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 TWELVE MONTHS ENDED MAY 2, 2010 AND MAY 3, 2009
(UNAUDITED)
(Amounts in Thousands, Except for Per Share Data)
	THREE MONTHS ENDED
	Amounts										Percent of Sales
	May 2,			May 3,			% Over				May 2,				May 3,
	2010			2009			(Under)				2010				2009
Net sales	$	57,243		$	47,762			19.9		%		100.0		%		100.0		%
Cost of sales		45,843			39,408			16.3		%		80.1		%		82.5		%
Gross profit		11,400			8,354			36.5		%		19.9		%		17.5		%
Selling, general and
administrative expenses		6,090			5,252			16.0		%		10.6		%		11.0		%
Restructuring (credit) expense		(52	)		33		N.M.					(0.1	)	%		0.1		%
Income from operations		5,362			3,069			74.7		%		9.4		%		6.4		%
Interest expense		288			620			(53.5	)	%		0.5		%		1.3		%
Interest income		(36	)		(14	)		157.1		%		(0.1	)	%		(0.0	)	%
Other expense		114			251			(54.6	)	%		0.2		%		0.5		%
Income before income taxes		4,996			2,212			125.9		%		8.7		%		4.6		%
Income taxes*		(436	)		517		N.M.					(8.7	)	%		23.4		%
Net income	$	5,432		$	1,695			220.5		%		9.5		%		3.5		%
Net income per share-basic	$	0.42		$	0.13			223.1		%
Net income per share-diluted	$	0.41		$	0.13			215.4		%
Average shares outstanding-basic		12,801			12,653			1.2		%
Average shares outstanding-diluted		13,200			12,694			4.0		%
	TWELVE MONTHS ENDED
	Amounts										Percent of Sales
	May 2,			May 3,			% Over				May 2,				May 3,
	2010			2009 (1)			(Under)				2010				2009
Net sales	$	206,416		$	203,938			1.2		%		100.0		%		100.0		%
Cost of sales		167,639			179,286			(6.5	)	%		81.2		%		87.9		%
Gross profit		38,777			24,652			57.3		%		18.8		%		12.1		%
Selling, general and
administrative expenses		22,805			19,751			15.5		%		11.0		%		9.7		%
Restructuring (credit) expense		(370	)		9,471		N.M.					(0.2	)	%		4.6		%
Income (loss) from operations		16,342			(4,570	)	N.M.					7.9		%		(2.2	)	%
Interest expense		1,314			2,359			(44.3	)	%		0.6		%		1.2		%
Interest income		(116	)		(89	)		30.3		%		(0.1	)	%		(0.0	)	%
Other expense		828			43		N.M.					0.4		%		0.0		%
Income (loss) before income taxes		14,316			(6,883	)		(308.0	)	%		6.9		%		(3.4	)	%
Income taxes*		1,128			31,959		N.M.					7.9		%	N.M.
Net income (loss)	$	13,188		$	(38,842	)		(134.0	)	%		6.4		%		(19.0	)	%
Net income (loss) per share-basic	$	1.04		$	(3.07	)		(133.9	)	%
Net income (loss) per share-diluted	$	1.01		$	(3.07	)		(132.9	)	%
Average shares outstanding-basic		12,709			12,651			0.5		%
Average shares outstanding-diluted		13,057			12,651			3.2		%

* Percent of sales column for income taxes is calculated as a % of income (loss) before income taxes.

(1)  Derived from audited financial statements.

Page 2 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED BALANCE SHEETS
MAY 2, 2010 AND MAY 3, 2009
Unaudited
(Amounts in Thousands)
	Amounts				Increase
	May 2,		* May 3,		(Decrease)
	2010		2009		Dollars			Percent
Current assets
Cash and cash equivalents	$	18,295	$	11,797		6,498			55.1		%
Short-term investments		3,023		-		3,023			100.0		%
Accounts receivable		19,822		18,116		1,706			9.4		%
Inventories		26,002		23,978		2,024			8.4		%
Deferred income taxes		150		54		96			177.8		%
Assets held for sale		123		1,209		(1,086	)		(89.8	)	%
Income taxes receivable		728		210		518			246.7		%
Other current assets		1,698		1,264		434			34.3		%
Total current assets		69,841		56,628		13,213			23.3		%
Property, plant and equipment, net		28,403		24,253		4,150			17.1		%
Goodwill		11,462		11,593		(131	)		(1.1	)	%
Deferred income taxes		324		-		324			100.0		%
Other assets		2,568		2,820		(252	)		(8.9	)	%
Total assets	$	112,598	$	95,294		17,304			18.2		%
Current liabilities
Current maturities of long-term debt	$	196	$	4,764		(4,568	)		(95.9	)	%
Current portion of an obligation under capital lease		-		626		(626	)		(100.0	)	%
Accounts payable - trade		22,278		17,030		5,248			30.8		%
Accounts payable - capital expenditures		567		923		(356	)		(38.6	)	%
Accrued expenses		9,613		6,504		3,109			47.8		%
Accrued restructuring		324		853		(529	)		(62.0	)	%
Income taxes payable - current		224		83		141			169.9		%
Total current liabilities		33,202		30,783		2,419			7.9		%
Accounts payable - capital expenditures		-		638		(638	)		(100.0	)	%
Income taxes payable - long-term		3,876		3,264		612			18.8		%
Deferred income taxes		982		974		8			0.8		%
Long-term debt , less current maturities		11,491		11,604		(113	)		(1.0	)	%
Total liabilities		49,551		47,263		2,288			4.8		%
Shareholders' equity		63,047		48,031		15,016			31.3		%
Total liabilities and
shareholders' equity	$	112,598	$	95,294		17,304			18.2		%
Shares outstanding		13,052		12,768		284			2.2		%

* Derived from audited financial statements

Page 3 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE TWELVE MONTHS ENDED MAY 2, 2010 AND MAY 3, 2009
Unaudited
(Amounts in Thousands)
	TWELVE MONTHS ENDED
	Amounts
	May 2,			* May 3,
	2010			2009 (2)
Cash flows from operating activities:
Net income (loss)	$	13,188		$	(38,842	)
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation		4,010			6,712
Amortization of other assets		548			488
Stock-based compensation		834			425
Excess tax benefit related to stock options exercised		(429	)		-
Deferred income taxes		(148	)		33,430
(Gain) loss on impairment of equipment		(65	)		(32	)
Restructuring expenses, net of gain on sale of related assets		(170	)		7,960
Foreign currency exchange losses (gains)		688			(88	)
Changes in assets and liabilities, net of effects of acquisition of assets:
Accounts receivable		(1,684	)		8,924
Inventories		(2,020	)		12,850
Other current assets		(418	)		28
Other assets		(67	)		10
Accounts payable-trade		5,157			(5,278	)
Accrued expenses		2,853			(1,667	)
Accrued restructuring		(529	)		(579	)
Income taxes		(171	)		(1,504	)
Net cash provided by operating activities		21,577			22,837
Cash flows from investing activities:
Capital expenditures		(7,431	)		(1,970	)
Purchase of short-term investments		(3,023	)		-
Net cash paid for acquisition of assets		-			(11,365	)
Proceeds from the sale of buildings and equipment		583			4,607
Net cash used in investing activities		(9,871	)		(8,728	)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt		-			11,000
Payments on vendor-financed capital expenditures		(985	)		(1,236	)
Payments on a capital lease obligation		(626	)		(754	)
Payments on long-term debt		(4,789	)		(16,055	)
Debt issuance costs		(15	)		(133	)
Proceeds from common stock issued		673			21
Excess tax benefit related to stock options exercised		429			-
Net cash used in financing activities		(5,313	)		(7,157	)
Effect of exchange rate changes on cash and cash equivalents		105			(69	)
Increase in cash and cash equivalents		6,498			6,883
Cash and cash equivalents at beginning of year		11,797			4,914
Cash and cash equivalents at end of year	$	18,295		$	11,797
Free Cash Flow (1)	$	13,652		$	23,415
(1)  Free Cash Flow reconciliation is as follows:
	FY 2010			FY 2009
Net cash provided by operating activities	$	21,577		$	22,837
Minus:  Capital Expenditures		(7,431	)		(1,970	)
Add:  Proceeds from the sale of buildings and equipment		583			4,607
Minus:  Payments on vendor-financed capital expenditures		(985	)		(1,236	)
Minus:  Payments on a capital lease obligation		(626	)		(754	)
Add: Excess tax benefit related to stock options exercised		429			-
Effects of exchange rate changes on cash and cash equivalents		105			(69	)
	$	13,652		$	23,415

* Derived from audited financial statements.

(2) Certain prior year amounts have been reclassified to conform to current year presentation to reflect the effects of foreign exchange losses and gains in operating cash flows and cash and cash equivalents held as of May 3, 2009.  Reclassifications are not material to total net cash provided by operating activities, total net cash used in investing activities, and total net cash used in financing activities.

Page 4 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE
STATEMENTS OF OPERATIONS BY SEGMENT
FOR THE THREE MONTHS ENDED MAY 2, 2010 AND MAY 3, 2009
(Amounts in thousands)
	THREE MONTHS ENDED (UNAUDITED)
	Amounts												Percent of Total Sales
	May 2,				May 3,				% Over				May 2,				May 3,
Net Sales by Segment	2010				2009				(Under)				2010				2009
Mattress Fabrics	$	33,418				26,588				25.7		%		58.4		%		55.7		%
Upholstery Fabrics		23,825				21,174				12.5		%		41.6		%		44.3		%
Net Sales	$	57,243				47,762				19.9		%		100.0		%		100.0		%
Gross Profit by Segment													Gross Profit Margin
Mattress Fabrics	$	7,407				5,392				37.4		%		22.2		%		20.3		%
Upholstery Fabrics		4,008				2,977				34.6		%		16.8		%		14.1		%
Subtotal		11,415				8,369				36.4		%		19.9		%		17.5		%
Restructuring related charges		(15	)	(1)		(15	)	(1)		0.0		%		(0.0	)	%		(0.0	)	%
Gross Profit	$	11,400				8,354				36.5		%		19.9		%		17.5		%
Selling, General and Administrative expenses by Segment													Percent of Sales
Mattress Fabrics	$	2,482				1,848				34.3		%		7.4		%		7.0		%
Upholstery Fabrics		2,385				2,310				3.2		%		10.0		%		10.9		%
Unallocated Corporate		1,223				1,094				11.8		%		2.1		%		2.3		%
Selling, General and Administrative expenses		6,090				5,252				16.0		%		10.6		%		11.0		%
Operating Income (loss)  by Segment													Operating Income (Loss) Margin
Mattress Fabrics	$	4,925				3,545				38.9		%		14.7		%		13.3		%
Upholstery Fabrics		1,623				666				143.7		%		6.8		%		3.1		%
Unallocated Corporate		(1,223	)			(1,094	)			11.8		%		(2.1	)	%		(2.3	)	%
Subtotal		5,325				3,117				70.8		%		9.3		%		6.5		%
Restructuring credit (expense) and restructuring related charges		37		(1)		(48	)	(1)	N.M.					0.1		%		(0.1	)	%
Operating income	$	5,362				3,069				74.7		%		9.4		%		6.4		%
Depreciation by Segment
Mattress Fabrics	$	838				925				(9.4	)	%
Upholstery Fabrics		130				32				306.3		%
Total Depreciation		968				957				1.1		%

Notes:

(1)  See page 6 for detailed explanations of restructuring credit (expense) and restructuring related charges.

Page 5 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE
STATEMENTS OF OPERATIONS BY SEGMENT
FOR THE TWELVE MONTHS ENDED MAY 2, 2010 AND MAY 3, 2009
(Amounts in thousands)
	TWELVE MONTHS ENDED (UNAUDITED)
	Amounts												Percent of Total Sales
	May 2,				May 3,				% Over				May 2,				May 3,
Net Sales by Segment	2010				2009				(Under)				2010				2009
Mattress Fabrics	$	114,848				115,396				(0.5	)	%		55.6		%		56.6		%
Upholstery Fabrics		91,568				88,542				3.4		%		44.4		%		43.4		%
Net Sales	$	206,416				203,938				1.2		%		100.0		%		100.0		%
Gross Profit by Segment													Gross Profit Margin
Mattress Fabrics	$	23,652				20,996				12.7		%		20.6		%		18.2		%
Upholstery Fabrics		15,183				7,253				109.3		%		16.6		%		8.2		%
Subtotal		38,835				28,249				37.5		%		18.8		%		13.9		%
Restructuring related charges		(58	)	(1)		(3,597	)	(1)	N.M.					(0.0	)	%		(1.8	)	%
Gross Profit	$	38,777				24,652				57.3		%		18.8		%		12.1		%
Selling, General and Administrative expenses  by Segment													Percent of Sales
Mattress Fabrics	$	8,178				7,749				5.5		%		7.1		%		6.7		%
Upholstery Fabrics		9,227				8,756				5.4		%		10.1		%		9.9		%
Unallocated Corporate		5,400				3,225				67.4		%		2.6		%		1.6		%
Subtotal		22,805				19,730				15.6		%		11.0		%		9.7		%
Restructuring related charges		-		(1)		21		(1)	N.M.					0.0		%		0.0		%
Selling, General and Administrative expenses	$	22,805				19,751				15.5		%		11.0		%		9.7		%
Operating Income (loss)  by Segment													Operating Income (Loss) Margin
Mattress Fabrics	$	15,474				13,247				16.8		%		13.5		%		11.5		%
Upholstery Fabrics		5,956				(1,503	)		N.M.					6.5		%		(1.7	)	%
Unallocated Corporate		(5,400	)			(3,225	)			67.4		%		(2.6	)	%		(1.6	)	%
Subtotal		16,030				8,519				88.2		%		7.8		%		4.2		%
Restructuring credit (expense) and restructuring related charges		312		(1)		(13,089	)	(1)	N.M.					0.2		%		(6.4	)	%
Operating income (loss)	$	16,342				(4,570	)		N.M.					7.9		%		(2.2	)	%
Depreciation by Segment
Mattress Fabrics	$	3,458				3,542				(2.4	)	%
Upholstery Fabrics		552				1,080				(48.9	)	%
Subtotal		4,010				4,622				(13.2	)	%
Accelerated Depreciation		-				2,090				(100.0	)	%
Total Depreciation		4,010				6,712				(40.3	)	%

Notes:

(1)  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 MAY 2, 2010 AND MAY 3, 2009
(Unaudited)
(Amounts in Thousands, Except for Per Share Data)
	THREE MONTHS ENDED
	As Reported													May 2, 2010						As Reported													May 3, 2009						Adjusted
	May 2,			% of						% of				Adjusted			% of			May 3,			% of						% of				Adjusted			% of			% Over
	2010			Sales			Adjustments			Sales				Results			Sales			2009			Sales			Adjustments			Sales				Results			Sales			(Under)
Net sales	$	57,243			100.0	%		-							57,243			100.0	%		47,762			100.0	%		-							47,762			100.0	%		19.9	%
Cost of sales		45,843			80.1	%		(15	)		0.0	%	(1)		45,828			80.1	%		39,408			82.5	%		(15	)		0.0	%	(2)		39,393			82.5	%		16.3	%
Gross Profit		11,400			19.9	%		(15	)		0.0	%			11,415			19.9	%		8,354			17.5	%		(15	)		0.0	%			8,369			17.5	%		36.4	%
Selling, general and administrative expenses		6,090			10.6	%		-			0.0	%			6,090			10.6	%		5,252			11.0	%		-			0.0	%			5,252			11.0	%		16.0	%
Restructuring (credit) expense		(52	)		-0.1	%		52			0.1	%	(1)		-			0.0	%		33			0.1	%		(33	)		-0.1	%	(2)		-			0.0	%		0.0	%
Income from operations		5,362			9.4	%		37			0.1	%			5,325			9.3	%		3,069			6.4	%		(48	)		-0.1	%			3,117			6.5	%		70.8	%
Interest expense		288			0.5	%		-			0.0	%			288			0.5	%		620			1.3	%		-			0.0	%			620			1.3	%		-53.5	%
Interest income		(36	)		-0.1	%		-			0.0	%			(36	)		-0.1	%		(14	)		0.0	%		-			0.0	%			(14	)		0.0	%		157.1	%
Other expense		114			0.2	%		-			0.0	%			114			0.2	%		251			0.5	%		-			0.0	%			251			0.5	%		-54.6	%
Income before income taxes		4,996			8.7	%		37			0.1	%	(3)		4,959			8.7	%		2,212			4.6	%		(48	)		-0.1	%	(4)		2,260			4.7	%		119.4	%

Notes:
(1)	The $15 restructuring related charge represents other operating costs associated with closed plant facilities. The $52 restructuring credit represents a credit of $43 for sales proceeds received on equipment with no carrying value, a credit of $16 for employee termination benefits, offset by a charge of $7 for lease termination and other exit costs.
(2)	The $15 restructuring related charge represents $57 for other operating costs associated with  closed plant facilities and a credit of $42 for inventory markdowns. The $33 restructuring charge represents $43 for lease termination and other exit costs and a credit of $10 for employee termination benefits.
(3)	The $37 represents a cash credit.
(4)	Of this total charge, $90 and $42 represent a cash charge and  a non-cash credit, respectively.

Page 7 of 8

CULP, INC. FINANCIAL INFORMATION RELEASE
ADJUSTED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE TWELVE MONTHS ENDED MAY 2, 2010 AND MAY 3, 2009
(Unaudited)
(Amounts in Thousands, Except for Per Share Data)
	TWELVE MONTHS ENDED
	As Reported													May 2, 2010						As Reported													May 3, 2009						Adjusted
	May 2,			% of						% of				Adjusted			% of			May 3,			% of						% of				Adjusted			% of			% Over
	2010			Sales			Adjustments			Sales				Results			Sales			2009			Sales			Adjustments			Sales				Results			Sales			(Under)
Net sales	$	206,416			100.0	%		-							206,416			100.0	%		203,938			100.0	%		-							203,938			100.0	%		1.2	%
Cost of sales		167,639			81.2	%		(58	)		0.0	%	(1)		167,581			81.2	%		179,286			87.9	%		(3,597	)		-1.8	%	(2)		175,689			86.1	%		-4.6	%
Gross profit		38,777			18.8	%		(58	)		0.0	%			38,835			18.8	%		24,652			12.1	%		(3,597	)		-1.8	%			28,249			13.9	%		37.5	%
Selling, general and administrative expenses		22,805			11.0	%		-			0.0	%			22,805			11.0	%		19,751			9.7	%		(21	)		0.0	%	(2)		19,730			9.7	%		15.6	%
Restructuring (credit) expense		(370	)		-0.2	%		370			0.2	%	(1)		-			0.0	%		9,471			4.6	%		(9,471	)		-4.6	%	(3)		-			0.0	%		0.0	%
Income (loss) from operations		16,342			7.9	%		312			0.2	%			16,030			7.8	%		(4,570	)		-2.2	%		(13,089	)		-6.4	%			8,519			4.2	%		88.2	%
Interest expense		1,314			0.6	%		-			0.0	%			1,314			0.6	%		2,359			1.2	%		-			0.0	%			2,359			1.2	%		-44.3	%
Interest income		(116	)		-0.1	%		-			0.0	%			(116	)		-0.1	%		(89	)		0.0	%		-			0.0	%			(89	)		0.0	%		30.3	%
Other expense		828			0.4	%		-			0.0	%			828			0.4	%		43			0.0	%		-			0.0	%			43			0.0	%	N.M.
Income (loss) before income taxes		14,316			6.9	%		312			0.2	%	(4)		14,004			6.8	%		(6,883	)		-3.4	%		(13,089	)		-6.4	%	(5)		6,206			3.0	%		125.7	%

Notes:
(1)	The $58 restructuring related charge represents $108 for other operating costs asscoiated with closed plant facilities, offset by a credit of $50 for inventory markdowns. The $370 restructuring credit represents $186 for employee termination benefits, $170 for sales proceeds received on equipment with no carrying value, and $14 for lease termination and other exit costs.
(2)	The $3.6 million restructuring related charge represents $3.5  million for inventory markdowns and $119 for other operating costs associated with closed plant facilities. The $21 restructuring related charge represents other operating costs associated with closed plant facilities.
(3)	The $9.5 million restructuring charge represents $8.0 million for write-downs of equipment and buildings, $786 for employee termination benefits, and $728 for lease termination and other exit costs.
(4)	Of this total credit, $262 and $50 represent cash and non-cash credits, respectively.
(5)	Of this total charge, $1.6  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 TWELVE MONTHS ENDED MAY 2, 2010
(UNAUDITED)
	Operating
	Income
	Twelve Months Ended May 2, 2010			Average Capital Employed			Return on Avg. Capital Employed
	(1)			(3)			(2)
Mattress Fabrics	$	15,474		$	47,339			32.7	%
Upholstery Fabrics		5,956			10,587			56.3	%
(less: Unallocated Corporate)		(5,400	)		(5,606	)		N/A
Total	$	16,030		$	52,320			30.6	%
Average Capital Employed	As of May 2, 2010												As of January 31, 2010												As of November 1, 2009
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total
Total assets		61,922			25,420			25,256			112,598			58,609			25,928			21,971			106,508			56,686			19,598			22,496			98,780
Total liabilities		(14,720	)		(13,559	)		(21,272	)		(49,551	)		(10,066	)		(13,527	)		(25,991	)		(49,584	)		(10,625	)		(10,461	)		(24,416	)		(45,502	)
Subtotal	$	47,202		$	11,861		$	3,984		$	63,047		$	48,543		$	12,401		$	(4,020	)	$	56,924		$	46,061		$	9,137		$	(1,920	)	$	53,278
Less:
Cash and cash equivalents		-						(18,295	)	$	(18,295	)		-						(19,015	)	$	(19,015	)		-			-			(19,575	)		(19,575	)
Short-term investments		-		$	-			(3,023	)		(3,023	)
Current maturities of long-term debt		-						196			196			-						4,880			4,880			-			-			4,863			4,863
Long-term debt, less current maturities								11,491			11,491									11,529			11,529						-			11,568			11,568
Total Capital Employed	$	47,202		$	11,861		$	(5,647	)	$	53,416		$	48,543		$	12,401		$	(6,626	)	$	54,318		$	46,061		$	9,137		$	(5,064	)	$	50,134
	As of August 2, 2009												As of May 3, 2009
	Mattress			Upholstery			Unallocated						Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total			Fabrics			Fabrics			Corporate			Total
Total assets		57,772			16,128			18,511			92,411			58,626			22,078			14,590			95,294
Total liabilities		(10,138	)		(7,670	)		(24,427	)		(42,235	)		(11,372	)		(10,999	)		(24,892	)		(47,263	)
Subtotal	$	47,634		$	8,458		$	(5,916	)	$	50,176		$	47,254		$	11,079		$	(10,302	)	$	48,031
Less:
Cash and cash equivalents		-						(15,481	)	$	(15,481	)		-						(11,797	)	$	(11,797	)
Current maturities of long-term debt		-						4,817			4,817			-						4,764			4,764
Long-term debt, less current maturities								11,618			11,618									11,604			11,604
Total Capital Employed	$	47,634		$	8,458		$	(4,962	)	$	51,130		$	47,254		$	11,079		$	(5,731	)	$	52,602
	Mattress			Upholstery			Unallocated
	Fabrics			Fabrics			Corporate			Total
Average Capital Employed (3)	$	47,339		$	10,587		$	(5,606	)	$	52,320

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 year ended May 2, 2010 divided by average capital employed. Average capital employed does not include cash and cash equivalents, short-term investments, long-term debt, including current maturities and shareholders' equity.
(3)	Average capital employed is computed using the five periods ending May 3, 2009, August 2, 2009, November 1, 2009, January 31, 2010, and May 2, 2010.