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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Apr. 30, 2023
May 01, 2022
May 02, 2021
cash flows from operating activities:      
net (loss) income $ (31,520,000) $ (3,211,000) $ 3,218,000
adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
depreciation 6,845,000 6,994,000 6,846,000
non-cash inventory charges 5,819,000 1,927,000 882,000
amortization 438,000 559,000 466,000
stock-based compensation 1,145,000 1,133,000 1,251,000
deferred income taxes (2,000) 691,000 3,760,000
gain on bargain purchase [1]     (819,000)
gain on sale of property, plant, and equipment (314,000)   (57,000)
non-cash restructuring expense 791,000    
income from investment in unconsolidated joint venture     (31,000)
realized loss (gain) from the sale of investments   450,000 (6,000)
foreign currency exchange (gain) loss (537,000) 16,000 1,520,000
changes in assets and liabilities, net of effects of acquisition and disposal of businesses:      
accounts receivable (2,642,000) 15,416,000 (12,117,000)
inventories 15,370,000 (12,714,000) (8,107,000)
other current assets (297,000) 946,000 (1,442,000)
other assets 86,000 (1,386,000) (1,452,000)
accounts payable-trade 10,274,000 (22,131,000) 17,228,000
accrued expenses and deferred compensation 853,000 (5,204,000) 9,457,000
deferred revenue 672,000 (20,000) 38,000
income taxes 823,000 (907,000) 843,000
net cash provided by (used in) operating activities 7,804,000 (17,441,000) 21,478,000
cash flows from investing activities:      
cash paid for acquisition of assets, net of cash acquired     (892,000)
capital expenditures (2,108,000) (5,695,000) (6,664,000)
proceeds from the sale of property, plant, and equipment 468,000   12,000
proceeds from note receivable 15,000    
investment in unconsolidated joint venture     (90,000)
proceeds from the sale of short-term investments (available for sale)   9,879,000 468,000
proceeds from the sale and maturity of investments (held to maturity)   13,486,000 10,165,000
purchase of short-term investments (available for sale)   (4,391,000) (5,044,000)
purchase of investments (held-to-maturity)   (9,751,000) (8,173,000)
proceeds from the sale of investments (rabbi trust) 2,058,000 56,000 157,000
purchase of long-term investments (rabbi trust) (1,185,000) (1,088,000) (619,000)
net cash (used in) provided by investing activities (752,000) 2,496,000 (10,680,000)
cash flows from financing activities:      
proceeds from lines of credit   9,000,000  
payments associated with lines of credit   (9,000,000) (30,772,000)
payments associated with Paycheck Protection Program loan     (7,606,000)
dividends paid   (5,511,000) (5,292,000)
repurchases of common stock   (1,752,000)  
common stock surrendered for payroll withholding taxes (33,000) (50,000) (25,000)
payments for debt issuance costs (403,000) (110,000) (15,000)
net cash used in financing activities (436,000) (7,423,000) (43,710,000)
effect of exchange rate changes on cash and cash equivalents (202,000) (91,000) 131,000
increase (decrease) in cash and cash equivalents 6,414,000 (22,459,000) (32,781,000)
cash and cash equivalents at beginning of year 14,550,000 37,009,000 69,790,000
cash and cash equivalents at end of year $ 20,964,000 $ 14,550,000 $ 37,009,000
[1] Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50% ownership interest of $1.7 million and the $954,000 total purchase price for the remaining 50% ownership interest.