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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2020
Apr. 30, 2020
CURRENT ASSETS:    
Cash $ 17,610 $ 16,793
Accounts receivable, net of allowance for doubtful accounts 3,830 2,784
Inventories    
Parts and raw materials 7,062 6,892
Work in process 2,925 1,661
Finished goods 53 62
Total inventory, net of allowance 10,040 8,615
Prepaid expenses and other current assets 1,862 1,620
Total current assets 33,342 29,812
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use assets 44,349 44,349
Land and building 5,805 5,805
Aircraft 8,740 8,511
Machinery and equipment 4,195 4,093
Office furniture and fixtures 9,544 8,533
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 76,665 75,323
Accumulated depreciation (21,754) (20,577)
Total property, plant and equipment 54,911 54,746
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $7,275 at July 31, 2020 and $7,029 at April 30, 2020) 6,872 6,483
OTHER ASSETS:    
Other assets (net of accumulated amortization of $10,336 at July 31, 2020 and $10,153 at April 30, 2020) 3,363 3,546
Total other assets 3,363 3,546
Total assets 98,488 94,587
CURRENT LIABILITIES:    
Current maturities of long-term debt 2,852 2,228
Current maturities of lease liability 1,200 1,163
Accounts payable 1,356 962
Customer deposits 6,656 1,994
Gaming facility mandated payment 1,246 1,338
Compensation and compensated absences 1,756 2,571
Income taxes payable 200 206
Other current liabilities 314 274
Total current liabilities 15,580 10,736
LONG-TERM LIABILITIES    
Long-term debt, net of current maturities 2,993 3,211
Lease liability, net of current maturities 41,898 42,211
Deferred tax liability, net 625 625
Total long-term liabilities 45,516 46,047
Total liabilities 61,096 56,783
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 77,719,677 shares, and outstanding 74,186,262 shares at July 31, 2020 and issued 77,719,677 shares, and outstanding 74,398,262 shares at April 30, 2020 777 777
Capital contributed in excess of par 15,750 15,600
Treasury stock at cost, 3,533,415 shares at July 31, 2020 and 3,321,415 shares at April 30, 2020 (1,821) (1,713)
Retained earnings 18,132 18,147
Total Butler National Corporation's stockholders' equity 32,838 32,811
Noncontrolling interest in BHCMC, LLC 4,554 4,993
Total stockholders' equity 37,392 37,804
Total liabilities and stockholders' equity 98,488 94,587
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock