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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 27, 2025
Apr. 28, 2024
Apr. 30, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay versus Performance

 

Fiscal
Year

 

Summary
Compensation
Table Total for
PEO (1)
($)

 

 

 

Compensation
Actually
Paid to
PEO (1) (2)
($)

 

 

 

Average
Summary
Compensation
Table Total for
Non-PEO
NEOs (3)
$

 

 

Average
Compensation
Actually Paid to
Non-PEO
NEOs (2)
$

 

 

Value of Initial
Fixed $100
Investment
Based on Total
Shareholder
Returns (4)
$

 

Net Loss (5)
(in thousands)
$

 

(a)

 

(b)

 

 

 

(c)

 

 

 

(d)

 

 

(e)

 

 

(f)

 

(g)

 

2025

 

 

1,196,451

 

 

 

 

593,597

 

 

 

 

615,341

 

 

 

358,164

 

 

59.44

 

 

(19,103

)

2024

 

 

1,281,263

 

 

 

 

824,852

 

 

 

 

612,734

 

 

 

456,048

 

 

71.21

 

 

(13,819

)

2023

 

 

1,222,774

 

 

 

 

962,083

 

 

 

 

675,033

 

 

 

582,028

 

 

84.52

 

 

(31,520

)

(1)
Robert G. Culp, IV served as president and chief executive officer and is identified as PEO in the table for all of the years presented. Mr. Culp has served as the sole principal executive officer since July 23, 2021.
(2)
Deductions from, and additions to, total compensation in the Summary Compensation Table for fiscal 2025 to calculate ‟compensation actually paid” include:

 

 

 

(Fiscal 2025)

 

 

(Fiscal 2025)

 

 

 

PEO

 

 

Average
Non-PEO
NEOs

 

 

 

($)

 

 

($)

 

Total Compensation for Summary Compensation Table

 

 

1,196,451

 

 

 

615,341

 

Adjustments for Equity Awards **

 

 

 

 

 

 

Adjustment for grant date values in summary compensation table

 

 

(575,269

)

 

 

(236,620

)

Year-end fair value of unvested awards granted in current year

 

 

 

 

 

 

Year-over-year difference of year-end values for unvested awards in prior years

 

 

(27,585

)

 

 

(26,547

)

Fair values at vest date for awards granted and vested in current year

 

 

 

 

 

 

Difference in fair values between year-end fair values and vest date fair values for awards granted in
   prior years

 

 

 

 

 

5,990

 

Forfeitures during current year equal to prior year-end fair value

 

 

 

 

 

 

Dividends or dividend equivalents not otherwise included to total compensation

 

 

 

 

 

 

Total adjustments for equity awards

 

 

(602,854

)

 

 

(257,177

)

Compensation Actually Paid (as calculated)

 

 

593,597

 

 

 

358,164

 

 

 

**

The methodology associated with the equity valuation assumptions for calculating ‟compensation actually paid” are not materially different from grant date methodology, with both using the Monte Carlo simulation model.

 

 

(3) The dollar amounts reported in this column represent the average amounts reported for our Company’s named executive officers as a group (excluding Mr. Culp) as shown in our ‟Total” column of the Summary Compensation Table in each applicable year. The names of each of the named executive officers included for purposes of calculating the average amounts in each applicable year are as follows: for fiscal 2025 and fiscal 2024, Mr. Bowling and Mr. Bruno, and for fiscal 2023, Boyd B. Chumbley (retired executive officer of the Company) and Mr. Bowling.

(4)
The dollar amounts reported in this column represent the Company’s total shareholder return ‟TSR” for the period beginning on the last trading day of the year preceding the earliest year presented in the table and ending the last day of the covered year, which includes the reinvestment of dividends paid on our common stock during the relevant period.
(5)
The dollar amounts reported in this column represent the amount of net loss reflected in our consolidated audited financial statements for the applicable year.
   
Named Executive Officers, Footnote
(1)
Robert G. Culp, IV served as president and chief executive officer and is identified as PEO in the table for all of the years presented. Mr. Culp has served as the sole principal executive officer since July 23, 2021.
   
PEO Total Compensation Amount $ 1,196,451 $ 1,281,263 $ 1,222,774
PEO Actually Paid Compensation Amount $ 593,597 824,852 962,083
Adjustment To PEO Compensation, Footnote

 

 

(Fiscal 2025)

 

 

(Fiscal 2025)

 

 

 

PEO

 

 

Average
Non-PEO
NEOs

 

 

 

($)

 

 

($)

 

Total Compensation for Summary Compensation Table

 

 

1,196,451

 

 

 

615,341

 

Adjustments for Equity Awards **

 

 

 

 

 

 

Adjustment for grant date values in summary compensation table

 

 

(575,269

)

 

 

(236,620

)

Year-end fair value of unvested awards granted in current year

 

 

 

 

 

 

Year-over-year difference of year-end values for unvested awards in prior years

 

 

(27,585

)

 

 

(26,547

)

Fair values at vest date for awards granted and vested in current year

 

 

 

 

 

 

Difference in fair values between year-end fair values and vest date fair values for awards granted in
   prior years

 

 

 

 

 

5,990

 

Forfeitures during current year equal to prior year-end fair value

 

 

 

 

 

 

Dividends or dividend equivalents not otherwise included to total compensation

 

 

 

 

 

 

Total adjustments for equity awards

 

 

(602,854

)

 

 

(257,177

)

Compensation Actually Paid (as calculated)

 

 

593,597

 

 

 

358,164

 

   
Non-PEO NEO Average Total Compensation Amount $ 615,341 612,734 675,033
Non-PEO NEO Average Compensation Actually Paid Amount $ 358,164 456,048 582,028
Adjustment to Non-PEO NEO Compensation Footnote

 

 

(Fiscal 2025)

 

 

(Fiscal 2025)

 

 

 

PEO

 

 

Average
Non-PEO
NEOs

 

 

 

($)

 

 

($)

 

Total Compensation for Summary Compensation Table

 

 

1,196,451

 

 

 

615,341

 

Adjustments for Equity Awards **

 

 

 

 

 

 

Adjustment for grant date values in summary compensation table

 

 

(575,269

)

 

 

(236,620

)

Year-end fair value of unvested awards granted in current year

 

 

 

 

 

 

Year-over-year difference of year-end values for unvested awards in prior years

 

 

(27,585

)

 

 

(26,547

)

Fair values at vest date for awards granted and vested in current year

 

 

 

 

 

 

Difference in fair values between year-end fair values and vest date fair values for awards granted in
   prior years

 

 

 

 

 

5,990

 

Forfeitures during current year equal to prior year-end fair value

 

 

 

 

 

 

Dividends or dividend equivalents not otherwise included to total compensation

 

 

 

 

 

 

Total adjustments for equity awards

 

 

(602,854

)

 

 

(257,177

)

Compensation Actually Paid (as calculated)

 

 

593,597

 

 

 

358,164

 

   
Compensation Actually Paid vs. Total Shareholder Return img251279650_64.jpg    
Compensation Actually Paid vs. Net Income

img251279650_65.jpg

   
Total Shareholder Return Amount $ 59.44 71.21 84.52
Net Income (Loss) $ (19,103) $ (13,819) $ (31,520)
PEO Name Robert G. Culp, IV Robert G. Culp, IV Robert G. Culp, IV
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (602,854)    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (575,269)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (27,585)    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (257,177)    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (236,620)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (26,547)    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 5,990    
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0