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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jan. 27, 2019
Apr. 29, 2018
 [1]
Jan. 28, 2018
Current assets:      
Cash and cash equivalents $ 26,418 $ 21,228 $ 22,428
Short-term investments-Available for Sale 0 2,451 2,472
Short-term investments-Held-To-Maturity 13,544 25,759 17,206
Accounts receivable, net 26,142 26,307 26,097
Inventories 55,415 53,454 55,651
Other current assets 2,954 2,870 3,114
Total current assets 124,473 132,069 126,968
Property, plant and equipment, net 50,129 51,794 51,838
Goodwill 27,222 13,569 11,462
Intangible assets 10,542 4,275 1,397
Deferred income taxes 3,224 1,458 1,942
Long-term investments-Held-To-Maturity 0 5,035 13,625
Long-term investments-Rabbi Trust 6,834 7,326 7,176
Investment in unconsolidated joint venture 1,512 1,501 1,518
Other assets 972 957 918
Total assets 224,908 217,984 216,844
Current liabilities:      
Accounts payable-trade 28,401 27,237 32,434
Accounts payable-capital expenditures 91 1,776 1,554
Deferred revenue 492 809  
Accrued expenses 9,740 9,325 8,842
Accrued restructuring costs 228    
Income taxes payable-current 642 1,437 1,580
Total current liabilities 39,594 40,584 44,410
Accrued expenses-long-term 0 763  
Contingent consideration-earn-out obligation 5,781    
Income taxes payable-long-term 3,294 3,758 10,940
Deferred income taxes 2,225 2,150 2,096
Deferred compensation 6,782 7,353 7,216
Total liabilities 57,676 54,608 64,662
Commitments and Contingencies (Notes 13 and 22)
Shareholders' equity      
Preferred stock, $0.05 par value, authorized 10,000,000 0    
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,368,413 at January 27, 2019; 12,450,276 at January 28, 2018; and 12,450,276 at April 29, 2018 619 623 623
Capital contributed in excess of par value 43,961 48,203 48,413
Accumulated earnings 118,186 114,635 103,090
Accumulated other comprehensive income (loss) 9 (85) 56
Total shareholders' equity attributable to Culp Inc. 162,775 163,376 152,182
Non-controlling interest 4,457    
Total equity 167,232 163,376 152,182
Total liabilities and shareholders' equity $ 224,908 $ 217,984 $ 216,844
[1] Derived from audited financial statements.