Culp (CULP) 8-K Results of Operations and Financial Condition

Exhibit 99(b)

Page 1 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS AND NINE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

(UNAUDITED)

(Amounts in Thousands, Except for Per Share Data)

	THREE MONTHS ENDED
	Amounts										Percent of Sales
	January 31,			February 1,			% Over				January 31,				February 1,
	2010			2009			(Under)				2010				2009
Net sales	$	53,980			44,592			21.1		%		100.0		%		100.0		%
Cost of sales		43,323			38,843			11.5		%		80.3		%		87.1		%
Gross Profit		10,657			5,749			85.4		%		19.7		%		12.9		%
Selling, general and
administrative expenses		6,435			4,676			37.6		%		11.9		%		10.5		%
Restructuring expense		26			402			(93.5	)	%		0.0		%		0.9		%
Income from operations		4,196			671		N.M.					7.8		%		1.5		%
Interest expense		327			646			(49.4	)	%		0.6		%		1.4		%
Interest income		(52	)		(20	)		160.0		%		(0.1	)	%		(0.0	)	%
Other expense		96			28			242.9		%		0.2		%		0.1		%
Income before income taxes		3,825			17		N.M.					7.1		%		0.0		%
Income taxes*		825			467			76.7		%		21.6		%	N.M.
Net income (loss)	$	3,000			(450	)	N.M.					5.6		%		(1.0	)	%
Net  income (loss) per share-basic	$	0.24		$	(0.04	)	N.M.
Net income (loss) per share-diluted	$	0.23		$	(0.04	)	N.M.
Average shares outstanding-basic		12,713			12,653			0.5		%
Average shares outstanding-diluted		13,074			12,653			3.3		%
	NINE MONTHS ENDED
	Amounts										Percent of Sales
	January 31,			February 1,			% Over				January 31,				February 1,
	2010			2009			(Under)				2010				2009
Net sales	$	149,173			156,176			(4.5	)	%		100.0		%		100.0		%
Cost of sales		121,795			139,879			(12.9	)	%		81.6		%		89.6		%
Gross Profit		27,378			16,297			68.0		%		18.4		%		10.4		%
Selling, general and
administrative expenses		16,716			14,498			15.3		%		11.2		%		9.3		%
Restructuring (credit) expense		(317	)		9,438		N.M.					(0.2	)	%		6.0		%
Income (loss) from operations		10,979			(7,639	)	N.M.					7.4		%		(4.9	)	%
Interest expense		1,026			1,739			(41.0	)	%		0.7		%		1.1		%
Interest income		(81	)		(75	)		8.0		%		(0.1	)	%		(0.0	)	%
Other expense (income)		714			(207	)	N.M.					0.5		%		(0.1	)	%
Income (loss) before income taxes		9,320			(9,096	)	N.M.					6.2		%		(5.8	)	%
Income taxes*		1,565			31,442		N.M.					16.8		%	N.M.
Net income (loss)	$	7,755			(40,538	)	N.M.					5.2		%		(26.0	)	%
Net income (loss) per share-basic	$	0.61		$	(3.20	)	N.M.
Net income (loss) per share-diluted	$	0.60		$	(3.20	)	N.M.
Average shares outstanding-basic		12,679			12,650			0.2		%
Average shares outstanding-diluted		12,960			12,650			2.5		%
* Percent of sales column for income taxes is calculated as a % of income (loss) before income taxes.

Page 2 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

CONSOLIDATED BALANCE SHEETS

JANUARY 31, 2010, FEBRUARY 1, 2009 AND MAY 3, 2009

Unaudited

(Amounts in Thousands)

	Amounts				Increase
	January 31,		February 1,		(Decrease)						* May 3,
	2010		2009		Dollars			Percent			2009
Current assets
Cash and cash equivalents	$	19,015		15,809		3,206			20.3	%		11,797
Accounts receivable		20,871		14,219		6,652			46.8	%		18,116
Inventories		24,366		25,376		(1,010	)		(4.0	) %		23,978
Deferred income taxes		57		-		57			100.0	%		54
Assets held for sale		98		1,681		(1,583	)		(94.2	) %		1,209
Income taxes receivable		331		-		331			100.0	%		210
Other current assets		1,217		1,493		(276	)		(18.5	) %		1,264
Total current assets		65,955		58,578		7,377			12.6	%		56,628
Property, plant & equipment, net		26,431		24,763		1,668			6.7	%		24,253
Goodwill		11,462		11,593		(131	)		(1.1	) %		11,593
Other assets		2,660		2,922		(262	)		(9.0	) %		2,820
Total assets	$	106,508		97,856		8,652			8.8	%		95,294
Current liabilities
Current maturities of long-term debt	$	4,880		7,180		(2,300	)		(32.0	) %		4,764
Current portion of obligation under a capital lease		107		692		(585	)		(84.5	) %		626
Accounts payable - trade		18,649		10,947		7,702			70.4	%		17,030
Accounts payable - capital expenditures		790		725		65			9.0	%		923
Accrued expenses		8,144		5,592		2,552			45.6	%		6,504
Accrued restructuring		362		1,215		(853	)		(70.2	) %		853
Income taxes payable - current		153		1,469		(1,316	)		(89.6	) %		83
Total current liabilities		33,085		27,820		5,265			18.9	%		30,783
Accounts payable - capital expenditures		188		912		(724	)		(79.4	) %		638
Income taxes payable - long-term		3,690		747		2,943			394.0	%		3,264
Deferred income taxes		1,092		1,213		(121	)		(10.0	) %		974
Obligation under capital lease		-		107		(107	)		(100.0	) %		-
Long-term debt , less current maturities		11,529		20,933		(9,404	)		(44.9	) %		11,604
Total liabilities		49,584		51,732		(2,148	)		(4.2	) %		47,263
Shareholders' equity		56,924		46,124		10,800			23.4	%		48,031
Total liabilities and
shareholders' equity	$	106,508		97,856		8,652			8.8	%		95,294
Shares outstanding		12,935		12,768		167			1.3	%		12,768
* Derived from audited financial statements.

Page 3 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

Unaudited

(Amounts in Thousands)

		NINE MONTHS ENDED
		Amounts
		January 31,			February 1,
		2010			2009 (2)
Cash flows from operating activities:
Net income (loss)		$	7,755			(40,538	)
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation			3,042			5,756
Amortization of other assets			416			350
Stock-based compensation			695			306
Excess tax benefits related to stock-based compensation			(182	)		-
Deferred income taxes			190			33,816
Gain on sale of equipment			(72	)		(51	)
Restructuring expenses, net of gain on sale of related assets			(127	)		7,960
Foreign currency exchange losses (gains)			613			(313	)
Changes in assets and liabilities, net of effects of acquisition of business:
Accounts receivable			(2,742	)		12,820
Inventories			(385	)		11,452
Other current assets			46			(200	)
Other assets			(48	)		26
Accounts payable			1,558			(11,347	)
Accrued expenses			1,555			(2,668	)
Accrued restructuring			(491	)		(217	)
Income taxes			109			(2,289	)
Net cash provided by operating activities			11,932			14,863
Cash flows from investing activities:
Capital expenditures			(4,209	)		(1,719	)
Net cash paid for acquisition of business			-			(11,365	)
Proceeds from the sale of buildings and equipment			513			4,148
Net cash used in investing activities			(3,696	)		(8,936	)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt			-			11,000
Payments on vendor-financed capital expenditures			(797	)		(962	)
Payments on capital lease obligation			(519	)		(586	)
Payments on long-term debt			(32	)		(4,310	)
Debt issuance costs			(15	)		(133	)
Proceeds from common stock issued			250			21
Excess tax benefits related to stock-based compensation			182			-
Net cash (used in) provided by financing activities			(931	)		5,030
Effect of exchange rate changes on cash and cash equivalents			(87	)		(62	)
Increase in cash and cash equivalents			7,218			10,895
Cash and cash equivalents at beginning of period			11,797			4,914
Cash and cash equivalents at end of period		$	19,015			15,809
Free Cash Flow (1)		$	7,015			15,682
(1) Free Cash Flow reconciliation is as follows:		3rd Qtr			3rd Qtr
		FY 2010			FY 2009
A)	Net cash provided by operating activities	$	11,932			14,863
B)	Minus:  Capital Expenditures		(4,209	)		(1,719	)
C)	Add:     Proceeds from the sale of buildings and equipment		513			4,148
D)	Minus:  Payments on vendor-financed capital expenditures		(797	)		(962	)
E)	Minus:  Payments on capital lease obligation		(519	)		(586	)
F)	Add:     Excess tax benefits related to stock-based compensation		182			-
G)	Effects of exchange rate changes on cash and cash equivalents		(87	)		(62	)
		$	7,015			15,682
(2)	Certain prior year amounts have been reclassified to conform to current year presentation to reflect the effects of foreign exchange losses and gains on operating cash flows and cash and cash equivalents held as of February 1, 2009. Reclassifications are not material to total net cash provided by operating activities, total net cash used in investing activities, and total net cash provided by financing activities.

Page 4 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

STATEMENTS OF OPERATIONS BY SEGMENT

FOR THE THREE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

(Amounts in thousands)

	THREE MONTHS ENDED (UNAUDITED)
	Amounts										Percent of Total Sales
	January 31,			February 1,			% Over				January 31,				February 1,
Net Sales by Segment	2010			2009			(Under)				2010				2009
Mattress Fabrics	$	26,953			25,198			7.0		%		49.9		%		56.5		%
Upholstery Fabrics		27,027			19,394			39.4		%		50.1		%		43.5		%
Net Sales	$	53,980			44,592			21.1		%		100.0		%		100.0		%
Gross Profit by Segment											Gross Profit Margin
Mattress Fabrics	$	5,587			4,176			33.8		%		20.7		%		16.6		%
Upholstery Fabrics		5,098			1,931			164.0		%		18.9		%		10.0		%
Subtotal		10,685			6,107			75.0		%		19.8		%		13.7		%
Restructuring related charges		(28	)		(358	)		(92.2	)	%		(0.1	)	%		(0.8	)	%
Gross Profit	$	10,657			5,749			85.4		%		19.7		%		12.9		%
Selling, General and Administrative expenses by Segment											Percent of Sales
Mattress Fabrics	$	2,031			1,941			4.6		%		7.5		%		7.7		%
Upholstery Fabrics		2,627			1,880			39.7		%		9.7		%		9.7		%
Unallocated Corporate		1,777			838			112.1		%		3.3		%		1.9		%
		6,435			4,659			38.1		%		11.9		%		10.4		%
Restructuring related charges		-			17			(100.0	)	%		0.0		%		0.0		%
Selling, General and Administrative expenses	$	6,435			4,676			37.6		%		11.9		%		10.5		%
Operating Income (loss) by Segment											Operating Income (Loss) Margin
Mattress Fabrics	$	3,556			2,235			59.1		%		13.2		%		8.9		%
Upholstery Fabrics		2,471			51		N.M.					9.1		%		0.3		%
Unallocated Corporate		(1,777	)		(838	)		112.1		%		(3.3	)	%		(1.9	)	%
Subtotal		4,250			1,448			193.5		%		7.9		%		3.2		%
Restructuring expense and restructuring related charges		(54	)		(777	)		(93.1	)	%		(0.1	)	%		(1.7	)	%
Income from operations	$	4,196			671		N.M.					7.8		%		1.5		%
Depreciation by Segment
Mattress Fabrics	$	842			941			(10.5	)	%
Upholstery Fabrics		149			92			62.0		%
Total Depreciation		991			1,033			(4.1	)	%
Notes:
See page 6 for detailed explanations of restructuring expense and restructuring related charges.

Page 5 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

STATEMENTS OF OPERATIONS BY SEGMENT

FOR THE NINE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

(Amounts in thousands)

	NINE MONTHS ENDED (UNAUDITED)
	Amounts										Percent of Total Sales
	January 31,			February 1,			% Over				January 31,				February 1,
Net Sales by Segment	2010			2009			(Under)				2010				2009
Mattress Fabrics	$	81,429			88,808			(8.3	)	%		54.6		%		56.9		%
Upholstery Fabrics		67,744			67,368			0.6		%		45.4		%		43.1		%
Net Sales	$	149,173			156,176			(4.5	)	%		100.0		%		100.0		%
Gross Profit by Segment											Gross Profit Margin
Mattress Fabrics	$	16,245			15,603			4.1		%		19.9		%		17.6		%
Upholstery Fabrics		11,175			4,277			161.3		%		16.5		%		6.3		%
Subtotal		27,420			19,880			37.9		%		18.4		%		12.7		%
Restructuring related charges		(42	)		(3,583	)		(98.8	)	%		(0.0	)	%		(2.3	)	%
Gross Profit	$	27,378			16,297			68.0		%		18.4		%		10.4		%
Selling, General and Administrative expenses by Segment												Percent of Sales
Mattress Fabrics	$	5,696			5,902			(3.5	)	%		7.0		%		6.6		%
Upholstery Fabrics		6,843			6,444			6.2		%		10.1		%		9.6		%
Unallocated Corporate		4,177			2,131			96.0		%		2.8		%		1.4		%
Subtotal		16,716			14,477			15.5		%		11.2		%		9.3		%
Restructuring related charges		-			21			(100.0	)	%		0.0		%		0.0		%
Selling, General and Administrative expenses	$	16,716			14,498			15.3		%		11.2		%		9.3		%
Operating Income (loss)  by Segment											Operating Income (Loss) Margin
Mattress Fabrics	$	10,549			9,702			8.7		%		13.0		%		10.9		%
Upholstery Fabrics		4,332			(2,168	)	N.M.					6.4		%		(3.2	)	%
Unallocated Corporate		(4,177	)		(2,131	)		96.0		%		(2.8	)	%		(1.4	)	%
Subtotal		10,704			5,403			98.1		%		7.2		%		3.5		%
Restructuring (credit) expense and restructuring related charges		275			(13,042	)	N.M.					0.2		%		(8.4	)	%
Income (loss) from operations	$	10,979			(7,639	)	N.M.					7.4		%		(4.9	)	%
Depreciation by Segment
Mattress Fabrics	$	2,620			2,617			0.1		%
Upholstery Fabrics		422			1,049			(59.8	)	%
Subtotal		3,042			3,666			(17.0	)	%
Accelerated Depreciation		-			2,090			100.0		%
Total Depreciation		3,042			5,756			(47.2	)	%
Notes:
See page 7 for detailed explanations of restructuring (credit) expense and restructuring related charges.

Page 6 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

ADJUSTED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

(Unaudited)

(Amounts in Thousands, Except for Per Share Data)

	THREE MONTHS ENDED
	As Reported													January 31, 2010						As Reported													February 1, 2009						Adjusted
	January 31,			% of						% of				Adjusted			% of			February 1,			% of						% of				Adjusted			% of			% Over
	2010			Sales			Adjustments			Sales				Results			Sales			2009			Sales			Adjustments			Sales				Results			Sales			(Under)
Net sales	$	53,980			100.0	%		-							53,980			100.0	%		44,592			100.0	%		-							44,592			100.0	%		21.1	%
Cost of sales		43,323			80.3	%		(28	)		-0.1	%	(1)		43,295			80.2	%		38,843			87.1	%		(358	)		-0.8	%	(3)		38,485			86.3	%		12.5	%
Gross Profit		10,657			19.7	%		(28	)		-0.1	%			10,685			19.8	%		5,749			12.9	%		(358	)		-0.8	%			6,107			13.7	%		75.0	%
Selling, general and
administrative expenses		6,435			11.9	%		-			0.0	%			6,435			11.9	%		4,676			10.5	%		(17	)		0.0	%	(3)		4,659			10.4	%		38.1	%
Restructuring expense		26			0.0	%		(26	)		0.0	%	(2)		-			0.0	%		402			0.9	%		(402	)		-0.9	%	(4)		-			0.0	%		0.0	%
Income from operations		4,196			7.8	%		(54	)		-0.1	%			4,250			7.9	%		671			1.5	%		(777	)		-1.7	%			1,448			3.2	%		193.5	%
Interest expense		327			0.6	%		-			0.0	%			327			0.6	%		646			1.4	%		-			0.0	%			646			1.4	%		-49.4	%
Interest income		(52	)		-0.1	%		-			0.0	%			(52	)		-0.1	%		(20	)		0.0	%		-			0.0	%			(20	)		0.0	%		160.0	%
Other expense		96			0.2	%		-			0.0	%			96			0.2	%		28			0.1	%		-			0.0	%			28			0.1	%		242.9	%
Income before income taxes	$	3,825			7.1	%		(54	)		-0.1	%	(5)		3,879			7.2	%		17			0.0	%		(777	)		-1.7	%	(6)		794			1.8	%		388.5	%

Notes:

(1)   The $28 restructuring related charge represents other operating costs associated with closed plant facilities.

(2)   The $26 restructuring charge represents $40 for lease termination and other exit costs offset by a credit of $14 for sales proceeds received on equipment with no carrying value.

(3)   The $358 restructuring related charge represents $322 for inventory markdowns and $36 for other operating costs associated with closed plant facilities. The $17 restructuring related charge represents other operating costs associated with closed plant facilities.

(4)   The $402 restructuring charge represents $234 for lease termination and other exit costs, $148 for write-downs of equipment, and $20 for employee termination benefits. The lease termination and other exit costs of $234 primarily relate to the sale of the company's corporate headquarters.

(5)   The $54 represents a cash charge.

(6)   Of this total charge, $273 and $504 represent cash and non-cash charges, respectively.

Page 7 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE

ADJUSTED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE NINE MONTHS ENDED JANUARY 31, 2010 AND FEBRUARY 1, 2009

(Unaudited)

(Amounts in Thousands, Except for Per Share Data)

	NINE MONTHS ENDED
	As Reported													January 31, 2010						As Reported													February 1, 2009						Adjusted
	January 31,			% of						% of				Adjusted			% of			February 1,			% of						% of				Adjusted			% of			% Over
	2010			Sales			Adjustments			Sales				Results			Sales			2009			Sales			Adjustments			Sales				Results			Sales			(Under)
Net sales	$	149,173			100.0	%		-							149,173			100.0	%		156,176			100.0	%		-							156,176			100.0	%		-4.5	%
Cost of sales		121,795			81.6	%		(42	)		0.0	%	(1)		121,753			81.6	%		139,879			89.6	%		(3,583	)		-2.3	%	(3)		136,296			87.3	%		-10.7	%
Gross Profit		27,378			18.4	%		(42	)		0.0	%			27,420			18.4	%		16,297			10.4	%		(3,583	)		-2.3	%			19,880			12.7	%		37.9	%
Selling, general and
administrative expenses		16,716			11.2	%		-			0.0	%			16,716			11.2	%		14,498			9.3	%		(21	)		0.0	%	(3)		14,477			9.3	%		15.5	%
Restructuring (credit) expense		(317	)		-0.2	%		317			0.2	%	(2)		-			0.0	%		9,438			6.0	%		(9,438	)		-6.0	%	(4)		-			0.0	%		0.0	%
Income (loss) from operations		10,979			7.4	%		275			0.2	%			10,704			7.2	%		(7,639	)		-4.9	%		(13,042	)		-8.4	%			5,403			3.5	%		98.1	%
Interest expense		1,026			0.7	%		-			0.0	%			1,026			0.7	%		1,739			1.1	%		-			0.0	%			1,739			1.1	%		-41.0	%
Interest income		(81	)		-0.1	%		-			0.0	%			(81	)		-0.1	%		(75	)		0.0	%		-			0.0	%			(75	)		0.0	%		8.0	%
Other expense (income)		714			0.5	%		-			0.0	%			714			0.5	%		(207	)		-0.1	%		-			0.0	%			(207	)		-0.1	%	-	444.9	%
Income (loss) before income taxes	$	9,320			6.2	%		275			0.2	%	(5)		9,045			6.1	%		(9,096	)		-5.8	%		(13,042	)		-8.4	%	(6)		3,946			2.5	%		129.2	%

Notes:

(1)   The $42 restructuring related charge represents $92 for other operating costs associated with closed plant facilities offset by a credit of $50 for inventory markdowns.

(2)   The $317 restructuring credit represents a credit of $169 for employee termination benefits, a credit of $127 for sales proceeds recevied on equipment with no carrying value, and a credit of $21 for lease termination and other exit costs.

(3)   The $3.6 million restructuring related charge represents $2.1 million for accelerated depreciation, $1.4 million for inventory markdowns, and $63 for other operating costs associated with closed plant facilities. The $21 restructuring related charge represents other operating costs associated with closed plant facilities.

(4)   The $9.4 million restructuring charge represents $8.0 million for write-downs of equipment and buildings, $797 for employee termination benefits, and $681 for lease termination and other exit costs.

(5)   Of this total credit, $225 and $50 represent cash and non-cash credits, respectively.

(6)   Of this total charge, $1.5  million and $11.5 million represent cash and non-cash charges, respectively.

Page 8 of 8

	CULP, INC. FINANCIAL INFORMATION RELEASE
	RETURN ON CAPITAL EMPLOYED BY SEGMENT
	FOR THE NINE MONTHS ENDED JANUARY 31, 2010
	(UNAUDITED)
	Operating
	Income						Return on
	Nine Months			Average			Avg.
	Ended			Capital			Capital
	January 31,			Employed			Employed
	2010 (1)			(3)			(2)
Mattress Fabrics	$	10,549		$	47,373			29.7	%
Upholstery Fabrics		4,332			10,269			56.2	%
(less: Unallocated Corporate)		(4,177	)		(5,596	)		N/A
Total	$	10,704		$	52,046			27.4	%
Average Capital Employed	As of the three Months Ended January 31, 2010												As of the three Months Ended November 1, 2009												As of the three Months Ended August 2, 2009
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total
Total assets		58,609			25,928			21,971			106,508			56,686			19,598			22,496			98,780			57,772			16,128			18,511			92,411
Total liabilities		(10,066	)		(13,527	)		(25,991	)		(49,584	)		(10,625	)		(10,461	)		(24,416	)		(45,502	)		(10,138	)		(7,670	)		(24,427	)		(42,235	)
Subtotal	$	48,543		$	12,401		$	(4,020	)	$	56,924		$	46,061		$	9,137		$	(1,920	)	$	53,278		$	47,634		$	8,458		$	(5,916	)	$	50,176
Less:
Cash and cash equivalents		-						(19,015	)	$	(19,015	)		-			-			(19,575	)		(19,575	)		-						(15,481	)	$	(15,481	)
Current maturities of long-term debt		-						4,880			4,880			-			-			4,863			4,863			-						4,817			4,817
Long-term debt, less current maturities								11,529			11,529						-			11,568			11,568									11,618			11,618
Total Capital Employed	$	48,543		$	12,401		$	(6,626	)	$	54,318		$	46,061		$	9,137		$	(5,064	)	$	50,134		$	47,634		$	8,458		$	(4,962	)	$	51,130
	As of the three Months Ended May 3, 2009
	Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total
Total assets		58,626			22,078			14,590			95,294
Total liabilities		(11,372	)		(10,999	)		(24,892	)		(47,263	)
Subtotal	$	47,254		$	11,079		$	(10,302	)	$	48,031
Less:
Cash and cash equivalents		-						(11,797	)	$	(11,797	)
Current maturities of long-term debt		-						4,764			4,764
Long-term debt, less current maturities								11,604			11,604
Total Capital Employed	$	47,254		$	11,079		$	(5,731	)	$	52,602
	Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total
Average Capital Employed (3)	$	47,373		$	10,269		$	(5,596	)	$	52,046

Notes:

(1)   Operating income excludes restructuring and related charges--see reconciliation per page 5 of this financial information release.

(2)   Return on average capital employed represents operating income for the 9 month period ending January 31, 2010 divided by 3 quarters times 4 quarters to arrive at an annualized value then divided by average capital employed. Average capital employed does not include cash and cash equivalents, long-term debt, including current maturities and shareholders' equity.

(3)   Average capital employed computed using the four periods ending May 3,2009, August 2,2009, November 1, 2009, and January 31, 2010.