XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Oct. 31, 2013
Apr. 30, 2013
CURRENT ASSETS:    
Cash $ 4,172 $ 5,148
Notes and accounts receivable 2,256 2,697
Income tax receivable 1,276 1,395
Inventories    
Raw materials 6,339 6,216
Work in process 1,892 1,048
Finished goods 151 240
Total inventory 8,382 7,504
Prepaid expenses and other current assets 791 829
Total current assets 16,877 17,573
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 4,044 4,027
Aircraft 6,723 6,723
Machinery and equipment 3,494 3,714
Office furniture and fixtures 6,443 6,358
Leasehold improvements 4,060 4,060
Property, plant and equipment, gross 24,764 24,882
Accumulated depreciation (10,663) (9,435)
Total property, plant and equipment 14,101 15,447
SUPPLEMENTAL TYPE CERTIFICATES (net of amortization of $2,633 at October 31, 2013 and $2,604 at April 30, 2013) 1,985 2,014
OTHER ASSETS:    
Deferred tax asset 1,560 1,303
Other assets (net of accumulated amortization of $1,861 at October 31, 2013 and $1,213 at April 30, 2013) 7,934 7,523
Total other assets 9,494 8,826
Total Assets 42,457 43,860
CURRENT LIABILITIES:    
Line of credit 1,740 1,377
Current maturities of long-term debt and capital lease obligations 4,606 4,551
Accounts payable 1,817 1,509
Customer deposits 320 193
Gaming facility mandated payment 1,225 1,337
Compensation and compensated absences 879 1,045
Other current liabilities 218 119
Total current liabilities 10,805 10,131
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, NET OF CURRENT MATURITIES: 8,571 10,155
Total liabilities 19,376 20,286
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued and outstanding 59,619,173 shares at October 31, 2013 and 59,619,173 shares at April 30, 2013 596 596
Capital contributed in excess of par 13,051 13,034
Treasury stock at cost, 600,000 shares (732) (732)
Retained Earnings 7,388 8,022
Total stockholders' equity Butler National Corporation 20,303 20,920
Noncontrolling Interest in BHCMC, LLC 2,778 2,654
Total stockholders' equity 23,081 23,574
Total Liabilities and Stockholders' Equity 42,457 43,860
Preferred Class A [Member]
   
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Preferred Class B [Member]
   
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0