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CONSOLIDATED BALANCE SHEETS - USD ($)
May 02, 2021
May 03, 2020
current assets:    
cash and cash equivalents $ 37,009,000 $ 69,790,000
short-term investments - available for sale 5,542,000 923,000
short-term investments - held to maturity 3,161,000 4,271,000
accounts receivable, net 37,726,000 25,093,000
inventories 55,917,000 47,907,000
current income taxes receivable   1,585,000
other current assets 3,852,000 2,116,000
total current assets 143,207,000 151,685,000
property, plant and equipment, net 44,003,000 43,147,000
intangible assets 3,004,000 3,380,000
long-term investments - rabbi trust 8,415,000 7,834,000
long-term investments - held-to-maturity 1,141,000 2,076,000
right of use asset 11,730,000 3,903,000
investment in unconsolidated joint venture   1,602,000
deferred income taxes 545,000 793,000
other assets 2,035,000 664,000
total assets 214,080,000 215,084,000
current liabilities:    
line of credit - China operations   1,015,000
Paycheck Protection Program loan   7,606,000
accounts payable - trade 42,540,000 23,002,000
accounts payable - capital expenditures 348,000 107,000
operating lease liability - current 2,736,000 1,805,000
deferred revenue 540,000 502,000
accrued expenses 14,839,000 5,687,000
income taxes payable - current 229,000 395,000
total current liabilities 61,232,000 40,119,000
line of credit - U.S. operations   29,750,000
accrued expense - long-term   167,000
operating lease liability - long-term 6,821,000 2,016,000
income taxes payable - long-term 3,326,000 3,796,000
deferred income taxes 5,330,000 1,818,000
deferred compensation 8,365,000 7,720,000
total liabilities 85,074,000 85,386,000
commitments and contingencies (notes 11 and 13)
shareholders' equity:    
preferred stock, $.05 par value, authorized 10,000,000 shares
common stock, $.05 par value, authorized 40,000,000 shares, issued and outstanding 12,312,822 at May 2, 2021 and 12,284,946 at May 3, 2020 616,000 615,000
capital contributed in excess of par value 43,807,000 42,582,000
accumulated earnings 84,437,000 86,511,000
accumulated other comprehensive income (loss) 146,000 (10,000)
total equity 129,006,000 129,698,000
total liabilities and equity $ 214,080,000 $ 215,084,000