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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2018
Apr. 30, 2018
CURRENT ASSETS:    
Cash $ 8,972 $ 7,353
Accounts receivable 4,268 3,107
Income tax receivable, net 219
Inventories    
Parts and raw materials 6,187 5,858
Work in process 1,349 1,234
Finished goods 24 27
Total inventory net of allowances 7,560 7,119
Prepaid expenses and other current assets 1,259 978
Total current assets 22,059 18,776
PROPERTY, PLANT AND EQUIPMENT:    
Land and building 5,268 5,232
Aircraft 6,157 6,157
Machinery and equipment 3,978 3,922
Office furniture and fixtures 6,854 6,658
Leasehold improvements 4,032 4,032
26,289 26,001
Accumulated depreciation (16,249) (15,725)
Total property, plant and equipment 10,040 10,276
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $5,606 at October 31, 2018 and $5,164 at April 30, 2018) 6,196 6,597
OTHER ASSETS:    
Deferred tax asset 193 193
Other assets (net of accumulated amortization of $8,757 at October 31, 2018 and $8,213 at April 30, 2018) 5,045 5,589
Total other assets 5,238 5,782
Total assets 43,533 41,431
CURRENT LIABILITIES:    
Promissory notes 670 2,387
Current maturities of long-term debt 1,498 1,612
Accounts payable 1,935 2,215
Customer deposits 2,425 1,396
Gaming facility mandated payment 1,235 1,219
Compensation and compensated absences 1,803 1,439
Income taxes payable 501
Other current liabilities 291 162
Total current liabilities 10,358 10,430
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,040 1,735
Total liabilities 11,398 12,165
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 66,196,854 and outstanding 64,237,185 shares at October 31, 2018 and issued 66,196,854 and outstanding 64,743,317 shares at April 30, 2018 662 662
Capital contributed in excess of par 14,231 14,231
Treasury stock at cost, 1,959,669 shares at October 31, 2018 and 1,453,537 at April 30, 2018 (1,101) (951)
Retained earnings 12,290 10,060
Total stockholders' equity Butler National Corporation 26,082 24,002
Noncontrolling interest in BHCMC, LLC 6,053 5,264
Total stockholders' equity 32,135 29,266
Total liabilities and stockholders' equity 43,533 41,431
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock