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CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 29, 2023
May 01, 2022
Jan. 30, 2022
Current assets:      
Cash and cash equivalents $ 16,725,000 $ 14,550,000 [1] $ 11,780,000
Short-term investments - held-to-maturity     1,315,000
Short-term investments - available for sale     438,000
Short-term investments - rabbi trust 2,420,000    
Accounts receivable, net 21,241,000 22,226,000 [1] 38,998,000
Inventories 47,627,000 66,557,000 [1] 73,133,000
Assets held for sale 1,950,000    
Current income taxes receivable 238,000 857,000 [1] 367,000
Other current assets 2,839,000 2,986,000 [1] 4,419,000
Total current assets 93,040,000 107,176,000 [1] 130,450,000
Property, plant and equipment, net 37,192,000 41,702,000 [1] 42,778,000
Right of use assets 8,913,000 15,577,000 [1] 16,595,000
Intangible assets 2,346,000 2,628,000 [1] 2,722,000
Long-term investments - rabbi trust 7,725,000 9,357,000 [1] 9,223,000
Long-term investments - held-to-maturity     8,677,000
Deferred income taxes 463,000 528,000 [1] 500,000
Other assets 919,000 595,000 [1] 622,000
Total assets 150,598,000 177,563,000 [1] 211,567,000
Current liabilities:      
Accounts payable - trade 22,540,000 20,099,000 [1] 46,690,000
Accounts payable - capital expenditures 25,000 473,000 [1] 33,000
Operating lease liability - current 2,785,000 3,219,000 [1] 3,295,000
Deferred compensation 2,420,000    
Deferred revenue 1,430,000 520,000 [1] 518,000
Accrued expenses 6,701,000 7,832,000 [1] 8,446,000
Income taxes payable - current 467,000 413,000 [1] 240,000
Total current liabilities 36,368,000 32,556,000 [1] 59,222,000
Operating lease liability - noncurrent 4,399,000 7,062,000 [1] 7,848,000
Income taxes payable - long-term 2,648,000 3,097,000 [1] 3,099,000
Deferred income taxes 6,089,000 6,004,000 [1] 5,484,000
Deferred compensation 7,590,000 9,343,000 [1] 9,180,000
Total liabilities 57,094,000 58,062,000 [1] 84,833,000
Commitments and Contingencies -Notes 9, 15, and 16)
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 12,311,583 at January 29, 2023; 12,218,067 at January 30, 2022, and 12,228,629 at May 1, 2022 616,000 611,000 [1] 611,000
Capital contributed in excess of par value 43,992,000 43,143,000 [1] 42,890,000
Accumulated earnings 48,875,000 75,715,000 [1] 83,145,000
Accumulated other comprehensive income 21,000 32,000 [1] 88,000
Total shareholders' equity 93,504,000 119,501,000 [1] 126,734,000
Total liabilities and shareholders' equity $ 150,598,000 $ 177,563,000 [1] $ 211,567,000
[1] Derived from audited financial statements.