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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Nov. 03, 2019
Oct. 28, 2018
Nov. 03, 2019
Oct. 28, 2018
Income Statement [Abstract]        
Net sales $ 72,619 $ 77,006 $ 147,466 $ 148,479
Cost of sales 58,516 63,680 119,998 124,594
Gross profit 14,103 13,326 27,468 23,885
Selling, general and administrative expenses 10,120 10,103 20,831 18,136
Restructuring credit   (1,061) (35) (610)
Income from operations 3,983 4,284 6,672 6,359
Interest expense 30 18 39 38
Interest income (240) (151) (490) (301)
Other expense 87 142 174 399
Income before income taxes 4,106 4,275 6,949 6,223
Income taxes 1,898 1,276 3,580 2,182
Loss from investment in unconsolidated joint venture 16 55 3 132
Net income 2,192 2,944 3,366 3,909
Net loss (income) attributable to non-controlling interest 108 (11) 272 (19)
Net income attributable to Culp, Inc. common shareholders $ 2,300 $ 2,933 $ 3,638 $ 3,890
Net income attributable to Culp Inc. common shareholders per share - basic $ 0.19 $ 0.23 $ 0.29 $ 0.31
Net income attributable to Culp Inc. common shareholders per share - diluted $ 0.19 $ 0.23 $ 0.29 $ 0.31
Average shares outstanding, basic 12,408 12,515 12,403 12,512
Average shares outstanding, diluted 12,408 12,551 12,413 12,612