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SELECTED QUARTERLY DATA (UNAUDITED)
12 Months Ended
Apr. 28, 2013
SELECTED QUARTERLY DATA (UNAUDITED)
SELECTED QUARTERLY DATA (UNAUDITED)
 
                                               
                                                 
   
fiscal
   
fiscal
   
fiscal
   
fiscal
   
fiscal
   
fiscal
   
fiscal
   
fiscal
 
   
2013
   
2013
   
2013
   
2013
   
2012
   
2012
   
2012
   
2012
 
(amounts in thousands)
 
4th quarter
   
3rd quarter
   
2nd quarter
   
1st quarter
   
4th quarter
   
3rd quarter
   
2nd quarter
   
1st quarter
 
INCOME STATEMENT DATA
                                               
   net sales
  $ 70,375       63,695       65,560       69,184       75,711       60,450       58,013       60,270  
   cost of sales
    57,527       52,010       53,683       56,064       62,013       51,939       49,367       51,392  
          gross profit
    12,848       11,685       11,877       13,120       13,698       8,511       8,646       8,878  
   selling, general and administrative expenses
    6,772       6,822       7,209       7,641       8,031       5,518       5,720       5,757  
          income from operations
    6,076       4,863       4,668       5,479       5,667       2,993       2,926       3,121  
   interest expense
    140       145       156       190       190       181       188       220  
   interest income
    (90 )     (105 )     (96 )     (127 )     (121 )     (148 )     (110 )     (129 )
   other expense (income)
    163       300       76       44       104       83       (15 )     65  
          income before income taxes
    5,863       4,523       4,532       5,372       5,494       2,877       2,863       2,965  
   income taxes
    2,161       1,700       (3,736 )     1,848       2,071       1,075       (3,389 )     1,145  
          net income
  $ 3,702       2,823       8,268       3,524       3,423       1,802       6,252       1,820  
   depreciation
  $ 1,297       1,279       1,285       1,254       1,264       1,214       1,200       1,187  
   weighted average shares outstanding
    12,102       12,095       12,191       12,551       12,513       12,536       12,733       13,061  
   weighted average shares outstanding,
                                                               
       assuming dilution
    12,323       12,290       12,348       12,711       12,695       12,677       12,871       13,205  
PER SHARE DATA
                                                               
   net income per share - basic
  $ 0.31       0.23       0.68       0.28       0.27       0.14       0.49       0.14  
   net income per share - diluted
    0.30       0.23       0.67       0.28       0.27       0.14       0.49       0.14  
   book value
    7.82       7.52       7.81       7.26       7.00       6.73       6.59       6.17  
BALANCE SHEET DATA
                                                               
   operating working capital (3)
  $ 39,228       40,214       35,616       36,637       30,596       31,418       28,216       28,399  
   property, plant and equipment, net
    30,594       30,055       30,621       31,016       31,279       30,285       30,431       30,615  
   total assets
    144,706       143,797       142,443       143,160       144,716       131,457       127,124       129,307  
   capital expenditures
    1,863       713       890       991       2,326       1,068       1,019       1,506  
   long-term debt, current maturities of
   long-term debt, and line of credit (1)
    7,161       7,342       7,692       9,900       10,012       9,166       9,219       11,488  
   shareholders' equity
    95,583       91,966       95,388       91,831       89,000       85,371       84,097       81,351  
   capital employed (2)
    72,699       71,758       70,596       75,177       67,887       70,042       66,889       69,520  
RATIOS & OTHER DATA
                                                               
   gross profit margin
    18.3 %     18.3 %     18.1 %     19.0 %     18.1 %     14.1 %     14.9 %     14.7 %
   operating income margin
    8.6       7.6       7.1       7.9       7.5       5.0       5.0       5.2  
   net income margin
    5.3       4.4       12.6       5.1       4.5       3.0       10.8       3.0  
   effective income tax rate
    36.9       37.6       (82.4 )     34.4       37.7       37.4       (118.4 )     38.6  
   Debt-to-total capital employed ratio (1)
    9.9       10.2       10.9       13.2       14.7       13.1       13.8       16.5  
   operating working capital turnover (3)
    7.4       7.9       8.3       8.5       8.9       8.7       8.7       8.6  
   days sales in receivables
    30       32       29       24       29       31       25       26  
   inventory turnover
    6.0       5.3       5.5       5.2       7.5       6.2       6.0       6.0  
STOCK DATA
                                                               
   stock price
                                                               
      high
  $ 18.15       16.82       12.35       11.99       11.81       9.18       9.75       10.78  
      low
    14.76       12.00       9.75       9.00       8.90       7.67       7.05       7.30  
      close
    16.25       16.70       12.28       10.15       11.05       9.10       8.65       8.92  
   daily average trading volume (shares)
    51.9       43.4       29.9       38.6       12.1       10.2       26.7       72.6  
 
(1)
Debt includes long-term debt, current maturities of long-term debt, and line of credit.
   
(2)
Capital employed represents long-term and current maturities of long-term debt, lines of credit, current and noncurrent
 
deferred income tax liabilities, current and long-term income taxes payable, stockholders' equity, offset by cash and cash equivalents,
 
short-term investments, current and noncurrent deferred income tax assets, and income taxes receivable.
   
(3)
Operating working capital for this calculation is accounts receivable and inventories, offset by accounts payable-trade and capital expenditures