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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2021
Apr. 30, 2020
CURRENT ASSETS:    
Cash $ 22,022 $ 16,793
Accounts receivable, net of allowance for doubtful accounts 1,961 2,784
Inventories    
Parts and raw materials 4,829 5,134
Work in process 3,657 3,419
Finished goods 82 62
Total inventory, net of allowance 8,568 8,615
Contract asset 421 195
Prepaid expenses and other current assets 1,496 1,620
Total current assets 34,468 30,007
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use asset 3,099 44,349
Construction in progress 1,170
Land 4,751 1,809
Building and improvements 39,747 3,996
Aircraft 9,138 8,511
Machinery and equipment 4,253 4,093
Office furniture and fixtures 10,699 8,533
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 76,889 75,323
Accumulated depreciation (20,519) (20,577)
Total property, plant and equipment 56,370 54,746
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $8,041 at April 30, 2021 and $7,029 at April 30, 2020) 8,211 6,483
OTHER ASSETS:    
Other assets (net of accumulated amortization of $10,886 at April 30, 2021 and $10,153 at April 30, 2020) 2,872 3,546
Total other assets 2,872 3,546
Total assets 101,921 94,782
CURRENT LIABILITIES:    
Current maturities of long-term debt 5,972 2,228
Current maturities of lease liability 107 1,163
Accounts payable 1,893 962
Contract liability 5,798 2,189
Gaming facility mandated payment 1,458 1,338
Compensation and compensated absences 1,862 2,571
Income tax payable 212 206
Other current liabilities 265 274
Total current liabilities 17,567 10,931
Long-term debt, net of current maturities 39,816 3,211
Lease liability, net of current maturities 2,759 42,211
Deferred tax liability 400 625
Total long-term liabilities 42,975 46,047
Total liabilities 60,542 56,978
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 79,070,382 shares, and outstanding 75,366,749 shares at April 30, 2021 and issued 77,719,677 shares, and outstanding 74,398,262 shares at April 30, 2020 790 777
Capital contributed in excess of par 16,900 15,600
Treasury stock at cost, 3,703,633 shares at April 30, 2021 and 3,321,415 shares at April 30, 2020 (1,909) (1,713)
Retained earnings 19,580 18,147
Total Butler National Corporation's stockholders' equity 35,361 32,811
Noncontrolling interest in BHCMC, LLC 6,018 4,993
Total stockholders' equity 41,379 37,804
Total liabilities and stockholders' equity 101,921 94,782
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock