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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2020
Apr. 30, 2019
CURRENT ASSETS:    
Cash $ 16,793 $ 9,014
Accounts receivable, net of allowance for doubtful accounts 2,784 3,265
Asset held for sale, net of accumulated depreciation 447
Income tax receivable 27
Inventories    
Parts and raw materials 6,892 7,370
Work in process 1,661 1,441
Finished goods 62 74
Total inventory, net of allowance 8,615 8,885
Prepaid expenses and other current assets 1,620 1,646
Total current assets 29,812 23,284
PROPERTY, PLANT AND EQUIPMENT:    
Finance lease right-to-use assets 44,349 1,699
Land and building 5,805 5,765
Aircraft 8,511 8,467
Machinery and equipment 4,093 4,085
Office furniture and fixtures 8,533 7,477
Leasehold improvements 4,032 4,032
Property, Plant and Equipment, Gross, Ending Balance 75,323 31,525
Accumulated depreciation (20,577) (16,714)
Total property, plant and equipment 54,746 14,811
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $7,029 at April 30, 2020 and $6,054 at April 30, 2019) 6,483 6,407
OTHER ASSETS:    
Deferred tax asset 331 295
Other assets (net of accumulated amortization of $10,153 at April 30, 2020 and $9,370 at April 30, 2019) 3,546 4,105
Total other assets 3,877 4,400
Total assets 94,918 48,902
CURRENT LIABILITIES:    
Current maturities of long-term debt 2,228 1,899
Current maturities of finance lease liability 1,163 8
Accounts payable 962 1,774
Customer deposits 1,994 2,758
Gaming facility mandated payment 1,338 1,280
Compensation and compensated absences 2,571 1,664
Deferred tax liability, current 191 236
Income tax payable 206
Other current liabilities 274 230
Total current liabilities 10,927 9,849
Long-term debt, net of current maturities 3,211 2,076
Finance lease liability, net of current maturities 42,211 1,689
Deferred tax liability 765 944
Total long-term liabilities 46,187 4,709
Total liabilities 57,114 14,558
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 77,719,677 shares, and outstanding 74,398,262 shares at April 30, 2020 and issued 71,008,122 shares, and outstanding 68,281,071 shares at April 30, 2019 777 710
Capital contributed in excess of par 15,600 14,767
Treasury stock at cost, 3,321,415 shares at April 30, 2020 and 2,727,051 shares at April 30, 2019 (1,713) (1,387)
Retained earnings 18,147 13,913
Total Butler National Corporation's stockholders' equity 32,811 28,003
Noncontrolling interest in BHCMC, LLC 4,993 6,341
Total stockholders' equity 37,804 34,344
Total liabilities and stockholders' equity 94,918 48,902
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock