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Business Combinations (Tables) | 9 Months Ended
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Feb. 02, 2020
Schedule of Unaudited Pro Forma Consolidated Results of Operations | The following unaudited pro forma consolidated results of operations for the three-month and nine-month periods ending February 2, 2020, and January 27, 2019, have been prepared as if the acquisition of eLuxury had occurred on May 1, 2017.
|  | Three Months Ended |
(dollars in thousands, except per share data) |  | February 2, 2020 |  |  | January 27, 2019 |
Net Sales |  | $ | 71,998 |  |  | $ | 77,226 |
(Loss) income from operations |  |  | (5,091 | ) |  |  | 4,299 |
Net (loss) income |  |  | (4,207 | ) |  |  | 3,060 |
Net loss - noncontrolling interest |  |  | 4,149 |  |  |  | 94 |
Net (loss) income – Culp Inc. common shareholders |  |  | (58 | ) |  |  | 3,154 |
Net (loss) income per share (basic) – Culp Inc. common shareholders |  |  | 0.00 |  |  |  | 0.25 |
Net (loss) income per share (diluted) – Culp Inc. common shareholders |  |  | 0.00 |  |  |  | 0.25 |
|  | Nine Months Ended |
(dollars in thousands, except per share data) |  | February 2, 2020 |  |  | January 27, 2019 |
Net Sales |  | $ | 219,465 |  |  | $ | 228,830 |
Income from operations |  |  | 1,582 |  |  |  | 10,657 |
Net (loss) income |  |  | (841 | ) |  |  | 6,943 |
Net loss - noncontrolling interest |  |  | 4,421 |  |  |  | 83 |
Net income – Culp Inc. common shareholders |  |  | 3,580 |  |  |  | 7,026 |
Net income per share (basic) – Culp Inc. common shareholders |  |  | 0.29 |  |  |  | 0.56 |
Net income per share (diluted) – Culp Inc. common shareholders |  |  | 0.29 |  |  |  | 0.56 |
eLuxury [Member] |
Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed | The following table presents the final allocation of the acquisition cost to the assets acquired and liabilities assumed based on their fair values.
(dollars in thousands) |  | Fair Value |
Goodwill |  | $ | 13,653 |
Tradename |  |  | 6,549 |
Equipment |  |  | 2,179 |
Inventory |  |  | 1,804 |
Accounts receivable and other current assets |  |  | 108 |
Accounts payable |  |  | (1,336 | )
Accrued expenses |  |  | (295 | )
Non-controlling interest in eLuxury |  |  | (4,532 | )
|  | $ | 18,130 |

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