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Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 30, 2022
Apr. 30, 2021
CURRENT ASSETS:    
Cash $ 12,487 $ 22,022
Accounts receivable, net of allowance for doubtful accounts 3,636 1,961
Inventories    
Parts and raw materials 4,722 4,829
Work in process 4,080 3,657
Finished goods 70 82
Total inventory, net of allowance 8,872 8,568
Contract asset 1,470 421
Prepaid expenses and other current assets 1,361 1,496
Total current assets 27,826 34,468
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use asset 3,240 3,099
Construction in progress 6,417 1,170
Land 4,751 4,751
Building and improvements 40,962 39,747
Aircraft 8,719 9,138
Machinery and equipment 4,917 4,253
Office furniture and fixtures 11,826 10,699
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 84,864 76,889
Accumulated depreciation (23,290) (20,519)
Total property, plant and equipment 61,574 56,370
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $9,336 at April 30, 2022 and $8,041 at April 30, 2021) 8,018 8,211
OTHER ASSETS:    
Other assets (net of accumulated amortization of $11,575 at April 30, 2022 and $10,886 at April 30, 2021) 1,621 2,872
Deferred tax asset, net 1,770 0
Total other assets 3,391 2,872
Total assets 100,809 101,921
CURRENT LIABILITIES:    
Current maturities of long-term debt 5,165 5,972
Current maturities of lease liability 106 107
Accounts payable 2,773 1,893
Contract liability 820 5,798
Gaming facility mandated payment 1,630 1,458
Compensation and compensated absences 1,911 1,862
Income tax payable 1,049 212
Other current liabilities 211 265
Total current liabilities 13,665 17,567
Long-term debt, net of current maturities 43,411 39,816
Lease liability, net of current maturities 2,899 2,759
Deferred tax liability, net 0 400
Total long-term liabilities 46,310 42,975
Total liabilities 59,975 60,542
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 80,348,572 shares, and outstanding 76,458,146 shares at April 30, 2022 and issued 79,070,382 shares, and outstanding 75,366,749 shares at April 30, 2021 803 790
Capital contributed in excess of par 12,160 16,900
Treasury stock at cost, 3,890,426 shares at April 30, 2022 and 3,703,633 shares at April 30, 2021 (2,077) (1,909)
Retained earnings 29,948 19,580
Total Butler National Corporation's stockholders' equity 40,834 35,361
Noncontrolling interest in BHCMC, LLC 0 6,018
Total stockholders' equity 40,834 41,379
Total liabilities and stockholders' equity 100,809 101,921
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0