Culp (CULP) 10-Q 13 Sep 19 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Aug. 04, 2019shares
Cover [Abstract]
Document Type	10-Q
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Aug. 4, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--05-03
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	CULP
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock
Entity Address, State or Province	NC
Entity Common Stock, Shares Outstanding	12,405,014

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Income Statement [Abstract]
Net sales	$ 74,847	$ 71,473
Cost of sales	61,482	60,914
Gross profit	13,365	10,559
Selling, general and administrative expenses	10,711	8,033
Restructuring (credit) expense	(35)	451
Income from operations	2,689	2,075
Interest expense	9	20
Interest income	(249)	(150)
Other expense	87	257
Income before income taxes	2,842	1,948
Income taxes	1,681	906
(Income) loss from investment in unconsolidated joint venture	(13)	77
Net income	1,174	965
Net loss (income) attributable to non-controlling interest	164	(8)
Net income attributable to Culp, Inc. common shareholders	$ 1,338	$ 957
Net income attributable to Culp Inc. common shareholders per share - basic	$ 0.11	$ 0.08
Net income attributable to Culp Inc. common shareholders per share - diluted	$ 0.11	$ 0.08
Average shares outstanding, basic	12,399	12,510
Average shares outstanding, diluted	12,410	12,600

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,174	$ 965
Unrealized gain on investments, net of tax
Unrealized holding gains on investments	6	40
Reclassification adjustment for realized loss on investments		94
Total unrealized gain on investments	6	134
Unrealized gain on foreign currency cash flow hedge, net of tax
Unrealized holding loss on foreign currency cash flow hedge		(25)
Reclassification adjustment for realized loss on foreign currency cash flow hedge		40
Total unrealized gain on foreign currency cash flow hedge		15
Total other comprehensive income	6	149
Comprehensive income	1,180	1,114
Comprehensive loss (income) attributable to non-controlling interest	164	(8)
Comprehensive income attributable to Culp, Inc. common shareholders	$ 1,344	$ 1,106

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	[1]	Jul. 29, 2018
Current assets:
Cash and cash equivalents	$ 44,236	$ 40,008		$ 8,593
Short-term investments - Held-To-Maturity		5,001		30,756
Accounts receivable, net	24,090	23,751		23,225
Inventories	50,660	50,860		54,989
Current income taxes receivable	776	776
Assets held for sale	100
Other current assets	2,578	2,849		3,852
Total current assets	122,440	123,245		121,415
Property, plant and equipment, net	47,289	48,389		53,178
Goodwill	27,222	27,222		27,222
Intangible assets	10,354	10,448		10,730
Long-term investments - Rabbi Trust	7,347	7,081		7,671
Right of use assets	6,530
Noncurrent income taxes receivable	733	733
Deferred income taxes	486	457		3,721
Investment in unconsolidated joint venture	1,520	1,508		1,525
Other assets	526	643		910
Total assets	224,447	219,726		226,372
Current liabilities:
Accounts payable-trade	22,628	24,377		25,070
Accounts payable - capital expenditures	60	78		862
Operating lease liability - current	2,456
Deferred revenue	684	399		634
Accrued expenses	8,566	9,192		8,176
Accrued restructuring costs	42	124		445
Income taxes payable - current	1,116	1,022		1,244
Total current liabilities	35,552	35,192		36,431
Line of credit				4,000
Accrued expenses - long-term	333	333		749
Subordinated loan payable	925	675
Operating lease liability - noncurrent	3,955
Contingent consideration - earn-out obligation	5,931	5,856		5,600
Income taxes payable - long-term	3,640	3,249		3,733
Deferred income taxes	2,543	3,176		2,150
Deferred compensation	7,232	6,998		7,679
Total liabilities	60,111	55,479		60,342
Commitments and Contingencies (Notes 13, 19 and 20)
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,405,014 at August 4, 2019; 12,522,246 at July 29, 2018; and 12,391,160 at April 28, 2019	621	620		627
Capital contributed in excess of par value	43,803	43,694		46,334
Accumulated earnings	115,676	115,579		114,465
Accumulated other comprehensive income	46	40		64
Total shareholders' equity attributable to Culp Inc.	160,146	159,933		161,490
Non-controlling interest	4,190	4,314		4,540
Total equity	164,336	164,247		166,030
Total liabilities and shareholders' equity	$ 224,447	$ 219,726		$ 226,372
[1]	Derived from audited financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
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	12,405,014	12,391,160	12,522,246
Common stock, outstanding	12,405,014	12,391,160	12,522,246

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Cash flows from operating activities:
Net income	$ 1,174	$ 965
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	1,905	2,015
Amortization of assets	176	145
Stock-based compensation	154	(501)
Deferred income taxes	(662)	(2,263)
Realized loss on sale of short-term investments (Available for Sale)		94
(Gain) loss on disposal of equipment	(17)	35
(Income) loss from investment in unconsolidated joint venture	(13)	77
Foreign currency exchange gain	(47)	(91)
Changes in assets and liabilities:
Accounts receivable	(375)	2,837
Inventories	(25)	(429)
Other current assets	161	(989)
Other assets	111	34
Accounts payable - trade	(1,468)	(2,494)
Deferred revenue	285	(175)
Accrued expenses and deferred compensation	222	(1,566)
Accrued restructuring costs	(82)	445
Income taxes	524	(75)
Net cash provided by (used in) operating activities	2,023	(1,936)
Cash flows from investing activities:
Net cash paid for acquisition of businesses		(11,971)
Capital expenditures	(935)	(757)
Proceeds from the sale of equipment	209
Investment in unconsolidated joint venture		(100)
Proceeds from the sale of short-term investments (Held to Maturity)	5,000
Proceeds from the sale of short-term investments (Available for Sale)		2,458
Purchase of short-term investments (Available for Sale)		(10)
Purchase of long-term investments (Rabbi Trust)	(259)	(302)
Net cash used provided by (used in) investing activities	4,015	(10,682)
Cash flows from financing activities:
Proceeds from line of credit		11,000
Payments on line of credit		(7,000)
Payments on vendor-financed capital expenditures		(1,412)
Proceeds from subordinated loan payable	250
Cash paid for acquisition of business	(763)
Dividends paid	(1,241)	(1,127)
Common stock surrendered for withholding taxes payable	(44)	(1,292)
Capital contribution from non-controlling interest	40
Common stock repurchased		(72)
Net cash (used in) provided by financing activities	(1,758)	97
Effect of exchange rate changes on cash and cash equivalents	(52)	(114)
Increase (decrease) in cash and cash equivalents	4,228	(12,635)
Cash and cash equivalents at beginning of period	40,008	21,228
Cash and cash equivalents at end of period	$ 44,236	$ 8,593

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common Stock	Capital Contributed in Excess of Par Value	Accumulated Earnings	Accumulated Other Comprehensive (Loss) Income	Shareholders' equity attributable to Culp Inc.	Non-Controlling Interest
Balance at Apr. 29, 2018	[1]	$ 163,376	$ 623	$ 48,203	$ 114,635	$ (85)	$ 163,376
Balance (in shares) at Apr. 29, 2018	[1]		12,450,276
Net income (loss)		965			957		957	$ 8
Acquisition of subsidiary with non-controlling interest		4,532						4,532
Stock-based compensation		(501)		(501)			(501)
Unrealized gain on foreign currency cash flow hedge		15				15	15
Unrealized gain on investments		134				134	134
Common stock issued in connection with vesting of performance based restricted stock units			$ 6	(6)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)			115,917
Common stock issued in connection with vesting of time-based restricted stock units (in shares)			1,200
Common stock surrendered for withholding taxes payable		(1,292)	$ (2)	(1,290)			(1,292)
Common stock surrendered for withholding taxes payable (in shares)			(42,157)
Common stock repurchased		(72)		(72)			(72)
Common stock repurchased (in shares)			(2,990)
Dividends paid		(1,127)			(1,127)		(1,127)
Balance at Jul. 29, 2018		166,030	$ 627	46,334	114,465	64	161,490	4,540
Balance (in shares) at Jul. 29, 2018			12,522,246
Balance at Apr. 29, 2018	[1]	163,376	$ 623	48,203	114,635	(85)	163,376
Balance (in shares) at Apr. 29, 2018	[1]		12,450,276
Balance at Apr. 28, 2019	[1]	164,247	$ 620	43,694	115,579	40	159,933	4,314
Balance (in shares) at Apr. 28, 2019	[1]		12,391,160
Net income (loss)		1,174			1,338		1,338	(164)
Stock-based compensation		154		154			154
Unrealized gain on investments		6				6	6
Common stock issued in connection with vesting of performance based restricted stock units			$ 1	(1)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)			12,776
Fully vested common stock award			3,659
Common stock surrendered for withholding taxes payable		(44)		(44)			(44)
Common stock surrendered for withholding taxes payable (in shares)			(2,581)
Dividends paid		(1,241)			(1,241)		(1,241)
Capital contribution from non-controlling interest		40						40
Balance at Aug. 04, 2019		$ 164,336	$ 621	$ 43,803	$ 115,676	$ 46	$ 160,146	$ 4,190
Balance (in shares) at Aug. 04, 2019			12,405,014
[1]	Derived from audited financial statements.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Aug. 04, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Culp, Inc. and its majority-owned 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 12, 2019, for the fiscal year ended April 28, 2019. The company’s three-months ended August 4, 2019, and July 29, 2018, represent 14-week and 13-week periods, respectively.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Aug. 04, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of August 4, 2019, 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 28, 2019. Recently Adopted Accounting Pronouncements Leases In February 2016, the FASB issued ASU No. 2016-02, Leases Topic 842 allows the election of several practical expedients as part of adopting this new standard. We elected the “package of practical expedients” which permits us not to reassess, under Topic 842, our previous conclusions regarding lease identification and classification. We did not elect the use of hindsight with respect to determining the lease term. Also, Topic 842 provides practical expedients after adopting the new standard. We elected the short-term lease exemption, and therefore, we will not recognize ROU assets or lease liabilities for leases shorter than twelve months. We did not elect the practical expedient to combine lease and non-lease components for any class of assets and will account for lease components separately from non-lease components. The adoption of Topic 842 had a material effect on our Consolidated Balance Sheets and increased the required disclosures in our notes to the consolidated financial statements (see Note 19 for further details). The most significant effect related to the recognition of ROU assets totaling $7.2 million that were mostly offset by the recognition of lease liabilities totaling $7.1 million on our Consolidated Balance Sheets. The adoption of Topic 842 did not have a material impact on our Consolidated Statements of Net Income and our Consolidated Statement of Cash Flows. Recently Issued Accounting Pronouncements The company has considered all recent accounting pronouncements and currently believes there are no recent accounting pronouncements that may have a material impact on our Consolidated Financial Statements.

Business Combinations

Business Combinations	3 Months Ended
	Aug. 04, 2019
Business Combinations [Abstract]
Business Combinations	3. Business Combinations eLuxury, LLC (eLuxury) Overview Effective June 22, 2018, we entered into an Equity Purchase Agreement (Equity Agreement) in which we acquired an initial 80% ownership interest in eLuxury, a company that offers bedding accessories and home goods directly to consumers. eLuxury’s primary products include a line of mattress pads manufactured at eLuxury’s facility located in Evansville, Indiana. eLuxury also offers handmade platform beds, cotton bed sheets, as well as other bedding items. Its products are available on eLuxury’s own branded website, eLuxury.com This acquisition brings together eLuxury’s experience in e-commerce, online brand building, and direct-to-consumer shopping and fulfillment expertise with our global production, sourcing, and distribution capabilities. The estimated consideration given for the initial 80% ownership interest in eLuxury totaled $18.1 million, of which $12.5 million represents the estimated purchase price and $5.6 million represents the fair value for contingent consideration associated with an earn-out obligation (see below for further details). Of the $12.5 million estimated purchase price, $11.6 million was paid at closing on June 22, 2018, $185,000 was paid in August 2018, and $749,000 is to be paid in September 2019, subject to certain conditions as defined in the Equity Agreement. Assets Acquired and Liabilities Assumed The following table presents the final allocation of the acquisition cost to the assets acquired and liabilities assumed based on their fair values. (dollars in thousands) Fair Value Goodwill $ 13,653 Tradename 6,549 Equipment 2,179 Inventory 1,804 Accounts receivable and other current assets 108 Accounts payable (1,336 ) Accrued expenses (295 ) Non-controlling interest in eLuxury (4,532 ) $ 18,130 We recorded the tradename at fair market value based on the relief from royalty method. This tradename was determined to have an indefinite useful life and, therefore, is not being amortized. Equipment will be depreciated on a straight-line basis over useful lives ranging from five to ten years. The goodwill related to this acquisition is attributable to eLuxury’s reputation with the products it offers and management’s experience in e-commerce, online brand building, and direct-to-consumer shopping and fulfillment expertise. Goodwill is deductible for income tax purposes over the statutory period of fifteen years. As mentioned above, the Equity Agreement contains a contingent consideration arrangement that requires us to pay the seller, who is also the owner of the noncontrolling interest, an earn-out payment based on a multiple of adjusted EBITDA, as defined in the Equity Agreement, for the twelve-month period ending August 31, 2021, less $12.0 million. We recorded a contingent liability at the acquisition date for this earn-out obligation at its fair value totaling $5.6 million based on the Black Scholes pricing model. Non-Controlling Interest The Equity Agreement contains substantive profit-sharing arrangement provisions which explicitly state the ownership interests at the effective date of this business combination and the allocation of net income or loss between Culp Inc., as the controlling interest, and the noncontrolling interest. The Equity Agreement states that at the effective date of this acquisition (June 22, 2018), we acquired an 80% ownership interest in eLuxury with the seller retaining a 20% noncontrolling interest. Additionally, the Equity Agreement states that eLuxury’s net income or loss and future capital contributions will be allocated, at a percentage of 70% and 30% to Culp Inc. and the noncontrolling interest, respectively. Based on the terms of the Equity Agreement, we believe the related risks associated with the ownership interests are aligned and therefore, the total consideration of $18.1 million for the 80% controlling interest provides information for the equity value of eLuxury as a whole, and is useful in estimating fair value of the 20% noncontrolling interest. In order to determine the carrying value of the noncontrolling interest in eLuxury, we applied the Hypothetical-Liquidation-At-Book-Value method (HLBV). HLBV is an approach that is used in practice to determine the carrying value of a noncontrolling interest if it is consistent with an existing profit-sharing arrangement such as the Equity Agreement. Therefore, the carrying amount of the noncontrolling interest of $4.2 million at August 4, 2019, mostly represents the $4.5 million fair value determined at the acquisition date minus its allocation of net loss subsequent to the acquisition date and through the end of our first quarter of fiscal 2020. Other Acquisitions costs totaling $270,000 were in included in selling, general, and administrative expenses in our Consolidated Statement of Net Income for the three-month period ending July 29, 2018. Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the three-month periods ending August 4, 2019, and July 29, 2018, have been prepared as if the acquisition of eLuxury had occurred on May 1, 2017. Three Months Ended (dollars in thousands, except per share data) August 4, 2019 July 29, 2018 Net Sales $ 74,847 $ 74,598 Income from operations 2,689 2,073 Net income 1,174 939 Net loss – noncontrolling interest 164 — Net income – Culp Inc. common shareholders 1,338 939 Net income per share (basic) – Culp Inc. common shareholders 0.11 0.08 Net income per share (diluted) – Culp Inc. common shareholders 0.11 0.07 The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would actually have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	3 Months Ended
	Aug. 04, 2019
Receivables [Abstract]
Allowance for Doubtful Accounts	4. Allowance for Doubtful Accounts A summary of the activity in the allowance for doubtful accounts follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 393 $ 357 Provision for bad debts (30 ) 9 Net write-offs, net of recoveries — — Ending balance $ 363 $ 366

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Aug. 04, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	5. Revenue from Contracts with Customers Nature of Performance Obligations Our operations are classified into three business segments: mattress fabrics, upholstery fabrics, and home accessories. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. Effective April 1, 2018, we acquired Read Window Products LLC (Read),a turn-key provider of window treatments that offers sourcing of upholstery fabrics and other products, measuring, and installation services of their own products for the hospitality and commercial industries. In addition, Read supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. The home accessories segment is our finished products business that manufactures, sources, and sells bedding accessories and home goods directly to consumers and businesses through global e-commerce and business-to-business sales channels. Our primary performance obligations include the sale of mattress fabrics, upholstery fabrics, and bedding and home accessories products, as well as the performance of customized fabrication and installation services of our own products associated with window treatments. Contract Assets & Liabilities Certain contracts, primarily those for customized fabrication and installation services, require upfront customer deposits that result in a contract liability which is recorded on the Consolidated Balance Sheets as deferred revenue. If upfront deposits or prepayments are not required, customers may be granted credit terms which generally range from 15 – 45 days. Such terms are common within the industries in which we operate and are not considered financing arrangements. There were no contract assets recognized as of August 4, 2019, July 29, 2018, and April 28, 2019. A summary of the activity of deferred revenue for the three-month periods ended August 4, 2019, and July 29, 2018, follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 399 $ 809 Revenue recognized on contract liabilities (483 ) (742 ) Payments received for services not yet rendered 768 567 Ending balance $ 684 $ 634 Disaggregation of Revenue The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 4, 2019: Net Sales (dollars in thousands) Mattress Upholstery Home Total Products transferred at a point in time $ 38,685 $ 29,827 $ 4,302 $ 72,814 Services transferred over time — 2,033 — 2,033 Total Net Sales $ 38,685 $ 31,860 $ 4,302 $ 74,847 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending July 29, 2018: Net Sales (dollars in thousands) Mattress Upholstery Home Total Products transferred at a point in time $ 34,398 $ 31,821 $ 2,585 $ 68,804 Services transferred over time — 2,669 — 2,669 Total Net Sales $ 34,398 $ 34,490 $ 2,585 $ 71,473

Inventories

Inventories	3 Months Ended
	Aug. 04, 2019
Inventory Disclosure [Abstract]
Inventories	6. Inventories Inventories are carried at the lower of cost or net realizable value. Cost is determined using the FIFO (first-in, first-out) method. A summary of inventories follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Raw materials $ 6,467 $ 5,291 $ 5,617 Work-in-process 2,677 2,413 2,289 Finished goods 41,516 47,285 42,954 $ 50,660 $ 54,989 $ 50,860

Intangible Assets

Intangible Assets	3 Months Ended
	Aug. 04, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets A summary of intangible assets follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Tradenames $ 7,232 $ 7,232 $ 7,232 Customer relationships, net 2,463 2,764 2,538 Non-compete agreement, net 659 734 678 $ 10,354 $ 10,730 $ 10,448 Tradenames A summary of the carrying amount of our tradenames follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 7,232 $ 683 Acquisition of business (note 3) — 6,549 Ending balance $ 7,232 $ 7,232 Our tradenames were determined to have an indefinite useful life and therefore, are not being amortized. However, our tradenames will be assessed annually for impairment. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 2,538 $ 2,839 Amortization expense (75 ) (75 ) Ending balance $ 2,463 $ 2,764 Our customer relationships are amortized on a straight-line basis over useful lives ranging from nine to seventeen years. The gross carrying amount of our customer relationships were $3.1 million at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Accumulated amortization for these customer relationships were $652,000, $351,000 and $577,000 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2020 - $226,000; FY 2021 - $301,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; and Thereafter - $1,033,000. The weighted average amortization period for our customer relationships is 8.4 years as of August 4, 2019. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 678 $ 753 Amortization expense (19 ) (19 ) Ending balance $ 659 $ 734 Our non-compete agreement is amortized on a straight-line basis over the fifteen-year life of the agreement. The gross carrying amount of our non-compete agreement was $2.0 million at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Accumulated amortization for our non-compete agreement was $1.4 million at August 4, 2019, $1.3 million at July 29, 2018, and $1.4 million at April 28, 2019. The remaining amortization expense for the next five years and thereafter follows: FY 2020 - $57,000; FY 2021 - $75,000; FY 2022 - $75,000; FY 2023 - $75,000; FY 2024 - $75,000, and Thereafter - $302,000. The weighted average amortization period for the non-compete agreement is 8.8 years as of August 4, 2019.

Goodwill

Goodwill	3 Months Ended
	Aug. 04, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	8. Goodwill A summary of the change in the carrying amount of goodwill follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 27,222 $ 13,569 Acquisition of business (see note 3) — 13,653 Ending balance $ 27,222 $ 27,222

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Venture	3 Months Ended
	Aug. 04, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Joint Venture	9. Investment in Unconsolidated Joint Venture Culp International Holdings, Ltd. (Culp International), a wholly-owned subsidiary of the company, entered into a joint venture agreement, pursuant to which Culp International owns fifty percent of Class International Holdings, Ltd. (CLIH). CLIH produces cut and sewn mattress covers, and its operations are located in a modern industrial park in northeastern Haiti, which borders the Dominican Republic. CLIH commenced production in the second quarter of fiscal 2018 and complements our mattress fabric operations with a mirrored platform that enhances our ability to meet customer demand while adding a lower cost operation to our platform. CLIH reported net income totaling $26,000 for the three-month period ending August 4, 2019, and incurred a net loss totaling $154,000 for the three-month period ending July 29, 2018. Our equity interest in CLIH’s net income for the three-month period ending August 4, 2019, was $13,000, and our equity interest in CLIH’s net loss for the three-month period ending July 29, 2018, was $77,000. The following table summarizes information on assets, liabilities and members’ equity of our equity method investment in CLIH: (dollars in thousands) August 4, July 29, April 28, Total assets $ 3,161 $ 3,153 $ 3,126 Total liabilities $ 120 $ 103 $ 111 Total members’ equity $ 3,041 $ 3,050 $ 3,015 At August 4, 2019, July 29, 2018, and April 28, 2019, our investment in CLIH totaled $1.5 million, which represents the company’s fifty percent ownership interest in CLIH.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Aug. 04, 2019
Text Block [Abstract]
Accrued Expenses	10. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Compensation, commissions and related benefits $ 3,493 $ 3,719 $ 4,229 Interest 13 12 4 Other accrued expenses 5,393 5,194 5,292 $ 8,899 $ 8,925 $ 9,525 At August 4, 2019, we had accrued expenses totaling $8.9 million, of which $8.6 million and $333,000 were classified as current accrued expenses and long-term accrued expenses, respectively, in the accompanying Consolidated Balance Sheets. At July 29, 2018, we had accrued expenses totaling $8.9 million of which $8.2 million and $749,000 were classified as current accrued expenses and long-term accrued expenses, respectively, in the accompanying Consolidated Balance Sheets. At April 28, 2019, we had accrued expenses totaling $9.5 million, of which $9.2 million and $333,000 were classified as current accrued expenses and long-term accrued expenses, respectively, in the accompanying Consolidated Balance Sheets.

Exit and Disposal Activity

Exit and Disposal Activity	3 Months Ended
	Aug. 04, 2019
Restructuring and Related Activities [Abstract]
Exit and Disposal Activity	11. Exit and Disposal Activity On June 12, 2018, our board of directors announced the closure of our upholstery fabrics manufacturing facility located in Anderson, South Carolina. This closure was completed during the second quarter of fiscal 2019 and was due to a continued decline in demand for the products manufactured at this facility, reflecting a change in consumer style preferences. The following summarizes our restructuring (credit) expense and restructuring related charges that were associated with the above exit and disposal activity: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Inventory markdowns $ — $ 1,565 Employee termination benefits (35) 451 Restructuring (credit) expense and restructuring related charges (1)(2) $(35) $2,016 (1) The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019. (2) Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense, respectively, in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018. The following summarizes the activity in accrued restructuring costs: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 124 $ — Accrual established in fiscal 2019 — 451 Payments (47 ) (6 ) Adjustments (35 ) — Ending balance $ 42 $ 445 The above restructuring accrual pertains to employee termination benefits that were associated with the above exit and disposal activity.

Lines of Credit

Lines of Credit	3 Months Ended
	Aug. 04, 2019
Debt Disclosure [Abstract]
Lines of Credit	12. 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 $25 million, is set to expire on August 15, 2020, and allows us to issue letters of credit not to exceed $1 million. Interest is charged at a rate (applicable interest rate of 3.68%, 3.53%, and 3.93% at August 4, 2019, July 29, 2018, and April 28, 2019) as a variable spread over LIBOR based on our ratio of debt to EBITDA. 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. There were no borrowings outstanding under the Credit Agreement at August 4, 2019 and April 28, 2019, respectively. At July 29, 2018, we had outstanding borrowings associated with the Credit Agreement totaling $4.0 million. At August 4, 2019, July 29, 2018, and April 28, 2019, there were $250,000 in outstanding letters of credit (all of which related to workers compensation) provided by the Credit Agreement. Revolving Credit Agreement – China We have an unsecured credit agreement associated with our operations in China that provides for a line of credit up to 40 million RMB ($5.8 million USD at August 4, 2019). This agreement has an interest rate determined by the Chinese government and is set to expire on January 31, 2020. There were no outstanding borrowings as of August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Subordinated Loan Payable On February 7, 2019, eLuxury entered into a subordinated credit agreement with the owner of its noncontrolling interest which provides a revolving loan commitment of $1.0 million that expires on June 22, 2023. Interest is charged at a rate (applicable interest rate of 3.68% at August 4, 2019) as a variable spread over LIBOR based on Culp’s ratio of debt to EBITDA. There were outstanding borrowings under this agreement totaling $925,000 and $675,000 at August 4, 2019 and April 28, 2019, respectively. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. We were in compliance with these financial covenants as of August 4, 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Aug. 04, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	13. 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 August 4, 2019 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,920 N/A N/A $ 6,920 Growth Allocation Fund 213 N/A N/A 213 Moderate Allocation Fund 130 N/A N/A 130 Other 84 N/A N/A 84 Fair value measurements at July 29, 2018 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,749 N/A N/A $ 6,749 Large Blend Fund 438 N/A N/A 438 Growth Allocation Fund 180 N/A N/A 180 Moderate Allocation Fund 117 N/A N/A 117 Other 187 N/A N/A 187 Fair value measurements at April 28, 2019 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,639 N/A N/A $ 6,639 Growth Allocation Fund 203 N/A N/A 203 Moderate Allocation Fund 127 N/A N/A 127 Other 112 N/A N/A 112 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 and Long-Term Investments - Held-To-Maturity Our investments classified as held-to-maturity consisted of investment grade U.S. corporate bonds with maturities that ranged from 2 to 2.5 years, in which these bonds have since matured during the first quarter of fiscal 2020. These investments were classified as held-to-maturity as we had the positive intent and ability to hold these investments until maturity. Our held-to-maturity investments were recorded as either current or noncurrent in our Consolidated Balance Sheets, based on contractual maturity date in relation to the respective reporting period and recorded at amortized cost. At April 28, 2019, and July 29, 2018, our held-to-maturity investments recorded at amortized cost totaled $5.0 million and $30.8 million, respectively. The fair value of our held-to-maturity investments at April 28, 2019 and July 29, 2018, totaled $5.0 million and $30.6 million, respectively. Our U.S. corporate bonds were classified as level 2 as they were traded over the counter within a broker network and not on an active market. The fair value of our U.S. corporate bonds was determined based on a published source that provided an average bid price. The average bid price was based on various broker prices that were determined based on market conditions, interest rates, and the rating of the respective U.S. corporate bond. Long-Term Investments - Rabbi Trust We have a Rabbi Trust to set aside funds for participants of our deferred compensation plan (the “Plan”) which enables 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 $7.3 million, $7.7 million, and $7.1 million at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. Our long-term investments had an accumulated unrealized gain of $46,000, $104,000, and $40,000 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively. 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, and accrued expenses approximates fair value because of the short maturity of these financial instruments. Nonrecurring Basis At July 29, 2018, we had no assets that were required to be measured at fair value on a nonrecurring basis other than the assets acquired from eLuxury (see note 3) that were acquired at fair value: Fair value measurements at July 29, 2018 using: Quoted prices in Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill N/A N/A $ 13,653 $ 13,653 Tradename N/A N/A 6,549 6,549 Equipment N/A N/A 2,179 2,179 Inventory N/A N/A 1,804 1,804 Liabilities: Contingent Consideration – Earn-Out Obligation N/A N/A $ 5,600 $ 5,600 The tradename was recorded at fair market value using the royalty from relief method that used significant unobservable inputs and were classified as level 3. The contingent consideration – earn-out obligation was recorded at fair market value using the Black Sholes pricing model. Additionally, we acquired certain current assets such as accounts receivable and prepaid expenses and assumed certain liabilities such as accounts payable and accrued expenses. Based on the nature of these items and their short maturity, the carrying amount of these items approximated their fair values. See note 3 for the final allocation of the acquisition cost to the assets acquired and liabilities assumed based on their fair values.

Cash Flow Information

Cash Flow Information	3 Months Ended
	Aug. 04, 2019
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	14. Cash Flow Information Interest and income taxes paid are as follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Interest $ — $ 24 Income taxes 1,822 3,223

Net Income Per Share

Net Income Per Share	3 Months Ended
	Aug. 04, 2019
Earnings Per Share [Abstract]
Net Income Per Share	15. 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) August 4, 2019 July 29, 2018 Weighted average common shares outstanding, basic 12,399 12,510 Dilutive effect of stock-based compensation 11 90 Weighted average common shares outstanding, diluted 12,410 12,600

Segment Information

Segment Information	3 Months Ended
	Aug. 04, 2019
Segment Reporting [Abstract]
Segment Information	16. Segment Information Our operations are classified into three business segments: mattress fabrics, upholstery fabrics, and home accessories. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. The home accessories segment is our finished products business that manufactures, sources, and sells bedding accessories and home goods directly to consumers and businesses through global e-commerce and business-to-business sales channels. We evaluate the operating performance of our segments based upon income from operations before certain unallocated corporate expenses, restructuring (credit) expense and restructuring related charges, and other non-recurring items. Cost of sales for all segments include costs to develop, manufacture, or source our products, including costs such as raw material and finished goods purchases, direct and indirect labor, overhead, and incoming freight charges. Unallocated corporate expenses primarily represent compensation and benefits for certain executive officers, all costs associated with 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, property, plant and equipment, and right of use assets (see note 19 for further details). The mattress fabrics segment also includes in segment assets their assets held for sale and investment in an unconsolidated joint venture. Goodwill and intangible assets are not included in segment assets, as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, to allocate resources to the individual segments, or determine executive compensation. Financial information for the company’s operating segments follows: Three months ended August 4, 2019 July 29, 2018 Net sales: Mattress Fabrics $ 38,685 $ 34,398 Upholstery Fabrics 31,860 34,490 Home Accessories 4,302 2,585 $ 74,847 $ 71,473 Gross profit: Mattress Fabrics $ 5,691 $ 5,302 Upholstery Fabrics 6,721 6,153 Home Accessories 953 669 Total segment gross profit $ 13,365 $ 12,124 Restructuring related charges (2) — (1,565 ) $ 13,365 $ 10,559 Selling, general, and administrative expenses Mattress Fabrics $ 3,071 $ 2,512 Upholstery Fabrics 3,846 3,626 Home Accessories 1,488 636 Unallocated corporate expenses 2,306 1,259 $ 10,711 $ 8,033 Income (loss) from operations: Mattress Fabrics $ 2,620 $ 2,790 Upholstery Fabrics 2,875 2,527 Home Accessories (535 ) 33 Unallocated corporate expenses (2,306 ) (1,259 ) Total segment income from operations 2,654 4,091 Restructuring credit (expense) and restructuring related charges (1) (2) 35 (2,016 ) Total income from operations 2,689 2,075 Interest expense (9 ) (20 ) Interest income 249 150 Other expense (87 ) (257 ) Income before income taxes $ 2,842 $ 1,948 (1) The $35 restructuring credit represents employee termination benefits associated with the closure of our upholstery fabrics plant facility located in Anderson, SC (see note 11 for further details). The $35 restructuring credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019. (2) The total charge of $2.0 million, represents a restructuring related charge of $1.6 million for inventory markdowns and a $451 restructuring charge for employee termination benefits associated with the closure of our upholstery fabrics plant facility in Anderson, SC. The $1.6 million restructuring related charge and the $451 restructuring charge were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018. Balance sheet information for the company’s operating segments follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Segment assets: Mattress Fabrics Accounts receivable $ 12,632 $ 11,408 $ 12,098 Inventory 24,410 31,506 24,649 Assets held for sale 100 — — Property, plant and equipment (1) 43,211 48,156 44,266 Right of use assets (2) 235 — — Investment in unconsolidated joint venture 1,520 1,525 1,508 Total mattress fabrics assets 82,108 92,595 82,521 Upholstery Fabrics Accounts receivable 11,029 11,345 11,274 Inventory 23,183 21,784 22,915 Property, plant and equipment (3) 1,856 2,370 1,795 Right of use assets (4) 3,054 — — Total upholstery fabrics assets 39,122 35,499 35,984 Home Accessories Accounts receivable 429 472 379 Inventory 3,067 1,699 3,296 Property, plant and equipment (5) 1,815 2,141 1,910 Right of use assets (6) 1,042 — — Total home accessories assets 6,353 4,312 5,585 Total segment assets 127,583 132,406 124,090 Non-segment assets: Cash and cash equivalents 44,236 8,593 40,008 Short-term investments (Held-to-Maturity) — 30,756 5,001 Current income taxes receivable 776 — 776 Other current assets 2,578 3,852 2,849 Deferred income taxes 486 3,721 457 Property, plant and equipment (7) 407 511 418 Right of use assets (8) 2,199 — — Goodwill 27,222 27,222 27,222 Intangible assets 10,354 10,730 10,448 Long-term investments (Rabbi Trust) 7,347 7,671 7,081 Noncurrent income taxes receivable 733 — 733 Other assets 526 910 643 Total assets $ 224,447 $ 226,372 $ 219,726 Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Capital expenditures (9): Mattress Fabrics $ 669 $ 1,198 Upholstery Fabrics 184 57 Home Accessories — — Unallocated Corporate 56 — Total capital expenditures $ 909 $ 1,255 Depreciation expense: Mattress Fabrics $ 1,620 $ 1,762 Upholstery Fabrics 190 215 Home Accessories 95 38 Total depreciation expense $ 1,905 $ 2,015 (1) The $43.2 million at August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $48.2 million at July 29, 2018, represents property, plant, and equipment of $35.1 million and $13.1 million located in the U.S. and Canada, respectively. The $44.3 million at April 28, 2019, represents property, plant, and equipment of $32.4 million and $11.9 million located in the U.S. and Canada, respectively. (2) The $235 at August 4, 2019, represents right of use assets located in the U.S. (3) The $1.9 million at August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $2.4 million at July 29, 2018, represents property, plant, and equipment of $1.8 million and $616 located in the U.S. and China, respectively. The $1.8 million at April 28, 2019, represents property, plant, and equipment of $1.2 million and $591 located in the U.S. and China, respectively. (4) The $3.1 million at August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively (5) The $1.8 million at August 4, 2019, $2.1 million at July 29, 2018, and $1.9 million at April 28, 2019, represents property, plant and equipment located in the U.S. (6) The $1.0 million at August 4, 2019, represents right of use assets located in the U.S. (7) The $407, $511, and $418 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics, upholstery fabrics, and home accessories segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (8) The $2.2 million at August 4, 2019, represents right of use assets located in the U.S. (9) 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
	Aug. 04, 2019
Income Tax Disclosure [Abstract]
Income Taxes	17. Income Taxes Effective Income Tax Rate We recorded income tax expense of $1.7 million, or 59.1% of income before income taxes, for the three- month period ended August 4, 2019, compared with income tax expense of $906,000, or 46.5% of income before income taxes, for the three-month period ended July 29, 2018. Our effective income tax rates for the three-month periods ended August 4, 2019, and July 29, 2018, 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 subsidiaries located in China and Canada versus annual projections, as well as changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2020 2019 U.S. federal income tax rate 21.0 % 21.0 % Global Intangible Low Taxed Income Tax (GILTI) 23.7 2.5 Foreign income tax rate differential 10.6 8.3 Tax effects of Chinese foreign exchange gains 1.3 2.1 Change in estimate of U.S. valuation allowance 1.8 8.6 Excess income tax deficiency related to stock-based compensation 0.8 1.7 Other (0.1 ) 2.3 59.1 % 46.5 % 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 assessments at August 4, 2019, July 29, 2018, and April 28, 2019, valuation allowances against our deferred income taxes pertain to the following jurisdictions: August 4, July 29, April 28, (dollars in thousands) 2019 2018 2019 U.S. state loss carryforwards and credits $ 711 849 666 U.S. foreign income tax credits — 4,550 82 $ 711 5,399 748 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 August 4, 2019, it is our intention not to permanently invest our undistributed earnings from our foreign subsidiaries. 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. As a result of the 2017 Tax Cuts and Jobs Act, a U.S. corporation is allowed a 100% dividend received deduction for earnings and profits received from a 10% owned foreign corporation. Therefore, a deferred tax liability will be required for withholding taxes that are incurred by our foreign subsidiaries at the time earnings and profits are distributed. As a result, at August 4, 2019, July 29, 2018, and April 28, 2019, we recorded a deferred income tax liability of $2.9 million, $2.8 million, and $3.5 million, respectively, for withholding taxes on undistributed earnings and profits from our foreign subsidiaries. Uncertainty In Income Taxes 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 statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. If it is determined that any of the above conditions occur regarding our uncertain income tax positions, an adjustment to our unrecognized income tax benefits will be recorded at that time. At August 4, 2019, we had a $914,000 total gross unrecognized income tax benefit that was recorded to income taxes payable- long-term in the accompanying Consolidated Balance Sheets. At July 29, 2018, we had a $820,000 total gross unrecognized income tax benefit, of which $440,000 and $380,000 were classified as income taxes payable – long-term and non-current deferred income taxes, respectively, in the accompanying Consolidated Balance Sheets. At April 28, 2019, we had a $903,000 total gross unrecognized income tax benefit, of which $523,000 and $380,000 were classified as income taxes payable – long-term and non-current deferred income taxes respectively, in the accompanying Consolidated Balance Sheets. At August 4, 2019, our $914,000 total gross unrecognized income tax benefit would favorably affect the income tax rate in future periods. At July 29, 2018, our $820,000 total gross unrecognized income tax benefit included $440,000 that, if recognized, would favorably affect the income tax rate in future periods. At April 28, 2019, our $903,000 total gross unrecognized income tax benefit included $523,000 that, if recognized, would favorably affect the income tax rate in future periods. Our gross unrecognized income tax benefit of $914,000, relates to income tax positions for which significant change is currently not expected within the next year. This amount primarily relates to double taxation under applicable income tax treaties with foreign tax jurisdictions.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Aug. 04, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	18. 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 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. At August 4, 2019, there were 913,648 shares available for future equity-based grants under our 2015 plan. Performance-Based Restricted Stock Units Executive Management We grant performance-based restricted stock units to certain senior executives which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit agreements. The number of shares of common stock that are earned based on the performance targets that have been achieved will be adjusted based on a market-based total shareholder return component as defined in the related restricted stock unit agreements. Compensation cost is measured based on their fair market value on the date of grant. The fair market value per share is determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock for the performance-based components. Key Employees and a Non-Employee We grant performance-based restricted stock units which could earn up to a certain number of shares of common stock if certain performance targets are met over a three-fiscal year performance period as defined in the related restricted stock unit agreements. Our performance-based restricted stock units granted to key employees were measured based on the fair market value (the closing price of our common stock) on the date of grant. No market-based total shareholder return component was included in these awards. Our performance-based restricted stock units granted to a non-employee, which vested during the first quarter of fiscal 2020, were measured based on the fair market value (the closing price of our common stock) on the date when the performance criteria was met. The following table summarizes information related to our grants of performance-based restricted stock units associated with certain senior executives and key employees that are currently unvested: Date of Grant (3) Price Per Vesting July 18, 2019 (1) 93,653 $ 18.49 (6) 3 years July 18, 2019 (2) 15,213 $ 18.49 (6) 3 years August 2, 2018 (1) 86,599 $ 18.51 (4) 3 years August 2, 2018 (2) 47,800 $ 24.35 (6) 3 years July 13, 2017 (1) 78,195 $ 31.85 (5) 3 years July 13, 2017 (2) 44,000 $ 32.50 (6) 3 years (1) Performance-based restricted stock units awarded to certain senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. (5) Price per share represents the fair market value per share ($0.98 per $1 or a reduction of $0.65 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($32.50) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on July 13, 2017. (6) Price per share represents the closing price of our common stock on the date of grant. The following table summarizes information related to our performance-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018: Fiscal Year Restricted Stock (3) Weighted Average Fiscal 2020 (1) 9,489 $ 165 $ 17.36 (4) Fiscal 2020 (2) 4,148 $ 72 $ 17.36 (4) Fiscal 2019 (1) 128,632 $ 3,754 $ 29.19 (4) Fiscal 2019 (2) 10,364 $ 320 $ 30.90 (4) (1) Certain senior executives and key employees. (2) Non-employee (3) Dollar amounts are in thousands. (4) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective performance based restricted stock units vested. Overall We recorded compensation expense of $68,000 and a credit to compensation expense of $506,000 within selling, general, and administrative expenses for the three-month periods ending August 4, 2019, and July 29, 2018, 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, compensation cost will not be recorded and any previously recognized compensation cost would be reversed. At August 4, 2019, the remaining unrecognized compensation cost related to our performance based restricted stock units was $1.4 million, which is expected to be recognized over a weighted average vesting period of 2.7 years. At August 4, 2019, the performance based restricted stock units that were expected to vest had a fair value totaling $1.5 million. Time Based Restricted Stock Units The following table summarizes information related to our grants of time-based restricted stock units associated with key members of management that are currently unvested: Date of Grant Time Based Stock Price Per Vesting July 18, 2019 15,213 $ 18.49 (1) 3 years August 2, 2018 10,000 $ 24.35 (1) 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted The following table summarizes information related to our time-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018: Fiscal Year Restricted Stock (1) Weighted Average Fiscal 2020 — $ — — Fiscal 2019 1,200 $ 21 $ 17.36 (2) (1) Dollar amounts are in thousands. (2) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective time-based restricted stock units vested. Overall We recorded compensation expense of $16,000 and $5,000 within selling, general, and administrative expense associated with our time vested restricted stock unit awards for the three-month periods ending August 4, 2019, and July 29, 2018, respectively. At August 4, 2019, the remaining unrecognized compensation cost related to our time vested restricted stock units was $467,000, which is expected to be recognized over a weighted average vesting period of 3.3 years. At August 4, 2019, the time vested restricted stock awards that were expected to vest had a fair value totaling $435,000. Common Stock Award We granted a total of 3,659 shares of common stock to our outside directors on July 1, 2019. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of this award was $19.21 per share on July 1, 2019, which represents the closing price of our common stock on the date of grant. We recorded $70,000 of compensation expense within selling, general, and administrative expense for these common stock awards for the three-months ending August 4, 2019.

Leases

Leases	3 Months Ended
	Aug. 04, 2019
Assets and Liabilities, Lessee [Abstract]
Leases	19. Leases Overview We lease manufacturing facilities, office space, distribution centers, and equipment under operating lease arrangements. We determine if an arrangement is a lease at its inception if it conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Operating leases with an initial term of 12 months or less are not recognized in our Consolidated Balance Sheets. We recognize a right of use asset and lease liability on the commencement date of a lease arrangement based on the present value of lease payments over the lease term. Our operating leases have remaining lease terms of 1 to 6 years, with renewal options for additional periods ranging up to 10 years. A lease term may include renewal options if it is reasonably certain that the option to renew a lease period will be exercised. A renewal option is considered reasonably certain to be exercised if there is a significant economic incentive, as defined in Topic 842, to exercise the renewal option on the date a lease arrangement is commenced. Currently, renewal options are not included in the lease terms for any of our leases, as there is not a significant economic incentive for us to exercise any of our renewal options. Most of our leases do not provide an implicit interest rate, and as a result, we use our incremental borrowing rate based on information available on the commencement date of a lease arrangement in determining the present value of lease our payments. Balance Sheet The right of use asset and lease liabilities associated with our operating leases as of August 4, 2019, and April 29, 2019, are as follows: (dollars in thousands) August 4, 2019 (1) Right of use asset $ 6,530 $ 7,191 Operating lease liability – current 2,456 2,629 Operating lease liability – noncurrent 3,955 4,473 (1) Represents adoption date of Topic 842. Supplemental Cash Flow Information (dollars in thousands) Three Months Operating lease liability payments $ 657 Right of use assets exchanged for lease liabilities — Operating lease expense for the three-months ended August 4, 2019, was $719,000. Short-term lease and variable lease expenses were immaterial for the three-months ended August 4, 2019. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2020, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2020 $ 2,025 2021 2,044 2022 1,096 2023 683 2024 659 Thereafter 346 $ 6,853 Less: interest (442 ) Present value of lease liabilities $ 6,411 As of August 4, 2019, the weighted average remaining lease term and discount rate for our operating leases follows: (dollars in thousands) August 4, 2019 Weighted average lease term 3.5 years Weighted average discount rate 3.82 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Aug. 04, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	20. 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 August 4, 2019, July 29, 2018, and April 28, 2019, we had total amounts due regarding capital expenditures totaling $60,000, $862,000, and $78,000, respectively, which pertained to outstanding vendor invoices, none of which were financed. These total outstanding amounts were required to be paid based on normal credit terms. Purchase Commitments – Capital Expenditures At August 4, 2019, we had open purchase commitments to acquire equipment for our mattress fabrics segment totaling $1.5 million.

Statutory Reserves

Statutory Reserves	3 Months Ended
	Aug. 04, 2019
Text Block [Abstract]
Statutory Reserves	21. 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 August 4, 2019, the company’s statutory surplus reserve was $4.2 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 excerpt for the statutory surplus reserve of $4.2 million to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	3 Months Ended
	Aug. 04, 2019
Text Block [Abstract]
Common Stock Repurchase Program	22. 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. During the three-month period ended August 4, 2019, we did not purchase any shares of our common stock. At August 4, 2019, we had $1.7 million available for repurchases of our common stock associated with the $5.0 million repurchase program approved by our board of directors on June 15, 2016. On September 5, 2019, 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 number 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.

Dividend Program

Dividend Program	3 Months Ended
	Aug. 04, 2019
Text Block [Abstract]
Dividend Program	23. Dividend Program On September 5, 2019, we announced that our board of directors approved a quarterly cash dividend of $0.10 per share. This payment will be made on or about October 15, 2019, to shareholders of record as of October 4, 2019. During the three-months ended August 4, 2019, dividend payments totaled $1.2 million, which represented a quarterly dividend payment of $0.10 per share. During three-months ended July 29, 2018, dividend payments totaled $1.1 million, which represented a quarterly dividend payment of $0.09 per share. 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 Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 04, 2019
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Leases In February 2016, the FASB issued ASU No. 2016-02, Leases Topic 842 allows the election of several practical expedients as part of adopting this new standard. We elected the “package of practical expedients” which permits us not to reassess, under Topic 842, our previous conclusions regarding lease identification and classification. We did not elect the use of hindsight with respect to determining the lease term. Also, Topic 842 provides practical expedients after adopting the new standard. We elected the short-term lease exemption, and therefore, we will not recognize ROU assets or lease liabilities for leases shorter than twelve months. We did not elect the practical expedient to combine lease and non-lease components for any class of assets and will account for lease components separately from non-lease components. The adoption of Topic 842 had a material effect on our Consolidated Balance Sheets and increased the required disclosures in our notes to the consolidated financial statements (see Note 19 for further details). The most significant effect related to the recognition of ROU assets totaling $7.2 million that were mostly offset by the recognition of lease liabilities totaling $7.1 million on our Consolidated Balance Sheets. The adoption of Topic 842 did not have a material impact on our Consolidated Statements of Net Income and our Consolidated Statement of Cash Flows. Recently Issued Accounting Pronouncements The company has considered all recent accounting pronouncements and currently believes there are no recent accounting pronouncements that may have a material impact on our Consolidated Financial Statements.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Aug. 04, 2019
Schedule of Unaudited Pro Forma Consolidated Results of Operations	The following unaudited pro forma consolidated results of operations for the three-month periods ending August 4, 2019, and July 29, 2018, have been prepared as if the acquisition of eLuxury had occurred on May 1, 2017. Three Months Ended (dollars in thousands, except per share data) August 4, 2019 July 29, 2018 Net Sales $ 74,847 $ 74,598 Income from operations 2,689 2,073 Net income 1,174 939 Net loss – noncontrolling interest 164 — Net income – Culp Inc. common shareholders 1,338 939 Net income per share (basic) – Culp Inc. common shareholders 0.11 0.08 Net income per share (diluted) – Culp Inc. common shareholders 0.11 0.07
eLuxury [Member]
Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed	The following table presents the final allocation of the acquisition cost to the assets acquired and liabilities assumed based on their fair values. (dollars in thousands) Fair Value Goodwill $ 13,653 Tradename 6,549 Equipment 2,179 Inventory 1,804 Accounts receivable and other current assets 108 Accounts payable (1,336 ) Accrued expenses (295 ) Non-controlling interest in eLuxury (4,532 ) $ 18,130

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	3 Months Ended
	Aug. 04, 2019
Receivables [Abstract]
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) August 4, 2019 July 29, 2018 Beginning balance $ 393 $ 357 Provision for bad debts (30 ) 9 Net write-offs, net of recoveries — — Ending balance $ 363 $ 366

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Aug. 04, 2019
Revenue from Contract with Customer [Abstract]
Summary of Activity for Deferred Revenue	A summary of the activity of deferred revenue for the three-month periods ended August 4, 2019, and July 29, 2018, follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 399 $ 809 Revenue recognized on contract liabilities (483 ) (742 ) Payments received for services not yet rendered 768 567 Ending balance $ 684 $ 634
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 4, 2019: Net Sales (dollars in thousands) Mattress Upholstery Home Total Products transferred at a point in time $ 38,685 $ 29,827 $ 4,302 $ 72,814 Services transferred over time — 2,033 — 2,033 Total Net Sales $ 38,685 $ 31,860 $ 4,302 $ 74,847 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending July 29, 2018: Net Sales (dollars in thousands) Mattress Upholstery Home Total Products transferred at a point in time $ 34,398 $ 31,821 $ 2,585 $ 68,804 Services transferred over time — 2,669 — 2,669 Total Net Sales $ 34,398 $ 34,490 $ 2,585 $ 71,473

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 04, 2019
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Raw materials $ 6,467 $ 5,291 $ 5,617 Work-in-process 2,677 2,413 2,289 Finished goods 41,516 47,285 42,954 $ 50,660 $ 54,989 $ 50,860

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Aug. 04, 2019
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Tradenames $ 7,232 $ 7,232 $ 7,232 Customer relationships, net 2,463 2,764 2,538 Non-compete agreement, net 659 734 678 $ 10,354 $ 10,730 $ 10,448
Summary of Acquired Tradenames	A summary of the carrying amount of our tradenames follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 7,232 $ 683 Acquisition of business (note 3) — 6,549 Ending balance $ 7,232 $ 7,232
Customer Relationships [Member]
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets	A summary of the change in the carrying amount of our customer relationships follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 2,538 $ 2,839 Amortization expense (75 ) (75 ) Ending balance $ 2,463 $ 2,764
Non-Compete Agreement [Member]
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets	A summary of the change in the carrying amount of our non-compete agreement follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 678 $ 753 Amortization expense (19 ) (19 ) Ending balance $ 659 $ 734

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Aug. 04, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Change in Carrying Amount of Goodwill	A summary of the change in the carrying amount of goodwill follows: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 27,222 $ 13,569 Acquisition of business (see note 3) — 13,653 Ending balance $ 27,222 $ 27,222

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Venture (Tables)	3 Months Ended
	Aug. 04, 2019
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) August 4, July 29, April 28, Total assets $ 3,161 $ 3,153 $ 3,126 Total liabilities $ 120 $ 103 $ 111 Total members’ equity $ 3,041 $ 3,050 $ 3,015

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Aug. 04, 2019
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Compensation, commissions and related benefits $ 3,493 $ 3,719 $ 4,229 Interest 13 12 4 Other accrued expenses 5,393 5,194 5,292 $ 8,899 $ 8,925 $ 9,525

Exit and Disposal Activity (Tab

Exit and Disposal Activity (Tables)	3 Months Ended
	Aug. 04, 2019
Restructuring and Related Activities [Abstract]
Summary Restructuring Credit (Expense) and Related Charges Associated With Exit and Disposal Activity	The following summarizes our restructuring (credit) expense and restructuring related charges that were associated with the above exit and disposal activity: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Inventory markdowns $ — $ 1,565 Employee termination benefits (35) 451 Restructuring (credit) expense and restructuring related charges (1)(2) $(35) $2,016 (1) The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019. (2) Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense, respectively, in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018.
Summary of Activity in Restructuring Accrual	The following summarizes the activity in accrued restructuring costs: Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Beginning balance $ 124 $ — Accrual established in fiscal 2019 — 451 Payments (47 ) (6 ) Adjustments (35 ) — Ending balance $ 42 $ 445

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Aug. 04, 2019
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 August 4, 2019 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,920 N/A N/A $ 6,920 Growth Allocation Fund 213 N/A N/A 213 Moderate Allocation Fund 130 N/A N/A 130 Other 84 N/A N/A 84 Fair value measurements at July 29, 2018 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,749 N/A N/A $ 6,749 Large Blend Fund 438 N/A N/A 438 Growth Allocation Fund 180 N/A N/A 180 Moderate Allocation Fund 117 N/A N/A 117 Other 187 N/A N/A 187 Fair value measurements at April 28, 2019 using: Quoted prices Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,639 N/A N/A $ 6,639 Growth Allocation Fund 203 N/A N/A 203 Moderate Allocation Fund 127 N/A N/A 127 Other 112 N/A N/A 112
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis	At July 29, 2018, we had no assets that were required to be measured at fair value on a nonrecurring basis other than the assets acquired from eLuxury (see note 3) that were acquired at fair value: Fair value measurements at July 29, 2018 using: Quoted prices in Significant other Significant (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill N/A N/A $ 13,653 $ 13,653 Tradename N/A N/A 6,549 6,549 Equipment N/A N/A 2,179 2,179 Inventory N/A N/A 1,804 1,804 Liabilities: Contingent Consideration – Earn-Out Obligation N/A N/A $ 5,600 $ 5,600

Cash Flow Information (Tables)

Cash Flow Information (Tables)	3 Months Ended
	Aug. 04, 2019
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) August 4, 2019 July 29, 2018 Interest $ — $ 24 Income taxes 1,822 3,223

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Aug. 04, 2019
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net (Loss) Income Per Share	Weighted average shares used in the computation of basic and diluted net income per share follows: Three months ended (amounts in thousands) August 4, 2019 July 29, 2018 Weighted average common shares outstanding, basic 12,399 12,510 Dilutive effect of stock-based compensation 11 90 Weighted average common shares outstanding, diluted 12,410 12,600

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 04, 2019
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Financial information for the company’s operating segments follows: Three months ended August 4, 2019 July 29, 2018 Net sales: Mattress Fabrics $ 38,685 $ 34,398 Upholstery Fabrics 31,860 34,490 Home Accessories 4,302 2,585 $ 74,847 $ 71,473 Gross profit: Mattress Fabrics $ 5,691 $ 5,302 Upholstery Fabrics 6,721 6,153 Home Accessories 953 669 Total segment gross profit $ 13,365 $ 12,124 Restructuring related charges (2) — (1,565 ) $ 13,365 $ 10,559 Selling, general, and administrative expenses Mattress Fabrics $ 3,071 $ 2,512 Upholstery Fabrics 3,846 3,626 Home Accessories 1,488 636 Unallocated corporate expenses 2,306 1,259 $ 10,711 $ 8,033 Income (loss) from operations: Mattress Fabrics $ 2,620 $ 2,790 Upholstery Fabrics 2,875 2,527 Home Accessories (535 ) 33 Unallocated corporate expenses (2,306 ) (1,259 ) Total segment income from operations 2,654 4,091 Restructuring credit (expense) and restructuring related charges (1) (2) 35 (2,016 ) Total income from operations 2,689 2,075 Interest expense (9 ) (20 ) Interest income 249 150 Other expense (87 ) (257 ) Income before income taxes $ 2,842 $ 1,948 (1) The $35 restructuring credit represents employee termination benefits associated with the closure of our upholstery fabrics plant facility located in Anderson, SC (see note 11 for further details). The $35 restructuring credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019. (2) The total charge of $2.0 million, represents a restructuring related charge of $1.6 million for inventory markdowns and a $451 restructuring charge for employee termination benefits associated with the closure of our upholstery fabrics plant facility in Anderson, SC. The $1.6 million restructuring related charge and the $451 restructuring charge were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018. Balance sheet information for the company’s operating segments follows: (dollars in thousands) August 4, 2019 July 29, 2018 April 28, 2019 Segment assets: Mattress Fabrics Accounts receivable $ 12,632 $ 11,408 $ 12,098 Inventory 24,410 31,506 24,649 Assets held for sale 100 — — Property, plant and equipment (1) 43,211 48,156 44,266 Right of use assets (2) 235 — — Investment in unconsolidated joint venture 1,520 1,525 1,508 Total mattress fabrics assets 82,108 92,595 82,521 Upholstery Fabrics Accounts receivable 11,029 11,345 11,274 Inventory 23,183 21,784 22,915 Property, plant and equipment (3) 1,856 2,370 1,795 Right of use assets (4) 3,054 — — Total upholstery fabrics assets 39,122 35,499 35,984 Home Accessories Accounts receivable 429 472 379 Inventory 3,067 1,699 3,296 Property, plant and equipment (5) 1,815 2,141 1,910 Right of use assets (6) 1,042 — — Total home accessories assets 6,353 4,312 5,585 Total segment assets 127,583 132,406 124,090 Non-segment assets: Cash and cash equivalents 44,236 8,593 40,008 Short-term investments (Held-to-Maturity) — 30,756 5,001 Current income taxes receivable 776 — 776 Other current assets 2,578 3,852 2,849 Deferred income taxes 486 3,721 457 Property, plant and equipment (7) 407 511 418 Right of use assets (8) 2,199 — — Goodwill 27,222 27,222 27,222 Intangible assets 10,354 10,730 10,448 Long-term investments (Rabbi Trust) 7,347 7,671 7,081 Noncurrent income taxes receivable 733 — 733 Other assets 526 910 643 Total assets $ 224,447 $ 226,372 $ 219,726 Three months ended (dollars in thousands) August 4, 2019 July 29, 2018 Capital expenditures (9): Mattress Fabrics $ 669 $ 1,198 Upholstery Fabrics 184 57 Home Accessories — — Unallocated Corporate 56 — Total capital expenditures $ 909 $ 1,255 Depreciation expense: Mattress Fabrics $ 1,620 $ 1,762 Upholstery Fabrics 190 215 Home Accessories 95 38 Total depreciation expense $ 1,905 $ 2,015 (1) The $43.2 million at August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $48.2 million at July 29, 2018, represents property, plant, and equipment of $35.1 million and $13.1 million located in the U.S. and Canada, respectively. The $44.3 million at April 28, 2019, represents property, plant, and equipment of $32.4 million and $11.9 million located in the U.S. and Canada, respectively. (2) The $235 at August 4, 2019, represents right of use assets located in the U.S. (3) The $1.9 million at August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $2.4 million at July 29, 2018, represents property, plant, and equipment of $1.8 million and $616 located in the U.S. and China, respectively. The $1.8 million at April 28, 2019, represents property, plant, and equipment of $1.2 million and $591 located in the U.S. and China, respectively. (4) The $3.1 million at August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively (5) The $1.8 million at August 4, 2019, $2.1 million at July 29, 2018, and $1.9 million at April 28, 2019, represents property, plant and equipment located in the U.S. (6) The $1.0 million at August 4, 2019, represents right of use assets located in the U.S. (7) The $407, $511, and $418 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics, upholstery fabrics, and home accessories segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (8) The $2.2 million at August 4, 2019, represents right of use assets located in the U.S. (9) 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
	Aug. 04, 2019
Income Tax Disclosure [Abstract]
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate	The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements: 2020 2019 U.S. federal income tax rate 21.0 % 21.0 % Global Intangible Low Taxed Income Tax (GILTI) 23.7 2.5 Foreign income tax rate differential 10.6 8.3 Tax effects of Chinese foreign exchange gains 1.3 2.1 Change in estimate of U.S. valuation allowance 1.8 8.6 Excess income tax deficiency related to stock-based compensation 0.8 1.7 Other (0.1 ) 2.3 59.1 % 46.5 %
Summary of Valuation Allowances Against Deferred Income Taxes	Based on our assessments at August 4, 2019, July 29, 2018, and April 28, 2019, valuation allowances against our deferred income taxes pertain to the following jurisdictions: August 4, July 29, April 28, (dollars in thousands) 2019 2018 2019 U.S. state loss carryforwards and credits $ 711 849 666 U.S. foreign income tax credits — 4,550 82 $ 711 5,399 748

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Aug. 04, 2019
Executive officers and key employees [Member]
Summary of Grants of Performance Based Restricted Stock Units	The following table summarizes information related to our grants of performance-based restricted stock units associated with certain senior executives and key employees that are currently unvested: Date of Grant (3) Price Per Vesting July 18, 2019 (1) 93,653 $ 18.49 (6) 3 years July 18, 2019 (2) 15,213 $ 18.49 (6) 3 years August 2, 2018 (1) 86,599 $ 18.51 (4) 3 years August 2, 2018 (2) 47,800 $ 24.35 (6) 3 years July 13, 2017 (1) 78,195 $ 31.85 (5) 3 years July 13, 2017 (2) 44,000 $ 32.50 (6) 3 years (1) Performance-based restricted stock units awarded to certain senior executives. (2) Performance-based restricted stock units awarded to key employees. (3) Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements. (4) Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. (5) Price per share represents the fair market value per share ($0.98 per $1 or a reduction of $0.65 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($32.50) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on July 13, 2017. (6) Price per share represents the closing price of our common stock on the date of grant.
Time Vested Restricted Stock Awards [Member] | Management [Member]
Summary of Grants of Time-Based Restricted Stock Awards	The following table summarizes information related to our grants of time-based restricted stock units associated with key members of management that are currently unvested: Date of Grant Time Based Stock Price Per Vesting July 18, 2019 15,213 $ 18.49 (1) 3 years August 2, 2018 10,000 $ 24.35 (1) 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted
Time Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our time-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018: Fiscal Year Restricted Stock (1) Weighted Average Fiscal 2020 — $ — — Fiscal 2019 1,200 $ 21 $ 17.36 (2) (1) Dollar amounts are in thousands. (2) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective time-based restricted stock units vested.
Performance Based Restricted Stock Unit [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our performance-based restricted stock units that vested during the three-month periods ending August 4, 2019 and July 29, 2018: Fiscal Year Restricted Stock (3) Weighted Average Fiscal 2020 (1) 9,489 $ 165 $ 17.36 (4) Fiscal 2020 (2) 4,148 $ 72 $ 17.36 (4) Fiscal 2019 (1) 128,632 $ 3,754 $ 29.19 (4) Fiscal 2019 (2) 10,364 $ 320 $ 30.90 (4) (1) Certain senior executives and key employees. (2) Non-employee (3) Dollar amounts are in thousands. (4) The weighted average price per share is derived from the closing prices of our common stock on the dates the respective performance based restricted stock units vested.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Aug. 04, 2019
Assets and Liabilities, Lessee [Abstract]
Summary of right of use asset and lease liabilities	The right of use asset and lease liabilities associated with our operating leases as of August 4, 2019, and April 29, 2019, are as follows: (dollars in thousands) August 4, 2019 (1) Right of use asset $ 6,530 $ 7,191 Operating lease liability – current 2,456 2,629 Operating lease liability – noncurrent 3,955 4,473 (1) Represents adoption date of Topic 842.
Supplemental Cash Flow Information	Supplemental Cash Flow Information (dollars in thousands) Three Months Operating lease liability payments $ 657 Right of use assets exchanged for lease liabilities —
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2020, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2020 $ 2,025 2021 2,044 2022 1,096 2023 683 2024 659 Thereafter 346 $ 6,853 Less: interest (442 ) Present value of lease liabilities $ 6,411
Summary of weighted average remaining lease term and discount rate	As of August 4, 2019, the weighted average remaining lease term and discount rate for our operating leases follows: (dollars in thousands) August 4, 2019 Weighted average lease term 3.5 years Weighted average discount rate 3.82 %

Significant Accounting Polici_3

Significant Accounting Policies - Narrative (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 29, 2019
Right-of-use assets	$ 6,530	$ 7,191	[1]
Operating Lease Liability	$ 6,411
Accounting Standards Update 2016-02 [Member]
Right-of-use assets		7,200
Operating Lease Liability		$ 7,100
[1]	Represents adoption date of Topic 842.

Business Combinations (Detail)

Business Combinations (Detail) - USD ($)	Jun. 22, 2018	Sep. 30, 2019	Aug. 31, 2018	Aug. 04, 2019	Jul. 29, 2018	Apr. 28, 2019	[1]
Business Acquisition [Line Items]
Contingent consideration-earn-out obligation				$ 5,931,000	$ 5,600,000	$ 5,856,000
Carrying amount of non-controlling interest				$ 4,190,000	4,540,000	$ 4,314,000
eLuxury [Member]
Business Acquisition [Line Items]
Purchase price	$ 12,500,000
Payment for acquisition	$ 11,600,000		$ 185,000
Goodwill, statutory period deductible for income tax purposes				15 years
Contingent consideration arrangement, description				the Equity Agreement contains a contingent consideration arrangement that requires us to pay the seller, who is also the owner of the noncontrolling interest, an earn-out payment based on a multiple of adjusted EBITDA, as defined in the Equity Agreement, for the twelve-month period ending August 31, 2021, less $12.0 million.
Contingent consideration arrangement, basis for amount	We recorded a contingent liability at the acquisition date for this earn-out obligation at its fair value totaling $5.6 million based on the Black Scholes pricing model.
Majority ownership percentage acquired	80.00%
Consideration for acquisition	$ 18,130,000
Contingent consideration-earn-out obligation	$ 5,600,000
Selling, General and Administrative Expenses [Member] | eLuxury [Member]
Business Acquisition [Line Items]
Business acquisition costs					$ 270,000
eLuxury [Member]
Business Acquisition [Line Items]
Noncontrolling interest	20.00%
eLuxury [Member] | Minimum [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant and equipment, useful life				5 years
eLuxury [Member] | Maximum [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant and equipment, useful life				10 years
Shareholders' equity attributable to Culp Inc. | eLuxury [Member]
Business Acquisition [Line Items]
Net income (loss) allocation percentage	70.00%
Non-Controlling Interest | eLuxury [Member]
Business Acquisition [Line Items]
Net income (loss) allocation percentage	30.00%
Scenario, Forecast [Member] | eLuxury [Member]
Business Acquisition [Line Items]
Payment for acquisition		$ 749,000
[1]	Derived from audited financial statements.

Business Combinations - Schedul

Business Combinations - Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	[1]	Jul. 29, 2018	Jun. 22, 2018	Apr. 29, 2018
Business Acquisition [Line Items]
Goodwill	$ 27,222	$ 27,222		$ 27,222		$ 13,569
eLuxury [Member]
Business Acquisition [Line Items]
Goodwill					$ 13,653
Inventory					1,804
Accounts receivable and other current assets					108
Accounts payable					(1,336)
Accrued expenses					(295)
Non-controlling interest in eLuxury					(4,532)
Assets acquired and liabilities assumed, net					18,130
eLuxury [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant & equipment					2,179
eLuxury [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Tradename					$ 6,549
[1]	Derived from audited financial statements.

Business Combinations - Sched_2

Business Combinations - Schedule of Unaudited Pro Forma Consolidated Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Business Acquisition [Line Items]
Net Sales	$ 74,847	$ 74,598
Income from operations	2,689	2,073
Net income	1,174	939
Net loss – noncontrolling interest	164
Net income – Culp Inc. common shareholders	$ 1,338	$ 939
Net income per share (basic) – Culp Inc. common shareholders	$ 0.11	$ 0.08
Net income per share (diluted) – Culp Inc. common shareholders	$ 0.11	$ 0.07

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 393	$ 357
Provision for bad debts	(30)	9
Net write-offs, net of recoveries
Ending balance	$ 363	$ 366

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Disaggregation of Revenue [Line Items]
Contract assets recognized	$ 0	$ 0	$ 0
Minimum [Member]
Disaggregation of Revenue [Line Items]
Contract with customers credit period	15 days
Maximum [Member]
Disaggregation of Revenue [Line Items]
Contract with customers credit period	45 days

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the activity for deferred revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019		Jul. 29, 2018
Revenue from Contract with Customer [Abstract]
Beginning balance	$ 399	[1]	$ 809
Revenue recognized on contract liabilities	(483)		(742)
Payments received for services not yet rendered	768		567
Ending balance	$ 684		$ 634
[1]	Derived from audited financial statements.

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 74,847	$ 71,473
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	72,814	68,804
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	2,033	2,669
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	38,685	34,398
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	38,685	34,398
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	31,860	34,490
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	29,827	31,821
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	2,033	2,669
Home Accessories [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	4,302	2,585
Home Accessories [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 4,302	$ 2,585

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019		Jul. 29, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 6,467	$ 5,617		$ 5,291
Work-in-process	2,677	2,289		2,413
Finished goods	41,516	42,954		47,285
Inventories	$ 50,660	$ 50,860	[1]	$ 54,989
[1]	Derived from audited financial statements.

Intangible Asset - Summary of I

Intangible Asset - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019		Jul. 29, 2018	Apr. 29, 2018
Intangible Assets [Line Items]
Tradenames	$ 7,232	$ 7,232		$ 7,232	$ 683
Intangible assets	10,354	10,448	[1]	10,730
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	2,463	2,538		2,764	2,839
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 659	$ 678		$ 734	$ 753
[1]	Derived from audited financial statements.

Intangible Asset - Tradenames (

Intangible Asset - Tradenames (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Indefinite-lived Intangible Assets [Line Items]
Beginning balance	$ 7,232	$ 683
Acquisition of business (note 3)		6,549
Ending balance	$ 7,232	$ 7,232

Intangible Assets - Summary of

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	$ 2,538	$ 2,839
Amortization expense	(75)	(75)
Ending balance	2,463	2,764
Non-Compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Beginning balance	678	753
Amortization expense	(19)	(19)
Ending balance	$ 659	$ 734

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Intangible Assets [Line Items]
Gross carrying amount of customer relationships	$ 3,100,000	$ 3,100,000	$ 3,100,000
Gross carrying amount of non-compete agreement	2,000,000	2,000,000	2,000,000
Customer Relationships [Member]
Intangible Assets [Line Items]
Accumulated amortization	652,000	577,000	351,000
Remaining amortization expense for the fiscal year	226,000
Remaining amortization expense for the second fiscal year	301,000
Remaining amortization expense for the third fiscal year	301,000
Remaining amortization expense for the fourth fiscal year	301,000
Remaining amortization expense for the fifth fiscal year	301,000
Remaining amortization expense for the fiscal year thereafter	$ 1,033,000
Weighted average remaining amortization period	8 years 4 months 24 days
Customer Relationships [Member] | Maximum [Member]
Intangible Assets [Line Items]
Useful life	17 years
Customer Relationships [Member] | Minimum [Member]
Intangible Assets [Line Items]
Useful life	9 years
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Useful life	15 years
Accumulated amortization	$ 1,400,000	$ 1,400,000	$ 1,300,000
Remaining amortization expense for the fiscal year	57,000
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	$ 302,000
Weighted average remaining amortization period	8 years 9 months 18 days

Goodwill (Detail)

Goodwill (Detail) $ in Thousands	3 Months Ended
	Jul. 29, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance	$ 13,569
Acquisition of business (see note 3)	13,653
ending balance	$ 27,222

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Venture - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018	Apr. 28, 2019
Schedule of Equity Method Investments [Line Items]
Income (loss) from investment in unconsolidated joint venture	$ 13,000	$ (77,000)
Investment in unconsolidated joint venture	1,520,000	1,525,000	$ 1,508,000	[1]
CLIH [Member]
Schedule of Equity Method Investments [Line Items]
Unconsolidated joint venture, net Income (loss)	26,000	(154,000)
Income (loss) from investment in unconsolidated joint venture	13,000	(77,000)
Investment in unconsolidated joint venture	$ 1,500,000	$ 1,500,000	$ 1,500,000
[1]	Derived from audited financial statements.

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Venture - Summary of Equity Method Investment (Detail) - CLIH [Member] - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Schedule of Equity Method Investments [Line Items]
Total assets	$ 3,161	$ 3,126	$ 3,153
Total liabilities	120	111	103
Total members' equity	$ 3,041	$ 3,015	$ 3,050

Accrued Expenses (Detail)

Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Payables and Accruals [Abstract]
Compensation, commissions and related benefits	$ 3,493	$ 4,229	$ 3,719
Interest	13	4	12
Other accrued expenses	5,393	5,292	5,194
Accrued expenses	$ 8,899	$ 9,525	$ 8,925

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019		Jul. 29, 2018
Payables and Accruals [Abstract]
Accrued expenses	$ 8,899	$ 9,525		$ 8,925
Current accrued expenses	8,566	9,192	[1]	8,176
Long-term accrued expenses	$ 333	$ 333	[1]	$ 749
[1]	Derived from audited financial statements.

Exit and Disposal Activity - Na

Exit and Disposal Activity - Narrative (Detail)	3 Months Ended
	Aug. 04, 2019
Restructuring Cost and Reserve [Line Items]
Description of exit and disposal activities	On June 12, 2018, our board of directors announced the closure of our upholstery fabrics manufacturing facility located in Anderson, South Carolina. This closure was completed during the second quarter of fiscal 2019 and was due to a continued decline in demand for the products manufactured at this facility, reflecting a change in consumer style preferences.

Exit and Disposal Activity - Su

Exit and Disposal Activity - Summary of Restructuring Credit and Related Charges Associated with Exit and Disposal Activity (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Restructuring Cost and Reserve [Line Items]
Inventory markdowns			$ 1,565
Employee termination benefits		$ (35)	451
Restructuring (credit) expense and restructuring related charges	[1],[2]	$ (35)	$ 2,016
[1]	Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018.
[2]	The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019.

Exit and Disposal Activity - _2

Exit and Disposal Activity - Summary of Restructuring Credit and Related Charges Associated with Exit and Disposal Activity (Parenthetical) (Detail) - USD ($)		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Restructuring (Credit) Expense		$ (35,000)	$ 451,000
Restructuring (Credit) Expense and Restructuring Related Charges	[1],[2]	(35,000)	2,016,000
Restructuring Related Charges			1,565,000
Upholstery Fabrics [Member]
Restructuring (Credit) Expense and Restructuring Related Charges		(35,000)	2,016,000
Upholstery Fabrics [Member] | Cost of Sales [Member]
Restructuring Related Charges			1,600,000
Upholstery Fabrics [Member] | Restructuring expense [Member]
Restructuring (Credit) Expense		$ (35,000)	$ 451,000
[1]	Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018.
[2]	The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019.

Exit and Disposal Activity - _3

Exit and Disposal Activity - Summary of Activity in Restructuring Accrual (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Restructuring Cost and Reserve [Line Items]
Beginning balance	[1]	$ 124
Ending balance		42	$ 445
Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance		124
Accrual established in fiscal 2019			451
Payments		(47)	(6)
Adjustments		(35)
Ending balance		$ 42	$ 445
[1]	Derived from audited financial statements.

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail)	3 Months Ended
	Aug. 04, 2019USD ($)	Aug. 04, 2019CNY (¥)	Apr. 28, 2019USD ($)		Feb. 07, 2019USD ($)	Jul. 29, 2018USD ($)
Line of Credit Facility [Line Items]
Outstanding amount						$ 4,000,000
subordinated loan outstanding amount	$ 925,000		$ 675,000	[1]
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
subordinated loan outstanding amount	$ 925,000		675,000
Revolving Credit Facility [Member] | Subordinated Debt [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 1,000,000
Expiration date	Jun. 22, 2023
Applicable interest rate at end of period	3.68%	3.68%
subordinated loan commitment initiation date	Feb. 7, 2019
United States [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 25,000,000
Maximum amount of letters of credit	1,000,000
Letters of credit, outstanding amount	$ 250,000		$ 250,000			$ 250,000
Expiration date	Aug. 15, 2020
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	3.68%	3.68%	3.93%			3.53%
Reference rate on which the interest rate is based	LIBOR
Percentage of common stock in subsidiary pledge as collateral	65.00%
Outstanding amount	$ 0		$ 0			$ 4,000,000
China [Member] | Revolving credit agreement [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 5,800,000	¥ 40,000,000
Expiration date	Jan. 31, 2020
Interest rate description	This agreement has an interest rate determined by the Chinese government
Outstanding amount	$ 0		$ 0			$ 0
[1]	Derived from audited financial statements.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Premier Money Market Fund [Member]
Assets:
Investments at fair value	$ 6,920	$ 6,639	$ 6,749
Large Blend Fund [Member]
Assets:
Investments at fair value			438
Growth Allocation Fund [Member]
Assets:
Investments at fair value	213	203	180
Moderate Allocation Fund [Member]
Assets:
Investments at fair value	130	127	117
Other [Member]
Assets:
Investments at fair value	84	112	187
Quoted prices in active markets for identical assets - Level 1 [Member] | Premier Money Market Fund [Member]
Assets:
Investments at fair value	6,920	6,639	6,749
Quoted prices in active markets for identical assets - Level 1 [Member] | Large Blend Fund [Member]
Assets:
Investments at fair value			438
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Fund [Member]
Assets:
Investments at fair value	213	203	180
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Fund [Member]
Assets:
Investments at fair value	130	127	117
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 84	$ 112	$ 187

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	[1]	Jul. 29, 2018	Jun. 22, 2018
Assets
Inventory	$ 50,660	$ 50,860		$ 54,989
Liabilities
Contingent Consideration – Earn-Out Obligation	$ 5,931	$ 5,856		5,600
eLuxury [Member]
Liabilities
Contingent Consideration – Earn-Out Obligation					$ 5,600
eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member]
Assets
Goodwill				13,653
Inventory				1,804
Liabilities
Contingent Consideration – Earn-Out Obligation				5,600
eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member] | Equipment [Member]
Assets
Equipment				2,179
eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member]
Assets
Tradename				6,549
Significant unobservable inputs - Level 3 [Member] | eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member]
Assets
Goodwill				13,653
Inventory				1,804
Liabilities
Contingent Consideration – Earn-Out Obligation				5,600
Significant unobservable inputs - Level 3 [Member] | eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member] | Equipment [Member]
Assets
Equipment				2,179
Significant unobservable inputs - Level 3 [Member] | eLuxury [Member] | Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member]
Assets
Tradename				$ 6,549
[1]	Derived from audited financial statements.

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 04, 2019	Apr. 28, 2019		Jul. 29, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term investments (Rabbi Trust)	$ 7,347,000	$ 7,081,000	[1]	$ 7,671,000
U.S. Corporate Bonds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to maturity investments		5,000,000		30,800,000
Held to maturity investments, fair value		5,000,000		30,600,000
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
Long-term investments (Rabbi Trust) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on investments	$ 46,000	$ 40,000		$ 104,000
[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
	Aug. 04, 2019	Jul. 29, 2018
Supplemental Cash Flow Elements [Abstract]
Interest		$ 24
Income taxes	$ 1,822	$ 3,223

Net Income Per Share - Weighted

Net Income Per Share - Weighted Average Shares (Detail) - shares shares in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Earnings Per Share [Abstract]
Weighted average common shares outstanding, basic	12,399	12,510
Dilutive effect of stock-based compensation	11	90
Weighted average common shares outstanding, diluted	12,410	12,600

Segment Information - Narrative

Segment Information - Narrative (Detail)	3 Months Ended
	Aug. 04, 2019Segment
Segment Reporting Information [Line Items]
Number of business segments	3
Description of changes in reporting goodwill and intangible assets in segment assets	Goodwill and intangible assets are not included in segment assets, as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, to allocate resources to the individual segments, or determine executive compensation.

Segment Information - Statement

Segment Information - Statement of Operations for Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Segment Reporting Information [Line Items]
Net sales		$ 74,847	$ 71,473
Gross profit		13,365	10,559
Selling, general, and administrative expenses		10,711	8,033
Income (loss) from operations		2,689	2,075
Restructuring related charges			1,565
Restructuring credit (expense) and restructuring related charges	[1],[2]	35	(2,016)
Interest expense		(9)	(20)
Interest income		249	150
Other expense		(87)	(257)
Income before income taxes		2,842	1,948
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales		38,685	34,398
Gross profit		5,691	5,302
Selling, general, and administrative expenses		3,071	2,512
Income (loss) from operations		2,620	2,790
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales		31,860	34,490
Gross profit		6,721	6,153
Selling, general, and administrative expenses		3,846	3,626
Income (loss) from operations		2,875	2,527
Restructuring credit (expense) and restructuring related charges		35	(2,016)
Home Accessories [Member]
Segment Reporting Information [Line Items]
Net sales		4,302	2,585
Gross profit		953	669
Selling, general, and administrative expenses		1,488	636
Income (loss) from operations		(535)	33
Operating Segments [Member]
Segment Reporting Information [Line Items]
Gross profit		13,365	12,124
Income (loss) from operations		2,654	4,091
Restructuring related charges			(1,565)
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales		38,685	34,398
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Net sales		31,860	34,490
Operating Segments [Member] | Home Accessories [Member]
Segment Reporting Information [Line Items]
Net sales		4,302	2,585
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Selling, general, and administrative expenses		2,306	1,259
Income (loss) from operations		$ (2,306)	$ (1,259)
[1]	Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018.
[2]	The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019.

Segment Information - Stateme_2

Segment Information - Statement of Operations for Operating Segments (Parenthetical) (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Restructuring expense
Restructuring (Credit) Expense and Restructuring Related Charges	[1],[2]	$ (35)	$ 2,016
Restructuring (credit) expense		(35)	451
Inventory markdowns			1,565
Upholstery Fabrics [Member]
Restructuring expense
Restructuring (Credit) Expense and Restructuring Related Charges		(35)	2,016
Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Restructuring expense
Restructuring (credit) expense		$ (35)	451
Upholstery Fabrics [Member] | Facility Closing [Member]
Restructuring expense
Inventory markdowns			$ 1,600
[1]	Of the $2.0 million, $1.6 million and $451,000 were recorded to cost of sales and restructuring expense in the Consolidated Statements of Net Income for the three-month period ending July 29, 2018.
[2]	The $35,000 credit was recorded to restructuring credit in the Consolidated Statements of Net Income for the three-month period ending August 4, 2019.

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018	Apr. 29, 2019	[2]	Apr. 28, 2019		Apr. 29, 2018
Segment Reporting Information [Line Items]
Inventory		$ 50,660	$ 54,989			$ 50,860	[1]
Assets held for sale		100
Property, plant and equipment		47,289	53,178			48,389	[1]
Right of use assets		6,530		$ 7,191
Investment in unconsolidated joint venture		1,520	1,525			1,508	[1]
Cash and cash equivalents		44,236	8,593			40,008	[1]
Short-term investments (Held-to-Maturity)			30,756			5,001	[1]
Current income taxes receivable		776				776	[1]
Other current assets		2,578	3,852			2,849	[1]
Deferred income taxes		486	3,721			457	[1]
Goodwill		27,222	27,222			27,222	[1]	$ 13,569
Intangible assets		10,354	10,730			10,448	[1]
Long-term investments (Rabbi Trust)		7,347	7,671			7,081	[1]
Noncurrent income taxes receivable		733				733	[1]
Depreciation expense		1,905	2,015
Capital expenditures	[3]	909	1,255
Other assets		526	910			643	[1]
Total assets		224,447	226,372			219,726	[1]
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		127,583	132,406			124,090
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		12,632	11,408			12,098
Inventory		24,410	31,506			24,649
Assets held for sale		100
Property, plant and equipment	[4]	43,211	48,156			44,266
Right of use assets	[5]	235
Investment in unconsolidated joint venture		1,520	1,525			1,508
Depreciation expense		1,620	1,762
Capital expenditures	[3]	669	1,198
Total assets		82,108	92,595			82,521
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		11,029	11,345			11,274
Inventory		23,183	21,784			22,915
Property, plant and equipment	[6]	1,856	2,370			1,795
Right of use assets	[7]	3,054
Depreciation expense		190	215
Capital expenditures	[3]	184	57
Total assets		39,122	35,499			35,984
Operating Segments [Member] | Home Accessories [Member]
Segment Reporting Information [Line Items]
Accounts receivable		429	472			379
Inventory		3,067	1,699			3,296
Property, plant and equipment	[8]	1,815	2,141			1,910
Right of use assets	[9]	1,042
Depreciation expense		95	38
Total assets		6,353	4,312			5,585
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[10]	407	511			418
Right of use assets	[11]	2,199
Cash and cash equivalents		44,236	8,593			40,008
Short-term investments (Held-to-Maturity)			30,756			5,001
Current income taxes receivable		776				776
Other current assets		2,578	3,852			2,849
Deferred income taxes		486	3,721			457
Goodwill		27,222	27,222			27,222
Intangible assets		10,354	10,730			10,448
Long-term investments (Rabbi Trust)		7,347	7,671			7,081
Noncurrent income taxes receivable		733				733
Capital expenditures	[3]	56	0
Other assets		526	910			643
Total assets		$ 224,447	$ 226,372			$ 219,726
[1]	Derived from audited financial statements.
[2]	Represents adoption date of Topic 842.
[3]	Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.
[4]	The $43.2 million at August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $48.2 million at July 29, 2018, represents property, plant, and equipment of $35.1 million and $13.1 million located in the U.S. and Canada, respectively. The $44.3 million at April 28, 2019, represents property, plant, and equipment of $32.4 million and $11.9 million located in the U.S. and Canada, respectively.
[5]	The $235 at August 4, 2019, represents right of use assets located in the U.S.
[6]	The $1.9 million at August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $2.4 million at July 29, 2018, represents property, plant, and equipment of $1.8 million and $616 located in the U.S. and China, respectively. The $1.8 million at April 28, 2019, represents property, plant, and equipment of $1.2 million and $591 located in the U.S. and China, respectively.
[7]	The $3.1 million at August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively
[8]	The $1.8 million at August 4, 2019, $2.1 million at July 29, 2018, and $1.9 million at April 28, 2019, represents property, plant and equipment located in the U.S.
[9]	The $1.0 million at August 4, 2019, represents right of use assets located in the U.S.
[10]	The $407, $511, and $418 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics, upholstery fabrics, and home accessories segments. Property, plant, and equipment associated with our corporate departments reside in the U.S.
[11]	The $2.2 million at August 4, 2019, represents right of use assets located in the U.S.

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($) $ in Thousands		Aug. 04, 2019	Apr. 29, 2019	[2]	Apr. 28, 2019		Jul. 29, 2018
Segment Reporting Information [Line Items]
Property, plant and equipment		$ 47,289			$ 48,389	[1]	$ 53,178
Right of use asset		6,530	$ 7,191
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[3]	43,211			44,266		48,156
Right of use asset	[4]	235
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[5]	1,856			1,795		2,370
Right of use asset	[6]	3,054
Operating Segments [Member] | Home Accessories [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[7]	1,815			1,910		2,141
Right of use asset	[8]	1,042
Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		31,200			32,400		35,100
Right of use asset		235
Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		1,300			1,200		1,800
Right of use asset		1,300
Operating Segments [Member] | United States [Member] | Home Accessories [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		1,800			1,900		2,100
Right of use asset		1,000
Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		12,000			11,900		13,100
Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment		548			591		616
Right of use asset		1,800
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Property, plant and equipment	[9]	407			$ 418		$ 511
Right of use asset	[10]	2,199
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
Right of use asset		$ 2,200
[1]	Derived from audited financial statements.
[2]	Represents adoption date of Topic 842.
[3]	The $43.2 million at August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $48.2 million at July 29, 2018, represents property, plant, and equipment of $35.1 million and $13.1 million located in the U.S. and Canada, respectively. The $44.3 million at April 28, 2019, represents property, plant, and equipment of $32.4 million and $11.9 million located in the U.S. and Canada, respectively.
[4]	The $235 at August 4, 2019, represents right of use assets located in the U.S.
[5]	The $1.9 million at August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $2.4 million at July 29, 2018, represents property, plant, and equipment of $1.8 million and $616 located in the U.S. and China, respectively. The $1.8 million at April 28, 2019, represents property, plant, and equipment of $1.2 million and $591 located in the U.S. and China, respectively.
[6]	The $3.1 million at August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively
[7]	The $1.8 million at August 4, 2019, $2.1 million at July 29, 2018, and $1.9 million at April 28, 2019, represents property, plant and equipment located in the U.S.
[8]	The $1.0 million at August 4, 2019, represents right of use assets located in the U.S.
[9]	The $407, $511, and $418 at August 4, 2019, July 29, 2018, and April 28, 2019, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics, upholstery fabrics, and home accessories segments. Property, plant, and equipment associated with our corporate departments reside in the U.S.
[10]	The $2.2 million at August 4, 2019, represents right of use assets located in the U.S.

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
	Aug. 04, 2019	Jul. 29, 2018
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21.00%	21.00%
Global Intangible Low Taxed Income Tax (GILTI)	23.70%	2.50%
Foreign income tax rate differential	10.60%	8.30%
Tax effects of Chinese foreign exchange gains	1.30%	2.10%
Change in estimate of U.S. valuation allowance	1.80%	8.60%
Excess income tax deficiency related to stock-based compensation	0.80%	1.70%
other	(0.10%)	2.30%
Effective income tax rate	59.10%	46.50%

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 04, 2019	Jul. 29, 2018
Income Tax Disclosure [Abstract]
Income taxes	$ 1,681	$ 906
Effective income tax rate	59.10%	46.50%

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Deferred Income Taxes (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Valuation Allowance [Line Items]
Valuation allowance	$ 711	$ 748	$ 5,399
U.S. State Tax [Member] | Loss Carryforwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 711	666	849
Internal Revenue Service (IRS) [Member] | Income Tax Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance		$ 82	$ 4,550

Income Taxes - Deferred Income

Income Taxes - Deferred Income Taxes - Undistributed Earnings from Foreign Subsidiaries - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Income Taxes [Line Items]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100.00%
Dividends received deduction, foreign corporation ownership percentage	10.00%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 2.9	$ 3.5	$ 2.8

Income Taxes - Uncertainty in I

Income Taxes - Uncertainty in Income Taxes - Narrative (Detail) - USD ($)	Aug. 04, 2019	Apr. 28, 2019	Jul. 29, 2018
Income Taxes [Line Items]
Unrecognized tax benefits		$ 903,000	$ 820,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	$ 914,000	523,000	440,000
Non-current Deferred Income Taxes [Member]
Income Taxes [Line Items]
Unrecognized tax benefits		380,000	380,000
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 914,000	$ 523,000	$ 440,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	Oct. 01, 2018	Aug. 04, 2019	Jul. 29, 2018	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		913,648
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost		$ 1,400,000
Weighted average period over which unrecognized compensation cost is expected to be recognized		2 years 8 months 12 days
Fair value of units expected to vest		$ 1,500,000
Common Stock Awards [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	3,659
Price Per Share	$ 19.21
Time Vested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost		$ 467,000
Weighted average period over which unrecognized compensation cost is expected to be recognized		3 years 3 months 18 days
Fair value of units expected to vest		$ 435,000
Selling, General and Administrative Expenses [Member] | Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		68,000	$ (506,000)
Selling, General and Administrative Expenses [Member] | Common Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		70,000
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		$ 16,000	$ 5,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with executive officers and Key Employees (Detail) - Performance Based Restricted Stock Units [Member] - $ / shares		Jul. 18, 2019		Aug. 02, 2018		Jul. 13, 2017
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Awarded	[1],[2]	93,653		86,599		78,195
Price Per Share	[2]	$ 18.49	[3]	$ 18.51	[4]	$ 31.85	[5]
Vesting Period	[2]	3 years		3 years		3 years
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Awarded	[1],[6]	15,213		47,800		44,000
Price Per Share	[2],[3],[6]	$ 18.49		$ 24.35		$ 32.50
Vesting Period	[6]	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]	Performance-based restricted stock units awarded to certain senior executives.
[3]	Price per share represents the closing price of our common stock on the date of grant.
[4]	Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on August 2, 2018.
[5]	Price per share represents the fair market value per share ($0.98 per $1 or a reduction of $0.65 to the closing price of the our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($32.50) for the performance-based components of the performance-based restricted stock units granted to certain senior executives on July 13, 2017.
[6]	Performance-based restricted stock units awarded to key employees.

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with executive officers and Key Employees (Parenthetical) (Detail) - Senior Executives [Member] - $ / shares	Aug. 02, 2018	Jul. 13, 2017	Jul. 18, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of common stock	$ 24.35	$ 32.50	$ 18.49
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value adjustment to closing price of common stock, percentage	0.76%	0.98%
Fair value adjustment to closing price of common stock, per share	$ 5.84	$ 0.65
Closing price of common stock	$ 24.35	$ 32.50	$ 18.49

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Vested Performance Based and Time Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Apr. 28, 2019	Apr. 29, 2018
Key Employees and Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested	[1]	9,489	128,632
Weighted Average Fair Value	[2]	$ 165	$ 3,754
Price Per Share	[3]	$ 17.36	$ 29.19
Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested	[4]	4,148	10,364
Weighted Average Fair Value	[2]	$ 72	$ 320
Price Per Share	[3]	$ 17.36	$ 30.90
[1]	Certain senior executives and key employees.
[2]	Dollar amounts are in thousands.
[3]	The weighted average price per share is derived from the closing prices of our common stock on the dates the respective time-based restricted stock units vested.
[4]	Non-employee

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Vested Time Based Restricted Stock Units (Detail) - Time Based Restricted Stock Unit [Member] - USD ($)		3 Months Ended
		Aug. 04, 2019	Jul. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested			1,200
Weighted Average Fair Value	[1]		$ 21	[2]
Price Per Share			$ 17.36	[2]
[1]	Dollar amounts are in thousands.
[2]	The weighted average price per share is derived from the closing prices of our common stock on the dates the respective time-based restricted stock units vested.

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units (Detail) - $ / shares	Jul. 18, 2019	Aug. 02, 2018	Jul. 13, 2017
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of our common stock	$ 18.49	$ 24.35	$ 32.50

Stock-Based Compensation - Su_6

Stock-Based Compensation - Summary of Grants of Time-Based Restricted Stock Awards Associated with Key Member of Management (Detail) - Time Vested Restricted Stock Awards [Member] - Management [Member] - $ / shares		Jul. 18, 2019	Aug. 02, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awarded		15,213	10,000
Price Per Share	[1]	$ 18.49	$ 24.35
Vesting Period		3 years	5 years
[1]	Price per share represents the closing price of our common stock on the date of grant.

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Right Of Use Assets And Liabilities (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 29, 2019	[1]
Right of use asset	$ 6,530	$ 7,191
Operating lease liability – current	2,456	2,629
Operating lease liability – noncurrent	$ 3,955	$ 4,473
[1]	Represents adoption date of Topic 842.

Leases - Operating Leases Of Le

Leases - Operating Leases Of Lessee Disclosure (Details) $ in Thousands	3 Months Ended
	Aug. 04, 2019USD ($)
Operating lease liability payments	$ 657
Right of use assets exchanged for lease liabilities

Leases - Lessee Operating Lea_2

Leases - Lessee Operating Lease Liability Maturity (Details) $ in Thousands	Aug. 04, 2019USD ($)
2020	$ 2,025
2021	2,044
2022	1,096
2023	683
2024	659
Thereafter	346
Total	6,853
Less: interest	(442)
Present value of lease liabilities	$ 6,411

Leases - Weighted Average Lease

Leases - Weighted Average Lease Term And Discount Rate (Detail)	Aug. 04, 2019
Weighted average lease term	3 years 6 months
Weighted average discount rate	3.82%

Leases - Narrative (Detail)

Leases - Narrative (Detail)	3 Months Ended
	Aug. 04, 2019USD ($)
Operating Lease Remaining Lease Terms	3 years 6 months
Operating Lease Expenses	$ 719,000
Lessee, Operating Lease, Option to Extend	renewal options for additional periods ranging up to 10 years
Minimum [Member]
Operating Lease Remaining Lease Terms	1 year
Maximum [Member]
Operating Lease Remaining Lease Terms	6 years

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($) $ in Thousands	Aug. 04, 2019	Apr. 28, 2019	[1]	Jul. 29, 2018
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures	$ 60	$ 78		$ 862
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open Purchase Commitments For Equipment	$ 1,500
[1]	Derived from audited financial statements.

Statutory Reserves (Detail)

Statutory Reserves (Detail) - Subsidiaries [Member] - China [Member] $ in Millions	3 Months Ended
	Aug. 04, 2019USD ($)
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	$ 4.2
Percentage of accumulated earnings and profits determined in accordance with PRC accounting rules and regulations	10.00%
Minimum threshold percentage for statutory surplus reserve fund as percentage of registered capital, below which certain capital transactions are prohibited	25.00%

Common Stock Repurchase Progr_2

Common Stock Repurchase Program (Detail) - Common Stock [Member] - USD ($)	Sep. 05, 2019	Jan. 27, 2019	Jun. 15, 2016
Common Stock Repurchase Program June 15, 2016 [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock			$ 5,000,000
Remaining authorized repurchase amount		$ 1,700,000
Stock Repurchase Program September 5, 2019 [Member] | Subsequent Event [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock	$ 5,000,000

Dividend Program (Detail)

Dividend Program (Detail) - USD ($) $ / shares in Units, $ in Thousands	Sep. 05, 2019	Aug. 04, 2019	Jul. 29, 2018
Dividends [Line Items]
Cash dividends paid		$ 1,241	$ 1,127
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividends paid		$ 1,200	$ 1,100
Cash dividend payment, per share		$ 0.10	$ 0.09
Subsequent Event [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share	$ 0.10
Date of payment to shareholders entitled to dividends	Oct. 15, 2019
Date of record of shareholders entitled to dividends	Oct. 4, 2019