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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2020
Apr. 30, 2020
CURRENT ASSETS:    
Cash $ 17,404 $ 16,793
Accounts receivable, net of allowance for doubtful accounts 2,270 2,784
Inventories    
Parts and raw materials 7,148 6,892
Work in process 2,305 1,661
Finished goods 55 62
Total inventory, net of allowance 9,508 8,615
Prepaid expenses and other current assets 2,076 1,620
Income tax receivable 65
Total current assets 31,323 29,812
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use assets 44,349 44,349
Land and building 5,876 5,805
Aircraft 8,740 8,511
Machinery and equipment 4,195 4,093
Office furniture and fixtures 10,023 8,533
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 77,215 75,323
Accumulated depreciation (22,963) (20,577)
Total property, plant and equipment 54,252 54,746
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $7,522 at October 31, 2020 and $7,029 at April 30, 2020) 7,441 6,483
OTHER ASSETS:    
Other assets (net of accumulated amortization of $10,524 at October 31, 2020 and $10,153 at April 30, 2020) 3,233 3,546
Total other assets 3,233 3,546
Total assets 96,249 94,587
CURRENT LIABILITIES:    
Current maturities of long-term debt 2,862 2,228
Current maturities of lease liability 1,228 1,163
Accounts payable 1,755 962
Customer deposits 3,782 1,994
Gaming facility mandated payment 1,402 1,338
Compensation and compensated absences 1,850 2,571
Income taxes payable 206
Other current liabilities 417 274
Total current liabilities 13,296 10,736
LONG-TERM LIABILITIES    
Long-term debt, net of current maturities 2,774 3,211
Lease liability, net of current maturities 41,587 42,211
Deferred tax liability, net 625 625
Total long-term liabilities 44,986 46,047
Total liabilities 58,282 56,783
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 77,719,677 shares, and outstanding 74,033,347 shares at October 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 15,900 15,600
Treasury stock at cost, 3,686,330 shares at October 31, 2020 and 3,321,415 shares at April 30, 2020 (1,898) (1,713)
Retained earnings 18,453 18,147
Total Butler National Corporation's stockholders' equity 33,232 32,811
Noncontrolling interest in BHCMC, LLC 4,735 4,993
Total stockholders' equity 37,967 37,804
Total liabilities and stockholders' equity 96,249 94,587
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock