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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Oct. 28, 2018
Apr. 29, 2018
Oct. 29, 2017
Current assets:      
Cash and cash equivalents $ 14,768 $ 21,228 [1] $ 15,739
Short-term investments - Available for Sale   2,451 [1] 2,478
Short-term investments - Held-To-Maturity 26,719 25,759 [1] 4,015
Accounts receivable, net 24,362 26,307 [1] 24,220
Inventories 50,601 53,454 [1] 50,209
Assets held for sale 237    
Other current assets 2,461 2,870 [1] 2,263
Total current assets 119,148 132,069 [1] 98,924
Property, plant and equipment, net 51,325 51,794 [1] 52,530
Goodwill 27,222 13,569 [1] 11,462
Intangible assets 10,636 4,275 [1] 1,428
Deferred income taxes 3,614 1,458 [1] 491
Long-term investments - Held-To-Maturity   5,035 [1] 26,853
Long-term investments - Rabbi Trust 7,851 7,326 [1] 6,921
Investment in unconsolidated joint venture 1,470 1,501 [1] 1,522
Other assets 945 957 [1] 912
Total assets 222,211 217,984 [1] 201,043
Current liabilities:      
Accounts payable-trade 24,007 27,237 [1] 24,600
Accounts payable - capital expenditures 114 1,776 [1] 3,209
Deferred revenue 649 809 [1]  
Accrued expenses 8,670 9,325 [1] 7,364
Accrued restructuring costs 260    
Deferred compensation 714    
Income taxes payable - current 2,044 1,437 [1] 692
Total current liabilities 36,458 40,584 [1] 35,865
Accrued expenses - long-term [1]   763  
Contingent consideration - earn-out obligation 5,706    
Income taxes payable - long-term 3,233 3,758 [1] 487
Deferred income taxes 2,225 2,150 [1] 4,641
Deferred compensation 7,120 7,353 [1] 6,970
Total liabilities 54,742 54,608 [1] 47,963
Commitments and Contingencies (Notes 13 and 22) [1]
Shareholders' equity      
Preferred stock, $0.05 par value, authorized 10,000,000 [1]
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,491,956 at October 28, 2018; 12,435,276 at October 29, 2017; and 12,450,276 at April 29, 2018 625 623 [1] 622
Capital contributed in excess of par value 45,959 48,203 [1] 47,441
Accumulated earnings 116,272 114,635 [1] 104,957
Accumulated other comprehensive income (loss) 62 (85) [1] 60
Total shareholders' equity attributable to Culp Inc. 162,918 163,376 [1] 153,080
Non-controlling interest 4,551    
Total equity 167,469 163,376 [1] 153,080
Total liabilities and shareholders' equity $ 222,211 $ 217,984 [1] $ 201,043
[1] Derived from audited financial statements.