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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2021
Apr. 30, 2021
CURRENT ASSETS:    
Cash $ 12,925 $ 22,022
Accounts receivable, net of allowance for doubtful accounts 3,566 1,961
Inventories    
Parts and raw materials 4,778 4,829
Work in process 3,609 3,657
Finished goods 72 82
Total inventory, net of allowance 8,459 8,568
Contract asset 1,101 421
Prepaid expenses and other current assets 1,800 1,496
Total current assets 27,851 34,468
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use assets 3,099 3,099
Construction in progress 3,142 1,170
Land 4,751 4,751
Building and improvements 39,762 39,747
Aircraft 8,719 9,138
Machinery and equipment 4,692 4,253
Office furniture and fixtures 11,133 10,699
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 79,330 76,889
Accumulated depreciation (21,750) (20,519)
Total property, plant and equipment 57,580 56,370
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $8,674 at October 31, 2021 and $8,041 at April 30, 2021) 8,045 8,211
OTHER ASSETS:    
Other assets (net of accumulated amortization of $11,234 at October 31, 2021 and $10,886 at April 30, 2021) 1,790 2,872
Deferred tax asset, net 1,710 0
Total other assets 3,500 2,872
Total assets 96,976 101,921
CURRENT LIABILITIES:    
Current maturities of long-term debt 5,041 5,972
Current maturities of lease liability 103 107
Accounts payable 2,743 1,893
Contract liability 1,245 5,798
Gaming facility mandated payment 1,558 1,458
Compensation and compensated absences 1,830 1,862
Income taxes payable 922 212
Other current liabilities 440 265
Total current liabilities 13,882 17,567
LONG-TERM LIABILITIES    
Long-term debt, net of current maturities 44,797 39,816
Lease liability, net of current maturities 2,706 2,759
Deferred tax liability, net 0 400
Total long-term liabilities 47,503 42,975
Total liabilities 61,385 60,542
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 79,070,382 shares, and outstanding 75,360,459 shares at October 31, 2021 and issued 79,070,382 shares, and outstanding 75,366,749 shares at April 30, 2021 790 790
Capital contributed in excess of par 11,078 16,900
Treasury stock at cost, 3,709,923 shares at October 31, 2021 and 3,703,633 shares at April 30, 2021 (1,913) (1,909)
Retained earnings 25,636 19,580
Total Butler National Corporation's stockholders' equity 35,591 35,361
Noncontrolling interest in BHCMC, LLC 0 6,018
Total stockholders' equity 35,591 41,379
Total liabilities and stockholders' equity 96,976 101,921
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0