XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2023
Apr. 30, 2022
CURRENT ASSETS:    
Cash $ 17,196 $ 12,487
Accounts receivable, net of allowance for doubtful accounts 4,754 3,636
Inventories    
Parts and raw materials 5,331 4,722
Work in process 3,994 4,080
Finished goods 50 70
Total inventory, net of allowance 9,375 8,872
Contract asset 2,722 1,470
Prepaid expenses and other current assets 3,907 1,361
Total current assets 37,954 27,826
PROPERTY, PLANT AND EQUIPMENT:    
Lease right-to-use assets 3,781 3,240
Construction in progress 0 6,417
Land 4,751 4,751
Building and improvements 47,813 40,962
Aircraft 8,798 8,719
Machinery and equipment 5,345 4,917
Office furniture and fixtures 13,207 11,826
Leasehold improvements 4,032 4,032
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, before Accumulated Depreciation and Amortization 87,727 84,864
Accumulated depreciation (26,109) (23,290)
Total property, plant and equipment 61,618 61,574
SUPPLEMENTAL TYPE CERTIFICATES (net of accumulated amortization of $10,239 at January 31, 2023 and $9,336 at April 30, 2022) 8,625 8,018
OTHER ASSETS:    
Other assets (net of accumulated amortization of $12,113 at January 31, 2023 and $11,575 at April 30, 2022) 1,390 1,621
Deferred tax asset, net 1,490 1,770
Total other assets 2,880 3,391
Total assets 111,077 100,809
CURRENT LIABILITIES:    
Current maturities of long-term debt 4,814 5,165
Current maturities of lease liability 142 106
Accounts payable 6,672 2,773
Contract liability 4,863 820
Gaming facility mandated payment 1,373 1,630
Compensation and compensated absences 3,006 1,911
Income taxes payable 116 1,049
Other current liabilities 473 211
Total current liabilities 21,459 13,665
LONG-TERM LIABILITIES    
Long-term debt, net of current maturities 39,821 43,411
Lease liability, net of current maturities 3,351 2,899
Total long-term liabilities 43,172 46,310
Total liabilities 64,631 59,975
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:    
Common stock, par value $.01: authorized 100,000,000 shares issued 79,873,572 shares, and outstanding 75,896,050 shares at January 31, 2023 and issued 80,348,572 shares, and outstanding 76,458,146 shares at April 30, 2022 799 803
Capital contributed in excess of par 12,745 12,160
Treasury stock at cost, 3,977,522 shares at January 31, 2023 and 3,890,426 shares at April 30, 2022 (2,137) (2,077)
Retained earnings 35,039 29,948
Total stockholders' equity 46,446 40,834
Total liabilities and stockholders' equity 111,077 100,809
Preferred Class A [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock 0 0
Preferred Class B [Member]    
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0