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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 28, 2019
Apr. 29, 2018
current assets:    
cash and cash equivalents $ 40,008 $ 21,228
short-term investments - available for sale 2,451
short-term investments - held to maturity 5,001 25,759
accounts receivable, net 23,751 26,307
inventories 50,860 53,454
current income taxes receivable 776
other current assets 2,849 2,870
total current assets 123,245 132,069
property, plant and equipment, net 48,389 51,794
goodwill 27,222 13,569
intangible assets 10,448 4,275
deferred income taxes 457 1,458
long-term investments - held-to-maturity 5,035
long-term investments - rabbi trust 7,081 7,326
noncurrent income taxes receivable 733
investment in unconsolidated joint venture 1,508 1,501
other assets 643 957
total assets 219,726 217,984
current liabilities:    
accounts payable - trade 24,377 27,237
accounts payable - capital expenditures 78 1,776
deferred revenue 399 809
accrued expenses 9,192 9,325
accrued restructuring costs 124
income taxes payable 1,022 1,437
total current liabilities 35,192 40,584
accrued expenses - long-term 333 763
subordinated loan payable 675
contingent consideration - earn-out obligation 5,856
income taxes payable - long-term 3,249 3,758
deferred income taxes 3,176 2,150
deferred compensation 6,998 7,353
total liabilities 55,479 54,608
commitments and contingencies (notes 13 and 15)
shareholders' equity:    
preferred stock, $.05 par value, authorized 10,000,000 shares
common stock, $.05 par value, authorized 40,000,000 shares, issued and outstanding 12,391,160 at April 28, 2019 and 12,450,276 at April 29, 2018 620 623
capital contributed in excess of par value 43,694 48,203
accumulated earnings 115,579 114,635
accumulated other comprehensive income (loss) 40 (85)
total shareholders' equity attributable to Culp Inc. 159,933 163,376
non-controlling interest 4,314
total equity 164,247 163,376
total liabilities and equity $ 219,726 $ 217,984