XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Apr. 30, 2012
Apr. 30, 2011
CURRENT ASSETS:    
Cash $ 7,431 $ 8,475
Accounts receivable 3,589 2,128
Inventories    
Raw materials 6,305 5,203
Work in process 982 1,088
Finished goods 424 724
Total Inventory 7,711 7,015
Prepaid expenses and other current assets 1,493 964
Total current assets 20,224 18,582
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 3,915 3,142
Aircraft 6,288 5,952
Machinery and equipment 3,714 3,498
Office furniture and fixtures 3,217 1,025
Leasehold improvements 31 31
Property, plant and equipment, gross 17,165 13,648
Accumulated depreciation (6,688) (4,769)
Property, plant and equipment, net 10,477 8,879
SUPPLEMENTAL TYPE CERTIFICATES (net of amortization of $2,500 at April 30, 2012 and $2,464 at April 30, 2011) 1,677 1,696
OTHER ASSETS:    
Deferred tax asset 1,167 1,226
Other assets (net of accumulated amortization of $538 at April 30, 2012 and $292 at April 30, 2011) 7,017 1,775
Total other assets 8,184 3,001
Total Assets 40,562 32,158
CURRENT LIABILITIES:    
Line of Credit 462 92
Current maturities of long-term debt and capital lease obligations 3,757 1,807
Accounts payable 1,169 2,094
Customer deposits 1,015 1,091
Gaming facility mandated payment 1,281 2,028
Compensation and compensated absences 1,342 1,605
Accrued income tax 47 253
Other 207 222
Total current liabilities 9,280 9,192
LONG-TERM DEBT AND CAPITAL LEASE OBLIGATIONS, NET OF CURRENT MATURITIES: 8,678 4,940
Total liabilities 17,958 14,132
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Common stock, par value $.01:Authorized 100,000,000 shares issued and outstanding 57,907,564 shares at April 30, 2012 and 57,194,262 at April 30, 2011 579 572
Common stock, owed but not issued 278,573 shares at April 30, 2012 and at April 30, 2011 3 3
Capital contributed in excess of par 12,568 11,912
Treasury stock at cost, 600,000 shares (732) (732)
Retained Earnings 8,170 6,271
Total stockholders' equity Butler National Corporation 20,588 18,026
Non-controlling Interest in BHCMC, LLC 2,016 (1)
Total stockholders' equity 22,604 18,025
Total Liabilities and Stockholders' Equity $ 40,562 $ 32,158