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Intangible Assets (Tables)
6 Months Ended
Oct. 31, 2021
Summary of Intangible Assets

A summary of intangible assets follows:

 

(dollars in thousands)

 

October 31, 2021

 

 

November 1, 2020

 

 

May 2, 2021

 

Tradename

 

$

540

 

 

$

540

 

 

$

540

 

Customer relationships, net

 

 

1,787

 

 

 

2,087

 

 

 

1,937

 

Non-compete agreement, net

 

 

489

 

 

 

565

 

 

 

527

 

 

 

$

2,816

 

 

$

3,192

 

 

$

3,004

 

 

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:

 

 

 

Six months ended

 

(dollars in thousands)

 

October 31, 2021

 

 

November 1, 2020

 

Beginning balance

 

$

1,937

 

 

$

2,238

 

Amortization expense

 

 

(150

)

 

 

(151

)

Ending balance

 

$

1,787

 

 

$

2,087

 

Non-Compete Agreement [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 follows:

 

 

 

Six months ended

 

(dollars in thousands)

 

October 31, 2021

 

 

November 1, 2020

 

Beginning balance

 

$

527

 

 

$

602

 

Amortization expense

 

 

(38

)

 

 

(37

)

Ending balance

 

$

489

 

 

$

565