Culp (CULP) 10-Q 9 Mar 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 29, 2023	Mar. 08, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 29, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Trading Symbol	CULP
Entity Common Stock, Shares Outstanding		12,311,583
Entity File Number	1-12597
Entity Tax Identification Number	56-1001967
Entity Address, Address Line One	1823 Eastchester Drive
Entity Address, City or Town	High Point
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27265-1402
City Area Code	336
Local Phone Number	889-5161
Entity Incorporation State Country Code	NC
Title of 12(b) Security	Common Stock, par value $.05/ Share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Income Statement [Abstract]
Net sales	$ 52,523	$ 80,291	$ 173,508	$ 237,899
Cost of sales	(50,430)	(71,181)	(169,500)	(205,563)
Gross profit	2,093	9,110	4,008	32,336
Selling, general and administrative expenses	(9,165)	(8,007)	(27,133)	(26,275)
Restructuring expense	(711)		(1,326)
(Loss) income from operations	(7,783)	1,103	(24,451)	6,061
Interest income	196	214	292	347
Other expense	(1,095)	(322)	(348)	(963)
(Loss) income before income taxes	(8,682)	995	(24,507)	5,445
Income tax expense	(286)	(1,284)	(2,332)	(2,633)
Net (loss) income	$ (8,968)	$ (289)	$ (26,839)	$ 2,812
Net (loss) income per share - basic	$ (0.73)	$ (0.02)	$ (2.19)	$ 0.23
Net (loss) income per share - diluted	$ (0.73)	$ (0.02)	$ (2.19)	$ 0.23
Average shares outstanding, basic	12,299	12,212	12,272	12,249
Average shares outstanding, diluted	12,299	12,212	12,272	12,341

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Consolidated Statements of Comprehensive (Loss) Income
Net (loss) income	$ (8,968)	$ (289)	$ (26,839)	$ 2,812
Unrealized holding gain (loss) on investments, net of tax	42	(229)	(11)	(86)
Reclassification adjustment for realized loss on sale of investments		32		28
Comprehensive (loss) income	$ (8,926)	$ (486)	$ (26,850)	$ 2,754

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jan. 29, 2023	May 01, 2022		Jan. 30, 2022
Current assets:
Cash and cash equivalents	$ 16,725,000	$ 14,550,000	[1]	$ 11,780,000
Short-term investments - held-to-maturity				1,315,000
Short-term investments - available for sale				438,000
Short-term investments - rabbi trust	2,420,000
Accounts receivable, net	21,241,000	22,226,000	[1]	38,998,000
Inventories	47,627,000	66,557,000	[1]	73,133,000
Assets held for sale	1,950,000
Current income taxes receivable	238,000	857,000	[1]	367,000
Other current assets	2,839,000	2,986,000	[1]	4,419,000
Total current assets	93,040,000	107,176,000	[1]	130,450,000
Property, plant and equipment, net	37,192,000	41,702,000	[1]	42,778,000
Right of use assets	8,913,000	15,577,000	[1]	16,595,000
Intangible assets	2,346,000	2,628,000	[1]	2,722,000
Long-term investments - rabbi trust	7,725,000	9,357,000	[1]	9,223,000
Long-term investments - held-to-maturity				8,677,000
Deferred income taxes	463,000	528,000	[1]	500,000
Other assets	919,000	595,000	[1]	622,000
Total assets	150,598,000	177,563,000	[1]	211,567,000
Current liabilities:
Accounts payable - trade	22,540,000	20,099,000	[1]	46,690,000
Accounts payable - capital expenditures	25,000	473,000	[1]	33,000
Operating lease liability - current	2,785,000	3,219,000	[1]	3,295,000
Deferred compensation	2,420,000
Deferred revenue	1,430,000	520,000	[1]	518,000
Accrued expenses	6,701,000	7,832,000	[1]	8,446,000
Income taxes payable - current	467,000	413,000	[1]	240,000
Total current liabilities	36,368,000	32,556,000	[1]	59,222,000
Operating lease liability - noncurrent	4,399,000	7,062,000	[1]	7,848,000
Income taxes payable - long-term	2,648,000	3,097,000	[1]	3,099,000
Deferred income taxes	6,089,000	6,004,000	[1]	5,484,000
Deferred compensation	7,590,000	9,343,000	[1]	9,180,000
Total liabilities	57,094,000	58,062,000	[1]	84,833,000
Commitments and Contingencies -Notes 9, 15, and 16)
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,311,583 at January 29, 2023; 12,218,067 at January 30, 2022, and 12,228,629 at May 1, 2022	616,000	611,000	[1]	611,000
Capital contributed in excess of par value	43,992,000	43,143,000	[1]	42,890,000
Accumulated earnings	48,875,000	75,715,000	[1]	83,145,000
Accumulated other comprehensive income	21,000	32,000	[1]	88,000
Total shareholders' equity	93,504,000	119,501,000	[1]	126,734,000
Total liabilities and shareholders' equity	$ 150,598,000	$ 177,563,000	[1]	$ 211,567,000
[1] Derived from audited financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 29, 2023	May 01, 2022	[1]	Jan. 30, 2022
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.05	$ 0.05		$ 0.05
Preferred stock, authorized shares	10,000,000	10,000,000		10,000,000
Common stock, par value	$ 0.05	$ 0.05		$ 0.05
Common stock, authorized shares	40,000,000	40,000,000		40,000,000
Common stock, issued	12,311,583	12,228,629		12,218,067
Common stock, outstanding	12,311,583	12,228,629		12,218,067
[1] Derived from audited financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Cash flows from operating activities:
Net (loss) income	$ (26,839)	$ 2,812
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation	5,228	5,203
Non-cash inventory charges	6,301	1,407
Amortization	323	417
Stock-based compensation	887	880
Deferred income taxes	150	199
Realized loss from the sale of short-term investments available for sale		28
Gain sale of equipment	(312)
Non-cash restructuring expenses	791
Foreign currency exchange (gain) loss	(362)	240
Changes in assets and liabilities:
Accounts receivable	954	(1,228)
Inventories	12,477	(18,453)
Other current assets	(39)	(571)
Other assets	(76)	(1,404)
Accounts payable – trade	3,051	3,865
Deferred revenue	910	(22)
Accrued expenses and deferred compensation	885	(5,130)
Income taxes	254	(612)
Net cash provided by (used in) operating activities	4,583	(12,369)
Cash flows from investing activities:
Capital expenditures	(1,602)	(5,288)
Proceeds from the sale of equipment	465
Proceeds from the maturity of short-term investments (Held to Maturity)		3,953
Purchase of short-term and long-term investments (Held to Maturity)		(9,751)
Purchase of short-term investments (Available for Sale)		(4,392)
Proceeds from the sale of short-term investments (Available for Sale)		9,442
Proceeds from the sale of long-term investments (rabbi trust)	70	33
Purchase of long-term investments (rabbi trust)	(870)	(873)
Net cash used in investing activities	(1,937)	(6,876)
Cash flows from financing activities:
Payments associated with lines of credit		(3,000)
Proceeds associated with lines of credit		3,000
Dividends paid		(4,104)
Common stock repurchased		(1,752)
Common stock surrendered for withholding taxes payable	(33)	(50)
Payments of debt issuance costs	(289)	(110)
Net cash used in financing activities	(322)	(6,016)
Effect of exchange rate changes on cash and cash equivalents	(149)	32
Increase (decrease) in cash and cash equivalents	2,175	(25,229)
Cash and cash equivalents at beginning of period	14,550	37,009
Cash and cash equivalents at end of period	$ 16,725	$ 11,780

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands		Total		Common Stock		Capital Contributed in Excess of Par Value		Accumulated Earnings		Accumulated Other Comprehensive (Loss) Income
Balance at May. 02, 2021	[1]	$ 129,006		$ 616		$ 43,807		$ 84,437		$ 146
Balance (in shares) at May. 02, 2021	[1]			12,312,822
Net income (loss)		2,250						2,250
Stock-based compensation		274				274
Unrealized gain (loss) on investments		148								148
Common stock issued in connection with vesting of performance based restricted stock units (in shares)				10,863
Common stock surrendered in connection with payroll withholding taxes		(50)				(50)
Common stock surrendered in connection with payroll withholding taxes (in shares)				(3,025)
Fully vested common stock award, (in shares)				4,312
Common stock repurchased		(723)		$ (2)		(721)
Common stock repurchased (in shares)				(48,686)
Dividends paid		(1,356)						(1,356)
Balance at Aug. 01, 2021		129,549		$ 614		43,310		85,331		294
Balance (in shares) at Aug. 01, 2021				12,276,286
Balance at May. 02, 2021	[1]	129,006		$ 616		43,807		84,437		146
Balance (in shares) at May. 02, 2021	[1]			12,312,822
Net income (loss)		2,812
Common stock repurchased		(1,800)
Common stock repurchased (in shares)				(121,688)
Balance at Jan. 30, 2022		126,734		$ 611		42,890		83,145		88
Balance (in shares) at Jan. 30, 2022				12,218,067
Balance at Aug. 01, 2021		129,549		$ 614		43,310		85,331		294
Balance (in shares) at Aug. 01, 2021				12,276,286
Net income (loss)		851						851
Stock-based compensation		435				435
Unrealized gain (loss) on investments		(9)								(9)
Fully vested common stock award, (in shares)				6,426
Common stock repurchased		(1,029)		$ (3)		(1,026)
Common stock repurchased (in shares)				(73,002)
Dividends paid		(1,343)						(1,343)
Balance at Oct. 31, 2021		128,454		$ 611		42,719		84,839		285
Balance (in shares) at Oct. 31, 2021				12,209,710
Net income (loss)		(289)						(289)
Stock-based compensation		171				171
Unrealized gain (loss) on investments		(197)								(197)
Fully vested common stock award, (in shares)				8,357
Dividends paid		(1,405)						(1,405)
Balance at Jan. 30, 2022		126,734		$ 611		42,890		83,145		88
Balance (in shares) at Jan. 30, 2022				12,218,067
Balance at May. 01, 2022		119,501	[2]	$ 611	[1]	43,143	[1]	75,715	[1]	32	[1]
Balance (in shares) at May. 01, 2022	[1]			12,228,629
Net income (loss)		(5,699)						(5,699)
Stock-based compensation		252				252
Unrealized gain (loss) on investments		(7)								(7)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)				913
Common stock issued in connection with the vesting of time-based restricted stock units				$ 2		(2)
Common stock issued in connection with the vesting of time-based restricted stock units (in shares)				32,199
Common stock surrendered in connection with payroll withholding taxes		(52)				(52)
Common stock surrendered in connection with payroll withholding taxes (in shares)				(6,708)
Fully vested common stock award				$ 1		(1)
Fully vested common stock award, (in shares)				19,753
Balance at Jul. 31, 2022		113,995		$ 614		43,340		70,016		25
Balance (in shares) at Jul. 31, 2022				12,274,786
Balance at May. 01, 2022		119,501	[2]	$ 611	[1]	43,143	[1]	75,715	[1]	32	[1]
Balance (in shares) at May. 01, 2022	[1]			12,228,629
Net income (loss)		(26,839)
Common stock repurchased (in shares)				0
Balance at Jan. 29, 2023		93,504		$ 616		43,992		48,875		21
Balance (in shares) at Jan. 29, 2023				12,311,583
Balance at Jul. 31, 2022		113,995		$ 614		43,340		70,016		25
Balance (in shares) at Jul. 31, 2022				12,274,786
Net income (loss)		(12,173)						(12,173)
Stock-based compensation		313				313
Unrealized gain (loss) on investments		(46)								(46)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)				669
Common stock surrendered in connection with payroll withholding taxes		19				19
Common stock surrendered in connection with payroll withholding taxes (in shares)				(20)
Fully vested common stock award				$ 1		(1)
Fully vested common stock award, (in shares)				18,327
Balance at Oct. 30, 2022		102,108		$ 615		43,671		57,843		(21)
Balance (in shares) at Oct. 30, 2022				12,293,762
Net income (loss)		(8,968)						(8,968)
Stock-based compensation		322				322
Unrealized gain (loss) on investments		42								42
Fully vested common stock award				$ 1		(1)
Fully vested common stock award, (in shares)				17,821
Balance at Jan. 29, 2023		$ 93,504		$ 616		$ 43,992		$ 48,875		$ 21
Balance (in shares) at Jan. 29, 2023				12,311,583
[1] Derived from audited financial statements. Derived from audited financial statements.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jan. 29, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Culp, Inc. and its majority-owned subsidiaries (the “company”) include all adjustments that are, in the opinion of management, necessary for fair presentation of the results of operations and financial position. All these adjustments are of a normal recurring nature. Results of operations for interim periods may not be indicative of future results. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on July 15, 2022, for the fiscal year ended May 1, 2022. Certain amounts presented in the prior period have been reclassified to conform to the current period financial statement presentation. A non-cash charge totaling $ 1.4 million for markdowns of inventory estimated based on our policy for aged inventory was reclassified from the line item "Inventories" to the line item "Non-cash inventory charges" in the Consolidated Statement of Cash Flows for the nine months ended January 30, 2022. This reclassification did not have an effect on previously reported net cash used in operating activities and decrease in cash and cash equivalents. The company’s nine months ended January 29, 2023, and January 30, 2022, each represent 39-week periods.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Jan. 29, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of January 29, 2023, there were no changes in the nature of our significant accounting policies or the application of those policies from those reported in our annual report on Form 10-K for the year then ended May 1, 2022. Recently Adopted Accounting Pronouncements There were not any recently adopted accounting pronouncements during the first nine months of fiscal 2023. Recently Issued Accounting Pronouncements Currently, there are no new recent accounting pronouncements that are expected to have a material effect on our consolidated financial statements.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	9 Months Ended
	Jan. 29, 2023
Receivables [Abstract]
Allowance for Doubtful Accounts	3. Allowance for Doubtful Accounts A summary of the activity in the allowance for doubtful accounts follows: Nine Months Ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 292 $ 591 Provision for bad debts 33 86 Write-offs, net of recoveries ( 72 ) ( 34 ) Ending balance $ 253 $ 643 During the nine-month periods ended January 29, 2023, and January 30, 2022, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customers' (i) financial position; (ii) past payment history; (iii) management’s general ability; and (iv) historical loss experience; as well as (v) any other ongoing economic conditions. After our risk assessment was completed, we assigned credit grades to our customers, which in turn, were used to determine our allowance for doubtful accounts totaling $ 253,000 and $ 643,000 as of January 29, 2023, and January 30, 2022, respectively. On June 25, 2022, a significant customer and its affiliates associated with our mattress fabrics segment announced that they filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Our customer and its affiliates entered into an asset purchase agreement for the sale of substantially all of their assets and they are now conducting normal business operations. We did not record a credit loss associated with outstanding accounts receivable dated on or prior to May 1, 2022, for this customer and its affiliates, as we received payment in full regarding these invoices. We did not record a credit loss associated with outstanding accounts receivable dated after May 1, 2022, relating to products sold prior to the bankruptcy filing, as we received payment in full regarding these invoices. On January 23, 2023, a significant customer and its affiliates associated with our mattress fabrics segment filed pre-planned voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Our customer and its affiliates are operating as normal as a debtor-in-possession and subject to and within the provisions of the petitions as approved by the U.S. Bankruptcy Court. We did not record a credit loss with associated outstanding accounts receivable dated prior to January 29, 2023, for this customer and its affiliates, as mostly all of the outstanding receivables were paid during the fourth quarter of fiscal 2023, and based on information available to us at this time, we do not believe there is a risk of material loss on the remaining accounts receivable. We continue to sell to the customer on credit terms and are being paid in the normal course of business.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Jan. 29, 2023
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	4 . Revenue from Contracts with Customers Nature of Performance Obligations Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. In addition, the upholstery fabrics segment includes Read Window Products LLC (“Read”), which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. Our primary performance obligations include the sale of mattress fabrics and upholstery fabrics, as well as the performance of customized fabrication and installation services for Read’s products associated with window treatments. Contract Assets & Liabilities Certain contracts, primarily those for customized fabrication and installation services associated with Read, require upfront customer deposits that result in a contract liability which is recorded in the Consolidated Balance Sheets as deferred revenue. Our terms are customary within the industries in which we operate and are not considered financing arrangements. There were no contract assets recognized as of January 29, 2023, January 30, 2022, and May 1, 2022. A summary of the activity associated with deferred revenue follows: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 520 $ 540 Revenue recognized on contract liabilities ( 3,496 ) ( 2,276 ) Payments received for services not yet rendered 4,406 2,254 Ending balance $ 1,430 $ 518 Disaggregation of Revenue The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending January 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 24,697 $ 25,575 $ 50,272 Services transferred over time — 2,251 2,251 Total Net Sales $ 24,697 $ 27,826 $ 52,523 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending January 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 38,439 $ 39,400 $ 77,839 Services transferred over time — 2,452 2,452 Total Net Sales $ 38,439 $ 41,852 $ 80,291 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the nine-month period ending January 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 80,299 $ 86,981 $ 167,280 Services transferred over time — 6,228 6,228 Total Net Sales $ 80,299 $ 93,209 $ 173,508 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the nine-month period ending January 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 122,380 $ 109,105 $ 231,485 Services transferred over time — 6,414 6,414 Total Net Sales $ 122,380 $ 115,519 $ 237,899

Inventories

Inventories	9 Months Ended
	Jan. 29, 2023
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories are carried at the lower of cost or net realizable value. Cost is determined using the FIFO (first-in, first-out) method. A summary of inventories follows: (dollars in thousands) January 29, January 30, May 1, Raw materials $ 9,623 $ 12,964 $ 13,477 Work-in-process 3,164 4,679 4,237 Finished goods 34,840 55,490 48,843 $ 47,627 $ 73,133 $ 66,557 Substantial and Unusual Losses Resulting from Subsequent Measurement of Inventory We incurred non-cash inventory charges totaling $ 6.3 million during the first nine months of fiscal 2023. These charges represent a $ 2.9 million write-down of inventory to its net realizable value associated with our mattress fabrics segment, $ 3.3 million related to markdowns of inventory estimated based on our policy for aged inventory in both our mattress and upholstery fabrics segments, and $ 98,000 for the loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China (see Note 8 to the consolidated financial statements for further details). Of the $ 6.3 million non-cash inventory charge for the first nine months of fiscal 2023, $ 3.9 million and $ 2.4 million pertained to our mattress fabrics and upholstery fabrics segments, respectively. We incurred a non-cash inventory charge of $ 1.4 million for the first nine months of fiscal 2022, which represents markdowns of inventory estimated based on our policy for aged inventory in both mattress and upholstery fabrics segments. Mattress Fabrics Segment - Net Realizable Value During the second quarter of fiscal 2023, our mattress fabrics segment experienced a 35.8 % decline in net sales compared with the second quarter of fiscal 2022. This decline in net sales led to a significant decrease in gross margin to ( 8.7 %), excluding non-cash inventory charges of $ 3.8 million during the second quarter of fiscal 2023, as compared with gross margin of 15.0 % during the second quarter of fiscal 2022. The significant decline in net sales and profitability during the second quarter of fiscal 2023 stemmed from a greater than anticipated decline in consumer discretionary spending, which we believe was due to the following factors: (i) inflationary effects of commodities such as gas, food, and other necessities; (ii) a significant increase in interest rates; (iii) the pulling forward of demand for home goods products during the early years of the COVID-19 pandemic, which demand has now shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to the decline in consumer demand. Based on this evidence, management conducted a thorough review of its mattress fabrics inventory, and as result, recorded a charge of $ 2.9 million within cost of sales to write down inventory to its net realizable value. This $ 2.9 million charge was based on management's best estimates of product sales prices, customer demand trends, and its plans to transition to new products. As of January 29, 2023, we reviewed our mattress fabrics inventory to determine if additional write-downs of inventory that were not recorded based on our policy for aged inventory were necessary. Based on this assessment, no additional write-downs of inventory to their net realizable value were recorded during the third quarter of fiscal 2023. Based on the current unfavorable macroeconomic conditions, it is possible that the estimates used by management to determine the write down of inventory to its net realizable value could be materially different from the actual amounts or its results. These differences could result in higher than expected inventory provisions, which could adversely affect the company's results of operations and financial condition in the near term.

Intangible Assets

Intangible Assets	9 Months Ended
	Jan. 29, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets A summary of intangible assets follows: (dollars in thousands) January 29, January 30, May 1, Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,411 1,711 1,636 Non-compete agreement, net 395 471 452 $ 2,346 $ 2,722 $ 2,628 Tradename Our tradename pertains to Read, a separate reporting unit within the upholstery fabrics segment. This tradename was determined to have an indefinite useful life at the time of its acquisition, and therefore is not being amortized. However, we are required to assess this tradename annually or between annual tests if we believe indicators of impairment exist. Based on our assessment as of January 29, 2023, no indicators of impairment existed, and therefore we did no t record any asset impairment charges associated with our tradename through the third quarter of fiscal 2023. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 1,636 $ 1,937 Amortization expense ( 225 ) ( 226 ) Ending balance $ 1,411 $ 1,711 Our customer relationships are amortized on a straight-line basis over useful lives ranging from nine to seventeen years . The gross carrying amount of our customer relationships was $ 3.1 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. Accumulated amortization for these customer relationships was $ 1.7 million, $ 1.4 million, and $ 1.5 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2023 - $ 76,000 ; FY 2024 - $ 301,000 ; FY 2025 - $ 301,000 ; FY 2026 - $ 301,000 ; FY 2027 - $ 279,000 ; and thereafter - $ 153,000 . The weighted average amortization period for our customer relationships was 5.0 years as of January 29, 2023. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 452 $ 527 Amortization expense ( 57 ) ( 56 ) Ending balance $ 395 $ 471 Our non-compete agreement is associated with a prior acquisition by our mattress fabrics segment and is amortized on a straight-line basis over the fifteen-year life of the agreement. The gross carrying amount of our non-compete agreement was $ 2.0 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. Accumulated amortization for our non-compete agreement was $ 1.6 million, $ 1.5 million, and $ 1.6 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. The remaining amortization expense for the next five years and thereafter follows: FY 2023 - $ 18,000 ; FY 2024 - $ 76,000 ; FY 2025 - $ 76,000 ; FY 2026 - $ 76,000 ; FY 2027 - $ 76,000 , and thereafter - $ 73,000 . The weighted average amortization period for the non-compete agreement was 5.3 years as of January 29, 2023. Impairment As of January 29, 2023, management reviewed the long-lived assets associated with our mattress fabrics segment, which consisted of property, plant, and equipment, right of use assets, and finite-lived intangible assets (collectively known as the "Asset Group"), for impairment, as events and changes in circumstances occurred that indicated the carrying amount of the Asset Group may not be recoverable. During the third quarter of fiscal 2023, the decline in net sales and profitability continued for our mattress fabrics segment. During the first nine months of fiscal 2023, net sales for our mattress fabrics segment declined by 34.4 %, compared with the first nine months of fiscal 2022. This decline in net sales led to a significant decrease in gross margin to ( 9.1 %) during the first nine months of fiscal 2023, compared with gross margin of 13.2 % during the first nine months of fiscal 2022. The significant decline in net sales and profitability during the first nine months of fiscal 2023 stemmed from a greater than anticipated decline in consumer discretionary spending, which we believe was due to the following factors: (i) inflationary effects of commodities such as gas, food, and other necessities; (ii) a significant increase in interest rates; (iii) the pulling forward of demand for home goods products during the early years of the COVID-19 pandemic, which demand has now shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to the decline in consumer demand. Based on the above evidence, we were required to determine the recoverability of the Asset Group, which is classified as held and used, by comparing the carrying amount of the Asset Group to the sum of the future undiscounted cash flows expected to result from its use and eventual disposition. If the carrying amount of an asset group exceeds its estimated future cash flows, an impairment charge is recognized for the excess of the carrying amount over the fair value (i.e., the sum of undiscounted future cash flows) of the asset. The carrying amount of the Asset Group totaled $ 37.8 million, which relates to property, plant, and equipment of $ 34.7 million, right of use assets of $ 2.5 million, customer relationships of $ 370,000 , and a non-compete agreement of 309,000 . Based on the comparison of the carrying amount of the Asset Group to the sum of its future undiscounted cash flows from its use and eventual disposition, we determined no impairment existed as of January 29, 2023, as the carrying amount of the Asset Group totaling $ 37.8 million did not exceed the sum of its future undiscounted cash flows.

Accrued Expenses

Accrued Expenses	9 Months Ended
	Jan. 29, 2023
Text Block [Abstract]
Accrued Expenses	7. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) January 29, January 30, May 1, Compensation, commissions and related benefits $ 3,571 $ 3,426 $ 4,248 Other accrued expenses 3,130 5,020 3,584 $ 6,701 $ 8,446 $ 7,832

Upholstery Fabrics Segment Rest

Upholstery Fabrics Segment Restructuring Activities	9 Months Ended
	Jan. 29, 2023
Restructuring and Related Activities [Abstract]
Upholstery Fabrics Segment Restructuring Activities	8. Upholstery Fabrics Segment Restructuring Activities Second Quarter of Fiscal 2023 During the second quarter of fiscal 2023, we closed our cut and sew upholstery fabrics operation located in Shanghai, China, which included the termination of an agreement to lease a building. This strategic action, along with the further use of our Asian supply chain, was our response to adjust our operating costs to better align with the declining consumer demand for cut and sewn products. As a result of this strategic action, we recorded restructuring expense and restructuring related charges during the second quarter of fiscal 2023 totaling $ 713,000 . Restructuring expense and restructuring related charges totaling $ 713,000 represent employee termination benefits of $ 468,000 , loss from the disposal and markdowns of inventory of $ 98,000 , impairment loss associated with equipment of $ 80,000 , lease termination costs of $ 47,000 , and other associated costs of $ 20,000 . Of the total $ 713,000 , $ 615,000 and $ 98,000 , were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net loss for the three-month period ending October 30, 2022 and the nine-month period ending January 29, 2023. Third Quarter of Fiscal 2023 Effective January 24, 2023, Culp Upholstery Fabrics Haiti, Ltd. ("CUF Haiti") entered into an agreement to terminate a lease associated with a facility located in Ouanaminthe, Haiti ("Haiti"), that was used solely for the production of cut and sewn kits associated with our upholstery fabrics segment. As a result, CUF Haiti's production of cut and sewn kits will be moved to an existing facility leased by Culp Home Fashions Haiti, Ltd. ("CHF Haiti"). Both CUF Haiti and CHF Haiti are indirect wholly-owned subsidiaries of Culp, Inc. CHF Haiti's facility, which is also located in Haiti, will now produce not only cut and sewn kits associated with our upholstery fabrics segment, but will also continue to produce cut and sewn mattress covers associated with our mattress fabrics segment. We believe this restructuring action will reduce the costs of our operations located in Haiti to better align with the declining consumer demand for cut and sewn products by consolidating existing facilities and reducing headcount. This restructuring action will be completed during the fourth quarter of fiscal 2023. As mentioned above, CUF Haiti entered into an agreement to terminate the lease ("the Termination Agreement") of a facility ("right of use asset"). Pursuant to the terms of the original lease agreement (the "Original Lease"), CUF Haiti was required to pay in advance $ 2.8 million for the full amount of rent due prior to the commencement of the Original Lease, and the initial lease term was set to expire on December 31, 2029 . Pursuant to the terms of the Termination Agreement, the Original Lease would not be formally terminated until CUF Haiti vacated and returned possession of their right of use asset associated with the Original Lease to the lessor, which was required prior to February 28, 2023, and did occur in the fourth quarter of fiscal 2023. After CUF Haiti vacated and returned possession of their right of use asset to the lessor, a third party (the "Lessee"") has taken possession of CUF Haiti's right of use asset and the Lessee will pay CUF Haiti $ 2.4 million over a period commencing on April 1, 2023 through December 31, 2029, based on monthly installments as stated in the Termination Agreement. In connection with the Termination Agreement, an affiliate of the Lessee has guaranteed payment in full of all amounts due and payable to CUF Haiti by the Lessee and CUF Haiti will be fully and unconditionally released and discharged from all of its obligations under the Termination Agreement and Original Lease. In connection with the Termination Agreement, CUF Haiti's right of use asset was classified as held for sale and is presented separately as assets held for sale on the Consolidated Balance Sheet as of January 29, 2023. As a result, CUF Haiti's right of use asset was recorded at its fair value of $ 2.0 million, which was lower than its carrying value as of January 29, 2023 (see Note 10 to the consolidated financial statements for further details regarding fair value measurement). Consequently, since the fair value of CUF Haiti's right of use asset was lower than its carrying amount, we recorded a restructuring charge of $ 434,000 during the third quarter of fiscal 2023 to reduce the carrying amount of CUF Haiti's right of use asset to its reported fair value. During the fourth quarter of fiscal 2023, CUF Haiti recognized the sale of their right of use asset, as they have vacated and returned possession of their right of use asset to the Lessor, and the Lessee has taken possession of CUF Haiti's right of use asset. As a result, CUF Haiti's right of use asset classified as held for sale was derecognized and a short-term and long-term note receivable was recognized based on the payments and timing of such payments due from the Lessee as stated in the Termination Agreement. As a result of this strategic action, we recorded restructuring expense of $ 711,000 during the third quarter of fiscal 2023, which represents lease termination costs of $ 434,000 and an impairment loss regarding leasehold improvements totaling $ 277,000 . The following summarizes our restructuring expense and restructuring related charges from both our restructuring activities noted above for the nine months ending January 29, 2023: Nine Months Ended (dollars in thousands) January 29, 2023 Lease termination costs $ 481 Employee termination benefits 468 Impairment loss - leasehold improvements and equipment 357 Loss on disposal and markdowns of inventory 98 Other associated costs 20 Restructuring expense and restructuring related charges (1) $ 1,424 (1) Of the total $ 1.4 million, $ 1.3 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the nine-month period ending January 29, 2023. The following summarizes the activity in accrued restructuring for the nine-month period ending January 29, 2023: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning balance $ — $ — $ — $ — Accrual established in fiscal 2023 468 47 — 515 Expenses incurred — — 20 20 Payments ( 468 ) ( 47 ) ( 20 ) ( 535 ) Ending balance $ — $ — $ — $ —

Lines of Credit

Lines of Credit	9 Months Ended
	Jan. 29, 2023
Debt Disclosure [Abstract]
Lines of Credit	9. Lines of Credit Revolving Credit Agreement – United States Existing Credit Agreement As of May 1, 2022, we had a Credit Agreement (the “Existing Credit Agreement”) with Wells Fargo Bank, N.A. (“Wells Fargo”) that provided a revolving loan commitment of $ 30 million, was set to expire on August 15, 2022 , and allowed us to issue letters of credit not to exceed $ 1 million. Amended Agreement Effective June 24, 2022, we entered into an Amended and Restated Credit Agreement (“the Amended Agreement”) with Wells Fargo. The Amended Agreement amended, restated, superseded, and served as a replacement for the Existing Credit Agreement. The Amended Agreement provided a revolving credit facility of up to $ 40 million, was secured by a lien on the company’s assets, and was set to expire in June 2025 . The company’s available borrowings under the Amended Agreement were based on a borrowing base calculation using certain accounts receivable and inventory of the company, subject to certain sub-limits as defined in the Amended Agreement, to be calculated on a monthly basis. Similar to the Existing Credit Agreement, the Amended Agreement contained a sub-facility that allows the company to issue letters of credit in an aggregate amount not to exceed $ 1 million. Borrowings under the Amended Agreement incurred interest at a rate calculated using a margin (the “Applicable Margin”) over the Federal Reserve Bank of New York’s secured overnight funding rate (SOFR). The Applicable Margin was set initially at 1.35 % and varied under the terms of the Amended Agreement from 1.35 % to 2.50 %, depending on the ratio of the company’s consolidated debt to consolidated EBITDA, as defined in the Amended Agreement, determined on a quarterly basis. The Amended Agreement contained customary affirmative and negative covenants and required compliance by the company with certain financial covenants, including minimum tangible net worth of $ 100 million plus 50 % of annual net income, and a minimum ratio of consolidated EBITDA to consolidated net interest expense of 3.0 to 1.0 as defined in the Amended Agreement. The EBITDA to interest expense covenant did not apply under the Amended Agreement during the first three quarters of the company’s fiscal 2023, but during that period, the company was required to maintain “access to liquidity” of $ 15 million, which is defined as unencumbered liquid assets plus available and unused credit under the revolving credit facility as calculated using the borrowing base, as defined in the Amended Agreement. First Amendment On August 19, 2022, we entered into a First Amendment to the Amended Agreement (“the First Amendment”) with Wells Fargo. The terms of the First Amendment amended the time period in which the financial covenant for the minimum ratio of consolidated EBITDA to consolidated net interest expense applied, such that this EBITDA to interest expense covenant does not apply during any of the four quarters of the Company’s fiscal 2023. During that time period, we were still required to maintain minimum “access to liquidity” of $ 15 million as mentioned in the above Amended Agreement section. Second Amended and Restated Agreement On January 19, 2023, Culp, Inc., as borrower (the “Company”), and Read as guarantor (the “Guarantor”), entered into a Second Amended and Restated Credit Agreement (the “ABL Credit Agreement”), by and among the Company, the Guarantor and Wells Fargo Bank, National Association, as lender (the “Lender”), to establish an asset-based revolving credit facility (the “ABL Facility”), the proceeds of which may be used to pay fees and expenses related to the ABL Facility and to provide funding for ongoing working capital and general corporate purposes. The ABL Credit Agreement amends, restates and supersedes, and serves as a replacement for, the Amended Agreement, dated as of June 24, 2022, as amended, by and between the Company and the Lender. The ABL Facility may be used for revolving credit loans and letters of credit from time to time up to a maximum principal amount of $ 35.0 million, subject to the limitations described below. Like the Amended Agreement, the ABL Facility contains a sub-facility that allows the Company to issue letters of credit in an aggregate amount not to exceed $ 1 million. The amount available under the ABL Facility is limited by a borrowing base consisting of certain eligible accounts receivable and inventory, reduced by specified reserves, as follows: • 85 % of eligible accounts receivable, plus • the least of: o the sum of: ▪ lesser of (i) 65 % of eligible inventory valued at cost based on a first-in first-out basis (net of intercompany profits) and (ii) 85 % of the net-orderly-liquidation value percentage of eligible inventory, plus ▪ the least of (i) 65 % of eligible in-transit inventory valued at cost based on a first-in first-out basis (net of intercompany profits), (ii) 85 % of the net-orderly-liquidation value percentage of eligible in-transit inventory, and (iii) $ 5.0 million, plus ▪ the lesser of (i) 65 % of eligible raw material inventory valued at cost based on a first-in first-out basis (net of intercompany profits) and (ii) 85 % of the net-orderly-liquidation value percentage of eligible raw material inventory In each case, the net-orderly-liquidation value is calculated based on the lower of (i) a first-in first-out basis and (ii) market value, and is (A) net of intercompany profits, (B) net of write-ups and write-downs in value with respect to currency exchange rates and (C) consistent with most recent appraisals received and acceptable to Lender. o $ 22.5 million; and o An amount equal to 200 % of eligible accounts receivable, minus • applicable reserves. The ABL Facility permits both base rate borrowings and borrowings based upon daily simple SOFR (the secured overnight financing rate administered by the Federal Reserve Bank of New York (or its successor)). Borrowings under the ABL Facility bear interest at an annual rate equal to daily simple SOFR plus 150 basis points (if the average monthly excess availability under the ABL Facility is greater than 50%) or 175 basis point (if the average monthly excess availability under the ABL Facility is less than or equal to 50%) or 50 basis points above base rate (if the average monthly excess availability under the ABL Facility is greater than 50%) or 75 basis points above base rate (if the average monthly excess availability under the ABL Facility is less than or equal to 50%), as applicable, with a fee on unutilized commitments at an annual rate of 37.5 basis points and an annual servicing fee of $ 12,000 . The ABL Facility ma tures on January 19, 2026 . The ABL Facility may be prepaid from time to time, in whole or in part, without prepayment or premium. In addition, customary mandatory prepayments of the loans under the ABL Facility are required upon the occurrence of certain events including, without limitation, outstanding borrowing exposures exceeding the borrowing base and certain dispositions of assets outside of the ordinary course of business. Accrued interest is payable monthly in arrears. The Company’s obligations under the ABL Facility (and certain related obligations) are (a) guaranteed by the Guarantor and each of the Company’s future domestic subsidiaries is required to guarantee the ABL Facility on a senior secured basis (such guarantors and the Company, the “Loan Parties”) and (b) secured by all assets of the Loan Parties, subject to certain exceptions. The liens and other security interests granted by the Loan Parties on the collateral for the benefit of the Lender under the ABL Facility are, subject to certain permitted liens, first-priority. Cash Dominion . Under the terms of the ABL Facility, if (i) an event of default has occurred or (ii) excess borrowing availability under the ABL Facility (based on the lesser of $ 35.0 million and the borrowing base) (the “Excess Availability”) falls below $ 7.0 million at such time, the Loan Parties will become subject to cash dominion, which will require prepayment of loans under the ABL Facility with the cash deposited in certain deposit accounts of the Loan Parties, including a concentration account, and will restrict the Loan Parties’ ability to transfer cash from their concentration account. Such cash dominion period (a “Dominion Period”) shall end when Excess Availability shall be equal to or greater than $ 7.0 million for a period of 60 consecutive days and no event of default is continuing. Financial Covenants . The ABL Facility contains a springing covenant requiring that the Company’s fixed charge coverage ratio be no less than 1.10 to 1.00 during any period that (i) an event of default has occurred or (ii) Excess Availability under the ABL Facility falls below $ 5.25 million at such time. Such compliance period shall end when Excess Availability shall be equal to or greater than $ 5.25 million for a period of 60 consecutive days and no event of default is continuing. Affirmative and Restrictive Covenants . The ABL Credit Agreement governing the ABL Facility contains customary representations and warranties, affirmative and negative covenants (subject, in each case, to exceptions and qualifications) and events of defaults, including covenants that limit the Company’s ability to, among other things: • incur additional indebtedness; • make investments; • pay dividends and make other restricted payments; • sell certain assets; • create liens; • consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets; and • enter into transactions with affiliates. Overall Effective January 19, 2023, interest was charged under the ABL Agreement at a rate (applicable interest rate of 5.81 % as of January 29, 2023) calculated using the Applicable Margin over SOFR based on the the Company’s excess availability under the ABL Facility, as defined in the ABL Agreement. Under the Existing Credit Agreement, interest was charged at a rate (applicable interest rate of 1.71 % and 2.40 % as of January 30, 2022, and May 1, 2022, respectively) as a variable spread over LIBOR based on a ratio of debt to EBITDA, as defined in the Existing Credit Agreement. There were $ 275,000 of outstanding letters of credit provided by the ABL Agreement and the Existing Agreement as applicable, as of January 29, 2023, January 30, 2022, and May 1, 2022. As of January 29, 2023, we had $ 725,000 remaining for the issuance of additional letters of credit under the ABL Agreement. There were no borrowings outstanding under either the ABL Agreement or the Existing Credit Agreement, as applicable, as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. As of January 29, 2023, our available borrowings calculated under the provisions of the ABL Agreement totaled $ 23.0 million. Revolving Credit Agreements – China Operations Denominated in Chinese Yuan Renminbi (“RMB”) We have an unsecured credit agreement denominated in RMB with a bank located in China that provides for a line of credit of up to 40 million RMB ($ 5.9 million USD as of January 29, 2023). Interest charged under this agreement is based on an interest rate determined by the Chinese government at the time of borrowing. The agreement was set to expire on November 15, 2022 . On November 24, 2022, we renewed this agreement, which renewal maintains our borrowing capacity of 40 million RMB and extends the expiration date to November 24, 2023 . There were no borrowings outstanding under this agreement as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. Denominated in United States Dollar (“USD”) We had an unsecured credit agreement denominated in USD with another bank located in China that provided for a line of credit of up to $ 2 million USD, which expired on August 30, 2022 . Currently, the company does not plan to renew or replace this agreement. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of January 29, 2023, we complied with our financial covenants. Interest paid during the first nine months of fiscal 2023 totaled $ 8,000 . No interest payments were made during the first nine months of fiscal 2022.

Fair Value

Fair Value	9 Months Ended
	Jan. 29, 2023
Fair Value Disclosures [Abstract]
Fair Value	10. Fair Value ASC Topic 820 establishes a fair value hierarchy that distinguishes between assumptions based on market data (observable inputs) and the company’s assumptions (unobservable inputs). Determining where an asset or liability falls within that hierarchy depends on the lowest level input that is significant to the fair value measurement as a whole. An adjustment to the pricing method used within either level 1 or level 2 inputs could generate a fair value measurement that effectively falls in a lower level in the hierarchy. The hierarchy consists of three broad levels as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities. Level 2 – Inputs other than level 1 inputs that are either directly or indirectly observable, and Level 3 – Unobservable inputs developed using the company’s estimates and assumptions, which reflect those that market participants would use. The determination of where an asset or liability falls in the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter based on various factors, and it is possible that an asset or liability may be classified differently from quarter to quarter. However, we expect that changes in classifications between different levels will be rare. Recurring Basis The following tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of January 29, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 9,364 N/A N/A $ 9,364 Growth Allocation Mutual Funds 508 N/A N/A 508 Moderate Allocation Mutual Fund 85 N/A N/A 85 Other 188 N/A N/A 188 Fair value measurements as of January 30, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 8,531 N/A N/A $ 8,531 Growth Allocation Mutual Funds 444 N/A N/A 444 Bond Mutual Funds 267 N/A N/A 267 Moderate Allocation Mutual Fund 86 N/A N/A 86 Large Cap Equity Mutual Funds 74 N/A N/A 74 Other 259 N/A N/A 259 Fair value measurements as of May 1, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 8,683 N/A N/A $ 8,683 Growth Allocation Mutual Funds 435 N/A N/A 435 Moderate Allocation Mutual Fund 81 N/A N/A 81 Other 158 N/A N/A 158 Short-Term Investments – Available for Sale During the fourth quarter of fiscal 2022, we sold all of our remaining short-term investments classified as available-for-sale, and therefore we did not report short-term investments classified as available-for-sale in the accompanying Consolidated Balance Sheets as of January 29, 2023, and May 1, 2022. As of January 30, 2022, our short-term investments classified as available-for-sale (i) consisted of various types of bond and equity mutual funds, (ii) were recorded at their fair value totaling $ 438,000 , (iii) had an accumulated unrealized loss of $ 2,000 , (iv) approximated their cost basis, and (v) resided with our U.S. operations. Short-Term and Long-Term Investments - Held-To-Maturity During the fourth quarter of fiscal 2022, we sold all of our remaining investments classified as held-to-maturity, and therefore we did not report short-term or long-term investments classified as held-to-maturity in the accompanying Consolidated Balance Sheets as of January 29, 2023, and May 1, 2022. As of January 30, 2022, our investments classified as held-to-maturity consisted of investment grade U.S. corporate bonds, foreign bonds, and government bonds. These investments were classified as held-to-maturity as we had the positive intent and ability to hold these investments until maturity. Our held-to-maturity investments were recorded as either current or noncurrent in our Consolidated Balance Sheets, based on the maturity date in relation to the respective reporting period and were recorded at amortized cost. As of January 30, 2022, our held-to-maturity investments (i) were recorded at amortized cost totaling $ 10.0 million, (ii) had a fair value totaling $ 9.8 million, and (iii) resided with our U.S. operations. Our held-to-maturity investments were classified as level 2 within the fair value hierarchy as they were traded over the counter within a broker network and not on an active market. The fair value of our held-to-maturity investments was determined based on a published source that provided an average bid price. The average bid price was based on various broker prices that were determined based on market conditions, interest rates, and the rating of the respective bond investment. Investments - Rabbi Trust We have a rabbi trust for the participants of our deferred compensation plan (the “Plan”), that enables participants to credit their contributions to various investment options under the Plan. The investments associated with the rabbi trust consist of a U.S. Government money market fund and various equity-related mutual funds that are classified as available-for-sale. As of January 29, 2023, our investments associated with our rabbi trust totaled $ 10.1 million, of which $ 2.4 million and $ 7.7 million were classified as short-term and long-term, respectively. As of January 30, 2022, our investments associated with our rabbi trust totaled $ 9.2 million, all of which were classified as long-term. As of May 1, 2022, our investments associated with our rabbi trust totaled $ 9.4 million, all of which were classified as long-term. The investments associated with our rabbi trust had an accumulated unrealized gain of $ 21,000 , $ 90,000 , and $ 32,000 as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively. The fair value of our long-term investments associated with our rabbi trust approximates their cost basis. Other The carrying amount of our cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses approximated their fair value because of the short maturity of these financial instruments. Non-Recurring Basis In connection with the restructuring activity associated with our upholstery fabrics cut and sew operation located in Haiti (which is described more fully in Note 8 of the consolidated financial statements), we classified a right of use asset associated with a leased facility as held for sale in the accompanying Consolidated Balance Sheet as of January 29, 2023. This right of use asset classified as held for sale was recorded at its fair value of $ 2.0 million, which represents the present value of future discounted cash flows based on the payments and timing of such payments due from the Lessee as stated in the related Termination Agreement. The interest rate used to determine the present value of discounted cash flows was based on significant unobservable inputs and assumptions determined by management such as (i) the credit characteristics of the Lessee and guarantor of the Termination Agreement; (ii) the length of the payment terms as defined in the Termination Agreement; (iii) the payment terms as defined in the Termination Agreement are denominated in USD, and (iv) the fact that the right of use asset is located in and the Lessee and guarantor conduct business in Haiti, a foreign country. As a result, since management used significant unobservable inputs and assumptions to determine the fair value of this right of use asset, this right of use asset is classified as level 3 within the fair value hierarchy defined above.

Net (Loss) Income Per Share

Net (Loss) Income Per Share	9 Months Ended
	Jan. 29, 2023
Earnings Per Share [Abstract]
Net (Loss) Income Per Share	11. Net (Loss) Income Per Share Basic net (loss) income per share is computed using the weighted-average number of shares outstanding during the period. Diluted net (loss) income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net (loss) income per share are as follows: Three months ended (amounts in thousands) January 29, 2023 January 30, 2022 Weighted average common shares outstanding, basic 12,299 12,212 Dilutive effect of stock-based compensation — — Weighted average common shares outstanding, diluted 12,299 12,212 During the third quarter of fiscal 2023, 22,053 shares of unvested common stock were not included in the computation of diluted net loss per share as their effect would be antidilutive due to the decrease in the price per share of our common stock during the reporting period compared with the price per share of our common stock as of the respective grant dates of the related stock-based compensation awards. In addition, during the third quarter of fiscal 2023, 87,433 shares of unvested common stock were not included in the computation of diluted net loss per share as we incurred a net loss during the reporting period. During the third quarter of fiscal 2022, 44,616 shares of unvested common stock were not included in the computation of diluted net loss per share, as their effect would be antidilutive due to the decrease in the price per share of our common stock during the reporting period compared with the price per share of our common stock as of the respective grant dates of the related stock-based compensation awards. In addition, during the third quarter of fiscal 2022, 79,507 shares of unvested common stock were not included in the computation as we incurred a net loss during the reporting period. Nine months ended (amounts in thousands) January 29, 2023 January 30, 2022 Weighted average common shares outstanding, basic 12,272 12,249 Dilutive effect of stock-based compensation — 92 Weighted average common shares outstanding, diluted 12,272 12,341 During the nine-month period ending January 29, 2023, 31,176 shares of unvested common stock were not included in the computation of diluted net loss per share as their effect would be antidilutive due to the decrease in the price per share of our common stock during the reporting period compared with the price per share of our common stock as of the respective grant dates of the related stock-based compensation awards. In addition, during the nine-month period ending January 29, 2023, 68,380 shares of unvested common stock were not included in the computation of diluted net loss per share as we incurred a net loss during the reporting period. During the nine-month period ending January 30, 2022, 11,711 shares of unvested common stock were not included in the computation of diluted net income per share, as their effect would be antidilutive due to the decrease in the price per share of our common stock during the reporting period compared with the price per share of our common stock as of the respective grant dates of the related stock-based compensation awards.

Segment Information

Segment Information	9 Months Ended
	Jan. 29, 2023
Segment Reporting [Abstract]
Segment Information	12. Segment Information Overall Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. In addition, this segment includes Read, which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. Financial Information We evaluate the operating performance of our business segments based upon (loss) income from operations before certain unallocated corporate expenses and other items that are not expected to occur on a regular basis. Cost of sales for each segment includes costs to develop, manufacture, or source our products, including costs such as raw material and finished goods purchases, direct and indirect labor, overhead, and incoming freight charges. Unallocated corporate expenses primarily represent compensation and benefits for certain executives and their support staff, all costs associated with being a public company, amortization of intangible assets, and other miscellaneous expenses. Segment assets include assets used in the operations of each segment and consist of accounts receivable, inventories, property, plant, and equipment, and right of use assets. Also, total assets related to our upholstery fabrics segment include a right of use asset classified as held for sale as of January 29, 2023. Intangible assets are not included in segment assets as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to individual segments, or determine executive compensation. Statements of operations for our operating segments are as follows: Three months ended January 29, 2023 January 30, 2022 net sales by segment: mattress fabrics $ 24,697 $ 38,439 upholstery fabrics 27,826 41,852 net sales $ 52,523 $ 80,291 gross (loss) profit: mattress fabrics $ ( 1,237 ) $ 3,164 upholstery fabrics 3,330 5,946 gross profit $ 2,093 $ 9,110 selling, general, and administrative expenses by segment: mattress fabrics $ 2,992 $ 2,800 upholstery fabrics 3,750 3,500 unallocated corporate expenses 2,423 1,707 selling, general, and administrative expenses $ 9,165 $ 8,007 (loss) income from operations by segment: mattress fabrics $ ( 4,229 ) $ 364 upholstery fabrics ( 420 ) 2,446 unallocated corporate expenses ( 2,423 ) ( 1,707 ) total segment (loss) income from operations $ ( 7,072 ) $ 1,103 restructuring expense (1) ( 711 ) — (loss) income from operations $ ( 7,783 ) $ 1,103 interest income 196 214 other expense ( 1,095 ) ( 322 ) (loss) income before income taxes $ ( 8,682 ) $ 995 (1) Restructuring expense of $ 711,000 for the three months ending January 29, 2023, represents lease termination costs of $ 434,000 and an impairment loss regarding leasehold improvements totaling $ 277,000 that related to the consolidation of certain leased facilities located in Ouanaminthe, Haiti. Nine months ended January 29, 2023 January 30, 2022 net sales by segment: mattress fabrics $ 80,299 $ 122,380 upholstery fabrics 93,209 115,519 net sales $ 173,508 $ 237,899 gross (loss) profit: mattress fabrics $ ( 7,330 ) $ 16,106 upholstery fabrics 11,436 16,230 total segment gross profit $ 4,106 $ 32,336 restructuring related charge (1) ( 98 ) — gross profit $ 4,008 $ 32,336 selling, general, and administrative expenses by segment: mattress fabrics $ 8,821 $ 8,991 upholstery fabrics 11,053 10,491 unallocated corporate expenses 7,259 6,793 selling, general, and administrative expenses $ 27,133 $ 26,275 (loss) income from operations by segment: mattress fabrics $ ( 16,151 ) $ 7,115 upholstery fabrics 383 5,739 unallocated corporate expenses ( 7,259 ) ( 6,793 ) total segment (loss) income from operations $ ( 23,027 ) $ 6,061 restructuring expense (2) ( 1,326 ) — restructuring related charge (1) ( 98 ) — (loss) income from operations $ ( 24,451 ) $ 6,061 interest income 292 347 other expense ( 348 ) ( 963 ) (loss) income before income taxes $ ( 24,507 ) $ 5,445 (1) Restructuring related charge of $ 98,000 for the nine months ended January 29, 2023, represents a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China, which occurred during the second quarter of fiscal 2023. This $ 98,000 restructuring related charge was recorded in cost of sales in the Consolidated Statements of Net Loss for the nine months ending January 29, 2023. (2) Restructuring expense of $ 1.3 million for the nine months ending January 29, 2023, relates to both our restructuring activities for our cut and sew upholstery fabrics operations located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and located in Ouanaminthe, Haiti, which occurred during the third quarter of fiscal 2023. Restructuring expense consists of lease termination costs of $ 481,000 , employee termination benefits of $ 468,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 20,000 for other associated costs. Balance sheet information for our operating segments follows: (dollars in thousands) January 29, 2023 January 30, 2022 May 1, 2022 Segment assets: Mattress Fabrics: Accounts receivable $ 8,314 $ 17,617 $ 9,865 Inventory 28,757 39,544 39,028 Property, plant and equipment (1) 34,661 39,913 38,731 Right of use assets (2) 2,476 3,706 3,469 Total mattress fabrics assets 74,208 100,780 91,093 Upholstery Fabrics: Accounts receivable 12,927 21,381 12,361 Inventory 18,870 33,589 27,529 Property, plant and equipment (3) 1,794 2,018 2,030 Right of use assets (4) 2,995 8,727 8,124 Assets held for sale (5) 1,950 — — Total upholstery fabrics assets 38,536 65,715 50,044 Total segment assets 112,744 166,495 141,137 Non-segment assets: Cash and cash equivalents 16,725 11,780 14,550 Short-term investments - available for sale — 438 — Short-term investments - held-to-maturity — 1,315 — Short-term investments - rabbi trust 2,420 — — Current income taxes receivable 238 367 857 Other current assets 2,839 4,419 2,986 Deferred income taxes 463 500 528 Property, plant and equipment (6) 737 847 941 Right of use assets (7) 3,442 4,162 3,984 Intangible assets 2,346 2,722 2,628 Long-term investments - rabbi trust 7,725 9,223 9,357 Long-term investments - held-to-maturity — 8,677 — Other assets 919 622 595 Total assets $ 150,598 $ 211,567 $ 177,563 Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Capital expenditures (8): Mattress Fabrics $ 612 $ 2,828 Upholstery Fabrics 465 815 Unallocated Corporate 75 1,330 Total capital expenditures $ 1,152 $ 4,973 Depreciation expense: Mattress Fabrics $ 4,624 $ 4,613 Upholstery Fabrics 604 590 Total depreciation expense $ 5,228 $ 5,203 (1) The $ 34.7 million as of January 29, 2023, represents property, plant, and equipment of $ 23.1 million, $ 10.9 million, and $ 651,000 located in the U.S., Canada, and Haiti, respectively. The $ 39.9 million as of January 30, 2022, represents property, plant, and equipment of $ 26.6 million, $ 12.5 million, and $ 796,000 located in the U.S., Canada, and Haiti, respectively. The $ 38.7 million as of May 1, 2022, represents property, plant, and equipment of $ 25.6 million, $ 12.4 million, and $ 757,000 located in the U.S., Canada, and Haiti, respectively. (2) The $ 2.5 million as of January 29, 2023, represents right of use assets of $ 1.6 million and $ 833,000 located in Haiti and Canada, respectively. The $ 3.7 million as of January 30, 2022, represents right of use assets of $ 2.1 million, $ 1.3 million, and $ 352,000 located in Haiti, the U.S., and Canada, respectively. The $ 3.5 million as of May 1, 2022, represents right of use assets of $ 2.0 million, $ 1.2 million, and $ 291,000 located in Haiti, the U.S., and Canada, respectively. (3) The $ 1.8 million as of January 29, 2023, represents property, plant, and equipment of $ 1.0 million, $ 630,000 , and $ 121,000 located in the U.S., Haiti, and China, respectively. The $ 2.0 million as of January 30, 2022, represents property, plant, and equipment of $ 1.1 million, $ 585,000 , and $ 344,000 located in the U.S., Haiti, and China, respectively. The $ 2.0 million as of May 1, 2022, represents property, plant, and equipment of $ 1.0 million, $ 756,000 , and $ 255,000 located in the U.S., Haiti, and China, respectively. (4) The $ 3.0 million as of January 29, 2023, represents right of use assets of $ 1.7 million and $ 1.3 million located in China and the U.S., respectively. The $ 8.7 million as of January 30, 2022, represents right of use assets of $ 4.1 million, $ 2.7 million, and $ 1.9 million located in China, Haiti, and the U.S., respectively. The $ 8.1 million as of May 1, 2022, represents right of use assets of $ 3.7 million, $ 2.6 million, and $ 1.8 million located in China, Haiti, and the U.S., respectively. (5) The $ 2.0 million as of January 29, 2023, represents a right of use asset classified as held for sale located in Haiti. (6) The $ 737,000 , $ 847,000 , and $ 941,000 as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (7) The $ 3.4 million, $ 4.2 million, and $ 4.0 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively, represent right of use assets located in the U.S. (8) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes

Income Taxes	9 Months Ended
	Jan. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes Effective Income Tax Rate We recorded income tax expense of $ 2.3 million, or ( 9.5 %) of loss before income taxes, for the nine-month period ending January 29, 2023, compared with income tax expense of $ 2.6 million, or 48.4 % of income before income taxes, for the nine-month period ending January 30, 2022. Our effective income tax rates for the nine-month periods ended January 29, 2023, and January 30, 2022, were based upon the estimated effective income tax rate applicable for the full year after giving effect to any significant items related specifically to interim periods. When calculating the annual estimated effective income tax rates for the nine-month periods ended January 29, 2023, and January 30, 2022, we were subject to loss limitation rules. These loss limitation rules require any taxable loss associated with our U.S. or foreign operations to be excluded from the annual estimated effective income tax rate calculation if it was determined that no income tax benefit could be recognized during the current fiscal year. The effective income tax rate can be affected over the fiscal year by the mix and timing of actual earnings from our U.S. operations and foreign subsidiaries located in China, Canada, and Haiti versus annual projections, as well as changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the nine-month periods ending January 29, 2023, and January 30, 2022: January 29, January 30, 2023 2022 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance ( 29.3 ) ( 26.9 ) Withholding taxes associated with foreign jurisdictions ( 2.0 ) 9.8 Capital expenditure deduction - Quebec, Canada ( 1.6 ) — Foreign income tax rate differential 1.4 7.9 Tax effects of local currency foreign exchange gains (losses) 1.3 ( 1.0 ) Global Intangible Low Taxed Income Tax ("GILTI") — 37.4 Other ( 0.3 ) 0.2 ( 9.5 )% 48.4 % Our consolidated effective income tax rate during the first nine months of fiscal 2023 was much more negatively affected by the mix of earnings between our U.S. operations and our foreign subsidiaries, as compared to the first nine months of fiscal 2022. During the first nine months of fiscal 2023, we incurred a significantly higher pre-tax loss from our U.S. operations totaling $( 28.8 ) million, compared with $( 2.3 ) million during the first nine months of fiscal 2022. As a result, a significantly higher income tax benefit was not recognized due to a full valuation allowance being applied against our U.S. net deferred income tax assets during the first nine months of fiscal 2023, as compared with the first nine months of fiscal 2022. In addition, almost all of our taxable income in the first nine months of fiscal 2023 and fiscal 2022 was earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S. During the first nine months of fiscal 2023, we incurred a significantly higher consolidated pre-tax loss totaling $( 24.5 ) million, compared with a much lower pre-tax income totaling $ 5.4 million, during the first nine months of fiscal 2022. As a result, the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements were more pronounced during the first nine months of fiscal 2022, compared with the first nine months of fiscal 2023. U.S. Valuation Allowance We evaluate the realizability of our U.S. net deferred income tax assets to determine if a valuation allowance is required. We assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more-likely-than-not” standard, with significant weight being given to evidence that can be objectively verified. Since the company operates in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. As of January 29, 2023, we evaluated the realizability of our U.S. net deferred income tax assets to determine if a full valuation allowance was required. Based on our assessment, we determined we still have a recent history of significant cumulative U.S. taxable losses, in that we experienced U.S. taxable losses during each of the last three fiscal years from 2020 through 2022, and we are currently expecting significant U.S. pre-tax losses to continue during fiscal 2023. As a result of the significant weight of this negative evidence, we believe it is more likely than not that our U.S. deferred income tax assets will not be fully realizable, and therefore we provided for a full valuation allowance against our U.S. net deferred income tax assets. Based on our assessments as of January 29, 2023, January 30, 2022, and May 1, 2022, valuation allowances against our net deferred income tax assets pertain to the following: (dollars in thousands) January 29, 2023 January 30, 2022 May 1, 2022 U.S. federal and state net deferred income tax assets $ 15,741 7,802 9,527 U.S. capital loss carryforward 2,330 2,330 2,330 $ 18,071 10,132 11,857 Undistributed Earnings We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company and whether we are required to record a deferred income tax liability for those undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. As of January 29, 2023, we assessed the liquidity requirements of our U.S. parent company and determined that our undistributed earnings and profits from our foreign subsidiaries would not be reinvested indefinitely and would eventually be distributed to our U.S. parent company. The conclusion reached from this assessment was consistent with prior reporting periods. As a result of the 2017 Tax Cuts and Jobs Act, a U.S. corporation is allowed a 100 % dividend received deduction for earnings and profits received from a 10 % owned foreign corporation. Therefore, a deferred income tax liability will be required only for unremitted withholding taxes associated with earnings and profits generated by our foreign subsidiaries that will ultimately be repatriated to the U.S. parent company. As a result, as of January 29, 2023, January 30, 2022, and May 1, 2022, we recorded a deferred income tax liability of $ 4.1 million, $ 3.6 million, and $ 3.5 million, respectively. Uncertain Income Tax Positions An unrecognized income tax benefit for an uncertain income tax position can be recognized in the first interim period if the more-likely-than-not recognition threshold is met by the end of the reporting period, or is effectively settled through examination, or negotiation, or litigation, or the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. If it is determined that any of the above conditions occur regarding our uncertain income tax positions, an adjustment to our unrecognized income tax benefit will be recorded at that time. As of January 29, 2023, we had a $ 1.2 million total gross unrecognized income tax benefit, of which the entire amount was classified as income taxes payable – long-term in the accompanying Consolidated Balance Sheets. As of May 1, 2022, we had a $ 1.1 million total gross unrecognized income tax benefit, of which the entire amount was classified as income taxes payable – long-term in the accompanying Consolidated Balance Sheets. As of January 30, 2022, we had a $ 1.4 million total gross unrecognized income tax benefit, of which $ 1.1 million and $ 380,000 were recorded to income taxes payable – long-term and noncurrent deferred income taxes, respectively, in the accompanying Consolidated Balance Sheets. These unrecognized income tax benefits would favorably affect the income tax rate in future periods by $ 1.2 million, $ 1.1 million, and $ 1.1 million, as of January 29, 2023, May 1, 2022, and January 30, 2022, respectively. Our gross unrecognized income tax benefit of $ 1.2 million as of January 29, 2023, relates to income tax positions for which significant change is currently not expected within the next year. Income Taxes Paid The following table sets forth taxes paid by jurisdiction: Nine Months Nine Months Ended Ended January 29, January 30, (dollars in thousands) 2023 2022 United States Transition Tax Payment $ 265 $ 266 China Income Taxes, Net of Refunds 1,680 2,036 China - Withholding Taxes Associated With — 487 Canada - Income Taxes, Net of Refunds ( 9 ) 256 $ 1,936 $ 3,045

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jan. 29, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	14. Stock-Based Compensation Equity Incentive Plan Description On September 16, 2015, our shareholders approved an equity incentive plan titled the Culp, Inc. 2015 Equity Incentive Plan (the “2015 Plan”). The 2015 Plan authorizes the grant of stock options intended to qualify as incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance-based units, and other equity and cash related awards as determined by the Compensation Committee of our board of directors. An aggregate of 1,200,000 shares of common stock were authorized for issuance under the 2015 Plan, with certain sub-limits that would apply with respect to specific types of awards that may be issued as defined in the 2015 Plan. As of January 29, 2023, there were 224,369 shares available for future equity-based grants under the 2015 Plan. Performance-Based Restricted Stock Units Senior Executives We grant performance-based restricted stock units to senior executives which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit award agreements. The number of shares of common stock that are earned based on performance targets that have been achieved may be adjusted based on a market-based total shareholder return component as defined in the related restricted stock unit award agreements. Our performance-based restricted stock units granted to senior executives were measured based on their fair market value on the date of grant. The fair market value per share was determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock for the performance-based component. The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on our outstanding performance-based restricted stock units granted to senior executives on August 10, 2022 and July 22, 2021: August 10, July 22, 2022 2021 Closing price of our common stock $ 5.06 $ 14.75 Expected volatility of our common stock 48.2 % 54.2 % Expected volatility of peer companies (1) 41.6 % - 105.1 % 45.7 % - 101.5 % Risk-free interest rate 3.13 % 0.33 % Dividend yield 0.00 % 3.00 % Correlation coefficient of peer companies (1) 0.05 - 0.23 0.03 - 0.35 (1) The expected volatility and correlation coefficient of our peer companies for the August 10, 2022 and July 22, 2021, grant dates were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group. Key Employees We grant performance-based restricted stock units to key employees which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit award agreements. Our performance-based restricted stock units granted to key employees were measured based on the fair market value (the closing price of our common stock) on the date of grant. No market-based total shareholder return component was included in these awards. Overall The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that were unvested as of January 29, 2023: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period August 10, 2022 (1) 178,714 — $ 5.77 (5) 3 years July 22, 2021 (1) 122,476 — $ 15.93 (6) 3 years July 22, 2021 (2) 20,500 — $ 14.75 (7) 3 years (1) Performance-based restricted stock units awarded to senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of January 29, 2023. (5) Price per share represents the fair market value per share ($ 1.14 per $1, or an increase of $ 0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 5.06 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022. (6) Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. (7) Price per share represents the closing price of our common stock on the date of grant. The following table summarizes information related to our performance-based restricted stock units that vested during the nine-month periods ending January 29, 2023, and January 30, 2022: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 545 $ 3 $ 5.10 Fiscal 2023 (2) 437 $ 2 $ 5.10 Fiscal 2022 (1) 5,051 $ 87 $ 17.14 Fiscal 2022 (2) 5,812 $ 100 $ 17.14 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested. We recorded a charge of $ 2,000 and a credit of $ 40,000 to compensation expense within selling, general, and administrative expenses for the nine-month periods ending January 29, 2023, and January 30, 2022, respectively. Compensation expense is recorded based on an assessment each reporting period to determine the probability of whether or not certain performance targets will be met and how many shares are expected to be earned as of the end of the vesting period. If certain performance goals are not expected to be achieved, compensation expense would not be recorded, and any previously recognized compensation expense would be reversed. Time-Based Restricted Stock Units The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives and key members of management that were unvested as of January 29, 2023: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period September 6, 2022 37,671 $ 4.58 1 to 3 years August 10, 2022 82,016 $ 5.06 3 years July 22, 2021 37,591 $ 14.75 3 years August 6, 2020 129,095 $ 11.01 3 years August 2, 2018 10,000 $ 24.35 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted. The following table summarizes information related to our time-based restricted stock units that vested during the nine-month period ending January 29, 2023: Time-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 19,786 $ 101 $ 5.10 Fiscal 2023 (2) 13,013 $ 66 $ 5.10 (1) Time-based restricted stock units vested by senior executives. (2) Time-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested. We recorded compensation expense of $ 634,000 and $ 682,000 within selling, general, and administrative expenses associated with our time-based restricted stock unit awards for the nine-month periods ending January 29, 2023, and January 30, 2022, respectively. As of January 29, 2023, the remaining unrecognized compensation expense related to our time-based restricted stock units was $ 1.0 million, which is expected to be recognized over a weighted average vesting period of 1.7 years. As of January 29, 2023, the time-based restricted stock units that are expected to vest had a fair value totaling $ 1.6 million. Common Stock Awards We granted a total of 17,819 , 18,326 , and 19,753 shares of common stock to our outside directors on January 3, 2023, October 3, 2022, and July 1, 2022, respectively. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of these awards was $ 4.70 , $ 4.57 , and $ 4.24 per share on January 3, 2023, October 3, 2022, and July 1, 2022, respectively, which represents the closing price of our common stock on the date of grant. We granted a total of 8,357 , 6,426 , and 4,312 shares of common stock to our outside directors on January 3, 2022, October 1, 2021, and July 1, 2021, respectively. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of these awards was $ 10.02 , $ 13.03 , and $ 16.24 per share on January 3, 2022, October 1, 2021, and July 1, 2021, respectively, which represents the closing price of our common stock on the date of grant. We recorded $ 251,000 and $ 238,000 of compensation expense within selling, general, and administrative expenses for common stock awards to our outside directors for the nine-month periods ending January 29, 2023, and January 30, 2022, respectively.

Leases

Leases	9 Months Ended
	Jan. 29, 2023
Assets And Liabilities Lessee [Abstract]
Leases	15. Leases Overview We lease manufacturing facilities, showroom and office space, distribution centers, and equipment under operating lease arrangements. Our operating leases have remaining lease terms of one to nine years , with renewal options for additional periods ranging up to twelve years . Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of January 29, 2023, January 30, 2022, and May 1, 2022, are as follows: (dollars in thousands) January 29, January 30, May 1, Right of use assets $ 8,913 $ 16,595 $ 15,577 Operating lease liability - current 2,785 3,295 3,219 Operating lease liability – noncurrent 4,399 7,848 7,062 Supplemental Cash Flow Information Nine Months Nine Months (dollars in thousands) January 29, 2023 January 30, 2022 Operating lease liability payments $ 1,704 $ 2,249 Right of use assets exchanged for lease liabilities 731 3,763 Operating lease expense for the three-month periods ended January 29, 2023, and January 30, 2022, was $ 921,000 and $ 1.0 million, respectively. Operating lease expense for the nine-month periods ended January 29, 2023, and January 30, 2022, was $ 2.9 million and $ 2.8 million, respectively. Short-term lease and variable lease expenses were immaterial for the three-month and nine-month periods ended January 29, 2023, and January 30, 2022. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2023, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2023 $ 756 2024 2,907 2025 1,914 2026 608 2027 344 Thereafter 1,028 $ 7,557 Less: interest ( 373 ) Present value of lease liabilities $ 7,184 As of January 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: January 29, 2023 Weighted average lease term 3.9 years Weighted average discount rate 3.69 %

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 29, 2023
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	16. Commitments and Contingencies Litigation The company is involved in legal proceedings and claims which have arisen in the ordinary course of business. Management has determined that it is not reasonably possible that these actions, when ultimately concluded and settled, will have a material adverse effect upon the financial position, results of operations, or cash flows of the company. Accounts Payable – Capital Expenditures As of January 29, 2023, January 30, 2022, and May 1, 2022, we had total amounts due regarding capital expenditures totaling $ 25,000 , $ 33,000 , and $ 473,000 , respectively, which pertained to outstanding vendor invoices, none of which were financed. Purchase Commitments – Capital Expenditures As of January 29, 2023, we had open purchase commitments to acquire equipment for our mattress fabrics segment totaling $ 738,000 .

Statutory Reserves

Statutory Reserves	9 Months Ended
	Jan. 29, 2023
Text Block [Abstract]
Statutory Reserves	17. Statutory Reserves Our subsidiary located in China was required to transfer 10 % of its net income, as determined in accordance with the People’s Republic of China (PRC) accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reached 50 % of the company’s registered capital. As of January 29, 2023, the statutory surplus reserve fund represents the 50 % registered capital requirement, and therefore, our subsidiary located in China is no longer required to transfer 10% of its net income in accordance with PRC accounting rules and regulations. The transfer to this reserve must be made before distributions of any dividend to shareholders. As of January 29, 2023, the company’s statutory surplus reserve was $ 4.3 million. The statutory surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any. The statutory surplus reserve fund may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value of the shares currently held by them provided that the remaining reserve balance after such issue is not less than 25 % of the registered capital. The company’s subsidiary located in China can transfer funds to the parent company, except for the statutory surplus reserve of $ 4.3 million, to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	9 Months Ended
	Jan. 29, 2023
Text Block [Abstract]
Common Stock Repurchase Program	18. Common Stock Repurchase Program In March 2020, our board of directors approved an authorization for us to acquire up to $ 5.0 million of our common stock. Under the common stock repurchase program, shares may be purchased from time to time in open market transactions, block trades, through plans established under the Securities Exchange Act Rule 10b5-1, or otherwise. The number of shares purchased and the timing of such purchases are based on working capital requirements, market and general business conditions, and other factors, including alternative investment opportunities. During the nine-month period ending January 29, 2023, we did no t repurchase any shares of our common stock. During the nine-month period ending January 30, 2022, we repurchased 121,688 shares of our common stock at a cost of $ 1.8 million. As of January 29, 2023, $ 3.2 million is available for additional repurchases of our common stock.

Dividend Program

Dividend Program	9 Months Ended
	Jan. 29, 2023
Text Block [Abstract]
Dividend Program	19. Dividend Program On June 29, 2022, our board of directors announced the decision to suspend the company’s quarterly cash dividend. Considering the current and expected macroeconomic conditions, we believe that preserving capital and managing our liquidity is in the company’s best interest to support future growth and the long-term interests of our shareholders. Accordingly, we did not make any dividend payments during first nine months of fiscal 2023. During the nine-month period ending January 30, 2022, dividend payments totaled $ 4.1 million, which represented quarterly dividend payments ranging from $ 0.11 per share to $ 0.115 per share.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 29, 2023
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were not any recently adopted accounting pronouncements during the first nine months of fiscal 2023. Recently Issued Accounting Pronouncements Currently, there are no new recent accounting pronouncements that are expected to have a material effect on our consolidated financial statements.

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	9 Months Ended
	Jan. 29, 2023
Receivables [Abstract]
Summary of the Activity in the Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: Nine Months Ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 292 $ 591 Provision for bad debts 33 86 Write-offs, net of recoveries ( 72 ) ( 34 ) Ending balance $ 253 $ 643

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Jan. 29, 2023
Revenue From Contract With Customer [Abstract]
Summary of Activity Associated with Deferred Revenue	A summary of the activity associated with deferred revenue follows: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 520 $ 540 Revenue recognized on contract liabilities ( 3,496 ) ( 2,276 ) Payments received for services not yet rendered 4,406 2,254 Ending balance $ 1,430 $ 518
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending January 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 24,697 $ 25,575 $ 50,272 Services transferred over time — 2,251 2,251 Total Net Sales $ 24,697 $ 27,826 $ 52,523 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending January 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 38,439 $ 39,400 $ 77,839 Services transferred over time — 2,452 2,452 Total Net Sales $ 38,439 $ 41,852 $ 80,291 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the nine-month period ending January 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 80,299 $ 86,981 $ 167,280 Services transferred over time — 6,228 6,228 Total Net Sales $ 80,299 $ 93,209 $ 173,508 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the nine-month period ending January 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 122,380 $ 109,105 $ 231,485 Services transferred over time — 6,414 6,414 Total Net Sales $ 122,380 $ 115,519 $ 237,899

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jan. 29, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) January 29, January 30, May 1, Raw materials $ 9,623 $ 12,964 $ 13,477 Work-in-process 3,164 4,679 4,237 Finished goods 34,840 55,490 48,843 $ 47,627 $ 73,133 $ 66,557

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Jan. 29, 2023
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) January 29, January 30, May 1, Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,411 1,711 1,636 Non-compete agreement, net 395 471 452 $ 2,346 $ 2,722 $ 2,628
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: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 1,636 $ 1,937 Amortization expense ( 225 ) ( 226 ) Ending balance $ 1,411 $ 1,711
Non-Compete Agreement [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 follows: Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Beginning balance $ 452 $ 527 Amortization expense ( 57 ) ( 56 ) Ending balance $ 395 $ 471

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Jan. 29, 2023
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) January 29, January 30, May 1, Compensation, commissions and related benefits $ 3,571 $ 3,426 $ 4,248 Other accrued expenses 3,130 5,020 3,584 $ 6,701 $ 8,446 $ 7,832

Upholstery Fabrics Segment Re_2

Upholstery Fabrics Segment Restructuring Activities (Tables)	9 Months Ended
	Jan. 29, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Expense and Restructuring Related Charges	The following summarizes our restructuring expense and restructuring related charges from both our restructuring activities noted above for the nine months ending January 29, 2023: Nine Months Ended (dollars in thousands) January 29, 2023 Lease termination costs $ 481 Employee termination benefits 468 Impairment loss - leasehold improvements and equipment 357 Loss on disposal and markdowns of inventory 98 Other associated costs 20 Restructuring expense and restructuring related charges (1) $ 1,424 (1) Of the total $ 1.4 million, $ 1.3 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the nine-month period ending January 29, 2023.
Summary of Activity in Accrued Restructuring	The following summarizes the activity in accrued restructuring for the nine-month period ending January 29, 2023: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning balance $ — $ — $ — $ — Accrual established in fiscal 2023 468 47 — 515 Expenses incurred — — 20 20 Payments ( 468 ) ( 47 ) ( 20 ) ( 535 ) Ending balance $ — $ — $ — $ —

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Jan. 29, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of January 29, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 9,364 N/A N/A $ 9,364 Growth Allocation Mutual Funds 508 N/A N/A 508 Moderate Allocation Mutual Fund 85 N/A N/A 85 Other 188 N/A N/A 188 Fair value measurements as of January 30, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 8,531 N/A N/A $ 8,531 Growth Allocation Mutual Funds 444 N/A N/A 444 Bond Mutual Funds 267 N/A N/A 267 Moderate Allocation Mutual Fund 86 N/A N/A 86 Large Cap Equity Mutual Funds 74 N/A N/A 74 Other 259 N/A N/A 259 Fair value measurements as of May 1, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 8,683 N/A N/A $ 8,683 Growth Allocation Mutual Funds 435 N/A N/A 435 Moderate Allocation Mutual Fund 81 N/A N/A 81 Other 158 N/A N/A 158

Net (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	9 Months Ended
	Jan. 29, 2023
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net (Loss) Income Per Share	Weighted average shares used in the computation of basic and diluted net (loss) income per share are as follows: Three months ended (amounts in thousands) January 29, 2023 January 30, 2022 Weighted average common shares outstanding, basic 12,299 12,212 Dilutive effect of stock-based compensation — — Weighted average common shares outstanding, diluted 12,299 12,212 Nine months ended (amounts in thousands) January 29, 2023 January 30, 2022 Weighted average common shares outstanding, basic 12,272 12,249 Dilutive effect of stock-based compensation — 92 Weighted average common shares outstanding, diluted 12,272 12,341

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jan. 29, 2023
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Statements of operations for our operating segments are as follows: Three months ended January 29, 2023 January 30, 2022 net sales by segment: mattress fabrics $ 24,697 $ 38,439 upholstery fabrics 27,826 41,852 net sales $ 52,523 $ 80,291 gross (loss) profit: mattress fabrics $ ( 1,237 ) $ 3,164 upholstery fabrics 3,330 5,946 gross profit $ 2,093 $ 9,110 selling, general, and administrative expenses by segment: mattress fabrics $ 2,992 $ 2,800 upholstery fabrics 3,750 3,500 unallocated corporate expenses 2,423 1,707 selling, general, and administrative expenses $ 9,165 $ 8,007 (loss) income from operations by segment: mattress fabrics $ ( 4,229 ) $ 364 upholstery fabrics ( 420 ) 2,446 unallocated corporate expenses ( 2,423 ) ( 1,707 ) total segment (loss) income from operations $ ( 7,072 ) $ 1,103 restructuring expense (1) ( 711 ) — (loss) income from operations $ ( 7,783 ) $ 1,103 interest income 196 214 other expense ( 1,095 ) ( 322 ) (loss) income before income taxes $ ( 8,682 ) $ 995 (1) Restructuring expense of $ 711,000 for the three months ending January 29, 2023, represents lease termination costs of $ 434,000 and an impairment loss regarding leasehold improvements totaling $ 277,000 that related to the consolidation of certain leased facilities located in Ouanaminthe, Haiti. Nine months ended January 29, 2023 January 30, 2022 net sales by segment: mattress fabrics $ 80,299 $ 122,380 upholstery fabrics 93,209 115,519 net sales $ 173,508 $ 237,899 gross (loss) profit: mattress fabrics $ ( 7,330 ) $ 16,106 upholstery fabrics 11,436 16,230 total segment gross profit $ 4,106 $ 32,336 restructuring related charge (1) ( 98 ) — gross profit $ 4,008 $ 32,336 selling, general, and administrative expenses by segment: mattress fabrics $ 8,821 $ 8,991 upholstery fabrics 11,053 10,491 unallocated corporate expenses 7,259 6,793 selling, general, and administrative expenses $ 27,133 $ 26,275 (loss) income from operations by segment: mattress fabrics $ ( 16,151 ) $ 7,115 upholstery fabrics 383 5,739 unallocated corporate expenses ( 7,259 ) ( 6,793 ) total segment (loss) income from operations $ ( 23,027 ) $ 6,061 restructuring expense (2) ( 1,326 ) — restructuring related charge (1) ( 98 ) — (loss) income from operations $ ( 24,451 ) $ 6,061 interest income 292 347 other expense ( 348 ) ( 963 ) (loss) income before income taxes $ ( 24,507 ) $ 5,445 (1) Restructuring related charge of $ 98,000 for the nine months ended January 29, 2023, represents a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China, which occurred during the second quarter of fiscal 2023. This $ 98,000 restructuring related charge was recorded in cost of sales in the Consolidated Statements of Net Loss for the nine months ending January 29, 2023. (2) Restructuring expense of $ 1.3 million for the nine months ending January 29, 2023, relates to both our restructuring activities for our cut and sew upholstery fabrics operations located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and located in Ouanaminthe, Haiti, which occurred during the third quarter of fiscal 2023. Restructuring expense consists of lease termination costs of $ 481,000 , employee termination benefits of $ 468,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 20,000 for other associated costs. Balance sheet information for our operating segments follows: (dollars in thousands) January 29, 2023 January 30, 2022 May 1, 2022 Segment assets: Mattress Fabrics: Accounts receivable $ 8,314 $ 17,617 $ 9,865 Inventory 28,757 39,544 39,028 Property, plant and equipment (1) 34,661 39,913 38,731 Right of use assets (2) 2,476 3,706 3,469 Total mattress fabrics assets 74,208 100,780 91,093 Upholstery Fabrics: Accounts receivable 12,927 21,381 12,361 Inventory 18,870 33,589 27,529 Property, plant and equipment (3) 1,794 2,018 2,030 Right of use assets (4) 2,995 8,727 8,124 Assets held for sale (5) 1,950 — — Total upholstery fabrics assets 38,536 65,715 50,044 Total segment assets 112,744 166,495 141,137 Non-segment assets: Cash and cash equivalents 16,725 11,780 14,550 Short-term investments - available for sale — 438 — Short-term investments - held-to-maturity — 1,315 — Short-term investments - rabbi trust 2,420 — — Current income taxes receivable 238 367 857 Other current assets 2,839 4,419 2,986 Deferred income taxes 463 500 528 Property, plant and equipment (6) 737 847 941 Right of use assets (7) 3,442 4,162 3,984 Intangible assets 2,346 2,722 2,628 Long-term investments - rabbi trust 7,725 9,223 9,357 Long-term investments - held-to-maturity — 8,677 — Other assets 919 622 595 Total assets $ 150,598 $ 211,567 $ 177,563 Nine months ended (dollars in thousands) January 29, 2023 January 30, 2022 Capital expenditures (8): Mattress Fabrics $ 612 $ 2,828 Upholstery Fabrics 465 815 Unallocated Corporate 75 1,330 Total capital expenditures $ 1,152 $ 4,973 Depreciation expense: Mattress Fabrics $ 4,624 $ 4,613 Upholstery Fabrics 604 590 Total depreciation expense $ 5,228 $ 5,203 (1) The $ 34.7 million as of January 29, 2023, represents property, plant, and equipment of $ 23.1 million, $ 10.9 million, and $ 651,000 located in the U.S., Canada, and Haiti, respectively. The $ 39.9 million as of January 30, 2022, represents property, plant, and equipment of $ 26.6 million, $ 12.5 million, and $ 796,000 located in the U.S., Canada, and Haiti, respectively. The $ 38.7 million as of May 1, 2022, represents property, plant, and equipment of $ 25.6 million, $ 12.4 million, and $ 757,000 located in the U.S., Canada, and Haiti, respectively. (2) The $ 2.5 million as of January 29, 2023, represents right of use assets of $ 1.6 million and $ 833,000 located in Haiti and Canada, respectively. The $ 3.7 million as of January 30, 2022, represents right of use assets of $ 2.1 million, $ 1.3 million, and $ 352,000 located in Haiti, the U.S., and Canada, respectively. The $ 3.5 million as of May 1, 2022, represents right of use assets of $ 2.0 million, $ 1.2 million, and $ 291,000 located in Haiti, the U.S., and Canada, respectively. (3) The $ 1.8 million as of January 29, 2023, represents property, plant, and equipment of $ 1.0 million, $ 630,000 , and $ 121,000 located in the U.S., Haiti, and China, respectively. The $ 2.0 million as of January 30, 2022, represents property, plant, and equipment of $ 1.1 million, $ 585,000 , and $ 344,000 located in the U.S., Haiti, and China, respectively. The $ 2.0 million as of May 1, 2022, represents property, plant, and equipment of $ 1.0 million, $ 756,000 , and $ 255,000 located in the U.S., Haiti, and China, respectively. (4) The $ 3.0 million as of January 29, 2023, represents right of use assets of $ 1.7 million and $ 1.3 million located in China and the U.S., respectively. The $ 8.7 million as of January 30, 2022, represents right of use assets of $ 4.1 million, $ 2.7 million, and $ 1.9 million located in China, Haiti, and the U.S., respectively. The $ 8.1 million as of May 1, 2022, represents right of use assets of $ 3.7 million, $ 2.6 million, and $ 1.8 million located in China, Haiti, and the U.S., respectively. (5) The $ 2.0 million as of January 29, 2023, represents a right of use asset classified as held for sale located in Haiti. (6) The $ 737,000 , $ 847,000 , and $ 941,000 as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (7) The $ 3.4 million, $ 4.2 million, and $ 4.0 million as of January 29, 2023, January 30, 2022, and May 1, 2022, respectively, represent right of use assets located in the U.S. (8) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Jan. 29, 2023
Income Tax Disclosure [Abstract]
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate	The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the nine-month periods ending January 29, 2023, and January 30, 2022: January 29, January 30, 2023 2022 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance ( 29.3 ) ( 26.9 ) Withholding taxes associated with foreign jurisdictions ( 2.0 ) 9.8 Capital expenditure deduction - Quebec, Canada ( 1.6 ) — Foreign income tax rate differential 1.4 7.9 Tax effects of local currency foreign exchange gains (losses) 1.3 ( 1.0 ) Global Intangible Low Taxed Income Tax ("GILTI") — 37.4 Other ( 0.3 ) 0.2 ( 9.5 )% 48.4 %
Summary of Valuation Allowances Against Net Deferred Income Tax Assets	Based on our assessments as of January 29, 2023, January 30, 2022, and May 1, 2022, valuation allowances against our net deferred income tax assets pertain to the following: (dollars in thousands) January 29, 2023 January 30, 2022 May 1, 2022 U.S. federal and state net deferred income tax assets $ 15,741 7,802 9,527 U.S. capital loss carryforward 2,330 2,330 2,330 $ 18,071 10,132 11,857
Summary of Taxes Paid	The following table sets forth taxes paid by jurisdiction: Nine Months Nine Months Ended Ended January 29, January 30, (dollars in thousands) 2023 2022 United States Transition Tax Payment $ 265 $ 266 China Income Taxes, Net of Refunds 1,680 2,036 China - Withholding Taxes Associated With — 487 Canada - Income Taxes, Net of Refunds ( 9 ) 256 $ 1,936 $ 3,045

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jan. 29, 2023
Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units	The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on our outstanding performance-based restricted stock units granted to senior executives on August 10, 2022 and July 22, 2021: August 10, July 22, 2022 2021 Closing price of our common stock $ 5.06 $ 14.75 Expected volatility of our common stock 48.2 % 54.2 % Expected volatility of peer companies (1) 41.6 % - 105.1 % 45.7 % - 101.5 % Risk-free interest rate 3.13 % 0.33 % Dividend yield 0.00 % 3.00 % Correlation coefficient of peer companies (1) 0.05 - 0.23 0.03 - 0.35 (1) The expected volatility and correlation coefficient of our peer companies for the August 10, 2022 and July 22, 2021, grant dates were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group.
Performance Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our performance-based restricted stock units that vested during the nine-month periods ending January 29, 2023, and January 30, 2022: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 545 $ 3 $ 5.10 Fiscal 2023 (2) 437 $ 2 $ 5.10 Fiscal 2022 (1) 5,051 $ 87 $ 17.14 Fiscal 2022 (2) 5,812 $ 100 $ 17.14 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested.
Time-Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our time-based restricted stock units that vested during the nine-month period ending January 29, 2023: Time-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 19,786 $ 101 $ 5.10 Fiscal 2023 (2) 13,013 $ 66 $ 5.10 (1) Time-based restricted stock units vested by senior executives. (2) Time-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested.
Executive officers and key employees [Member]
Summary of Grants of Performance Based Restricted Stock Units	The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that were unvested as of January 29, 2023: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period August 10, 2022 (1) 178,714 — $ 5.77 (5) 3 years July 22, 2021 (1) 122,476 — $ 15.93 (6) 3 years July 22, 2021 (2) 20,500 — $ 14.75 (7) 3 years (1) Performance-based restricted stock units awarded to senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of January 29, 2023. (5) Price per share represents the fair market value per share ($ 1.14 per $1, or an increase of $ 0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 5.06 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022. (6) Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. (7) Price per share represents the closing price of our common stock on the date of grant.
Senior Executives and Management [Member] | Time-Based Restricted Stock Units [Member]
Summary of Grants of Time-Based Restricted Stock Unit Awards	The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives and key members of management that were unvested as of January 29, 2023: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period September 6, 2022 37,671 $ 4.58 1 to 3 years August 10, 2022 82,016 $ 5.06 3 years July 22, 2021 37,591 $ 14.75 3 years August 6, 2020 129,095 $ 11.01 3 years August 2, 2018 10,000 $ 24.35 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jan. 29, 2023
Assets And Liabilities Lessee [Abstract]
Summary of right of use assets and lease liabilities	The right of use assets and lease liabilities associated with our operating leases as of January 29, 2023, January 30, 2022, and May 1, 2022, are as follows: (dollars in thousands) January 29, January 30, May 1, Right of use assets $ 8,913 $ 16,595 $ 15,577 Operating lease liability - current 2,785 3,295 3,219 Operating lease liability – noncurrent 4,399 7,848 7,062
Supplemental Cash Flow Information	Supplemental Cash Flow Information Nine Months Nine Months (dollars in thousands) January 29, 2023 January 30, 2022 Operating lease liability payments $ 1,704 $ 2,249 Right of use assets exchanged for lease liabilities 731 3,763
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2023, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2023 $ 756 2024 2,907 2025 1,914 2026 608 2027 344 Thereafter 1,028 $ 7,557 Less: interest ( 373 ) Present value of lease liabilities $ 7,184
Summary of weighted average remaining lease term and discount rate	As of January 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: January 29, 2023 Weighted average lease term 3.9 years Weighted average discount rate 3.69 %

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Non-cash inventory charges	$ 6,301	$ 1,407

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts - Summary of the Activity in the Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($)	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 292,000	$ 591,000
Provision for bad debts	33,000	86,000
Write-offs, net of recoveries	(72,000)	(34,000)
Ending balance	$ 253,000	$ 643,000

Allowance for Doubtful Accoun_4

Allowance for Doubtful Accounts - Narrative (Detail) - USD ($)	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022	May 02, 2021
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 253,000	$ 292,000	$ 643,000	$ 591,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	9 Months Ended
	Jan. 29, 2023 USD ($) Segment	May 01, 2022 USD ($)	Jan. 30, 2022 USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment	2
Contract assets recognized | $	$ 0	$ 0	$ 0

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the activity associated with deferred revenue (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023		Jan. 30, 2022
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 520	[1]	$ 540
Revenue recognized on contract liabilities	(3,496)		(2,276)
Payments received for services not yet rendered	4,406		2,254
Ending balance	$ 1,430		$ 518
[1] Derived from audited financial statements.

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 52,523	$ 80,291	$ 173,508	$ 237,899
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	50,272	77,839	167,280	231,485
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	2,251	2,452	6,228	6,414
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	24,697	38,439	80,299	122,380
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	24,697	38,439	80,299	122,380
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	27,826	41,852	93,209	115,519
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	25,575	39,400	86,981	109,105
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 2,251	$ 2,452	$ 6,228	$ 6,414

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022		Jan. 30, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 9,623	$ 13,477		$ 12,964
Work-in-process	3,164	4,237		4,679
Finished goods	34,840	48,843		55,490
Inventories	$ 47,627	$ 66,557	[1]	$ 73,133
[1] Derived from audited financial statements.

Inventories - Narrative (Detail

Inventories - Narrative (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Jan. 29, 2023	Jan. 30, 2022
Inventory [Line Items]
Non-cash inventory charges			$ 6,300,000
Write down to net realizable value			6,301,000	$ 1,407,000
Exit of Cut and Sew Upholstery Fabrics Operation [Member] | Shanghai, China [Member]
Inventory [Line Items]
Loss on disposal			(98,000)
Mattress Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges	$ 3,800,000		3,900,000
Write down to net realizable value	$ 2,900,000		$ 2,900,000
Percentage of decline in net sales	35.80%		34.40%
Gross margin percentage	(8.70%)	15%	(9.10%)	13.20%
Upholstery Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges			$ 2,400,000
Upholstery Fabrics [Member] | Shanghai, China [Member]
Inventory [Line Items]
Loss on disposal			98,000
Mattress and Upholstery Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges			$ 3,300,000	$ 1,400,000

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022		Jan. 30, 2022	May 02, 2021
Intangible Assets [Line Items]
Tradename	$ 540	$ 540		$ 540
Intangible assets	2,346	2,628	[1]	2,722
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,411	1,636		1,711	$ 1,937
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 395	$ 452		$ 471	$ 527
[1] Derived from audited financial statements.

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Jan. 29, 2023	Jan. 30, 2022	May 01, 2022		May 02, 2021
Intangible Assets [Line Items]
Asset impairment charges			$ 0
Gross carrying amount of customer relationships			3,100,000	$ 3,100,000	$ 3,100,000
Gross carrying amount of non-compete agreement			2,000,000	2,000,000	2,000,000
Gross carrying amount of asset group			37,800,000
Property, plant and equipment, net			37,192,000	42,778,000	41,702,000	[1]
Right of use assets			$ 8,913,000	$ 16,595,000	15,577,000	[1]
Mattress Fabrics [Member]
Intangible Assets [Line Items]
Percentage of decline in net sales	35.80%		34.40%
Gross margin percentage	(8.70%)	15%	(9.10%)	13.20%
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net			$ 1,411,000	$ 1,711,000	1,636,000		$ 1,937,000
Accumulated amortization			1,700,000	1,400,000	1,500,000
Remaining amortization expense for the fiscal year			76,000
Remaining amortization expense for the first fiscal year			301,000
Remaining amortization expense for the second fiscal year			301,000
Remaining amortization expense for the third fiscal year			301,000
Remaining amortization expense for the fourth fiscal year			279,000
Remaining amortization expense for the fiscal year thereafter			$ 153,000
Weighted average remaining amortization period			5 years
Customer Relationships [Member] | Minimum [Member]
Intangible Assets [Line Items]
Useful life			9 years
Customer Relationships [Member] | Maximum [Member]
Intangible Assets [Line Items]
Useful life			17 years
Customer Relationships [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net			$ 370,000
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Useful life			15 years
Finite-lived intangible assets, net			$ 395,000	471,000	452,000		$ 527,000
Accumulated amortization			1,600,000	$ 1,500,000	$ 1,600,000
Remaining amortization expense for the fiscal year			18,000
Remaining amortization expense for the first fiscal year			76,000
Remaining amortization expense for the second fiscal year			76,000
Remaining amortization expense for the third fiscal year			76,000
Remaining amortization expense for the fourth fiscal year			76,000
Remaining amortization expense for the fiscal year thereafter			$ 73,000
Weighted average remaining amortization period			5 years 3 months 18 days
Non-Compete Agreement [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net			$ 309,000
Property, Plant and Equipment [Member]
Intangible Assets [Line Items]
Property, plant and equipment, net			34,700,000
Right Of Use Assets [Member]
Intangible Assets [Line Items]
Right of use assets			$ 2,500,000
[1] Derived from audited financial statements.

Intangible Assets - Summary o_2

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 1,636	$ 1,937
Amortization expense	(225)	(226)
Ending balance	1,411	1,711
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	452	527
Amortization expense	(57)	(56)
Ending balance	$ 395	$ 471

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022
Payables And Accruals [Abstract]
Compensation, commissions and related benefits	$ 3,571	$ 4,248	$ 3,426
Other accrued expenses	3,130	3,584	5,020
Accrued expenses	$ 6,701	$ 7,832	$ 8,446

Upholstery Fabrics Segment Re_3

Upholstery Fabrics Segment Restructuring Activities - Narrative (Detail) - USD ($)		3 Months Ended		9 Months Ended
	Jan. 24, 2023	Jan. 29, 2023	Oct. 30, 2022	Jan. 29, 2023	May 01, 2022	[1]	Jan. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 711,000		$ 1,326,000
Fair value of right of use assets held for sale		2,000,000		2,000,000
Restructuring related charge				(98,000)
Operating lease liability		7,184,000		7,184,000
Right of use assets		8,913,000		8,913,000	$ 15,577,000		$ 16,595,000
Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		711,000	$ 615,000	1,300,000
Fair value of right of use assets held for sale		2,000,000		2,000,000
Lease rent advance payment		2,800,000		2,800,000
Lease expiration date	Dec. 31, 2029
Right of use assets	$ 2,400,000
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges				1,424,000
Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges			713,000
Exit and Disposal Activity [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge				98,000
Exit and Disposal Activity [Member] | Cost of Sales [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge				98,000
Employee Termination Benefits [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense				468,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense				468,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			468,000
Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge				98,000
Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge			98,000
Impairment Loss on Equipment | Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			80,000
Lease Termination Costs [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		434,000		481,000
Lease Termination Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense				481,000
Lease Termination Costs [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			47,000
Leasehold Improvements Impairment Loss [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 277,000		357,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense				$ 20,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			$ 20,000
[1] Derived from audited financial statements.

Upholstery Fabrics Segment Re_4

Upholstery Fabrics Segment Restructuring Activities - Summary of Restructuring Expense and Restructuring Related Charges (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 29, 2023	Jan. 29, 2023
Restructuring related charge
Restructuring expense	$ 711	$ 1,326
Restructuring related charge		(98)
Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring expense and restructuring related charges		1,424
Lease Termination Costs [Member] | Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring expense		481
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring expense		468
Impairment Loss - Leasehold Improvements and Equipment [Member] | Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring expense		357
Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring related charge		98
Other Associated Costs [Member] | Exit and Disposal Activity [Member]
Restructuring related charge
Restructuring expense		$ 20

Upholstery Fabrics Segment Re_5

Upholstery Fabrics Segment Restructuring Activities - Summary of Restructuring Expense and Restructuring Related Charges (Parenthetical) (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 29, 2023	Jan. 29, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 711,000	$ 1,326,000
Restructuring related charge		(98,000)
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges		1,424,000
Cost of Sales [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge		$ 98,000

Upholstery Fabrics Segment Re_6

Upholstery Fabrics Segment Restructuring Activities - Summary of Activity in Accrued Restructuring (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 29, 2023	Jan. 29, 2023
Restructuring Cost and Reserve [Line Items]
Expenses incurred	$ 711	$ 1,326
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023		515
Payments		(535)
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023		468
Expenses incurred		468
Payments		(468)
Lease Termination Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023		47
Expenses incurred		481
Payments		(47)
Other Associated Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred		20
Payments		$ (20)

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail)					9 Months Ended		12 Months Ended
	Jan. 19, 2023 USD ($)	Nov. 24, 2022 CNY (¥)	Aug. 19, 2022 USD ($)	Jun. 24, 2022 USD ($)	Jan. 29, 2023 USD ($)	Jan. 30, 2022 USD ($)	May 01, 2022 USD ($)	Jan. 29, 2023 CNY (¥)
Revolving Credit Facility [Member] | United States [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity				$ 40,000,000			$ 30,000,000
Expiration date							Aug. 15, 2022
Maximum amount of letters of credit				$ 1,000,000			$ 1,000,000
Expiration month year				2025-06
Minimum tangible net worth				$ 100,000,000
Percentage of annual net income in addition to minimum tangible net worth				50%
Minimum EBITDA to net interest expense ratio				3
Minimum access to liquidity amount			$ 15,000,000	$ 15,000,000
Applicable interest rate at end of period					5.81%	1.71%	2.40%	5.81%
Reference rate on which the interest rate is based					SOFR	LIBOR	LIBOR
Letters of credit, outstanding amount					$ 275,000	$ 275,000	$ 275,000
Line of credit facility, available borrowing					23,000,000
Outstanding amount					0	0	0
Interest paid during the year					$ 8,000	0
Revolving Credit Facility [Member] | United States [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity	$ 35,000,000
Expiration date	Jan. 19, 2026
Maximum amount of letters of credit	$ 1,000,000
Line of credit facility, accounts receivable, borrowing base percentage	85%
Line of credit facility, borrowing base percentage of eligible inventory value	65%
Line of credit facility, borrowing base percentage of net-orderly-liquidation value of eligible inventory value	85%
Line of credit facility, borrowing base percentage of eligible in-transit inventory value	65%
Line of credit facility, borrowing base percentage of net-orderly-liquidation value of eligible in-transit inventory value	85%
Line of credit facility, borrowing base percentage of eligible raw material inventory value	65%
Line of credit facility, borrowing base percentage of net-orderly-liquidation value of eligible raw material inventory value	85%
Line of credit facility, borrowing base eligible in-transit inventory value	$ 5,000,000
Line of credit stated amount to determine borrowing base	22,500,000
Debt instrument, interest rate terms					The ABL Facility permits both base rate borrowings and borrowings based upon daily simple SOFR (the secured overnight financing rate administered by the Federal Reserve Bank of New York (or its successor)). Borrowings under the ABL Facility bear interest at an annual rate equal to daily simple SOFR plus 150 basis points (if the average monthly excess availability under the ABL Facility is greater than 50%) or 175 basis point (if the average monthly excess availability under the ABL Facility is less than or equal to 50%) or 50 basis points above base rate (if the average monthly excess availability under the ABL Facility is greater than 50%) or 75 basis points above base rate (if the average monthly excess availability under the ABL Facility is less than or equal to 50%), as applicable, with a fee on unutilized commitments at an annual rate of 37.5 basis points and an annual servicing fee of $12,000.
Annual servicing fee	$ 12,000
Line of credit facility, equal to eligible accounts receivable, borrowing base percent	200%
Threshold amount to determine excess borrowing availability	$ 35,000,000
Number of consecutive days in which if no event of default occurs, the compliance period ends	60 days
Line of credit facility, fixed charge ratio	1.10
Line of credit facility, commitment fee percentage	37.50%
Revolving Credit Facility [Member] | United States [Member] | SOFR [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate				1.35%
Revolving Credit Facility [Member] | United States [Member] | Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Remaining letters of credit					$ 725,000
Revolving Credit Facility [Member] | United States [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate				1.35%
Revolving Credit Facility [Member] | United States [Member] | Minimum [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Line of credit facility, excess borrowing ability	$ 7,000,000
Line of credit facility, covenant, excess borrowing availability	$ 5,250,000
Revolving Credit Facility [Member] | United States [Member] | Minimum [Member] | Base Rate [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	50%
Revolving Credit Facility [Member] | United States [Member] | Minimum [Member] | SOFR [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	150%
Revolving Credit Facility [Member] | United States [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate				2.50%
Revolving Credit Facility [Member] | United States [Member] | Maximum [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Line of credit facility, excess borrowing ability	$ 7,000,000
Line of credit facility, covenant, excess borrowing availability	$ 5,250,000
Revolving Credit Facility [Member] | United States [Member] | Maximum [Member] | Base Rate [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	75%
Revolving Credit Facility [Member] | United States [Member] | Maximum [Member] | SOFR [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	175%
Revolving credit agreements [Member] | China [Member] | Chinese Yuan Renminbi [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity		¥ 40,000,000			$ 5,900,000			¥ 40,000,000
Expiration date		Nov. 24, 2023			Nov. 15, 2022
Interest rate description					Interest charged under this agreement is based on an interest rate determined by the Chinese government at the time of borrowing. The agreement
Outstanding amount					$ 0	$ 0	$ 0
Revolving credit agreements [Member] | China [Member] | United States Dollar [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity					$ 2,000,000
Expiration date					Aug. 30, 2022

Fair Value - Recurring Basis (D

Fair Value - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022
U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	$ 9,364	$ 8,683	$ 8,531
Large Cap Equity Mutual Funds [Member]
Assets:
Investments at fair value			74
Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	85	81	86
Other [Member]
Assets:
Investments at fair value	188	158	259
Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	508	435	444
Bond Mutual Funds [Member]
Assets:
Investments at fair value			267
Quoted prices in active markets for identical assets - Level 1 [Member] | U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	9,364	8,683	8,531
Quoted prices in active markets for identical assets - Level 1 [Member] | Large Cap Equity Mutual Funds [Member]
Assets:
Investments at fair value			74
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	85	81	86
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	188	158	259
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	$ 508	$ 435	444
Quoted prices in active markets for identical assets - Level 1 [Member] | Bond Mutual Funds [Member]
Assets:
Investments at fair value			$ 267

Fair Value - Narrative (Detail)

Fair Value - Narrative (Detail) - USD ($)	Jan. 29, 2023	May 01, 2022		Jan. 30, 2022
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Short-term investments - available for sale				$ 438,000
Amortized cost of held-to-maturity investments				10,000,000
Fair value of held-to-maturity investments				9,800,000
Investments (Rabbi Trust) - available for sale	$ 10,100,000	$ 9,400,000		9,200,000
Long-term investments (Rabbi Trust) - available for sale	7,725,000	9,357,000	[1]	9,223,000
Long-term investments (Rabbi Trust) - available for sale	7,700,000	9,400,000		9,200,000
Short-term investments (Rabbi Trust) - available for sale	2,420,000
Fair value of right of use assets held for sale	2,000,000
Short-term Investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized loss on investments				2,000
Investments (Rabbi Trust) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on investments	$ 21,000	$ 32,000		$ 90,000
[1] Derived from audited financial statements.

Net (Loss) Income Per Share - S

Net (Loss) Income Per Share - Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net (Loss) Income Per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Earnings Per Share [Abstract]
Weighted average common shares outstanding, basic	12,299	12,212	12,272	12,249
Dilutive effect of stock-based compensation				92
Weighted average common shares outstanding, diluted	12,299	12,212	12,272	12,341

Net (Loss) Income Per Share - N

Net (Loss) Income Per Share - Narrative (Detail) - Common Stock Awards [Member] - shares	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Antidilutive securities due to decrease in stock price excluded from computation of loss per share	22,053	44,616	31,176	11,711
Antidilutive securities due to net loss recorded during the reporting period	87,433	79,507	68,380

Segment Information - Narrative

Segment Information - Narrative (Detail)	9 Months Ended
	Jan. 29, 2023 Segment
Segment Reporting [Abstract]
Number of operating segments	2
Description of changes in reporting intangible assets in segment assets	Intangible assets are not included in segment assets as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to individual segments, or determine executive compensation.

Segment Information - Statement

Segment Information - Statement of Operations for Operating Segments (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Jan. 29, 2023	Oct. 30, 2022	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Segment Reporting Information [Line Items]
net sales	$ 52,523,000		$ 80,291,000	$ 173,508,000	$ 237,899,000
gross (loss) profit	2,093,000		9,110,000	4,008,000	32,336,000
selling, general, and administrative expenses	9,165,000		8,007,000	27,133,000	26,275,000
(loss) income from operations	(7,783,000)		1,103,000	(24,451,000)	6,061,000
Restructuring expense	(711,000)			(1,326,000)
restructuring related charge				(98,000)
interest income	196,000		214,000	292,000	347,000
Other expense	(1,095,000)		(322,000)	(348,000)	(963,000)
(Loss) income before income taxes	(8,682,000)		995,000	(24,507,000)	5,445,000
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	24,697,000		38,439,000	80,299,000	122,380,000
gross (loss) profit	(1,237,000)		3,164,000	(7,330,000)	16,106,000
selling, general, and administrative expenses	2,992,000		2,800,000	8,821,000	8,991,000
(loss) income from operations	(4,229,000)		364,000	(16,151,000)	7,115,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	27,826,000		41,852,000	93,209,000	115,519,000
gross (loss) profit	3,330,000		5,946,000	11,053,000	10,491,000
selling, general, and administrative expenses	3,750,000		3,500,000	11,436,000	16,230,000
(loss) income from operations	(420,000)		2,446,000	383,000	5,739,000
Restructuring expense	(711,000)	$ (615,000)		(1,300,000)
Operating Segments [Member]
Segment Reporting Information [Line Items]
gross (loss) profit				4,106,000	32,336,000
(loss) income from operations	(7,072,000)		1,103,000	(23,027,000)	6,061,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
selling, general, and administrative expenses	2,423,000		1,707,000	7,259,000	6,793,000
(loss) income from operations	$ (2,423,000)		$ (1,707,000)	$ (7,259,000)	$ (6,793,000)

Segment Information - Stateme_2

Segment Information - Statement of Operations for Operating Segments (Parenthetical) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Oct. 30, 2022	Jan. 29, 2023
Segment Reporting Information [Line Items]
Restructuring related charge			$ (98,000)
Restructuring expense	$ 711,000		1,326,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring expense	711,000	$ 615,000	1,300,000
Restructuring expense, other associated costs			20,000
Upholstery Fabrics [Member] | Lease Termination Costs [Member]
Segment Reporting Information [Line Items]
Restructuring expense	434,000		481,000
Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Segment Reporting Information [Line Items]
Restructuring expense			468,000
Upholstery Fabrics [Member] | Leasehold Improvements Impairment Loss [Member]
Segment Reporting Information [Line Items]
Restructuring expense	277,000		357,000
China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Loss on disposal			98,000
China [Member] | Upholstery Fabrics [Member] | Cost of Sales [Member]
Segment Reporting Information [Line Items]
Restructuring related charge			$ 98,000
Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring expense	711,000
Haiti [Member] | Upholstery Fabrics [Member] | Lease Termination Costs [Member]
Segment Reporting Information [Line Items]
Restructuring expense	434,000
Haiti [Member] | Upholstery Fabrics [Member] | Leasehold Improvements Impairment Loss [Member]
Segment Reporting Information [Line Items]
Impairment loss on leasehold improvements	$ 277,000

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 24, 2023	May 01, 2022
Segment Reporting Information [Line Items]
Accounts receivable	$ 21,241	$ 38,998		$ 22,226	[1]
Inventory	47,627	73,133		66,557	[1]
Cash and cash equivalents	16,725	11,780		14,550	[1]
Short-term investments - available for sale		438
Short-term investments - held-to-maturity		1,315
Short-term investments - rabbi trust	2,420
Current income taxes receivable	238	367		857	[1]
Other current assets	2,839	4,419		2,986	[1]
Deferred income taxes	463	500		528	[1]
Property, plant and equipment	37,192	42,778		41,702	[1]
Right of use assets	8,913	16,595		15,577	[1]
Assets held for sale	1,950
Intangible assets	2,346	2,722		2,628	[1]
Long-term investments - rabbi trust	7,725	9,223		9,357	[1]
Long-term investments - held-to-maturity		8,677
Other assets	919	622		595	[1]
Total assets	150,598	211,567		177,563	[1]
Capital expenditures	1,152	4,973
Depreciation expense	5,228	5,203
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Right of use assets			$ 2,400
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets	112,744	166,495		141,137
Depreciation expense	5,228	5,203
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable	8,314	17,617		9,865
Inventory	28,757	39,544		39,028
Property, plant and equipment	34,661	39,913		38,731
Right of use assets	2,476	3,706		3,469
Total assets	74,208	100,780		91,093
Capital expenditures	612	2,828
Depreciation expense	4,624	4,613
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable	12,927	21,381		12,361
Inventory	18,870	33,589		27,529
Property, plant and equipment	1,794	2,018		2,030
Right of use assets	2,995	8,727		8,124
Assets held for sale	1,950
Total assets	38,536	65,715		50,044
Capital expenditures	465	815
Depreciation expense	604	590
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	16,725	11,780		14,550
Short-term investments - available for sale		438
Short-term investments - held-to-maturity		1,315
Short-term investments - rabbi trust	2,420
Current income taxes receivable	238	367		857
Other current assets	2,839	4,419		2,986
Deferred income taxes	463	500		528
Property, plant and equipment	737	847		941
Right of use assets	3,442	4,162		3,984
Intangible assets	2,346	2,722		2,628
Long-term investments - rabbi trust	7,725	9,223		9,357
Long-term investments - held-to-maturity		8,677
Other assets	919	622		595
Total assets	150,598	211,567		$ 177,563
Capital expenditures	$ 75	$ 1,330
[1] Derived from audited financial statements.

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($)	Jan. 29, 2023	Jan. 24, 2023	May 01, 2022		Jan. 30, 2022
Segment Reporting Information [Line Items]
Property, plant and equipment	$ 37,192,000		$ 41,702,000	[1]	$ 42,778,000
Right of use assets	8,913,000		15,577,000	[1]	16,595,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Right of use assets		$ 2,400,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	34,661,000		38,731,000		39,913,000
Right of use assets	2,476,000		3,469,000		3,706,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	1,794,000		2,030,000		2,018,000
Right of use assets	2,995,000		8,124,000		8,727,000
Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	23,100,000		25,600,000		26,600,000
Right of use assets			1,200,000		1,300,000
Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	1,000,000		1,000,000		1,100,000
Right of use assets	1,300,000		1,800,000		1,900,000
Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	10,900,000		12,400,000		12,500,000
Right of use assets	833,000		291,000		352,000
Operating Segments [Member] | Haiti [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	651,000		757,000		796,000
Right of use assets	1,600,000		2,000,000		2,100,000
Operating Segments [Member] | Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	630,000		756,000		585,000
Right of use assets	2,000,000		2,600,000		2,700,000
Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	121,000		255,000		344,000
Right of use assets	1,700,000		3,700,000		4,100,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	737,000		941,000		847,000
Right of use assets	3,442,000		3,984,000		4,162,000
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	737,000		941,000		847,000
Right of use assets	$ 3,400,000		$ 4,000,000		$ 4,200,000
[1] Derived from audited financial statements.

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Income Taxes [Line Items]
Income taxes	$ 286	$ 1,284	$ 2,332	$ 2,633
Effective income tax rate			(9.50%)	48.40%
Pre-tax income (loss)	$ (8,682)	$ 995	$ (24,507)	$ 5,445
U.S. [Member]
Income Taxes [Line Items]
Pre-tax income (loss)			$ (28,800)	$ (2,300)

Income Taxes - Differences Betw

Income Taxes - Differences Between Income Tax Expense from Continuing Operations at Federal Income Tax Rate and Effective Income Tax Rate (Detail)	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21%	21%
U.S. valuation allowance	(29.30%)	(26.90%)
Withholding taxes associated with foreign jurisdictions	(2.00%)	9.80%
Capital expenditure deduction - Quebec, Canada	(1.60%)
Foreign income tax rate differential	1.40%	7.90%
Tax effects of local currency foreign exchange gains (losses)	1.30%	(1.00%)
Global Intangible Low Taxed Income Tax ("GILTI")		37.40%
Other	(0.30%)	0.20%
Effective income tax rate	(9.50%)	48.40%

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Net Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022
Valuation Allowance [Line Items]
Valuation allowance	$ 18,071	$ 11,857	$ 10,132
Capital Loss Carryforward [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,330	2,330	2,330
U.S. Federal and State [Member] | Deferred Income Tax Assets [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 15,741	$ 9,527	$ 7,802

Income Taxes - Undistributed Ea

Income Taxes - Undistributed Earnings - Narrative (Detail) - USD ($) $ in Millions	9 Months Ended
	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022
Income Tax Disclosure [Abstract]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100%
Dividends received deduction, foreign corporation ownership percentage	10%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 4.1	$ 3.5	$ 3.6

Income Taxes - Uncertain Income

Income Taxes - Uncertain Income Tax Positions - Narrative (Detail) - USD ($)	Jan. 29, 2023	May 01, 2022	Jan. 30, 2022
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,200,000		$ 1,400,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	1,200,000	$ 1,100,000	1,100,000
Non-current Deferred Income Taxes [Member]
Income Taxes [Line Items]
Unrecognized tax benefits			380,000
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,200,000	$ 1,100,000	$ 1,100,000

Income Taxes - Summary of Taxes

Income Taxes - Summary of Taxes Paid (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Income Taxes [Line Items]
Total income taxes paid, net of refunds	$ 1,936	$ 3,045
Domestic Tax Authority [Member] | United States [Member]
Income Taxes [Line Items]
United States Transition Tax Payment	265	266
Foreign Tax Authority [Member] | China [Member]
Income Taxes [Line Items]
Total income taxes paid, net of refunds	1,680	2,036
China - Withholding Taxes Associated With Earnings and Profits Distributed to the U.S.		487
Foreign Tax Authority [Member] | Canada [Member]
Income Taxes [Line Items]
Total income taxes paid, net of refunds	$ (9)	$ 256

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)							9 Months Ended
	Jan. 03, 2023	Oct. 03, 2022	Jul. 01, 2022	Jan. 03, 2022	Oct. 01, 2021	Jul. 01, 2021	Jan. 29, 2023	Jan. 30, 2022	Sep. 16, 2015
Performance Based Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (credit)							$ 2,000	$ (40,000)
Time-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation expense							$ 1,000,000
Weighted average period over which unrecognized compensation expense is expected to be recognized							1 year 8 months 12 days
Fair value of units expected to vest							$ 1,600,000
Time-Based Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (credit)							634,000	682,000
Common Stock Awards [Member] | Outside Directors [Member] | Immediate Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock awarded	17,819	18,326	19,753	8,357	6,426	4,312
Price Per Share	$ 4.70	$ 4.57	$ 4.24	$ 10.02	$ 13.03	$ 16.24
Common Stock Awards [Member] | Selling, General and Administrative Expenses [Member] | Outside Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense (credit)							$ 251,000	$ 238,000
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock authorized for issuance									1,200,000
Number of shares available for future equity based grants							224,369

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares		Aug. 10, 2022	Jul. 22, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of our common stock		$ 5.06	$ 14.75
Expected volatility of our common stock		48.20%	54.20%
Risk-free interest rate		3.13%	0.33%
Dividend yield		0%	3%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	[1]	41.60%	45.70%
Correlation coefficient of peer companies	[1]	0.05%	0.03%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	[1]	105.10%	101.50%
Correlation coefficient of peer companies	[1]	0.23%	0.35%
[1] The expected volatility and correlation coefficient of our peer companies for the August 10, 2022 and July 22, 2021, grant dates were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group.

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Grants of Performance-Based Restricted Stock Units Associated with Senior Executives and Key Employees (Detail) - Performance Based Restricted Stock Units [Member] - $ / shares		Aug. 10, 2022		Jul. 22, 2021
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded	[1],[2]	178,714		122,476
Price Per Share	[2]	$ 5.77	[3]	$ 15.93	[4]
Vesting Period	[2]	3 years		3 years
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded	[1],[5]			20,500
Price Per Share	[5],[6]			$ 14.75
Vesting Period	[5]			3 years
[1] Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. Performance-based restricted stock units awarded to senior executives. Price per share represents the fair market value per share ($ 1.14 per $1, or an increase of $ 0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 5.06 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022. Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. Performance-based restricted stock units awarded to key employees. Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Grants of Performance-Based Restricted Stock Units Associated with Senior Executives and Key Employees (Parenthetical) (Detail) - Performance Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares	Aug. 10, 2022	Jul. 22, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value adjustment to closing price of common stock, percentage	114%	108%
Fair value adjustment to closing price of common stock, per share	$ 0.71	$ 1.18
Closing price of common stock	$ 5.06	$ 14.75

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Vested Performance-Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Jan. 29, 2023	Jan. 30, 2022
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested	[1]	545	5,051
Fair Value	[1],[2]	$ 3	$ 87
Price Per Share	[1],[3]	$ 5.10	$ 17.14
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested	[4]	437	5,812
Fair Value	[2],[4]	$ 2	$ 100
Price Per Share	[3],[4]	$ 5.10	$ 17.14
[1] Performance-based restricted stock units vested by senior executives. Dollar amounts are in thousands. Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested. Performance-based restricted stock units vested by key employees.

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Grants of Time-Based Restricted Stock Unit Awards Associated with Key Member of Management (Detail) - Time-Based Restricted Stock Units [Member] - Senior Executives and Management [Member] - $ / shares		Sep. 06, 2022	Aug. 10, 2022	Jul. 22, 2021	Aug. 06, 2020	Aug. 02, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-Based Restricted Stock Units Awarded		37,671	82,016	37,591	129,095	10,000
Price Per Share	[1]	$ 4.58	$ 5.06	$ 14.75	$ 11.01	$ 24.35
Vesting Period			3 years	3 years	3 years	5 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		1 year
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		3 years
[1] Price per share represents closing price of common stock on the date the respective award was granted.

Stock-Based Compensation - Su_6

Stock-Based Compensation - Summary of Time-based Restricted Stock Units (Detail) - Time-Based Restricted Stock Units [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Jan. 29, 2023 USD ($) $ / shares shares
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested | shares	19,786	[1]
Fair Value | $	$ 101	[1],[2]
Price Per Share | $ / shares	$ 5.10	[1],[3]
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested | shares	13,013	[4]
Fair Value | $	$ 66	[2],[4]
Price Per Share | $ / shares	$ 5.10	[3],[4]
[1] Time-based restricted stock units vested by senior executives. Dollar amounts are in thousands. Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested. Time-based restricted stock units vested by key employees.

Leases - Narrative (Detail)

Leases - Narrative (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022	Jan. 29, 2023	Jan. 30, 2022
Lessee, operating lease, option to extend			renewal options for additional periods ranging up to twelve years
Operating lease expenses	$ 921,000	$ 1,000,000	$ 2,900,000	$ 2,800,000
Minimum [Member]
Operating lease remaining lease terms	1 year		1 year
Maximum [Member]
Operating lease remaining lease terms	9 years		9 years

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jan. 29, 2023	May 01, 2022	[1]	Jan. 30, 2022
Assets And Liabilities Lessee [Abstract]
Right of use assets	$ 8,913	$ 15,577		$ 16,595
Operating lease liability - current	2,785	3,219		3,295
Operating lease liability - noncurrent	$ 4,399	$ 7,062		$ 7,848
[1] Derived from audited financial statements.

Leases - Operating Leases of Le

Leases - Operating Leases of Lessee Disclosure (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 29, 2023	Jan. 30, 2022
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 1,704	$ 2,249
Right of use assets exchanged for lease liabilities	$ 731	$ 3,763

Leases - Lessee Operating Lea_2

Leases - Lessee Operating Lease Liability Maturity (Details) $ in Thousands	Jan. 29, 2023 USD ($)
Lessee Disclosure [Abstract]
2023	$ 756
2024	2,907
2025	1,914
2026	608
2027	344
Thereafter	1,028
Total	7,557
Less: interest	(373)
Present value of lease liabilities	$ 7,184

Leases - Weighted Average Lease

Leases - Weighted Average Lease Term and Discount Rate (Detail)	Jan. 29, 2023
Lessee Disclosure [Abstract]
Weighted average lease term	3 years 10 months 24 days
Weighted average discount rate	3.69%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail) - USD ($)	Jan. 29, 2023	May 01, 2022	[1]	Jan. 30, 2022
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures	$ 25,000	$ 473,000		$ 33,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment	$ 738,000
[1] Derived from audited financial statements.

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subisidiary [Member] - China [Member] $ in Millions	9 Months Ended
	Jan. 29, 2023 USD ($)
Statutory Reserves [Line Items]
Percentage of net income required to be transferred to a statutory surplus reserve fund	10%
Maximum required percentage of statutory surplus reserve fund to registered capital	50%
Percentage of statutory surplus reserve fund to registered capital	50%
Statutory surplus reserve fund balance	$ 4.3
Minimum threshold percentage for statutory surplus reserve fund as percentage of registered capital, below which certain capital transactions are prohibited	25%

Common Stock Repurchase Progr_2

Common Stock Repurchase Program (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Aug. 01, 2021	Jan. 29, 2023	Jan. 30, 2022	Mar. 31, 2020
Stockholders Equity Note [Line Items]
Cost of common stock repurchase	$ 1,029,000	$ 723,000		$ 1,800,000
Common Stock [Member]
Stockholders Equity Note [Line Items]
Common stock repurchased	73,002	48,686	0	121,688
Cost of common stock repurchase	$ 3,000	$ 2,000
Remaining authorized repurchase amount			$ 3,200,000
Stock Repurchase Program March 2020 [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock					$ 5,000,000

Dividend Program - Narrative (D

Dividend Program - Narrative (Detail) $ / shares in Units, $ in Thousands	9 Months Ended
	Jan. 30, 2022 USD ($) $ / shares
Dividends [Line Items]
Cash dividends paid | $	$ 4,104
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividends paid | $	$ 4,100
Minimum [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend payment, per share | $ / shares	$ 0.11
Maximum [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend payment, per share | $ / shares	$ 0.115