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CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 26, 2025
Apr. 28, 2024
Jan. 28, 2024
Current assets:      
Cash and cash equivalents $ 5,279,000 $ 10,012,000 [1] $ 12,585,000
Short-term investments - rabbi trust 1,753,000 903,000 [1] 937,000
Accounts receivable, net 23,159,000 21,138,000 [1] 23,686,000
Inventories 48,599,000 44,843,000 [1] 46,877,000
Short-term notes receivable 526,000 264,000 [1] 260,000
Current income taxes receivable 1,137,000 350,000 [1] 476,000
Assets held for sale 2,214,000    
Other current assets 2,619,000 3,371,000 [1] 4,237,000
Total current assets 85,286,000 80,881,000 [1] 89,058,000
Property, plant and equipment, net 25,939,000 33,182,000 [1] 34,021,000
Right of use assets 6,103,000 6,203,000 [1] 6,952,000
Intangible assets 1,594,000 1,876,000 [1] 1,970,000
Long-term investments - rabbi trust 6,250,000 7,102,000 [1] 7,083,000
Long-term notes receivable 1,254,000 1,462,000 [1] 1,530,000
Deferred income taxes 490,000 518,000 [1] 531,000
Other assets 639,000 830,000 [1] 853,000
Total assets 127,555,000 132,054,000 [1] 141,998,000
Current liabilities:      
Line of credit 5,384,000    
Accounts payable - trade 32,717,000 25,607,000 [1] 29,793,000
Accounts payable - capital expenditures 439,000 343,000 [1] 19,000
Operating lease liability - current 2,025,000 2,061,000 [1] 2,524,000
Deferred compensation - current 1,753,000 903,000 [1] 937,000
Deferred revenue 697,000 1,495,000 [1] 1,798,000
Accrued expenses 6,079,000 6,726,000 [1] 7,300,000
Accrued restructuring 723,000    
Income taxes payable - current 828,000 972,000 [1] 1,070,000
Total current liabilities 50,645,000 38,107,000 [1] 43,441,000
Operating lease liability - long-term 3,127,000 2,422,000 [1] 2,656,000
Income taxes payable - long-term 1,400,000 2,088,000 [1] 2,072,000
Deferred income taxes 6,582,000 6,379,000 [1] 6,177,000
Deferred compensation - long-term 6,151,000 6,929,000 [1] 6,856,000
Total liabilities 67,905,000 55,925,000 [1] 61,202,000
Commitments and Contingencies (Notes 11, 17, and 18)
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 12,559,129 at January 26, 2025; 12,469,903 at January 28, 2024, and 12,469,903 at April 28, 2024 628,000 624,000 [1] 624,000
Capital contributed in excess of par value 45,461,000 45,011,000 [1] 44,843,000
Accumulated earnings 13,345,000 30,376,000 [1] 35,241,000
Accumulated other comprehensive income 216,000 118,000 [1] 88,000
Total shareholders' equity 59,650,000 76,129,000 [1] 80,796,000
Total liabilities and shareholders' equity $ 127,555,000 $ 132,054,000 [1] $ 141,998,000
[1] Derived from audited consolidated financial statements.