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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 03, 2019
Apr. 28, 2019
 [1]
Oct. 28, 2018
Current assets:      
Cash and cash equivalents $ 47,183 $ 40,008 $ 14,768
Short-term investments - Held-To-Maturity   5,001 26,719
Accounts receivable, net 24,522 23,751 24,362
Inventories 55,228 50,860 50,601
Current income taxes receivable 776 776  
Assets held for sale 150   237
Other current assets 2,710 2,849 2,461
Total current assets 130,569 123,245 119,148
Property, plant and equipment, net 46,973 48,389 51,325
Goodwill 27,222 27,222 27,222
Intangible assets 10,260 10,448 10,636
Long-term investments - Rabbi Trust 7,575 7,081 7,851
Right of use asset 5,879    
Noncurrent income taxes receivable 733 733  
Deferred income taxes 511 457 3,614
Investment in unconsolidated joint venture 1,504 1,508 1,470
Other assets 496 643 945
Total assets 231,722 219,726 222,211
Current liabilities:      
Accounts payable-trade 27,395 24,377 24,007
Accounts payable - capital expenditures 402 78 114
Operating lease liability - current 2,282    
Deferred revenue 375 399 649
Accrued expenses 8,915 9,192 8,670
Accrued restructuring costs 35 124 260
Deferred compensation     714
Income taxes payable - current 1,539 1,022 2,044
Total current liabilities 40,943 35,192 36,458
Accrued expenses - long-term 333 333  
Subordinated loan payable 925 675  
Operating lease liability - noncurrent 3,439    
Contingent consideration - earn-out obligation 6,006 5,856 5,706
Income taxes payable - long-term 3,442 3,249 3,233
Deferred income taxes 3,283 3,176 2,225
Deferred compensation 7,429 6,998 7,120
Total liabilities 65,800 55,479 54,742
Commitments and Contingencies (Notes 12, 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 12,411,957 at November 3, 2019; 12,491,956 at October 28, 2018; and 12,391,160 at April 28, 2019 621 620 625
Capital contributed in excess of par value 44,109 43,694 45,959
Accumulated earnings 116,735 115,579 116,272
Accumulated other comprehensive income 55 40 62
Total shareholders' equity attributable to Culp Inc. 161,520 159,933 162,918
Non-controlling interest 4,402 4,314 4,551
Total equity 165,922 164,247 167,469
Total liabilities and shareholders' equity $ 231,722 $ 219,726 $ 222,211
[1] Derived from audited financial statements.