29, 2018
Income Tax Disclosure [Abstract] |
Schedule of Allocation of Income Tax Expense | Total income tax expense was allocated as follows:
(dollars in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
income from operations |  | $ | 5,740 |  |  |  | 7,339 |  |  |  | 10,963 |
shareholders’ equity, related to the tax benefit arising from stock based compensation |  |  | — |  |  |  | (657 | ) |  |  | (841 | )
|  | $ | 5,740 |  |  |  | 6,682 |  |  |  | 10,122 |
Schedule of Income Tax Expense Attributable to Income from Operations | Income tax expense attributable to income from operations consists of:
(dollars in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
current |  |  |  |  |  |  |  |  |  |  |  |
federal |  | $ | (1,367 | ) |  |  | 109 |  |  |  | — |
state |  |  | 9 |  |  |  | 13 |  |  |  | 6 |
2017 Tax Cuts and Jobs Act |  |  | 4,854 |  |  |  | — |  |  |  | — |
foreign |  |  | 4,726 |  |  |  | 5,981 |  |  |  | 6,765 |
foreign – reversal of uncertain tax position |  |  | — |  |  |  | (3,431 | ) |  |  | — |
|  |  | 8,222 |  |  |  | 2,672 |  |  |  | 6,771 |
deferred |  |  |  |  |  |  |  |  |  |  |  |
federal |  |  | 4,295 |  |  |  | 404 |  |  |  | (1,205 | )
state |  |  | 112 |  |  |  | 54 |  |  |  | 305 |
2017 Tax Cuts and Jobs Act (1) |  |  | (6,903 | ) |  |  | — |  |  |  | — |
undistributed earnings – foreign subsidiaries |  |  | (195 | ) |  |  | (101 | ) |  |  | (1,129 | )
U.S. operating loss carryforwards |  |  | — |  |  |  | 3,630 |  |  |  | 5,467 |
foreign |  |  | 93 |  |  |  | 734 |  |  |  | 1,086 |
valuation allowance (1) |  |  | 116 |  |  |  | (54 | ) |  |  | (332 | )
|  |  | (2,482 | ) |  |  | 4,667 |  |  |  | 4,192 |
|  | $ | 5,740 |  |  |  | 7,339 |  |  |  | 10,963 |
(1) | The income tax benefit of $6,903 includes a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that are more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act.
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) |  | 2018 |  |  | 2017 |  |  | 2016 |
Foreign |  |  |  |  |  |  |  |  |  |  |  |
China |  | $ | 11,036 |  |  |  | 13,650 |  |  |  | 14,130 |
Canada |  |  | 5,985 |  |  |  | 4,918 |  |  |  | 3,647 |
Poland |  |  | — |  |  |  | (19 | ) |  |  | (62 | )
Cayman Islands |  |  | 339 |  |  |  | 154 |  |  |  | — |
Total Foreign |  |  | 17,360 |  |  |  | 18,703 |  |  |  | 17,715 |
United States |  |  | 9,523 |  |  |  | 10,993 |  |  |  | 10,183 |
|  | $ | 26,883 |  |  |  | 29,696 |  |  |  | 27,898 |
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:
|  | 2018 |  |  | 2017 |  |  | 2016 |
federal income tax rate |  |  | 30.4 | % |  |  | 34.0 | % |  |  | 34.0 | %
tax effects of the 2017 Tax Cuts and Jobs Act |  |  | (7.6 | ) |  |  | — |  |  |  | — |
tax effects of Chinese foreign exchange (losses) gains |  |  | (2.8 | ) |  |  | 1.6 |  |  |  | 4.4 |
reversal of foreign uncertain income tax position |  |  | — |  |  |  | (11.6 | ) |  |  | — |
tax effects of stock-based compensation |  |  | (1.8 | ) |  |  | — |  |  |  | — |
undistributed earnings from foreign subsidiaries |  |  | 3.7 |  |  |  | — |  |  |  | — |
other |  |  | (0.5 | ) |  |  | 0.7 |  |  |  | 0.9 |
|  |  | 21.4 | % |  |  | 24.7 | % |  |  | 39.3 | %
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) |  | 2018 |  |  | 2017 |
deferred tax assets: |  |  |  |  |  |  |  |
accounts receivable |  | $ | 316 |  |  |  | 447 |
inventories |  |  | 2,217 |  |  |  | 2,196 |
compensation |  |  | 3,438 |  |  |  | 6,222 |
liabilities and other |  |  | 117 |  |  |  | 890 |
foreign income tax credits – U.S. |  |  | 5,720 |  |  |  | 44,917 |
alternative minimum tax credit – U.S. |  |  | — |  |  |  | 1,428 |
property, plant and equipment (1) |  |  | 226 |  |  |  | 245 |
loss carryforwards – U.S. |  |  | 2,513 |  |  |  | 3,842 |
loss carryforwards – foreign |  |  | 76 |  |  |  | 73 |
unrecognized tax benefits – U.S. |  |  | — |  |  |  | (3,842 | )
valuation allowances |  |  | (5,204 | ) |  |  | (536 | )
total deferred tax assets |  |  | 9,419 |  |  |  | 55,882 |
deferred tax liabilities: |  |  |  |  |  |  |  |
undistributed earnings on foreign subsidiaries |  |  | (4,256 | ) |  |  | (43,978 | )
unrecognized tax benefits – U.S. |  |  | (380 | ) |  |  | (7,936 | )
property, plant and equipment (2) |  |  | (4,352 | ) |  |  | (5,546 | )
goodwill |  |  | (1,046 | ) |  |  | (1,478 | )
other |  |  | (77 | ) |  |  | (118 | )
total deferred tax liabilities |  |  | (10,111 | ) |  |  | (59,056 | )
Net deferred liabilities |  | $ | (692 | ) |  |  | (3,174 | )
(1) | Pertains to the company’s operations located in China.
(2) | Pertains to the company’s operations located in the U.S. and Canada.
Summary of Valuation Allowances Against Deferred Income Taxes | valuation allowances against our deferred income taxes pertain to the following jurisdictions:
(dollars in thousands) |  | April 29, 2018 |  |  | April 30, 2017 |
U.S. foreign income tax credits |  | $ | 4,550 |  |  |  | — |
U.S. state loss carryforwards and credits |  |  | 578 |  |  |  | 464 |
Polish loss carryforwards |  |  | 76 |  |  |  | 72 |
|  | $ | 5,204 |  |  |  | 536 |
Summary of Change in Valuation Allowances Against Deferred Income Taxes | A summary of the change in the valuation allowances against our deferred income taxes follows:
(dollars in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
beginning balance |  | $ | 536 |  |  |  | 590 |  |  |  | 922 |
establishment of valuation allowance (1) |  |  | 4,550 |  |  |  | — |  |  |  | — |
change in estimate (2) |  |  | 118 |  |  |  | (54 | ) |  |  | (332 | )
ending balance |  | $ | 5,204 |  |  |  | 536 |  |  |  | 590 |
(1) | The establishment of this valuation allowance pertains to U.S. foreign tax credits that are more-likely-than not to be realized as a result of the Tax Act.
(2) | Amounts pertain to a change in estimate of the recoverability of certain deferred income tax assets as of the end of the respective prior fiscal year.
Schedule of Unrecognized Tax Benefit | The following table sets forth the change in the company’s unrecognized income tax benefit:
(dollars in thousands) |  | 2018 |  |  | 2017 |  |  | 2016 |
beginning balance |  | $ | 12,245 |  |  |  | 14,897 |  |  |  | 14,141 |
increases from prior period tax positions |  |  | 350 |  |  |  | 854 |  |  |  | 454 |
decreases from prior period tax positions (1) |  |  | (11,751 | ) |  |  | (3,506 | ) |  |  | (77 | )
increases from current period tax positions |  |  | — |  |  |  | — |  |  |  | 379 |
ending balance |  | $ | 844 |  |  |  | 12,245 |  |  |  | 14,897 |
(1) | The $11.8 million reduction in our unrecognized income tax benefits during fiscal 2018 is mostly associated with the reduction in our U.S. Federal income tax rate pursuant to the Tax Act on the effective settlement on an IRS exam. The $3.5 million reduction in our unrecognized income tax benefits during fiscal 2017 is due to a lapse of applicable statute of limitations in a foreign jurisdiction.

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