Culp (CULP) 10-Q 8 Sep 17 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Jul. 30, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 30, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	CULP
Entity Registrant Name	CULP INC
Entity Central Index Key	723,603
Current Fiscal Year End Date	--04-29
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding	12,441,161

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Income Statement [Abstract]
Net sales	$ 79,533	$ 80,682
Cost of sales	63,068	62,263
Gross profit	16,465	18,419
Selling, general and administrative expenses	9,501	9,746
Income from operations	6,964	8,673
Interest income	(131)	(25)
Other expense	353	152
Income before income taxes	6,742	8,546
Income taxes	1,640	3,233
Loss from investment in unconsolidated joint venture	118
Net income	$ 4,984	$ 5,313
Net income per share, basic	$ 0.40	$ 0.43
Net income per share, diluted	$ 0.40	$ 0.43
Average shares outstanding, basic	12,399	12,286
Average shares outstanding, diluted	12,590	12,463

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 4,984	$ 5,313
Other comprehensive income
Unrealized holding gains on investments	44	84
Reclassification adjustment for realized loss included in net income		12
Total other comprehensive income	44	96
Comprehensive income	$ 5,028	$ 5,409

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Current assets:
Cash and cash equivalents		$ 18,322	$ 20,795	[1]	$ 45,549
Short-term investments		2,469	2,443	[1]	2,434
Accounts receivable, net		22,140	24,577	[1]	22,690
Inventories		55,227	51,482	[1]	48,131
Other current assets		3,441	2,894	[1]	2,294
Total current assets		101,599	102,191	[1]	121,098
Property, plant and equipment, net		52,912	51,651	[1]	41,745
Goodwill		11,462	11,462	[1]	11,462
Deferred income taxes		436	419	[1]	1,942
Long-term investments (Held-to-Maturity)		30,907	30,945	[1]
Long-term investments (Rabbi Trust)		6,714	5,466	[1]	4,611
Investment in unconsolidated joint venture		1,477	1,106	[1]
Other assets		2,397	2,394	[1]	2,502
Total assets		207,904	205,634	[1]	183,360
Current liabilities:
Accounts payable-trade		29,112	29,101	[1]	26,708
Accounts payable - capital expenditures		5,647	4,767	[1]	627
Accrued expenses		6,075	11,947	[1]	6,890
Income taxes payable - current		884	287	[1]	358
Total current liabilities		41,718	46,102	[1]	34,583
Line of credit		5,000			7,000
Accounts payable - capital expenditures	[1]		1,322
Income taxes payable - long-term		487	467	[1]	3,779
Deferred income taxes		4,253	3,593	[1]	1,532
Deferred compensation		6,769	5,520	[1]	5,031
Total liabilities		58,227	57,004	[1]	51,925
Commitments and Contingencies (Note 15)				[1]
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000				[1]
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,441,161 at July 30, 2017; 12,306,956 at July 31, 2016; and 12,356,631 at April 30, 2017		622	618	[1]	615
Capital contributed in excess of par value		47,038	47,415	[1]	44,453
Accumulated earnings		101,977	100,601	[1]	86,415
Accumulated other comprehensive income (loss)		40	(4)	[1]	(48)
Total shareholders' equity		149,677	148,630	[1]	131,435
Total liabilities and shareholders' equity		$ 207,904	$ 205,634	[1]	$ 183,360
[1]	Derived from audited financial statements.

CONSOLIDATED BALANCE SHEETS (U5

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jul. 30, 2017	Apr. 30, 2017	[1]	Jul. 31, 2016
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	12,441,161	12,356,631		12,306,956
Common stock, outstanding	12,441,161	12,356,631		12,306,956
[1]	Derived from audited financial statements.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017		Jul. 31, 2016
Cash flows from operating activities:
Net income	$ 4,984		$ 5,313
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,807		1,761
Amortization of assets	82		52
Stock-based compensation	757		761
Deferred income taxes	643		593
Realized loss on sale of short-term investments			12
Loss on sale of equipment			9
Loss from investment in unconsolidated joint venture	118
Foreign currency exchange loss (gain)	35		(62)
Changes in assets and liabilities:
Accounts receivable	2,524		611
Inventories	(3,539)		(1,808)
Other current assets	(467)		158
Other assets	(47)		19
Accounts payable - trade	(397)		3,036
Accrued expenses and deferred compensation	(4,704)		(4,631)
Income taxes	608		375
Net cash provided by operating activities	2,404		6,199
Cash flows from investing activities:
Capital expenditures	(2,260)		(3,139)
Investment in unconsolidated joint venture	(489)
Proceeds from the sale of short-term investments			2,000
Purchase of short-term investments	(12)		(21)
Proceeds from the sale of long-term investments (Rabbi Trust)	49
Purchase of long-term investments (Rabbi Trust)	(1,267)		(559)
Net cash used in investing activities	(3,979)		(1,719)
Cash flows from financing activities:
Proceeds from line of credit	5,000		7,000
Payments on vendor-financed capital expenditures	(1,250)
Dividends paid	(3,608)		(3,445)
Common stock surrendered for withholding taxes payable	(1,135)		(280)
Proceeds from common stock issued	5		11
Net cash (used in) provided by financing activities	(988)		3,286
Effect of exchange rate changes on cash and cash equivalents	90		(4)
(Decrease) increase in cash and cash equivalents	(2,473)		7,762
Cash and cash equivalents at beginning of period	20,795	[1]	37,787
Cash and cash equivalents at end of period	$ 18,322		$ 45,549
[1]	Derived from audited financial statements.

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands		Total	Common Stock	Capital Contributed in Excess of Par Value	Accumulated Earnings	Accumulated Other Comprehensive (Loss) Income
Balance at May. 01, 2016		$ 128,812	$ 614	$ 43,795	$ 84,547	$ (144)
Balance (in shares) at May. 01, 2016			12,265,489
Net income		5,313
Unrealized gain on investments		96
Balance at Jul. 31, 2016		131,435
Balance at May. 01, 2016		128,812	$ 614	43,795	84,547	(144)
Balance (in shares) at May. 01, 2016			12,265,489
Net income		22,334			22,334
Stock-based compensation		3,358		3,358
Unrealized gain on investments		140				140
Excess tax benefit related to stock based compensation		657		657
Common stock issued in connection with performance based units			$ 2	(2)
Common stock issued in connection with performance based units (in shares)			49,192
Fully vested common stock award			4,800
Common stock issued in connection with exercise of stock options		588	$ 3	585
Common stock issued in connection with exercise of stock options (in shares)			68,000
Common stock surrendered for the cost of stock option exercises and withholding taxes payable		(979)	$ (1)	(978)
Common stock surrendered for the cost of stock option exercises and withholding taxes payable (in shares)			(30,850)
Dividends paid		(6,280)			(6,280)
Balance at Apr. 30, 2017	[1]	148,630	$ 618	47,415	100,601	(4)
Balance (in shares) at Apr. 30, 2017	[1]		12,356,631
Net income		4,984			4,984
Stock-based compensation		757		757
Unrealized gain on investments		44				44
Common stock issued in connection with performance based units			$ 6	(6)
Common stock issued in connection with performance based units (in shares)			118,845
Common stock issued in connection with exercise of stock options		5		5
Common stock issued in connection with exercise of stock options (in shares)			600
Common stock surrendered for the cost of stock option exercises and withholding taxes payable		(1,135)	$ (2)	(1,133)
Common stock surrendered for the cost of stock option exercises and withholding taxes payable (in shares)			(34,915)
Dividends paid		(3,608)			(3,608)
Balance at Jul. 30, 2017		$ 149,677	$ 622	$ 47,038	$ 101,977	$ 40
Balance (in shares) at Jul. 30, 2017			12,441,161
[1]	Derived from audited financial statements.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jul. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Culp, Inc. and subsidiaries (the “company”) include all adjustments, which are, in the opinion of management, necessary for fair presentation of the results of operations and financial position. All of these adjustments are of a normal recurring nature. Results of operations for interim periods may not be indicative of future results. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, which are included in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on July 14, 2017, for the fiscal year ended April 30, 2017. The company’s three months ended July 30, 2017, and July 31, 2016, represent 13 week periods, respectively.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jul. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of July 30, 2017, 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, 2017. Recently Adopted Accounting Pronouncements Measurement of Inventory In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory”, which changed the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. ASU No. 2015-11 was effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. As a result, we adopted ASU No. 2015-11 in the first quarter of fiscal 2018 and the adoption of this guidance did not have a significant impact on our consolidated financial statements. Stock-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". ASU No. 2016-09 was effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Accordingly, we adopted this guidance during the first quarter of fiscal 2018. ASU No. 2016-09 aims to simplify several aspects of accounting and financial reporting for share-based payment transactions. One provision within this pronouncement requires that excess income tax benefits and deficiencies related to share-based payments be recognized within income tax expense as a discrete event in the period in which they occur, rather than within additional paid-in capital on our consolidated balance sheet on a prospective basis. The impact to our results of operations related to this provision in the first quarter of fiscal 2018 was a reduction to income tax expense of $554,000. The impact of this provision on our future results of operations will depend in part on the market prices for the shares of our common stock on the dates there are taxable events related to the share-based awards, and therefore, the impact is difficult to predict. In connection with another provision within ASU No. 2016-09, we have elected to account for forfeitures of share-based awards as an estimate of the number of awards that are expected to vest, which is consistent with our accounting policy prior to adoption. Also, we adopted the provisions of ASU No. 2016-09 related to changes on the Consolidated Statements of Cash Flows on a retrospective basis. As a result, we no longer classify excess income tax benefits as a financing activity, which increased net cash provided by operating activities and reduced net cash provided by financing activities by $167,000 for the three months ended July 31, 2016. Additionally, we no longer classify payments for employee taxes when common stock shares are withheld to satisfy the employer’s statutory income tax withholding obligation as an operating activity, which increased net cash provided by operating activities and reduced net cash provided by financing activities by $280,000 for the three months ended July 31, 2016. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, which amends ASC Topic 606, Revenue from Contracts with Customers. Revenue from Contracts with Customers: Deferral of the Effective Date In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Than Inventory, There are no other new accounting pronouncements that are expected to have a significant impact on our consolidated financial statements.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jul. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	3. Stock-Based Compensation Equity Incentive Plan Description On September 16, 2015, our shareholders approved an equity incentive plan entitled the Culp, Inc. 2015 Equity Incentive Plan (the “2015 Plan”). The 2015 Plan updated and replaced our 2007 Equity Incentive Plan (the “2007 Plan”) as the vehicle for granting new equity based awards substantially similar to those authorized under the 2007 Plan. In general, 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 units, and other equity and cash related awards as determined by our Compensation Committee. 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. In connection with the approval of the 2015 Plan, no further awards will be granted under the 2007 Plan, but outstanding awards under the 2007 Plan will be settled in accordance with their terms. At July 30, 2017, there were 895,623 shares available for future equity based grants under our 2015 plan. Incentive Stock Option Awards We did not grant any incentive stock option awards through the through the first quarter of fiscal 2018. At July 30, 2017, options to purchase 15,000 shares of common stock were outstanding and exercisable, had a weighted average exercise price of $7.08 per share, and a weighted average contractual term of 0.9 years. At July 30, 2017, the aggregate intrinsic value for options outstanding and exercisable was $354,000 The aggregate intrinsic value for options exercised for the three months ending July 30, 2017 and July 31, 2016, was $14,000 and $43,000, respectively. At July 30, 2017, there were no unvested incentive stock option awards. Therefore, there was no unrecognized compensation cost related to incentive stock option awards at July 30, 2017. No compensation expense was recorded for incentive stock options for the three months ended July 30, 2017 and July 31, 2016, respectively. Performance Based Restricted Stock Units We have granted performance based restricted stock units to certain key members of management and a non-employee which could earn up to a certain number of shares of common stock if certain performance targets are met as defined in the related restricted stock unit agreements. Our performance based restricted stock units granted to key members of management were measured based on the fair market value (the closing price of our common stock) on the date of grant. Our performance based restricted stock units granted to a non-employee were measured based on the fair market value (the closing price of our common stock) at the earlier date of when the performance criteria are met or the end of the reporting period. The following table summarizes information related to our grants of performance based restricted stock units associated with key members of management that are currently unvested: (1) (2) Vesting Date of Grant Units Awarded Share Period July 13, 2017 122,195 $32.50 3 years July 14, 2016 107,880 $28.00 3 years July 15, 2015 107,554 $32.23 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. (2) Price per share represents the closing price of our common stock on the date of grant. The following table summarizes information related to our grants of performance based restricted stock units associated with a non-employee for that are currently unvested: Date of Grant (1) Units Awarded Price Per Share Vesting Period July 13, 2017 10,200 $30.65 (2) 3 years July 14, 2016 11,549 $30.65 (2) 3 years July 15, 2015 10,364 $30.65 (2) 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. (2) The respective grant was unvested at the end of our reporting period. Accordingly, the price per share represents the closing price of our common stock on July 30, 2017, the end of our reporting period. The following table summarizes information related to our performance based restricted stock units that vested during the three month periods ending July 30, 2017 and July 31, 2016: Fiscal Year Common Stock Shares Vested (1) Fair Value Price Per Share Fiscal 2018 – Management 102,845 $ 1,820 $ 17.70 (2) Fiscal 2018 – Non-employee 16,000 $ 520 $ 32.50 (3) Fiscal 2017 - 37,192 $ 637 $ 17.12 (2) Fiscal 2017 - 12,000 $ 345 $ 28.77 (3) (1) Dollar amounts are in thousands. (2) Price per share represents the closing price of our common stock on the date of grant. (3) The respective grant vested during the first quarter of fiscal 2018 or 2017, respectively. Accordingly, the price per share represents the closing price of our common stock on the date the award vested. Overall We recorded compensation expense of $751,000 and $761,000 within selling, general, and administrative expense associated with our performance based restricted stock units for the three months ending July 30, 2017 and July 31, 2016, respectively. Compensation cost is recorded based on an assessment each reporting period of the probability that certain performance goals will be met during the vesting period. If performance goals are not probable of occurrence, no compensation cost will be recognized and any recognized compensation cost would be reversed. At July 30, 2017, the remaining unrecognized compensation cost related to the performance based restricted stock units was $5.3 million, which is expected to be recognized over a weighted average vesting period of 2.1 years. Time Vested Restricted Stock Units Fiscal 2018 Grant On July 13, 2017, an employee was granted 1,200 shares of time vested restricted stock units which vested over the requisite service period of 11 months. This award was measured at its fair market value, which was $32.50 per share, and represented the closing price of our common stock on the date of grant. Fiscal 2017 Grant On July 14, 2016, an employee was granted 1,200 shares of time vested restricted stock units which vested over the requisite service period of 11 months. This award was measured at its fair market value, which was $28 per share, and represented the closing price of our common stock on the date of grant. During the first quarter of fiscal 2018, 1,200 shares of common stock associated with this grant vested and had a weighted average fair value of $34,000 or $28 per share. Overall We recorded compensation expense of $6,000 within selling, general, and administrative expense associated with our time vested restricted stock unit awards for the three months ending July 30, 2017. Compensation expense for the three months ending July 31, 2016 was immaterial. At July 30, 2017, the remaining unrecognized compensation cost related to unvested time vested restricted stock awards was $37,000, which is expected to be recognized over the next 10.5 months.

Accounts Receivable

Accounts Receivable	3 Months Ended
	Jul. 30, 2017
Receivables [Abstract]
Accounts Receivable	4. Accounts Receivable A summary of accounts receivable follows: (dollars in thousands ) July 30, 2017 July 31, 2016 April 30, 2017 Customers $ 23,548 $ 24,669 $ 26,211 Allowance for doubtful accounts (325 ) (850 ) (414 ) Reserve for returns and allowances and discounts (1,083 ) (1,129 ) (1,220 ) $ 22,140 $ 22,690 $ 24,577 A summary of the activity in the allowance for doubtful accounts follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Beginning balance $ (414 ) $ (1,088 ) Provision for bad debts 89 227 Net write-offs, net of recoveries - 11 Ending balance $ (325 ) $ (850 ) A summary of the activity in the allowance for returns and allowances and discounts accounts follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Beginning balance $ (1,220 ) $ (962 ) Provision for returns, allowances and discounts (628 ) (919 ) Credits issued 765 752 Ending balance $ (1,083 ) $ (1,129 )

Inventories

Inventories	3 Months Ended
	Jul. 30, 2017
Inventory Disclosure [Abstract]
Inventories	5. Inventories Inventories are carried at the lower of cost or market. Cost is determined using the FIFO (first-in, first-out) method. A summary of inventories follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Raw materials $ 6,956 $ 6,779 $ 6,456 Work-in-process 2,782 3,224 3,095 Finished goods 45,489 38,128 41,931 $ 55,227 $ 48,131 $ 51,482

Other Assets

Other Assets	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Other Assets	6. Other Assets A summary of other assets follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Cash surrender value – life insurance $ 376 $ 358 $ 376 Non-compete agreement, net 809 885 828 Customer relationships, net 651 702 664 Other 561 557 526 $ 2,397 $ 2,502 $ 2,394 Non-Compete Agreement We recorded our non-compete agreement at its fair value based on a discounted cash flow valuation model. Our non-compete agreement is amortized on a straight-line basis over the fifteen year life of the respective agreement. The gross carrying amount of our non-compete agreement was $2.0 million at July 30, 2017, July 31, 2016 and April 30, 2017, respectively. At July 30, 2017, July 31, 2016, and April 30, 2017, accumulated amortization for our non-compete agreement was $1.2 million, $1.1 million, and $1.2 million, respectively. Amortization expense for our non-compete agreement was $19,000 for the three month periods ended July 30, 2017 and July 31, 2016. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2018 - $56,000; FY 2019 - $75,000; FY 2020 - $75,000; FY 2021 - $75,000; FY 2022 - $75,000 and Thereafter - $453,000. The weighted average amortization period for our non-compete agreement is 10.8 years as of July 30, 2017. Customer Relationships We recorded our customer relationships at their fair value based on a multi-period excess earnings valuation model. Our customer relationships are amortized on a straight-line basis over its seventeen year useful life. The gross carrying amount of our customer relationships was $868,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. Accumulated amortization for our customer relationships was $217,000, $166,000, and $204,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. Amortization expense for our customer relationships was $13,000 for the three months ending July 30, 2017 and July 31, 2016. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2018 - $38,000; FY 2019 - $51,000; FY 2020 - $51,000; FY 2021 - $51,000; FY 2022 - $51,000; and Thereafter - $409,000. The weighted average amortization period for our customer relationships is 12.8 years as of July 30, 2017. Cash Surrender Value – Life Insurance At July 30, 2017, July 31, 2016, and April 30, 2017 we had one life insurance contract with a death benefit of $1.4 million. Our cash surrender value – life insurance balances totaling $376,000, $358,000 and $376,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively, are collectible upon death of the respective insured.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Accrued Expenses	7. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Compensation, commissions and related benefits $ 4,535 $ 5,400 $ 10,188 Advertising rebates 347 485 468 Interest 19 7 51 Other accrued expenses 1,174 998 1,240 $ 6,075 $ 6,890 $ 11,947

Lines of Credit

Lines of Credit	3 Months Ended
	Jul. 30, 2017
Debt Disclosure [Abstract]
Lines of Credit	8. Lines of Credit Revolving Credit Agreement – United States Our Credit Agreement with Wells Fargo Bank, N.A. (“Wells Fargo”) provides a revolving loan commitment of $30 million. Interest was charged at a rate (applicable interest rate of 2.68%, 1.94%, and 2.45% at July 30, 2017, July 31, 2016, and April 30, 2017) as a variable spread over LIBOR based on our ratio of debt to EBITDA. The Credit Agreement contains certain financial and other covenants as defined in the agreement and is set to expire on August 15, 2018. The purposes of our revolving credit line is to support potential short term cash needs in different jurisdictions within our global operations, mitigate our risk associated with foreign currency exchange rate fluctuations, and ultimately repatriate earnings and profits from our foreign subsidiaries to the U.S. for various strategic purposes. At July 30, 2017 and July 31, 2016, we had outstanding borrowings associated with our Credit Agreement totaling $5.0 million and $7.0 million, respectively. There were no borrowings outstanding under our Credit Agreement at April 30, 2017. Outstanding borrowings are secured by a pledge of 65% of the common stock of Culp International Holdings Ltd. (our subsidiary located in the Cayman Islands), as required by the Credit Agreement. At July 30, 2017, July 31, 2016, and April 30, 2017, there were $250,000 in outstanding letters of credit (all of which related to workers compensation) provided by the Credit Agreement. Effective August 1, 2016, we entered into a Third Amendment to our Credit Agreement that will allow us to issue letters of credit not to exceed $7.5 million. On August 3, 2016, we issued a $5.0 million letter of credit (all of which is currently outstanding and in addition to the $250,000 letter of credit noted above) for the construction of a new building associated with our mattress fabrics segment (see Note 15 for further details). The $5.0 million outstanding letter of credit will be automatically reduced in increments of $1.25 million on August 1, 2017, November 1, 2017, February 1, 2018, and May 15, 2018, respectively. Revolving Credit Agreement – China We have an unsecured credit agreement associated with our operations in China that provides for a line of credit of up to 40 million Chinese Yuan Renminbi (approximately $5.9 million USD at July 30, 2017), that expires February 15, 2018. This agreement has an interest rate determined by the Chinese government and there were no borrowings outstanding as of July 30, 2017, July 31, 2016, and April 30, 2017. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. At July 30, 2017, the company was in compliance with these financial covenants.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jul. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	9. Fair Value of Financial Instruments ASC Topic 820 establishes a fair value hierarchy that distinguishes between assumptions based on market data (observable inputs) and the company’s assumptions (unobservable inputs). Determining where an asset or liability falls within that hierarchy depends on the lowest level input that is significant to the fair value measurement as a whole. An adjustment to the pricing method used within either level 1 or level 2 inputs could generate a fair value measurement that effectively falls in a lower level in the hierarchy. The hierarchy consists of three broad levels as follows: Level 1 – Quoted market prices in active markets for identical assets or liabilities; Level 2 – Inputs other than level 1 inputs that are either directly or indirectly observable, and Level 3 – Unobservable inputs developed using the company’s estimates and assumptions, which reflect those that market participants would use. Recurring Basis The following table presents information about assets measured at fair value on a recurring basis: Fair value measurements at July 30, 2017 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Corporate Bonds $ - $ 30,846 $ - $ 30,846 Premier Money Market Fund 5,991 N/A N/A 5,991 Low Duration Bond Fund 1,085 N/A N/A 1,085 Intermediate Term Bond Fund 762 N/A N/A 762 Strategic Income Fund 622 N/A N/A 622 Large Blend Fund 381 N/A N/A 381 Growth Allocation Fund 140 N/A N/A 140 Moderate Allocation Fund 102 N/A N/A 102 Other 100 N/A N/A 100 Fair value measurements at July 31, 2016 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 3,950 N/A N/A $ 3,950 Low Duration Bond Fund 1,073 N/A N/A 1,073 Intermediate Term Bond Fund 754 N/A N/A 754 Strategic Income Fund 597 N/A N/A 597 Large Blend Fund 310 N/A N/A 310 Mid Cap Value Fund 117 N/A N/A 117 Growth Allocation Fund 97 N/A N/A 97 Other 147 N/A N/A 147 Fair value measurements at April 30, 2017 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Corporate Bonds $ - $ 30,831 $ - $ 30,831 Premier Money Market Fund 4,811 N/A N/A 4,811 Low Duration Bond Fund 1,081 N/A N/A 1,081 Intermediate Term Bond Fund 751 N/A N/A 751 Strategic Income Fund 611 N/A N/A 611 Large Blend Fund 365 N/A N/A 365 Growth Allocation Fund 126 N/A N/A 126 Moderate Allocation Fund 88 N/A N/A 88 Other 76 N/A N/A 76 Our U.S. corporate bonds were classified as level 2 as they are traded over the counter within a broker network and not on an active market. The fair value of our U.S. corporate bonds is determined based on a published source that provides an average bid price. The average bid price is based on various broker prices that are determined based on market conditions, interest rates, and the rating of the respective U.S. corporate bond. 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. Short-Term Investments At July 30, 2017, July 31, 2016, and April 30, 2017, our short-term investments totaled $2.5 million, $2.4 million, and $2.4 million, respectively, and consisted of short-term bond funds. Our short-term bond funds are recorded at their fair value, are classified as available-for-sale, and their unrealized gains or losses are included in other comprehensive income (loss). Our short-term bond investments had an accumulated unrealized loss totaling $33,000, $33,000, and $47,000 at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. At July 30, 2017, July 31, 2016, and April 30, 2017, the fair value of our short-term bond funds approximated its cost basis. Long- Term Investments - Held-To-Maturity During the second quarter of fiscal 2017, management decided to invest approximately $31.0 million in investment grade U.S. Corporate bonds with maturities primarily ranging from 2 to 2.5 years. The purpose of this investment was to earn a higher rate of return on our excess cash located in the Cayman Islands. These investments are classified as held-to-maturity as we have the positive intent and ability to hold these investments until maturity. Our held-to-maturity investments will be recorded as either current or noncurrent on our Consolidated Balance Sheets, based on contractual maturity date and stated at amortized cost. Long-Term Investments - Rabbi Trust We have a Rabbi Trust to set aside funds for participants of our deferred compensation plan (the “Plan”) and enable the participants to credit their contributions to various investment options of the Plan. The investments associated with the Rabbi Trust consist of a money market fund and various mutual funds that are classified as available for sale. These long-term investments are recorded at their fair values of $6.7 million, $4.6 million, and $5.5 million at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. Our long-term investments had an accumulated unrealized gain of $73,000 and $43,000 at July 30, 2017 and April 30, 2017, respectively, and an accumulated unrealized loss of $15,000 at July 31, 2016. The fair value of our long-term investments associated with our Rabbi Trust approximates its cost basis. Other The carrying amount of our cash and cash equivalents, accounts receivable, other current assets, accounts payable, accrued expenses, and line of credit approximates fair value because of the short maturity of these financial instruments.

Cash Flow Information

Cash Flow Information	3 Months Ended
	Jul. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	10. Cash Flow Information Interest and income taxes paid are as follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Interest $ 83 $ 3 Income taxes 536 2,263 Interest costs charged to operations were $64,000 and $9,000 for the three months ended July 30, 2017 and July 31, 2016, respectively. Interest costs of $64,000 and $9,000 for the construction of qualifying fixed assets were capitalized and will be amortized over the related assets’ useful lives for the three months ended July 30, 2017 and July 31, 2016, respectively.

Net Income Per Share

Net Income Per Share	3 Months Ended
	Jul. 30, 2017
Earnings Per Share [Abstract]
Net Income Per Share	11. Net Income Per Share Basic net income per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net income per share follows: Three months ended (amounts in thousands) July 30, 2017 July 31, 2016 Weighted average common shares outstanding, basic 12,399 12,286 Dilutive effect of stock-based compensation 191 177 Weighted average common shares outstanding, diluted 12,590 12,463

Segment Information

Segment Information	3 Months Ended
	Jul. 30, 2017
Segment Reporting [Abstract]
Segment Information	12. Segment Information 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 to bedding manufacturers. The upholstery fabrics segment manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. We evaluate the operating performance of our segments based upon income from operations before certain unallocated corporate expenses and other non-recurring items. Cost of sales in both segments include costs to 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 executive officers, all costs related to being a public company, and other miscellaneous expenses. Segment assets include assets used in the operations of each segment and primarily consist of accounts receivable, inventories, and property, plant and equipment. The mattress fabrics segment also includes in segment assets, goodwill, investment in an unconsolidated joint venture, a non-compete agreement, and customer relationships associated with an acquisition. Financial information for the company’s operating segments follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Net sales: Mattress Fabrics $ 48,429 $ 50,530 Upholstery Fabrics 31,104 30,152 $ 79,533 $ 80,682 Gross profit: Mattress Fabrics $ 9,760 $ 11,901 Upholstery Fabrics 6,705 6,518 $ 16,465 $ 18,419 Selling, general, and administrative expenses: Mattress Fabrics $ 3,391 $ 3,499 Upholstery Fabrics 3,811 3,534 Total segment selling, general, and administrative expenses 7,202 7,033 Unallocated corporate expenses 2,299 2,713 $ 9,501 $ 9,746 Income from operations: Mattress Fabrics $ 6,368 $ 8,402 Upholstery Fabrics 2,895 2,984 Total segment income from operations 9,263 11,386 Unallocated corporate expenses (2,299 ) (2,713 ) Total income from operations 6,964 8,673 Interest income 131 25 Other expense (353 ) (152 ) Income before income taxes $ 6,742 $ 8,546 Balance sheet information for the company’s operating segments follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Segment assets: Mattress Fabrics Current assets (1) $ 46,750 $ 39,800 $ 47,038 Non-compete agreement 809 885 828 Customer relationships 651 702 664 Investment in unconsolidated joint venture 1,477 - 1,106 Goodwill 11,462 11,462 11,462 Property, plant and equipment (2) 50,270 39,435 48,916 Total mattress fabrics assets 111,419 92,284 110,014 Upholstery Fabrics Current assets (1) 30,617 31,021 29,021 Property, plant and equipment (3) 1,857 1,459 1,879 Total upholstery fabrics assets 32,474 32,480 30,900 Total segment assets 143,893 124,764 140,914 Non-segment assets: Cash and cash equivalents 18,322 45,549 20,795 Short-term investments 2,469 2,434 2,443 Deferred income taxes 436 1,942 419 Other current assets 3,441 2,294 2,894 Property, plant and equipment (4) 785 851 856 Long-term investments (Held-to-Maturity) 30,907 - 30,945 Long-term investments (Rabbi Trust) 6,714 4,611 5,466 Other assets 937 915 902 Total assets $ 207,904 $ 183,360 $ 205,634 Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Capital expenditures (5): Mattress Fabrics $ 2,967 $ 3,521 Upholstery Fabrics 85 14 Unallocated Corporate 16 8 Total capital expenditures $ 3,068 $ 3,543 Depreciation expense: Mattress Fabrics $ 1,612 $ 1,556 Upholstery Fabrics 195 205 Total depreciation expense $ 1,807 $ 1,761 (1) Current assets represent accounts receivable and inventory for the respective segment. (2) The $50.3 million at July 30, 2017, represents property, plant, and equipment of $35.8 million and $14.5 million located in the U.S. and Canada, respectively. The $39.4 million at July 31, 2016, represents property, plant, and equipment of $25.5 million and $13.9 million located in the U.S. and Canada, respectively. The $48.9 million at April 30, 2017, represents property, plant, and equipment of $34.0 million and $14.9 million located in the U.S. and Canada, respectively. (3) The $1.9 million at July 30, 2017, represents property, plant, and equipment of $1.2 million and $684 located in the U.S. and China, respectively. The $1.5 million at July 31, 2016, represents property, plant, and equipment of $847 and $612 located in the U.S. and China, respectively. The $1.9 million at April 30, 2017, represents property, plant, and equipment of $1.2 million and $655 located in the U.S. and China, respectively. (4) The $785, $851, and $856 at July 30, 2017, July 31, 2016 and April 30, 2017, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments. Property, plant, and equipment associated with corporate are located in the U.S. (5) 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	3 Months Ended
	Jul. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes Effective Income Tax Rate We recorded income tax expense of $1.6 million, or 24.3% of income before income taxes, for the three month period ended July 30, 2017, compared to income tax expense of $3.2 million, or 37.8% of income before income taxes, for the three month period ended July 31, 2016. Our effective income tax rates for the three month periods ended July 30, 2017, and July 31, 2016, 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. 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 sources versus annual projections and changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the factors that contributed to the difference between income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2018 2017 Federal income tax rate 34.0 % 34.0 % Excess income tax benefits related to stock-based compensation (8.2 ) - Undistributed earnings from foreign subsidiaries (1.5 ) - Tax effects of Chinese foreign exchange (losses)gains (0.9 ) 1.1 Change in valuation allowance 1.4 0.3 U.S. state income tax expense 0.4 1.4 Other (0.9 ) 1.0 24.3 % 37.8 % Deferred Income Taxes Valuation Allowance In accordance with ASC Topic 740, we evaluate our deferred income taxes to determine if a valuation allowance is required. ASC Topic 740 requires that companies 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, taking into account the effects of local tax law. Based on our assessment at July 30, 2017, we recorded a partial valuation allowance of $637,000, of which $559,000 pertained to certain U.S. state net operating loss carryforwards and credits and $78,000 pertained to loss carryfowards associated with our Culp Europe operation located in Poland. Based on our assessment at July 31, 2016, we recorded a partial valuation allowance of $625,000, of which $539,000 pertained to certain U.S. state net operating loss carryforwards and credits and $86,000 pertained to loss carryfowards associated with our Culp Europe operation located in Poland. Based on our assessment at April 30, 2017, we recorded a partial valuation allowance of $536,000, of which $464,000 pertained to certain U.S. state net operating loss carryforwards and credits and $72,000 pertained to loss carryfowards associated with our Culp Europe operation located in Poland. No valuation allowance was recorded against our net deferred tax assets associated with our operations located in China and Canada at July 30, 2017, July 31, 2016, and April 30, 2017, respectively. The recorded valuation allowance of $637,000 at July 30, 2017, has no effect on our operations, loan covenant compliance, or the possible realization of certain U.S. state net operating loss carryforwards and credits and our loss carryforwards associated with our Culp Europe operation located in Poland. If it is determined that it is more-likely-than-not that we will realize any of these deferred tax assets, an income tax benefit will be recognized at that time. Undistributed Earnings In accordance with ASC Topic 740, we assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. ASC Topic 740 requires that a deferred tax liability should be recorded for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. Based on our assessment as of July 30, 2017, it is our intention not to permanently invest our undistributed earnings from our foreign subsidiaries, with the exception of $1.8 million that will be reinvested indefinitely in our unconsolidated joint venture located in Haiti. Also, we assess the recognition of U.S. foreign income tax credits associated with foreign withholding and income tax payments and whether it is more-likely-than-not that our foreign income tax credits will not be realized. If it is determined that any foreign income tax credits need to be recognized or it is more-likely-than-not our foreign income tax credits will not be realized, an adjustment to our provision for income taxes will be recognized at that time. At July 30, 2017, we had accumulated earnings and profits from our foreign subsidiaries totaling $150.8 million. At the same date, the deferred tax liability associated with our undistributed earnings from our foreign subsidiaries totaled $810,000, which included U.S. income and foreign withholding taxes totaling $45.4 million, offset by U.S. foreign income tax credits of $44.6 million. At July 31, 2016, we had accumulated earnings and profits from our foreign subsidiaries totaling $134.7 million. At the same date, the deferred tax liability associated with our undistributed earnings from our foreign subsidiaries totaled $431,000, which included U.S. income and foreign withholding taxes totaling $39.8 million, offset by U.S. foreign income tax credits of $39.4 million. At April 30, 2017, we had accumulated earnings and profits from our foreign subsidiaries totaling $146.9 million. At the same date, the deferred tax liability associated with our undistributed earnings from our foreign subsidiaries totaled $497,000, which included U.S. income and foreign withholding taxes totaling $44.0 million, offset by U.S. foreign income tax credits of $43.5 million. Overall At July 30, 2017, our non-current deferred tax asset of $436,000 pertains to our operations located in China. At July 31, 2016, our non-current deferred tax asset of $1.9 million represented $1.4 million and $561,000 from our operations located in the U.S. and China, respectively. At April 30, 2017, our non-current deferred tax asset of $419,000 pertained to our operations located in China. At July 30, 2017, our non-current deferred tax liability of $4.3 million represents $2.3 million and $2.0 million from our operations located in the U.S. and Canada, respectively. Our non-current deferred tax liability balance of $1.5 million at July 31, 2016 pertained to our operations located in Canada. At April 30, 2017, our non-current deferred tax liability of $3.6 million represented $2.1 million and $1.5 million from our operations located in Canada and the U.S., respectively. Uncertainty In Income Taxes At July 30, 2017, we had a $12.4 million total gross unrecognized income tax benefit, of which $11.9 million and $487,000 were classified as non-current deferred income taxes and income taxes payable – long-term, respectively, in the accompanying consolidated balance sheets. At July 31, 2016, we had a $15.0 million total gross unrecognized income tax benefit, of which $11.2 million and $3.8 million were classified as non-current deferred income taxes and income taxes payable – long-term, respectively, in the accompanying consolidated balance sheets. At April 30, 2017, we had $12.2 million of total gross unrecognized income tax benefit, of which $11.8 million and $467,000 were classified as non-current deferred income taxes and income taxes payable – long-term, respectively, in the accompanying consolidated balance sheets. At July 30, 2017, our $12.4 million total gross unrecognized income tax benefit included $487,000 that, if recognized, would favorably affect the income tax rate in future periods. At July 31, 2016, our $15.0 million total gross unrecognized income tax benefit, included $3.8 million that, if recognized, would favorably affect the income tax rate in future periods. At April 30, 2017, our $12.2 million total gross unrecognized income tax benefit included $467,000 that, if recognized, would favorably affect the income tax rate in future periods. Our gross unrecognized income tax benefit of $12.4 million at July 30, 2017, relates to tax positions for which significant change is reasonably possible within the next year. This amount primarily relates to double taxation under applicable income tax treaties with foreign tax jurisdictions. United States federal and state income tax returns filed by us remain subject to examination for income tax years 2005 and subsequent due to loss carryforwards. Canadian federal and provincial (Quebec) returns filed by us remain subject to examination for income tax years 2013 and subsequent. Income tax returns associated with our operations located in China are subject to examination for income tax year 2012 and subsequent. Currently, the Internal Revenue Service is examining our U.S. Federal income tax returns for fiscal 2014 through 2016, and no adjustments have been proposed at this time. We currently expect this examination to be completed during fiscal 2018. During the third quarter of fiscal 2017, Revenue Quebec commenced an examination of our Canadian provincial (Quebec) income tax returns for fiscal years 2013 through 2015, and no adjustments have been proposed at this time. We currently expect this examination to be completed during fiscal 2018. In accordance with ASC Topic 740, 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 reporting period, or is effectively settled through examination, negotiation, or litigation, or the statue 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.

Statutory Reserves

Statutory Reserves	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Statutory Reserves	14. Statutory Reserves Our subsidiaries located in China are required to transfer 10% of their 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 reaches 50% of the company’s registered capital. The transfer to this reserve must be made before distributions of any dividend to shareholders. As of July 30, 2017, the company’s statutory surplus reserve was $4.3 million, representing 10% of accumulated earnings and profits determined in accordance with PRC accounting rules and regulations. The surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any, and 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. Our subsidiaries located in China can transfer funds to the parent company with the exception of the statutory surplus reserve of $4.3 million to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jul. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Litigation The company is involved in legal proceedings and claims which have arisen in the ordinary course of business. Management has determined that it is not reasonably possible that these actions, when ultimately concluded and settled, will have a material adverse effect upon the financial position, results of operations, or cash flows of the company. Accounts Payable – Capital Expenditures At July 30, 2017 and April 30, 2017, we had total amounts due regarding capital expenditures totaling $5.6 million and $6.1 million, respectively, of which $3.9 million and $5.1 million was financed and pertained to completed work for the construction of a new building (see below). Of the total $3.9 million due at July 30, 2017, $2.5 million is required to be paid during the remainder of fiscal 2018, with a remaining amount of $1.4 million due in fiscal 2019 (May 2018). At July 31, 2016, we had total amounts due regarding capital expenditures totaling $627,000, which pertained to outstanding vendor invoices, none of which were financed. Purchase Commitments – Capital Expenditures At July 30, 2017 we had open purchase commitments to acquire a building and equipment for our mattress fabrics segment totaling $6.4 million. The $6.4 million includes $3.9 million (all of which represents completed work) associated with the construction of a new building below. Effective May 16, 2016, we entered into an agreement with a contractor to construct a new building located in North Carolina to expand our distribution capabilities and office space at a cost of $11.3 million. This agreement required an installment payment of $1.9 million in April 2016 with additional installment payments to be made in the following fiscal years: Fiscal 2017- $4.3 million; Fiscal 2018- $3.7 million; and Fiscal 2019 - $1.4 million. Interest is charged on the required outstanding installment payments for services that were previously rendered at a rate of $2.25% plus the current 30 day LIBOR rate. Also, we were required to issue a letter of a credit totaling $5.0 million with the contractor’s bank being the beneficiary. In addition to the interest charged on the outstanding installment payments noted above, there is a 0.1% unused fee calculated on the balance of the $5.0 million letter of credit less the amount outstanding per month (see Note 8 for further details). This new building was placed into service in July 2017.

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Venture	3 Months Ended
	Jul. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Joint Venture	16. Investment in Unconsolidated Joint Venture Effective January 1, 2017, Culp International Holdings, Ltd. (Culp), a wholly-owned subsidiary of Culp, Inc., entered into a joint venture agreement, pursuant to which Culp owns fifty percent of CLASS International Holdings, Ltd (CLIH). CLIH will produce cut and sewn mattress covers, and its operations will be located in a modern industrial park in northeastern Haiti, which borders the Dominican Republic. CLIH is currently expected to commence production in the second quarter of fiscal 2018 (October 2017) and to complement our existing U.S. mattress fabric operations with a mirrored platform that will enhance our ability to meet customer demand while adding a lower cost operation to our platform. During the three month period ended July 30, 2017, CLIH incurred a $236,000 net loss that pertained to start-up operating expenses in the first quarter of fiscal 2018. Our equity interest in this net loss was $118,000, which represents the company’s fifty percent ownership in CLIH. The following table summarizes information on assets, liabilities and members’ equity of our equity method investment in CLIH: (dollars in thousands) July 30, 2017 April 30, 2017 total assets $ 3,003 $ 2,258 total liabilities $ 48 $ 46 total members’ equity $ 2,955 $ 2,212 At July 30, 2017 and April 30, 2017, our investment in CLIH totaled $1.5 million and $1.1 million, respectively, which represents the company’s fifty percent ownership interest in CLIH.

Common Stock Repurchase Program

Common Stock Repurchase Program	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Common Stock Repurchase Program	17. Common Stock Repurchase Program On June 15, 2016, we announced that 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 amount of shares purchased and the timing of such purchases will be based on working capital requirements, market and general business conditions, and other factors, including alternative investment opportunities. During the three months ended July 30, 2017, and July 31, 2016, we did not purchase any shares of our common stock. At July 30, 2017, we had $5.0 million available for repurchases of our common stock.

Dividend Program

Dividend Program	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Dividend Program	18. Dividend Program On June 13, 2017, we announced that our board of directors approved the payment of a special cash dividend of $0.21 per share and a regular quarterly cash dividend payment of $0.08 per share. These dividends were paid on July 17, 2017, to shareholders of record as of July 3, 2017. During the first quarter of fiscal 2018, dividend payments totaled $3.6 million, of which $2.6 million represented a special cash dividend payment of $0.21 per share, and $1.0 million represented a quarterly dividend payment of $0.08 per share. During the first quarter of fiscal 2017, dividend payments totaled $3.4 million, of which $2.5 million represented a special cash dividend payment of $0.21 per share, and $861,000 represented a quarterly dividend payment of $0.07 per share. On August 30, 2017, we announced that our board of directors approved a quarterly cash dividend of $0.08 per share. This payment will be made on October 16, 2017, to shareholders of record as of October 2, 2017. Future dividend payments are subject to board approval and may be adjusted at the board’s discretion as business needs or market conditions change.

Significant Accounting Polici26

Significant Accounting Policies (Policies)	3 Months Ended
	Jul. 30, 2017
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Measurement of Inventory In July 2015, the FASB issued ASU No. 2015-11, “Simplifying the Measurement of Inventory”, which changed the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. ASU No. 2015-11 was effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. As a result, we adopted ASU No. 2015-11 in the first quarter of fiscal 2018 and the adoption of this guidance did not have a significant impact on our consolidated financial statements. Stock-Based Compensation In March 2016, the FASB issued ASU No. 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting". ASU No. 2016-09 was effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2016. Accordingly, we adopted this guidance during the first quarter of fiscal 2018. ASU No. 2016-09 aims to simplify several aspects of accounting and financial reporting for share-based payment transactions. One provision within this pronouncement requires that excess income tax benefits and deficiencies related to share-based payments be recognized within income tax expense as a discrete event in the period in which they occur, rather than within additional paid-in capital on our consolidated balance sheet on a prospective basis. The impact to our results of operations related to this provision in the first quarter of fiscal 2018 was a reduction to income tax expense of $554,000. The impact of this provision on our future results of operations will depend in part on the market prices for the shares of our common stock on the dates there are taxable events related to the share-based awards, and therefore, the impact is difficult to predict. In connection with another provision within ASU No. 2016-09, we have elected to account for forfeitures of share-based awards as an estimate of the number of awards that are expected to vest, which is consistent with our accounting policy prior to adoption. Also, we adopted the provisions of ASU No. 2016-09 related to changes on the Consolidated Statements of Cash Flows on a retrospective basis. As a result, we no longer classify excess income tax benefits as a financing activity, which increased net cash provided by operating activities and reduced net cash provided by financing activities by $167,000 for the three months ended July 31, 2016. Additionally, we no longer classify payments for employee taxes when common stock shares are withheld to satisfy the employer’s statutory income tax withholding obligation as an operating activity, which increased net cash provided by operating activities and reduced net cash provided by financing activities by $280,000 for the three months ended July 31, 2016. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, which amends ASC Topic 606, Revenue from Contracts with Customers. Revenue from Contracts with Customers: Deferral of the Effective Date In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Than Inventory, There are no other new accounting pronouncements that are expected to have a significant impact on our consolidated financial statements.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Jul. 30, 2017
Summary of Vested Performance Based Restricted Stock Units	The following table summarizes information related to our performance based restricted stock units that vested during the three month periods ending July 30, 2017 and July 31, 2016: Fiscal Year Common Stock Shares Vested (1) Fair Value Price Per Share Fiscal 2018 – Management 102,845 $ 1,820 $ 17.70 (2) Fiscal 2018 – Non-employee 16,000 $ 520 $ 32.50 (3) Fiscal 2017 - 37,192 $ 637 $ 17.12 (2) Fiscal 2017 - 12,000 $ 345 $ 28.77 (3) (1) Dollar amounts are in thousands. (2) Price per share represents the closing price of our common stock on the date of grant. (3) The respective grant vested during the first quarter of fiscal 2018 or 2017, respectively. Accordingly, the price per share represents the closing price of our common stock on the date the award vested.
Management [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 key members of management that are currently unvested: (1) (2) Vesting Date of Grant Units Awarded Share Period July 13, 2017 122,195 $32.50 3 years July 14, 2016 107,880 $28.00 3 years July 15, 2015 107,554 $32.23 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. (2) Price per share represents the closing price of our common stock on the date of grant.
Non-employee [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 a non-employee for that are currently unvested: Date of Grant (1) Units Awarded Price Per Share Vesting Period July 13, 2017 10,200 $30.65 (2) 3 years July 14, 2016 11,549 $30.65 (2) 3 years July 15, 2015 10,364 $30.65 (2) 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. (2) The respective grant was unvested at the end of our reporting period. Accordingly, the price per share represents the closing price of our common stock on July 30, 2017, the end of our reporting period.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	3 Months Ended
	Jul. 30, 2017
Receivables [Abstract]
Summary of Accounts Receivable	A summary of accounts receivable follows: (dollars in thousands ) July 30, 2017 July 31, 2016 April 30, 2017 Customers $ 23,548 $ 24,669 $ 26,211 Allowance for doubtful accounts (325 ) (850 ) (414 ) Reserve for returns and allowances and discounts (1,083 ) (1,129 ) (1,220 ) $ 22,140 $ 22,690 $ 24,577
Summary of the Activity in the Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Beginning balance $ (414 ) $ (1,088 ) Provision for bad debts 89 227 Net write-offs, net of recoveries - 11 Ending balance $ (325 ) $ (850 )
Summary of the Activity in the Allowance for Returns and Allowances and Discounts	A summary of the activity in the allowance for returns and allowances and discounts accounts follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Beginning balance $ (1,220 ) $ (962 ) Provision for returns, allowances and discounts (628 ) (919 ) Credits issued 765 752 Ending balance $ (1,083 ) $ (1,129 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jul. 30, 2017
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Raw materials $ 6,956 $ 6,779 $ 6,456 Work-in-process 2,782 3,224 3,095 Finished goods 45,489 38,128 41,931 $ 55,227 $ 48,131 $ 51,482

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Summary of Other Assets	A summary of other assets follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Cash surrender value – life insurance $ 376 $ 358 $ 376 Non-compete agreement, net 809 885 828 Customer relationships, net 651 702 664 Other 561 557 526 $ 2,397 $ 2,502 $ 2,394

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Jul. 30, 2017
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Compensation, commissions and related benefits $ 4,535 $ 5,400 $ 10,188 Advertising rebates 347 485 468 Interest 19 7 51 Other accrued expenses 1,174 998 1,240 $ 6,075 $ 6,890 $ 11,947

Fair Value of Financial Instr32

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jul. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following table presents information about assets measured at fair value on a recurring basis: Fair value measurements at July 30, 2017 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Corporate Bonds $ - $ 30,846 $ - $ 30,846 Premier Money Market Fund 5,991 N/A N/A 5,991 Low Duration Bond Fund 1,085 N/A N/A 1,085 Intermediate Term Bond Fund 762 N/A N/A 762 Strategic Income Fund 622 N/A N/A 622 Large Blend Fund 381 N/A N/A 381 Growth Allocation Fund 140 N/A N/A 140 Moderate Allocation Fund 102 N/A N/A 102 Other 100 N/A N/A 100 Fair value measurements at July 31, 2016 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 3,950 N/A N/A $ 3,950 Low Duration Bond Fund 1,073 N/A N/A 1,073 Intermediate Term Bond Fund 754 N/A N/A 754 Strategic Income Fund 597 N/A N/A 597 Large Blend Fund 310 N/A N/A 310 Mid Cap Value Fund 117 N/A N/A 117 Growth Allocation Fund 97 N/A N/A 97 Other 147 N/A N/A 147 Fair value measurements at April 30, 2017 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: U.S. Corporate Bonds $ - $ 30,831 $ - $ 30,831 Premier Money Market Fund 4,811 N/A N/A 4,811 Low Duration Bond Fund 1,081 N/A N/A 1,081 Intermediate Term Bond Fund 751 N/A N/A 751 Strategic Income Fund 611 N/A N/A 611 Large Blend Fund 365 N/A N/A 365 Growth Allocation Fund 126 N/A N/A 126 Moderate Allocation Fund 88 N/A N/A 88 Other 76 N/A N/A 76

Cash Flow Information (Tables)

Cash Flow Information (Tables)	3 Months Ended
	Jul. 30, 2017
Supplemental Cash Flow Elements [Abstract]
Schedule of Interest and Income Taxes Paid	Interest and income taxes paid are as follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Interest $ 83 $ 3 Income taxes 536 2,263

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Jul. 30, 2017
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net Income Per Share	Weighted average shares used in the computation of basic and diluted net income per share follows: Three months ended (amounts in thousands) July 30, 2017 July 31, 2016 Weighted average common shares outstanding, basic 12,399 12,286 Dilutive effect of stock-based compensation 191 177 Weighted average common shares outstanding, diluted 12,590 12,463

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jul. 30, 2017
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Financial information for the company’s operating segments follows: Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Net sales: Mattress Fabrics $ 48,429 $ 50,530 Upholstery Fabrics 31,104 30,152 $ 79,533 $ 80,682 Gross profit: Mattress Fabrics $ 9,760 $ 11,901 Upholstery Fabrics 6,705 6,518 $ 16,465 $ 18,419 Selling, general, and administrative expenses: Mattress Fabrics $ 3,391 $ 3,499 Upholstery Fabrics 3,811 3,534 Total segment selling, general, and administrative expenses 7,202 7,033 Unallocated corporate expenses 2,299 2,713 $ 9,501 $ 9,746 Income from operations: Mattress Fabrics $ 6,368 $ 8,402 Upholstery Fabrics 2,895 2,984 Total segment income from operations 9,263 11,386 Unallocated corporate expenses (2,299 ) (2,713 ) Total income from operations 6,964 8,673 Interest income 131 25 Other expense (353 ) (152 ) Income before income taxes $ 6,742 $ 8,546 Balance sheet information for the company’s operating segments follows: (dollars in thousands) July 30, 2017 July 31, 2016 April 30, 2017 Segment assets: Mattress Fabrics Current assets (1) $ 46,750 $ 39,800 $ 47,038 Non-compete agreement 809 885 828 Customer relationships 651 702 664 Investment in unconsolidated joint venture 1,477 - 1,106 Goodwill 11,462 11,462 11,462 Property, plant and equipment (2) 50,270 39,435 48,916 Total mattress fabrics assets 111,419 92,284 110,014 Upholstery Fabrics Current assets (1) 30,617 31,021 29,021 Property, plant and equipment (3) 1,857 1,459 1,879 Total upholstery fabrics assets 32,474 32,480 30,900 Total segment assets 143,893 124,764 140,914 Non-segment assets: Cash and cash equivalents 18,322 45,549 20,795 Short-term investments 2,469 2,434 2,443 Deferred income taxes 436 1,942 419 Other current assets 3,441 2,294 2,894 Property, plant and equipment (4) 785 851 856 Long-term investments (Held-to-Maturity) 30,907 - 30,945 Long-term investments (Rabbi Trust) 6,714 4,611 5,466 Other assets 937 915 902 Total assets $ 207,904 $ 183,360 $ 205,634 Three months ended (dollars in thousands) July 30, 2017 July 31, 2016 Capital expenditures (5): Mattress Fabrics $ 2,967 $ 3,521 Upholstery Fabrics 85 14 Unallocated Corporate 16 8 Total capital expenditures $ 3,068 $ 3,543 Depreciation expense: Mattress Fabrics $ 1,612 $ 1,556 Upholstery Fabrics 195 205 Total depreciation expense $ 1,807 $ 1,761 (1) Current assets represent accounts receivable and inventory for the respective segment. (2) The $50.3 million at July 30, 2017, represents property, plant, and equipment of $35.8 million and $14.5 million located in the U.S. and Canada, respectively. The $39.4 million at July 31, 2016, represents property, plant, and equipment of $25.5 million and $13.9 million located in the U.S. and Canada, respectively. The $48.9 million at April 30, 2017, represents property, plant, and equipment of $34.0 million and $14.9 million located in the U.S. and Canada, respectively. (3) The $1.9 million at July 30, 2017, represents property, plant, and equipment of $1.2 million and $684 located in the U.S. and China, respectively. The $1.5 million at July 31, 2016, represents property, plant, and equipment of $847 and $612 located in the U.S. and China, respectively. The $1.9 million at April 30, 2017, represents property, plant, and equipment of $1.2 million and $655 located in the U.S. and China, respectively. (4) The $785, $851, and $856 at July 30, 2017, July 31, 2016 and April 30, 2017, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments. Property, plant, and equipment associated with corporate are located in the U.S. (5) 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)	3 Months Ended
	Jul. 30, 2017
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 factors that contributed to the difference between income tax expense at the federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2018 2017 Federal income tax rate 34.0 % 34.0 % Excess income tax benefits related to stock-based compensation (8.2 ) - Undistributed earnings from foreign subsidiaries (1.5 ) - Tax effects of Chinese foreign exchange (losses)gains (0.9 ) 1.1 Change in valuation allowance 1.4 0.3 U.S. state income tax expense 0.4 1.4 Other (0.9 ) 1.0 24.3 % 37.8 %

Investment in Unconsolidated 37

Investment in Unconsolidated Joint Venture (Tables)	3 Months Ended
	Jul. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]
Summary of Equity Method Investment	The following table summarizes information on assets, liabilities and members’ equity of our equity method investment in CLIH: (dollars in thousands) July 30, 2017 April 30, 2017 total assets $ 3,003 $ 2,258 total liabilities $ 48 $ 46 total members’ equity $ 2,955 $ 2,212

Significant Accounting Polici38

Significant Accounting Policies (Detail) - USD ($)	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income taxes	$ 1,640,000	$ 3,233,000
Accrued expenses and deferred compensation, operating activities	(4,704,000)	(4,631,000)
Common stock surrendered for withholding taxes payable, financing activities	1,135,000	280,000
ASU No. 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Income taxes	$ (554,000)
Excess tax benefit related to stock-based compensation, operating activities		167,000
Excess tax benefit related to stock-based compensation, financing activities		167,000
Accrued expenses and deferred compensation, operating activities		280,000
Common stock surrendered for withholding taxes payable, financing activities		$ 280,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	Jul. 30, 2017	Jul. 13, 2017	Jul. 14, 2016	Jul. 30, 2017	Jul. 31, 2016	Sep. 16, 2015
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock authorized for issuance						1,200,000
Number of shares available for future equity based grants	895,623			895,623
2007 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future equity based grants						0
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 5,300,000			$ 5,300,000
Weighted average period over which unrecognized compensation cost is expected to be recognized				2 years 1 month 6 days
Incentive Stock Option Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options granted				0
Number of options to purchase common stock outstanding	15,000			15,000
Number of options exercisable	15,000			15,000
Weighted average exercise price for options outstanding	$ 7.08			$ 7.08
Weighted average exercise price for options exercisable	$ 7.08			$ 7.08
Weighted average contractual term for options outstanding	10 months 25 days
Weighted average contractual term for options exercisable	10 months 25 days
Aggregate intrinsic value for options outstanding	$ 354,000			$ 354,000
Aggregate intrinsic value for options exercisable	$ 354,000			354,000
Aggregate intrinsic value for options exercised				$ 14,000	$ 43,000
Number of unvested stock options	0			0
Unrecognized compensation cost related to incentive stock options	$ 0			$ 0
Share-based compensation expense				0	0
Time Vested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 37,000			$ 37,000
Vesting Period				10 months 15 days
Selling, General and Administrative Expenses [Member] | Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense				$ 751,000	$ 761,000
Selling, General and Administrative Expenses [Member] | Time Vested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense				$ 6,000
Employee [Member] | Time Vested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		1,200	1,200
Closing price of common stock		$ 32.50	$ 28
Vesting Period		11 months	11 months
Number of shares vested				1,200
Weighted average fair value of vested shares				$ 34,000
Weighted average fair value of vested shares, per share				$ 28

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with Key Members of Management (Detail) - Performance Based Restricted Stock Units [Member] - Management [Member] - $ / shares		Jul. 13, 2017	Jul. 14, 2016	Jul. 15, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Awarded	[1]	122,195	107,880	107,554
Price Per Share	[2]	$ 32.50	$ 28	$ 32.23
Vesting Period		3 years	3 years	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.
[2]	Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Su41

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with Non-Employee (Detail) - Performance Based Restricted Stock Units [Member] - Non-employee [Member] - $ / shares		Jul. 13, 2017	Jul. 14, 2016	Jul. 15, 2015	Jul. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Awarded	[1]	10,200	11,549	10,364
Vesting Period		3 years	3 years	3 years
Granted on July 13, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price Per Share	[2]				$ 30.65
Granted on July 14, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price Per Share	[2]				30.65
Granted on July 15, 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Price Per Share	[2]				$ 30.65
[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.
[2]	The respective grant was unvested at the end of our reporting period. Accordingly, the price per share represents the closing price of our common stock on July 30, 2017, the end of our reporting period.

Stock-Based Compensation - Su42

Stock-Based Compensation - Summary of Vested Performance Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Jul. 30, 2017	Jul. 31, 2016
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock Shares Vested		102,845	37,192
Weighted Average Fair Value	[1]	$ 1,820	$ 637
Price Per Share	[2]	$ 17.70	$ 17.12
Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock Shares Vested		16,000	12,000
Weighted Average Fair Value	[1]	$ 520	$ 345
Price Per Share	[3]	$ 32.50	$ 28.77
[1]	Dollar amounts are in thousands.
[2]	Price per share represents the closing price of our common stock on the date of grant.
[3]	The respective grant vested during the first quarter of fiscal 2018 or 2017, respectively. Accordingly, the price per share represents the closing price of our common stock on the date the award vested.

Accounts Receivable (Detail)

Accounts Receivable (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016	May 01, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Customers	$ 23,548	$ 26,211		$ 24,669
Accounts receivable, net	22,140	24,577	[1]	22,690
Allowance for doubtful accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	(325)	(414)		(850)	$ (1,088)
Reserve for returns and allowances and discounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	$ (1,083)	$ (1,220)		$ (1,129)	$ (962)
[1]	Derived from audited financial statements.

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ (414)	$ (1,088)
Provision for bad debts	89	227
Net write-offs, net of recoveries		11
Ending balance	$ (325)	$ (850)

Accounts Receivable - Allowan45

Accounts Receivable - Allowance for Returns and Allowances and Discounts (Detail) - Reserve for returns and allowances and discounts [Member] - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ (1,220)	$ (962)
Provision for returns, allowances and discounts	(628)	(919)
Credits issued	765	752
Ending balance	$ (1,083)	$ (1,129)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 6,956	$ 6,456		$ 6,779
Work-in-process	2,782	3,095		3,224
Finished goods	45,489	41,931		38,128
Inventories	$ 55,227	$ 51,482	[1]	$ 48,131
[1]	Derived from audited financial statements.

Other Assets (Detail)

Other Assets (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Other Assets, Noncurrent [Abstract]
Cash surrender value - life insurance	$ 376	$ 376		$ 358
Non-compete agreement, net	809	828		885
Customer relationships, net	651	664		702
Other	561	526		557
Other assets	$ 2,397	$ 2,394	[1]	$ 2,502
[1]	Derived from audited financial statements.

Other Assets - Narrative (Detai

Other Assets - Narrative (Detail)	3 Months Ended
	Jul. 30, 2017USD ($)Contract	Jul. 31, 2016USD ($)Contract	Apr. 30, 2017USD ($)Contract
Other Assets [Line Items]
Gross carrying amount of non-compete agreement	$ 2,000,000	$ 2,000,000	$ 2,000,000
Gross carrying amount of customer relationships	$ 868,000	$ 868,000	$ 868,000
Number of life insurance contracts owned | Contract	1	1	1
Life insurance contracts, death benefits to insured	$ 1,400,000	$ 1,400,000	$ 1,400,000
Life insurance contracts, cash surrender value	$ 376,000	358,000	376,000
Non-compete Agreement [Member]
Other Assets [Line Items]
Useful life	15 years
Accumulated amortization	$ 1,200,000	1,100,000	1,200,000
Amortization expense	19,000	19,000
Remaining amortization expense for the fiscal year	56,000
Remaining amortization expense for the second fiscal year	75,000
Remaining amortization expense for the third fiscal year	75,000
Remaining amortization expense for the fourth fiscal year	75,000
Remaining amortization expense for the fifth fiscal year	75,000
Remaining amortization expense for the fiscal year thereafter	$ 453,000
Weighted average remaining amortization period	10 years 9 months 18 days
Customer Relationships [Member]
Other Assets [Line Items]
Useful life	17 years
Accumulated amortization	$ 217,000	166,000	$ 204,000
Amortization expense	13,000	$ 13,000
Remaining amortization expense for the fiscal year	38,000
Remaining amortization expense for the second fiscal year	51,000
Remaining amortization expense for the third fiscal year	51,000
Remaining amortization expense for the fourth fiscal year	51,000
Remaining amortization expense for the fifth fiscal year	51,000
Remaining amortization expense for the fiscal year thereafter	$ 409,000
Weighted average remaining amortization period	12 years 9 months 18 days

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Payables and Accruals [Abstract]
Compensation, commissions and related benefits	$ 4,535	$ 10,188		$ 5,400
Advertising rebates	347	468		485
Interest	19	51		7
Other accrued expenses	1,174	1,240		998
Accrued expenses	$ 6,075	$ 11,947	[1]	$ 6,890
[1]	Derived from audited financial statements.

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail)	May 15, 2018USD ($)	Feb. 01, 2018USD ($)	Nov. 01, 2017USD ($)	Aug. 01, 2017USD ($)	Jul. 30, 2017USD ($)	Jul. 30, 2017CNY (¥)	Apr. 30, 2017USD ($)	Aug. 03, 2016USD ($)	Aug. 01, 2016USD ($)	Jul. 31, 2016USD ($)
Line of Credit Facility [Line Items]
Outstanding amount					$ 5,000,000					$ 7,000,000
United States [Member] | Third Amendment to Credit Agreement [Member]
Line of Credit Facility [Line Items]
Maximum amount of letters of credit									$ 7,500,000
Letters of credit outstanding, additional amount								$ 5,000,000
United States [Member] | Third Amendment to Credit Agreement [Member] | Scenario, Forecast [Member]
Line of Credit Facility [Line Items]
Automatic reduction of the additional letter of credit	$ 1,250,000	$ 1,250,000	$ 1,250,000	$ 1,250,000
United States [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 30,000,000
Interest rate description					Interest was charged at a rate as a variable spread over LIBOR based on our ratio of debt to EBITDA.
Applicable interest rate at end of period					2.68%	2.68%	2.45%			1.94%
Expiration date					Aug. 15, 2018
Reference rate on which the interest rate is based					LIBOR
Percentage of common stock in subsidiary pledge as collateral					65.00%
Outstanding amount					$ 5,000,000		$ 0			$ 7,000,000
Letters of credit, outstanding amount					250,000		250,000			250,000
China [Member] | Revolving credit agreement [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 5,900,000	¥ 40,000,000
Interest rate description					This agreement has an interest rate determined by the Chinese government
Expiration date					Feb. 15, 2018
Outstanding amount					$ 0		$ 0			$ 0

Fair Value of Financial Instr51

Fair Value of Financial Instruments - Recurring Basis (Detail) - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017	Jul. 31, 2016
U.S. Corporate Bonds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
U.S. Corporate Bonds	$ 30,846	$ 30,831
Premier Money Market Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	5,991	4,811	$ 3,950
Low Duration Bond Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	1,085	1,081	1,073
Intermediate Term Bond Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	762	751	754
Strategic Income Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	622	611	597
Large Blend Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	381	365	310
Growth Allocation Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	140	126	97
Moderate Allocation Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	102	88
Other [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	100	76	147
Mid Cap Value Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis			117
Quoted prices in active markets for identical assets - Level 1 [Member] | Premier Money Market Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	5,991	4,811	3,950
Quoted prices in active markets for identical assets - Level 1 [Member] | Low Duration Bond Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	1,085	1,081	1,073
Quoted prices in active markets for identical assets - Level 1 [Member] | Intermediate Term Bond Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	762	751	754
Quoted prices in active markets for identical assets - Level 1 [Member] | Strategic Income Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	622	611	597
Quoted prices in active markets for identical assets - Level 1 [Member] | Large Blend Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	381	365	310
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	140	126	97
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	102	88
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis	100	76	147
Quoted prices in active markets for identical assets - Level 1 [Member] | Mid Cap Value Fund [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured at fair value on a recurring basis			$ 117
Significant other observable inputs - Level 2 [Member] | U.S. Corporate Bonds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
U.S. Corporate Bonds	$ 30,846	$ 30,831

Fair Value of Financial Instr52

Fair Value of Financial Instruments - Narrative (Detail) - USD ($)	3 Months Ended
	Oct. 30, 2016	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term investments		$ 2,469,000	$ 2,443,000	[1]	$ 2,434,000
Held to maturity investments		30,907,000	30,945,000	[1]
Long-term investments (Rabbi Trust)		6,714,000	5,466,000	[1]	4,611,000
U.S. Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to maturity investments	$ 31,000,000	30,907,000	30,945,000
Held to maturity investments, fair value		30,846,000	30,831,000
U.S. Corporate Bonds [Member] | Minimum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term investments, maturity period	2 years
U.S. Corporate Bonds [Member] | Maximum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term investments, maturity period	2 years 6 months
Short-term Investments [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on long-term investments		(33,000)	(47,000)		(33,000)
Long-term investments (Rabbi Trust) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on long-term investments		$ 73,000	$ 43,000		$ (15,000)
[1]	Derived from audited financial statements.

Cash Flow Information - Interes

Cash Flow Information - Interest and Income Taxes Paid (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Interest	$ 83	$ 3
Income taxes	$ 536	$ 2,263

Cash Flow Information - Narrati

Cash Flow Information - Narrative (Detail) - USD ($)	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Interest costs	$ 64,000	$ 9,000
Interest cost capitalized	$ 64,000	$ 9,000

Net Income Per Share - Weighted

Net Income Per Share - Weighted Average Shares (Detail) - shares shares in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Weighted average common shares outstanding, basic	12,399	12,286
Dilutive effect of stock-based compensation	191	177
Weighted average common shares outstanding, diluted	12,590	12,463

Segment Information - Narrative

Segment Information - Narrative (Detail)	3 Months Ended
	Jul. 30, 2017Segment
Segment Reporting [Abstract]
Number of business segments	2

Segment Information - Financial

Segment Information - Financial Information for Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 79,533	$ 80,682
Gross profit	16,465	18,419
Selling, general, and administrative expenses	9,501	9,746
Income from operations	6,964	8,673
Interest income	131	25
Other expense	(353)	(152)
Income before income taxes	6,742	8,546
Operating Segments [Member]
Segment Reporting Information [Line Items]
Selling, general, and administrative expenses	7,202	7,033
Income from operations	9,263	11,386
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales	31,104	30,152
Gross profit	6,705	6,518
Selling, general, and administrative expenses	3,811	3,534
Income from operations	2,895	2,984
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales	48,429	50,530
Gross profit	9,760	11,901
Selling, general, and administrative expenses	3,391	3,499
Income from operations	6,368	8,402
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Selling, general, and administrative expenses	2,299	2,713
Income from operations	$ (2,299)	$ (2,713)

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Jul. 30, 2017	Jul. 31, 2016	Apr. 30, 2017		May 01, 2016
Segment Reporting Information [Line Items]
Non-compete agreement		$ 809	$ 885	$ 828
Customer relationships		651	702	664
Investment in unconsolidated joint venture		1,477		1,106	[1]
Goodwill		11,462	11,462	11,462	[1]
Property, plant and equipment		52,912	41,745	51,651	[1]
Total assets		207,904	183,360	205,634	[1]
Cash and cash equivalents		18,322	45,549	20,795	[1]	$ 37,787
Short-term investments		2,469	2,434	2,443	[1]
Deferred income taxes		436	1,942	419	[1]
Other current assets		3,441	2,294	2,894	[1]
Long-term investments (Held-to-Maturity)		30,907		30,945	[1]
Long-term investments (Rabbi Trust)		6,714	4,611	5,466	[1]
Other assets		2,397	2,502	2,394	[1]
Capital expenditures	[2]	3,068	3,543
Depreciation expense		1,807	1,761
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		143,893	124,764	140,914
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Current assets	[3]	46,750	39,800	47,038
Non-compete agreement		809	885	828
Customer relationships		651	702	664
Investment in unconsolidated joint venture		1,477		1,106
Goodwill		11,462	11,462	11,462
Property, plant and equipment	[4]	50,270	39,435	48,916
Total assets		111,419	92,284	110,014
Capital expenditures		2,967	3,521
Depreciation expense		1,612	1,556
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Current assets	[3]	30,617	31,021	29,021
Property, plant and equipment	[5]	1,857	1,459	1,879
Total assets		32,474	32,480	30,900
Capital expenditures		85	14
Depreciation expense		195	205
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[6]	785	851	856
Cash and cash equivalents		18,322	45,549	20,795
Short-term investments		2,469	2,434	2,443
Deferred income taxes		436	1,942	419
Other current assets		3,441	2,294	2,894
Long-term investments (Held-to-Maturity)		30,907		30,945
Long-term investments (Rabbi Trust)		6,714	4,611	5,466
Other assets		937	915	$ 902
Capital expenditures		$ 16	$ 8
[1]	Derived from audited financial statements.
[2]	Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.
[3]	Current assets represent accounts receivable and inventory for the respective segment.
[4]	The $50.3 million at July 30, 2017, represents property, plant, and equipment of $35.8 million and $14.5 million located in the U.S. and Canada, respectively. The $39.4 million at July 31, 2016, represents property, plant, and equipment of $25.5 million and $13.9 million located in the U.S. and Canada, respectively. The $48.9 million at April 30, 2017, represents property, plant, and equipment of $34.0 million and $14.9 million located in the U.S. and Canada, respectively.
[5]	The $1.9 million at July 30, 2017, represents property, plant, and equipment of $1.2 million and $684 located in the U.S. and China, respectively. The $1.5 million at July 31, 2016, represents property, plant, and equipment of $847 and $612 located in the U.S. and China, respectively. The $1.9 million at April 30, 2017, represents property, plant, and equipment of $1.2 million and $655 located in the U.S. and China, respectively.
[6]	The $785, $851, and $856 at July 30, 2017, July 31, 2016 and April 30, 2017, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments. Property, plant, and equipment associated with corporate are located in the U.S.

Segment Information - Balance59

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($) $ in Thousands		Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Segment Reporting Information [Line Items]
Property, plant and equipment		$ 52,912	$ 51,651	[1]	$ 41,745
United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		35,800	34,000		25,500
United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		1,200	1,200		847
Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		14,500	14,900		13,900
China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		684	655		612
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[2]	785	856		851
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		$ 785	$ 856		$ 851
[1]	Derived from audited financial statements.
[2]	The $785, $851, and $856 at July 30, 2017, July 31, 2016 and April 30, 2017, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress and upholstery fabric segments. Property, plant, and equipment associated with corporate are located in the U.S.

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Income taxes	$ 1,640	$ 3,233
Effective income tax rate	24.30%	37.80%

Income Taxes - Differences Betw

Income Taxes - Differences Between Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate (Detail)	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Federal income tax rate	34.00%	34.00%
Excess income tax benefits related to stock-based compensation	(8.20%)
Undistributed earnings from foreign subsidiaries	(1.50%)
Tax effects of Chinese foreign exchange (losses) gains	(0.90%)	1.10%
Change in valuation allowance	1.40%	0.30%
U.S. state income tax expense	0.40%	1.40%
Other	(0.90%)	1.00%
Effective income tax rate	24.30%	37.80%

Income Taxes - Deferred Income

Income Taxes - Deferred Income Taxes - Valuation Allowance - Narrative (Detail) - USD ($)	Jul. 30, 2017	Apr. 30, 2017	Jul. 31, 2016
U.S. Tax Authorities and Poland Tax Authorities [Member] | Valuation Allowance, Operating Loss Carryforwards [Member]
Income Taxes [Line Items]
Valuation allowance	$ 637,000	$ 536,000	$ 625,000
U.S. State Tax [Member] | Valuation Allowance, Operating Loss Carryforwards [Member]
Income Taxes [Line Items]
Valuation allowance	559,000	464,000	539,000
Canada and China [Member]
Income Taxes [Line Items]
Valuation allowance	0	0	0
Culp Europe [Member] | Poland [Member] | Valuation Allowance, Operating Loss Carryforwards [Member]
Income Taxes [Line Items]
Valuation allowance	$ 78,000	$ 72,000	$ 86,000

Income Taxes - Deferred Incom63

Income Taxes - Deferred Income Taxes - Undistributed Earnings - Narrative (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Apr. 30, 2017
Income Taxes [Line Items]
Undistributed earnings from our foreign subsidiaries that will not be reinvested indefinitely	$ 150,800,000	$ 134,700,000	$ 146,900,000
Deferred tax liability, undistributed earnings from foreign subsidiaries	810,000	431,000	497,000
U.S. income and foreign withholding taxes	45,400,000	39,800,000	44,000,000
U.S. foreign income tax credits	$ 44,600,000	$ 39,400,000	43,500,000
Unconsolidated Joint Venture [Member] | Haiti [Member]
Income Taxes [Line Items]
Undistributed earnings of foreign subsidiaries to be reinvested indefinitely			$ 1,800,000

Income Taxes - Deferred Incom64

Income Taxes - Deferred Income Taxes - Narrative (Detail) - USD ($)	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Income Taxes [Line Items]
Non-current deferred tax asset	$ 436,000	$ 419,000	[1]	$ 1,942,000
Non-current deferred tax liability	4,253,000	3,593,000	[1]	1,532,000
U.S. Tax Authorities [Member]
Income Taxes [Line Items]
Non-current deferred tax asset				1,400,000
Non-current deferred tax liability	2,300,000	1,500,000
China [Member]
Income Taxes [Line Items]
Non-current deferred tax asset	436,000	419,000		561,000
Canada [Member]
Income Taxes [Line Items]
Non-current deferred tax liability	$ 2,000,000	$ 2,100,000		$ 1,500,000
[1]	Derived from audited financial statements.

Income Taxes - Uncertainty in I

Income Taxes - Uncertainty in Income Taxes - Narrative (Detail) - USD ($)	3 Months Ended
	Jul. 30, 2017	Apr. 30, 2017	Jul. 31, 2016
Income Taxes [Line Items]
Unrecognized tax benefits	$ 12,400,000	$ 12,200,000	$ 15,000,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	487,000	467,000	3,800,000
Unrecognized tax benefits for which significant change is reasonably possible	12,400,000
Non-current Deferred Income Taxes [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	11,900,000	11,800,000	11,200,000
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 487,000	$ 467,000	$ 3,800,000
Earliest Tax Year [Member] | Canada [Member]
Income Taxes [Line Items]
Income tax returns, years subject to examination	2,013
Income tax examination, year under examination	2,013
Earliest Tax Year [Member] | China [Member]
Income Taxes [Line Items]
Income tax returns, years subject to examination	2,012
Earliest Tax Year [Member] | Internal Revenue Service (IRS) [Member]
Income Taxes [Line Items]
Income tax examination, year under examination	2,014
Latest Tax Year [Member] | Canada [Member]
Income Taxes [Line Items]
Income tax examination, year under examination	2,015
Latest Tax Year [Member] | Internal Revenue Service (IRS) [Member]
Income Taxes [Line Items]
Income tax examination, year under examination	2,016
United States Federal and State Income Tax [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Income tax returns, years subject to examination	2,005

Statutory Reserves (Detail)

Statutory Reserves (Detail) - Subsidiaries [Member] - China [Member] $ in Millions	3 Months Ended	12 Months Ended
	Jul. 30, 2017USD ($)	Jul. 30, 2017USD ($)
Statutory Reserve [Line Items]
Percentage of net income required to be transferred to a statutory surplus reserve fund	10.00%
Maximum required percentage of statutory surplus reserve fund to registered capital	50.00%
Statutory surplus reserve fund balance	$ 4.3	$ 4.3
Percentage of accumulated earnings and profits determined in accordance with PRC accounting rules and regulations	10.00%	10.00%
Minimum threshold percentage for statutory surplus reserve fund as percentage of registered capital, below which certain capital transactions are prohibited		25.00%

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($)	May 16, 2016	Apr. 30, 2016	Jul. 30, 2017	Apr. 30, 2017		Jul. 31, 2016
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures			$ 5,647,000	$ 6,100,000
Accounts payable for capital expenditures, current			5,647,000	4,767,000	[1]	$ 627,000
Buildings and Improvements [Member]
Commitments and Contingencies Disclosure [Line Items]
Amount financed for construction of building			3,900,000	5,100,000
Amount financed for construction of building required to be paid for remainder of fiscal 2018			2,500,000
Amount financed for construction of building required to be paid in fiscal 2019			1,400,000
Equipment [Member]
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures, current						$ 627,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments			6,400,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member] | Buildings and Improvements [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments			$ 3,900,000
Contractual obligation, current cost	$ 11,300,000
Contractual obligation paid		$ 1,900,000		$ 4,300,000
Contractual obligation due in fiscal 2018	3,700,000
Contractual obligation due in fiscal 2019	1,400,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member] | Buildings and Improvements [Member] | London Interbank Offered Rate (LIBOR) [Member]
Commitments and Contingencies Disclosure [Line Items]
Percentage rate added to variable rate			2.25%
Variable interest rate			30 day LIBOR rate
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member] | Buildings and Improvements [Member] | Letter of Credit [Member]
Commitments and Contingencies Disclosure [Line Items]
Letter of credit	$ 5,000,000
Unused fee calculated on letter of credit	0.10%
[1]	Derived from audited financial statements.

Investment in Unconsolidated 68

Investment in Unconsolidated Joint Venture - Narrative (Detail) - USD ($)	3 Months Ended
	Jul. 30, 2017	Apr. 30, 2017		Jan. 01, 2017
Schedule of Equity Method Investments [Line Items]
Loss from investment in unconsolidated joint venture	$ (118,000)
Investment in unconsolidated joint venture	$ 1,477,000	$ 1,106,000	[1]
CLIH [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%			50.00%
Unconsolidated joint venture, net loss	$ (236,000)
Loss from investment in unconsolidated joint venture	(118,000)
Investment in unconsolidated joint venture	$ 1,477,000	$ 1,106,000
[1]	Derived from audited financial statements.

Investment in Unconsolidated 69

Investment in Unconsolidated Joint Venture - Summary of Equity Method Investment (Detail) - CLIH [Member] - USD ($) $ in Thousands	Jul. 30, 2017	Apr. 30, 2017
Schedule of Equity Method Investments [Line Items]
total assets	$ 3,003	$ 2,258
total liabilities	48	46
total members' equity	$ 2,955	$ 2,212

Common Stock Repurchase Progr70

Common Stock Repurchase Program (Detail) - Common Stock Repurchase Program June 15, 2016 [Member] - Common Stock [Member] - USD ($)	3 Months Ended
	Jul. 30, 2017	Jul. 31, 2016	Jun. 15, 2016
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock			$ 5,000,000
Common stock repurchased	0	0
Remaining authorized repurchase amount	$ 5,000,000

Dividend Program (Detail)

Dividend Program (Detail) - USD ($)	Aug. 30, 2017	Jun. 13, 2017	Jul. 30, 2017	Jul. 31, 2016
Dividends [Line Items]
Cash dividends paid			$ 3,608,000	$ 3,445,000
Special Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share		$ 0.21
Cash dividends paid			$ 2,600,000	$ 2,500,000
Cash dividend payment, per share			$ 0.21	$ 0.21
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share		$ 0.08
Date of payment to shareholders entitled to dividends		Jul. 17, 2017
Date of record of shareholders entitled to dividends		Jul. 3, 2017
Cash dividends paid			$ 1,000,000	$ 861,000
Cash dividend payment, per share			$ 0.08	$ 0.07
Subsequent Event [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share	$ 0.08
Date of payment to shareholders entitled to dividends	Oct. 16, 2017
Date of record of shareholders entitled to dividends	Oct. 2, 2017