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CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands | Total | Common Stock | Capital Contributed in Excess of Par Value | Accumulated Earnings | Accumulated Other Comprehensive (Loss) Income | Shareholders' equity attributable to Culp Inc. | Non-Controlling Interest
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Apr. 30, 2017 | [1] | $ 148,630 | $ 618 | $ 47,415 | $ 100,601 | $ (4) | $ 148,630 |
Balance (in shares) at Apr. 30, 2017 | [1] |  | 12,356,631 |  |  |  |  |
Net income |  | 4,984 |  |  |  |  |  |
Unrealized gain on investments |  | 44 |  |  |  |  |  |
Balance at Jul. 30, 2017 |  | 149,677 |  |  |  |  |  |
Balance at Apr. 30, 2017 | [1] | 148,630 | $ 618 | 47,415 | 100,601 | (4) | 148,630 |
Balance (in shares) at Apr. 30, 2017 | [1] |  | 12,356,631 |  |  |  |  |
Net income |  | 20,877 |  |  | 20,877 |  | 20,877 |
Stock-based compensation |  | 2,212 |  | 2,212 |  |  | 2,212 |
Unrealized gain on foreign currency cash flow hedge |  | (55) |  |  |  | (55) | (55) |
Unrealized gain on investments |  | (26) |  |  |  | (26) | (26) |
Common stock issued in connection with vesting of performance based restricted stock units |  |  | $ 6 | (6) |  |  |  |
Common stock issued in connection with vesting of performance based restricted stock units (in shares) |  |  | 118,845 |  |  |  |  |
Fully vested common stock award |  |  | 4,800 |  |  |  |  |
Common stock issued in connection with vesting of time-based restricted stock units (in shares) |  |  | 1,200 |  |  |  |  |
Common stock issued in connection with exercise of stock options |  | 111 | $ 1 | 110 |  |  | 111 |
Common stock issued in connection with exercise of stock options (in shares) |  |  | 15,600 |  |  |  |  |
Common stock surrendered for the cost of stock option exercises and withholding taxes payable |  | (1,530) | $ (2) | (1,528) |  |  | (1,530) |
Common stock surrendered for the cost of stock option exercises and withholding taxes payable (in shares) |  |  | (46,800) |  |  |  |  |
Dividends paid |  | (6,843) |  |  | (6,843) |  | (6,843) |
Balance at Apr. 29, 2018 | [1] | 163,376 | $ 623 | 48,203 | 114,635 | (85) | 163,376 |
Balance (in shares) at Apr. 29, 2018 | [1] |  | 12,450,276 |  |  |  |  |
Net income |  | 965 |  |  | 957 |  | 957 | $ 8
Acquisition of subsidiary with non-controlling interest |  | 4,532 |  |  |  |  |  | 4,532
Stock-based compensation |  | (501) |  | (501) |  |  | (501) |
Unrealized gain on foreign currency cash flow hedge |  | 15 |  |  |  | 15 | 15 |
Unrealized gain on investments |  | 134 |  |  |  | 134 | 134 |
Common stock issued in connection with vesting of performance based restricted stock units |  |  | $ 6 | (6) |  |  |  |
Common stock issued in connection with vesting of performance based restricted stock units (in shares) |  |  | 115,917 |  |  |  |  |
Common stock issued in connection with vesting of time-based restricted stock units (in shares) |  |  | 1,200 |  |  |  |  |
Common stock surrendered for the cost of stock option exercises and withholding taxes payable |  | (1,292) | $ (2) | (1,290) |  |  | (1,292) |
Common stock surrendered for the cost of stock option exercises and withholding taxes payable (in shares) |  |  | (42,157) |  |  |  |  |
Common stock repurchased |  | (72) |  | (72) |  |  | (72) |
Common stock repurchased (in shares) |  |  | (2,990) |  |  |  |  |
Dividends paid |  | (1,127) |  |  | (1,127) |  | (1,127) |
Balance at Jul. 29, 2018 |  | $ 166,030 | $ 627 | $ 46,334 | $ 114,465 | $ 64 | $ 161,490 | $ 4,540
Balance (in shares) at Jul. 29, 2018 |  |  | 12,522,246 |  |  |  |  |
[1] | Derived from audited financial statements.

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