Culp (CULP) 10-K 14 Jul 23 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2023	Jul. 11, 2023	Oct. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Apr. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Trading Symbol	CULP
Entity Common Stock, Shares Outstanding		12,344,030
Entity Public Float			$ 58,122,392
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
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
ICFR Auditor Attestation Flag	true
Document Annual Report	true
Document Transition Report	false
Auditor Name	GRANT THORNTON LLP
Auditor Location	Charlotte, North Carolina
Auditor Firm ID	248
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A in connection with its Annual Meeting of Shareholders are incorporated by reference into Part III of this Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2023	May 01, 2022
current assets:
cash and cash equivalents	$ 20,964,000	$ 14,550,000
short-term investments - rabbi trust	1,404,000
accounts receivable, net	24,778,000	22,226,000
inventories	45,080,000	66,557,000
short-term note receivable	219,000
current income taxes receivable		857,000
other current assets	3,071,000	2,986,000
total current assets	95,516,000	107,176,000
Property, plant and equipment, net	36,111,000	41,702,000
right of use assets	8,191,000	15,577,000
long-term investments - rabbi trust	7,067,000	9,357,000
intangible assets	2,252,000	2,628,000
long-term note receivable	1,726,000
deferred income taxes	480,000	528,000
other assets	840,000	595,000
total assets	152,183,000	177,563,000
current liabilities:
accounts payable - trade	29,442,000	20,099,000
accounts payable - capital expenditures	56,000	473,000
operating lease liability - current	2,640,000	3,219,000
deferred compensation	1,404,000
deferred revenue	1,192,000	520,000
accrued expenses	8,533,000	7,832,000
income taxes payable - current	753,000	413,000
total current liabilities	44,020,000	32,556,000
operating lease liability - long-term	3,612,000	7,062,000
income taxes payable - long-term	2,675,000	3,097,000
deferred income taxes	5,954,000	6,004,000
deferred compensation	6,842,000	9,343,000
total liabilities	63,103,000	58,062,000
commitments and contingencies (notes 10 and 12)
shareholders' equity:
preferred stock, $.05 par value, authorized 10,000,000 shares
common stock, $.05 par value, authorized 40,000,000 shares, issued and outstanding 12,327,414 at April 30, 2023 and 12,228,629 at May 1, 2022	616,000	611,000
capital contributed in excess of par value	44,250,000	43,143,000
accumulated earnings	44,195,000	75,715,000
accumulated other comprehensive income	19,000	32,000
total equity	89,080,000	119,501,000
total liabilities and equity	$ 152,183,000	$ 177,563,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2023	May 01, 2022
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.05	$ 0.05
Preferred stock, authorized shares	10,000,000	10,000,000
Common stock, par value	$ 0.05	$ 0.05
Common stock, authorized shares	40,000,000	40,000,000
Common stock, issued	12,327,414	12,228,629
Common stock, outstanding	12,327,414	12,228,629

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - USD ($)		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Statement [Abstract]
net sales		$ 234,934,000	$ 294,839,000	$ 299,720,000
cost of sales		(224,038,000)	(258,746,000)	(249,888,000)
gross profit		10,896,000	36,093,000	49,832,000
selling, general and administrative expenses		(37,978,000)	(35,415,000)	(37,756,000)
restructuring expense	[1]	(1,396,000)
(loss) income from operations		(28,478,000)	678,000	12,076,000
interest expense			(17,000)	(51,000)
interest income		531,000	373,000	244,000
gain on bargain purchase	[2]			819,000
other expense		(443,000)	(1,359,000)	(2,208,000)
(loss) income before income taxes		(28,390,000)	(325,000)	10,880,000
income tax expense		(3,130,000)	(2,886,000)	(7,693,000)
income from investment in unconsolidated joint venture				31,000
net (loss) income		$ (31,520,000)	$ (3,211,000)	$ 3,218,000
net (loss) income per share-basic		$ (2.57)	$ (0.26)	$ 0.26
net (loss) income per share-diluted		$ (2.57)	$ (0.26)	$ 0.26
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50 % ownership interest of $ 1.7 million and the $ 954,000 total purchase price for the remaining 50% ownership interest.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Statement Of Income And Comprehensive Income [Abstract]
net (loss) income	$ (31,520)	$ (3,211)	$ 3,218
other comprehensive (loss) income
unrealized holding (loss) gain on investments	(13)	(144)	162
reclassification adjustment for realized loss (gain) included in net (loss) income		30	(6)
total unrealized (loss) gain on investments	(13)	(114)	156
comprehensive (loss) income	$ (31,533)	$ (3,325)	$ 3,374

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
Beginning balance at May. 03, 2020	$ 129,698	$ 615	$ 42,582	$ 86,511	$ (10)
Beginning balance (in shares) at May. 03, 2020		12,284,946
net income (loss)	3,218			3,218
stock-based compensation	1,251		1,251
unrealized gain (loss) on investments	156				156
common stock issued in connection with vesting of performance based restricted stock units (in shares)		8,843
immediately vested common stock awards		$ 1	(1)
immediately vested common stock awards (shares)		21,220
common stock surrendered in connection with payroll withholding taxes	(25)		(25)
common stock surrendered in connection with payroll withholding taxes, in shares		(2,187)
common stock repurchased (in shares)		0
dividends paid	(5,292)			(5,292)
Ending balance at May. 02, 2021	129,006	$ 616	43,807	84,437	146
Ending balance (in shares) at May. 02, 2021		12,312,822
net income (loss)	(3,211)			(3,211)
stock-based compensation	1,133		1,133
unrealized gain (loss) on investments	(114)				(114)
common stock issued in connection with vesting of performance based restricted stock units (in shares)		10,863
immediately vested common stock awards		$ 1	(1)
immediately vested common stock awards (shares)		29,657
common stock surrendered in connection with payroll withholding taxes	(50)		(50)
common stock surrendered in connection with payroll withholding taxes, in shares		(3,025)
common stock repurchased	(1,752)	$ (6)	(1,746)
common stock repurchased (in shares)		(121,688)
dividends paid	(5,511)			(5,511)
Ending balance at May. 01, 2022	119,501	$ 611	43,143	75,715	32
Ending balance (in shares) at May. 01, 2022		12,228,629
net income (loss)	(31,520)			(31,520)
stock-based compensation	1,145		1,145
unrealized gain (loss) on investments	(13)				(13)
common stock issued in connection with vesting of performance based restricted stock units (in shares)		982
Common stock issued in connection with the vesting of time-based restricted stock units (in shares)		32,799
Common stock issued in connection with the vesting of time-based restricted stock units		$ 2	(2)
immediately vested common stock awards		$ 3	(3)
immediately vested common stock awards (shares)		71,732
common stock surrendered in connection with payroll withholding taxes	(33)		(33)
common stock surrendered in connection with payroll withholding taxes, in shares		(6,728)
common stock repurchased (in shares)		0
Ending balance at Apr. 30, 2023	$ 89,080	$ 616	$ 44,250	$ 44,195	$ 19
Ending balance (in shares) at Apr. 30, 2023		12,327,414

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
cash flows from operating activities:
net (loss) income		$ (31,520,000)	$ (3,211,000)	$ 3,218,000
adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
depreciation		6,845,000	6,994,000	6,846,000
non-cash inventory charges		5,819,000	1,927,000	882,000
amortization		438,000	559,000	466,000
stock-based compensation		1,145,000	1,133,000	1,251,000
deferred income taxes		(2,000)	691,000	3,760,000
gain on bargain purchase	[1]			(819,000)
gain on sale of property, plant, and equipment		(314,000)		(57,000)
non-cash restructuring expense		791,000
income from investment in unconsolidated joint venture				(31,000)
realized loss (gain) from the sale of investments			450,000	(6,000)
foreign currency exchange (gain) loss		(537,000)	16,000	1,520,000
changes in assets and liabilities, net of effects of acquisition and disposal of businesses:
accounts receivable		(2,642,000)	15,416,000	(12,117,000)
inventories		15,370,000	(12,714,000)	(8,107,000)
other current assets		(297,000)	946,000	(1,442,000)
other assets		86,000	(1,386,000)	(1,452,000)
accounts payable-trade		10,274,000	(22,131,000)	17,228,000
accrued expenses and deferred compensation		853,000	(5,204,000)	9,457,000
deferred revenue		672,000	(20,000)	38,000
income taxes		823,000	(907,000)	843,000
net cash provided by (used in) operating activities		7,804,000	(17,441,000)	21,478,000
cash flows from investing activities:
cash paid for acquisition of assets, net of cash acquired				(892,000)
capital expenditures		(2,108,000)	(5,695,000)	(6,664,000)
proceeds from the sale of property, plant, and equipment		468,000		12,000
proceeds from note receivable		15,000
investment in unconsolidated joint venture				(90,000)
proceeds from the sale of short-term investments (available for sale)			9,879,000	468,000
proceeds from the sale and maturity of investments (held to maturity)			13,486,000	10,165,000
purchase of short-term investments (available for sale)			(4,391,000)	(5,044,000)
purchase of investments (held-to-maturity)			(9,751,000)	(8,173,000)
proceeds from the sale of investments (rabbi trust)		2,058,000	56,000	157,000
purchase of long-term investments (rabbi trust)		(1,185,000)	(1,088,000)	(619,000)
net cash (used in) provided by investing activities		(752,000)	2,496,000	(10,680,000)
cash flows from financing activities:
proceeds from lines of credit			9,000,000
payments associated with lines of credit			(9,000,000)	(30,772,000)
payments associated with Paycheck Protection Program loan				(7,606,000)
dividends paid			(5,511,000)	(5,292,000)
repurchases of common stock			(1,752,000)
common stock surrendered for payroll withholding taxes		(33,000)	(50,000)	(25,000)
payments for debt issuance costs		(403,000)	(110,000)	(15,000)
net cash used in financing activities		(436,000)	(7,423,000)	(43,710,000)
effect of exchange rate changes on cash and cash equivalents		(202,000)	(91,000)	131,000
increase (decrease) in cash and cash equivalents		6,414,000	(22,459,000)	(32,781,000)
cash and cash equivalents at beginning of year		14,550,000	37,009,000	69,790,000
cash and cash equivalents at end of year		$ 20,964,000	$ 14,550,000	$ 37,009,000
[1] Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50 % ownership interest of $ 1.7 million and the $ 954,000 total purchase price for the remaining 50% ownership interest.

General and Summary of Signific

General and Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
General and Summary of Significant Accounting Policies	1. GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. Mattress Fabrics The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. Currently, we have mattress fabric operations located in Stokesdale, NC and Quebec, Canada. During the last half of fiscal 2023, we rationalized our domestic cut and sewn cover platform, which included the termination of agreements to lease two facilities located in High Point, NC and moving our R&D and prototyping capabilities from these facilities to our facility located in Stokesdale, North Carolina. Additionally, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Ouanaminthe, Haiti during the fourth quarter of fiscal 2021. As a result, we are now the sole owner with full control of this cut and sew mattress cover operation (see Note 2 of the consolidated financial statements for further details regarding this business combination). Upholstery Fabrics The upholstery fabrics segment develops, sources, manufactures, and sells fabrics primarily to residential and commercial furniture manufacturers. We have upholstery fabric operations located in Shanghai, China and Burlington, NC. During the third quarter of fiscal 2022, we also commenced operation of a new facility in Ouanaminthe, Haiti dedicated to the production of cut and sewn upholstery kits. However, due to the decline in demand for cut and sewn upholstery kits, we terminated the agreement to lease this new facility during the third quarter of fiscal 2023, and we relocated a scaled down upholstery cut and sewn operation into our existing mattress cover facility also located in Ouanaminthe, Haiti, during the fourth quarter of fiscal 2023. Additionally, Read Window Products, LLC (“Read”), a wholly-owned subsidiary with operations located in Knoxville, TN, provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation 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. Basis of Presentation The consolidated financial statements of the company have been prepared in accordance with U.S. generally accepted accounting principles. Certain amounts presented in prior periods have been reclassified to conform to the current period financial statement presentation. Non-cash charges totaling $ 1.9 million and $ 882,000 for markdowns of inventory estimated based on our policy for aged inventory were reclassified from the line item "inventories" to the line item "non-cash inventory charges" in the Consolidated Statement of Cash Flows for the years ended May 1, 2022, and May 2, 2021, respectively. These reclassifications did not have an on effect on previously reported net cash (used in) provided by operating activities and increase (decrease) in cash and cash equivalents. Principles of Consolidation Overall The consolidated financial statements include the accounts of the company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The accounts of our subsidiary located in Shanghai, China, are consolidated as of April 30, a calendar month end, which is required by the Chinese government. No events occurred related to the difference between our fiscal year end on the Sunday closest to April 30 and our Chinese subsidiary's year end of April 30 that materially affected the company’s financial position, results of operations, or cash flows for fiscal years 2023, 2022, and 2021. Class International Holdings, Ltd. (CIH) Equity Method of Accounting and Consolidation Effective January 1, 2017, Culp International Holdings, Ltd. (Culp International), a wholly-owned subsidiary of Culp, Inc. (“Culp”), entered into a joint venture agreement pursuant to which Culp International owned 50 % of CIH. As a result of our initial 50 % ownership interest, Culp’s investment in CIH was accounted for under the equity method of accounting in accordance with ASC Topic 823 – Investments – Equity Method and Joint Ventures. The equity method of accounting is required for an investee entity (i.e., CIH) that is not consolidated but over which the reporting entity (i.e., Culp.) exercises significant influence. Whether or not a reporting entity exercises significant influence with respect to an investee depends on an evaluation of several factors, including representation on the investee’s board of directors, voting rights, and ownership level. In accordance with the equity method of accounting, our 50 % proportionate share of earnings from CIH were reflected in the caption “income from investment in unconsolidated joint venture” in the Consolidated Statement of Net Income for the first nine months of fiscal 2021. Effective February 1, 2021, Culp International entered into a Share Purchase Agreement to acquire the remaining 50% ownership interest in CIH. Pursuant to this transaction, Culp International is now the sole owner with full control over CIH. As a result, effective February 1, 2021, our consolidated financial statements now include all of the accounts of CIH, and any significant intercompany balances and transactions have been eliminated in consolidation. Furthermore, the equity method of accounting will no longer be used and the former investment in unconsolidated joint venture is now included in the net assets of our now 100 % interest in CIH. (see Note 2 of the consolidated financial statements for further details regarding this business combination). Fiscal Year Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April 30. Fiscal 2023, 2022, and 2021 each included 52-week periods. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include demand deposit and money market accounts. We consider all highly liquid instruments with original maturities of three months or less to be cash equivalents. A summary of our cash and cash equivalents by geographic area follows: April 30, May 1, (dollars in thousands) 2023 2022 United States $ 9,769 $ 4,430 China 10,669 9,502 Canada 281 267 Haiti 236 341 Cayman Islands 9 10 $ 20,964 $ 14,550 Throughout the year, we have cash balances regarding our U.S. operations of more than the federally insured amounts on deposit with a financial institution. We have not experienced any losses in such accounts. Management believes we are not exposed to any significant credit risk related to cash and cash equivalents. Rabbi Trust Investments We have a rabbi trust to set aside funds for participants of our deferred compensation plan (the “Plan”) that enables our participants to credit their contributions to various investment options of the Plan. The investments associated with the rabbi trust consist of investments in a money market fund and various mutual funds that are classified as available-for-sale. Our rabbi trust investments classified as available-for-sale were recorded at their fair value of $ 8.5 million and $ 9.4 million as of April 30, 2023, and May 1, 2022, respectively. These investments had accumulated unrealized gains totaling $ 19,000 and $ 32,000 as of April 30, 2023, and May 1, 2022, respectively. The fair value of our investments associated with our rabbi trust approximates their cost basis and reside with our U.S. operations. Accounts Receivable and Current Expected Credit Losses Substantially all our accounts receivable were due from manufacturers in the bedding and furniture industries. We grant credit to customers and generally do not require collateral. We record an allowance for doubtful accounts that reflects estimates of probable credit losses. As of the end of each reporting period, we assess the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (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 is completed, we assign credit grades to our customers, which in turn, are used to determine our allowance for doubtful accounts. We do not have any off-balance sheet credit exposure related to our customers. Inventories We account for inventories at the lower of first-in, first-out (FIFO) cost or net realizable value. Management continuously examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value. Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain patterns. As a result, we provide inventory valuation write-downs based upon established percentages based on the age of the inventory that are continually evaluated as events and market conditions require. Our inventory aging categories are six, nine, twelve, and fifteen months. We also provide inventory valuation write-downs based on the planned discontinuance of certain patterns based on the current market values at that time as compared to their current carrying values. Property, Plant, and Equipment Property, plant, and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Major renewals and betterments are capitalized. Maintenance, repairs, and minor renewals are expensed as incurred. When properties or equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts. Amounts received on disposal greater than or less than the book value of assets sold are credited or charged to (loss) income from operations. Management reviews long-lived assets, which consist principally of property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recovered. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to future net undiscounted cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the excess of the carrying amount over the fair value of the asset. After the impairment loss is recognized, the adjusted carrying amount is the new accounting basis. Assets to be disposed of by sale are reported at the lower of the carrying value or fair value less cost to sell when the company has committed to a disposal plan and would be reported separately as assets held for sale in the Consolidated Balance Sheets. Interest Costs No interest costs were incurred during fiscal 2023. Total interest costs incurred were $ 17,000 and $ 51,000 during fiscal 2022 and 2021, respectively. We capitalize interest costs incurred on funds used to construct property, plant, and equipment. The capitalized interest is recorded as part of the asset to which it relates and is depreciated over the asset’s estimated useful life. No interest costs for the construction of qualifying fixed assets were capitalized during fiscal 2023, 2022, or 2021. Foreign Currency Adjustments The United States dollar is the functional currency for the company’s Canadian and Chinese subsidiaries. All monetary foreign currency asset and liability accounts are remeasured into U.S. dollars at year-end exchange rates. Non-monetary assets and liabilities such as property, plant, and equipment and right of use assets are recorded at historical exchange rates. Foreign currency revenues and expenses are remeasured at average exchange rates in effect during the year, except for certain expenses related to balance sheet amounts remeasured at historical exchange rates, such as depreciation expense. Exchange gains and losses from remeasurement of foreign currency denominated monetary assets and liabilities are recorded in the other expense line item in the Consolidated Statements of Net (Loss) Income in the period in which they occur. A summary of our foreign currency exchange gains (losses) by geographic area follows: (dollars in thousands) 2023 2022 2021 China $ 588 $ ( 104 ) $ ( 1,389 ) Canada ( 88 ) ( 28 ) ( 22 ) $ 500 $ ( 132 ) $ ( 1,411 ) Indefinite-Lived Intangible Assets In accordance with ASC Topic 350, Intangibles – Goodwill and Other, our business was classified into three reporting units during fiscal 2023: mattress fabrics, upholstery fabrics, and Read. ASC Topic 350 requires us to assess indefinite-lived intangible assets such as our tradename for impairment annually (the last day of our fiscal year) or between annual tests if we believe certain indicators of impairment exist. Such indicators could include but are not limited to (1) deterioration in the environment of the industry and markets in which we operate, (2) unanticipated competition, (3) a deterioration in general economic conditions, (4) an overall decline in financial performance, such as negative and declining cash flows, or a decline in actual or planned revenue or earnings compared with actual and projected results or relevant prior periods, and (5) a decrease in the price per share of our common stock. As a result, we first assess qualitative factors, such as the indicators outlined above, to determine whether it is more likely than not that the fair value of our tradename is less than its carrying amount. If we conclude that it is more likely than not that the fair value of our tradename is less than its carrying amount, we would conduct a quantitative impairment test. The quantitative impairment test would involve comparing the fair value of our tradename with its carrying value. We would estimate the fair value of our tradename using an income, discounted cash flows, or market approach, as appropriate, that would require management assumptions (i.e., unobservable inputs). If the carrying amount of our tradename exceeds the tradename's fair value, an impairment loss is recognized in an amount equal to that excess. No asset impairment charges were recorded during fiscal 2023, 2022, or 2021, as it relates to indefinite-lived intangible assets. See Note 7 of the consolidated financial statements for further details of our assessments of impairment, conclusions reached, and the performance of our quantitative test relating to our indefinite-live intangible asset (i.e. tradename). Income Taxes Deferred Income Taxes – Overall Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the financial statement carrying amounts and the tax basis of our assets, liabilities, U.S. loss carryforwards, and foreign income tax credits at income tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred income taxes of a change in tax rates is recognized in income tax (expense) benefit in the period that includes the enactment date. Deferred Income Taxes – Valuation Allowance We evaluate our deferred income taxes 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 we operate in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. We are required to record a deferred tax liability for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. 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 tax liability will only be required 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. Uncertain Income Tax Positions We recognize an income tax benefit for a tax position taken or expected to be taken on an income tax return if the more-likely-than-not recognition threshold is met by the end of the reporting period, or is effectively settled through examination, litigation, or negotiation, or if the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. The income tax effect recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Penalties and interest related to uncertain income tax positions are recorded as income tax expense. Significant judgment is required in the identification of uncertain income tax positions and in the estimation of penalties and interest on uncertain income tax positions. Revenue from Contracts with Customers Revenue Recognition Revenue is recognized upon the transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services.We determined that our customer purchase orders represent contracts. In addition to customer purchase orders, we also have supply contracts with certain customers that define standard terms and conditions. Our contracts generally include promises to sell upholstery fabrics, mattress fabrics, or home goods products. In addition, we provide fabrication and installation services for our own products associated with customized window treatments. Revenue associated with sales of our products is recognized at the point in time when control of the promised goods has been transferred to the customer. The point in time when control transfers to the customer depends on the contractually agreed upon shipping terms, but typically occurs once the product has been shipped or once it has been delivered to a location specified by the customer. For certain warehousing arrangements, transfer of control to the customer is deemed to have occurred when the customer pulls the inventory for use in their production. Revenue associated with our customized fabrication services, which are performed on various types of window treatments, is recognized over time once the customized products are deemed to have no alternative use and for which we have an enforceable right to payment for the services performed. Revenue for our customized fabrication services is recognized over time using the output method based on units produced. Revenue associated with our installation services for our own products is also recognized over time as the customer receives and consumes the benefits of the promised installation services. Revenue associated with our installation services is recognized over time using the output method based on units installed. Transaction Price The transaction price is typically allocated to performance obligations based upon stand-alone selling prices. We did not disclose the value of unsatisfied performance obligations as substantially all of any unsatisfied performance obligations as of April 30, 2023, will be satisfied within one year or less. Revenue Measurement Revenue is measured as the amount of consideration we expect to receive in exchange for the transfer of the promised products and services. The amount of consideration we expect to receive changes due to variable consideration associated with allowances for sales returns, early payment discounts, and volume rebates that we offer to customers. The amount of variable consideration included in the transaction price is only included in net sales to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur in a future period. Our mattress fabrics and upholstery fabrics segments only allow product returns to the extent that the products or services did not meet the contractually agreed upon specifications at the time of sale. Customers must receive authorization prior to returning products. Estimates of allowances for sales returns are based on historical data, current potential product return issues, and known sales returns for which customers have been granted authorization. Known sales returns for which customers have been granted permission to return products for a refund or credit continue to be recorded as a contra account receivable. Estimates for potential future sales returns and related customer accommodations are recorded within accrued expenses. We record estimates for sales returns on a gross basis rather than a net basis, and an estimate for a right of return asset is recorded in other current assets and cost of goods sold. Variable consideration associated with early payment cash discounts are estimated using current payment trends and historical data on a customer-by-customer basis. The variable consideration associated with volume rebates is based on the portion of the rebate earned relative to the total amount of rebates the customer is expected to earn over the rebate period, as determined using historical data and projections. We evaluated the nature of our warranties related to our contracts with customers and determined that any such warranties are assurance-type warranties that cover only compliance with agreed upon specifications, and therefore are not considered separate performance obligations. Shipping and Handling Costs Revenue received for shipping and handling costs, which is immaterial for all periods presented, is included in net sales. Shipping costs, principally freight, that comprise payments to third-party shippers are classified as cost of sales. Handling costs represent finished goods warehousing costs incurred to store, move, and prepare products for shipment in the company’s various distribution facilities. Handling costs were $ 4.2 million, $ 4.3 million, and $ 3.9 million during fiscal 2023, 2022, and 2021, respectively, and are included in selling, general and administrative expenses. Sales and Other Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and, as such, are excluded from revenues. Leases We lease manufacturing facilities, office space, distribution centers, and equipment under operating lease arrangements. We determine if an arrangement is a lease at its inception if it conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Operating leases with an initial term of 12 months or less are not recognized in our Consolidated Balance Sheets. We account for lease components separately from non-lease components. We recognize a right of use asset and lease liability on the commencement date of a lease arrangement based on the present value of lease payments over the lease term. A lease term may include renewal options if it is reasonably certain that the option to renew a lease period will be exercised. A renewal option is considered reasonably certain to be exercised if there is a significant economic incentive to exercise the renewal option on the date a lease arrangement is commenced. For our leases, an estimated incremental borrowing rate (“IBR”) is utilized, based on information available at the inception of the lease. The IBR represents an estimate of the interest rate we would use at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease. Stock-Based Compensation Our equity incentive plans are described more fully in Note 13 to the notes to the consolidated financial statements. ASC Topic 718, “Compensation – Stock Compensation ”, requires that all stock-based compensation be recognized as compensation expense in the financial statements and that such cost be measured at the grant date for awards issued to employees and the company’s board of directors. Compensation expense for time-vested restricted stock unit awards is amortized on a straight-line basis over the respective vesting period. Compensation expense for performance-based restricted stock unit awards 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 common stock shares are expected to be earned as of the end of the vesting period. If certain performance targets are not expected to be achieved, compensation expense will not be recorded, and any previously recognized compensation expense will be reversed. Fair Value of Financial Instruments The accompanying consolidated financial statements include certain financial instruments, and the fair market value of such instruments may differ from amounts reflected on a historical basis. These financial instruments include our short-term and long-term investments related to a rabbi trust that sets aside funds for participants in our deferred compensation plan and are classified as available-for-sale. The fair value measurements of our financial instruments are described more fully in Note 14 of the consolidated financial statements. The carrying amount of cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses approximate their fair value because of the short maturity of these financial instruments. Recently Adopted Accounting Pronouncements There were not any recently adopted accounting pronouncements affecting our consolidated financial statements during fiscal 2023. Recently Issued Accounting Pronouncements Currently, there are no new accounting pronouncements that are expected to have a material effect on our consolidated financial statements.

Business Combination Achieved i

Business Combination Achieved in Stages	12 Months Ended
	Apr. 30, 2023
Business Combinations [Abstract]
Business Combination Achieved in Stages	2. BUSINESS COMBINATION ACHIEVED IN STAGES Overview Effective January 1, 2017, Culp International Holdings, Ltd. (“Culp International”), a wholly-owned subsidiary of the company, entered into a joint venture agreement pursuant to which Culp International owned 50 % of CLASS International Holdings, Ltd. (“CIH). CIH produces cut and sewn mattress covers housed in two facilities totaling 120,000 square feet, located in a modern industrial park on the northeastern border of Haiti. Effective February 1, 2021 (sometimes referred to as the “acquisition date”), Culp International entered into a Share Purchase Agreement with its former joint venture partner pursuant to which Culp International acquired the remaining 50 % ownership interest in CIH. Prior to the acquisition of the remaining 50 % ownership interest in CIH, we accounted for our initial 50 % ownership interest in CIH as an unconsolidated joint venture under the equity method of accounting. In connection with the acquisition of the remaining 50% ownership interest in CIH, our consolidated financial statements now include all of the accounts of CIH, and any significant intercompany balances and transactions have been eliminated in consolidation. The consideration transferred for our now- 100 % ownership interest in connection with this acquisition totaled $ 2.7 million, of which $ 1.7 million represented the fair value of our previously held 50% ownership interest in CIH, and $ 954,000 represented the purchase price that was mostly paid at closing on February 1, 2021, for the remaining 50% ownership interest in CIH. We remeasured our previously held 50% ownership interest in CIH at its acquisition date fair value. As of the acquisition date, the fair value of our previously held 50% ownership interest totaling $ 1.7 million represented its carrying amount, and therefore, no gain or loss was recognized in earnings for the remeasurement of our previously held 50% ownership interest. Assets Acquired and Liabilities Assumed The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. (dollars in thousands) Fair Value Cash and cash equivalents $ 62 Accounts receivable 169 Inventory 31 Right of use assets 2,544 Equipment and leasehold improvements 846 Accounts payable ( 155 ) Fair value of identifiable assets acquired and liabilities assumed 3,497 Gain on bargain purchase ( 819 ) $ 2,678 Equipment and leasehold improvements are being depreciated on a straight-line basis over their remaining useful lives ranging from 1 to 10 years . Gain on Bargain Purchase Concurrent with our acquisition of the remaining 50% ownership interest in CIH, our former joint venture partner sold its mattress related business to a third party. Our acquisition of the remaining 50% ownership interest in CIH was undertaken due to this sale and the terms negotiated in connection therewith. As a result, the $ 3.5 million fair value of the identifiable assets acquired and liabilities assumed exceeded the consideration transferred of $ 2.7 million. Consequently, we (i) reassessed the recognition and measurement of the assets acquired, liabilities assumed, and our previously held ownership interest; (ii) gained an understanding of why there was a bargain purchase; and (iii) reviewed the rebate and supply agreements that were executed concurrent with the Share Purchase Agreement described below. As part of our review of the rebate and supply agreements, we verified that the terms of these agreements were consistent with fair market value terms and are considered separate transactions and not considered part of the business combination. Accordingly, this acquisition has been accounted for as a bargain purchase and, as a result, we recognized a gain of $ 819,000 , which was reported in the line-item “gain on bargain purchase” in the fiscal 2021 Consolidated Statement of Net Income. Separate Transactions Supply and Rebate Agreements In connection with the Share Purchase Agreement, we entered into supply and rebate agreements with an affiliated company of our former joint venture partner to secure plant capacity utilization and preserve sales channels of certain mattress fabric products. The supply and rebate agreements were effective as of the acquisition date and based on future sales orders consistent with current market conditions. The transactions associated with the supply and rebate agreements were accounted for in accordance with ASC Topic 606 Revenue from Contract with Customers. During fiscal 2023, 2022 and the period from February 1, 2021, through May 2, 2021, shipments pursuant to the supply agreement were $ 198,000 , $ 1.6 million and $ 379,000 , respectively. During fiscal 2023, there was no charge pursuant to the rebate agreement as the terms of the rebate agreement were not met. During fiscal 2022 and the period from February 1, 2021, through May 2, 2021, charges of $ 73,000 and $ 25,000 pursuant to the rebate agreement were included in net sales in the Consolidated Statement of Net (Loss) Income for the respective periods. Acquisition-Related Costs Acquisition-related costs totaling $ 30,000 were included in selling, general, and administrative expenses in the fiscal 2021 Consolidated Statement of Net Income. Other Actual revenue and net loss from the acquisition date of February 1, 2021, through May 2, 2021, included in our fiscal 2021 Consolidated Statement of Net Income totaled $ 379,000 and $( 2,000 ), respectively. (Unaudited) Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the fiscal year ending May 2, 2021, has been prepared as if this acquisition had occurred on April 29, 2019. (dollars in thousands, except per share data) May 2, Net Sales $ 300,995 Income from operations $ 12,138 Net income $ 2,430 Net income per share - basic $ 0.20 Net income per share - diluted $ 0.20 The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results. Equity Method of Accounting In accordance with the equity method of accounting, we reported our previous 50% proportionate share of net income of CIH as a separate line titled “income from investment in consolidated joint venture” in the accompanying Consolidated Statements of Net (Loss) Income. Our 50% proportionate share of the net income of the unconsolidated joint venture was $ 31,000 during fiscal 2021.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Apr. 30, 2023
Receivables [Abstract]
Accounts Receivable	3. ACCOUNTS RECEIVABLE A summary of accounts receivable follows: April 30, May 1, (dollars in thousands) 2023 2022 customers $ 25,244 $ 22,613 allowance for doubtful accounts ( 342 ) ( 292 ) allowance for cash discounts ( 96 ) ( 74 ) reserve for returns and allowances and discounts ( 28 ) ( 21 ) $ 24,778 $ 22,226 A summary of the activity in the allowance for doubtful accounts follows: (dollars in thousands) 2023 2022 2021 beginning balance $ ( 292 ) $ ( 591 ) $ ( 472 ) provision for bad debts ( 121 ) 74 ( 119 ) write-offs, net of recoveries 71 225 — ending balance $ ( 342 ) $ ( 292 ) $ ( 591 ) As of April 30, 2023, and May 1, 2022, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (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 $ 342,000 and $ 292,000 as of April 30, 2023, and May 1, 2022, respectively. A summary of the activity in the allowance for returns and allowances and discounts follows: (dollars in thousands) 2023 2022 2021 beginning balance $ ( 95 ) $ ( 138 ) $ ( 84 ) provision for returns and allowances and discounts ( 1,212 ) ( 1,386 ) ( 1,665 ) credits issued and discounts taken 1,183 1,429 1,611 ending balance $ ( 124 ) $ ( 95 ) $ ( 138 ) Bankruptcy Proceedings 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 the new owner is now conducting normal 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 a debtors-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 associated with outstanding accounts receivable for this customer and its affiliates, in connection with products sold prior to the bankruptcy filing, as we received payment in full regarding these invoices during the fourth quarter of fiscal 2023. As of April 30, 2023, based on information available at this time, we do not believe there is a risk of material credit loss associated with outstanding accounts receivable with this customer, as we are selling products based on credit terms, and we are being paid in the normal course of business.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Apr. 30, 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, 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. Significant Judgments See Note 1 of the consolidated financial statements for disclosure of our accounting policies regarding our significant judgments associated with revenue recognition, determining our transaction prices, and revenue measurement. Contract Assets & Liabilities Certain contracts relating to customized fabrication and installation services associated with Read require upfront customer deposits that result in a contract liability which is recorded on the Consolidated Balance Sheets as deferred revenue. If upfront deposits or prepayments are not required, customers may be granted terms which generally range from 15 - 60 days. Our terms are customary within the industries in which we operate and are not considered financing arrangements. During the fourth quarter of fiscal 2023, we entered into a contract with an upholstery fabrics customer that required the customer to pay us an upfront license fee payment totaling $ 250,000 to use a certain trademark for a period of three years commencing in fiscal 2024 and extending through fiscal 2026. There were no contract assets recognized as of April 30, 2023, or May 1, 2022. A summary of the activity of deferred revenue follows: (dollars in thousands) Fiscal 2023 Fiscal 2022 Fiscal 2021 Beginning Balance $ 520 $ 540 $ 502 Revenue recognized on contract liabilities ( 4,885 ) ( 3,434 ) ( 2,459 ) Payments received for services not yet rendered 5,557 3,414 2,497 Ending Balance $ 1,192 $ 520 $ 540 As of April 30, 2023, total deferred revenue of $ 1.2 million pertained to (i) upfront customer deposits associated with customized fabrication and installation services related to Read totaling $ 942,000 and (ii) an upfront license fee paid to us for the licensing of a certain trademark to be used by an upholstery fabrics customer totaling $ 250,000 . As of May 1, 2022, the entire deferred revenue amount of $ 520,000 represented upfront customer deposits associated with customized fabrication and installation services related to Read. Disaggregation of Revenue The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2023: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 110,995 $ 114,996 $ 225,991 Services transferred over time — 8,943 8,943 Total Net Sales $ 110,995 $ 123,939 $ 234,934 The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2022: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 152,159 $ 133,622 $ 285,781 Services transferred over time — 9,058 9,058 Total Net Sales $ 152,159 $ 142,680 $ 294,839 The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2021: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 157,671 $ 133,501 $ 291,172 Services transferred over time — 8,548 8,548 Total Net Sales $ 157,671 $ 142,049 $ 299,720

Inventories

Inventories	12 Months Ended
	Apr. 30, 2023
Inventory Disclosure [Abstract]
Inventories	5. INVENTORIES A summary of inventories follows: (dollars in thousands) April 30, May 1, raw materials $ 7,908 $ 13,477 work-in-process 2,602 4,237 finished goods 34,570 48,843 $ 45,080 $ 66,557 Substantial and Unusual Losses Resulting from Subsequent Measurement of Inventory We incurred non-cash inventory charges totaling $ 5.8 million during fiscal 2023, which represents a $ 2.9 million impairment charge associated with our mattress fabrics segment; a total of $ 2.8 million related to markdowns of inventory in both segments that were estimated based on our policy for aged inventory; and $ 98,000 for the loss on disposal and markdowns of inventory related to the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China (see Note 9 of the consolidated financial statements for further details). We incurred non-cash inventory charges of $ 1.9 million and $ 882,000 during fiscal 2022 and 2021, respectively, which represent markdowns of inventory in both segments that were based on our policy of aged inventory. 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 a gross margin of 15 % 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 on mattress products, which we believed 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 subsequently shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to a decline in consumer demand. Based on this evidence, as of October 30, 2022 (the end of our second quarter of fiscal 2023), management conducted a thorough review of our mattress fabrics inventory, and as a 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 estimates of product sales prices, customer demand trends, and its plans to transition to new products. As of January 29, 2023 (the end of our third quarter of fiscal 2023), and April 30, 2023 (the end of fiscal 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 and fourth quarters of fiscal 2023. Based on current unfavorable macroeconomic conditions, it is possible that estimates used by management to determine the write down of inventory to its net realizable value could be materially different from its actual value or our ultimate 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.

Property, Plant, and Equipment

Property, Plant, and Equipment	12 Months Ended
	Apr. 30, 2023
Property Plant And Equipment [Abstract]
Property, Plant, and Equipment	6. PROPERTY, PLANT, AND EQUIPMENT A summary of property, plant, and equipment follows: (dollars in thousands) depreciable lives April 30, May 1, land and improvements 0 - 10 $ 947 $ 947 buildings and improvements 7 - 40 30,411 31,628 leasehold improvements ** 2,368 3,474 machinery and equipment 3 - 15 68,070 67,827 data processing equipment and software 3 - 7 8,241 8,706 office furniture and equipment 3 - 10 1,443 1,643 capital projects in progress 455 613 111,935 114,838 accumulated depreciation ( 75,824 ) ( 73,136 ) $ 36,111 $ 41,702 ** Shorter of life of lease or useful life.

Intangible Assets

Intangible Assets	12 Months Ended
	Apr. 30, 2023
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	7. INTANGIBLE ASSETS A summary of intangible assets follows: (dollars in thousands) April 30, May 1, Tradename $ 540 $ 540 Customer relationships, net 1,335 1,636 Non-compete agreement, net 377 452 $ 2,252 $ 2,628 Tradename Our tradename pertains to Read, a separate reporting unit within our 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. Accordingly, we performed an annual assessment of Read's tradename as of April 30, 2023. First, we performed a qualitative assessment to determine if any impairment indicators existed. Based on this assessment we concluded that indicators of impairment did exist, such as unfavorable financial performance in that we have incurred net operating losses during the last two fiscal years, which stem from (i) tight labor supply and wage inflation; (ii) processing and pricing inefficiencies associated with customization and installation services; (iii) an unfavorable mix of small scale and larger scale projects; and (iv) changes in management and key personnel. Consequently, we conducted a quantitative impairment test to determine the fair value of Read's tradename by calculating Read's future discounted cash flows based on management's assumptions that involve unobservable inputs such as (i) discount rate, (ii) future growth rates, (iii) changes in working capital, and (iv) effect of strategic actions to be performed by management to address recent operating inefficiencies. Based on the results of our quantitative impairment test, the fair value of Read's tradename exceeded its carrying amount, and therfore, no impairment was noted as of April 30, 2023. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: (dollars in thousands) 2023 2022 2021 beginning balance $ 1,636 $ 1,937 $ 2,238 amortization expense ( 301 ) ( 301 ) ( 301 ) ending balance 1,335 1,636 1,937 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 April 30, 2023, and May 1, 2022. Accumulated amortization for these customer relationships was $ 1.8 million and $ 1.5 million as of April 30, 2023, and May 1, 2022, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2024 - $ 301,000 ; FY 2025 - $ 301,000 ; FY 2026 - $ 301,000 ; FY 2027 - $ 278,000 ; FY 2028 - $ 52,000 ; and thereafter - $ 102,000 . The weighted average amortization period for our customer relationships is 4.8 years as of April 30, 2023. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: (dollars in thousands) 2023 2022 2021 beginning balance $ 452 $ 527 $ 602 amortization expense ( 75 ) ( 75 ) ( 75 ) ending balance $ 377 $ 452 527 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 this non-compete agreement was $ 2.0 million as of April 30, 2023, and May 1, 2022. Accumulated amortization for this non-compete agreement was $ 1.6 million as of April 30, 2023, and May 1, 2022. The remaining amortization expense for the next five years and thereafter follows: FY 2024 - $ 76,000 ; FY 2025 - $ 76,000 ; FY 2026 - $ 76,000 ; FY 2027 - $ 76,000 ; and FY 2028 - $ 73,000 . The weighted average amortization period for the non-compete agreement is 5.0 years as of April 30, 2023. Impairment - Mattress Fabrics Segment As of October 30, 2022 (the end of our second quarter of fiscal 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 "Mattress Asset Group"), for impairment, as events and changes in circumstances occurred that indicated the carrying amount of the Mattress Asset Group may not be recoverable. 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 ( 23.1 %) during the second quarter of 2023, compared with gross margin of 15.0 % during 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 on mattress products, which we believed 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 subsequently shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to a decline in consumer demand. Based on the above evidence, we were required to determine the recoverability of the Mattress Asset Group, which was classified as held and used, by comparing the carrying amount of the Mattress 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 undiscounted cash flows, an impairment charge is recognized for the excess of the carrying amount over the sum of the future undiscounted cash flows of the asset group. As of October 30, 2022, the carrying amount of the Mattress Asset Group totaled $ 38.8 million, which related to property, plant, and equipment of $ 35.9 million, right of use assets of $ 2.1 million, a non-compete agreement of $ 414,000 , and customer relationships of $ 383,000 . The total carrying amount of the Mattress Asset Group did not exceed the sum of its future undiscounted cash flows from its use and eventual disposition. As a result, we determined no impairment associated with the Mattress Asset Group existed as of October 30, 2022. Since the end of the second quarter on October 30, 2022, and through the end of fiscal 2023, our mattress fabrics segment remained unprofitable, as it incurred operating losses totaling $( 4.2 ) million and $( 2.5 ) million during the third quarter and fourth quarter of fiscal 2023, respectively. As of April 30, 2023, the carrying amount of the Mattress Asset Group totaled $ 36.8 million, which represents property, plant, and equipment of $ 33.7 million, right use assets of $ 2.3 million, a non-compete agreement of $ 377,000 , and customer relationships of $ 358,000 . The total carrying amount of the Mattress Asset Group did not exceed the sum of its future undiscounted cash flows from its use and eventual disposition. As result, we maintain our position that no impairment associated with the Mattress Asset Group existed as of April 30, 2023. Impairment - Read As of April 30, 2023, management reviewed the long-lived assets associated with Read, a separate reporting unit within our upholstery fabrics segment. Read's long-lived assets consist of property, plant, and equipment, a right of use asset, and finite-lived intangible assets (collectively known as "Read's Asset Group"). Read's Asset Group was reviewed for impairment because events and changes in circumstances occurred that indicated the carrying amount of the Read's Asset Group may not be recoverable. As a result, we performed a qualitative assessment to determine if any impairment indicators existed. Based on this assessment we concluded that indicators of impairment did exist, such as unfavorable financial performance in that we have incurred net operating losses during the last two fiscal years, which stem from (i) tight labor supply and wage inflation, (ii) processing and pricing inefficiencies associated with customization and installation services, (iii) an unfavorable mix of small scale and larger scale projects; and (iv) changes in management and key personnel. Based on the above evidence, we were required to determine the recoverability of Read's Asset Group, which was classified as held and used, by comparing the carrying amount of Read's 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 undiscounted cash flows, an impairment charge is recognized for the excess of the carrying amount over the sum of the future undiscounted cash flows of the asset group. As of April 30, 2023, the carrying amount of Read's Asset Group totaled $ 1.5 million, which represents customer relationships of $ 978,000 , property, plant, and equipment of $ 329,000 , and a right of use asset of $ 215,000 . The total carrying amount of Read's Asset Group did not exceed the sum of its future undiscounted cash flows from its use and eventual disposition. As a result, we determined no impairment associated with Read's Asset Group existed as of April 30, 2023.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Apr. 30, 2023
Text Block [Abstract]
Accrued Expenses	8. ACCRUED EXPENSES (dollars in thousands) April 30, May 1, compensation and related benefits $ 5,800 $ 4,248 other 2,733 3,584 $ 8,533 $ 7,832

Upholstery Fabrics Segment Rest

Upholstery Fabrics Segment Restructuring Activities	12 Months Ended
	Apr. 30, 2023
Restructuring and Related Activities [Abstract]
Upholstery Fabrics Segment Restructuring Activities	9. UPHOLSTERY FABRICS SEGMENT RESTRUCTURING ACTIVITIES Second Quarter of Fiscal 2023 - China 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 declining consumer demand for cut and sew products, by adjusting our operating costs to better align with the lower demand. As a result of this strategic action, we recorded restructuring expense and restructuring related charges during fiscal 2023 totaling $ 713,000 , which represent represent (i) employee termination benefits of $ 468,000 , (ii) loss from the disposal and markdowns of inventory of $ 98,000 , (iii) an impairment loss associated with equipment of $ 80,000 , (iv) lease termination costs of $ 47,000 , (v) 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 fiscal 2023 Consolidated Statement of Net Loss. Third and Fourth Quarters of Fiscal 2023 - Haiti 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 upholstery kits has been 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 Ouanaminthe, Haiti, will not only produce 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. 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 was formally terminated when CUF Haiti vacated and returned possession of their right of use asset associated with the Original Lease to the lessor. After CUF Haiti vacated and returned possession of their right of use asset to the lessor, a third party (the "Lessee") took possession of CUF Haiti's right of use asset, and the Lessee agreed to pay CUF Haiti $ 2.4 million over a period commencing on April 1, 2023 and ending on 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 has been fully and unconditionally released and discharged from all of its remaining obligations under the Original Lease. In connection with the Termination Agreement, CUF Haiti's right of use asset was classified as held for sale and was presented separately as assets held for sale on the Consolidated Balance Sheet as of January 29, 2023 (i.e., the end of the third quarter of fiscal 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 14 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 its right of use asset, as it 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 of April 30, 2023, CUF Haiti's note receivable totaled $ 1.9 million, of which $ 219,000 and $ 1.7 million were classified as short-term and long-term, respectively. As a result of this strategic action, we recorded restructuring expense during fiscal 2023 totaling $ 781,000 . which represents (i) lease termination costs of $ 434,000 , (ii) an impairment loss related to leasehold improvements of $ 277,000 , (iii) employee termination benefits of $ 39,000 , and (iv) other associated costs of $ 31,000 . Overall The following summarizes our restructuring expense and related charges from both our restructuring activities noted above for fiscal 2023: (dollars in thousands) 2023 Employee termination benefits $ 507 Lease termination costs 481 Impairment loss - leasehold improvements and equipment 357 Loss on disposal and markdowns of inventory 98 Other associated costs 51 Restructuring expense and restructuring related charges (1) $ 1,494 (1) Of the total $ 1.5 million, $ 1.4 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the fiscal 2023 Consolidated Statement of Net Loss. The following summarizes the activity in accrued restructuring for fiscal 2023: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning of year balance $ — $ — $ — $ — Accrual established in fiscal 2023 507 47 — 554 Expenses incurred — — 51 51 Payments ( 507 ) ( 47 ) ( 51 ) ( 605 ) End of year balance $ — $ — $ — $ —

Lines of Credit

Lines of Credit	12 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Lines of Credit	10. 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 during the first three quarters of the company’s fiscal 2023, but during that period, the company was required to maintain minimum “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, all 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 did 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, 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. 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: 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. • $ 22.5 million; and • 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 points (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 matures 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 6.3 % as of April 30, 2023) calculated using the Applicable Margin over SOFR based on 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 2.40 % as of May 1, 2022) 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 April 30, 2023 and May 1, 2022. As of April 30, 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 April 30, 2023 and May 1, 2022, respectively. As of April 30, 2023, our available borrowings calculated under the provisions of the ABL Agreement totaled $ 26.8 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 ($ 5.8 million USD as of April 30, 2023). Interest charged under this agreement is based on an interest rate determined by the Chinese government at the time of borrowing. This agreement is set to expire on November 24, 2023 . There were no borrowings outstanding under this agreement as of April 30, 2023 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 April 30, 2023, we were in compliance with our financial covenants. Interest paid during fiscal years 2023, 2022, and 2021 was $ 8,000 , $ 10,000 , and $ 60,000 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	11. INCOME TAXES Income Tax Expense and Effective Income Tax Rate The entire amount of income tax expense of $ 3.1 million, $ 2.9 million, and $ 7.7 million during fiscal 2023, 2022, and 2021, respectively, was allocated to (loss) income from continuing operations. Income tax expense consists of: (dollars in thousands) 2023 2022 2021 current federal $ — — ( 17 ) state 1 2 3 foreign 3,053 2,156 4,151 uncertain income tax positions 78 37 ( 204 ) 3,132 2,195 3,933 deferred federal ( 1,591 ) 1,121 ( 1,933 ) state ( 66 ) 47 ( 80 ) 2017 Tax Cuts and Jobs Act — — ( 3,674 ) undistributed earnings – foreign subsidiaries 628 76 112 U.S. federal & state carryforwards and credits ( 5,162 ) ( 971 ) 451 uncertain income tax positions — ( 380 ) 380 foreign ( 629 ) 615 ( 22 ) valuation allowance 6,818 183 8,526 ( 2 ) 691 3,760 $ 3,130 2,886 7,693 (Loss) income before income taxes related to our foreign and U.S. operations consists of: (dollars in thousands) 2023 2022 2021 Foreign China $ 7,062 6,998 10,007 Canada 1,516 1,302 4,764 Haiti ( 3,483 ) ( 980 ) 817 Cayman Islands — — ( 5 ) Total Foreign 5,095 7,320 15,583 United States ( 33,485 ) ( 7,645 ) ( 4,703 ) $ ( 28,390 ) ( 325 ) 10,880 The following schedule summarizes the principal differences between the income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2023 2022 2021 U.S. federal income tax rate 21.0 % 21.0 % 21.0 % valuation allowance ( 24.0 ) ( 56.3 ) 78.4 income tax effects of the 2017 Tax Cuts and Jobs Act — — ( 33.8 ) global intangible low taxed income tax (GILTI) — ( 540.9 ) — foreign tax rate differential ( 4.0 ) ( 206.2 ) 10.9 income tax effects of Chinese foreign exchange gains and losses ( 0.9 ) ( 20.6 ) ( 8.4 ) withholding taxes associated with foreign tax jurisdictions ( 2.4 ) ( 172.8 ) 7.7 uncertain income tax positions ( 0.3 ) 105.4 1.6 U.S. state income taxes 0.6 21.5 0.3 stock-based compensation ( 0.3 ) ( 3.3 ) 0.3 gain on bargain purchase — — ( 1.6 ) other (3) ( 0.7 ) ( 35.8 ) ( 5.7 ) consolidated effective income tax rate (1) (2) ( 11.0 )% ( 888.0 )% 70.7 % (1) Our consolidated effective income tax rate during fiscal 2023 was much more negatively affected by the mix of earnings and losses between our U.S. operations and foreign subsidiaries, as compared with fiscal 2022 and 2021. During fiscal 2023, we incurred a significantly higher pre-tax loss from our U.S. operations totaling $( 33.5 ) million, compared with $( 7.6 ) million and $( 4.7 ) million for fiscal 2022 and 2021, respectively. 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 fiscal 2023, as compared with fiscal 2022 and 2021. In addition, almost all of our taxable income for each of fiscal 2023, 2022, and 2021 was earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S. (2) During fiscal 2023, we incurred a significantly higher consolidated pre-tax loss totaling $( 28.4 ) million, compared with a much lower consolidated pre-tax loss totaling $( 325,000 ) during fiscal 2022 and pre-tax income totaling $ 10.9 million during fiscal 2021. 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 for fiscal 2022 and 2021, compared with fiscal 2023. (3) “Other” for all periods presented represents miscellaneous adjustments that pertain to U.S. permanent differences such as meals and entertainment and income tax provision to return adjustments. Deferred Income Taxes - Overall The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following: (dollars in thousands) 2023 2022 deferred tax assets: accounts receivable $ 297 227 inventories 3,277 2,020 compensation 2,676 2,437 liabilities and other 5 28 intangible assets and goodwill 395 536 property, plant, and equipment (1) 179 199 operating lease liability 781 1,297 foreign income tax credits - U.S. 783 783 loss carryforwards – U.S. 13,564 8,373 valuation allowance - U.S. ( 18,675 ) ( 11,857 ) total deferred tax assets 3,282 4,043 deferred tax liabilities: undistributed earnings on foreign subsidiaries ( 4,213 ) ( 3,586 ) property, plant and equipment (2) ( 3,450 ) ( 4,292 ) right of use assets ( 964 ) ( 1,520 ) other ( 129 ) ( 121 ) total deferred tax liabilities ( 8,756 ) ( 9,519 ) Net deferred liabilities $ ( 5,474 ) ( 5,476 ) (1) Pertains to the company’s operations located in China. (2) Pertains to the company’s operations located in the U.S. and Canada. As of April 30, 2023, our U.S. federal net operating loss carryforwards totaled $ 48.2 million, with related future income tax benefits of $ 10.1 million. In accordance with the 2017 Tax Cuts and Jobs Act (“TCJA”), U.S. federal net operating loss carryforwards generated in fiscal 2019 and after do not expire. As of April 30, 2023, all our unused U.S. federal net operating loss carryforwards were generated during fiscal 2019 and after, and therefore, do not expire in accordance with the TCJA. As of April 30, 2023, our U.S. state net operating loss carryforwards totaled $ 27.2 million, with related future income tax benefits of $ 1.0 million. Our U.S. state net operating loss carryforwards totaling $ 27.2 million have expiration dates ranging from fiscal years 2024 through 2044 . Our U.S. foreign income tax credits of $ 783,000 have expiration dates ranging from fiscal years 2026 through 2028 , which represent 10 years from when the associated earnings and profits from our foreign subsidiaries were repatriated to the U.S. GILTI Fiscal 2021 Effective July 20, 2020, the U.S. Treasury Department finalized and enacted previously proposed regulations regarding the GILTI tax provisions of the TCJA. With the enactment of these final regulations, we became eligible for an exclusion from GILTI if we meet the provisions for the GILTI High-Tax exception included in these final regulations on a jurisdiction-by-jurisdiction basis. To meet the provisions of the GILTI High-Tax exception, the tested foreign entity’s effective income tax rate related to current year’s earnings must be higher than 90 % of the U.S. federal income tax rate of 21 % (i.e., 18.9 %). In addition, the enactment of the new regulations and the provisions for the GILTI High-Tax exception were retroactive to the original enactment of the GILTI tax provision, which included our 2019 and 2020 fiscal years. Since we met the requirements for the GILTI High-Tax exception for our 2019 and 2020 fiscal years, we recorded a non-cash income tax benefit of $ 3.6 million resulting from the re-establishment of certain U.S. federal net operating loss carryforwards. The $ 3.6 million income tax benefit was recorded as a discrete event in which its full income tax effects were recorded during the first quarter of fiscal 2021. Fiscal 2022 We did not meet the GILTI High-Tax exception for the 2021 tax year regarding our foreign operations located in China. This was due primarily to significant income tax deductible foreign exchange losses that significantly lowered income tax expense associated with the current year’s earnings. As a result, the current effective income tax rate was lower than the required 18.9 % current effective income tax rate to meet the GILTI High-Tax exception. Consequently, we incurred a non-cash income tax charge of $ 1.8 million, which charge was fully offset by a $ 1.8 million non-cash income tax benefit due to a corresponding reversal of our full valuation allowance associated with our U.S. net deferred income tax assets. We did not meet the GILTI High-Tax exception for the 2022 tax year regarding our operations located in Canada and Haiti. With regards to Canada, we placed several significant capital projects into service during fiscal 2022, and therefore, were eligible for a significant amount of deductible accelerated depreciation. As a result, our current year's income tax expense was much lower than prior fiscal years, and therefore, our current effective income tax rate was lower than the required 18.9 % current effective income tax rate to meet the GILTI High-Tax exception. For our operations located in Haiti, taxable income or losses are not subject to income tax, as we are located in an economic zone that permits a 0 % income tax rate for the first fifteen years of operations, for which we have nine years remaining. Since our operations located in Haiti are not subject to income tax, our current effective tax rate was 0 %, which is lower than the required 18.9 % current effective income tax rate to meet the GILTI High-Tax exception. Although our operations located in Canada and Haiti did not meet the GILTI High-Tax exception, we incurred a nominal amount of GILTI tax for the 2022 tax year, as the losses subject to GILTI tax from our Haitian operations mostly offset the income subject to GILTI tax from our Canadian operation. Fiscal 2023 We do not expect to pay GILTI tax for the 2023 tax year, as we expect to meet the GILTI High-Tax exception regarding our operations located in China and Canada, and we incurred taxable losses associated with our operations located in Haiti. Deferred Income Taxes – Valuation Allowance Assessment We evaluate the realizability of our deferred income taxes 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 a result of the U.S. tax law change relating to the GILTI tax provisions of the TCJA, we assessed the need for an additional valuation allowance against our U.S. net deferred income assets as of the end of the first quarter of fiscal 2021. GILTI represented a significant source of our U.S. taxable income during fiscal 2019 and 2020 that offset our U.S. pre-tax losses during such years, and which offset was reversed because of the retroactivity of the new GILTI regulations. Consequently, due to the retroactivity of the new regulations, we experienced a recent history of cumulative U.S. pre-tax losses during the last two fiscal years, and we expected at the time of this assessment that our history of U.S. pre-tax losses would continue into fiscal 2021. As a result of the significant weight of this negative evidence, we believed it was more-likely-than-not that our U.S. deferred income tax assets would not be fully realizable. Accordingly, we recorded a non-cash income tax charge of $ 7.0 million to provide for a full valuation allowance against our U.S. net deferred income tax assets. This $ 7.0 million income tax charge was recorded as a discrete event in which its full income tax effects were recorded during the first quarter of fiscal 2021. As of April 30, 2023, we evaluated the realizability of our U.S. net deferred income tax assets to determine if a full valuation allowance was still required. Based on our assessment, we determined we still have a recent history of significant cumulative U.S. pre-tax losses, in that we experienced U.S. pre-tax losses during each of the last three fiscal years. In addition, we are currently expecting U.S. pre-tax losses to continue into fiscal 2024. As a result of the significant weight of this negative evidence, we believe it is more-likely-than-not that our U.S net 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 April 30, 2023, and May 1, 2022, valuation allowances against our U.S. net deferred income tax assets pertain to the following: (dollars in thousands) April 30, May 1, U.S. federal and state net deferred income tax assets $ 16,345 $ 9,527 U.S. capital loss carryforward 2,330 2,330 $ 18,675 $ 11,857 A summary of the change in the valuation allowances against our U.S. net deferred income tax assets follows: (dollars in thousands) 2023 2022 2021 beginning balance $ 11,857 11,674 3,148 change in judgement of beginning of year U.S. valuation allowance (1) — — 6,964 change in valuation allowance associated with current year earnings 7,252 1,640 1,004 change in estimate during current year (2) ( 434 ) ( 1,457 ) 558 ending balance $ 18,675 11,857 11,674 (1) Refer to the above "Assessment" subsection within the section titled Deferred Income Taxes – Valuation Allowance for further details regarding our assessment and conclusions reached for providing a full valuation allowance against our U.S net deferred income tax assets during the first quarter of fiscal 2021. (2) Amounts represent changes in our U.S. net deferred income tax asset balances during the current year that pertain to (i) income tax provision to return adjustments, (ii) changes in estimates of our U.S. effective income tax rate that pertain to U.S. state income tax rates and apportionment percentages, (iii) recognition of an uncertain income tax position due to the expiration of statute of limitations, (iv) expiration of certain U.S. state loss carryforwards, and (v) other immaterial items. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries 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 our foreign subsidiaries that will not be reinvested indefinitely. As of April 30, 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 be eventually distributed to our U.S. parent company. The conclusion reached from this assessment has been consistent with prior years. As a result of the TCJA, 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, we recorded a deferred income tax liability of $ 4.2 million and $ 3.6 million as of April 30, 2023, and May 1, 2022, respectively. Uncertainty in Income Taxes 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, negotiation, or litigation, or if 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. The following table sets forth the change in the company’s unrecognized income tax benefit: (dollars in thousands) 2023 2022 2021 beginning balance $ 1,101 1,444 1,269 increases from prior period tax positions 175 114 249 decreases from prior period tax positions ( 97 ) ( 77 ) ( 74 ) lapse of applicable statute of limitations — ( 380 ) — ending balance $ 1,179 1,101 1,444 As of April 30, 2023, we had $ 1.2 million of total gross unrecognized tax benefits, 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 $ 1.1 million of total gross unrecognized tax benefits, of which the entire amount was classified as income taxes payable - long-term in the accompanying Consolidated Balance Sheets. These unrecognized income tax benefits would favorably affect income tax expense in future periods by $ 1.2 million and $ 1.1 million as of April 30, 2023, and May 1, 2022, respectively. We elected to classify interest and penalties as part of income tax expense. As of April 30, 2023, and May 1, 2022, the gross amount of interest and penalties due to unrecognized tax benefits was $ 239,000 and $ 185,000 , respectively. Our gross unrecognized income tax benefit of $ 1.2 million as of April 30, 2023, relates to income tax positions for which significant change is currently not expected within the next year. This amount primarily relates to double taxation under applicable income tax treaties with foreign tax jurisdictions. United States federal and state income tax returns filed by us remain subject to examination for income tax years 2019 and subsequent. Canadian federal income tax returns filed by us remain subject to examination for income tax years 2019 and subsequent. Canadian provincial (Quebec) income tax returns filed by us remain subject to examination for income tax years 2019 and subsequent. Income tax returns associated with our operations located in China are subject to examination for income tax year 2018 and subsequent. Income Taxes Paid The following table sets forth income taxes paid (refunded) by jurisdiction: (dollars in thousands) 2023 2022 2021 United States federal - Alternative Minimum Tax $ — $ — $ ( 1,510 ) United States federal - Transition Tax 265 266 226 China - Income Taxes 1,831 2,036 2,076 China - Withholding Taxes Associated with Earnings — 487 798 Canada - Income Taxes 228 311 1,408 $ 2,324 $ 3,100 $ 2,998 (1) In accordance with the provisions of the TCJA, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable. We received refunds totaling $ 1.5 million in two separate installments totaling $ 746,000 and $ 764,000 during the first and second quarters of fiscal 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Apr. 30, 2023
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES Leases Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of April 30, 2023, and May 1, 2022, are as follows: (dollars in thousands) April 30, May 1, Right of use assets $ 8,191 $ 15,577 Operating lease liability - current 2,640 3,219 Operating lease liability – noncurrent 3,612 7,062 Supplemental Cash Flow Information (dollars in thousands) 2023 2022 2021 Operating lease liability payments $ 2,497 $ 2,954 $ 2,634 Right of use assets exchanged for lease liabilities 731 3,762 8,014 Operating lease costs were $ 3.6 million, $ 3.9 million, and $ 2.9 million during fiscal 2023, 2022, and 2021, respectively. Short-term lease costs were $ 44,000 , $ 68,000 , and $ 55,000 during fiscal 2023, 2022, and 2021, respectively. Variable lease expense was immaterial for each of fiscal 2023, 2022, and 2021. As of April 30, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 3.87 years Weighted average discount rate 3.58 % As of May 1, 2022, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 3.29 years Weighted average discount rate 1.77 % Other Information Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows: (dollars in thousands) Amount 2024 $ 2,698 2025 1,890 2026 603 2027 343 2028 225 Thereafter 804 6,563 Less: interest ( 311 ) Present value of lease liabilities $ 6,252 Related Party Lease – Mattress Fabrics Segment On March 23, 2023, we terminated an agreement with a partnership owned by an immediate family member of an officer of the company, pursuant to which we leased a 63,522 square foot facility for our domestic mattress cover operation. Prior to the termination of the lease agreement, rent payments totaled $ 123,000 , $ 148,000 , and $ 151,000 in fiscal 2023, 2022, and 2021, respectively. In accordance with the termination of the lease agreement, we were reimbursed $ 67,000 for leasehold improvements we made to the leased property. Litigation The company is involved in legal proceedings and claims which have arisen in the ordinary course of business. Management has determined that these actions, when ultimately concluded and settled, will not have a material adverse effect on our financial position, results of operations, or cash flows. Accounts Payable – Capital Expenditures As of April 30, 2023, and May 1, 2022, we had total amounts due regarding capital expenditures totaling $ 56,000 and $ 473,000 , respectively, which pertained to outstanding vendor invoices, none of which were financed. Purchase Commitments - Capital Expenditures As of April 30, 2023, we had open purchase commitments to acquire equipment for our U.S. and Canadian mattress fabrics operations totaling $ 629,000 .

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Apr. 30, 2023
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	13. 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 April 30, 2023, there were 224,266 shares available for future equity-based grants under the company’s 2015 Plan. Time-Based Restricted Stock Awards The following table summarizes the time-based restricted stock unit activity during fiscal years 2023, 2022, and 2021: 2023 2022 2021 Shares Shares Shares outstanding at beginning of year 210,284 174,295 44,399 granted 119,687 37,991 129,896 vested (1) ( 32,799 ) — — forfeited ( 11,346 ) ( 2,002 ) — outstanding at end of year 285,826 210,284 174,295 (1) During fiscal 2023, time-based restricted stock units totaling 32,799 vested at a fair value of $ 167,000 , or $ 5.10 per share. The following table summarizes information related to our grants of time-based restricted stock unit awards associated with certain senior executives and key members of management during fiscal years 2023, 2022, and 2021: (1) Restricted Price Vesting Date of Grant Stock Awarded Per Share Period September 6, 2022 37,671 $ 4.58 1 to 3 years August 10, 2022 82,016 $ 5.06 3 years July 22, 2021 37,991 $ 14.75 3 years August 6, 2020 129,896 $ 11.01 3 years (1) Price per share represents closing price of our common stock on the date the respective award was granted. Overall We recorded compensation expense of $ 808,000 , $ 893,000 , and $ 614,000 within selling, general, and administrative expense for time-based restricted stock units in fiscal 2023, 2022, and 2021, respectively. As of April 30, 2023, the remaining unrecognized compensation cost related to our time-based restricted stock units was $ 759,000 , which is expected to be recognized over a weighted average vesting period of 1.5 years. As of April 30, 2023, our time-based restricted stock unit awards that were expected to vest had a fair value totaling $ 1.6 million. 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 the 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 certain senior executives and key employees that were unvested as of April 30, 2023: (4) (3) Restricted Restricted Stock Stock Units Stock Units Expected to Price Per Vesting Date of Grant Awarded Vest Share 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 certain 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 award agreements. (4) Compensation cost is 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. These amounts represent the number of shares that are expected to vest as of April 30, 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 certain 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 fiscal 2023, 2022, and 2021: (3) (4) Common Weighted Weighted Stock Shares Average Average Price Fiscal Year 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 Fiscal 2021 (1) 3,277 $ 33 $ 9.96 Fiscal 2021 (2) 3,710 $ 37 $ 9.96 (1) Performance-based restricted stock units vested for senior executives. (2) Performance-based restricted stock units vested for key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing prices of our common stock on the dates the respective performance-based restricted stock units vested. We recorded a charge (credit) to compensation expense totaling $ 2,000 , $( 81,000 ), and $ 357,000 within selling, general, and administrative expense associated with our performance-based restricted stock units for fiscal years 2023, 2022, and 2021, respectively. Common Stock Awards The following table summarizes information related to our grants of common stock to our outside directors during fiscal 2023, 2022, and 2021: Common (1) Stock Price Per Vesting Date of Grant Awarded Share Period April 3, 2023 - Fiscal 2023 15,832 $ 5.29 Immediate January 3, 2023 - Fiscal 2023 17,819 $ 4.70 Immediate October 3, 2022 - Fiscal 2023 18,326 $ 4.57 Immediate July 1, 2022 - Fiscal 2023 19,753 $ 4.24 Immediate April 1, 2022 - Fiscal 2022 10,562 $ 7.93 Immediate January 3, 2022 - Fiscal 2022 8,357 $ 10.02 Immediate October 1, 2021 - Fiscal 2022 6,426 $ 13.03 Immediate July 1, 2021 - Fiscal 2022 4,312 $ 16.24 Immediate April 1, 2021 - Fiscal 2021 4,467 $ 15.67 Immediate January 4, 2021 - Fiscal 2021 4,563 $ 15.34 Immediate October 1, 2020 - Fiscal 2021 5,193 $ 13.48 Immediate July 1, 2020 - Fiscal 2021 7,000 $ 10.00 Immediate (1) Price per share represents closing price of our common stock on the date of grant. We recorded $ 335,000 , $ 321,000 , and $ 280,000 of compensation expense within selling, general, and administrative expense for these common stock awards for fiscal 2023, 2022, and 2021, respectively.

Fair Value

Fair Value	12 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value	14. 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 a range of 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 and liabilities measured at fair value on a recurring basis: Fair value measurements as of April 30, 2023, using: Quoted Significant Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 7,649 N/A N/A $ 7,649 Growth Allocation Mutual Funds 528 N/A N/A 528 Moderate Allocation Mutual Fund 86 N/A N/A 86 Other 208 N/A N/A 208 Fair value measurements as of May 1, 2022, using: Quoted Significant Significant (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 Nonrecurring Basis Third and Fourth Quarters of Fiscal 2023 We classified a right of use asset associated with a leased facility as held for sale in the Consolidated Balance Sheet as of January 29, 2023 (i.e., the end of the third quarter of fiscal 2023), 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 9 of the consolidated financial statements). This right of use asset classified as held for sale was recorded at its fair value of $ 2.0 million, which represented 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 Termination Agreement (which is described more fully in Note 9 of the consolidated financial statements). The interest rate used to determine the present value of the future discounted cash flows was based on significant unobservable inputs based on 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 being denominated in USD, and (iv) the fact that the right of use asset was 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 was classified as level 3 within the fair value hierarchy defined above. During the fourth quarter of fiscal 2023, the right of use asset mentioned above was vacated and possession was returned to the Lessor, and the Lessee took possession of this right of use asset as described more fully in Note 9 of the consolidated financial statements. As a result, the right of use asset classified as held for sale as of January 29, 2023, 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 of April 30, 2023, this note receivable totaled $ 1.9 million, of which $ 219,000 and $ 1.7 million were classified as short-term and long-term, respectively. Fourth Quarter of Fiscal 2021 We had assets and liabilities that were required to be measured at fair value on a nonrecurring basis that pertained to assets acquired and certain liabilities that were assumed in connection with the CIH business combination effective February 1, 2021. See Note 2 of the consolidated financial statements for further details regarding this business combination. Fair value measurements on February 1, 2021, using: Quoted Prices Significant Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Right of use assets N/A $ 2,544 N/A $ 2,544 Equipment and leasehold improvements N/A N/A $ 846 $ 846 Inventory N/A N/A $ 31 $ 31 The fair values of the right of use assets were based on our analysis of a recent appraisal of the annual lease rates per square foot for industrial buildings that are similar in nature and within the same locale. We believe the annual lease rates per square foot presented in our recent appraisal represent significant observable inputs, and therefore these right of use assets were classified as level 2. Additionally, in connection with the CIH business combination effective February 1, 2021, we acquired cash, accounts receivable, and certain other current assets, and we assumed accounts payable. Based on the nature of these items and their short-term maturity, the carrying amounts of these items approximated their fair values. See Note 2 of the consolidated financial statements for the final allocation of the acquisition cost to assets acquired and liabilities assumed based on their fair values.

Net (Loss) Income Per Share

Net (Loss) Income Per Share	12 Months Ended
	Apr. 30, 2023
Earnings Per Share [Abstract]
Net (Loss) Income Per Share	15. 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: (in thousands) 2023 2022 2021 weighted-average common shares outstanding, basic 12,283 12,242 12,300 dilutive effect of stock-based compensation — — 22 weighted-average common shares outstanding, diluted 12,283 12,242 12,322 Shares of unvested common stock that were not included in the computation of diluted net (loss) income per share consist of the following: (in thousands) 2023 2022 2021 antidilutive effect from decrease in the price per share of our common stock 25 18 2 antidilutive effect from net loss incurred during the fiscal year 88 86 — total unvested shares of common stock not included in 113 104 2

Benefit Plans

Benefit Plans	12 Months Ended
	Apr. 30, 2023
Postemployment Benefits [Abstract]
Benefit Plans	16. BENEFIT PLANS Defined Contribution Plans We have defined contribution plans that cover substantially all employees and allow participants to contribute on a pre-tax basis, along with matching contributions by the company for its U.S. and Canadian operations. Our contributions to these plans were $ 1.2 million, $ 1.3 million, and $ 1.2 million during fiscal years 2023, 2022, and 2021, respectively. Deferred Compensation Plan We have a nonqualified deferred compensation plan (the “Plan”) covering senior executives and certain key members of management. The Plan provides for participant deferrals on a pre-tax basis that are subject to annual deferral limits by the IRS and non-elective contributions made by the company. Participant deferrals and non-elective contributions made by the company are immediately vested. Our contributions to the Plan were $ 215,000 , $ 212,000 , and $ 143,000 in fiscal years 2023, 2022, and 2021, respectively. Our nonqualified deferred compensation plan liability was $ 8.2 million and $ 9.3 million as of April 30, 2023, and May 1, 2022, respectively. We have a rabbi trust (the “Trust”) to set aside funds for the participants of the Plan that allows the participants to direct their contributions to various investment options in the Plan. The investment options in the Plan consist of a money market fund and various mutual funds. The funds set aside in the Trust are subject to the claims of our general creditors in the event of the company’s insolvency, as defined in the Plan. The investment assets of the Trust are recorded at their fair value of $ 8.5 million and $ 9.4 million as of April 30, 2023, and May 1, 2022, respectively. The investment assets of the Trust are classified as available for sale and accordingly, changes in their fair values are recorded in other comprehensive (loss) income.

Segment Information

Segment Information	12 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Segment Information	17. SEGMENT INFORMATION Overall Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. Mattress Fabrics The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. Upholstery Fabrics 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. Net Sales Geographic Concentration Net sales denominated in U.S. dollars accounted for 91 %, 90 %, and 91 % of total consolidated net sales in fiscal 2023, 2022, and 2021, respectively. International sales accounted for 29 %, 31 %, and 27 % of net sales during fiscal 2023, 2022, and 2021, respectively, and are summarized by geographic area as follows: (dollars in thousands) 2023 2022 2021 north america (excluding USA) (1) $ 29,756 $ 39,256 $ 32,925 far east and asia (2) 31,339 43,015 43,764 all other areas 8,032 8,114 5,558 $ 69,127 $ 90,385 $ 82,247 (1) Of this amount, $ 24.9 million, $ 33.5 million, and $ 27.2 million are attributable to shipments to Mexico in fiscal 2023, 2022, and 2021, respectively. (2) Of this amount $ 20.0 million, $ 26.9 million, and $ 28.1 million are attributable to shipments to China in fiscal 2023, 2022, and 2021, respectively . Sales attributed to individual countries are based upon the location that the company ships its products to for delivery to customers. Customer Concentration One customer within the upholstery fabrics segment represented 15 %, 13 %, and 13 % of consolidated net sales during fiscal 2023, 2022, and 2021, respectively. No customers within the upholstery fabrics segment accounted for greater than 10 % of the consolidated net accounts receivable balance as of April 30, 2023, or May 1, 2022. No customers within the mattress fabrics segment represented greater than 10 % of consolidated net sales during fiscal 2023, 2022, or fiscal 2021. No customers within the mattress fabrics segment accounted for greater than 10 % of the consolidated net accounts receivable balance as of April 30, 2023, or May 1, 2022. Employee Workforce Concentration The hourly employees associated with our manufacturing facility located in Canada (approximately 11 % of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expires on February 1, 2026. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good. 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, such as restructuring expense and restructuring related charges. Cost of sales in each of our business segments include 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 senior 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. Statements of operations for our business segments are as follows: (dollars in thousands) 2023 2022 2021 net sales by segment: mattress fabrics $ 110,995 $ 152,159 $ 157,671 upholstery fabrics 123,939 142,680 142,049 net sales $ 234,934 $ 294,839 $ 299,720 gross (loss) profit: mattress fabrics $ ( 6,739 ) $ 16,458 $ 23,864 upholstery fabrics 17,733 19,635 25,968 total segment gross profit 10,994 36,093 49,832 restructuring related charge (2) ( 98 ) — — gross profit $ 10,896 $ 36,093 $ 49,832 selling, general, and administrative expenses by segment: mattress fabrics $ 11,942 $ 12,246 $ 12,066 upholstery fabrics 15,739 14,009 14,092 unallocated corporate 10,297 9,160 11,598 selling, general, and administrative expenses $ 37,978 $ 35,415 $ 37,756 (loss) income from operations by segment: mattress fabrics $ ( 18,681 ) $ 4,212 $ 11,798 upholstery fabrics 1,994 5,626 11,876 unallocated corporate expenses ( 10,297 ) ( 9,160 ) ( 11,598 ) total segment (loss) income from operations ( 26,984 ) 678 12,076 restructuring expense (1) ( 1,396 ) — — restructuring related charge (2) ( 98 ) — — (loss) income from operations $ ( 28,478 ) $ 678 $ 12,076 interest expense — ( 17 ) ( 51 ) interest income 531 373 244 other expense ( 443 ) ( 1,359 ) ( 2,208 ) gain on bargain purchase (3) — — 819 (loss) income before income taxes $ ( 28,390 ) $ ( 325 ) $ 10,880 (1) Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. (2) Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. (3) Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50 % ownership interest of $ 1.7 million and the $ 954,000 total purchase price for the remaining 50% ownership interest. Balance sheet information for our business segments follow: (dollars in thousands) April 30, May 1, segment assets mattress fabrics accounts receivable $ 12,396 $ 9,865 inventory 25,674 39,028 property, plant, and equipment 33,749 (1) 38,731 (2) right of use assets 2,308 (3) 3,469 (4) total mattress fabrics assets 74,127 91,093 upholstery fabrics accounts receivable 12,382 12,361 inventory 19,406 27,529 property, plant, and equipment 1,671 (5) 2,030 (6) right of use assets 2,618 (7) 8,124 (8) total upholstery fabrics assets 36,077 50,044 total segment assets 110,204 141,137 non-segment assets cash and cash equivalents 20,964 14,550 short-term investments – rabbi trust 1,404 — short-term note receivable 219 — current income taxes receivable — 857 other current assets 3,071 2,986 long-term note receivable 1,726 — deferred income taxes 480 528 property, plant, and equipment (9) 691 941 right of use assets (10) 3,265 3,984 intangible assets 2,252 2,628 long-term investments - rabbi trust 7,067 9,357 other assets 840 595 total assets $ 152,183 $ 177,563 Capital expenditures and depreciation expense information for our business segments follow: (dollars in thousands) 2023 2022 2021 capital expenditures (11): mattress fabrics $ 1,125 $ 3,383 $ 6,226 upholstery fabrics 467 1,032 347 unallocated corporate 97 1,406 332 total capital expenditures $ 1,689 $ 5,821 $ 6,905 depreciation expense mattress fabrics $ 6,050 $ 6,200 $ 6,014 upholstery fabrics 795 794 832 total depreciation expense $ 6,845 $ 6,994 $ 6,846 (1) The $ 33.7 million as of April 30, 2023, represents property, plant, and equipment of $ 22.7 million, $ 10.4 million, and $ 608,000 located in the U.S., Canada, and Haiti, respectively. (2) 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. (3) The $ 2.3 million as of April 30, 2023, represents right of use assets of $ 1.5 million and $ 776,000 located in Haiti and Canada, respectively. (4) 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. (5) The $ 1.7 million as of April 30, 2023, represents property, plant, and equipment of $ 974,000 , $ 592,000 , and $ 105,000 located in the U.S., Haiti, and China, respectively (6) 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. (7) The $ 2.6 million as of April 30, 2023, represents right of use assets of $ 1.5 million and $ 1.1 million located in China and the U.S., respectively. (8) 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. (9) The $ 691,000 as of April 30, 2023, and $ 941,000 as of May 1, 2022, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (10) The $ 3.3 million as of April 30, 2023, and $ 4.0 million as of May 1, 2022, represent right of use assets located in the U.S. associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (11) Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

Statutory Reserves

Statutory Reserves	12 Months Ended
	Apr. 30, 2023
Text Block [Abstract]
Statutory Reserves	18. 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 April 30, 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 April 30, 2023, the company’s statutory surplus reserve was $ 4.2 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 $ 4.2 million, to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	12 Months Ended
	Apr. 30, 2023
Text Block [Abstract]
Common Stock Repurchase Program	19. 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 fiscal 2023 and 2021, we did no t repurchase any shares of our common stock. During fiscal 2022, we repurchased 121,688 shares of our common stock at a cost of $ 1.8 million. As of April 30, 2023, $ 3.2 million was available for additional repurchases of our common stock.

Dividend Program

Dividend Program	12 Months Ended
	Apr. 30, 2023
Text Block [Abstract]
Dividend Program	20. DIVIDEND PROGRAM On June 29, 2022, our board of directors announced the decision to suspend the company’s quarterly cash dividend. Accordingly, we did no t make any dividend payments during fiscal 2023. During fiscal 2022, dividend payments totaled $ 5.5 million, which represented quarterly dividend payments ranging from $ 0.11 per share to $ 0.115 per share. During fiscal 2021, dividend payments totaled $ 5.3 million, which represented quarterly dividend payments ranging from $ 0.105 per share to $ 0.11 per share.

General and Summary of Signif_2

General and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2023
Description of Business	Description of Business Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. Mattress Fabrics The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. Currently, we have mattress fabric operations located in Stokesdale, NC and Quebec, Canada. During the last half of fiscal 2023, we rationalized our domestic cut and sewn cover platform, which included the termination of agreements to lease two facilities located in High Point, NC and moving our R&D and prototyping capabilities from these facilities to our facility located in Stokesdale, North Carolina. Additionally, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Ouanaminthe, Haiti during the fourth quarter of fiscal 2021. As a result, we are now the sole owner with full control of this cut and sew mattress cover operation (see Note 2 of the consolidated financial statements for further details regarding this business combination). Upholstery Fabrics The upholstery fabrics segment develops, sources, manufactures, and sells fabrics primarily to residential and commercial furniture manufacturers. We have upholstery fabric operations located in Shanghai, China and Burlington, NC. During the third quarter of fiscal 2022, we also commenced operation of a new facility in Ouanaminthe, Haiti dedicated to the production of cut and sewn upholstery kits. However, due to the decline in demand for cut and sewn upholstery kits, we terminated the agreement to lease this new facility during the third quarter of fiscal 2023, and we relocated a scaled down upholstery cut and sewn operation into our existing mattress cover facility also located in Ouanaminthe, Haiti, during the fourth quarter of fiscal 2023. Additionally, Read Window Products, LLC (“Read”), a wholly-owned subsidiary with operations located in Knoxville, TN, provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation 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.
Basis of Presentation	Basis of Presentation The consolidated financial statements of the company have been prepared in accordance with U.S. generally accepted accounting principles. Certain amounts presented in prior periods have been reclassified to conform to the current period financial statement presentation. Non-cash charges totaling $ 1.9 million and $ 882,000 for markdowns of inventory estimated based on our policy for aged inventory were reclassified from the line item "inventories" to the line item "non-cash inventory charges" in the Consolidated Statement of Cash Flows for the years ended May 1, 2022, and May 2, 2021, respectively. These reclassifications did not have an on effect on previously reported net cash (used in) provided by operating activities and increase (decrease) in cash and cash equivalents.
Principles of Consolidation	Principles of Consolidation Overall The consolidated financial statements include the accounts of the company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The accounts of our subsidiary located in Shanghai, China, are consolidated as of April 30, a calendar month end, which is required by the Chinese government. No events occurred related to the difference between our fiscal year end on the Sunday closest to April 30 and our Chinese subsidiary's year end of April 30 that materially affected the company’s financial position, results of operations, or cash flows for fiscal years 2023, 2022, and 2021. Class International Holdings, Ltd. (CIH) Equity Method of Accounting and Consolidation Effective January 1, 2017, Culp International Holdings, Ltd. (Culp International), a wholly-owned subsidiary of Culp, Inc. (“Culp”), entered into a joint venture agreement pursuant to which Culp International owned 50 % of CIH. As a result of our initial 50 % ownership interest, Culp’s investment in CIH was accounted for under the equity method of accounting in accordance with ASC Topic 823 – Investments – Equity Method and Joint Ventures. The equity method of accounting is required for an investee entity (i.e., CIH) that is not consolidated but over which the reporting entity (i.e., Culp.) exercises significant influence. Whether or not a reporting entity exercises significant influence with respect to an investee depends on an evaluation of several factors, including representation on the investee’s board of directors, voting rights, and ownership level. In accordance with the equity method of accounting, our 50 % proportionate share of earnings from CIH were reflected in the caption “income from investment in unconsolidated joint venture” in the Consolidated Statement of Net Income for the first nine months of fiscal 2021. Effective February 1, 2021, Culp International entered into a Share Purchase Agreement to acquire the remaining 50% ownership interest in CIH. Pursuant to this transaction, Culp International is now the sole owner with full control over CIH. As a result, effective February 1, 2021, our consolidated financial statements now include all of the accounts of CIH, and any significant intercompany balances and transactions have been eliminated in consolidation. Furthermore, the equity method of accounting will no longer be used and the former investment in unconsolidated joint venture is now included in the net assets of our now 100 % interest in CIH. (see Note 2 of the consolidated financial statements for further details regarding this business combination).
Fiscal Year	Fiscal Year Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April 30. Fiscal 2023, 2022, and 2021 each included 52-week periods.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include demand deposit and money market accounts. We consider all highly liquid instruments with original maturities of three months or less to be cash equivalents. A summary of our cash and cash equivalents by geographic area follows: April 30, May 1, (dollars in thousands) 2023 2022 United States $ 9,769 $ 4,430 China 10,669 9,502 Canada 281 267 Haiti 236 341 Cayman Islands 9 10 $ 20,964 $ 14,550 Throughout the year, we have cash balances regarding our U.S. operations of more than the federally insured amounts on deposit with a financial institution. We have not experienced any losses in such accounts. Management believes we are not exposed to any significant credit risk related to cash and cash equivalents.
Accounts Receivable and Current Expected Credit Losses	Accounts Receivable and Current Expected Credit Losses Substantially all our accounts receivable were due from manufacturers in the bedding and furniture industries. We grant credit to customers and generally do not require collateral. We record an allowance for doubtful accounts that reflects estimates of probable credit losses. As of the end of each reporting period, we assess the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (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 is completed, we assign credit grades to our customers, which in turn, are used to determine our allowance for doubtful accounts. We do not have any off-balance sheet credit exposure related to our customers.
Inventories	Inventories We account for inventories at the lower of first-in, first-out (FIFO) cost or net realizable value. Management continuously examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value. Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain patterns. As a result, we provide inventory valuation write-downs based upon established percentages based on the age of the inventory that are continually evaluated as events and market conditions require. Our inventory aging categories are six, nine, twelve, and fifteen months. We also provide inventory valuation write-downs based on the planned discontinuance of certain patterns based on the current market values at that time as compared to their current carrying values.
Property, Plant, and Equipment	Property, Plant, and Equipment Property, plant, and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Major renewals and betterments are capitalized. Maintenance, repairs, and minor renewals are expensed as incurred. When properties or equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts. Amounts received on disposal greater than or less than the book value of assets sold are credited or charged to (loss) income from operations. Management reviews long-lived assets, which consist principally of property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recovered. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to future net undiscounted cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the excess of the carrying amount over the fair value of the asset. After the impairment loss is recognized, the adjusted carrying amount is the new accounting basis. Assets to be disposed of by sale are reported at the lower of the carrying value or fair value less cost to sell when the company has committed to a disposal plan and would be reported separately as assets held for sale in the Consolidated Balance Sheets.
Interest Costs	Interest Costs No interest costs were incurred during fiscal 2023. Total interest costs incurred were $ 17,000 and $ 51,000 during fiscal 2022 and 2021, respectively. We capitalize interest costs incurred on funds used to construct property, plant, and equipment. The capitalized interest is recorded as part of the asset to which it relates and is depreciated over the asset’s estimated useful life. No interest costs for the construction of qualifying fixed assets were capitalized during fiscal 2023, 2022, or 2021.
Foreign Currency Adjustments	Foreign Currency Adjustments The United States dollar is the functional currency for the company’s Canadian and Chinese subsidiaries. All monetary foreign currency asset and liability accounts are remeasured into U.S. dollars at year-end exchange rates. Non-monetary assets and liabilities such as property, plant, and equipment and right of use assets are recorded at historical exchange rates. Foreign currency revenues and expenses are remeasured at average exchange rates in effect during the year, except for certain expenses related to balance sheet amounts remeasured at historical exchange rates, such as depreciation expense. Exchange gains and losses from remeasurement of foreign currency denominated monetary assets and liabilities are recorded in the other expense line item in the Consolidated Statements of Net (Loss) Income in the period in which they occur. A summary of our foreign currency exchange gains (losses) by geographic area follows: (dollars in thousands) 2023 2022 2021 China $ 588 $ ( 104 ) $ ( 1,389 ) Canada ( 88 ) ( 28 ) ( 22 ) $ 500 $ ( 132 ) $ ( 1,411 )
Indefinite-Lived Intangible Assets	Indefinite-Lived Intangible Assets In accordance with ASC Topic 350, Intangibles – Goodwill and Other, our business was classified into three reporting units during fiscal 2023: mattress fabrics, upholstery fabrics, and Read. ASC Topic 350 requires us to assess indefinite-lived intangible assets such as our tradename for impairment annually (the last day of our fiscal year) or between annual tests if we believe certain indicators of impairment exist. Such indicators could include but are not limited to (1) deterioration in the environment of the industry and markets in which we operate, (2) unanticipated competition, (3) a deterioration in general economic conditions, (4) an overall decline in financial performance, such as negative and declining cash flows, or a decline in actual or planned revenue or earnings compared with actual and projected results or relevant prior periods, and (5) a decrease in the price per share of our common stock. As a result, we first assess qualitative factors, such as the indicators outlined above, to determine whether it is more likely than not that the fair value of our tradename is less than its carrying amount. If we conclude that it is more likely than not that the fair value of our tradename is less than its carrying amount, we would conduct a quantitative impairment test. The quantitative impairment test would involve comparing the fair value of our tradename with its carrying value. We would estimate the fair value of our tradename using an income, discounted cash flows, or market approach, as appropriate, that would require management assumptions (i.e., unobservable inputs). If the carrying amount of our tradename exceeds the tradename's fair value, an impairment loss is recognized in an amount equal to that excess. No asset impairment charges were recorded during fiscal 2023, 2022, or 2021, as it relates to indefinite-lived intangible assets. See Note 7 of the consolidated financial statements for further details of our assessments of impairment, conclusions reached, and the performance of our quantitative test relating to our indefinite-live intangible asset (i.e. tradename).
Income Taxes	Income Taxes Deferred Income Taxes – Overall Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the financial statement carrying amounts and the tax basis of our assets, liabilities, U.S. loss carryforwards, and foreign income tax credits at income tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred income taxes of a change in tax rates is recognized in income tax (expense) benefit in the period that includes the enactment date. Deferred Income Taxes – Valuation Allowance We evaluate our deferred income taxes 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 we operate in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. We are required to record a deferred tax liability for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. 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 tax liability will only be required 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. Uncertain Income Tax Positions We recognize an income tax benefit for a tax position taken or expected to be taken on an income tax return if the more-likely-than-not recognition threshold is met by the end of the reporting period, or is effectively settled through examination, litigation, or negotiation, or if the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. The income tax effect recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Penalties and interest related to uncertain income tax positions are recorded as income tax expense. Significant judgment is required in the identification of uncertain income tax positions and in the estimation of penalties and interest on uncertain income tax positions.
Revenue from Contracts with Customers	Revenue from Contracts with Customers Revenue Recognition Revenue is recognized upon the transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services.We determined that our customer purchase orders represent contracts. In addition to customer purchase orders, we also have supply contracts with certain customers that define standard terms and conditions. Our contracts generally include promises to sell upholstery fabrics, mattress fabrics, or home goods products. In addition, we provide fabrication and installation services for our own products associated with customized window treatments. Revenue associated with sales of our products is recognized at the point in time when control of the promised goods has been transferred to the customer. The point in time when control transfers to the customer depends on the contractually agreed upon shipping terms, but typically occurs once the product has been shipped or once it has been delivered to a location specified by the customer. For certain warehousing arrangements, transfer of control to the customer is deemed to have occurred when the customer pulls the inventory for use in their production. Revenue associated with our customized fabrication services, which are performed on various types of window treatments, is recognized over time once the customized products are deemed to have no alternative use and for which we have an enforceable right to payment for the services performed. Revenue for our customized fabrication services is recognized over time using the output method based on units produced. Revenue associated with our installation services for our own products is also recognized over time as the customer receives and consumes the benefits of the promised installation services. Revenue associated with our installation services is recognized over time using the output method based on units installed. Transaction Price The transaction price is typically allocated to performance obligations based upon stand-alone selling prices. We did not disclose the value of unsatisfied performance obligations as substantially all of any unsatisfied performance obligations as of April 30, 2023, will be satisfied within one year or less. Revenue Measurement Revenue is measured as the amount of consideration we expect to receive in exchange for the transfer of the promised products and services. The amount of consideration we expect to receive changes due to variable consideration associated with allowances for sales returns, early payment discounts, and volume rebates that we offer to customers. The amount of variable consideration included in the transaction price is only included in net sales to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur in a future period. Our mattress fabrics and upholstery fabrics segments only allow product returns to the extent that the products or services did not meet the contractually agreed upon specifications at the time of sale. Customers must receive authorization prior to returning products. Estimates of allowances for sales returns are based on historical data, current potential product return issues, and known sales returns for which customers have been granted authorization. Known sales returns for which customers have been granted permission to return products for a refund or credit continue to be recorded as a contra account receivable. Estimates for potential future sales returns and related customer accommodations are recorded within accrued expenses. We record estimates for sales returns on a gross basis rather than a net basis, and an estimate for a right of return asset is recorded in other current assets and cost of goods sold. Variable consideration associated with early payment cash discounts are estimated using current payment trends and historical data on a customer-by-customer basis. The variable consideration associated with volume rebates is based on the portion of the rebate earned relative to the total amount of rebates the customer is expected to earn over the rebate period, as determined using historical data and projections. We evaluated the nature of our warranties related to our contracts with customers and determined that any such warranties are assurance-type warranties that cover only compliance with agreed upon specifications, and therefore are not considered separate performance obligations. Shipping and Handling Costs Revenue received for shipping and handling costs, which is immaterial for all periods presented, is included in net sales. Shipping costs, principally freight, that comprise payments to third-party shippers are classified as cost of sales. Handling costs represent finished goods warehousing costs incurred to store, move, and prepare products for shipment in the company’s various distribution facilities. Handling costs were $ 4.2 million, $ 4.3 million, and $ 3.9 million during fiscal 2023, 2022, and 2021, respectively, and are included in selling, general and administrative expenses. Sales and Other Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and, as such, are excluded from revenues.
Leases	Leases We lease manufacturing facilities, office space, distribution centers, and equipment under operating lease arrangements. We determine if an arrangement is a lease at its inception if it conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Operating leases with an initial term of 12 months or less are not recognized in our Consolidated Balance Sheets. We account for lease components separately from non-lease components. We recognize a right of use asset and lease liability on the commencement date of a lease arrangement based on the present value of lease payments over the lease term. A lease term may include renewal options if it is reasonably certain that the option to renew a lease period will be exercised. A renewal option is considered reasonably certain to be exercised if there is a significant economic incentive to exercise the renewal option on the date a lease arrangement is commenced. For our leases, an estimated incremental borrowing rate (“IBR”) is utilized, based on information available at the inception of the lease. The IBR represents an estimate of the interest rate we would use at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease.
Stock-Based Compensation	Stock-Based Compensation Our equity incentive plans are described more fully in Note 13 to the notes to the consolidated financial statements. ASC Topic 718, “Compensation – Stock Compensation ”, requires that all stock-based compensation be recognized as compensation expense in the financial statements and that such cost be measured at the grant date for awards issued to employees and the company’s board of directors. Compensation expense for time-vested restricted stock unit awards is amortized on a straight-line basis over the respective vesting period. Compensation expense for performance-based restricted stock unit awards 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 common stock shares are expected to be earned as of the end of the vesting period. If certain performance targets are not expected to be achieved, compensation expense will not be recorded, and any previously recognized compensation expense will be reversed.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The accompanying consolidated financial statements include certain financial instruments, and the fair market value of such instruments may differ from amounts reflected on a historical basis. These financial instruments include our short-term and long-term investments related to a rabbi trust that sets aside funds for participants in our deferred compensation plan and are classified as available-for-sale. The fair value measurements of our financial instruments are described more fully in Note 14 of the consolidated financial statements. The carrying amount of cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses approximate their fair value because of the short maturity of these financial instruments.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were not any recently adopted accounting pronouncements affecting our consolidated financial statements during fiscal 2023. Recently Issued Accounting Pronouncements Currently, there are no new accounting pronouncements that are expected to have a material effect on our consolidated financial statements.
Rabbi Trust Investments [Member]
Investments	We have a rabbi trust to set aside funds for participants of our deferred compensation plan (the “Plan”) that enables our participants to credit their contributions to various investment options of the Plan. The investments associated with the rabbi trust consist of investments in a money market fund and various mutual funds that are classified as available-for-sale. Our rabbi trust investments classified as available-for-sale were recorded at their fair value of $ 8.5 million and $ 9.4 million as of April 30, 2023, and May 1, 2022, respectively. These investments had accumulated unrealized gains totaling $ 19,000 and $ 32,000 as of April 30, 2023, and May 1, 2022, respectively. The fair value of our investments associated with our rabbi trust approximates their cost basis and reside with our U.S. operations.

General and Summary of Signif_3

General and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Summary of Cash and Cash Equivalents by Geographic Area	A summary of our cash and cash equivalents by geographic area follows: April 30, May 1, (dollars in thousands) 2023 2022 United States $ 9,769 $ 4,430 China 10,669 9,502 Canada 281 267 Haiti 236 341 Cayman Islands 9 10 $ 20,964 $ 14,550
Summary of Foreign Currency Exchange Gains (Losses) by Geographic Area	A summary of our foreign currency exchange gains (losses) by geographic area follows: (dollars in thousands) 2023 2022 2021 China $ 588 $ ( 104 ) $ ( 1,389 ) Canada ( 88 ) ( 28 ) ( 22 ) $ 500 $ ( 132 ) $ ( 1,411 )

Business Combination Achieved_2

Business Combination Achieved in Stages (Tables)	12 Months Ended
	Apr. 30, 2023
Schedule of Unaudited Pro Forma Consolidated Results of Operations	The following unaudited pro forma consolidated results of operations for the fiscal year ending May 2, 2021, has been prepared as if this acquisition had occurred on April 29, 2019. (dollars in thousands, except per share data) May 2, Net Sales $ 300,995 Income from operations $ 12,138 Net income $ 2,430 Net income per share - basic $ 0.20 Net income per share - diluted $ 0.20
CIH [Member]
Schedule of Allocation of Consideration Transferred to Assets Acquired and Liabilities Assumed	The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. (dollars in thousands) Fair Value Cash and cash equivalents $ 62 Accounts receivable 169 Inventory 31 Right of use assets 2,544 Equipment and leasehold improvements 846 Accounts payable ( 155 ) Fair value of identifiable assets acquired and liabilities assumed 3,497 Gain on bargain purchase ( 819 ) $ 2,678

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Apr. 30, 2023
Receivables [Abstract]
Summary of Accounts Receivable	A summary of accounts receivable follows: April 30, May 1, (dollars in thousands) 2023 2022 customers $ 25,244 $ 22,613 allowance for doubtful accounts ( 342 ) ( 292 ) allowance for cash discounts ( 96 ) ( 74 ) reserve for returns and allowances and discounts ( 28 ) ( 21 ) $ 24,778 $ 22,226
Summary of the Activity in the Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: (dollars in thousands) 2023 2022 2021 beginning balance $ ( 292 ) $ ( 591 ) $ ( 472 ) provision for bad debts ( 121 ) 74 ( 119 ) write-offs, net of recoveries 71 225 — ending balance $ ( 342 ) $ ( 292 ) $ ( 591 )
Summary of the Activity in the Allowance for Returns and Allowances and Discounts	A summary of the activity in the allowance for returns and allowances and discounts follows: (dollars in thousands) 2023 2022 2021 beginning balance $ ( 95 ) $ ( 138 ) $ ( 84 ) provision for returns and allowances and discounts ( 1,212 ) ( 1,386 ) ( 1,665 ) credits issued and discounts taken 1,183 1,429 1,611 ending balance $ ( 124 ) $ ( 95 ) $ ( 138 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Apr. 30, 2023
Revenue From Contract With Customer [Abstract]
Summary of Activity for Deferred Revenue	A summary of the activity of deferred revenue follows: (dollars in thousands) Fiscal 2023 Fiscal 2022 Fiscal 2021 Beginning Balance $ 520 $ 540 $ 502 Revenue recognized on contract liabilities ( 4,885 ) ( 3,434 ) ( 2,459 ) Payments received for services not yet rendered 5,557 3,414 2,497 Ending Balance $ 1,192 $ 520 $ 540
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2023: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 110,995 $ 114,996 $ 225,991 Services transferred over time — 8,943 8,943 Total Net Sales $ 110,995 $ 123,939 $ 234,934 The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2022: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 152,159 $ 133,622 $ 285,781 Services transferred over time — 9,058 9,058 Total Net Sales $ 152,159 $ 142,680 $ 294,839 The following table presents our disaggregated revenue related to operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2021: (dollars in thousands) Mattress Upholstery Total Products transferred at a point in time $ 157,671 $ 133,501 $ 291,172 Services transferred over time — 8,548 8,548 Total Net Sales $ 157,671 $ 142,049 $ 299,720

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Apr. 30, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) April 30, May 1, raw materials $ 7,908 $ 13,477 work-in-process 2,602 4,237 finished goods 34,570 48,843 $ 45,080 $ 66,557

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	12 Months Ended
	Apr. 30, 2023
Property Plant And Equipment [Abstract]
Summary of Property, Plant, and Equipment	A summary of property, plant, and equipment follows: (dollars in thousands) depreciable lives April 30, May 1, land and improvements 0 - 10 $ 947 $ 947 buildings and improvements 7 - 40 30,411 31,628 leasehold improvements ** 2,368 3,474 machinery and equipment 3 - 15 68,070 67,827 data processing equipment and software 3 - 7 8,241 8,706 office furniture and equipment 3 - 10 1,443 1,643 capital projects in progress 455 613 111,935 114,838 accumulated depreciation ( 75,824 ) ( 73,136 ) $ 36,111 $ 41,702 ** Shorter of life of lease or useful life.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Apr. 30, 2023
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) April 30, May 1, Tradename $ 540 $ 540 Customer relationships, net 1,335 1,636 Non-compete agreement, net 377 452 $ 2,252 $ 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: (dollars in thousands) 2023 2022 2021 beginning balance $ 1,636 $ 1,937 $ 2,238 amortization expense ( 301 ) ( 301 ) ( 301 ) ending balance 1,335 1,636 1,937
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: (dollars in thousands) 2023 2022 2021 beginning balance $ 452 $ 527 $ 602 amortization expense ( 75 ) ( 75 ) ( 75 ) ending balance $ 377 $ 452 527

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Apr. 30, 2023
Text Block [Abstract]
Summary of Accrued Expenses	(dollars in thousands) April 30, May 1, compensation and related benefits $ 5,800 $ 4,248 other 2,733 3,584 $ 8,533 $ 7,832

Upholstery Fabrics Segment Re_2

Upholstery Fabrics Segment Restructuring Activities (Tables)	12 Months Ended
	Apr. 30, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Expense and Restructuring Related Charges	The following summarizes our restructuring expense and related charges from both our restructuring activities noted above for fiscal 2023: (dollars in thousands) 2023 Employee termination benefits $ 507 Lease termination costs 481 Impairment loss - leasehold improvements and equipment 357 Loss on disposal and markdowns of inventory 98 Other associated costs 51 Restructuring expense and restructuring related charges (1) $ 1,494 (1) Of the total $ 1.5 million, $ 1.4 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the fiscal 2023 Consolidated Statement of Net Loss.
Summary of Activity in Accrued Restructuring	The following summarizes the activity in accrued restructuring for fiscal 2023: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning of year balance $ — $ — $ — $ — Accrual established in fiscal 2023 507 47 — 554 Expenses incurred — — 51 51 Payments ( 507 ) ( 47 ) ( 51 ) ( 605 ) End of year balance $ — $ — $ — $ —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense Attributable to (Loss) Income from Operations	Income tax expense consists of: (dollars in thousands) 2023 2022 2021 current federal $ — — ( 17 ) state 1 2 3 foreign 3,053 2,156 4,151 uncertain income tax positions 78 37 ( 204 ) 3,132 2,195 3,933 deferred federal ( 1,591 ) 1,121 ( 1,933 ) state ( 66 ) 47 ( 80 ) 2017 Tax Cuts and Jobs Act — — ( 3,674 ) undistributed earnings – foreign subsidiaries 628 76 112 U.S. federal & state carryforwards and credits ( 5,162 ) ( 971 ) 451 uncertain income tax positions — ( 380 ) 380 foreign ( 629 ) 615 ( 22 ) valuation allowance 6,818 183 8,526 ( 2 ) 691 3,760 $ 3,130 2,886 7,693
Schedule of (Loss) Income before Income Taxes Related to Foreign and U.S. Operations	(Loss) income before income taxes related to our foreign and U.S. operations consists of: (dollars in thousands) 2023 2022 2021 Foreign China $ 7,062 6,998 10,007 Canada 1,516 1,302 4,764 Haiti ( 3,483 ) ( 980 ) 817 Cayman Islands — — ( 5 ) Total Foreign 5,095 7,320 15,583 United States ( 33,485 ) ( 7,645 ) ( 4,703 ) $ ( 28,390 ) ( 325 ) 10,880
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 the income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2023 2022 2021 U.S. federal income tax rate 21.0 % 21.0 % 21.0 % valuation allowance ( 24.0 ) ( 56.3 ) 78.4 income tax effects of the 2017 Tax Cuts and Jobs Act — — ( 33.8 ) global intangible low taxed income tax (GILTI) — ( 540.9 ) — foreign tax rate differential ( 4.0 ) ( 206.2 ) 10.9 income tax effects of Chinese foreign exchange gains and losses ( 0.9 ) ( 20.6 ) ( 8.4 ) withholding taxes associated with foreign tax jurisdictions ( 2.4 ) ( 172.8 ) 7.7 uncertain income tax positions ( 0.3 ) 105.4 1.6 U.S. state income taxes 0.6 21.5 0.3 stock-based compensation ( 0.3 ) ( 3.3 ) 0.3 gain on bargain purchase — — ( 1.6 ) other (3) ( 0.7 ) ( 35.8 ) ( 5.7 ) consolidated effective income tax rate (1) (2) ( 11.0 )% ( 888.0 )% 70.7 % (1) Our consolidated effective income tax rate during fiscal 2023 was much more negatively affected by the mix of earnings and losses between our U.S. operations and foreign subsidiaries, as compared with fiscal 2022 and 2021. During fiscal 2023, we incurred a significantly higher pre-tax loss from our U.S. operations totaling $( 33.5 ) million, compared with $( 7.6 ) million and $( 4.7 ) million for fiscal 2022 and 2021, respectively. 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 fiscal 2023, as compared with fiscal 2022 and 2021. In addition, almost all of our taxable income for each of fiscal 2023, 2022, and 2021 was earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S. (2) During fiscal 2023, we incurred a significantly higher consolidated pre-tax loss totaling $( 28.4 ) million, compared with a much lower consolidated pre-tax loss totaling $( 325,000 ) during fiscal 2022 and pre-tax income totaling $ 10.9 million during fiscal 2021. 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 for fiscal 2022 and 2021, compared with fiscal 2023. (3) “Other” for all periods presented represents miscellaneous adjustments that pertain to U.S. permanent differences such as meals and entertainment and income tax provision to return adjustments.
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following: (dollars in thousands) 2023 2022 deferred tax assets: accounts receivable $ 297 227 inventories 3,277 2,020 compensation 2,676 2,437 liabilities and other 5 28 intangible assets and goodwill 395 536 property, plant, and equipment (1) 179 199 operating lease liability 781 1,297 foreign income tax credits - U.S. 783 783 loss carryforwards – U.S. 13,564 8,373 valuation allowance - U.S. ( 18,675 ) ( 11,857 ) total deferred tax assets 3,282 4,043 deferred tax liabilities: undistributed earnings on foreign subsidiaries ( 4,213 ) ( 3,586 ) property, plant and equipment (2) ( 3,450 ) ( 4,292 ) right of use assets ( 964 ) ( 1,520 ) other ( 129 ) ( 121 ) total deferred tax liabilities ( 8,756 ) ( 9,519 ) Net deferred liabilities $ ( 5,474 ) ( 5,476 ) (1) Pertains to the company’s operations located in China. (2) Pertains to the company’s operations located in the U.S. and Canada.
Summary of Valuation Allowances Against U.S. Net Deferred Income Tax Assets	Based on our assessments as of April 30, 2023, and May 1, 2022, valuation allowances against our U.S. net deferred income tax assets pertain to the following: (dollars in thousands) April 30, May 1, U.S. federal and state net deferred income tax assets $ 16,345 $ 9,527 U.S. capital loss carryforward 2,330 2,330 $ 18,675 $ 11,857
Summary of Change in Valuation Allowances Against U.S. Net Deferred Income Tax Assets	A summary of the change in the valuation allowances against our U.S. net deferred income tax assets follows: (dollars in thousands) 2023 2022 2021 beginning balance $ 11,857 11,674 3,148 change in judgement of beginning of year U.S. valuation allowance (1) — — 6,964 change in valuation allowance associated with current year earnings 7,252 1,640 1,004 change in estimate during current year (2) ( 434 ) ( 1,457 ) 558 ending balance $ 18,675 11,857 11,674 (1) Refer to the above "Assessment" subsection within the section titled Deferred Income Taxes – Valuation Allowance for further details regarding our assessment and conclusions reached for providing a full valuation allowance against our U.S net deferred income tax assets during the first quarter of fiscal 2021. (2) Amounts represent changes in our U.S. net deferred income tax asset balances during the current year that pertain to (i) income tax provision to return adjustments, (ii) changes in estimates of our U.S. effective income tax rate that pertain to U.S. state income tax rates and apportionment percentages, (iii) recognition of an uncertain income tax position due to the expiration of statute of limitations, (iv) expiration of certain U.S. state loss carryforwards, and (v) other immaterial items.
Schedule of Unrecognized Tax Benefit	The following table sets forth the change in the company’s unrecognized income tax benefit: (dollars in thousands) 2023 2022 2021 beginning balance $ 1,101 1,444 1,269 increases from prior period tax positions 175 114 249 decreases from prior period tax positions ( 97 ) ( 77 ) ( 74 ) lapse of applicable statute of limitations — ( 380 ) — ending balance $ 1,179 1,101 1,444
Summary of Income Taxes Paid (Refunded)	The following table sets forth income taxes paid (refunded) by jurisdiction: (dollars in thousands) 2023 2022 2021 United States federal - Alternative Minimum Tax $ — $ — $ ( 1,510 ) United States federal - Transition Tax 265 266 226 China - Income Taxes 1,831 2,036 2,076 China - Withholding Taxes Associated with Earnings — 487 798 Canada - Income Taxes 228 311 1,408 $ 2,324 $ 3,100 $ 2,998 (1) In accordance with the provisions of the TCJA, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable. We received refunds totaling $ 1.5 million in two separate installments totaling $ 746,000 and $ 764,000 during the first and second quarters of fiscal 2021, respectively.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2023
Commitments And Contingencies Disclosure [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 April 30, 2023, and May 1, 2022, are as follows: (dollars in thousands) April 30, May 1, Right of use assets $ 8,191 $ 15,577 Operating lease liability - current 2,640 3,219 Operating lease liability – noncurrent 3,612 7,062
Supplemental Cash Flow Information	Supplemental Cash Flow Information (dollars in thousands) 2023 2022 2021 Operating lease liability payments $ 2,497 $ 2,954 $ 2,634 Right of use assets exchanged for lease liabilities 731 3,762 8,014
Summary of weighted average remaining lease term and discount rate	As of April 30, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 3.87 years Weighted average discount rate 3.58 % As of May 1, 2022, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 3.29 years Weighted average discount rate 1.77 %
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the next five fiscal years and thereafter follows: (dollars in thousands) Amount 2024 $ 2,698 2025 1,890 2026 603 2027 343 2028 225 Thereafter 804 6,563 Less: interest ( 311 ) Present value of lease liabilities $ 6,252

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Apr. 30, 2023
Summary of Time Based Restricted Stock Unit Activity	The following table summarizes the time-based restricted stock unit activity during fiscal years 2023, 2022, and 2021: 2023 2022 2021 Shares Shares Shares outstanding at beginning of year 210,284 174,295 44,399 granted 119,687 37,991 129,896 vested (1) ( 32,799 ) — — forfeited ( 11,346 ) ( 2,002 ) — outstanding at end of year 285,826 210,284 174,295 (1) During fiscal 2023, time-based restricted stock units totaling 32,799 vested at a fair value of $ 167,000 , or $ 5.10 per share.
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.
Summary of Grants of Common Stock to Outside Directors	The following table summarizes information related to our grants of common stock to our outside directors during fiscal 2023, 2022, and 2021: Common (1) Stock Price Per Vesting Date of Grant Awarded Share Period April 3, 2023 - Fiscal 2023 15,832 $ 5.29 Immediate January 3, 2023 - Fiscal 2023 17,819 $ 4.70 Immediate October 3, 2022 - Fiscal 2023 18,326 $ 4.57 Immediate July 1, 2022 - Fiscal 2023 19,753 $ 4.24 Immediate April 1, 2022 - Fiscal 2022 10,562 $ 7.93 Immediate January 3, 2022 - Fiscal 2022 8,357 $ 10.02 Immediate October 1, 2021 - Fiscal 2022 6,426 $ 13.03 Immediate July 1, 2021 - Fiscal 2022 4,312 $ 16.24 Immediate April 1, 2021 - Fiscal 2021 4,467 $ 15.67 Immediate January 4, 2021 - Fiscal 2021 4,563 $ 15.34 Immediate October 1, 2020 - Fiscal 2021 5,193 $ 13.48 Immediate July 1, 2020 - Fiscal 2021 7,000 $ 10.00 Immediate (1) Price per share represents closing price of our common stock on the date of grant.
Performance Based Restricted Stock Units [Member]
Summary of Vested Performance Based Restricted Stock Units	The following table summarizes information related to our performance-based restricted stock units that vested during fiscal 2023, 2022, and 2021: (3) (4) Common Weighted Weighted Stock Shares Average Average Price Fiscal Year 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 Fiscal 2021 (1) 3,277 $ 33 $ 9.96 Fiscal 2021 (2) 3,710 $ 37 $ 9.96 (1) Performance-based restricted stock units vested for senior executives. (2) Performance-based restricted stock units vested for key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing prices of our common stock on the dates the respective performance-based restricted stock units vested.
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 certain senior executives and key members of management during fiscal years 2023, 2022, and 2021: (1) Restricted Price Vesting Date of Grant Stock Awarded Per Share Period September 6, 2022 37,671 $ 4.58 1 to 3 years August 10, 2022 82,016 $ 5.06 3 years July 22, 2021 37,991 $ 14.75 3 years August 6, 2020 129,896 $ 11.01 3 years (1) Price per share represents closing price of our common stock on the date the respective award was granted.
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 certain senior executives and key employees that were unvested as of April 30, 2023: (4) (3) Restricted Restricted Stock Stock Units Stock Units Expected to Price Per Vesting Date of Grant Awarded Vest Share 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 certain 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 award agreements. (4) Compensation cost is 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. These amounts represent the number of shares that are expected to vest as of April 30, 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 certain senior executives on July 22, 2021. (7) Price per share represents the closing price of our common stock on the date of grant.

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables present information about assets and liabilities measured at fair value on a recurring basis: Fair value measurements as of April 30, 2023, using: Quoted Significant Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 7,649 N/A N/A $ 7,649 Growth Allocation Mutual Funds 528 N/A N/A 528 Moderate Allocation Mutual Fund 86 N/A N/A 86 Other 208 N/A N/A 208 Fair value measurements as of May 1, 2022, using: Quoted Significant Significant (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
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis	We had assets and liabilities that were required to be measured at fair value on a nonrecurring basis that pertained to assets acquired and certain liabilities that were assumed in connection with the CIH business combination effective February 1, 2021. See Note 2 of the consolidated financial statements for further details regarding this business combination. Fair value measurements on February 1, 2021, using: Quoted Prices Significant Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Right of use assets N/A $ 2,544 N/A $ 2,544 Equipment and leasehold improvements N/A N/A $ 846 $ 846 Inventory N/A N/A $ 31 $ 31

Net (Loss) Income Per Share (Ta

Net (Loss) Income Per Share (Tables)	12 Months Ended
	Apr. 30, 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: (in thousands) 2023 2022 2021 weighted-average common shares outstanding, basic 12,283 12,242 12,300 dilutive effect of stock-based compensation — — 22 weighted-average common shares outstanding, diluted 12,283 12,242 12,322
Schedule of Unvested Common Stock not Included in the Computation of Diluted Net (Loss) Income Per Share	Shares of unvested common stock that were not included in the computation of diluted net (loss) income per share consist of the following: (in thousands) 2023 2022 2021 antidilutive effect from decrease in the price per share of our common stock 25 18 2 antidilutive effect from net loss incurred during the fiscal year 88 86 — total unvested shares of common stock not included in 113 104 2

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Apr. 30, 2023
Segment Reporting [Abstract]
Summary of Segment Information by Geographic Area	International sales accounted for 29 %, 31 %, and 27 % of net sales during fiscal 2023, 2022, and 2021, respectively, and are summarized by geographic area as follows: (dollars in thousands) 2023 2022 2021 north america (excluding USA) (1) $ 29,756 $ 39,256 $ 32,925 far east and asia (2) 31,339 43,015 43,764 all other areas 8,032 8,114 5,558 $ 69,127 $ 90,385 $ 82,247 (1) Of this amount, $ 24.9 million, $ 33.5 million, and $ 27.2 million are attributable to shipments to Mexico in fiscal 2023, 2022, and 2021, respectively. (2) Of this amount $ 20.0 million, $ 26.9 million, and $ 28.1 million are attributable to shipments to China in fiscal 2023, 2022, and 2021, respectively .
Schedule of Business Segments Information	Statements of operations for our business segments are as follows: (dollars in thousands) 2023 2022 2021 net sales by segment: mattress fabrics $ 110,995 $ 152,159 $ 157,671 upholstery fabrics 123,939 142,680 142,049 net sales $ 234,934 $ 294,839 $ 299,720 gross (loss) profit: mattress fabrics $ ( 6,739 ) $ 16,458 $ 23,864 upholstery fabrics 17,733 19,635 25,968 total segment gross profit 10,994 36,093 49,832 restructuring related charge (2) ( 98 ) — — gross profit $ 10,896 $ 36,093 $ 49,832 selling, general, and administrative expenses by segment: mattress fabrics $ 11,942 $ 12,246 $ 12,066 upholstery fabrics 15,739 14,009 14,092 unallocated corporate 10,297 9,160 11,598 selling, general, and administrative expenses $ 37,978 $ 35,415 $ 37,756 (loss) income from operations by segment: mattress fabrics $ ( 18,681 ) $ 4,212 $ 11,798 upholstery fabrics 1,994 5,626 11,876 unallocated corporate expenses ( 10,297 ) ( 9,160 ) ( 11,598 ) total segment (loss) income from operations ( 26,984 ) 678 12,076 restructuring expense (1) ( 1,396 ) — — restructuring related charge (2) ( 98 ) — — (loss) income from operations $ ( 28,478 ) $ 678 $ 12,076 interest expense — ( 17 ) ( 51 ) interest income 531 373 244 other expense ( 443 ) ( 1,359 ) ( 2,208 ) gain on bargain purchase (3) — — 819 (loss) income before income taxes $ ( 28,390 ) $ ( 325 ) $ 10,880 (1) Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. (2) Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. (3) Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50 % ownership interest of $ 1.7 million and the $ 954,000 total purchase price for the remaining 50% ownership interest. Balance sheet information for our business segments follow: (dollars in thousands) April 30, May 1, segment assets mattress fabrics accounts receivable $ 12,396 $ 9,865 inventory 25,674 39,028 property, plant, and equipment 33,749 (1) 38,731 (2) right of use assets 2,308 (3) 3,469 (4) total mattress fabrics assets 74,127 91,093 upholstery fabrics accounts receivable 12,382 12,361 inventory 19,406 27,529 property, plant, and equipment 1,671 (5) 2,030 (6) right of use assets 2,618 (7) 8,124 (8) total upholstery fabrics assets 36,077 50,044 total segment assets 110,204 141,137 non-segment assets cash and cash equivalents 20,964 14,550 short-term investments – rabbi trust 1,404 — short-term note receivable 219 — current income taxes receivable — 857 other current assets 3,071 2,986 long-term note receivable 1,726 — deferred income taxes 480 528 property, plant, and equipment (9) 691 941 right of use assets (10) 3,265 3,984 intangible assets 2,252 2,628 long-term investments - rabbi trust 7,067 9,357 other assets 840 595 total assets $ 152,183 $ 177,563 Capital expenditures and depreciation expense information for our business segments follow: (dollars in thousands) 2023 2022 2021 capital expenditures (11): mattress fabrics $ 1,125 $ 3,383 $ 6,226 upholstery fabrics 467 1,032 347 unallocated corporate 97 1,406 332 total capital expenditures $ 1,689 $ 5,821 $ 6,905 depreciation expense mattress fabrics $ 6,050 $ 6,200 $ 6,014 upholstery fabrics 795 794 832 total depreciation expense $ 6,845 $ 6,994 $ 6,846 (1) The $ 33.7 million as of April 30, 2023, represents property, plant, and equipment of $ 22.7 million, $ 10.4 million, and $ 608,000 located in the U.S., Canada, and Haiti, respectively. (2) 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. (3) The $ 2.3 million as of April 30, 2023, represents right of use assets of $ 1.5 million and $ 776,000 located in Haiti and Canada, respectively. (4) 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. (5) The $ 1.7 million as of April 30, 2023, represents property, plant, and equipment of $ 974,000 , $ 592,000 , and $ 105,000 located in the U.S., Haiti, and China, respectively (6) 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. (7) The $ 2.6 million as of April 30, 2023, represents right of use assets of $ 1.5 million and $ 1.1 million located in China and the U.S., respectively. (8) 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. (9) The $ 691,000 as of April 30, 2023, and $ 941,000 as of May 1, 2022, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (10) The $ 3.3 million as of April 30, 2023, and $ 4.0 million as of May 1, 2022, represent right of use assets located in the U.S. associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (11) Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

General and Summary of Signif_4

General and Summary of Significant Accounting Policies - Narrative (Detail)	9 Months Ended	12 Months Ended
	Jan. 31, 2021	Apr. 30, 2023 USD ($) Segment	May 01, 2022 USD ($)	May 02, 2021 USD ($)	Feb. 01, 2021	Jan. 01, 2017
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of Operating Segments | Segment		2
Non-cash inventory charges		$ 5,819,000	$ 1,927,000	$ 882,000
Rabbi trust investments		8,500,000	9,400,000
Interest costs incurred on lines of credit		0	17,000	51,000
Interest cost capitalized		0	0	0
Asset impairment charges		$ 0	$ 0	0
Dividends received deduction percentage for earnings and profits received from foreign corporation		100%	100%
Dividends received deduction, foreign corporation ownership percentage		10%	10%
Selling, general and administrative expenses		$ 37,978,000	$ 35,415,000	37,756,000
Shipping and Handling [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Selling, general and administrative expenses		4,200,000	4,300,000	$ 3,900,000
Rabbi Trust Investments [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Unrealized gain (loss) on investments		$ 19,000	$ 32,000
CIH [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage						50%
CIH [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Acquisition of additional ownership percentage				50%	50%	50%
Majority ownership percentage acquired					100%
Percentage of share earnings and losses	50%

General and Summary of Signif_5

General and Summary of Significant Accounting Policies - Summary of Cash and Cash Equivalents by Geographic Area (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	$ 20,964	$ 14,550
United States [Member]
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	9,769	4,430
China [Member]
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	10,669	9,502
Canada [Member]
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	281	267
Haiti [Member]
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	236	341
Cayman Islands [Member]
Cash and Cash Equivalents [Line Items]
cash and cash equivalents	$ 9	$ 10

General and Summary of Signif_6

General and Summary of Significant Accounting Policies - Summary of Foreign Currency Exchange Gains (Losses) by Geographic Area (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	$ 500	$ (132)	$ (1,411)
China [Member]
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	588	(104)	(1,389)
Canada [Member]
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	$ (88)	$ (28)	$ (22)

Business Combination Achieved_3

Business Combination Achieved in Stages - Narrative (Detail)		3 Months Ended	12 Months Ended
	Feb. 01, 2021 USD ($) ft²	May 02, 2021 USD ($)	Apr. 30, 2023 USD ($)	May 01, 2022 USD ($)	May 02, 2021 USD ($)	Jan. 01, 2017
Business Acquisition [Line Items]
Net sales related to inventory shipments in supply agreement		$ 379,000	$ 198,000	$ 1,600,000
Charges related to rebate agreement		$ 25,000		$ 73,000
income from investment in unconsolidated joint venture					$ 31,000
CIH [Member]
Business Acquisition [Line Items]
Equity method investment, ownership percentage						50%
CIH [Member]
Business Acquisition [Line Items]
Acquisition of additional ownership percentage	50%	50%			50%	50%
Area of additional plant facility | ft²	120,000
Date of acquisition	Feb. 01, 2021
Consideration transferred	$ 2,678,000
Payment for acquisition	954,000
Fair value of previously held ownership interest	$ 1,700,000
Majority ownership percentage acquired	100%
Gain loss on remeasurement of previously held ownership interest	$ 0
Gain on bargain purchase	819,000
Revenue		$ 379,000
Net income (loss)		(2,000)
CIH [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business acquisition related costs					$ 30,000
CIH [Member] | Mattress Fabrics [Member]
Business Acquisition [Line Items]
Consideration transferred	2,700,000
Fair value of the identifiable assets acquired, and liabilities assumed	$ 3,500,000
Gain on bargain purchase		$ 819,000			$ 819,000
CIH [Member] | Minimum [Member] | Equipment and Leasehold Improvements [Member]
Business Acquisition [Line Items]
Property, plant and equipment, remaining useful life			1 year
CIH [Member] | Maximum [Member] | Equipment and Leasehold Improvements [Member]
Business Acquisition [Line Items]
Property, plant and equipment, remaining useful life			10 years

Business Combination Achieved_4

Business Combination Achieved in Stages - Schedule of Allocation of Consideration Transferred to Assets Acquired And Liabilities Assumed (Detail) - CIH [Member] $ in Thousands	Feb. 01, 2021 USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 62
Accounts receivable	169
Inventory	31
Right of use assets	2,544
Equipment and leasehold improvements	846
Accounts payable	(155)
Fair value of identifiable assets acquired and liabilities assumed	3,497
Gain on bargain purchase	(819)
Consideration transferred	$ 2,678

Business Combination Achieved_5

Business Combination Achieved in Stages - Schedule of Unaudited Pro Forma Consolidated Results of Operations (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	May 02, 2021 USD ($) $ / shares
Business Combinations [Abstract]
Net Sales	$ 300,995
Income from operations	12,138
Net income	$ 2,430
Net income per share - basic | $ / shares	$ 0.20
Net income per share - diluted | $ / shares	$ 0.20

Accounts Receivable - Summary o

Accounts Receivable - Summary of Accounts Receivable (Detail) - USD ($)	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
customers	$ 25,244,000	$ 22,613,000
Accounts receivable, net	24,778,000	22,226,000
Allowance for doubtful accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	(342,000)	(292,000)	$ (591,000)	$ (472,000)
Allowance for cash discounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	(96,000)	(74,000)
Allowance for sales returns and allowances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	$ (28,000)	$ (21,000)

Accounts Receivable - Summary_2

Accounts Receivable - Summary of the Activity in the Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Valuation and Qualifying Accounts Disclosure [Line Items]
beginning balance	$ (292,000)	$ (591,000)	$ (472,000)
provision for bad debts	(121,000)	74,000	(119,000)
write-offs, net of recoveries	71,000	225,000
ending balance	$ (342,000)	$ (292,000)	$ (591,000)

Accounts Receivable - Narrative

Accounts Receivable - Narrative (Detail) - USD ($)	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 342,000	$ 292,000	$ 591,000	$ 472,000

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Returns and Allowances and Discounts (Detail) - Reserve for returns and allowances and discounts [Member] - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Valuation and Qualifying Accounts Disclosure [Line Items]
beginning balance	$ (95)	$ (138)	$ (84)
provision for returns and allowances and discounts	(1,212)	(1,386)	(1,665)
credits issued and discounts taken	1,183	1,429	1,611
ending balance	$ (124)	$ (95)	$ (138)

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	12 Months Ended
	Apr. 30, 2023 USD ($) Segment	May 01, 2022 USD ($)	May 02, 2021 USD ($)	May 03, 2020 USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment	2
Contract assets recognized	$ 0	$ 0
Deferred Revenue	1,192,000	520,000	$ 540,000	$ 502,000
Upfront customer deposits	$ 942,000	$ 520,000
Minimum [Member]
Contract Assets and Liabilities [Line Items]
Contract with customers credit period	15 days
Maximum [Member]
Contract Assets and Liabilities [Line Items]
Contract with customers credit period	60 days
Upholstery Fabrics [Member]
Contract Assets and Liabilities [Line Items]
Upfront license fee payment	$ 250,000

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the Activity of Deferred Revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Revenue From Contract With Customer [Abstract]
Beginning Balance	$ 520	$ 540	$ 502
Revenue recognized on contract liabilities	(4,885)	(3,434)	(2,459)
Payments received for services not yet rendered	5,557	3,414	2,497
Ending Balance	$ 1,192	$ 520	$ 540

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 234,934	$ 294,839	$ 299,720
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	225,991	285,781	291,172
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	8,943	9,058	8,548
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	110,995	152,159	157,671
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	110,995	152,159	157,671
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	123,939	142,680	142,049
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	114,996	133,622	133,501
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 8,943	$ 9,058	$ 8,548

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022
Inventory Disclosure [Abstract]
raw materials	$ 7,908	$ 13,477
work-in-process	2,602	4,237
finished goods	34,570	48,843
Inventories	$ 45,080	$ 66,557

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 30, 2022	Oct. 31, 2021	Apr. 30, 2023	May 01, 2022	May 02, 2021
Inventory [Line Items]
Non-cash inventory charges			$ 5,800,000
Write down to net realizable value			5,819,000	$ 1,927,000	$ 882,000
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
Write down to net realizable value	$ 2,900,000		2,900,000
Percentage of decline in net sales	35.80%
Gross margin percentage	(23.10%)	15%
Gross margin percentage excluding non-cash inventory charges	(8.70%)
Mattress and Upholstery Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges			$ 2,800,000	$ 1,900,000	$ 882,000

Summary of Property, Plant, and

Summary of Property, Plant, and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022
Property, Plant and Equipment [Line Items]
land and improvements	$ 947	$ 947
buildings and improvements	30,411	31,628
leasehold improvements	2,368	3,474
machinery and equipment	68,070	67,827
data processing equipment and software	8,241	8,706
office furniture and equipment	1,443	1,643
capital projects in progress	455	613
property, plant, and equipment, gross	111,935	114,838
accumulated depreciation	(75,824)	(73,136)
property, plant, and equipment, net	$ 36,111	$ 41,702
Land and Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	0 years
Land and Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	10 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	7 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	40 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	Shorter of life of lease or useful life.
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	15 years
Data Processing Equipment and Software [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	3 years
Data Processing Equipment and Software [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	7 years
Office Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	3 years
Office Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	10 years

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Intangible Assets [Line Items]
Tradename	$ 540	$ 540
Intangible assets	2,252	2,628
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,335	1,636	$ 1,937	$ 2,238
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 377	$ 452	$ 527	$ 602

Intangible Asset - Tradename (D

Intangible Asset - Tradename (Detail) $ in Thousands	12 Months Ended
	Apr. 30, 2023 USD ($)
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 540
Ending balance	$ 540

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)			3 Months Ended				12 Months Ended
	Apr. 30, 2023	Oct. 30, 2022	Apr. 30, 2023	Jan. 29, 2023	Oct. 30, 2022	Oct. 31, 2021	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Intangible Assets [Line Items]
Tradename	$ 540,000		$ 540,000				$ 540,000	$ 540,000
Gross carrying amount of customer relationships	3,100,000		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	2,000,000
Property, plant and equipment, net	36,111,000		36,111,000				36,111,000	41,702,000
Right of use assets	8,191,000		8,191,000				8,191,000	15,577,000
Incurred operating losses							(28,478,000)	678,000	$ 12,076,000
Impairment charges of tradename	0
Customer Relationships [Member]
Intangible Assets [Line Items]
Accumulated amortization	1,800,000		1,800,000				1,800,000	1,500,000
Remaining amortization expense for the fiscal year	301,000		301,000				301,000
Remaining amortization expense for the second fiscal year	301,000		301,000				301,000
Remaining amortization expense for the third fiscal year	301,000		301,000				301,000
Remaining amortization expense for the fourth fiscal year	278,000		278,000				278,000
Remaining amortization expense for the fifth fiscal year	52,000		52,000				52,000
Remaining amortization expense for the fiscal year thereafter	102,000		102,000				$ 102,000
Weighted average remaining amortization period							4 years 9 months 18 days
Finite-lived intangible assets, net	1,335,000		1,335,000				$ 1,335,000	1,636,000	1,937,000	$ 2,238,000
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
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Useful life							15 years
Accumulated amortization	1,600,000		1,600,000				$ 1,600,000	1,600,000
Remaining amortization expense for the fiscal year	76,000		76,000				76,000
Remaining amortization expense for the second fiscal year	76,000		76,000				76,000
Remaining amortization expense for the third fiscal year	76,000		76,000				76,000
Remaining amortization expense for the fourth fiscal year	76,000		76,000				76,000
Remaining amortization expense for the fifth fiscal year	73,000		73,000				$ 73,000
Weighted average remaining amortization period							5 years
Finite-lived intangible assets, net	377,000		377,000				$ 377,000	$ 452,000	$ 527,000	$ 602,000
Mattress Fabrics [Member]
Intangible Assets [Line Items]
Percentage of decline in net sales					35.80%
Gross margin percentage					(23.10%)	15%
Read Window Products, LLC [Member]
Intangible Assets [Line Items]
Impairment charge							0
Carrying amount of asset group, net	1,500,000		1,500,000				1,500,000
Read Window Products, LLC [Member] | Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	978,000		978,000				978,000
Read Window Products, LLC [Member] | Property, Plant and Equipment [Member]
Intangible Assets [Line Items]
Property, plant and equipment, net	329,000		329,000				329,000
Read Window Products, LLC [Member] | Right Of Use Assets [Member]
Intangible Assets [Line Items]
Right of use assets	215,000		215,000				215,000
Mattress Asset Group [Member]
Intangible Assets [Line Items]
Impairment charge	0	$ 0
Carrying amount of asset group, net	36,800,000	38,800,000	36,800,000		$ 38,800,000		36,800,000
Mattress Asset Group [Member] | Property, Plant and Equipment [Member]
Intangible Assets [Line Items]
Property, plant and equipment, net	33,700,000	35,900,000	33,700,000		35,900,000		33,700,000
Mattress Asset Group [Member] | Right Of Use Assets [Member]
Intangible Assets [Line Items]
Right of use assets	2,300,000	2,100,000	2,300,000		2,100,000		2,300,000
Mattress Asset Group [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Incurred operating losses			(2,500,000)	$ (4,200,000)
Mattress Asset Group [Member] | Mattress Fabrics [Member] | Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	358,000	383,000	358,000		383,000		358,000
Mattress Asset Group [Member] | Mattress Fabrics [Member] | Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 377,000	$ 414,000	$ 377,000		$ 414,000		$ 377,000

Intangible Assets - Summary o_2

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 1,636	$ 1,937	$ 2,238
Amortization expense	(301)	(301)	(301)
Ending balance	1,335	1,636	1,937
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	452	527	602
Amortization expense	(75)	(75)	(75)
Ending balance	$ 377	$ 452	$ 527

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022
Payables And Accruals [Abstract]
compensation and related benefits	$ 5,800	$ 4,248
other	2,733	3,584
Accrued expenses	$ 8,533	$ 7,832

Upholstery Fabrics Segment Re_3

Upholstery Fabrics Segment Restructuring Activities - Narrative (Detail) - USD ($)		3 Months Ended	12 Months Ended
		Jan. 29, 2023	Apr. 30, 2023	May 01, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring expense	[1]		$ 1,396,000
Restructuring related charge	[2]		(98,000)
Fair value of right of use assets held for sale		$ 2,000,000
Note receivable			24,778,000	$ 22,226,000
Upholstery Fabrics - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			615,000
CUF Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			781,000
Lease rent advance payment			$ 2,800,000
Lease expiration date			Dec. 31, 2029
Right of use asset held for sale carrying value		2,400,000
Fair value of right of use assets held for sale		2,000,000
Note receivable			$ 1,900,000
Note receivable, short-term			219,000
Note receivable, long-term			1,700,000
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges	[3]		1,494,000
Restructuring expense			51,000
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] | Upholstery Fabrics - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges			713,000
Exit and Disposal Activity [Member] | Upholstery Fabrics - China [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge			98,000
Employee Termination Benefits [Member] | CUF Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			39,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			507,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics - China [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 - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge			98,000
Impairment Loss on Equipment [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			80,000
Lease Termination Costs [Member] | CUF Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 434,000	434,000
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 - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			47,000
Other Associated Costs [Member] | CUF Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			31,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			51,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member] | Upholstery Fabrics - China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			20,000
Leasehold Improvements Impairment Loss [Member] | CUF Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			$ 277,000
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the total $ 1.5 million, $ 1.4 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the fiscal 2023 Consolidated Statement of Net Loss.

Upholstery Fabrics Segment Re_4

Upholstery Fabrics Segment Restructuring Activities - Summary of Restructuring Expense and Restructuring Related Charges (Detail) $ in Thousands	12 Months Ended
	Apr. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 1,396	[1]
Restructuring related charge	$ (98)	[2]
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Restructuring expense
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 51
Restructuring expense and restructuring related charges	1,494	[3]
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	507
Lease Termination Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	481
Impairment Loss - Leasehold Improvements and Equipment [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	357
Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge	98
Other Associated Costs [Member] | Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 51
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the total $ 1.5 million, $ 1.4 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the fiscal 2023 Consolidated Statement of Net Loss.

Upholstery Fabrics Segment Re_5

Upholstery Fabrics Segment Restructuring Activities - Summary of Restructuring Expense and Restructuring Related Charges (Parenthetical) (Detail)	12 Months Ended
	Apr. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 1,396,000	[1]
Restructuring related charge	(98,000)	[2]
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges	1,494,000	[3]
Restructuring expense	51,000
Exit and Disposal Activity [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge	$ 98,000
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the total $ 1.5 million, $ 1.4 million and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the fiscal 2023 Consolidated Statement of Net Loss.

Upholstery Fabrics Segment Re_6

Upholstery Fabrics Segment Restructuring Activities - Summary of Activity in Accrued Restructuring (Detail) $ in Thousands	12 Months Ended
	Apr. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Expenses incurred	$ 1,396	[1]
Exit and Disposal Activity [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023	554
Expenses incurred	51
Payments	(605)
Exit and Disposal Activity [Member] | Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023	507
Expenses incurred	507
Payments	(507)
Exit and Disposal Activity [Member] | Lease Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023	47
Expenses incurred	481
Payments	(47)
Exit and Disposal Activity [Member] | Other Associated Costs [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred	51
Payments	$ (51)
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs.

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail) ¥ in Millions					12 Months Ended
	Jan. 19, 2023 USD ($)	Aug. 30, 2022 USD ($)	Aug. 19, 2022 USD ($)	Jun. 24, 2022 USD ($)	Apr. 30, 2023 USD ($)	May 01, 2022 USD ($)	May 02, 2021 USD ($)	Apr. 30, 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
Applicable interest rate at end of period					6.30%	2.40%		6.30%
Interest rate description						Interest was charged under the Credit Agreement at a rate as a variable spread over LIBOR based on our ratio of debt to EBITDA.
Reference rate on which the interest rate is based					SOFR
Line of credit facility, available borrowing					$ 26,800,000
Letters of credit, outstanding amount					275,000	$ 275,000
Expiration month year				2025-06
Minimum tangible net worth				$ 100,000,000
Percentage of minimum annual net income				50%
Minimum EBITDA to net interest expense ratio				3
Minimum access to liquidity amount			$ 15,000,000	$ 15,000,000
Outstanding amount					0	0
Interest paid during the year					$ 8,000	10,000	$ 60,000
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 eligible in-transit inventory value	$ 5,000,000
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 stated amount to determine borrowing base	$ 22,500,000
Line of credit facility, equal to eligible accounts receivable, borrowing base percent	200%
Line of credit facility, commitment fee percentage	37.50%
Annual servicing fee	$ 12,000
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 points (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.
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
Revolving Credit Facility [Member] | United States [Member] | Secured Overnight Financing Rate (SOFR) [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]
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] | Secured Overnight Financing Rate (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] | 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] | 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 minimum excess borrowing ability cash dominion period	$ 7,000,000
Line of credit facility, minimum excess borrowing ability compliance period	$ 5,250,000
Revolving Credit Facility [Member] | United States [Member] | Maximum [Member] | Secured Overnight Financing Rate (SOFR) [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	175%
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] | Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Remaining letters of credit					$ 725,000
Revolving credit agreements [Member] | China [Member] | Chinese Yuan Renminbi [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity					$ 5,800,000			¥ 40
Expiration date					Nov. 24, 2023
Interest rate description					Interest charged under this agreement is based on an interest rate determined by the Chinese government at the time of borrowing.
Outstanding amount					$ 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

Income Taxes - Allocation of In

Income Taxes - Allocation of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Tax Disclosure [Abstract]
(loss) income from continuing operations	$ 3,130	$ 2,886	$ 7,693

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
current
federal			$ (17)
state	$ 1	$ 2	3
foreign	3,053	2,156	4,151
uncertain income tax positions	78	37	(204)
current income tax expense	3,132	2,195	3,933
deferred
federal	(1,591)	1,121	(1,933)
state	(66)	47	(80)
2017 Tax Cuts and Jobs Act			(3,674)
undistributed earnings – foreign subsidiaries	628	76	112
U.S. federal & state carryforwards and credits	(5,162)	(971)	451
uncertain income tax positions		(380)	380
foreign	(629)	615	(22)
valuation allowance	6,818	183	8,526
deferred income tax expense	(2)	691	3,760
income tax expense	$ 3,130	$ 2,886	$ 7,693

Income Taxes - (Loss) Income be

Income Taxes - (Loss) Income before Income Taxes Related to Foreign and U.S. Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Taxes [Line Items]
income (loss) before income taxes, foreign	$ 5,095	$ 7,320	$ 15,583
(loss) income before income taxes	(28,390)	(325)	10,880
China [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign	7,062	6,998	10,007
Canada [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign	1,516	1,302	4,764
Haiti [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign	(3,483)	(980)	817
Cayman Islands [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign			(5)
United States [Member]
Income Taxes [Line Items]
income (loss) before income taxes, domestic	$ (33,485)	$ (7,645)	$ (4,703)

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)		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Tax Disclosure [Abstract]
U.S. federal income tax rate		21%	21%	21%
valuation allowance		(24.00%)	(56.30%)	78.40%
income tax effects of the 2017 Tax Cuts and Jobs Act				(33.80%)
global intangible low taxed income tax (GILTI)			(540.90%)
foreign tax rate differential		(4.00%)	(206.20%)	10.90%
income tax effects of Chinese foreign exchange gains and losses		(0.90%)	(20.60%)	(8.40%)
withholding taxes associated with foreign tax jurisdictions		(2.40%)	(172.80%)	7.70%
uncertain income tax positions		(0.30%)	105.40%	1.60%
U.S. state income taxes		0.60%	21.50%	0.30%
stock-based compensation		(0.30%)	(3.30%)	0.30%
gain on bargain purchase				(1.60%)
other	[1]	(0.70%)	(35.80%)	(5.70%)
Consolidated Effective Income Tax Rate	[2],[3]	(11.00%)	(888.00%)	70.70%
[1] “Other” for all periods presented represents miscellaneous adjustments that pertain to U.S. permanent differences such as meals and entertainment and income tax provision to return adjustments. During fiscal 2023, we incurred a significantly higher consolidated pre-tax loss totaling $( 28.4 ) million, compared with a much lower consolidated pre-tax loss totaling $( 325,000 ) during fiscal 2022 and pre-tax income totaling $ 10.9 million during fiscal 2021. 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 for fiscal 2022 and 2021, compared with fiscal 2023. Our consolidated effective income tax rate during fiscal 2023 was much more negatively affected by the mix of earnings and losses between our U.S. operations and foreign subsidiaries, as compared with fiscal 2022 and 2021. During fiscal 2023, we incurred a significantly higher pre-tax loss from our U.S. operations totaling $( 33.5 ) million, compared with $( 7.6 ) million and $( 4.7 ) million for fiscal 2022 and 2021, respectively. 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 fiscal 2023, as compared with fiscal 2022 and 2021. In addition, almost all of our taxable income for each of fiscal 2023, 2022, and 2021 was earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S.

Income Taxes - Differences Be_2

Income Taxes - Differences Between Income Tax Expense from Continuing Operations at Federal Income Tax Rate and Effective Income Tax Rate (Parenthetical) (Details) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Taxes [Line Items]
Pre-tax income (loss)	$ (28,390,000)	$ (325,000)	$ 10,880,000
United States [Member]
Income Taxes [Line Items]
Pre-tax income (loss)	$ (33,500,000)	$ (7,600,000)	$ (4,700,000)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($)		Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
deferred tax assets:
accounts receivable		$ 297,000	$ 227,000
inventories		3,277,000	2,020,000
compensation		2,676,000	2,437,000
liabilities and other		5,000	28,000
intangible assets and goodwill		395,000	536,000
property, plant, and equipment	[1]	179,000	199,000
operating lease liability		781,000	1,297,000
foreign income tax credits - U.S.		783,000	783,000
loss carryforwards – U.S.		13,564,000	8,373,000
valuation allowance - U.S.		(18,675,000)	(11,857,000)	$ (11,674,000)	$ (3,148,000)
total deferred tax assets		3,282,000	4,043,000
deferred tax liabilities:
undistributed earnings on foreign subsidiaries		(4,213,000)	(3,586,000)
property, plant and equipment	[2]	(3,450,000)	(4,292,000)
right of use assets		964,000	1,520,000
other		129,000	121,000
total deferred tax liabilities		(8,756,000)	(9,519,000)
Net deferred liabilities		$ (5,474,000)	$ (5,476,000)
[1] Pertains to the company’s operations located in China. Pertains to the company’s operations located in the U.S. and Canada.

Income Taxes - Deferred Income

Income Taxes - Deferred Income Taxes - Narrative (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022
Income Taxes [Line Items]
foreign income tax credits - U.S.	$ 783,000	$ 783,000
U.S. foreign income tax credits, expiration period	10 years
U.S. Federal Tax Authorities [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 48,200,000
Operating loss carryforwards, related future tax benefits	10,100,000
U.S. State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	27,200,000
Operating loss carryforwards, related future tax benefits	$ 1,000,000
U.S. State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2024
U.S. State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2044
U.S. Foreign [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2026
U.S. Foreign [Member] | Latest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2028

Income Taxes - GILTI - Narrativ

Income Taxes - GILTI - Narrative (Detail) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Aug. 02, 2020	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Taxes [Line Items]
U.S. federal income tax rate			21%	21%	21%
Income tax charge (Benefit)			$ 3,130	$ 2,886	$ 7,693
Effective income tax rate	[1],[2]		(11.00%)	(888.00%)	70.70%
GILTI [Member]
Income Taxes [Line Items]
Non-cash income tax benefit		$ 3,600			$ 3,600
GILTI [Member] | Valuation Allowance, Net Deferred Tax Assets [Member]
Income Taxes [Line Items]
Income tax charge (Benefit)		$ 7,000			$ 7,000
GILTI [Member] | China [Member]
Income Taxes [Line Items]
Minimum effective income tax rate required to meet the high-tax exception provision				18.90%
Income tax charge (Benefit)				$ 1,800
GILTI [Member] | China [Member] | Valuation Allowance, Net Deferred Tax Assets [Member]
Income Taxes [Line Items]
Income tax charge (Benefit)				$ (1,800)
GILTI [Member] | Canada [Member]
Income Taxes [Line Items]
Minimum effective income tax rate required to meet the high-tax exception provision				18.90%
GILTI [Member] | Haiti [Member]
Income Taxes [Line Items]
Minimum effective income tax rate required to meet the high-tax exception provision				18.90%
Effective income tax rate				0%
GILTI [Member] | Haiti [Member] | Economic Zone
Income Taxes [Line Items]
Effective income tax rate				0%
Income tax rate exemption for available period				first fifteen years
Income tax rate exemption for remaining period				9 years
GILTI [Member] | High Tax Exception
Income Taxes [Line Items]
Minimum percentage of high tax exception foreign effective income tax rate to current year earnings of us federal income tax rate			90%	90%	90%
U.S. federal income tax rate			21%	21%	21%
Minimum effective income tax rate required to meet the high-tax exception provision			18.90%	18.90%	18.90%
[1] During fiscal 2023, we incurred a significantly higher consolidated pre-tax loss totaling $( 28.4 ) million, compared with a much lower consolidated pre-tax loss totaling $( 325,000 ) during fiscal 2022 and pre-tax income totaling $ 10.9 million during fiscal 2021. 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 for fiscal 2022 and 2021, compared with fiscal 2023. Our consolidated effective income tax rate during fiscal 2023 was much more negatively affected by the mix of earnings and losses between our U.S. operations and foreign subsidiaries, as compared with fiscal 2022 and 2021. During fiscal 2023, we incurred a significantly higher pre-tax loss from our U.S. operations totaling $( 33.5 ) million, compared with $( 7.6 ) million and $( 4.7 ) million for fiscal 2022 and 2021, respectively. 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 fiscal 2023, as compared with fiscal 2022 and 2021. In addition, almost all of our taxable income for each of fiscal 2023, 2022, and 2021 was earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S.

Income Taxes - Deferred Incom_2

Income Taxes - Deferred Income Taxes - Valuation Allowance - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Aug. 02, 2020	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Taxes [Line Items]
Income tax charge		$ 3,130	$ 2,886	$ 7,693
Valuation Allowance, Net Deferred Tax Assets [Member] | GILTI [Member]
Income Taxes [Line Items]
Income tax charge	$ 7,000			$ 7,000

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against U.S. Net Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Valuation Allowance [Line Items]
Valuation allowance	$ 18,675	$ 11,857	$ 11,674	$ 3,148
U.S. Capital Loss Carry Forwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,330	2,330
U.S. Federal and State [Member] | Deferred Income Tax Assets [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 16,345	$ 9,527

Income Taxes - Summary of Chang

Income Taxes - Summary of Change in Valuation Allowances Against U.S. Net Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Tax Disclosure [Abstract]
beginning balance		$ 11,857	$ 11,674	$ 3,148
change in judgement of beginning of year U.S. valuation allowance	[1]			6,964
change in valuation allowance associated with current year earnings		7,252	1,640	1,004
change in estimate during current year	[2]	(434)	(1,457)	558
ending balance		$ 18,675	$ 11,857	$ 11,674
[1] Refer to the above "Assessment" subsection within the section titled Deferred Income Taxes – Valuation Allowance for further details regarding our assessment and conclusions reached for providing a full valuation allowance against our U.S net deferred income tax assets during the first quarter of fiscal 2021. Amounts represent changes in our U.S. net deferred income tax asset balances during the current year that pertain to (i) income tax provision to return adjustments, (ii) changes in estimates of our U.S. effective income tax rate that pertain to U.S. state income tax rates and apportionment percentages, (iii) recognition of an uncertain income tax position due to the expiration of statute of limitations, (iv) expiration of certain U.S. state loss carryforwards, and (v) other immaterial items.

Income Taxes - Deferred Incom_3

Income Taxes - Deferred Income Taxes - Undistributed Earnings from Foreign Subsidiaries - Narrative (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022
Income Tax Disclosure [Abstract]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100%	100%
Dividends received deduction, foreign corporation ownership percentage	10%	10%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 4,213	$ 3,586

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Tax Disclosure [Abstract]
beginning balance	$ 1,101	$ 1,444	$ 1,269
increases from prior period tax positions	175	114	249
decreases from prior period tax positions	(97)	(77)	(74)
lapse of applicable statute of limitations		(380)
ending balance	$ 1,179	$ 1,101	$ 1,444

Income Taxes - Uncertainty in I

Income Taxes - Uncertainty in Income Taxes - Narrative (Detail) - USD ($)	Apr. 30, 2023	May 01, 2022	May 02, 2021	May 03, 2020
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,179,000	$ 1,101,000	$ 1,444,000	$ 1,269,000
Unrecognized tax benefits that would favorably impact effective income tax expense if recognized	1,200,000	1,100,000
Gross amount of interest and penalties due to unrecognized tax benefits	$ 239,000	$ 185,000

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Taxes Paid (Refunded) (Detail) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Nov. 01, 2020	Apr. 30, 2023	May 01, 2022	May 02, 2021
Income Taxes [Line Items]
United States federal - Alternative Minimum Tax (AMT) credit refunds		$ 1,500
Total income tax payments, net			$ 2,324	$ 3,100	$ 2,998
Domestic Tax Authority | United States [Member]
Income Taxes [Line Items]
United States federal - Alternative Minimum Tax (AMT) credit refunds	[1]				(1,510)
United States Transition Tax Payment			265	266	226
Foreign Tax Authority | China [Member]
Income Taxes [Line Items]
Total income tax payments, net			1,831	2,036	2,076
China - Withholding Taxes Associated with Earnings and Profits Distribution to U.S. Parent				487	798
Foreign Tax Authority | Canada [Member]
Income Taxes [Line Items]
Total income tax payments, net			$ 228	$ 311	$ 1,408
[1] In accordance with the provisions of the TCJA, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable. We received refunds totaling $ 1.5 million in two separate installments totaling $ 746,000 and $ 764,000 during the first and second quarters of fiscal 2021, respectively.

Income Taxes - Summary of Inc_2

Income Taxes - Summary of Income Taxes Paid (Refunded) (Parenthetical) (Detail)	3 Months Ended		6 Months Ended
	Nov. 01, 2020 USD ($)	Aug. 02, 2020 USD ($)	Nov. 01, 2020 USD ($) Installment
Income Tax Disclosure [Abstract]
United States federal - Alternative Minimum Tax (AMT) credit refunds			$ 1,500,000
Number of separate installments | Installment			2
AMT credit carryforward remaining refundable balance amount received	$ 764,000	$ 746,000

Commitments and Contingencies -

Commitments and Contingencies - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022
Assets And Liabilities Lessee [Abstract]
Right of use assets	$ 8,191	$ 15,577
Operating lease liability - current	2,640	3,219
Operating lease liability - noncurrent	$ 3,612	$ 7,062

Commitments and Contingencies_2

Commitments and Contingencies - Operating Leases of Lessee Disclosure (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 2,497	$ 2,954	$ 2,634
Right of use assets exchanged for lease liabilities	$ 731	$ 3,762	$ 8,014

Commitments and Contingencies_3

Commitments and Contingencies - Narrative (Detail)		12 Months Ended
	Mar. 23, 2023 ft²	Apr. 30, 2023 USD ($)	May 01, 2022 USD ($)	May 02, 2021 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Area of facility | ft²	63,522
leasehold improvements		$ 2,368,000	$ 3,474,000
Accounts payable for capital expenditures		56,000	473,000
Mattress Fabrics [Member]
Commitments and Contingencies Disclosure [Line Items]
Rental payments		123,000	148,000	$ 151,000
leasehold improvements		67,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment		629,000
Continuing Operation [Member]
Commitments and Contingencies Disclosure [Line Items]
Operating lease costs		3,600,000	3,900,000	2,900,000
Short-term lease costs		$ 44,000	$ 68,000	$ 55,000

Commitments and Contingencies_4

Commitments and Contingencies - Weighted Average Lease Term and Discount Rate (Detail)	Apr. 30, 2023	May 01, 2022
Lessee Disclosure [Abstract]
Weighted average lease term	3 years 10 months 13 days	3 years 3 months 14 days
Weighted average discount rate	3.58%	1.77%

Commitments and Contingencies_5

Commitments and Contingencies - Lessee Operating Lease Liability Maturity (Detail) $ in Thousands	Apr. 30, 2023 USD ($)
Lessee Disclosure [Abstract]
2024	$ 2,698
2025	1,890
2026	603
2027	343
2028	225
Thereafter	804
Total	6,563
Less: interest	(311)
Present value of lease liabilities	$ 6,252

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021	Sep. 16, 2015
Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 759,000
Weighted average period over which unrecognized compensation cost is expected to be recognized	1 year 6 months
Fair value of units expected to vest	$ 1,600,000
Selling, General and Administrative Expenses [Member] | Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	808,000	$ 893,000	$ 614,000
Selling, General and Administrative Expenses [Member] | Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2,000	(81,000)	357,000
Selling, General and Administrative Expenses [Member] | Common Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 335,000	$ 321,000	$ 280,000
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	224,266

Stock-Based Compensation - Time

Stock-Based Compensation - Time Based Restricted Stock Unit Activity (Detail) - Time Vested Restricted Stock Awards [Member] - shares		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
outstanding at beginning of year		210,284	174,295	44,399
granted		119,687	37,991	129,896
vested	[1]	(32,799)
forfeited		(11,346)	(2,002)
outstanding at end of year		285,826	210,284	174,295
[1] During fiscal 2023, time-based restricted stock units totaling 32,799 vested at a fair value of $ 167,000 , or $ 5.10 per share.

Stock-Based Compensation - Ti_2

Stock-Based Compensation - Time Based Restricted Stock Unit Activity (Parenthetical) (Details) - Time Vested Restricted Stock Awards [Member]	12 Months Ended
	Apr. 30, 2023 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
vested | shares	(32,799)	[1]
Fair value | $	$ 167,000
Price per share | $ / shares	$ 5.10
[1] During fiscal 2023, time-based restricted stock units totaling 32,799 vested at a fair value of $ 167,000 , or $ 5.10 per share.

Stock-Based Compensation - Summ

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] - $ / shares						12 Months Ended
		Sep. 06, 2022	Aug. 10, 2022	Jul. 22, 2021	Aug. 06, 2020	Apr. 30, 2023	May 01, 2022	May 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awarded						119,687	37,991	129,896
Senior Executives and Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awarded		37,671	82,016	37,991	129,896
Price Per Share	[1]	$ 4.58	$ 5.06	$ 14.75	$ 11.01
Vesting Period			3 years	3 years	3 years
Minimum [Member] | Senior Executives and Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		1 year
Maximum [Member] | Senior Executives and Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period		3 years
[1] Price per share represents closing price of our common stock on the date the respective award was granted.

Stock-Based Compensation - Su_2

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_3

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]
Restricted Stock 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]
Restricted Stock 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 award agreements. Performance-based restricted stock units awarded to certain 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 certain 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_4

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 multiple to closing price per share	$ 1.14	$ 1.08
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_5

Stock-Based Compensation - Summary of Vested Performance Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[1]	545	5,051	3,277
Weighted Average Fair Value	[1],[2]	$ 3	$ 87	$ 33
Price Per Share	[1],[3]	$ 5.10	$ 17.14	$ 9.96
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[4]	437	5,812	3,710
Weighted Average Fair Value	[2],[4]	$ 2	$ 100	$ 37
Price Per Share	[3],[4]	$ 5.10	$ 17.14	$ 9.96
[1] Performance-based restricted stock units vested for senior executives. Dollar amounts are in thousands. Price per share is derived from the closing prices of our common stock on the dates the respective performance-based restricted stock units vested. Performance-based restricted stock units vested for key employees.

Stock-Based Compensation - Su_6

Stock-Based Compensation - Summary of Grants of Common Stock to Outside Directors (Detail) - Common Stock Awards [Member] - Outside Directors [Member] - Immediate Vesting [Member] - $ / shares	1 Months Ended						4 Months Ended						7 Months Ended						10 Months Ended
	Apr. 30, 2023		May 01, 2022		May 02, 2021		Apr. 30, 2023		May 01, 2022		May 02, 2021		Apr. 30, 2023		May 01, 2022		May 02, 2021		Apr. 30, 2023		May 01, 2022		May 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock Awarded	15,832		10,562		4,467		17,819		8,357		4,563		18,326		6,426		5,193		19,753		4,312		7,000
Price Per Share	$ 5.29	[1]	$ 7.93	[1]	$ 15.67	[1]	$ 4.70	[2]	$ 10.02	[1]	$ 15.34	[1]	$ 4.57	[2]	$ 13.03	[1]	$ 13.48	[1]	$ 4.24	[2]	$ 16.24	[1]	$ 10	[1]
[1] Price per share represents the closing price of our common stock on the date of grant. Price per share represents closing price of our common stock on the date of grant.

Fair Value - Recurring Basis (D

Fair Value - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2023	May 01, 2022
U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	$ 7,649	$ 8,683
Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	528	435
Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	86	81
Other [Member]
Assets:
Investments at fair value	208	158
Quoted prices in active markets for identical assets - Level 1 [Member] | U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	7,649	8,683
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	528	435
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	86	81
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 208	$ 158

Fair Value - Nonrecurring Basis

Fair Value - Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - CIH [Member] $ in Thousands	Feb. 01, 2021 USD ($)
Assets:
Right of use assets	$ 2,544
Equipment and leasehold improvements	846
Inventory	31
Significant Other Observable Inputs - Level 2 [Member]
Assets:
Right of use assets	2,544
Significant Unobservable Inputs - Level 3 [Member]
Assets:
Equipment and leasehold improvements	846
Inventory	$ 31

Fair Value - Narrative (Detail)

Fair Value - Narrative (Detail) - USD ($)	Apr. 30, 2023	Jan. 29, 2023
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Fair value of right of use assets held for sale		$ 2,000,000
Note receivable total	$ 1,900,000
Short-term note receivable	219,000
Long-term note receivable	1,726,000
Impairment charges of tradename	$ 0

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	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Earnings Per Share [Abstract]
weighted-average common shares outstanding, basic	12,283	12,242	12,300
dilutive effect of stock-based compensation			22
weighted-average common shares outstanding, diluted	12,283	12,242	12,322

Net (Loss) Income Per Share -_2

Net (Loss) Income Per Share - Schedule of Unvested Common Stock not Included in the Computation of Diluted Net (Loss) Income Per Share (Detail) - shares shares in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Earnings Per Share [Abstract]
antidilutive effect from decrease in the price per share of our common stock	25	18	2
antidilutive effect from net loss incurred during the fiscal year	88	86
total unvested shares of common stock not included in computation of diluted net (loss) income per share	113	104	2

Benefit Plans (Detail)

Benefit Plans (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Retirement Benefits [Abstract]
Contributions to defined contribution plans	$ 1,200,000	$ 1,300,000	$ 1,200,000
Contributions to nonqualified deferred compensation plan	215,000	212,000	$ 143,000
deferred compensation	8,200,000	9,300,000
long-term investments - rabbi trust	$ 8,500,000	$ 9,400,000

Segment Information - Narrative

Segment Information - Narrative (Detail)	12 Months Ended
	Apr. 30, 2023 Customer Segment	May 01, 2022 Customer	May 02, 2021 Customer
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Concentration risk, labor subject to collective bargaining arrangements	The hourly employees associated with our manufacturing facility located in Canada (approximately 11% of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expires on February 1, 2026. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good.
Canada [Member]
Segment Reporting Information [Line Items]
Percentage of manufacturing facility workforce	11%
Currency Concentration Risk [Member] | Net Sales [Member] | USD [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	91%	90%	91%
Geographic Concentration Risk [Member] | Net Sales [Member] | International [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	29%	31%	27%
Customer Concentration Risk [Member] | Net Sales [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	15%	13%	13%
Number of major customers	1	1	1
Customer Concentration Risk [Member] | Net Sales [Member] | Mattress Fabrics [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10%	10%	10%
Number of major customers	0	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Upholstery Fabrics [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10%	10%
Number of major customers	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10%	10%
Number of major customers	0	0

Segment Information - Internati

Segment Information - International Net Sales (Detail) - USD ($) $ in Thousands		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales		$ 234,934	$ 294,839	$ 299,720
North America (Excluding USA) [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	[1]	29,756	39,256	32,925
Far East and Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	[2]	31,339	43,015	43,764
All Other Areas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales		8,032	8,114	5,558
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales		$ 69,127	$ 90,385	$ 82,247
[1] Of this amount, $ 24.9 million, $ 33.5 million, and $ 27.2 million are attributable to shipments to Mexico in fiscal 2023, 2022, and 2021, respectively. Of this amount $ 20.0 million, $ 26.9 million, and $ 28.1 million are attributable to shipments to China in fiscal 2023, 2022, and 2021, respectively

Segment Information - Interna_2

Segment Information - International Net Sales (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	$ 234,934	$ 294,839	$ 299,720
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	24,900	33,500	27,200
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	$ 20,000	$ 26,900	$ 28,100

Segment Information - Statement

Segment Information - Statement of Operations for Business Segments (Detail) - USD ($)		12 Months Ended
		Apr. 30, 2023	May 01, 2022	May 02, 2021
Segment Reporting Information [Line Items]
net sales		$ 234,934,000	$ 294,839,000	$ 299,720,000
gross (loss) profit		10,896,000	36,093,000	49,832,000
restructuring related charge	[1]	(98,000)
Selling, general and administrative expenses		37,978,000	35,415,000	37,756,000
(loss) income from operations		(28,478,000)	678,000	12,076,000
Restructuring expense	[2]	(1,396,000)
interest expense			(17,000)	(51,000)
interest income		531,000	373,000	244,000
gain on bargain purchase	[3]			819,000
other expense		(443,000)	(1,359,000)	(2,208,000)
(loss) income before income taxes		(28,390,000)	(325,000)	10,880,000
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales		110,995,000	152,159,000	157,671,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales		123,939,000	142,680,000	142,049,000
Restructuring expense		(1,400,000)
Business Segments [Member]
Segment Reporting Information [Line Items]
gross (loss) profit		10,994,000	36,093,000	49,832,000
(loss) income from operations		(26,984,000)	678,000	12,076,000
Business Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales		110,995,000	152,159,000	157,671,000
gross (loss) profit		(6,739,000)	16,458,000	23,864,000
Selling, general and administrative expenses		11,942,000	12,246,000	12,066,000
(loss) income from operations		(18,681,000)	4,212,000	11,798,000
Business Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales		123,939,000	142,680,000	142,049,000
gross (loss) profit		17,733,000	19,635,000	25,968,000
Selling, general and administrative expenses		15,739,000	14,009,000	14,092,000
(loss) income from operations		1,994,000	5,626,000	11,876,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Selling, general and administrative expenses		10,297,000	9,160,000	11,598,000
(loss) income from operations		$ (10,297,000)	$ (9,160,000)	$ (11,598,000)
[1] Cost of sales for fiscal 2023 includes a restructuring related charge totaling $ 98,000 , which pertained to a loss on disposal and markdowns of inventory related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs. Effective February 1, 2021, we acquired the remaining fifty percent ownership interest in our former unconsolidated joint venture located in Haiti. Pursuant to this transaction, we are now the sole owner with full control over this operation. The gain on bargain purchase represents the net assets acquired from this transaction that exceeded the fair value of our previously held 50 % ownership interest of $ 1.7 million and the $ 954,000 total purchase price for the remaining 50% ownership interest.

Segment Information - Stateme_2

Segment Information - Statement of Operations for Business Segments (Parenthetical) (Detail) - USD ($)			12 Months Ended
		Feb. 01, 2021	Apr. 30, 2023	May 02, 2021	Jan. 01, 2017
Segment Reporting Information [Line Items]
Restructuring expense	[1]		$ 1,396,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring expense			1,400,000
Restructuring expense, other associated costs			51,000
Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Segment Reporting Information [Line Items]
Restructuring expense			507,000
Upholstery Fabrics [Member] | Lease Termination Costs [Member]
Segment Reporting Information [Line Items]
Restructuring expense			481,000
Upholstery Fabrics [Member] | Leasehold Improvements Impairment Loss [Member]
Segment Reporting Information [Line Items]
Restructuring expense			357,000
Upholstery Fabrics [Member] | China [Member]
Segment Reporting Information [Line Items]
Loss on disposal			$ 98,000
CIH [Member]
Segment Reporting Information [Line Items]
Acquisition of additional ownership percentage		50%		50%	50%
Fair value of previously held ownership interest		$ 1,700,000
Payments to acquire additional ownership interest		$ 954,000
CIH [Member]
Segment Reporting Information [Line Items]
Equity method investment, ownership percentage					50%
[1] Restructuring expense totaling $ 1.4 million for fiscal 2023 relates to both our restructuring activities for our cut and sew upholstery fabrics operations (i) located in Shanghai, China, which occurred during the second quarter of fiscal 2023, and (ii) located in Ouanaminthe, Haiti, which occurred during the third and fourth quarters of fiscal 2023. Restructuring expense represents employee termination benefits of $ 507,000 , lease termination costs of $ 481,000 , impairment losses totaling $ 357,000 that relate to leasehold improvements and equipment, and $ 51,000 for other associated costs.

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Segment Reporting Information [Line Items]
accounts receivable, net	$ 24,778,000	$ 22,226,000
inventory	45,080,000	66,557,000
property, plant, and equipment	36,111,000	41,702,000
right of use assets	8,191,000	15,577,000
total assets	152,183,000	177,563,000
cash and cash equivalents	20,964,000	14,550,000
short-term investments - rabbi trust	1,404,000
short-term note receivable	219,000
current income taxes receivable		857,000
other current assets	3,071,000	2,986,000
long-term note receivable	1,726,000
deferred income taxes	480,000	528,000
intangible assets	2,252,000	2,628,000
long-term investments - rabbi trust	7,067,000	9,357,000
other assets	840,000	595,000
capital expenditures	1,689,000	5,821,000	$ 6,905,000
depreciation	6,845,000	6,994,000	6,846,000
Business Segments [Member]
Segment Reporting Information [Line Items]
total assets	110,204,000	141,137,000
depreciation	6,845,000	6,994,000	6,846,000
Business Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
accounts receivable, net	12,396,000	9,865,000
inventory	25,674,000	39,028,000
property, plant, and equipment	33,749,000	38,731,000
right of use assets	2,308,000	3,469,000
total assets	74,127,000	91,093,000
capital expenditures	1,125,000	3,383,000	6,226,000
depreciation	6,050,000	6,200,000	6,014,000
Business Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
accounts receivable, net	12,382,000	12,361,000
inventory	19,406,000	27,529,000
property, plant, and equipment	1,671,000	2,030,000
right of use assets	2,618,000	8,124,000
total assets	36,077,000	50,044,000
capital expenditures	467,000	1,032,000	347,000
depreciation	795,000	794,000	832,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	691,000	941,000
right of use assets	3,265,000	3,984,000
total assets	152,183,000	177,563,000
cash and cash equivalents	20,964,000	14,550,000
short-term investments - rabbi trust	1,404,000
short-term note receivable	219,000
current income taxes receivable		857,000
other current assets	3,071,000	2,986,000
long-term note receivable	1,726,000
deferred income taxes	480,000	528,000
intangible assets	2,252,000	2,628,000
long-term investments - rabbi trust	7,067,000	9,357,000
other assets	840,000	595,000
capital expenditures	$ 97,000	$ 1,406,000	$ 332,000

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($)	Apr. 30, 2023	May 01, 2022
Segment Reporting Information [Line Items]
property, plant, and equipment	$ 36,111,000	$ 41,702,000
Right of use assets	8,191,000	15,577,000
Business Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	33,749,000	38,731,000
Right of use assets	2,308,000	3,469,000
Business Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	1,671,000	2,030,000
Right of use assets	2,618,000	8,124,000
Business Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	22,700,000	25,600,000
Right of use assets		1,200,000
Business Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	974,000	1,000,000
Right of use assets	1,100,000	1,800,000
Business Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	10,400,000	12,400,000
Right of use assets	776,000	291,000
Business Segments [Member] | Haiti [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	608,000	757,000
Right of use assets	1,500,000	2,000,000
Business Segments [Member] | Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	592,000	756,000
Right of use assets		2,600,000
Business Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	105,000	255,000
Right of use assets	1,500,000	3,700,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	691,000	941,000
Right of use assets	3,265,000	3,984,000
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	691,000	941,000
Right of use assets	$ 3,300,000	$ 4,000,000

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subisidiary [Member] - China [Member] $ in Millions	12 Months Ended
	Apr. 30, 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	$ 4.2
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 ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021	Mar. 31, 2020
Stockholders Equity Note [Line Items]
Cost of common stock repurchase		$ 1,752,000
Common Stock [Member]
Stockholders Equity Note [Line Items]
Common stock repurchased	0	121,688	0
Cost of common stock repurchase		$ 6,000
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) - USD ($)	12 Months Ended
	Apr. 30, 2023	May 01, 2022	May 02, 2021
Dividends [Line Items]
Cash dividends paid		$ 5,511,000	$ 5,292,000
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividends paid	$ 0	$ 5,500,000	$ 5,300,000
Minimum [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend payment, per share		$ 0.11	$ 0.105
Maximum [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend payment, per share		$ 0.115	$ 0.11