XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2017
Apr. 30, 2017
CURRENT ASSETS:    
Cash $ 5,901 $ 6,389
Accounts receivable 3,781 4,095
Inventories    
Raw materials 5,897 5,644
Work in process 1,126 1,174
Finished goods 52 39
Total inventory 7,075 6,857
Prepaid expenses and other current assets 1,214 994
Total current assets 17,971 18,335
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 5,197 5,132
Aircraft 5,888 5,888
Machinery and equipment 3,801 3,639
Office furniture and fixtures 6,563 6,497
Leasehold improvements 4,032 4,032
25,481 25,188
Accumulated depreciation (14,859) (14,506)
Total property, plant and equipment 10,622 10,682
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $4,549 at July 31, 2017 and $4,345 at April 30, 2017) 6,367 6,354
OTHER ASSETS:    
Deferred tax asset 925 925
Other assets (net of accumulated amortization of $7,241 at July 31, 2017 and $6,904 at April 30, 2017) 6,365 6,482
Total other assets 7,290 7,407
Total assets 42,250 42,778
CURRENT LIABILITIES:    
Promissory notes 2,528 2,604
Current maturities of long-term debt 2,086 2,297
Accounts payable 1,854 1,919
Customer deposits 1,198 892
Gaming facility mandated payment 853 1,227
Compensation and compensated absences 1,147 1,478
Income tax payable 721 589
Other current liabilities 198 129
Total current liabilities 10,585 11,135
LONG-TERM DEBT, NET OF CURRENT MATURITIES 2,944 3,347
Total liabilities 13,529 14,482
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 65,273,896 and outstanding 64,543,550 shares at July 31, 2017 and issued 65,273,896 and outstanding 64,543,550 shares at April 30, 2017 652 652
Capital contributed in excess of par 13,980 13,980
Treasury stock at cost, 730,346 shares (764) (764)
Retained earnings 9,957 9,719
Total stockholders' equity Butler National Corporation 23,825 23,587
Noncontrolling interest in BHCMC, LLC 4,896 4,709
Total stockholders' equity 28,721 28,296
Total liabilities and stockholders' equity 42,250 42,778
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock