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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2021
Apr. 30, 2021
Current assets:    
Cash and cash equivalents $ 10,623 $ 9,807
Marketable securities 9,955 10,313
Accounts receivable, net of allowance for doubtful accounts of $111 at October 31, 2021 and April 30, 2021 8,743 5,515
Costs and estimated earnings in excess of billings, net 0 1,948
Inventories, net 19,477 19,661
Prepaid income taxes 453 444
Prepaid expenses and other 1,226 991
Total current assets 50,477 48,679
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 9,403 9,612
Goodwill 617 617
Cash surrender value of life insurance 9,990 15,396
Other assets 1,804 1,939
Right-of-Use assets – operating leases 9,087 9,773
Total assets 81,378 86,016
Current liabilities:    
Accounts payable – trade 970 1,080
Accrued liabilities 3,710 5,245
Loss provision accrual 72 57
Operating lease liability 1,779 1,715
Billings in excess of costs and estimated earnings, net 3,479 0
Total current liabilities 10,010 8,097
Deferred compensation 9,007 14,017
Deferred taxes 8 8
Operating lease liability – non-current 7,605 8,366
Other liabilities 119 119
Total liabilities 26,749 30,607
Commitments and contingencies
Stockholders’ equity:    
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued
Common stock - $1.00 par value; authorized 20,000 shares, 9,264 shares issued and 9,263 shares outstanding at October 31, 2021; 9,226 shares issued and 9,225 shares outstanding at April 30, 2021 9,264 9,226
Additional paid-in capital 57,693 57,355
Accumulated deficit (12,535) (11,457)
Common stock reacquired and held in treasury - at cost (1 share at October 31, 2021 and 1 share at April 30, 2021) (6) (6)
Accumulated other comprehensive income 213 291
Total stockholders’ equity 54,629 55,409
Total liabilities and stockholders’ equity $ 81,378 $ 86,016