Financial information for the company’s operating segments follows:


	Three months ended
	January 28, 2018			January 29, 2017
Net sales:
Mattress Fabrics	$	49,042		$	45,920
Upholstery Fabrics		36,268			30,249

	$	85,310		$	76,169

Gross profit:
Mattress Fabrics	$	10,146		$	9,758
Upholstery Fabrics		7,457			7,001

	$	17,603		$	16,759

Selling, general, and administrative expenses
Mattress Fabrics	$	3,309		$	3,391
Upholstery Fabrics		3,947			3,901

Total segment selling, general, and administrative expenses		7,256			7,292
Unallocated corporate expenses		2,703			2,532

	$	9,959		$	9,824

Income from operations:
Mattress Fabrics	$	6,837		$	6,367
Upholstery Fabrics		3,510			3,100

Total segment income from operations		10,347			9,467
Unallocated corporate expenses		(2,703	)		(2,532	)

Total income from operations		7,644			6,935
Interest expense		(31	)		—
Interest income		132			124
Other expense		(229	)		(69	)

Income before income taxes	$	7,516		$	6,990


	Nine months ended
(dollars in thousands)	January 28, 2018			January 29, 2017
Net sales:
Mattress Fabrics	$	146,072		$	141,977
Upholstery Fabrics		99,469			90,217

	$	245,541		$	232,194

Gross profit:
Mattress Fabrics	$	29,641		$	32,414
Upholstery Fabrics		20,232			19,665

	$	49,873		$	52,079

Selling, general, and administrative expenses:
Mattress Fabrics	$	9,868		$	10,185
Upholstery Fabrics		11,458			11,086

Total segment selling, general, and administrative expenses		21,326			21,271
Unallocated corporate expenses		7,550			7,900

	$	28,876		$	29,171

Income from operations:
Mattress Fabrics	$	19,774		$	22,229
Upholstery Fabrics		8,773			8,579

Total segment income from operations		28,547			30,808
Unallocated corporate expenses		(7,550	)		(7,900	)

Total income from operations		20,997			22,908
Interest expense		(69	)		—
Interest income		391			164
Other expense		(903	)		(376	)

Income before income taxes	$	20,416		$	22,696

Balance sheet information for the company’s operating segments follows:


(dollars in thousands)	January 28, 2018		January 29, 2017		April 30, 2017
Segment assets:
Mattress Fabrics
Current assets (1)	$	42,195	$	41,498	$	47,038
Non-compete agreement		772		847		828
Customer relationships		625		677		664
Investment in unconsolidated joint venture		1,518		600		1,106
Goodwill		11,462		11,462		11,462
Property, plant and equipment (2)		49,289		47,755		48,916

Total mattress fabrics assets		105,861		102,839		110,014

Upholstery Fabrics
Current assets (1)		39,553		27,421		29,021
Property, plant and equipment (3)		2,101		1,826		1,879

Total upholstery fabrics assets		41,654		29,247		30,900

Total segment assets		147,515		132,086		140,914
Non-segment assets:
Cash and cash equivalents		22,428		15,659		20,795
Short-term investments (Available for Sale)		2,472		2,410		2,443
Short-term investments (Held-to-Maturity)		17,206		—		—
Deferred income taxes		1,942		422		419
Other current assets		3,114		2,514		2,894
Property, plant and equipment (4)		448		752		856
Long-term investments (Held-to-Maturity)		13,625		30,832		30,945
Long-term investments (Rabbi Trust)		7,176		5,488		5,466
Other assets		918		893		902

Total assets	$	216,844	$	191,056	$	205,634


	Nine months ended
(dollars in thousands)	January 28, 2018		January 29, 2017
Capital expenditures (5):
Mattress Fabrics	$	5,445	$	14,957
Upholstery Fabrics		379		645
Unallocated Corporate		47		72

Total capital expenditures	$	5,871	$	15,674

Depreciation expense:
Mattress Fabrics	$	5,068	$	4,673
Upholstery Fabrics		611		631

Total depreciation expense	$	5,679	$	5,304

(1)	Current assets represent accounts receivable and inventory for the respective segment.

(2)

The $49.3 million at January 28, 2018, represents property, plant, and equipment of $35.6 million and $13.7 million located in the U.S. and Canada, respectively. The $47.8 million at January 29, 2017, represents property, plant, and equipment of $32.6 million and $15.2 million located in the U.S. and Canada, respectively. The $48.9 million at April 30, 2017, represents property, plant, and equipment of $34.0 million and $14.9 million located in the U.S. and Canada, respectively.

(3)

The $2.1 million at January 28, 2018, represents property, plant, and equipment of $1.4 million and $711 located in the U.S. and China, respectively. The $1.8 million at January 29, 2017, represents property, plant, and equipment of $1.1 million and $711 located in the U.S. and China, respectively. The $1.9 million at April 30, 2017, represents property, plant, and equipment of $1.2 million and $655 located in the U.S. and China, respectively.

(4)

The $448, $752, and $856 at January 28, 2018, January 29, 2017 and April 30, 2017, 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 our corporate departments 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.