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CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 28, 2024
Apr. 28, 2024
Jul. 30, 2023
Current assets:      
Cash and cash equivalents $ 13,472,000 $ 10,012,000 [1] $ 16,812,000
Short-term investments - rabbi trust 954,000 903,000 [1] 791,000
Accounts receivable, net 21,587,000 21,138,000 [1] 22,612,000
Inventories 41,668,000 44,843,000 [1] 43,817,000
Short-term note receivable 268,000 264,000 [1] 252,000
Assets held for sale 607,000    
Current income taxes receivable 532,000 350,000 [1] 202,000
Other current assets 3,590,000 3,371,000 [1] 3,578,000
Total current assets 82,678,000 80,881,000 [1] 88,064,000
Property, plant and equipment, net 30,476,000 33,182,000 [1] 34,929,000
Right of use assets 4,483,000 6,203,000 [1] 7,466,000
Intangible assets 1,782,000 1,876,000 [1] 2,158,000
Long-term investments - rabbi trust 7,089,000 7,102,000 [1] 7,204,000
Long-term note receivable 1,394,000 1,462,000 [1] 1,661,000
Deferred income taxes 528,000 518,000 [1] 476,000
Other assets 709,000 830,000 [1] 944,000
Total assets 129,139,000 132,054,000 [1] 142,902,000
Current liabilities:      
Line of credit 4,017,000    
Accounts payable - trade 26,540,000 25,607,000 [1] 26,468,000
Accounts payable - capital expenditures 56,000 343,000 [1] 257,000
Operating lease liability - current 1,565,000 2,061,000 [1] 2,558,000
Deferred compensation - current 954,000 903,000 [1] 791,000
Deferred revenue 1,600,000 1,495,000 [1] 1,026,000
Accrued expenses 6,097,000 6,726,000 [1] 6,615,000
Accrued restructuring 633,000   10,000
Income taxes payable - current 759,000 972,000 [1] 526,000
Total current liabilities 42,221,000 38,107,000 [1] 38,251,000
Operating lease liability - long-term 2,219,000 2,422,000 [1] 2,994,000
Income taxes payable - long-term 2,180,000 2,088,000 [1] 2,710,000
Deferred income taxes 6,449,000 6,379,000 [1] 5,864,000
Deferred compensation - long-term 6,946,000 6,929,000 [1] 6,966,000
Total liabilities 60,015,000 55,925,000 [1] 56,785,000
Commitments and Contingencies (Notes 10, 16, and 17)
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 12,469,903 at July 28, 2024; 12,344,030 at July 30, 2023, and 12,469,903 at April 28, 2024 624,000 624,000 [1] 617,000
Capital contributed in excess of par value 45,187,000 45,011,000 [1] 44,571,000
Accumulated earnings 23,115,000 30,376,000 [1] 40,853,000
Accumulated other comprehensive income 198,000 118,000 [1] 76,000
Total shareholders' equity 69,124,000 76,129,000 [1] 86,117,000
Total liabilities and shareholders' equity $ 129,139,000 $ 132,054,000 [1] $ 142,902,000
[1] Derived from audited consolidated financial statements.