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Intangible Assets (Tables) | 12 Months Ended
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May 02, 2021
Summary of Intangible Assets | A summary of intangible assets follows:
(dollars in thousands) |  | May 2, 2021 |  |  | May 3, 2020 |  |
Tradenames |  | $ | 540 |  |  | $ | 540 |  |
Customer relationships, net |  |  | 1,937 |  |  |  | 2,238 |  |
Non-compete agreement, net |  |  | 527 |  |  |  | 602 |  |
|  | $ | 3,004 |  |  | $ | 3,380 |  |
Summary of Change in Acquired Tradenames | A summary of the change in the carrying amount of our tradenames follows:
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
beginning balance |  | $ | 540 |  |  |  | 7,232 |  |  |  | 683 |
acquisition of assets (note 3) |  |  | — |  |  |  | — |  |  |  | 6,549 |
loss on impairment - continuing operations |  |  | — |  |  |  | (143 | ) |  |  | — |
loss on impairment - discontinued operation (note 3) |  |  | — |  |  |  | (6,549 | ) |  |  | — |
ending balance |  | $ | 540 |  |  |  | 540 |  |  |  | 7,232 |
Customer Relationships [Member] |
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets | A summary of the change in the carrying amount of our customer relationships follows:
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
beginning balance |  | $ | 2,238 |  |  |  | 2,538 |  |  |  | 2,839 |
amortization expense |  |  | (301 | ) |  |  | (300 | ) |  |  | (301 | )
ending balance |  | $ | 1,937 |  |  |  | 2,238 |  |  |  | 2,538 |
Non-Compete Agreement [Member] | Prior Acquisition [Member] | Mattress Fabrics [Member] |
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets | A summary of the change in the carrying amount of our non-compete agreement associated with a prior year acquisition by our mattress fabrics segment follows:
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
beginning balance |  | $ | 602 |  |  |  | 678 |  |  |  | 753 |
amortization expense |  |  | (75 | ) |  |  | (76 | ) |  |  | (75 | )
ending balance |  | $ | 527 |  |  |  | 602 |  |  |  | 678 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of characteristics and cost, by total and major class, of indefinite-lived intangible assets acquired as part of a business combination. Indefinite-lived intangible assets are assets that have no physical form, but have expected future economic benefit. The future benefit is not expected to diminish over a stated period of time. Acquired indefinite-lived intangible assets are disclosed by major class (assets that can be grouped together because they are similar, either by their nature or by their use in operations of the entity) and in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4922-128472 + Details
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