Financial information for the company’s operating segments follows:


	Three months ended
	July 29, 2018			July 30, 2017
Net sales:
Mattress Fabrics	$	36,983		$	48,429
Upholstery Fabrics		34,490			31,104

	$	71,473		$	79,533

Gross profit:
Mattress Fabrics	$	5,971		$	9,760
Upholstery Fabrics		6,153			6,705

	$	12,124		$	16,465
Restructuring related charges (1)		(1,565	)		—

	$	10,559		$	16,465

Selling, general, and administrative expenses
Mattress Fabrics	$	3,148		$	3,391
Upholstery Fabrics		3,626			3,811

Total segment selling, general, and administrative expenses		6,774			7,202
Unallocated corporate expenses		1,259			2,299

	$	8,033		$	9,501

Income from operations:
Mattress Fabrics	$	2,823		$	6,368
Upholstery Fabrics		2,527			2,895

Total segment income from operations		5,350			9,263
Unallocated corporate expenses		(1,259	)		(2,299	)
Restructuring expense and related charges (2)		(2,016	)		—

Total income from operations		2,075			6,964
Interest expense		(20	)		—
Interest income		150			131
Other expense		(257	)		(353	)

Income before income taxes	$	1,948		$	6,742

(1)	The $1.6 million represents a restructuring related charge for inventory markdowns associated with the closing of our upholstery fabrics operation located in Anderson, SC.

(2)	The $2.0 million represents the $1.6 million restructuring related charge noted above and a restructuring charge of $451 for employee termination benefits associated with the closing of our upholstery fabrics operation located in Anderson, SC.

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


(dollars in thousands)	July 29, 2018		July 30, 2017		April 29, 2018
Segment assets:
Mattress Fabrics
Current assets (1)	$	45,085	$	46,750	$	43,935
Tradename		6,549		—		—
Non-compete agreement		734		809		753
Customer relationships		600		651		613
Investment in unconsolidated joint venture		1,525		1,477		1,501
Goodwill		25,115		11,462		11,462
Property, plant and equipment (2)		50,297		50,270		48,797

Total mattress fabrics assets		129,905		111,419		107,061

Upholstery Fabrics
Current assets (1)		33,129		30,617		35,826
Goodwill		2,107		—		2,107
Customer relationships		2,164		—		2,226
Tradename		683		—		683
Property, plant and equipment (3)		2,370		1,857		2,445

Total upholstery fabrics assets		40,453		32,474		43,287

Total segment assets		170,358		143,893		150,348
Non-segment assets:
Cash and cash equivalents		8,593		18,322		21,228
Short-term investments (Available for Sale)		—		2,469		2,451
Short-term investments (Held-to-Maturity)		30,756		—		25,759
Deferred income taxes		3,721		436		1,458
Other current assets		3,852		3,441		2,870
Property, plant and equipment (4)		511		785		552
Long-term investments (Held-to-Maturity)		—		30,907		5,035
Long-term investments (Rabbi Trust)		7,671		6,714		7,326
Other assets		910		937		957

Total assets	$	226,372	$	207,904	$	217,984


	Three months ended
(dollars in thousands)	July 29, 2018		July 30, 2017
Capital expenditures (5):
Mattress Fabrics	$	1,198	$	2,967
Upholstery Fabrics		57		85
Unallocated Corporate		—		16

Total capital expenditures	$	1,255	$	3,068

Depreciation expense:
Mattress Fabrics	$	1,800	$	1,612
Upholstery Fabrics		215		195

Total depreciation expense	$	2,015	$	1,807

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

(2)

The $50.3 million at July 29, 2018, represents property, plant, and equipment of $37.2 million and $13.1 million located in the U.S. and Canada, respectively. The $50.3 million at July 30, 2017, represents property, plant, and equipment of $35.8 million and $14.5 million located in the U.S. and Canada, respectively. The $48.8 million at April 29, 2018, represents property, plant, and equipment of $35.4 million and $13.4 million located in the U.S. and Canada, respectively.

(3)

The $2.4 million at July 29, 2018, represents property, plant, and equipment of $1.8 million and $616 located in the U.S. and China, respectively. The $1.9 million at July 30, 2017, represents property, plant, and equipment of $1.2 million and $684 located in the U.S. and China, respectively. The $2.4 million at April 29, 2018, represents property, plant, and equipment of $1.8 million and $661 located in the U.S. and China, respectively.

(4)

The $511, $785, and $552 at July 29, 2018, July 30, 2017 and April 29, 2018, 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 corporate 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.