Intangible Assets (Tables)

12 Months Ended

May 02, 2021

Summary of Intangible Assets

A summary of intangible assets follows:

(dollars in thousands)	May 2, 2021		May 3, 2020
Tradenames	$	540	$	540
Customer relationships, net		1,937		2,238
Non-compete agreement, net		527		602
	$	3,004	$	3,380

Summary of Change in Acquired Tradenames

A summary of the change in the carrying amount of our tradenames follows:

(dollars in thousands)	2021		2020			2019
beginning balance	$	540		7,232			683
acquisition of assets (note 3)		—		—			6,549
loss on impairment - continuing operations		—		(143	)		—
loss on impairment - discontinued operation (note 3)		—		(6,549	)		—
ending balance	$	540		540			7,232

Customer Relationships [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our customer relationships follows:

(dollars in thousands)	2021			2020			2019
beginning balance	$	2,238			2,538			2,839
amortization expense		(301	)		(300	)		(301	)
ending balance	$	1,937			2,238			2,538

Non-Compete Agreement [Member] | Prior Acquisition [Member] | Mattress Fabrics [Member]

Summary of Change in Carrying Amount of Finite-Lived Intangible Assets

A summary of the change in the carrying amount of our non-compete agreement associated with a prior year acquisition by our mattress fabrics segment follows:

(dollars in thousands)	2021			2020			2019
beginning balance	$	602			678			753
amortization expense		(75	)		(76	)		(75	)
ending balance	$	527			602			678