XML 34 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2015
Apr. 30, 2014
CURRENT ASSETS:    
Cash $ 6,195 $ 6,261
Accounts receivable 1,724 3,109
Inventories    
Raw materials 5,277 5,102
Work in process 1,364 1,090
Finished goods 396 144
Total Inventory 7,037 6,336
Prepaid expenses and other current assets 862 825
Total current assets 15,818 16,531
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 4,071 4,044
Aircraft 7,493 6,723
Machinery and equipment 3,612 3,535
Office furniture and fixtures 5,396 6,447
Leasehold improvements 4,081 4,060
Property, plant and equipment, gross 24,653 24,809
Accumulated depreciation (13,473) (12,140)
Total property, plant and equipment 11,180 12,669
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $2,975 at April 30, 2015 and $2,841 at April 30, 2014) 5,863 3,744
OTHER ASSETS:    
Deferred tax asset 1,197 1,335
Other assets (net of accumulated amortization of $4,050 at April 30, 2015 and $2,520 at April 30, 2014) 7,540 7,399
Total other assets 8,737 8,734
Total assets 41,598 41,678
CURRENT LIABILITIES:    
Promissory notes 1,510 1,757
Current maturities of long-term debt and capital lease obligations 2,412 3,908
Accounts payable 1,874 1,375
Customer deposits 837 982
Gaming facility mandated payment 1,299 1,267
Compensation and compensated absences 1,294 1,122
Other current liabilities 100 93
Total current liabilities 9,326 10,504
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, NET OF CURRENT MATURITIES: 6,870 6,820
Total liabilities $ 16,196 $ 17,324
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01:authorized 100,000,000 shares issued and outstanding 59,619,173 shares at April 30, 2013 and 57,907,564 at April 30, 2012 $ 628 $ 614
Capital contributed in excess of par 13,487 13,282
Treasury stock at cost, 600,000 shares (732) (732)
Retained earnings 8,161 8,134
Total stockholders' equity Butler National Corporation 21,544 21,298
Noncontrolling interest in BHCMC, LLC 3,858 3,056
Total stockholders' equity 25,402 24,354
Total liabilities and stockholders' equity 41,598 41,678
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0