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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jul. 29, 2018
Apr. 29, 2018
 [1]
Jul. 30, 2017
Current assets:      
Cash and cash equivalents $ 8,593 $ 21,228 $ 18,322
Short-term investments-Available for Sale   2,451 2,469
Short-term investments-Held-To-Maturity 30,756 25,759  
Accounts receivable, net 23,225 26,307 22,140
Inventories 54,989 53,454 55,227
Other current assets 3,852 2,870 3,441
Total current assets 121,415 132,069 101,599
Property, plant and equipment, net 53,178 51,794 52,912
Goodwill 27,222 13,569 11,462
Deferred income taxes 3,721 1,458 436
Long-term investments-Held-To-Maturity   5,035 30,907
Long-term investments-Rabbi Trust 7,671 7,326 6,714
Investment in unconsolidated joint venture 1,525 1,501 1,477
Other assets 11,640 5,232 2,397
Total assets 226,372 217,984 207,904
Current liabilities:      
Accounts payable-trade 25,070 27,237 29,112
Accounts payable-capital expenditures 862 1,776 5,647
Deferred revenue 634 809  
Accrued expenses 8,176 9,325 6,075
Accrued restructuring costs 445    
Income taxes payable-current 1,244 1,437 884
Total current liabilities 36,431 40,584 41,718
Line of credit 4,000   5,000
Accrued expenses-long-term 749 763  
Contingent consideration-earn-out obligation 5,600    
Income taxes payable-long-term 3,733 3,758 487
Deferred income taxes 2,150 2,150 4,253
Deferred compensation 7,679 7,353 6,769
Total liabilities 60,342 54,608 58,227
Commitments and Contingencies (Notes 12 and 21)
Shareholders' equity      
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,522,246 at July 29, 2018; 12,441,161 at July 30, 2017; and 12,450,276 at April 29, 2018 627 623 622
Capital contributed in excess of par value 46,334 48,203 47,038
Accumulated earnings 114,465 114,635 101,977
Accumulated other comprehensive income (loss) 64 (85) 40
Total shareholders' equity attributable to Culp Inc. 161,490 163,376 149,677
Non-controlling interest 4,540    
Total equity 166,030 163,376 149,677
Total liabilities and shareholders' equity $ 226,372 $ 217,984 $ 207,904
[1] Derived from audited financial statements.