XML 18 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Aug. 04, 2019
Jul. 29, 2018
Income Statement [Abstract]    
Net sales $ 74,847 $ 71,473
Cost of sales 61,482 60,914
Gross profit 13,365 10,559
Selling, general and administrative expenses 10,711 8,033
Restructuring (credit) expense (35) 451
Income from operations 2,689 2,075
Interest expense 9 20
Interest income (249) (150)
Other expense 87 257
Income before income taxes 2,842 1,948
Income taxes 1,681 906
(Income) loss from investment in unconsolidated joint venture (13) 77
Net income 1,174 965
Net loss (income) attributable to non-controlling interest 164 (8)
Net income attributable to Culp, Inc. common shareholders $ 1,338 $ 957
Net income attributable to Culp Inc. common shareholders per share - basic $ 0.11 $ 0.08
Net income attributable to Culp Inc. common shareholders per share - diluted $ 0.11 $ 0.08
Average shares outstanding, basic 12,399 12,510
Average shares outstanding, diluted 12,410 12,600