Lines of Credit	9 Months Ended
Jan. 27, 2019
Debt Disclosure [Abstract]
Lines of Credit	13. Lines of Credit Revolving Credit Agreement – United States At April 29, 2018, our Credit Agreement with Wells Fargo Bank, N.A. (“Wells Fargo”) provided for a revolving loan commitment of $30 million. Effective August 13, 2018, we entered into a Fifth Amendment to our Credit Agreement which reduced the amount of our line of credit from $30 million to $25 million, reduced the amount of the Unencumbered Liquid Assets maintenance covenant from $20 million to $15 million, and set the expiration date to August 15, 2020. Additionally, this amendment reduced the limit of outstanding letters of credit to $1.0 million, which includes the $250,000 workers compensation letter of credit noted below. Interest was charged at a rate (applicable interest rate of 3.95%, 3.02%, and 3.36% at January 27, 2019, January 28, 2018, and April 29, 2018, respectively) as a variable spread over LIBOR based on our ratio of debt to EBITDA. Outstanding borrowings are secured by a pledge of 65% of the common stock of Culp International Holdings Ltd. (our subsidiary located in the Cayman Islands), as required by the Credit Agreement. There were no borrowings outstanding under the Credit Agreement at January 27, 2019, January 28, 2018, and April 29, 2018, respectively. At January 27, 2019, January 28, 2018, and April 29, 2018, there were $250,000 in outstanding letters of credit (all of which related to workers compensation) provided by the Credit Agreement. Effective August 1, 2016, we entered into a Third Amendment to our Credit Agreement which allowed us to issue letters of credit not to exceed $7.5 million. On August 3, 2016, we issued a $5.0 million letter of credit, in addition to the $250,000 letter of credit noted above, for the construction of a new building associated with our mattress fabrics segment (see Note 22 for further details). The terms of this $5.0 million letter credit expired on May 15, 2018. Revolving Credit Agreement – China At January 27, 2019, we had an unsecured credit agreement associated with our operations in China that provides for a line of credit up to 40 million RMB ($6.0 million USD at January 27, 2019) and was set to expire on March 2, 2019. This agreement has an interest rate determined by the Chinese government and there were no outstanding borrowings as of January 27, 2019, January 28, 2018, and April 29, 2018. On January 31, 2019, we renewed this unsecured credit agreement to extend the expiration date to January 31, 2020. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of January 27, 2019, we were in compliance with these financial covenants.

13. Lines of Credit

Revolving Credit Agreement – United States

At April 29, 2018, our Credit Agreement with Wells Fargo Bank, N.A. (“Wells Fargo”) provided for a revolving loan commitment of $30 million. Effective August 13, 2018, we entered into a Fifth Amendment to our Credit Agreement which reduced the amount of our line of credit from $30 million to $25 million, reduced the amount of the Unencumbered Liquid Assets maintenance covenant from $20 million to $15 million, and set the expiration date to August 15, 2020. Additionally, this amendment reduced the limit of outstanding letters of credit to $1.0 million, which includes the $250,000 workers compensation letter of credit noted below.

Interest was charged at a rate (applicable interest rate of 3.95%, 3.02%, and 3.36% at January 27, 2019, January 28, 2018, and April 29, 2018, respectively) as a variable spread over LIBOR based on our ratio of debt to EBITDA.

Outstanding borrowings are secured by a pledge of 65% of the common stock of Culp International Holdings Ltd. (our subsidiary located in the Cayman Islands), as required by the Credit Agreement. There were no borrowings outstanding under the Credit Agreement at January 27, 2019, January 28, 2018, and April 29, 2018, respectively.

At January 27, 2019, January 28, 2018, and April 29, 2018, there were $250,000 in outstanding letters of credit (all of which related to workers compensation) provided by the Credit Agreement.

Effective August 1, 2016, we entered into a Third Amendment to our Credit Agreement which allowed us to issue letters of credit not to exceed $7.5 million. On August 3, 2016, we issued a $5.0 million letter of credit, in addition to the $250,000 letter of credit noted above, for the construction of a new building associated with our mattress fabrics segment (see Note 22 for further details). The terms of this $5.0 million letter credit expired on May 15, 2018.

Revolving Credit Agreement – China

At January 27, 2019, we had an unsecured credit agreement associated with our operations in China that provides for a line of credit up to 40 million RMB ($6.0 million USD at January 27, 2019) and was set to expire on March 2, 2019. This agreement has an interest rate determined by the Chinese government and there were no outstanding borrowings as of January 27, 2019, January 28, 2018, and April 29, 2018. On January 31, 2019, we renewed this unsecured credit agreement to extend the expiration date to January 31, 2020.

Overall

Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of January 27, 2019, we were in compliance with these financial covenants.