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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2020
Apr. 30, 2019
CURRENT ASSETS:    
Cash $ 15,782 $ 9,014
Accounts receivable, net of allowance for doubtful accounts 3,076 3,265
Asset held for sale, net of accumulated depreciation 447
Income tax receivable 27
Inventories    
Parts and raw materials 6,962 7,370
Work in process 2,050 1,441
Finished goods 70 74
Total inventory, net of allowance 9,082 8,885
Prepaid expenses and other current assets 1,753 1,646
Total current assets 29,693 23,284
PROPERTY, PLANT AND EQUIPMENT:    
Finance lease right-to-use assets 44,349 1,699
Land and building 5,765 5,765
Aircraft 8,859 8,467
Machinery and equipment 4,093 4,075
Office furniture and fixtures 7,802 7,487
Leasehold improvements 4,032 4,032
74,900 31,525
Accumulated depreciation (19,764) (16,714)
Total property, plant and equipment 55,136 14,811
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $6,782 at January 31, 2020 and $6,054 at April 30, 2019) 6,315 6,407
OTHER ASSETS:    
Deferred tax asset 295 295
Other assets (net of accumulated amortization of $9,967 at January 31, 2020 and $9,370 at April 30, 2019) 3,588 4,105
Total other assets 3,883 4,400
Total assets 95,027 48,902
CURRENT LIABILITIES:    
Current maturities of long-term debt 1,010 1,899
Current maturities of finance lease liability 1,123 8
Accounts payable 1,681 1,774
Customer deposits 1,509 2,758
Gaming facility mandated payment 1,121 1,280
Compensation and compensated absences 1,510 1,664
Deferred tax liability, current 236 236
Income taxes payable 1,794
Other current liabilities 395 230
Total current liabilities 10,379 9,849
Long-term debt, net of current maturities 1,520 2,076
Finance lease liability, net of current maturities 42,521 1,689
Deferred tax liability 944 944
Total long-term liabilities 44,985 4,709
Total liabilities 55,364 14,558
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 71,008,122 shares, and outstanding 67,686,732 shares at January 31, 2020 and issued 71,008,122 shares, and outstanding 68,281,071 shares at April 30, 2019 710 710
Capital contributed in excess of par 14,909 14,767
Treasury stock at cost, 3,321,390 shares at January 31, 2020 and 2,727,051 shares at April 30, 2019 (1,713) (1,387)
Retained earnings 19,539 13,913
Total Butler National Corporation's stockholders' equity 33,445 28,003
Noncontrolling interest in BHCMC, LLC 6,218 6,341
Total stockholders' equity 39,663 34,344
Total liabilities and stockholders' equity 95,027 48,902
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock