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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 04, 2019
Apr. 28, 2019
 [1]
Jul. 29, 2018
Current assets:      
Cash and cash equivalents $ 44,236 $ 40,008 $ 8,593
Short-term investments - Held-To-Maturity   5,001 30,756
Accounts receivable, net 24,090 23,751 23,225
Inventories 50,660 50,860 54,989
Current income taxes receivable 776 776  
Assets held for sale 100    
Other current assets 2,578 2,849 3,852
Total current assets 122,440 123,245 121,415
Property, plant and equipment, net 47,289 48,389 53,178
Goodwill 27,222 27,222 27,222
Intangible assets 10,354 10,448 10,730
Long-term investments - Rabbi Trust 7,347 7,081 7,671
Right of use assets 6,530    
Noncurrent income taxes receivable 733 733  
Deferred income taxes 486 457 3,721
Investment in unconsolidated joint venture 1,520 1,508 1,525
Other assets 526 643 910
Total assets 224,447 219,726 226,372
Current liabilities:      
Accounts payable-trade 22,628 24,377 25,070
Accounts payable - capital expenditures 60 78 862
Operating lease liability - current 2,456    
Deferred revenue 684 399 634
Accrued expenses 8,566 9,192 8,176
Accrued restructuring costs 42 124 445
Income taxes payable - current 1,116 1,022 1,244
Total current liabilities 35,552 35,192 36,431
Line of credit     4,000
Accrued expenses - long-term 333 333 749
Subordinated loan payable 925 675  
Operating lease liability - noncurrent 3,955    
Contingent consideration - earn-out obligation 5,931 5,856 5,600
Income taxes payable - long-term 3,640 3,249 3,733
Deferred income taxes 2,543 3,176 2,150
Deferred compensation 7,232 6,998 7,679
Total liabilities 60,111 55,479 60,342
Commitments and Contingencies (Notes 13, 19 and 20)
Shareholders' equity      
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,405,014 at August 4, 2019; 12,522,246 at July 29, 2018; and 12,391,160 at April 28, 2019 621 620 627
Capital contributed in excess of par value 43,803 43,694 46,334
Accumulated earnings 115,676 115,579 114,465
Accumulated other comprehensive income 46 40 64
Total shareholders' equity attributable to Culp Inc. 160,146 159,933 161,490
Non-controlling interest 4,190 4,314 4,540
Total equity 164,336 164,247 166,030
Total liabilities and shareholders' equity $ 224,447 $ 219,726 $ 226,372
[1] Derived from audited financial statements.