Culp (CULP) 10-Q 8 Dec 23 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Oct. 29, 2023	Dec. 06, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 29, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Trading Symbol	CULP
Entity Common Stock, Shares Outstanding		12,469,903
Entity File Number	1-12597
Entity Tax Identification Number	56-1001967
Entity Address, Address Line One	1823 Eastchester Drive
Entity Address, City or Town	High Point
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27265-1402
City Area Code	336
Local Phone Number	889-5161
Entity Incorporation State Country Code	NC
Title of 12(b) Security	Common Stock, par value $.05/ Share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET LOSS - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022
Income Statement [Abstract]
Net sales	$ 58,725		$ 58,381		$ 115,387		$ 120,985
Cost of sales	(50,775)		(60,594)		(100,352)		(119,071)
Gross profit (loss)	7,950		(2,213)		15,035		1,914
Selling, general and administrative expenses	(10,045)		(9,103)		(19,874)		(17,968)
Restructuring expense	(144)	[1]	(615)	[1]	(482)	[2]	(615)	[2]
Loss from operations	(2,239)		(11,931)		(5,321)		(16,669)
Interest income	282		79		627		96
other income	49		829		145		747
Loss before income taxes	(1,908)		(11,023)		(4,549)		(15,826)
Income tax expense	(516)		(1,150)		(1,217)		(2,046)
Net (loss) income	$ (2,424)		$ (12,173)		$ (5,766)		$ (17,872)
Net (loss) income per share - basic	$ (0.19)		$ (0.99)		$ (0.47)		$ (1.46)
Net (loss) income per share - diluted	$ (0.19)		$ (0.99)		$ (0.47)		$ (1.46)
Average shares outstanding, basic	12,456,000		12,280,000		12,394,000		12,259,000
Average shares outstanding, diluted	12,456,000		12,280,000		12,394,000		12,259,000
[1] Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Consolidated Statements of Comprehensive (Loss) Income
Net loss	$ (2,424)	$ (12,173)	$ (5,766)	$ (17,872)
Unrealized holding loss on investments, net of tax	(82)	(46)	(25)	(53)
Comprehensive loss	$ (2,506)	$ (12,219)	$ (5,791)	$ (17,925)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 29, 2023	Apr. 30, 2023		Oct. 30, 2022
Current assets:
Cash and cash equivalents	$ 15,214,000	$ 20,964,000	[1]	$ 19,137,000
Short-term investments - rabbi trust	937,000	1,404,000	[1]	2,237,000
Accounts receivable, net	23,036,000	24,778,000	[1]	22,443,000
Inventories	44,465,000	45,080,000	[1]	52,224,000
Short-term note receivable	256,000	219,000	[1]
Current income taxes receivable	340,000			510,000
Other current assets	4,346,000	3,071,000	[1]	3,462,000
Total current assets	88,594,000	95,516,000	[1]	100,013,000
Property, plant and equipment, net	34,664,000	36,111,000	[1]	38,832,000
Right of use assets	6,874,000	8,191,000	[1]	11,609,000
Intangible assets	2,064,000	2,252,000	[1]	2,440,000
Long-term investments - rabbi trust	6,995,000	7,067,000	[1]	7,526,000
Long-term note receivable	1,596,000	1,726,000	[1]
Deferred income taxes	472,000	480,000	[1]	493,000
Other assets	901,000	840,000	[1]	717,000
Total assets	142,160,000	152,183,000	[1]	161,630,000
Current liabilities:
Accounts payable - trade	27,903,000	29,442,000	[1]	24,298,000
Accounts payable - capital expenditures	298,000	56,000	[1]	200,000
Operating lease liability - current	2,540,000	2,640,000	[1]	2,655,000
Deferred compensation - current	937,000	1,404,000	[1]	2,237,000
Deferred revenue	853,000	1,192,000	[1]	1,527,000
Accrued expenses	8,106,000	8,533,000	[1]	7,594,000
Accrued restructuring costs				33,000
Income taxes payable - current	998,000	753,000	[1]	969,000
Total current liabilities	41,635,000	44,020,000	[1]	39,513,000
Operating lease liability - noncurrent	2,431,000	3,612,000	[1]	4,194,000
Income taxes payable - long-term	2,055,000	2,675,000	[1]	2,629,000
Deferred income taxes	5,663,000	5,954,000	[1]	5,700,000
Deferred compensation - long-term	6,748,000	6,842,000	[1]	7,486,000
Total liabilities	58,532,000	63,103,000	[1]	59,522,000
Commitments and Contingencies (Notes 10, 16, and 17)
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,469,903 at October 29, 2023; 12,293,762 at October 30, 2022, and 12,327,414 at April 30, 2023	624,000	616,000	[1]	615,000
Capital contributed in excess of par value	44,581,000	44,250,000	[1]	43,671,000
Accumulated earnings	38,429,000	44,195,000	[1]	57,843,000
Accumulated other comprehensive (loss) income	(6,000)	19,000	[1]	(21,000)
Total shareholders' equity	83,628,000	89,080,000	[1]	102,108,000
Total liabilities and shareholders' equity	$ 142,160,000	$ 152,183,000	[1]	$ 161,630,000
[1] Derived from audited consolidated financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 29, 2023	Apr. 30, 2023	[1]	Oct. 30, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.05	$ 0.05		$ 0.05
Preferred stock, authorized shares	10,000,000	10,000,000		10,000,000
Common stock, par value	$ 0.05	$ 0.05		$ 0.05
Common stock, authorized shares	40,000,000	40,000,000		40,000,000
Common stock, issued	12,469,903	12,327,414		12,293,762
Common stock, outstanding	12,469,903	12,327,414		12,293,762
[1] Derived from audited consolidated financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Cash flows from operating activities:
Net loss	$ (5,766)	$ (17,872)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation	3,251	3,489
Non-cash inventory (credits) charges	(2,001)	6,439
Amortization	193	214
Stock-based compensation	485	565
Deferred income taxes	(283)	(269)
Gain sale of equipment	(278)	(232)
Non-cash restructuring expenses	379
Foreign currency exchange gain	(697)	(1,168)
Changes in assets and liabilities:
Accounts receivable	1,644	(443)
Inventories	2,304	7,192
Other current assets	(1,355)	(728)
Other assets	(123)	58
Accounts payable – trade	(495)	6,027
Deferred revenue	(339)	1,007
Accrued restructuring costs		33
Accrued expenses and deferred compensation	(762)	1,254
Income taxes	(633)	601
Net cash (used in) provided by operating activities	(4,476)	6,167
Cash flows from investing activities:
Capital expenditures	(1,972)	(1,051)
Proceeds from the sale of equipment	309	465
Proceeds from note receivable	150
Proceeds from the sale of investments (rabbi trust)	986	46
Purchase of investments (rabbi trust)	(472)	(505)
Net cash used in investing activities	(999)	(1,045)
Cash flows from financing activities:
Common stock surrendered for withholding taxes payable	(146)	(33)
Payments of debt issuance costs		(206)
Net cash used in financing activities	(146)	(239)
Effect of exchange rate changes on cash and cash equivalents	(129)	(296)
(Decrease) increase in cash and cash equivalents	(5,750)	4,587
Cash and cash equivalents at beginning of year	20,964	14,550
Cash and cash equivalents at end of period	$ 15,214	$ 19,137

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 Income
Balance at May. 01, 2022	[1]	$ 119,501		$ 611		$ 43,143		$ 75,715		$ 32
Balance (in shares) at May. 01, 2022	[1]			12,228,629
Net loss		(5,699)						(5,699)
Stock-based compensation		252				252
Unrealized gain (loss) on investments		(7)								(7)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)				913
Common stock issued in connection with the vesting of time-based restricted stock units				$ 2		(2)
Common stock issued in connection with the vesting of time-based restricted stock units (in shares)				32,199
Common stock surrendered in connection with payroll withholding taxes		(52)				(52)
Common stock surrendered in connection with payroll withholding taxes (in shares)				(6,708)
Immediately vested common stock award				$ 1		(1)
Immediately vested common stock award, (in shares)				19,753
Balance at Jul. 31, 2022		113,995		$ 614		43,340		70,016		25
Balance (in shares) at Jul. 31, 2022				12,274,786
Balance at May. 01, 2022	[1]	119,501		$ 611		43,143		75,715		32
Balance (in shares) at May. 01, 2022	[1]			12,228,629
Net loss		(17,872)
Balance at Oct. 30, 2022		102,108		$ 615		43,671		57,843		(21)
Balance (in shares) at Oct. 30, 2022				12,293,762
Balance at Jul. 31, 2022		113,995		$ 614		43,340		70,016		25
Balance (in shares) at Jul. 31, 2022				12,274,786
Net loss		(12,173)						(12,173)
Stock-based compensation		313				313
Unrealized gain (loss) on investments		(46)								(46)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)				69
Common stock issued in connection with the vesting of time-based restricted stock units (in shares)				600
Common stock surrendered in connection with payroll withholding taxes		19				19
Common stock surrendered in connection with payroll withholding taxes (in shares)				(20)
Immediately vested common stock award				$ 1		(1)
Immediately vested common stock award, (in shares)				18,327
Balance at Oct. 30, 2022		102,108		$ 615		43,671		57,843		(21)
Balance (in shares) at Oct. 30, 2022				12,293,762
Balance at Apr. 30, 2023		89,080	[2]	$ 616	[3]	44,250	[3]	44,195	[3]	19	[3]
Balance (in shares) at Apr. 30, 2023	[3]			12,327,414
Net loss		(3,342)						(3,342)
Stock-based compensation		322				322
Unrealized gain (loss) on investments		57								57
Immediately vested common stock award				$ 1		(1)
Immediately vested common stock award, (in shares)				16,616
Balance at Jul. 30, 2023		86,117		$ 617		44,571		40,853		76
Balance (in shares) at Jul. 30, 2023				12,344,030
Balance at Apr. 30, 2023		89,080	[2]	$ 616	[3]	44,250	[3]	44,195	[3]	19	[3]
Balance (in shares) at Apr. 30, 2023	[3]			12,327,414
Net loss		(5,766)
Balance at Oct. 29, 2023		83,628		$ 624		44,581		38,429		(6)
Balance (in shares) at Oct. 29, 2023				12,469,903
Balance at Jul. 30, 2023		86,117		$ 617		44,571		40,853		76
Balance (in shares) at Jul. 30, 2023				12,344,030
Net loss		(2,424)						(2,424)
Stock-based compensation		163				163
Unrealized gain (loss) on investments		(82)								(82)
Common stock issued in connection with the vesting of time-based restricted stock units				$ 8		(8)
Common stock issued in connection with the vesting of time-based restricted stock units (in shares)				151,653
Common stock surrendered in connection with payroll withholding taxes		(146)		$ (1)		(145)
Common stock surrendered in connection with payroll withholding taxes (in shares)				(25,780)
Balance at Oct. 29, 2023		$ 83,628		$ 624		$ 44,581		$ 38,429		$ (6)
Balance (in shares) at Oct. 29, 2023				12,469,903
[1] Derived from audited consolidated financial statements. Derived from audited consolidated financial statements. Derived from audited consolidated financial statements.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Oct. 29, 2023
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Culp, Inc. and its majority-owned subsidiaries (the “company”) include all adjustments that are, in the opinion of management, necessary for fair presentation of the results of operations and financial position. All these adjustments are of a normal recurring nature. Results of operations for interim periods may not be indicative of future results. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements that are included in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on July 14, 2023, for the fiscal year ended April 30, 2023. The company’s six-months ended October 29, 2023, and October 30, 2022 , each represent 26-week periods.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Oct. 29, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of October 29, 2023, there were no changes in the nature of our significant accounting policies or the application of those policies from those reported in our annual report on Form 10-K for the year then ended April 30, 2023. Recently Adopted Accounting Pronouncements There were no recently adopted accounting pronouncements during the first half of fiscal 2024. Recently Issued Accounting Pronouncements Effective November 27, 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07 Improvements to Reportable Segment Disclosures which enhances disclosure requirements to segment reporting including (i) significant segment expenses that are regularly provided to the Chief Operating Decision Maker (CODM) that are included within each measure of segment profit or loss, (ii) other segment items by reportable segment as defined by ASU 2023-07, and (iii) the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of each segment's profit or loss in assessing segment performance and deciding how to allocate resources. ASU 2023-07 is effective for public entities starting in annual periods beginning after December 15, 2023 (i.e., our fiscal 2025 annual report) and interim periods beginning after December 15, 2024 (i.e., first quarter of fiscal 2026 interim report). Management is currently evaluating the effects ASU 2023-07 will have on the notes to the consolidated financial statements.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	6 Months Ended
	Oct. 29, 2023
Receivables [Abstract]
Allowance for Doubtful Accounts	3. Allowance for Doubtful Accounts A summary of the activity in the allowance for doubtful accounts follows: Six Months Ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance $ 342 $ 292 Provision for bad debts 228 49 Write-offs, net of recoveries ( 29 ) ( 53 ) Ending balance $ 541 $ 288 During the six-month periods ended October 29, 2023, and October 30, 2022, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customers’ (i) financial position; (ii) past payment history; (iii) management’s general ability; and (iv) historical loss experience; as well as (v) any other ongoing economic conditions. After our risk assessm ent was completed, we assigned credit grades to our customers, which in turn, were used to determine our allowance for doubtful accounts totaling $ 541,000 and $ 288,000 as of October 29, 2023, and October 30, 2022 , respectively.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Oct. 29, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	4 . Revenue from Contracts with Customers Nature of Performance Obligations Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. In addition, the upholstery fabrics segment includes Read Window Products LLC (“Read”), which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. Our primary performance obligations include the sale of mattress fabrics and upholstery fabrics, as well as the performance of customized fabrication and installation services for Read’s products associated with window treatments. Contract Assets & Liabilities Certain contracts, primarily those for customized fabrication and installation services associated with Read, require upfront customer deposits that result in a contract liability which is recorded in the Consolidated Balance Sheets as deferred revenue. Our terms are customary within the industries in which we operate and are not considered financing arrangements. There were no contract assets recognized as of October 29, 2023, October 30, 2022, or April 30, 2023. A summary of the activity associated with deferred revenue follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance $ 1,192 $ 520 Revenue recognized on contract liabilities ( 1,986 ) ( 1,747 ) Payments received for services not yet rendered 1,647 2,754 Ending balance $ 853 $ 1,527 Disaggregation of Revenue The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending October 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 31,377 $ 24,194 $ 55,571 Services transferred over time — 3,154 3,154 Total Net Sales $ 31,377 $ 27,348 $ 58,725 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the six-month period ending October 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 60,599 $ 48,968 $ 109,567 Services transferred over time — 5,820 5,820 Total Net Sales $ 60,599 $ 54,788 $ 115,387 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending October 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 26,230 $ 29,883 $ 56,113 Services transferred over time — 2,268 2,268 Total Net Sales $ 26,230 $ 32,151 $ 58,381 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the six-month period ending October 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 55,602 $ 61,406 $ 117,008 Services transferred over time — 3,977 3,977 Total Net Sales $ 55,602 $ 65,383 $ 120,985

Inventories

Inventories	6 Months Ended
	Oct. 29, 2023
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories are carried at the lower of cost or net realizable value. Cost is determined using the FIFO (first-in, first-out) method. A summary of inventories follows: (dollars in thousands) October 29, October 30, April 30, Raw materials $ 8,433 $ 9,859 $ 7,908 Work-in-process 2,196 3,724 2,602 Finished goods 33,836 38,641 34,570 $ 44,465 $ 52,224 $ 45,080 Measurement of Inventory to Net Realizable Value We recorded a non-cash inventory (credit) charge of $( 1.3 ) million and $ 5.3 million for the three months ended October 29, 2023 and October 30, 2022, respectively. The non-cash inventory credit of $( 1.3 ) million for the three months ended October 29, 2023 represented a $( 1.2 ) million credit related to adjustments made to our inventory markdowns reserve estimated based on our policy for aged inventory for both our mattress and upholstery fabrics segments, as well as a credit of ($ 78,000 ) for the gain on disposal of inventory related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. The non-cash inventory charge of $ 5.3 million for the three months ended October 30, 2022 represented a $ 2.9 million write down of inventory to its net realizable value associated with our mattress fabrics segment, $ 2.3 million related to our inventory markdowns reserve estimated based on our policy for aged inventory for both our mattress and upholstery fabrics segments and a $ 98,000 charge for the loss on disposal and markdowns of inventory related to our exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the $( 1.3 ) million non-cash inventory credit for the second quarter of fiscal 2024, $( 801,000 ) and $( 482,000 ) pertained to our mattress fabrics and upholstery fabrics segments, respectively. Of the $ 5.3 million non-cash inventory charge for the second quarter of 2023, $ 3.8 million and $ 1.5 million pertained to our mattress fabrics and upholstery fabrics segments, respectively. We recorded a non-cash inventory (credit) charge of $( 2.0 ) million and $ 6.4 million for the six months ended October 29, 2023, and October 30, 2022, respectively. The non-cash inventory credit of $( 2.0 ) million for the six months ended October 29, 2023, represented a $( 2.1 ) million credit related to adjustments made to our inventory markdown reserve estimated based on our policy for aged inventory for both our mattress and upholstery fabrics segments, partially offset by a net restructuring related charge of $ 101,000 . This net restructuring related charge represents markdowns of inventory totaling $ 179,000 during the first quarter of fiscal 2024, partially offset by a gain on disposal of inventory totaling $ 78,000 during the second quarter of fiscal 2024, both of which related to the discontinuation of production of cut and sewn upholstery kits at our facility in Ouanaminthe, Haiti during the respective periods. The non-cash inventory charge of $ 6.4 million for the six months ended October 30, 2022, represented a $ 2.9 million write down of inventory to its net realizable value associated with our mattress fabrics segment, a $ 3.4 million charge related to markdowns of inventory estimated based on our policy for aged inventory for both our mattress and upholstery fabrics segments, and a $ 98,000 charge related to the 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 $( 2.0 ) million non-cash inventory credit for the first half of fiscal 2024, $( 1.5 ) million and $( 453,000 ) pertained to our mattress fabrics and upholstery fabrics segments, respectively. Of the $ 6.4 million non-cash inventory charge for the first half of fiscal 2023, $ 4.2 million and $ 2.2 million pertained to our mattress fabrics and upholstery fabrics segments, respectively. 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 a non-cash inventory charge of $ 3.8 million disclosed above) during the second quarter of fiscal 2023, as compared with gross margin of 15.0 % during the second quarter of fiscal 2022. The significant decline in net sales and profitability during the second quarter of fiscal 2023 stemmed from a greater than anticipated decline in consumer discretionary spending on mattress products, which we believe was driven by 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 then shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to the decline in consumer demand. Based on this evidence, management conducted a thorough review of its mattress fabrics inventory and, as 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 best estimates of product sales prices, customer demand trends, and its plans to transition to new products. Assessment As of October 29, 2023, we reviewed our mattress fabrics and upholstery fabrics inventories to determine if any additional write-downs, in excess of the amount recorded based on our policy for aged inventory, were necessary. Based on our assessment, no additional write-downs of inventories to their net realizable value were recorded for the three months and six months ended October 29, 2023, other than the markdowns of inventory associated with our upholstery fabrics segment restructuring activity described more fully in Note 9 of the consolidated financial statements. Based on the 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 the actual amounts or its results. These differences could result in higher than expected markdowns of inventory, which could adversely affect the company’s results of operations and financial condition in the near term.

Intangible Assets

Intangible Assets	6 Months Ended
	Oct. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets A summary of intangible assets follows: (dollars in thousands) October 29, October 30, April 30, Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,185 1,486 1,335 Non-compete agreement, net 339 414 377 $ 2,064 $ 2,440 $ 2,252 Tradename Our tradename pertains to Read, a separate reporting unit within the upholstery fabrics segment. This tradename was determined to have an indefinite useful life at the time of its acquisition, and therefore is not being amortized. However, we are required to assess this tradename annually or between annual tests if we believe indicators of impairment exist. Based on our assessment as of October 29, 2023 , no indicators of impairment existed, and therefore we did no t record any asset impairment charges associated with our tradename through the second quarter of fiscal 2024. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance, net $ 1,335 $ 1,636 Amortization expense ( 150 ) ( 150 ) Ending balance, net $ 1,185 $ 1,486 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 October 29, 2023, October 30, 2022 , and April 30, 2023, respectively. Accumulated amortization for these customer relationships was $ 1.9 million, $ 1.6 million, and $ 1.8 million as of October 29, 2023, October 30, 2022, and April 30, 2023, respectively. The remaining amortization expense for the next five fiscal years and thereafter are as follows: FY 2024 - $ 151,000 ; 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 was 4.3 years as of October 29, 2023. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance, net $ 377 $ 452 Amortization expense ( 38 ) ( 38 ) Ending balance, net $ 339 $ 414 Our non-compete agreement is associated with a prior acquisition by our mattress fabrics segment and is amortized on a straight-line basis over the fifteen-year life of the agreement. The gross carrying amount of our non-compete agreement was $ 2.0 million as of October 29, 2023, October 30, 2022 , and April 30, 2023, respectively. Accumulated amortization for our non-compete agreement was $ 1.7 million, $ 1.6 million, and $ 1.6 million as of October 29, 2023, October 30, 2022, and April 30, 2023, respectively. The remaining amortization expense for the next five years and thereafter follows: FY 2024 - $ 38,000 ; FY 2025 - $ 76,000 ; FY 2026 - $ 76,000 ; FY 2027 - $ 76,000 ; FY 2028 - $ 73,000 . The weighted average amortization period for the non-compete agreement was 4.5 years as of October 29, 2023. Impairment As of October 29, 2023 , management reviewed the long-lived assets associated with our mattress fabrics segment, which consisted of property, plant, and equipment, right of use assets, and finite-lived intangible assets (collectively known as the "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. The mattress fabrics segment experienced a significant cumulative operating loss totaling $ 18.1 million commencing in the second quarter of fiscal 2023, and continuing through the second quarter of fiscal 2024. We believe the significant decline in profitability for the mattress fabrics segment stemmed from a decline in consumer discretionary spending on mattress products, which we believe was driven by the following factors: (i) inflationary effects of commodities such as gas, food, and other necessities; (ii) a significant increase in interest rates; (iii) the pulling forward of demand for home goods products during the early years of the COVID-19 pandemic, which demand has now shifted to travel, leisure, and other services; and (iv) excess inventory held by customers due to the decline in consumer demand. Based on the above evidence, we were required to determine the recoverability of the Mattress Asset Group, which is 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 cash flows, an impairment charge is recognized for the excess of the carrying amount over the sum of the undiscounted future cash flows of the asset group. The carrying amount of the Mattress Asset Group totaled $ 35.5 million, which relates to property, plant, and equipment of $ 32.8 million, right of use assets of $ 2.0 million, customer relati onships of $ 332,000 , and a non-compete agreement of $ 339,000 . The total carrying amount of the Mattress Asset Group did not exceed the sum of its future undiscounted cash flows from its use and disposition. As a result, we determined no impairment associated with the Mattress Asset Group existed as of October 29, 2023 .

Note Receivable

Note Receivable	6 Months Ended
	Oct. 29, 2023
Receivables [Abstract]
Note Receivable	7. Note Receivable In connection with the restructuring activity of our upholstery fabrics cut and sew operation located in Ouanaminthe, Haiti, effective January 24, 2023, Culp Upholstery Fabrics Haiti, Ltd. (“CUF Haiti”) entered into an agreement to terminate a lease of a facility (“Termination Agreement”). See Note 9 of the consolidated financial statements for further details regarding this restructuring activity. 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, with the initial lease term 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 the leased facility to the lessor. After CUF Haiti vacated and returned possession of the leased facility, a third party (the “Lessee”) took possession of this facility, and the Lessee agreed to pay CUF Haiti $ 2.4 million in the form of a note receivable over a period commencing on April 1, 2023, and ending on December 31, 2029, based on the terms stated in the Termination Agreement. In connection with 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 discharged from all of its remaining obligations under the Original Lease. As of the end of our third quarter of fiscal 2023, the gross carrying amount of the note receivable totaling $ 2.4 million was recorded at its fair value of $ 2.0 million, which represented the present value of future discounted cash flows based on the payment amounts and timing of such payments due from the Lessee as stated in the Termination Agreement. Consequently, since the fair value of the note receivable was less than its carrying amount, we recorded a restructuring charge of $ 434,000 during the third quarter of fiscal 2023 to reduce the note receivable’s carrying amount to its reported fair value. We used an interest rate of 6.0 % to determine the present value of the future discounted cash flows, which was based on significant unobservable inputs and assumptions determined by management such as (i) the credit characteristics of the Lessee and guarantor of the Termination Agreement; (ii) the length of the payment terms as defined in the Termination Agreement; (iii) the payment terms as defined in the Termination Agreement being denominated in USD; and (iv) the fact that the facility is located in, and the Lessee and guarantor conduct business in, Haiti, a foreign country. Since management used significant unobservable inputs and assumptions to determine the fair value of this note receivable, this note receivable was classified as Level 3 within the fair value hierarchy (see Note 11 for further explanation of the fair value hierarchy). The following table represents the remaining future principal payments as of October 29, 2023: (dollars in thousands) 2024 $ 180 2025 360 2026 360 2027 360 2028 360 Thereafter 600 Undiscounted value of note receivable $ 2,220 Less: unearned interest income ( 368 ) Present value of note receivable $ 1,852 As of October 29, 2023 , we believe there is no expected credit loss related to the collectibility of our note receivable, as the Lessee has made all required principal payments stated in the Termination Agreement. We will continue to evaluate the facts and circumstances at the end of each reporting period to determine if an expected credit loss is deemed necessary.

Accrued Expenses

Accrued Expenses	6 Months Ended
	Oct. 29, 2023
Text Block [Abstract]
Accrued Expenses	8. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) October 29, October 30, April 30, Compensation, commissions and related benefits $ 4,540 $ 4,489 $ 5,800 Other accrued expenses 3,566 3,105 2,733 $ 8,106 $ 7,594 $ 8,533

Upholstery Fabrics Segment Rest

Upholstery Fabrics Segment Restructuring	6 Months Ended
	Oct. 29, 2023
Restructuring and Related Activities [Abstract]
Upholstery Fabrics Segment Restructuring	9. Upholstery Fabrics Segment Restructuring Ouanaminthe, Haiti During the third quarter of fiscal 2023, CUF Haiti entered into an agreement to terminate a lease associated with a facility located in Ouanaminthe, Haiti and, in turn, moved the production of upholstery cut and sewn kits to an existing facility leased by Culp Home Fashions Haiti, Ltd. (“CHF Haiti”) during the fourth quarter of fiscal 2023. Both CUF Haiti and CHF Haiti are indirect wholly-owned subsidiaries of the company. During the first quarter of fiscal 2024, demand for upholstery cut and sewn kits declined more than previously anticipated, resulting in the strategic action to discontinue the production of upholstery cut and sew kits in Haiti. The following summarizes our restructuring expense and restructuring related (credits) charges from the restructuring activities associated with our upholstery fabrics operations located in Haiti for the three months and six months ending October 29, 2023: Three Months Ended Six Months Ended (dollars in thousands) October 29, 2023 October 29, 2023 Employee termination benefits $ 2 $ 103 Impairment loss - equipment 142 379 (Gain) loss on disposal and markdowns of inventory ( 78 ) 101 Restructuring expense and restructuring related (credits) charges (1) (2) $ 66 $ 583 (1) Of the total $ 66,000 , $ 144,000 and ($ 78,000 ) were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month period ending October 29, 2023. (2) Of the total $ 583,000 , $ 482,000 and $ 101,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the six-month period ending October 29, 2023 . The restructuring activity related to the discontinuation of production of upholstery cut and sew kits in Haiti was completed as of October 29, 2023. As a result of our strategic decision to discontinue this production, we incurred a cumulative amount of $ 1.4 million in restructuring expense and restructuring related charges. The following summarizes the activity in accrued restructuring costs for the six-month period ending October 29, 2023: Employee Termination (dollars in thousands) Benefits Total Beginning balance $ — $ — Expenses incurred 103 103 Payments ( 103 ) ( 103 ) Ending balance $ — $ — Shanghai, 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 taken in order to adjust our operating costs to better align with the declining customer demand for cut and sewn products. The following summarizes our restructuring expense and restructuring related charges from the restructuring activities associated with our upholstery fabrics operations located in China for the three months and six months ending October 29, 2022: Three and Six Months Ended (dollars in thousands) October 30, 2022 Employee termination benefits $ 468 Loss on disposal and markdowns of inventory 98 Loss on disposal of equipment 80 Lease termination costs 47 Other associated costs 20 Restructuring expense and restructuring related charges (3) $ 713 (3) Of the total $ 713,000 , $ 615,000 and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month and six-month periods ending October 30, 2022. The following summarizes the activity in accrued restructuring costs for the three-month and six-month periods ending October 30, 2022: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning balance $ — $ — $ — $ — Accrual established in fiscal 2023 468 47 — 515 Expenses incurred — — 20 20 Payments ( 468 ) ( 16 ) ( 18 ) ( 502 ) Ending balance $ — $ 31 $ 2 $ 33 The restructuring activity related to the discontinuation of operations of the upholstery cut and sew kits in China was completed in the third quarter of fiscal 2023.

Lines of Credit

Lines of Credit	6 Months Ended
	Oct. 29, 2023
Debt Disclosure [Abstract]
Lines of Credit	10. Lines of Credit Revolving Credit Agreement – United States On January 19, 2023, Culp, Inc., as borrower (the “company”), and Read, as guarantor (the “Guarantor”), entered into a Second Amended and Restated Credit Agreement (the “ABL Credit Agreement”), by and among the company, the Guarantor and Wells Fargo Bank, National Association, as the lender (the “Lender”), to establish an asset-based revolving credit facility (the “ABL Facility”). The proceeds from the ABL Facility may be used to pay fees and expenses related to the ABL Facility and will 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 and Restated Credit Agreement (the “Amended Agreement”), dated as of June 24, 2022, and the First Amendment to the Amended Agreement dated as of August 19, 2022, as amended, by and between the company and the Lender. The ABL Facility may be used for revolving credit loans and letters of credit from time to time up to a maximum principal amount of $ 35.0 million, subject to the limitations described below. The ABL Facility contains a sub-facility that allows the company to issue letters of credit in an aggregate amount not to exceed $ 1 million. The amount available under the ABL Facility is limited by a borrowing base consisting of certain eligible accounts receivable and inventory, reduced by specified reserves, as follows: • 85 % of eligible accounts receivable, plus • the least of: o the sum of: ▪ lesser of (i) 65 % of eligible inventory valued at cost based on a first-in first-out basis (net of intercompany profits) and (ii) 85 % of the net-orderly-liquidation value percentage of eligible inventory, plus ▪ the least of (i) 65 % of eligible in-transit inventory valued at cost based on a first-in first-out basis (net of intercompany profits), (ii) 85 % of the net-orderly-liquidation value percentage of eligible in-transit inventory, and (iii) $ 5.0 million, plus ▪ the lesser of (i) 65 % of eligible raw material inventory valued at cost based on a first-in first-out basis (net of intercompany profits) and (ii) 85 % of the net-orderly-liquidation value percentage of eligible raw material inventory In each case, the net-orderly-liquidation value is calculated based on the lower of (i) a first-in first-out basis and (ii) market value, and is (A) net of intercompany profits, (B) net of write-ups and write-downs in value with respect to foreign currency exchange rates and (C) consistent with most recent appraisals received and acceptable to Lender. o $ 22.5 million; and o An amount equal to 200 % of eligible accounts receivable, minus • applicable reserves. The ABL Facility permits both base rate borrowings and borrowings based upon daily simple SOFR (the secured overnight financing rate administered by the Federal Reserve Bank of New York (or its successor)). Borrowings under the ABL Facility bear interest at an annual rate equal to daily simple SOFR plus 150 basis points (if the average monthly excess availability under the ABL Facility is greater than 50%) or 175 basis 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 ma tures on January 19, 2026 . The ABL Facility may be prepaid from time to time, in whole or in part, without a prepayment penalty 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 Credit Agreement at a rate (applicable interest rate of 6.80 % and 6.30 % as of October 29, 2023 and April 30, 2023, respectively ) calculated using the Applicable Margin over SOFR based on the company’s excess availability under the ABL Facility, as defined in the ABL Credit Agreement. Under the Amended Agreement, interest was charged at a rate ( 4.38 % as of October 30, 2022) calculated using the Applicable Margin over SOFR based on the ratio of company’s consolidated debt to consolidated EBITDA, as defined in the Amended Agreement. There were $ 535,000 , $ 275,000 , and $ 275,000 of outstanding letters of credit provided by the ABL Credit Agreement and the Amended Agreement, as applicable, as of October 29, 2023, October 30, 2022, and April 30, 2023, respectively. As of October 29, 2023 , we had $ 465,000 remaining for the issuance of additional letters of credit under the ABL Credit Agreement. There were no borrowings outstanding under either the ABL Credit Agreement or the Amended Credit Agreement, as applicable, as of October 29, 2023, October 30, 2022, or April 30, 2023, respectively. As of October 29, 2023, ou r available borrowings calculated under the provisions of the ABL Credit Agreement totaled $ 26.2 million. Revolving Credit Agreement – 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 35 million RMB ($ 4.8 million USD as of October 29, 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 October 24, 2024 . Our borrowing capacity of 35 million RMB is restricted to certain consolidated net sales and consolidated profitability requirements as defined in the agreement. These requirements relate to our total consolidated Culp Inc. entity as a whole. Currently, Culp Inc. does not meet the consolidated net sales and consolidated profitability requirements set forth in the agreement, therefore, we cannot borrow under this agreement. There were no borrowings outstanding under this agreement as of October 29, 2023, October 30, 2022, or April 30, 2023, respectively. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of October 29, 2023, we complied with our financial covenants. No interest payments were made during the first half of fiscal 2024. Int erest paid during the first half of fiscal 2023 totaled $ 8,000 .

Fair Value

Fair Value	6 Months Ended
	Oct. 29, 2023
Fair Value Disclosures [Abstract]
Fair Value	11. Fair Value Accounting Standard Codification ("ASC") Topic 820, Fair Value Measurement establishes a fair value hierarchy that distinguishes between assumptions based on market data (observable inputs) and the company’s assumptions (unobservable inputs). Determining where an asset or liability falls within that hierarchy depends on the lowest level input that is significant to the fair value measurement as a whole. An adjustment to the pricing method used within either level 1 or level 2 inputs could generate a fair value measurement that effectively falls in a lower level in the hierarchy. The hierarchy consists of three broad levels as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities; Level 2 – Inputs other than level 1 inputs that are either directly or indirectly observable; and Level 3 – Unobservable inputs developed using the company’s estimates and assumptions, which reflect those that market participants would use. The determination of where an asset or liability falls in the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter based on various factors, and it is possible that an asset or liability may be classified differently from quarter to quarter. However, we expect that changes in classifications between different levels will be rare. Recurring Basis The following tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of October 29, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 7,060 N/A N/A $ 7,060 Growth Allocation Mutual Funds 560 N/A N/A 560 Moderate Allocation Mutual Fund 46 N/A N/A 46 Other 266 N/A N/A 266 Fair value measurements as of October 30, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 9,089 N/A N/A $ 9,089 Growth Allocation Mutual Funds 438 N/A N/A 438 Moderate Allocation Mutual Fund 77 N/A N/A 77 Other 159 N/A N/A 159 Fair value measurements as of April 30, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 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 Investments - Rabbi Trust We have a rabbi trust (the “Trust”) for the participants of our deferred compensation plan (the “Plan”), that enables participants to direct their contributions to various investment options under the Plan. The investments associated with the Trust consist of a money market fund and various mutual funds that are classified as available-for-sale. As of October 29, 2023 , our investments associated with the Trust totaled $ 7.9 million, of which $ 937,000 and $ 7.0 million were classified as short-term and long-term, respectively. As of October 30, 2022 , our investments associated with the Trust totaled $ 9.8 million, of which $ 2.2 million and $ 7.6 million were classified as short-term and long-term, respectively. As of April 30, 2023, our investments associated with the Trust totaled $ 8.5 million, of which $ 1.4 million and $ 7.1 million were classified as short-term and long-term, respectively. The investments associated with the Trust had an accumulated unrealized loss of $ 6,000 , an accumulated unrealized loss of $ 21,000 , and an accumulated unrealized gain of $ 19,000 as of October 29, 2023, October 30, 2022, and April 30, 2023, respectively. The fair value of our investments associated with the Trust approximates their cost basis. Other The carrying amount of our cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses approximated their fair value because of the short maturity of these financial instruments.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Oct. 29, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	12. Net Loss Per Share Basic net loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted net loss 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 per share were 12,456,000 and 12,280,000 for the three months ending October 29, 2023, and October 30, 2022, respectively. Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following: Three months ended (in thousands) October 29, 2023 October 30, 2022 antidilutive effect from decrease in the price per share of our common stock 11 42 antidilutive effect from net loss incurred during the fiscal year 136 35 total unvested shares of common stock not included in 147 77 Weighted average shares used in the computation of basic and diluted net loss per share were 12,394,000 and 12,259,000 for the six months ending October 29, 2023, and October 30, 2022, respectively. Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following:

Segment Information

Segment Information	6 Months Ended
	Oct. 29, 2023
Segment Reporting [Abstract]
Segment Information	13. Segment Information Overall Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. In addition, this segment includes Read, which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. Financial Information We evaluate the operating performance of our business segments based upon (loss) income from operations before certain unallocated corporate expenses and other items that are not expected to occur on a regular basis. Cost of sales for each segment includes costs to develop, manufacture, or source our products, including costs such as raw material and finished goods purchases, direct and indirect labor, overhead, and incoming freight charges. Unallocated corporate expenses primarily represent compensation and benefits for certain executives and their support staff, all costs associated with being a public company, amortization of intangible assets, and other miscellaneous expenses. Segment assets include assets used in the operations of each segment and consist of accounts receivable, inventories, property, plant, and equipment, and right of use assets. Intangible assets are not included in segment assets as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to individual segments, or determine executive compensation. Statements of operations for our operating segments are as follows: Three months ended October 29, 2023 October 30, 2022 net sales by segment: mattress fabrics $ 31,377 $ 26,230 upholstery fabrics 27,348 32,151 net sales $ 58,725 $ 58,381 gross profit (loss): mattress fabrics $ 2,483 $ ( 6,057 ) upholstery fabrics 5,389 3,942 segment gross profit (loss): 7,872 ( 2,115 ) restructuring related credit (charge) (1) 78 ( 98 ) gross profit (loss) $ 7,950 $ ( 2,213 ) selling, general, and administrative expenses by segment: mattress fabrics $ 3,419 $ 2,945 upholstery fabrics 3,998 3,680 unallocated corporate expenses 2,628 2,478 selling, general, and administrative expenses $ 10,045 $ 9,103 (loss) income from operations by segment: mattress fabrics $ ( 936 ) $ ( 9,002 ) upholstery fabrics 1,391 262 unallocated corporate expenses ( 2,628 ) ( 2,478 ) total segment loss from operations $ ( 2,173 ) $ ( 11,218 ) restructuring related credit (charge) (1) 78 ( 98 ) restructuring expense (2) ( 144 ) ( 615 ) loss from operations $ ( 2,239 ) $ ( 11,931 ) interest income 282 79 other income 49 829 loss before income taxes $ ( 1,908 ) $ ( 11,023 ) (1) Gross profit and loss from operations for the three months ending October 29, 2023 , includes restructuring related credits of $ 78,000 for the gain on disposal of inventory related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Gross loss and loss from operations for the three months ending October 30, 2022 , includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. (2) Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Six months ended October 29, 2023 October 30, 2022 net sales by segment: mattress fabrics $ 60,599 $ 55,602 upholstery fabrics 54,788 65,383 net sales $ 115,387 $ 120,985 gross profit (loss): mattress fabrics $ 4,477 $ ( 6,093 ) upholstery fabrics 10,659 8,105 total segment gross profit $ 15,136 $ 2,012 restructuring related charge (1) ( 101 ) ( 98 ) gross profit $ 15,035 $ 1,914 selling, general, and administrative expenses by segment: mattress fabrics $ 6,811 $ 5,829 upholstery fabrics 7,939 7,302 unallocated corporate expenses 5,124 4,837 selling, general, and administrative expenses $ 19,874 $ 17,968 (loss) income from operations by segment: mattress fabrics $ ( 2,334 ) $ ( 11,922 ) upholstery fabrics 2,720 803 unallocated corporate expenses ( 5,124 ) ( 4,837 ) total segment loss from operations $ ( 4,738 ) $ ( 15,956 ) restructuring related charge (1) ( 101 ) ( 98 ) restructuring expense (2) ( 482 ) ( 615 ) loss from operations $ ( 5,321 ) $ ( 16,669 ) interest income 627 96 other income 145 747 loss before income taxes $ ( 4,549 ) $ ( 15,826 ) (1) Gross profit and loss from operations for the six months ending October 29, 2023 , includes a net restructuring related charge of $ 101,000 , which represents a markdown of inventory totaling $ 179,000 during the first quarter of fiscal 2024, partially offset by a gain on disposal of inventory totaling $ 78,000 during the second quarter of fiscal 2024, both of which related to the discontinuation of production of cut and sewn upholstery kits at our facility located in Ouanaminthe, Haiti. Gross profit and loss from operations for the six months ending October 30, 2022 includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. (2) Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Balance sheet information for our operating segments follows: (dollars in thousands) October 29, 2023 October 30, 2022 April 30, 2023 Segment assets: Mattress Fabrics: Accounts receivable, net $ 11,303 $ 8,700 $ 12,396 Inventory 27,195 30,300 25,674 Property, plant and equipment (1) 32,862 35,853 33,749 Right of use assets (2) 1,969 2,087 2,308 Total mattress fabrics assets 73,329 76,940 74,127 Upholstery Fabrics: Accounts receivable, net 11,733 13,743 12,382 Inventory 17,270 21,924 19,406 Property, plant and equipment (3) 1,175 2,150 1,671 Right of use assets (4) 1,992 5,898 2,618 Total upholstery fabrics assets 32,170 43,715 36,077 Total segment assets 105,499 120,655 110,204 Non-segment assets: Cash and cash equivalents 15,214 19,137 20,964 Short-term investments - rabbi trust 937 2,237 1,404 Short-term note receivable 256 — 219 Current income taxes receivable 340 510 — Other current assets 4,346 3,462 3,071 Long-term note receivable 1,596 — 1,726 Deferred income taxes 472 493 480 Property, plant and equipment (5) 627 829 691 Right of use assets (6) 2,913 3,624 3,265 Intangible assets 2,064 2,440 2,252 Long-term investments - rabbi trust 6,995 7,526 7,067 Other assets 901 717 840 Total assets $ 142,160 $ 161,630 $ 152,183 (1) The $ 32.9 million as of October 29, 2023 , represents property, plant, and equipment of $ 22.2 million, $ 10.0 million, and $ 661,000 located in the U.S., Canada, and Haiti, respectively. The $ 35.9 million as of October 30, 2022 , represents property, plant, and equipment of $ 23.8 million, $ 11.4 million, and $ 679,000 located in the U.S., Canada, and Haiti, respectively. 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 $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.3 million and $ 663,000 located in Haiti and Canada, respectively. The $ 2.1 million as of October 30, 2022 , represents right of use assets of $ 1.8 million, $ 167,000 , and $ 164,000 located in Haiti, Canada, and the U.S., respectively. 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. (3) The $ 1.2 million as of October 29, 2023 , represents property, plant, and equipment of $ 1.0 million and $ 140,000 located in the U.S. and China, respectively. The $ 2.2 million as of October 30, 2022 , represents property, plant, and equipment of $ 1.0 million, $ 1.0 million, and $ 137,000 located in the U.S., Haiti, and China, respectively. 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. (4) The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.2 million and $ 818,000 located in China and the U.S., respectively. The $ 5.9 million as of October 30, 2022 , represents right of use assets of $ 2.5 million, $ 2.0 million, and $ 1.4 million located in Haiti, China, and the U.S., respectively. 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. (5) The $ 627,000 , $ 829,000 , and $ 691,000 as of October 29, 2023 , October 30, 2022, and April 30, 2023, respectively, represent property, plant, and equipment associated with unallocated corporate department and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (6) The $ 2.9 million, $ 3.6 million, and $ 3.3 million as of October 29, 2023, October 30, 2022 , and April 30, 2023, respectively, represent right of use assets located in the U.S. Information about capital expenditures and depreciation expense for our operating segments follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Capital expenditures (1): Mattress Fabrics $ 1,948 $ 267 Upholstery Fabrics 185 447 Unallocated Corporate 80 60 Total capital expenditures $ 2,213 $ 774 Depreciation expense: Mattress Fabrics $ 2,922 $ 3,088 Upholstery Fabrics 329 401 Total depreciation expense $ 3,251 $ 3,489 (1) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes

Income Taxes	6 Months Ended
	Oct. 29, 2023
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes Effective Income Tax Rate We recorded income tax expen se of $ 1.2 million, o r ( 26.8 %) of loss before income taxes, for the six-month period ending October 29, 2023 , compared with income tax expense of $ 2.0 million, or ( 12.9 %) of loss before income taxes, for the six-month period ending October 30, 2022. Our effective income tax rates for the six-month periods ended October 29, 2023, and October 30, 2022, were based upon the estimated effective income tax rate applicable for the full year after giving effect to any significant items related specifically to interim periods. When calculating the annual estimated effective income tax rates for the six-month periods ended October 29, 2023, and October 30, 2022, we were subject to loss limitation rules. These loss limitation rules require any taxable loss associated with our U.S. or foreign operations to be excluded from the annual estimated effective income tax rate calculation if it was determined that no income tax benefit could be recognized during the current fiscal year. The effective income tax rate can be affected over the fiscal year by the mix and timing of actual earnings from our U.S. operations and foreign subsidiaries located in China, Canada, and Haiti as compared to annual projections, as well as changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the six-month periods ending October 29, 2023, and October 30, 2022: October 29, October 30, 2023 2022 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance ( 32.8 ) ( 36.7 ) Withholding taxes associated with foreign jurisdictions ( 9.9 ) ( 3.3 ) Foreign income tax rate differential ( 5.7 ) 3.2 Stock-based compensation ( 4.2 ) ( 0.6 ) Tax effects of local currency foreign exchange gains 5.1 4.7 Other ( 0.3 ) ( 1.2 ) ( 26.8 %) ( 12.9 )% Our consolidated effective income tax rates during the first half of fiscal 2024 and the first half of fiscal 2023 were both adversely affected by the mix of earnings between our U.S. operations and foreign subsidiaries, as our taxable income stems from our operations located in China and Canada, which have higher income tax rates than the U.S. In addition, during the first half of fiscal 2024 and the first half of fiscal 2023, we incurred pre-tax losses associated with our U.S. operations, for which an income tax benefit was not recorded due to the full valuation allowance applied against our U.S. net deferred income tax assets. However, the income tax charge associated with the full valuation allowance applied against our U.S. net deferred income tax assets was lower during the first half of fiscal 2024 compared with the first half of fiscal 2023, as our $( 11.8 ) million U.S. pre-tax loss incurred during the first half of fiscal 2024 was significantly lower than the $( 20.7 ) million U.S. pre-tax loss incurred during the first half of fiscal 2023. During the first half of fiscal 2024, we incurred a lower consolidated pre-tax loss totaling $( 4.5 ) million, compared with $( 15.8 ) million during the first half of fiscal 2023. As a result, the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements were more pronounced during the first half of fiscal 2024, as compared with the first half of fiscal 2023. U.S. Valuation Allowance We evaluate the realizability of our U.S. net deferred income tax assets to determine if a valuation allowance is required. We assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more-likely-than-not” standard, with significant weight being given to evidence that can be objectively verified. Since the company operates in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. As of October 29, 2023, we evaluated the realizability of our U.S. net deferred income tax assets to determine if a full valuation allowance was required. Based on our assessment, we determined we still have a recent history of significant cumulative U.S. pre-tax losses, in that we experienced U.S. pre-tax losses during each of the last three fiscal years from 2021 through 2023, and we are currently expecting significant U.S. pre-tax losses to continue during 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. 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 October 29, 2023, October 30, 2022, and April 30, 2023, valuation allowances against our net deferred income tax assets pertain to the following: (dollars in thousands) October 29, 2023 October 30, 2022 April 30, 2023 U.S. federal and state net deferred income tax assets $ 17,839 $ 13,958 $ 16,345 U.S. capital loss carryforward 2,330 2,330 2,330 $ 20,169 $ 16,288 $ 18,675 Undistributed Earnings We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company and whether we are required to record a deferred income tax liability for those undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. As of October 29, 2023, we assessed the liquidity requirements of our U.S. parent company and determined that our undistributed earnings and profits from our foreign subsidiaries would not be reinvested indefinitely and would eventually be distributed to our U.S. parent company. The conclusion reached from this assessment was consistent with prior reporting periods. As a result of the 2017 Tax Cuts and Jobs Act, a U.S. corporation is allowed a 100 % dividend received deduction for earnings and profits received from a 10 % owned foreign corporation. Therefore, a deferred income tax liability will be required only for unremitted withholding taxes associated with earnings and profits generated by our foreign subsidiaries that will ultimately be repatriated to the U.S. parent company. As a result, as of October 29, 2023, October 30, 2022, and April 30, 2023, we recorded a deferred income tax liabi lity of $ 4.6 mi llion, $ 4.0 million, and $ 4.2 million, respectively. Uncertain Income Tax Positions An unrecognized income tax benefit for an uncertain income tax position can be recognized in the first interim period if the more-likely-than-not recognition threshold is met by the end of the reporting period, or is effectively settled through examination, negotiation, or litigation, or the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. If it is determined that any of the above conditions occur regarding our uncertain income tax positions, an adjustment to our unrecognized income tax benefit will be recorded at that time. As of October 29, 2023 , we had a $ 1.2 million total gross unrecognized income tax benefit, of which the entire amount was classified as income taxes payable – long-term in the accompanying Consolidated Balance Sheets. As of October 30, 2022 , we had a $ 1.1 million total gross unrecognized income tax benefit, of which the entire amount was recorded to income taxes payable – long-term in the accompanying Consolidated Balance Sheets. As of April 30, 2023, we had a $ 1.2 million total gross unrecognized income tax benefit, of which the entire amount was classified as income taxes payable – long-term in the accompanying Consolidated Balance Sheets. These unrecognized income tax benefits would favorably affect income tax expense in future periods by $ 1.2 million, $ 1.1 million, and $ 1.2 million, as of October 29, 2023, October 30, 2022, and April 30, 2023, respectively. Our gross unrecognized income tax benefit of $ 1.2 million as o f October 29, 2023, relates to income tax positions for which significant change is currently not expected within the next year. Income Taxes Paid The following table sets forth taxes paid by jurisdiction: Six Months Six Months October 29, October 30, (dollars in thousands) 2023 2022 United States Transition Tax Payment $ 499 $ 265 China Income Taxes, Net of Refunds 1,278 1,286 Canada Income Taxes, Net of Refunds 336 161 $ 2,113 $ 1,712

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Oct. 29, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	15. 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. Effective September 27, 2023, our shareholders approved an amendment and restatement of the 2015 Plan (the "Amended and Restated Plan"). The Amended and Restated Plan authorizes the issuance of an additional 960,000 shares of common stock in addition to the shares of common stock still available for issuance under the 2015 Plan. The Amended and Restated Plan also removed certain sub-limits that previously applied with respect to specific type of awards that may be issued under the plan. As of October 29, 2023 , there were 765,399 shares available for future equity-based grants under the Amended and Restated Plan. Performance-Based Restricted Stock Units Senior Executives We grant performance-based restricted stock units to senior executives which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit award agreements. The number of shares of common stock that are earned based on performance targets that have been achieved may be adjusted based on a market-based total shareholder return component as defined in the related restricted stock unit award agreements. Our performance-based restricted stock units granted to senior executives were measured based on their fair market value on the date of grant. The fair market value per share was determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock for the performance-based component. The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on our outstanding performance-based restricted stock units granted to senior executives on September 28, 2023, August 10, 2022 and July 22, 2021: September 28, August 10, July 22, 2023 2022 2021 Closing price of our common stock $ 5.59 $ 5.06 $ 14.75 Expected volatility of our common stock 37.3 % 48.2 % 54.2 % Expected volatility of peer companies 35.7 %- 91.5 % 41.6 %- 105.1 % 45.7 %- 101.5 % Risk-free interest rate 4.90 % 3.13 % 0.33 % Dividend yield 0.00 % 0.00 % 3.00 % Correlation coefficient of peer companies 0.01 - 0.21 0.05 - 0.23 0.03 - 0.35 Key Employees We grant performance-based restricted stock units to key employees which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit award agreements. Our performance-based restricted stock units granted to key employees were measured based on the fair market value (the closing price of our common stock) on the date of grant. No market-based total shareholder return component was included in these awards. Overall The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that were unvested as of October 29, 2023: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period September 28, 2023 (1) 227,497 121,740 $ 6.43 (5) 34 months August 10, 2022 (1) 178,714 — $ 5.77 (6) 3 years July 22, 2021 (1) 122,476 — $ 15.93 (7) 3 years July 22, 2021 (2) 20,500 — $ 14.75 (8) 3 years (1) Performance-based restricted stock units awarded to senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of October 29, 2023. (5) Price per share represents the fair market value per share ($ 1.15 per $1, or an increase of $ 0.84 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 ($ 5.59 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on September 28, 2023. (6) 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. (7) Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. (8) Price per share represents the closing price of our common stock on the date of grant. There were no performance-based restricted stock units that vested during the six-month period ended October 29, 2023 . The following table summarizes information related to our performance-based restricted stock units that vested during the six-month period ended October 30, 2022: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 545 $ 3 $ 5.10 Fiscal 2023 (2) 437 $ 2 $ 5.10 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested. We recorded compensation expense of $ 23,000 and $ 2,000 within selling, general, and administrative expenses associated with our performance-based restrictive stock units for the six-month periods ended October 29, 2023, and October 30, 2022, respectively. Compensation expense is recorded based on an assessment each reporting period to determine the probability of whether or not certain performance targets will be met and how many shares are expected to be earned as of the end of the vesting period. If certain performance goals are not expected to be achieved, compensation expense would not be recorded, and any previously recognized compensation expense would be reversed. As of October 29, 2023 , the remaining unrecognized compensation expense related to our performance-based restricted stock units was $ 759,000 , which is expected to be recognized over a weighted average vesting period of 2.7 years. As of October 29, 2023 , the performance-based restricted stock units that are expected to vest had a fair value totaling $ 674,000 . Time-Based Restricted Stock Units The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives, key employees, and outside directors that were unvested as of October 29, 2023: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period September 28, 2023 (2) 100,068 $ 5.59 34 months September 28, 2023 (3) 59,928 $ 5.59 1 year September 6, 2022 (2) 25,114 $ 4.58 2 to 3 years August 10, 2022 (2) 78,225 $ 5.06 3 years July 22, 2021 (2) 30,835 $ 14.75 3 years (1) Price per share represents closing price of common stock on the date the respective award was granted. (2) Time-based restricted stock units awarded to senior executives and key employees. (3) Time-based restricted stock units awarded to outside directors. The following table summarizes information related to our time-based restricted stock units that vested during the six-month periods ending October 29, 2023, and October, 30, 2022, respectively: Time-Based (2) Restricted Stock (1) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2024 151,653 $ 857 $ 5.65 Fiscal 2023 32,799 $ 167 $ 5.10 (1) Dollar amounts are in thousands. (2) Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested. We recor ded compensation expense of $ 378,000 and $ 396,000 within selling, general, and administrative expenses associated with our time-based restricted stock unit awards for the six-month periods ended October 29, 2023, and October 30, 2022, respectively. As of October 29, 2023 , the remaining unrecognized compensation expense related to our time-based restricted stock units was $ 1.3 million, which is expected to be recognized over a weighted average vesting period of 1.9 years. As of October 29, 2023 , the time-based restricted stock units that are expected to vest had a fair value totaling $ 1.6 million. Immediately Vested Common Stock Awards We granted a total of 16,616 shares of common stock to our outside directors on July 3, 2023. These shares of common stock vested immediately and were measured at their fair value on the date of the grant. The fair value of these awards was $ 5.04 per share on July 3, 2023, which represents the closing price of our common stock on the date of grant. We granted a total of 18,326 and 19,753 shares of common stock to our outside directors on October 3, 2022, and July 1, 2022, respectively. These shares of common stock vested immediately and were measured at their fair value on the date of the grant. The fair value of these awards was $ 4.57 and $ 4.24 per share on October 3,2022, and July 1, 2022, respectively, which represents the closing price of our common stock on the date of grant. We recorded $ 84,000 and $ 167,000 of compensation expense within selling, general, and administrative expenses for common stock awards to our outside directors for the six-month periods ended October 29, 2023, and October 30, 2022 , respectively.

Leases

Leases	6 Months Ended
	Oct. 29, 2023
Assets and Liabilities, Lessee [Abstract]
Leases	16. Leases Overview We lease manufacturing facilities, showroom and office space, distribution centers, and equipment under operating lease arrangements. Our operating leases have remaining lease terms of one to eight years , with renewal options for additional periods ranging up to twelve years . Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of October 29, 2023, October 30, 2022, and April 30, 2023, are as follows: (dollars in thousands) October 29, October 30, April 30, Right of use assets $ 6,874 $ 11,609 $ 8,191 Operating lease liability - current 2,540 2,655 2,640 Operating lease liability – noncurrent 2,431 4,194 3,612 Supplemental Cash Flow Information Six Months Six Months (dollars in thousands) October 29, 2023 October 30, 2022 Operating lease liability payments $ 1,330 $ 1,068 Right of use assets exchanged for lease liabilities 157 — Operating lease expense for the three-month periods ended October 29, 2023, and October 30, 2022 , was $ 781,000 and $ 959,000 , respectively. Operating lease expense for the six-month periods ended October 29, 2023, and October 30, 2022 , was $ 1.6 million and $ 2.0 million, respectively. Short-term lease and variable lease expenses were immaterial for the three-month and six-month periods ended October 29, 2023, and October 30, 2022. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2024, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2024 $ 1,269 2025 1,917 2026 638 2027 342 2028 225 Thereafter 804 $ 5,195 Less: interest ( 224 ) Present value of lease liabilities $ 4,971 As of October 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: October 29, 2023 Weighted average lease term (in years) 3.79 Weighted average discount rate 3.46 %

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 29, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	17. Commitments and Contingencies Litigation The company is involved in legal proceedings and claims which have arisen in the ordinary course of business. Management has determined that it is not reasonably possible that these actions, when ultimately concluded and settled, will have a material adverse effect upon the consolidated financial position, consolidated results of operations, or consolidated cash flows of the company. Accounts Payable – Capital Expenditures As of October 29, 2023, October 30, 2022 , and April 30, 2023, we had amounts due regarding capital expenditures totaling $ 298,000 , $ 200,000 , and $ 56,000 , respectively, which pertained to outstanding vendor invoices, none of which were financed. Purchase Commitments – Capital Expenditures As of October 29, 2023 , we had open purchase commitments to acquire equipment for our mattress fabrics segment totaling $ 1.6 million.

Statutory Reserves

Statutory Reserves	6 Months Ended
	Oct. 29, 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 October 29, 2023 , the statutory surplus reserve fund represents the 50 % registered capital requirement, and therefore, our subsidiary located in China is no longer required to transfer 10 % of its net income in accordance with PRC accounting rules and regulations. The transfer to this reserve must be made before distributions of any dividend to shareholders. As of October 29, 2023 , the company’s statutory surplus reserve was $ 4.0 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 $ 4.0 million, to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	6 Months Ended
	Oct. 29, 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. We did no t repurchase any shares of common stock during the six-month periods ending October 29, 2023, and October 30, 2022, respectively. As of October 29 , 2023, $ 3.2 m illion is available for additional repurchases of our common stock.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 29, 2023
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements There were no recently adopted accounting pronouncements during the first half of fiscal 2024. Recently Issued Accounting Pronouncements Effective November 27, 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07 Improvements to Reportable Segment Disclosures which enhances disclosure requirements to segment reporting including (i) significant segment expenses that are regularly provided to the Chief Operating Decision Maker (CODM) that are included within each measure of segment profit or loss, (ii) other segment items by reportable segment as defined by ASU 2023-07, and (iii) the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of each segment's profit or loss in assessing segment performance and deciding how to allocate resources. ASU 2023-07 is effective for public entities starting in annual periods beginning after December 15, 2023 (i.e., our fiscal 2025 annual report) and interim periods beginning after December 15, 2024 (i.e., first quarter of fiscal 2026 interim report). Management is currently evaluating the effects ASU 2023-07 will have on the notes to the consolidated financial statements.

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	6 Months Ended
	Oct. 29, 2023
Receivables [Abstract]
Summary of the Activity in the Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: Six Months Ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance $ 342 $ 292 Provision for bad debts 228 49 Write-offs, net of recoveries ( 29 ) ( 53 ) Ending balance $ 541 $ 288

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Oct. 29, 2023
Revenue from Contract with Customer [Abstract]
Summary of Activity Associated with Deferred Revenue	A summary of the activity associated with deferred revenue follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance $ 1,192 $ 520 Revenue recognized on contract liabilities ( 1,986 ) ( 1,747 ) Payments received for services not yet rendered 1,647 2,754 Ending balance $ 853 $ 1,527
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending October 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 31,377 $ 24,194 $ 55,571 Services transferred over time — 3,154 3,154 Total Net Sales $ 31,377 $ 27,348 $ 58,725 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the six-month period ending October 29, 2023: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 60,599 $ 48,968 $ 109,567 Services transferred over time — 5,820 5,820 Total Net Sales $ 60,599 $ 54,788 $ 115,387 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending October 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 26,230 $ 29,883 $ 56,113 Services transferred over time — 2,268 2,268 Total Net Sales $ 26,230 $ 32,151 $ 58,381 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the six-month period ending October 30, 2022: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 55,602 $ 61,406 $ 117,008 Services transferred over time — 3,977 3,977 Total Net Sales $ 55,602 $ 65,383 $ 120,985

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Oct. 29, 2023
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) October 29, October 30, April 30, Raw materials $ 8,433 $ 9,859 $ 7,908 Work-in-process 2,196 3,724 2,602 Finished goods 33,836 38,641 34,570 $ 44,465 $ 52,224 $ 45,080

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Oct. 29, 2023
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) October 29, October 30, April 30, Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,185 1,486 1,335 Non-compete agreement, net 339 414 377 $ 2,064 $ 2,440 $ 2,252
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: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance, net $ 1,335 $ 1,636 Amortization expense ( 150 ) ( 150 ) Ending balance, net $ 1,185 $ 1,486
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: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Beginning balance, net $ 377 $ 452 Amortization expense ( 38 ) ( 38 ) Ending balance, net $ 339 $ 414

Note Receivable (Tables)

Note Receivable (Tables)	6 Months Ended
	Oct. 29, 2023
Receivables [Abstract]
Summary of Remaining Future Principal Payments	The following table represents the remaining future principal payments as of October 29, 2023: (dollars in thousands) 2024 $ 180 2025 360 2026 360 2027 360 2028 360 Thereafter 600 Undiscounted value of note receivable $ 2,220 Less: unearned interest income ( 368 ) Present value of note receivable $ 1,852

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Oct. 29, 2023
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) October 29, October 30, April 30, Compensation, commissions and related benefits $ 4,540 $ 4,489 $ 5,800 Other accrued expenses 3,566 3,105 2,733 $ 8,106 $ 7,594 $ 8,533

Upholstery Fabrics Segment Re_2

Upholstery Fabrics Segment Restructuring (Tables)	6 Months Ended
	Oct. 29, 2023
Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Restructuring Expense and Restructuring Related (Credits) Charges	The following summarizes our restructuring expense and restructuring related (credits) charges from the restructuring activities associated with our upholstery fabrics operations located in Haiti for the three months and six months ending October 29, 2023: Three Months Ended Six Months Ended (dollars in thousands) October 29, 2023 October 29, 2023 Employee termination benefits $ 2 $ 103 Impairment loss - equipment 142 379 (Gain) loss on disposal and markdowns of inventory ( 78 ) 101 Restructuring expense and restructuring related (credits) charges (1) (2) $ 66 $ 583 (1) Of the total $ 66,000 , $ 144,000 and ($ 78,000 ) were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month period ending October 29, 2023. (2) Of the total $ 583,000 , $ 482,000 and $ 101,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the six-month period ending October 29, 2023 .
Summary of Activity in Accrued Restructuring	The following summarizes the activity in accrued restructuring costs for the six-month period ending October 29, 2023: Employee Termination (dollars in thousands) Benefits Total Beginning balance $ — $ — Expenses incurred 103 103 Payments ( 103 ) ( 103 ) Ending balance $ — $ —
Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Summary of Restructuring Expense and Restructuring Related (Credits) Charges	Three and Six Months Ended (dollars in thousands) October 30, 2022 Employee termination benefits $ 468 Loss on disposal and markdowns of inventory 98 Loss on disposal of equipment 80 Lease termination costs 47 Other associated costs 20 Restructuring expense and restructuring related charges (3) $ 713 (3) Of the total $ 713,000 , $ 615,000 and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month and six-month periods ending October 30, 2022.
Summary of Activity in Accrued Restructuring	The following summarizes the activity in accrued restructuring costs for the three-month and six-month periods ending October 30, 2022: Employee Lease Other Termination Termination Associated (dollars in thousands) Benefits Costs Costs Total Beginning balance $ — $ — $ — $ — Accrual established in fiscal 2023 468 47 — 515 Expenses incurred — — 20 20 Payments ( 468 ) ( 16 ) ( 18 ) ( 502 ) Ending balance $ — $ 31 $ 2 $ 33

Fair Value (Tables)

Fair Value (Tables)	15 Months Ended
	Oct. 29, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of October 29, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 7,060 N/A N/A $ 7,060 Growth Allocation Mutual Funds 560 N/A N/A 560 Moderate Allocation Mutual Fund 46 N/A N/A 46 Other 266 N/A N/A 266 Fair value measurements as of October 30, 2022, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 9,089 N/A N/A $ 9,089 Growth Allocation Mutual Funds 438 N/A N/A 438 Moderate Allocation Mutual Fund 77 N/A N/A 77 Other 159 N/A N/A 159 Fair value measurements as of April 30, 2023, using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Government Money Market Fund $ 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

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Oct. 29, 2023
Earnings Per Share [Abstract]
Schedule of Unvested Common Stock not Included in the Computation of Diluted Net Loss Per Share	Shares of unvested common stock that were not included in the computation of diluted net loss per share consist of the following: Three months ended (in thousands) October 29, 2023 October 30, 2022 antidilutive effect from decrease in the price per share of our common stock 11 42 antidilutive effect from net loss incurred during the fiscal year 136 35 total unvested shares of common stock not included in 147 77 Six months ended (in thousands) October 29, 2023 October 30, 2022 antidilutive effect from decrease in the price per share of our common stock 20 38 antidilutive effect from net loss incurred during the fiscal year 105 47 total unvested shares of common stock not included in 125 85

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Oct. 29, 2023
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Statements of operations for our operating segments are as follows: Three months ended October 29, 2023 October 30, 2022 net sales by segment: mattress fabrics $ 31,377 $ 26,230 upholstery fabrics 27,348 32,151 net sales $ 58,725 $ 58,381 gross profit (loss): mattress fabrics $ 2,483 $ ( 6,057 ) upholstery fabrics 5,389 3,942 segment gross profit (loss): 7,872 ( 2,115 ) restructuring related credit (charge) (1) 78 ( 98 ) gross profit (loss) $ 7,950 $ ( 2,213 ) selling, general, and administrative expenses by segment: mattress fabrics $ 3,419 $ 2,945 upholstery fabrics 3,998 3,680 unallocated corporate expenses 2,628 2,478 selling, general, and administrative expenses $ 10,045 $ 9,103 (loss) income from operations by segment: mattress fabrics $ ( 936 ) $ ( 9,002 ) upholstery fabrics 1,391 262 unallocated corporate expenses ( 2,628 ) ( 2,478 ) total segment loss from operations $ ( 2,173 ) $ ( 11,218 ) restructuring related credit (charge) (1) 78 ( 98 ) restructuring expense (2) ( 144 ) ( 615 ) loss from operations $ ( 2,239 ) $ ( 11,931 ) interest income 282 79 other income 49 829 loss before income taxes $ ( 1,908 ) $ ( 11,023 ) (1) Gross profit and loss from operations for the three months ending October 29, 2023 , includes restructuring related credits of $ 78,000 for the gain on disposal of inventory related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Gross loss and loss from operations for the three months ending October 30, 2022 , includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. (2) Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Six months ended October 29, 2023 October 30, 2022 net sales by segment: mattress fabrics $ 60,599 $ 55,602 upholstery fabrics 54,788 65,383 net sales $ 115,387 $ 120,985 gross profit (loss): mattress fabrics $ 4,477 $ ( 6,093 ) upholstery fabrics 10,659 8,105 total segment gross profit $ 15,136 $ 2,012 restructuring related charge (1) ( 101 ) ( 98 ) gross profit $ 15,035 $ 1,914 selling, general, and administrative expenses by segment: mattress fabrics $ 6,811 $ 5,829 upholstery fabrics 7,939 7,302 unallocated corporate expenses 5,124 4,837 selling, general, and administrative expenses $ 19,874 $ 17,968 (loss) income from operations by segment: mattress fabrics $ ( 2,334 ) $ ( 11,922 ) upholstery fabrics 2,720 803 unallocated corporate expenses ( 5,124 ) ( 4,837 ) total segment loss from operations $ ( 4,738 ) $ ( 15,956 ) restructuring related charge (1) ( 101 ) ( 98 ) restructuring expense (2) ( 482 ) ( 615 ) loss from operations $ ( 5,321 ) $ ( 16,669 ) interest income 627 96 other income 145 747 loss before income taxes $ ( 4,549 ) $ ( 15,826 ) (1) Gross profit and loss from operations for the six months ending October 29, 2023 , includes a net restructuring related charge of $ 101,000 , which represents a markdown of inventory totaling $ 179,000 during the first quarter of fiscal 2024, partially offset by a gain on disposal of inventory totaling $ 78,000 during the second quarter of fiscal 2024, both of which related to the discontinuation of production of cut and sewn upholstery kits at our facility located in Ouanaminthe, Haiti. Gross profit and loss from operations for the six months ending October 30, 2022 includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. (2) Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Balance sheet information for our operating segments follows: (dollars in thousands) October 29, 2023 October 30, 2022 April 30, 2023 Segment assets: Mattress Fabrics: Accounts receivable, net $ 11,303 $ 8,700 $ 12,396 Inventory 27,195 30,300 25,674 Property, plant and equipment (1) 32,862 35,853 33,749 Right of use assets (2) 1,969 2,087 2,308 Total mattress fabrics assets 73,329 76,940 74,127 Upholstery Fabrics: Accounts receivable, net 11,733 13,743 12,382 Inventory 17,270 21,924 19,406 Property, plant and equipment (3) 1,175 2,150 1,671 Right of use assets (4) 1,992 5,898 2,618 Total upholstery fabrics assets 32,170 43,715 36,077 Total segment assets 105,499 120,655 110,204 Non-segment assets: Cash and cash equivalents 15,214 19,137 20,964 Short-term investments - rabbi trust 937 2,237 1,404 Short-term note receivable 256 — 219 Current income taxes receivable 340 510 — Other current assets 4,346 3,462 3,071 Long-term note receivable 1,596 — 1,726 Deferred income taxes 472 493 480 Property, plant and equipment (5) 627 829 691 Right of use assets (6) 2,913 3,624 3,265 Intangible assets 2,064 2,440 2,252 Long-term investments - rabbi trust 6,995 7,526 7,067 Other assets 901 717 840 Total assets $ 142,160 $ 161,630 $ 152,183 (1) The $ 32.9 million as of October 29, 2023 , represents property, plant, and equipment of $ 22.2 million, $ 10.0 million, and $ 661,000 located in the U.S., Canada, and Haiti, respectively. The $ 35.9 million as of October 30, 2022 , represents property, plant, and equipment of $ 23.8 million, $ 11.4 million, and $ 679,000 located in the U.S., Canada, and Haiti, respectively. 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 $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.3 million and $ 663,000 located in Haiti and Canada, respectively. The $ 2.1 million as of October 30, 2022 , represents right of use assets of $ 1.8 million, $ 167,000 , and $ 164,000 located in Haiti, Canada, and the U.S., respectively. 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. (3) The $ 1.2 million as of October 29, 2023 , represents property, plant, and equipment of $ 1.0 million and $ 140,000 located in the U.S. and China, respectively. The $ 2.2 million as of October 30, 2022 , represents property, plant, and equipment of $ 1.0 million, $ 1.0 million, and $ 137,000 located in the U.S., Haiti, and China, respectively. 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. (4) The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.2 million and $ 818,000 located in China and the U.S., respectively. The $ 5.9 million as of October 30, 2022 , represents right of use assets of $ 2.5 million, $ 2.0 million, and $ 1.4 million located in Haiti, China, and the U.S., respectively. 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. (5) The $ 627,000 , $ 829,000 , and $ 691,000 as of October 29, 2023 , October 30, 2022, and April 30, 2023, respectively, represent property, plant, and equipment associated with unallocated corporate department and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (6) The $ 2.9 million, $ 3.6 million, and $ 3.3 million as of October 29, 2023, October 30, 2022 , and April 30, 2023, respectively, represent right of use assets located in the U.S. Information about capital expenditures and depreciation expense for our operating segments follows: Six months ended (dollars in thousands) October 29, 2023 October 30, 2022 Capital expenditures (1): Mattress Fabrics $ 1,948 $ 267 Upholstery Fabrics 185 447 Unallocated Corporate 80 60 Total capital expenditures $ 2,213 $ 774 Depreciation expense: Mattress Fabrics $ 2,922 $ 3,088 Upholstery Fabrics 329 401 Total depreciation expense $ 3,251 $ 3,489 (1) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Oct. 29, 2023
Income Tax Disclosure [Abstract]
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate	The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the six-month periods ending October 29, 2023, and October 30, 2022: October 29, October 30, 2023 2022 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance ( 32.8 ) ( 36.7 ) Withholding taxes associated with foreign jurisdictions ( 9.9 ) ( 3.3 ) Foreign income tax rate differential ( 5.7 ) 3.2 Stock-based compensation ( 4.2 ) ( 0.6 ) Tax effects of local currency foreign exchange gains 5.1 4.7 Other ( 0.3 ) ( 1.2 ) ( 26.8 %) ( 12.9 )%
Summary of Valuation Allowances Against Net Deferred Income Tax Assets	Based on our assessments as of October 29, 2023, October 30, 2022, and April 30, 2023, valuation allowances against our net deferred income tax assets pertain to the following: (dollars in thousands) October 29, 2023 October 30, 2022 April 30, 2023 U.S. federal and state net deferred income tax assets $ 17,839 $ 13,958 $ 16,345 U.S. capital loss carryforward 2,330 2,330 2,330 $ 20,169 $ 16,288 $ 18,675
Summary of Taxes Paid	The following table sets forth taxes paid by jurisdiction: Six Months Six Months October 29, October 30, (dollars in thousands) 2023 2022 United States Transition Tax Payment $ 499 $ 265 China Income Taxes, Net of Refunds 1,278 1,286 Canada Income Taxes, Net of Refunds 336 161 $ 2,113 $ 1,712

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Oct. 29, 2023
Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units	The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on our outstanding performance-based restricted stock units granted to senior executives on September 28, 2023, August 10, 2022 and July 22, 2021: September 28, August 10, July 22, 2023 2022 2021 Closing price of our common stock $ 5.59 $ 5.06 $ 14.75 Expected volatility of our common stock 37.3 % 48.2 % 54.2 % Expected volatility of peer companies 35.7 %- 91.5 % 41.6 %- 105.1 % 45.7 %- 101.5 % Risk-free interest rate 4.90 % 3.13 % 0.33 % Dividend yield 0.00 % 0.00 % 3.00 % Correlation coefficient of peer companies 0.01 - 0.21 0.05 - 0.23 0.03 - 0.35
Performance Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our performance-based restricted stock units that vested during the six-month period ended October 30, 2022: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2023 (1) 545 $ 3 $ 5.10 Fiscal 2023 (2) 437 $ 2 $ 5.10 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested.
Time-Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our time-based restricted stock units that vested during the six-month periods ending October 29, 2023, and October, 30, 2022, respectively: Time-Based (2) Restricted Stock (1) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2024 151,653 $ 857 $ 5.65 Fiscal 2023 32,799 $ 167 $ 5.10 (1) Dollar amounts are in thousands. (2) Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested.
Executive officers and key employees [Member]
Summary of Grants of Performance Based Restricted Stock Units	The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that were unvested as of October 29, 2023: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period September 28, 2023 (1) 227,497 121,740 $ 6.43 (5) 34 months August 10, 2022 (1) 178,714 — $ 5.77 (6) 3 years July 22, 2021 (1) 122,476 — $ 15.93 (7) 3 years July 22, 2021 (2) 20,500 — $ 14.75 (8) 3 years (1) Performance-based restricted stock units awarded to senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of October 29, 2023. (5) Price per share represents the fair market value per share ($ 1.15 per $1, or an increase of $ 0.84 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 ($ 5.59 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on September 28, 2023. (6) 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. (7) Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. (8) Price per share represents the closing price of our common stock on the date of grant.
Senior Executives and Management [Member] | Time-Based Restricted Stock Units [Member]
Summary of Grants of Time-Based Restricted Stock Unit Awards	The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives, key employees, and outside directors that were unvested as of October 29, 2023: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period September 28, 2023 (2) 100,068 $ 5.59 34 months September 28, 2023 (3) 59,928 $ 5.59 1 year September 6, 2022 (2) 25,114 $ 4.58 2 to 3 years August 10, 2022 (2) 78,225 $ 5.06 3 years July 22, 2021 (2) 30,835 $ 14.75 3 years (1) Price per share represents closing price of common stock on the date the respective award was granted. (2) Time-based restricted stock units awarded to senior executives and key employees. (3) Time-based restricted stock units awarded to outside directors.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Oct. 29, 2023
Assets and Liabilities, Lessee [Abstract]
Summary of right of use assets and lease liabilities	The right of use assets and lease liabilities associated with our operating leases as of October 29, 2023, October 30, 2022, and April 30, 2023, are as follows: (dollars in thousands) October 29, October 30, April 30, Right of use assets $ 6,874 $ 11,609 $ 8,191 Operating lease liability - current 2,540 2,655 2,640 Operating lease liability – noncurrent 2,431 4,194 3,612
Supplemental Cash Flow Information	Supplemental Cash Flow Information Six Months Six Months (dollars in thousands) October 29, 2023 October 30, 2022 Operating lease liability payments $ 1,330 $ 1,068 Right of use assets exchanged for lease liabilities 157 —
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2024, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2024 $ 1,269 2025 1,917 2026 638 2027 342 2028 225 Thereafter 804 $ 5,195 Less: interest ( 224 ) Present value of lease liabilities $ 4,971
Summary of weighted average remaining lease term and discount rate	As of October 29, 2023, the weighted average remaining lease term and discount rate for our operating leases follows: October 29, 2023 Weighted average lease term (in years) 3.79 Weighted average discount rate 3.46 %

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts - Summary of the Activity in the Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($)	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 342,000	$ 292,000
Provision for bad debts	228,000	49,000
Write-offs, net of recoveries	(29,000)	(53,000)
Ending balance	$ 541,000	$ 288,000

Allowance for Doubtful Accoun_4

Allowance for Doubtful Accounts - Narrative (Detail) - USD ($)	Oct. 29, 2023	Apr. 30, 2023	Oct. 30, 2022	May 01, 2022
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 541,000	$ 342,000	$ 288,000	$ 292,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	6 Months Ended
	Oct. 29, 2023 USD ($) Segment	Apr. 30, 2023 USD ($)	Oct. 30, 2022 USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment	2
Contract assets recognized | $	$ 0	$ 0	$ 0

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the activity associated with deferred revenue (Detail) - USD ($) $ in Thousands	6 Months Ended
	Oct. 29, 2023		Oct. 30, 2022
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 1,192	[1]	$ 520
Revenue recognized on contract liabilities	(1,986)		(1,747)
Payments received for services not yet rendered	1,647		2,754
Ending balance	$ 853		$ 1,527
[1] Derived from audited consolidated financial statements.

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 58,725	$ 58,381	$ 115,387	$ 120,985
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	55,571	56,113	109,567	117,008
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	3,154	2,268	5,820	3,977
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	31,377	26,230	60,599	55,602
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	31,377	26,230	60,599	55,602
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	27,348	32,151	54,788	65,383
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	24,194	29,883	48,968	61,406
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 3,154	$ 2,268	$ 5,820	$ 3,977

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023		Oct. 30, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 8,433	$ 7,908		$ 9,859
Work-in-process	2,196	2,602		3,724
Finished goods	33,836	34,570		38,641
Inventories	$ 44,465	$ 45,080	[1]	$ 52,224
[1] Derived from audited consolidated financial statements.

Inventories - Narrative (Detail

Inventories - Narrative (Detail) - USD ($)	3 Months Ended				6 Months Ended
	Oct. 29, 2023	Jul. 30, 2023	Oct. 30, 2022	Oct. 31, 2021	Oct. 29, 2023	Oct. 30, 2022
Inventory [Line Items]
Non-cash inventory charges	$ (1,300,000)		$ 5,300,000		$ (2,000,000)	$ 6,400,000
Non-cash inventory charges					(2,001,000)	6,439,000
Exit of Cut and Sew Upholstery Fabrics Operation [Member] | Ouanaminthe, Haiti [Member]
Inventory [Line Items]
Gain (Loss) on disposal	78,000
Partially offset charge for markdowns of inventory	78,000
Mattress and Upholstery Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges	(1,300,000)		2,300,000		(2,000,000)	3,400,000
Credit related adjustments to inventory	1,200,000				2,100,000
Restructuring related charge					101,000
Mattress Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges	(801,000)		$ 3,800,000		(1,500,000)	4,200,000
Percentage of decline in net sales			35.80%
Gross margin percentage excluding non-cash inventory charges			(8.70%)
Gross margin percentage				15%
Non-cash inventory charges			$ 2,900,000			2,900,000
Upholstery Fabrics [Member]
Inventory [Line Items]
Non-cash inventory charges	(482,000)		1,500,000		$ (453,000)	2,200,000
Upholstery Fabrics [Member] | Disposal and Markdowns of Inventory [Member] | Ouanaminthe, Haiti [Member]
Inventory [Line Items]
Restructuring related charge	$ 78,000	$ 179,000
Upholstery Fabrics [Member] | Disposal and Markdowns of Inventory [Member] | Shanghai, China [Member]
Inventory [Line Items]
Restructuring related charge			$ 98,000			$ 98,000

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023		Oct. 30, 2022	May 01, 2022
Intangible Assets [Line Items]
Tradename	$ 540	$ 540		$ 540
Intangible assets	2,064	2,252	[1]	2,440
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,185	1,335		1,486	$ 1,636
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 339	$ 377		$ 414	$ 452
[1] Derived from audited consolidated financial statements.

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022	Apr. 30, 2023		May 01, 2022
Intangible Assets [Line Items]
Asset impairment charges			$ 0
Gross carrying amount of customer relationships	$ 3,100,000	$ 3,100,000	3,100,000	$ 3,100,000	$ 3,100,000
Incurred operating losses	(2,239,000)	(11,931,000)	(5,321,000)	(16,669,000)
Gross carrying amount of non-compete agreement	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000
Property, plant and equipment, net	34,664,000	38,832,000	34,664,000	38,832,000	36,111,000	[1]
Right of use assets	6,874,000	11,609,000	6,874,000	11,609,000	8,191,000	[1]
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,185,000	1,486,000	1,185,000	1,486,000	1,335,000		$ 1,636,000
Accumulated amortization	1,900,000	1,600,000	1,900,000	1,600,000	1,800,000
Remaining amortization expense for the fiscal year	151,000		151,000
Remaining amortization expense for the first fiscal year	301,000		301,000
Remaining amortization expense for the second fiscal year	301,000		301,000
Remaining amortization expense for the third fiscal year	278,000		278,000
Remaining amortization expense for the fourth fiscal year	52,000		52,000
Remaining amortization expense for the fiscal year thereafter	$ 102,000		$ 102,000
Weighted average remaining amortization period	4 years 3 months 18 days		4 years 3 months 18 days
Customer Relationships [Member] | Minimum [Member]
Intangible Assets [Line Items]
Useful life	9 years		9 years
Customer Relationships [Member] | Maximum [Member]
Intangible Assets [Line Items]
Useful life	17 years		17 years
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Useful life	15 years		15 years
Finite-lived intangible assets, net	$ 339,000	414,000	$ 339,000	414,000	377,000		$ 452,000
Accumulated amortization	1,700,000	1,600,000	1,700,000	$ 1,600,000	$ 1,600,000
Remaining amortization expense for the fiscal year	38,000		38,000
Remaining amortization expense for the first fiscal year	76,000		76,000
Remaining amortization expense for the second fiscal year	76,000		76,000
Remaining amortization expense for the third fiscal year	76,000		76,000
Remaining amortization expense for the fourth fiscal year	$ 73,000		$ 73,000
Weighted average remaining amortization period	4 years 6 months		4 years 6 months
Mattress Asset Group [Member]
Intangible Assets [Line Items]
Carrying amount of asset group, net	$ 35,500,000		$ 35,500,000
Impairment charge			0
Mattress Asset Group [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Incurred operating losses		$ 18,100,000
Mattress Asset Group [Member] | Customer Relationships [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	332,000		332,000
Mattress Asset Group [Member] | Non-Compete Agreement [Member] | Mattress Fabrics [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	339,000		339,000
Mattress Asset Group [Member] | Property, Plant and Equipment [Member]
Intangible Assets [Line Items]
Property, plant and equipment, net	32,800,000		32,800,000
Mattress Asset Group [Member] | Right Of Use Assets [Member]
Intangible Assets [Line Items]
Right of use assets	$ 2,000,000		$ 2,000,000
[1] Derived from audited consolidated financial statements.

Intangible Assets - Summary o_2

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance, net	$ 1,335	$ 1,636
Amortization expense	(150)	(150)
Ending balance, net	1,185	1,486
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance, net	377	452
Amortization expense	(38)	(38)
Ending balance, net	$ 339	$ 414

Note Receivable - Narrative (De

Note Receivable - Narrative (Detail) - USD ($)	3 Months Ended					6 Months Ended
	Oct. 29, 2023		Jan. 29, 2023	Oct. 30, 2022	[1]	Oct. 29, 2023		Oct. 30, 2022	[2]
Note Receivable [Line Items]
Fair value of note receivable	$ 1,852,000					$ 1,852,000
Restructuring expense	144,000	[1]		$ 615,000		$ 482,000	[2]	$ 615,000
Interest rate						6%
CUF Haiti [Member]
Note Receivable [Line Items]
Lease rent advance payment	2,800,000					$ 2,800,000
Return possession of leased facility	$ 2,400,000					$ 2,400,000
Lease expiration date						Dec. 31, 2029
Fair value of note receivable			$ 2,000,000
Gross carrying amount of note receivable			2,400,000
CUF Haiti [Member] | Lease Termination Costs [Member]
Note Receivable [Line Items]
Restructuring expense			$ 434,000
[1] Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China.

Note Receivable - Summary of Re

Note Receivable - Summary of Remaining Future Principal Payments (Details) $ in Thousands	Oct. 29, 2023 USD ($)
Note Receivable [Line Items]
2024	$ 180
2025	360
2026	360
2027	360
2028	360
Thereafter	600
Undiscounted value of note receivable	2,220
Less: unearned interest income	(368)
Present value of note receivable	$ 1,852

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023		Oct. 30, 2022
Payables and Accruals [Abstract]
Compensation, commissions and related benefits	$ 4,540	$ 5,800		$ 4,489
Other accrued expenses	3,566	2,733		3,105
Accrued expenses	$ 8,106	$ 8,533	[1]	$ 7,594
[1] Derived from audited consolidated financial statements.

Upholstery Fabrics Segment Re_3

Upholstery Fabrics Segment Restructuring - Summary of Restructuring Expense and Restructuring Related (Credits) Charges (Detail) - USD ($)		3 Months Ended					6 Months Ended				9 Months Ended
		Oct. 29, 2023		Jul. 30, 2023	Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023
Restructuring related charge
Restructuring expense		$ 144,000	[1]		$ 615,000	[1]	$ 482,000	[2]	$ 615,000	[2]
Ouanaminthe, Haiti [Member]
Restructuring related charge
Restructuring expense		144,000					482,000
Restructuring expense and restructuring related (credits) charges											$ 1,400,000
Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense		144,000					482,000
Shanghai, China [Member]
Restructuring related charge
Restructuring expense					615,000				615,000
Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					615,000				615,000
Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring related charge
Restructuring expense							103,000
Restructuring expense and restructuring related (credits) charges	[3],[4]	66,000					583,000
Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring related charge
Restructuring expense					20,000				20,000
Restructuring expense and restructuring related (credits) charges					713,000				713,000
Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense and restructuring related (credits) charges	[5]				713,000				713,000
Employee Termination Benefits [Member] | Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense		2,000					103,000
Employee Termination Benefits [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					468,000				468,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring related charge
Restructuring expense		2,000					103,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					468,000				468,000
Impairment Loss - Equipment [Member] | Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring related charge
Restructuring expense		142,000					379,000
(Gain) Loss on Disposal and Markdowns of Inventory [Member] | Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring related charge		78,000		$ 179,000
(Gain) Loss on Disposal and Markdowns of Inventory [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring related charge					98,000				98,000
(Gain) Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring related charge
Restructuring related charge		$ (78,000)					$ 101,000
(Gain) Loss on Disposal and Markdowns of Inventory [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring related charge					98,000				98,000
Loss on Disposal of Equipment [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					80,000				80,000
Loss on Disposal of Equipment [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					80,000				80,000
Lease Termination Costs [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					47,000				47,000
Lease Termination Costs [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					47,000				47,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring related charge
Restructuring expense					20,000				20,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member] | Upholstery Fabrics [Member]
Restructuring related charge
Restructuring expense					$ 20,000				$ 20,000
[1] Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the total $ 583,000 , $ 482,000 and $ 101,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the six-month period ending October 29, 2023 . Of the total $ 66,000 , $ 144,000 and ($ 78,000 ) were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month period ending October 29, 2023. Of the total $ 713,000 , $ 615,000 and $ 98,000 were recorded to restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month and six-month periods ending October 30, 2022.

Upholstery Fabrics Segment Re_4

Upholstery Fabrics Segment Restructuring - Summary of Restructuring Expense and Restructuring Related Charges (Parenthetical) (Detail) - USD ($)		3 Months Ended				6 Months Ended				9 Months Ended
		Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 144,000	[1]	$ 615,000	[1]	$ 482,000	[2]	$ 615,000	[2]
Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges										$ 1,400,000
Restructuring expense		144,000				482,000
Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense				615,000				615,000
Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges	[3],[4]	66,000				583,000
Restructuring expense						103,000
Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges				713,000				713,000
Restructuring expense				20,000				20,000
Cost of Sales [Member] | Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge		$ (78,000)				$ 101,000
Cost of Sales [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring related charge				$ 98,000				$ 98,000
[1] Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Of the total $ 583,000 , $ 482,000 and $ 101,000 were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the six-month period ending October 29, 2023 . Of the total $ 66,000 , $ 144,000 and ($ 78,000 ) were recorded within restructuring expense and cost of sales, respectively, in the Consolidated Statement of Net Loss for the three-month period ending October 29, 2023.

Upholstery Fabrics Segment Re_5

Upholstery Fabrics Segment Restructuring - Narrative (Detail) $ in Millions	9 Months Ended
	Oct. 29, 2023 USD ($)
Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense and restructuring related charges	$ 1.4

Upholstery Fabrics Segment Re_6

Upholstery Fabrics Segment Restructuring - Summary of Activity in Accrued Restructuring (Detail) - USD ($)	3 Months Ended				6 Months Ended
	Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022
Restructuring Cost and Reserve [Line Items]
Expenses incurred	$ 144,000	[1]	$ 615,000	[1]	$ 482,000	[2]	$ 615,000	[2]
Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred	144,000				482,000
Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred			615,000				615,000
Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred					103,000
Payments					(103,000)
Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance
Accrual established in fiscal 2023			515,000				515,000
Expenses incurred			20,000				20,000
Payments			(502,000)				(502,000)
Restructuring Reserve, Ending Balance			33,000				33,000
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Ouanaminthe, Haiti [Member]
Restructuring Cost and Reserve [Line Items]
Expenses incurred	$ 2,000				103,000
Payments					$ (103,000)
Employee Termination Benefits [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Accrual established in fiscal 2023			468,000				468,000
Payments			(468,000)				(468,000)
Lease Termination Costs [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance
Accrual established in fiscal 2023			47,000				47,000
Payments			(16,000)				(16,000)
Restructuring Reserve, Ending Balance			31,000				31,000
Other Associated Costs [Member] | Exit and Disposal Activity [Member] | Shanghai, China [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance
Expenses incurred			20,000				20,000
Payments			(18,000)				(18,000)
Restructuring Reserve, Ending Balance			$ 2,000				$ 2,000
[1] Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China.

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail) ¥ in Millions		6 Months Ended
	Jan. 19, 2023 USD ($)	Oct. 29, 2023 USD ($)	Oct. 30, 2022 USD ($)	Oct. 29, 2023 CNY (¥)	Apr. 30, 2023 USD ($)
Revolving Credit Facility [Member] | United States [Member]
Line Of Credit Facility [Line Items]
Applicable interest rate at end of period		6.80%	4.38%	6.80%	6.30%
Reference rate on which the interest rate is based		SOFR
Letters of credit, outstanding amount		$ 535,000	$ 275,000		$ 275,000
Line of credit facility, available borrowing		26,200,000
Outstanding amount		0	0		0
Interest paid during the year		$ 0	8,000
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 percentage of eligible raw material inventory value	65%
Line of credit facility, borrowing base percentage of net-orderly-liquidation value of eligible raw material inventory value	85%
Line of credit facility, borrowing base eligible in-transit inventory value	$ 5,000,000
Line of credit stated amount to determine borrowing base	22,500,000
Debt instrument, interest rate terms		The ABL Facility permits both base rate borrowings and borrowings based upon daily simple SOFR (the secured overnight financing rate administered by the Federal Reserve Bank of New York (or its successor)). Borrowings under the ABL Facility bear interest at an annual rate equal to daily simple SOFR plus 150 basis points (if the average monthly excess availability under the ABL Facility is greater than 50%) or 175 basis 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.
Annual servicing fee	$ 12,000
Line of credit facility, equal to eligible accounts receivable, borrowing base percent	200%
Threshold amount to determine excess borrowing availability	$ 35,000,000
Number of consecutive days in which if no event of default occurs, the compliance period ends	60 days
Line of credit facility, fixed charge ratio	1.1
Line of credit facility, commitment fee percentage	37.50%
Revolving Credit Facility [Member] | United States [Member] | Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Remaining letters of credit		$ 465,000
Revolving Credit Facility [Member] | Minimum [Member] | United States [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] | Minimum [Member] | United States [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] | Minimum [Member] | United States [Member] | SOFR [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	150%
Revolving Credit Facility [Member] | Maximum [Member] | United States [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] | Maximum [Member] | United States [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] | Maximum [Member] | United States [Member] | SOFR [Member] | ABL Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on interest rate	175%
Revolving credit agreements [Member] | China [Member] | Chinese Yuan Renminbi [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity | ¥				¥ 35
Expiration date		Oct. 24, 2024
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		$ 0
Revolving credit agreements [Member] | China [Member] | United States Dollar [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity		$ 4,800,000

Fair Value - Recurring Basis (D

Fair Value - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023	Oct. 30, 2022
U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	$ 7,060	$ 7,649	$ 9,089
Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	560	528	438
Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	46	86	77
Other [Member]
Assets:
Investments at fair value	266	208	159
Quoted prices in active markets for identical assets - Level 1 [Member] | U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	7,060	7,649	9,089
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	560	528	438
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	46	86	77
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 266	$ 208	$ 159

Fair Value - Narrative (Detail)

Fair Value - Narrative (Detail) - USD ($)	Oct. 29, 2023	Apr. 30, 2023		Oct. 30, 2022
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investments (Rabbi Trust) - available for sale	$ 7,900,000	$ 8,500,000		$ 9,800,000
Long-term investments (Rabbi Trust) - available for sale	7,000,000	7,100,000		7,600,000
Short-term investments (Rabbi Trust) - available for sale	937,000	1,404,000	[1]	2,237,000
Accumulated unrealized gain (loss) on investments	$ (6,000)	$ 19,000		$ (21,000)
Investment, Type [Extensible Enumeration]	Investments [Member]	Investments [Member]		Investments [Member]
[1] Derived from audited consolidated financial statements.

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Detail) - shares	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Earnings Per Share [Abstract]
Weighted average shares used in the computation of basic, net loss per share	12,456,000	12,280,000	12,394,000	12,259,000
Weighted average shares used in the computation of diluted, net loss per share	12,456,000	12,280,000	12,394,000	12,259,000

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Unvested Common Stock not Included in the Computation of Diluted Net Loss Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Earnings Per Share [Abstract]
antidilutive effect from decrease in the price per share of our common stock	11	42	20	38
antidilutive effect from net loss incurred during the fiscal year	136	35	105	47
total unvested shares of common stock not included in computation of diluted net loss per share	147	77	125	85

Segment Information - Narrative

Segment Information - Narrative (Detail)	6 Months Ended
	Oct. 29, 2023 Segment
Segment Reporting [Abstract]
Number of operating segments	2
Description of changes in reporting intangible assets in segment assets	Intangible assets are not included in segment assets as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to individual segments, or determine executive compensation.

Segment Information - Statement

Segment Information - Statement of Operations for Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Oct. 29, 2023		Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022
Segment Reporting Information [Line Items]
net sales	$ 58,725		$ 58,381		$ 115,387		$ 120,985
gross profit (loss)	7,950		(2,213)		15,035		1,914
restructuring related credit (charge)	78	[1]	(98)	[1]	(101)	[2]	(98)	[2]
selling, general, and administrative expenses	10,045		9,103		19,874		17,968
loss from operations	(2,239)		(11,931)		(5,321)		(16,669)
restructuring expense	(144)	[3]	(615)	[3]	(482)	[4]	(615)	[4]
interest income	282		79		627		96
other income	49		829		145		747
Loss before income taxes	(1,908)		(11,023)		(4,549)		(15,826)
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	31,377		26,230		60,599		55,602
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	27,348		32,151		54,788		65,383
Operating Segments [Member]
Segment Reporting Information [Line Items]
gross profit (loss)	7,872		(2,115)		15,136		2,012
loss from operations	(2,173)		(11,218)		(4,738)		(15,956)
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	31,377		26,230		60,599		55,602
gross profit (loss)	2,483		(6,057)		4,477		(6,093)
selling, general, and administrative expenses	3,419		2,945		6,811		5,829
loss from operations	(936)		(9,002)		(2,334)		(11,922)
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	27,348		32,151		54,788		65,383
gross profit (loss)	5,389		3,942		10,659		8,105
selling, general, and administrative expenses	3,998		3,680		7,939		7,302
loss from operations	1,391		262		2,720		803
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
gross profit (loss)	78	[1]	(98)	[1]	(101)	[2]	(98)	[2]
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
selling, general, and administrative expenses	2,628		2,478		5,124		4,837
loss from operations	$ (2,628)		$ (2,478)		$ (5,124)		$ (4,837)
[1] Gross profit and loss from operations for the three months ending October 29, 2023 , includes restructuring related credits of $ 78,000 for the gain on disposal of inventory related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Gross loss and loss from operations for the three months ending October 30, 2022 , includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. Gross profit and loss from operations for the six months ending October 29, 2023 , includes a net restructuring related charge of $ 101,000 , which represents a markdown of inventory totaling $ 179,000 during the first quarter of fiscal 2024, partially offset by a gain on disposal of inventory totaling $ 78,000 during the second quarter of fiscal 2024, both of which related to the discontinuation of production of cut and sewn upholstery kits at our facility located in Ouanaminthe, Haiti. Gross profit and loss from operations for the six months ending October 30, 2022 includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China.

Segment Information - Stateme_2

Segment Information - Statement of Operations for Operating Segments (Parenthetical) (Details) - USD ($)	3 Months Ended					6 Months Ended
	Oct. 29, 2023		Jul. 30, 2023	Oct. 30, 2022		Oct. 29, 2023		Oct. 30, 2022
Segment Reporting Information [Line Items]
Restructuring related credit (charge)	$ 78,000	[1]		$ (98,000)	[1]	$ (101,000)	[2]	$ (98,000)	[2]
Restructuring expense	144,000	[3]		615,000	[3]	482,000	[4]	615,000	[4]
Ouanaminthe, Haiti [Member]
Segment Reporting Information [Line Items]
Restructuring expense	144,000					482,000
Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring related credit (charge)	78,000					(101,000)
Restructuring expense	144,000					482,000
Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member] | (Gain) Loss on Disposal and Markdowns of Inventory [Member]
Segment Reporting Information [Line Items]
Restructuring related charge	78,000		$ 179,000
Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member] | Equipment Impairment Charge [Member]
Segment Reporting Information [Line Items]
Restructuring expense	142,000					379,000
Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Segment Reporting Information [Line Items]
Restructuring expense	$ 2,000					$ 103,000
Shanghai, China [Member]
Segment Reporting Information [Line Items]
Restructuring expense				615,000				615,000
Shanghai, China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring related credit (charge)				(98,000)
Restructuring expense				615,000				615,000
Restructuring expense, other associated costs				20,000				20,000
Shanghai, China [Member] | Upholstery Fabrics [Member] | (Gain) Loss on Disposal and Markdowns of Inventory [Member]
Segment Reporting Information [Line Items]
Restructuring related charge				98,000				98,000
Shanghai, China [Member] | Upholstery Fabrics [Member] | Loss on Disposal of Equipment [Member]
Segment Reporting Information [Line Items]
Restructuring expense				80,000				80,000
Shanghai, China [Member] | Upholstery Fabrics [Member] | Lease Termination Costs [Member]
Segment Reporting Information [Line Items]
Restructuring expense				47,000				47,000
Shanghai, China [Member] | Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Segment Reporting Information [Line Items]
Restructuring expense				$ 468,000				$ 468,000
[1] Gross profit and loss from operations for the three months ending October 29, 2023 , includes restructuring related credits of $ 78,000 for the gain on disposal of inventory related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Gross loss and loss from operations for the three months ending October 30, 2022 , includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. Gross profit and loss from operations for the six months ending October 29, 2023 , includes a net restructuring related charge of $ 101,000 , which represents a markdown of inventory totaling $ 179,000 during the first quarter of fiscal 2024, partially offset by a gain on disposal of inventory totaling $ 78,000 during the second quarter of fiscal 2024, both of which related to the discontinuation of production of cut and sewn upholstery kits at our facility located in Ouanaminthe, Haiti. Gross profit and loss from operations for the six months ending October 30, 2022 includes restructuring related charges totaling $ 98,000 for loss on disposal and markdowns of inventory associated with the exit of our cut and sewn upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 144,000 for the three months ended October 29, 2023 , represents a $ 142,000 impairment charge related to equipment and $ 2,000 of employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. Re structuring expense of $ 615,000 for the three-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China. Restructuring expense of $ 482,000 for the six months ended October 29, 2023 , represents a $ 379,000 impairment charge associated with equipment and $ 103,000 for employee termination benefits related to the discontinuation of production of cut and sewn upholstery kits in Ouanaminthe, Haiti. R estructuring expense of $ 615,000 for the six-months ended October 30, 2022 , represents $ 468,000 for employee termination benefits, $ 80,000 related to a loss on disposal of equipment, $ 47,000 for lease termination costs, and $ 20,000 of other associated costs related to the exit of our cut and sew upholstery fabrics operation located in Shanghai, China.

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($)		Oct. 29, 2023		Jul. 30, 2023	Apr. 30, 2023		Oct. 30, 2022
Segment Reporting Information [Line Items]
Accounts receivable, net		$ 23,036,000			$ 24,778,000	[1]	$ 22,443,000
Inventory		44,465,000			45,080,000	[1]	52,224,000
Cash and cash equivalents		15,214,000			20,964,000	[1]	19,137,000
Short-term investments - rabbi trust		937,000			1,404,000	[1]	2,237,000
Short-term note receivable		256,000			219,000	[1]
Current income taxes receivable		340,000					510,000
Other current assets		4,346,000			3,071,000	[1]	3,462,000
Long-term note receivable		1,596,000			1,726,000	[1]
Deferred income taxes		472,000			480,000	[1]	493,000
Property, plant and equipment		34,664,000			36,111,000	[1]	38,832,000
Right of use assets		6,874,000			8,191,000	[1]	11,609,000
Intangible assets		2,064,000			2,252,000	[1]	2,440,000
Long-term investments - rabbi trust		6,995,000			7,067,000	[1]	7,526,000
Other assets		901,000			840,000	[1]	717,000
Total assets		142,160,000			152,183,000	[1]	161,630,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		105,499,000			110,204,000		120,655,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable, net		11,303,000			12,396,000		8,700,000
Inventory		27,195,000			25,674,000		30,300,000
Property, plant and equipment		32,862,000	[2]	$ 32,900,000	33,749,000	[2]	35,853,000	[2]
Right of use assets	[3]	1,969,000			2,308,000		2,087,000
Total assets		73,329,000			74,127,000		76,940,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable, net		11,733,000			12,382,000		13,743,000
Inventory		17,270,000			19,406,000		21,924,000
Property, plant and equipment	[4]	1,175,000			1,671,000		2,150,000
Right of use assets	[5]	1,992,000			2,618,000		5,898,000
Total assets		32,170,000			36,077,000		43,715,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents		15,214,000			20,964,000		19,137,000
Short-term investments - rabbi trust		937,000			1,404,000		2,237,000
Short-term note receivable		256,000			219,000
Current income taxes receivable		340,000					510,000
Other current assets		4,346,000			3,071,000		3,462,000
Long-term note receivable		1,596,000			1,726,000
Deferred income taxes		472,000			480,000		493,000
Property, plant and equipment	[6]	627,000			691,000		829,000
Right of use assets	[7]	2,913,000			3,265,000		3,624,000
Intangible assets		2,064,000			2,252,000		2,440,000
Long-term investments - rabbi trust		6,995,000			7,067,000		7,526,000
Other assets		$ 901,000			$ 840,000		$ 717,000
[1] Derived from audited consolidated financial statements. The $ 32.9 million as of October 29, 2023 , represents property, plant, and equipment of $ 22.2 million, $ 10.0 million, and $ 661,000 located in the U.S., Canada, and Haiti, respectively. The $ 35.9 million as of October 30, 2022 , represents property, plant, and equipment of $ 23.8 million, $ 11.4 million, and $ 679,000 located in the U.S., Canada, and Haiti, respectively. 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. The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.3 million and $ 663,000 located in Haiti and Canada, respectively. The $ 2.1 million as of October 30, 2022 , represents right of use assets of $ 1.8 million, $ 167,000 , and $ 164,000 located in Haiti, Canada, and the U.S., respectively. 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. The $ 1.2 million as of October 29, 2023 , represents property, plant, and equipment of $ 1.0 million and $ 140,000 located in the U.S. and China, respectively. The $ 2.2 million as of October 30, 2022 , represents property, plant, and equipment of $ 1.0 million, $ 1.0 million, and $ 137,000 located in the U.S., Haiti, and China, respectively. 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. The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.2 million and $ 818,000 located in China and the U.S., respectively. The $ 5.9 million as of October 30, 2022 , represents right of use assets of $ 2.5 million, $ 2.0 million, and $ 1.4 million located in Haiti, China, and the U.S., respectively. 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. The $ 627,000 , $ 829,000 , and $ 691,000 as of October 29, 2023 , October 30, 2022, and April 30, 2023, respectively, represent property, plant, and equipment associated with unallocated corporate department and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. The $ 2.9 million, $ 3.6 million, and $ 3.3 million as of October 29, 2023, October 30, 2022 , and April 30, 2023, respectively, represent right of use assets located in the U.S.

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($)		Oct. 29, 2023		Jul. 30, 2023	Apr. 30, 2023		Oct. 30, 2022
Segment Reporting Information [Line Items]
Property, plant and equipment		$ 34,664,000			$ 36,111,000	[1]	$ 38,832,000
Right of use assets		6,874,000			8,191,000	[1]	11,609,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		32,862,000	[2]	$ 32,900,000	33,749,000	[2]	35,853,000	[2]
Right of use assets	[3]	1,969,000			2,308,000		2,087,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[4]	1,175,000			1,671,000		2,150,000
Right of use assets	[5]	1,992,000			2,618,000		5,898,000
Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		22,200,000			22,700,000		23,800,000
Right of use assets							164,000
Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		1,000,000			974,000		1,000,000
Right of use assets		818,000			1,100,000		1,400,000
Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		10,000,000			10,400,000		11,400,000
Right of use assets		663,000			776,000		167,000
Operating Segments [Member] | Ouanaminthe, Haiti [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		661,000			608,000		679,000
Right of use assets		1,300,000			1,500,000		1,800,000
Operating Segments [Member] | Ouanaminthe, Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment					592,000		1,000,000
Right of use assets							2,500,000
Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		140,000			105,000		137,000
Right of use assets		1,200,000			1,500,000		2,000,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[6]	627,000			691,000		829,000
Right of use assets	[7]	2,913,000			3,265,000		3,624,000
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		627,000			691,000		829,000
Right of use assets		$ 2,900,000			$ 3,300,000		$ 3,600,000
[1] Derived from audited consolidated financial statements. The $ 32.9 million as of October 29, 2023 , represents property, plant, and equipment of $ 22.2 million, $ 10.0 million, and $ 661,000 located in the U.S., Canada, and Haiti, respectively. The $ 35.9 million as of October 30, 2022 , represents property, plant, and equipment of $ 23.8 million, $ 11.4 million, and $ 679,000 located in the U.S., Canada, and Haiti, respectively. 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. The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.3 million and $ 663,000 located in Haiti and Canada, respectively. The $ 2.1 million as of October 30, 2022 , represents right of use assets of $ 1.8 million, $ 167,000 , and $ 164,000 located in Haiti, Canada, and the U.S., respectively. 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. The $ 1.2 million as of October 29, 2023 , represents property, plant, and equipment of $ 1.0 million and $ 140,000 located in the U.S. and China, respectively. The $ 2.2 million as of October 30, 2022 , represents property, plant, and equipment of $ 1.0 million, $ 1.0 million, and $ 137,000 located in the U.S., Haiti, and China, respectively. 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. The $ 2.0 million as of October 29, 2023 , represents right of use assets of $ 1.2 million and $ 818,000 located in China and the U.S., respectively. The $ 5.9 million as of October 30, 2022 , represents right of use assets of $ 2.5 million, $ 2.0 million, and $ 1.4 million located in Haiti, China, and the U.S., respectively. 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. The $ 627,000 , $ 829,000 , and $ 691,000 as of October 29, 2023 , October 30, 2022, and April 30, 2023, respectively, represent property, plant, and equipment associated with unallocated corporate department and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. The $ 2.9 million, $ 3.6 million, and $ 3.3 million as of October 29, 2023, October 30, 2022 , and April 30, 2023, respectively, represent right of use assets located in the U.S.

Segment Information - Capital E

Segment Information - Capital Expenditures and Depreciation Expense for Operating Segments (Detail) - USD ($) $ in Thousands		6 Months Ended
		Oct. 29, 2023	Oct. 30, 2022
Segment Reporting Information [Line Items]
Capital expenditures	[1]	$ 2,213	$ 774
Depreciation expense		3,251	3,489
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Capital expenditures	[1]	1,948	267
Depreciation expense		2,922	3,088
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Capital expenditures	[1]	185	447
Depreciation expense		329	401
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Capital expenditures	[1]	$ 80	$ 60
[1] Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Income Taxes [Line Items]
Income taxes	$ 516	$ 1,150	$ 1,217	$ 2,046
Effective income tax rate			(26.80%)	(12.90%)
Pre-tax income (loss)	$ (1,908)	$ (11,023)	$ (4,549)	$ (15,826)
U.S. [Member]
Income Taxes [Line Items]
Pre-tax income (loss)			$ (11,800)	$ (20,700)

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)	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21%	21%
U.S. valuation allowance	(32.80%)	(36.70%)
Withholding taxes associated with foreign jurisdictions	(9.90%)	(3.30%)
Foreign income tax rate differential	(5.70%)	3.20%
Stock-based compensation	(4.20%)	(0.60%)
Tax effects of local currency foreign exchange gains	5.10%	4.70%
Other	(0.30%)	(1.20%)
Effective income tax rate	(26.80%)	(12.90%)

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Net Deferred Income Tax Assets (Detail) - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023	Oct. 30, 2022
Valuation Allowance [Line Items]
Valuation allowance	$ 20,169	$ 18,675	$ 16,288
U.S. Capital Loss Carry Forwards [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,330	2,330	2,330
U.S. Federal and State [Member] | Deferred Income Tax Assets [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 17,839	$ 16,345	$ 13,958

Income Taxes - Undistributed Ea

Income Taxes - Undistributed Earnings - Narrative (Detail) - USD ($) $ in Millions	6 Months Ended
	Oct. 29, 2023	Apr. 30, 2023	Oct. 30, 2022
Income Tax Disclosure [Abstract]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100%
Dividends received deduction, foreign corporation ownership percentage	10%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 4.6	$ 4.2	$ 4

Income Taxes - Uncertain Income

Income Taxes - Uncertain Income Tax Positions - Narrative (Detail) - USD ($) $ in Millions	Oct. 29, 2023	Apr. 30, 2023	Oct. 30, 2022
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1.2
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	1.2	$ 1.2	$ 1.1
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1.2	$ 1.2	$ 1.1

Income Taxes - Summary of Taxes

Income Taxes - Summary of Taxes Paid (Detail) - USD ($) $ in Thousands	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Income Taxes [Line Items]
Total income taxes paid, net of refunds	$ 2,113	$ 1,712
Domestic Tax Authority [Member] | United States [Member]
Income Taxes [Line Items]
United States Transition Tax Payment	499	265
Foreign Tax Authority [Member] | China [Member]
Income Taxes [Line Items]
Total income taxes paid, net of refunds	1,278	1,286
Foreign Tax Authority [Member] | Canada [Member]
Income Taxes [Line Items]
Total income taxes paid, net of refunds	$ 336	$ 161

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)

6 Months Ended

Sep. 28, 2023

Sep. 27, 2023

Jul. 03, 2023

Oct. 03, 2022

Aug. 10, 2022

Jul. 01, 2022

Jul. 22, 2021

Oct. 29, 2023

Oct. 30, 2022

Sep. 16, 2015

Performance Based Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, vested

0

Remaining unrecognized compensation expense

$ 759,000

Weighted average period over which unrecognized compensation expense is expected to be recognized

2 years 8 months 12 days

Fair value of units expected to vest

$ 674,000

Performance Based Restricted Stock Units [Member] | Senior Executives [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, granted

[1],[2]

227,497

178,714

122,476

Share-based compensation award, vested

[3]

545

Price Per Share

[2]

$ 6.43

[4]

$ 5.77

[5]

$ 15.93

[6]

Performance Based Restricted Stock Units [Member] | Key Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, granted

[1],[7]

20,500

Share-based compensation award, vested

[8]

437

Price Per Share

[7],[9]

$ 14.75

Performance Based Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 23,000

$ 2,000

Time-Based Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, vested

151,653

32,799

Remaining unrecognized compensation expense

$ 1,300,000

Weighted average period over which unrecognized compensation expense is expected to be recognized

1 year 10 months 24 days

Fair value of units expected to vest

$ 1,600,000

Time-Based Restricted Stock Units [Member] | Outside Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, granted

[10]

59,928

Price Per Share

[10],[11]

$ 5.59

Time-Based Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

378,000

$ 396,000

Common Stock Awards [Member] | Outside Directors [Member] | Immediate Vesting [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation award, granted

16,616

18,326

19,753

Price Per Share

$ 5.04

$ 4.57

$ 4.24

Common Stock Awards [Member] | Selling, General and Administrative Expenses [Member] | Outside Directors [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based compensation expense

$ 84,000

$ 167,000

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

Amended and Restated Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of common stock authorized for issuance additional

960,000

Number of shares available for future equity based grants

765,399

[1] Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. Performance-based restricted stock units awarded to senior executives. Performance-based restricted stock units vested by senior executives. Price per share represents the fair market value per share ($ 1.15 per $1, or an increase of $ 0.84 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 ($ 5.59 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on September 28, 2023. Price per share represents the fair market value per share ($ 1.14 per $1, or an increase of $ 0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 5.06 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022. Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. Performance-based restricted stock units awarded to key employees. Performance-based restricted stock units vested by key employees. Price per share represents the closing price of our common stock on the date of grant. Time-based restricted stock units awarded to outside directors. Price per share represents closing price of common stock on the date the respective award was granted.

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units (Details) - Executive Officer [Member] - Performance Based Restricted Stock Units [Member] - $ / shares	Sep. 28, 2023	Aug. 10, 2022	Jul. 22, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of our common stock	$ 5.59	$ 5.06	$ 14.75
Expected volatility of our common stock	37.30%	48.20%	54.20%
Risk-free interest rate	4.90%	3.13%	0.33%
Dividend yield	0%	0%	3%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	91.50%	105.10%	101.50%
Correlation coefficient of peer companies	0.21%	0.23%	0.35%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	35.70%	41.60%	45.70%
Correlation coefficient of peer companies	0.01%	0.05%	0.03%

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Grants of Performance-Based Restricted Stock Units Associated with Senior Executives and Key Employees (Detail) - Performance Based Restricted Stock Units [Member] - $ / shares		Sep. 28, 2023		Aug. 10, 2022		Jul. 22, 2021
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded	[1],[2]	227,497		178,714		122,476
Restricted Stock Units Expected to Vest	[2],[3]	121,740
Price Per Share	[2]	$ 6.43	[4]	$ 5.77	[5]	$ 15.93	[6]
Vesting Period	[2]	34 months		3 years		3 years
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded	[1],[7]					20,500
Price Per Share	[7],[8]					$ 14.75
Vesting Period	[7]					3 years
[1] Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. Performance-based restricted stock units awarded to senior executives. Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of October 29, 2023. Price per share represents the fair market value per share ($ 1.15 per $1, or an increase of $ 0.84 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 ($ 5.59 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on September 28, 2023. Price per share represents the fair market value per share ($ 1.14 per $1, or an increase of $ 0.71 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 5.06 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on August 10, 2022. Price per share represents the fair market value per share ($ 1.08 per $1, or an increase of $ 1.18 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($ 14.75 ) for the performance-based component of the performance-based restricted stock units granted to senior executives on July 22, 2021. Performance-based restricted stock units awarded to key employees. Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Grants of Performance-Based Restricted Stock Units Associated with Senior Executives and Key Employees (Parenthetical) (Detail) - Performance Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares	Sep. 28, 2023	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	$ 1.15	$ 1.14	$ 1.08
Fair value adjustment to closing price of common stock, per share	0.84	0.71	1.18
Closing price of common stock	$ 5.59	$ 5.06	$ 14.75

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Vested Performance-Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
		Oct. 29, 2023	Oct. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested		0
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested	[1]		545
Fair Value	[1],[2]		$ 3
Price Per Share	[1],[3]		$ 5.1
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested	[4]		437
Fair Value	[2],[4]		$ 2
Price Per Share	[3],[4]		$ 5.1
[1] Performance-based restricted stock units vested by senior executives. Dollar amounts are in thousands. Price per share is derived from the closing price of our common stock on the date the respective performance-based restricted stock units vested. Performance-based restricted stock units vested by key employees.

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Grants of Time-Based Restricted Stock Unit Awards Associated with Senior Executives and Key Employees (Detail) - Time-Based Restricted Stock Units [Member] - $ / shares		Sep. 28, 2023	Sep. 06, 2022	Aug. 10, 2022	Jul. 22, 2021
Senior Executives and Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-Based Restricted Stock Units Awarded	[1]	100,068	25,114	78,225	30,835
Price Per Share	[1],[2]	$ 5.59	$ 4.58	$ 5.06	$ 14.75
Vesting Period	[1]	34 months		3 years	3 years
Senior Executives and Key Employees [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	[1]		2 years
Senior Executives and Key Employees [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period	[1]		3 years
Outside Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-Based Restricted Stock Units Awarded	[3]	59,928
Price Per Share	[2],[3]	$ 5.59
Vesting Period	[3]	1 year
[1] Time-based restricted stock units awarded to senior executives and key employees. Price per share represents closing price of common stock on the date the respective award was granted. Time-based restricted stock units awarded to outside directors.

Stock-Based Compensation - Su_6

Stock-Based Compensation - Summary of Vested Time-Based Restricted Stock Units (Detail) - Time-Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
		Oct. 29, 2023	Oct. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units Vested		151,653	32,799
Fair Value	[1]	$ 857	$ 167
Price Per Share	[2]	$ 5.65	$ 5.1
[1] Dollar amounts are in thousands. Price per share is derived from the closing price of our common stock on the date the respective time-based restricted stock units vested.

Leases - Narrative (Detail)

Leases - Narrative (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Oct. 29, 2023	Oct. 30, 2022
Lessee, operating lease, option to extend			renewal options for additional periods ranging up to twelve years
Operating lease expenses	$ 781,000	$ 959,000	$ 1,600,000	$ 2,000,000
Minimum [Member]
Operating lease remaining lease terms	1 year		1 year
Maximum [Member]
Operating lease remaining lease terms	8 years		8 years

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	Oct. 29, 2023	Apr. 30, 2023	[1]	Oct. 30, 2022
Assets and Liabilities, Lessee [Abstract]
Right of use assets	$ 6,874	$ 8,191		$ 11,609
Operating lease liability - current	2,540	2,640		2,655
Operating lease liability - noncurrent	$ 2,431	$ 3,612		$ 4,194
[1] Derived from audited consolidated financial statements.

Leases - Operating Leases of Le

Leases - Operating Leases of Lessee Disclosure (Details) - USD ($) $ in Thousands	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 1,330	$ 1,068
Right of use assets exchanged for lease liabilities	$ 157

Leases - Lessee Operating Lea_2

Leases - Lessee Operating Lease Liability Maturity (Details) $ in Thousands	Oct. 29, 2023 USD ($)
Lessee Disclosure [Abstract]
2024	$ 1,269
2025	1,917
2026	638
2027	342
2028	225
Thereafter	804
Total	5,195
Less: interest	(224)
Present value of lease liabilities	$ 4,971

Leases - Weighted Average Lease

Leases - Weighted Average Lease Term and Discount Rate (Detail)	Oct. 29, 2023
Lessee Disclosure [Abstract]
Weighted average lease term (in years)	3 years 9 months 14 days
Weighted average discount rate	3.46%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail) - USD ($)	Oct. 29, 2023	Apr. 30, 2023	[1]	Oct. 30, 2022
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures	$ 298,000	$ 56,000		$ 200,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment	$ 1,600,000
[1] Derived from audited consolidated financial statements.

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subisidiary [Member] - China [Member] $ in Millions	6 Months Ended
	Oct. 29, 2023 USD ($)
Statutory Reserves [Line Items]
Percentage of net income required to be transferred to a statutory surplus reserve fund	10%
Maximum required percentage of statutory surplus reserve fund to registered capital	50%
Percentage of statutory surplus reserve fund to registered capital	50%
Statutory surplus reserve fund balance	$ 4
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) - Common Stock [Member] - USD ($)	6 Months Ended
	Oct. 29, 2023	Oct. 30, 2022	Mar. 31, 2020
Stockholders Equity Note [Line Items]
Common stock repurchased	0	0
Remaining authorized repurchase amount	$ 3,200,000
Stock Repurchase Program March 2020 [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock			$ 5,000,000