Culp (CULP) 10-K 17 Jul 20 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	May 03, 2020	Nov. 03, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	May 3, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--05-03
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Trading Symbol	CULP
Entity Common Stock, Shares Outstanding	12,284,946
Entity Public Float		$ 183,200,423
Entity File Number	1-12597
Entity Tax Identification Number	56-1001967
Entity Address, Address Line One	1823 Eastchester Drive
Entity Address, City or Town	High Point
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27265
City Area Code	336
Local Phone Number	889-5161
Entity Incorporation, State or Country Code	NC
Title of 12(b) Security	Common Stock, par value $.05/ Share
Security Exchange Name	NYSE
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s Proxy Statement to be filed pursuant to Regulation 14A of the Securities and Exchange Commission in connection with its Annual Meeting of Shareholders to be held on September 30, 2020 are incorporated by reference into Part III of this Form 10-K.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	May 03, 2020	Apr. 28, 2019
current assets:
cash and cash equivalents	$ 69,790,000	$ 40,008,000
short-term investments - available for sale	923,000
short-term investments - held to maturity	4,271,000	5,001,000
accounts receivable, net	25,093,000	23,373,000
inventories	47,907,000	47,564,000
current income taxes receivable	1,585,000	776,000
current assets held for sale - discontinued operation		3,707,000
other current assets	2,116,000	2,816,000
total current assets	151,685,000	123,245,000
property, plant and equipment, net	43,147,000	46,479,000
goodwill	0	13,569,000
intangible assets	3,380,000	3,899,000
long-term investments - rabbi trust	7,834,000	7,081,000
long-term investments - held-to-maturity	2,076,000
right of use asset	3,903,000
noncurrent income taxes receivable		733,000
investment in unconsolidated joint venture	1,602,000	1,508,000
long-term note receivable affiliated with discontinued operation		830,000
deferred income taxes	793,000	457,000
noncurrent assets held for sale - discontinued operation		22,112,000
other assets	664,000	643,000
total assets	215,084,000	220,556,000
current liabilities:
line of credit - China operations	1,015,000
Paycheck Protection Program loan	7,606,000
accounts payable - trade	23,002,000	22,734,000
accounts payable - capital expenditures	107,000	68,000
operating lease liability - current	1,805,000
deferred revenue	502,000	399,000
accrued expenses	5,687,000	8,632,000
accrued restructuring costs		124,000
current liabilities held for sale - discontinued operation		2,213,000
income taxes payable - current	395,000	1,022,000
total current liabilities	40,119,000	35,192,000
line of credit - U.S. operations	29,750,000
accrued expense - long-term	167,000	333,000
operating lease liability - long-term	2,016,000
contingent consideration affiliated with discontinued operation		5,856,000
income taxes payable - long-term	3,796,000	3,249,000
deferred income taxes	1,818,000	3,176,000
deferred compensation	7,720,000	6,998,000
noncurrent liabilities held for sale - discontinued operation		1,505,000
total liabilities	85,386,000	56,309,000
commitments and contingencies (notes 13 and 15)
shareholders' equity:
preferred stock, $.05 par value, authorized 10,000,000 shares
common stock, $.05 par value, authorized 40,000,000 shares, issued and outstanding 12,284,946 at May 3, 2020 and 12,391,160 at April 28, 2019	615,000	620,000
capital contributed in excess of par value	42,582,000	43,694,000
accumulated earnings	86,511,000	115,579,000
accumulated other comprehensive (loss) income	(10,000)	40,000
total shareholders' equity attributable to Culp Inc.	129,698,000	159,933,000
non-controlling interest - discontinued operation		4,314,000
total equity	129,698,000	164,247,000
total liabilities and equity	$ 215,084,000	$ 220,556,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	May 03, 2020	Apr. 28, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.05	$ 0.05
Preferred stock, authorized shares	10,000,000	10,000,000
Common stock, par value	$ 0.05	$ 0.05
Common stock, authorized shares	40,000,000	40,000,000
Common stock, issued	12,284,946	12,391,160
Common stock, outstanding	12,284,946	12,391,160

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020		Apr. 28, 2019	Apr. 29, 2018
Income Statement [Abstract]
net sales	$ 47,378	$ 68,518	$ 69,550	$ 70,719	$ 67,023	$ 73,127	$ 72,275	$ 68,898	$ 256,166		$ 281,325	$ 323,725
cost of sales	(44,333)	(56,998)	(56,024)	(58,307)	(55,828)	(60,054)	(60,666)	(58,998)	(215,668)		(235,556)	(259,092)
gross profit from continuing operations	3,045	11,520	13,526	12,412	11,195	13,073	11,609	9,900	40,498		45,769	64,633
selling, general and administrative expenses	(7,327)	(8,831)	(9,117)	(9,149)	(8,758)	(8,677)	(8,409)	(7,397)	(34,424)		(33,243)	(37,172)
asset impairments	(13,712)								(13,712)	[1]
restructuring credit		35		35		214	1,061	(451)	70		825
(loss) income from continuing operations	(17,994)	2,724	4,409	3,298	2,437	4,610	4,261	2,052	(7,568)		13,351	27,461
interest expense	(84)		(21)				(14)	(17)	(106)		(35)	(94)
interest income	121	258	258	260	221	259	155	150	897		789	534
other expense	(426)	(282)	(99)	(95)	(670)	(294)	(164)	(254)	(902)		(1,383)	(1,018)
(loss) income before income taxes from continuing operations	(18,383)	2,700	4,547	3,463	1,988	4,575	4,238	1,931	(7,679)		12,722	26,883
income tax (expense) benefit	(704)	973	(1,930)	(1,692)	(3,091)	(1,274)	(1,270)	(906)	(3,354)		(6,537)	(5,740)
(loss) income from investment in unconsolidated joint venture	(65)	(56)	(16)	13	(5)	23	(55)	(77)	(125)		(114)	(266)
net (loss) income from continuing operations	(19,152)	3,617	2,601	1,784	(1,108)	3,324	2,913	948	(11,158)		6,071	20,877
(loss) income before income taxes from discontinued operation	(8,698)	(7,824)	(441)	(621)	(477)	(313)	37	17	(17,577)		(726)
income tax benefit (expense)	25		32	11	74	49	(6)		68		113
net (loss) income from discontinued operation	(8,673)	(7,824)	(409)	(610)	(403)	(264)	31	17	(17,509)		(613)
net (loss) income	$ (27,825)	$ (4,207)	$ 2,192	$ 1,174	$ (1,511)	$ 3,060	$ 2,944	$ 965	$ (28,667)		$ 5,458	$ 20,877
net (loss) income from continuing operations per share-basic	$ (1.56)	$ 0.29	$ 0.21	$ 0.14	$ (0.09)	$ 0.27	$ 0.23	$ 0.08	$ (0.90)		$ 0.49	$ 1.68
net (loss) income from continuing operations per share-diluted	(1.56)	0.29	0.21	0.14	(0.09)	0.27	0.23	0.08	(0.90)		0.48	1.65
net (loss) income from discontinued operation per share - basic	(0.71)	(0.63)	(0.03)	(0.05)	(0.03)	(0.02)			(1.41)		(0.05)
net (loss) income from discontinued operation - diluted	(0.71)	(0.63)	(0.03)	(0.05)	(0.03)	(0.02)			(1.41)		(0.05)
net (loss) income from per share-basic	(2.26)	(0.34)	0.18	0.09	(0.12)	0.25	0.24	0.08	(2.32)		0.44	1.68
net (loss) income per share-diluted	$ (2.26)	$ (0.34)	$ 0.18	$ 0.09	$ (0.12)	$ 0.25	$ 0.24	$ 0.08	$ (2.32)		$ 0.43	$ 1.65
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Statement Of Income And Comprehensive Income [Abstract]
net (loss) income	$ (28,667)	$ 5,458	$ 20,877
unrealized gain (loss) on foreign currency cash flow hedge, net of tax
unrealized holding loss on foreign currency cash flow hedge		(9)	(55)
reclassification adjustment for realized loss on foreign currency cash flow hedge		64
total unrealized gain (loss) on foreign currency cash flow hedge		55	(55)
unrealized (loss) gain on investments, net of tax
unrealized holding losses on investments	(60)	(24)	(26)
reclassification adjustment for realized loss included in net income	10	94
total unrealized (loss) gain on investments	(50)	70	(26)
total other comprehensive (loss) income	(50)	125	(81)
comprehensive (loss) income	(28,717)	5,583	20,796
Plus: comprehensive loss attributable to non-controlling interest associated with discontinued operation	4,674	218
comprehensive (loss) income attributable to Culp Inc. common shareholders	$ (24,043)	$ 5,801	$ 20,796

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 Discontinued Operation
Balance at Apr. 30, 2017	$ 148,630	$ 618	$ 47,415	$ 100,601	$ (4)	$ 148,630
Balance (in shares) at Apr. 30, 2017		12,356,631
net income (loss)	20,877			20,877		20,877
stock-based compensation	2,212		2,212			2,212
unrealized gain (loss) on foreign currency cash flow hedge instrument	(55)				(55)	(55)
unrealized gain (loss) on investments	(26)				(26)	(26)
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)		118,845
fully vested common stock award (shares)		4,800
common stock issued in connection with vesting of time-based restricted stock units (in shares)		1,200
common stock issued in connection with exercise of stock options	$ 111	$ 1	110			111
common stock issued in connection with exercise of stock options (in shares)	15,600	15,600
common stock surrendered for the cost of stock option exercises and withholding taxes payable	$ (1,530)	$ (2)	(1,528)			(1,530)
common stock surrendered for the cost of stock option exercises and withholding taxes payable (shares)		(46,800)
dividends paid	(6,843)			(6,843)		(6,843)
Balance at Apr. 29, 2018	163,376	$ 623	48,203	114,635	(85)	163,376
Balance (in shares) at Apr. 29, 2018		12,450,276
net income (loss)	5,458			5,676		5,676	$ (218)
acquisition of subsidiary with non-controlling interest - discontinued operation	4,532						4,532
stock-based compensation	130		130			130
unrealized gain (loss) on foreign currency cash flow hedge instrument	55				55	55
unrealized gain (loss) on investments	70				70	70
common stock issued in connection with vesting of performance-based restricted stock units		$ 7	(7)
common stock issued in connection with vesting of performance based restricted stock units (in shares)		136,996
fully vested common stock award (shares)		6,548
common stock issued in connection with vesting of time-based restricted stock units (in shares)		1,200
common stock surrendered for the cost of stock option exercises and withholding taxes payable	(1,319)	$ (2)	(1,317)			(1,319)
common stock surrendered for the cost of stock option exercises and withholding taxes payable (shares)		(43,037)
common stock repurchased	(3,323)	$ (8)	(3,315)			(3,323)
Common stock repurchased (in shares)		(160,823)
dividends paid	(4,732)			(4,732)		(4,732)
Balance at Apr. 28, 2019	164,247	$ 620	43,694	115,579	40	159,933	4,314
Balance (in shares) at Apr. 28, 2019		12,391,160
net income (loss)	(28,667)			(23,993)		(23,993)	(4,674)
capital contribution from non-controlling interest - discontinued operation	360						$ 360
stock-based compensation	614		614			614
unrealized gain (loss) on investments	(50)				(50)	(50)
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)		15,638
fully vested common stock award		$ 1	(1)
fully vested common stock award (shares)		23,664
common stock surrendered for the cost of stock option exercises and withholding taxes payable	(51)		(51)			(51)
common stock surrendered for the cost of stock option exercises and withholding taxes payable (shares)		(3,020)
common stock repurchased	(1,680)	$ (7)	(1,673)			(1,680)
Common stock repurchased (in shares)		(142,496)
dividends paid	(5,075)			(5,075)		(5,075)
Balance at May. 03, 2020	$ 129,698	$ 615	$ 42,582	$ 86,511	$ (10)	$ 129,698
Balance (in shares) at May. 03, 2020		12,284,946

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
cash flows from operating activities:
net (loss) income	$ (28,667,000)	$ 5,458,000	$ 20,877,000
adjustments to reconcile net (loss) income to net cash provided by operating activities:
depreciation	7,827,000	8,117,000	7,672,000
amortization	647,000	780,000	351,000
asset impairments	33,914,000	0	0
reversal of contingent consideration associated with discontinued operation	(6,081,000)
loss on disposal of discontinued operation	1,606,000
stock-based compensation	614,000	130,000	2,212,000
deferred income taxes	(1,694,000)	2,027,000	(2,482,000)
gain on sale of property, plant, and equipment	(238,000)	(1,452,000)
loss from investment in unconsolidated joint venture	125,000	114,000	266,000
realized loss on sale of short-term investments (available for sale)	10,000	94,000
foreign currency exchange loss (gain)	109,000	(17,000)	66,000
changes in assets, liabilities and, net of effects acquisition and disposal of business:
accounts receivable	(1,994,000)	2,339,000	(299,000)
inventories	(837,000)	3,841,000	(24,000)
other current assets	342,000	41,000	226,000
other assets	(48,000)	(65,000)	(81,000)
accounts payable-trade	499,000	(3,427,000)	(4,028,000)
accrued expenses and deferred compensation	(1,017,000)	(1,492,000)	(1,562,000)
deferred revenue	103,000	(410,000)	(94,000)
accrued restructuring costs	(124,000)	124,000
income taxes	(126,000)	(2,329,000)	4,373,000
net cash provided by operating activities	4,970,000	13,873,000	27,473,000
cash flows from investing activities:
net cash paid for acquisition of assets		(12,096,000)	(4,541,000)
capital expenditures	(4,585,000)	(3,261,000)	(8,005,000)
proceeds from the sale of equipment	672,000	1,894,000	6,000
proceeds from long-term note receivable associated with discontinued operation	1,523,000
investment in unconsolidated joint venture	(220,000)	(120,000)	(661,000)
proceeds from the sale of short-term investments (available for sale)	6,606,000	2,458,000
proceeds from the sale of short-term investments (held to maturity)	6,100,000	25,680,000
purchase of short-term investments (available for sale)	(7,555,000)	(10,000)	(49,000)
purchase of short-term and long-term investments (held-to-maturity)	(7,465,000)
proceeds from the sale of long-term investments (rabbi trust)		1,233,000	57,000
purchase of long-term investments (rabbi trust)	(788,000)	(1,011,000)	(1,902,000)
proceeds from life insurance policy		394,000
payments on life insurance policy			(18,000)
net cash (used in) provided by investing activities	(5,712,000)	15,161,000	(15,113,000)
cash flows from financing activities:
proceeds from lines of credit	30,765,000	12,000,000	19,000,000
payments associated with lines of credit		(12,000,000)	(19,000,000)
proceeds from Paycheck Protection Program loan	7,606,000
payments on vendor-financed capital expenditures		(1,412,000)	(3,750,000)
proceeds from subordinated loan payable associated with the noncontrolling interest of discontinued operation	250,000	675,000
cash paid for acquisition of business	(1,532,000)
dividends paid	(5,075,000)	(4,732,000)	(6,843,000)
repurchases of common stock	(1,680,000)	(3,323,000)
common stock surrendered for withholding taxes payable	(51,000)	(1,319,000)	(1,530,000)
capital contribution associated with the noncontrolling interest of discontinued operation	360,000
payments for debt issuance costs		(50,000)
proceeds from common stock issued			111,000
net cash provided by (used in) financing activities	30,643,000	(10,161,000)	(12,012,000)
effect of exchange rate changes on cash and cash equivalents	(119,000)	(93,000)	85,000
increase in cash and cash equivalents	29,782,000	18,780,000	433,000
cash and cash equivalents at beginning of year	40,008,000	21,228,000	20,795,000
cash and cash equivalents at end of year	$ 69,790,000	$ 40,008,000	$ 21,228,000

General and Summary of Signific

General and Summary of Significant Accounting Policies	12 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
General and Summary of Significant Accounting Policies	1. GENERAL AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of Business Continuing Operations Our continuing operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. We have wholly-owned mattress fabric operations located in Stokesdale, NC, High Point, NC, Quebec, Canada, and a fifty percent owned cut and sew mattress cover operation located in Haiti. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. We have wholly-owned upholstery fabric operations located in Shanghai, China, Burlington, NC, and a recently acquired business located in Knoxville, TN (see Note 2 of the consolidated financial statements for further details regarding this business combination). Discontinued Operation – Home Accessories Segment Effective June 22, 2018, we acquired an 80% ownership interest in eLuxury, LLC (“eLuxury”), a company that offers bedding accessories and home goods directly to consumers and businesses through its e-commerce platform. eLuxury’s financial information was included in our home accessories segment. Effective March 31, 2020, we sold our entire ownership interest in eLuxury to its noncontrolling interest holder as part of our comprehensive response to the challenging conditions arising from the COVID-19 global pandemic. As a result of this sale, our home accessories segment was eliminated at such time, and therefore its results of operations and assets and liabilities were excluded from our continuing operations and presented as a discontinued operation in our consolidated financial statements. See Note 3 of the consolidated financial statements for further details. Basis of Presentation The consolidated financial statements of the company have been prepared in accordance with U.S. generally accepted accounting principles. Principles of Consolidation Overall The consolidated financial statements include the accounts of the company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The accounts of our subsidiaries located in Shanghai, China and Poznan, Poland are consolidated as of April 30, a calendar month end, which are required by the Chinese and Polish governments, respectively. No events occurred related to the difference between our fiscal year end on the Sunday closest to April 30 and our China and Polish subsidiaries year end of April 30 that materially affected the company’s financial position, results of operations, or cash flows for fiscal years 2020, 2019, and 2018. Investment in Unconsolidated Joint Venture Effective January 1, 2017, Culp International Holdings, Ltd. (Culp International), a wholly-owned subsidiary of Culp, Inc., entered into a joint venture agreement, pursuant to which Culp International owns fifty percent of CLASS International Holdings, Ltd (CLIH). Culp’s investment in CLIH will be accounted for under the equity method of accounting in accordance with ASC Topic 823 – Investments – Equity Method and Joint Ventures. If our carrying value in CLIH is reduced to zero, no further losses will be recorded in our consolidated financial statements. However, if CLIH subsequently reports income, we will not record our share of such income until it equals the amount of its share of losses previously recognized. Discontinued Operation – Home Accessories Segment Consolidation As a result of the fiscal 2019 acquisition of our 80% ownership interest in eLuxury, we previously included all the accounts of eLuxury in our consolidated financial statements and eliminated all significant intercompany balances and transactions. Net income (loss) attributable to the noncontrolling interest in eLuxury was excluded from net income (loss) attributable to Culp Inc. common shareholders. Substantive Profit-Sharing Provisions In connection with the fiscal 2019 acquisition of our 80% ownership in interest in eLuxury, we entered into an Equity Purchase Agreement (Equity Agreement) that contained substantive profit-sharing provisions which explicitly stated the ownership interests as of the acquisition date of June 22, 2018, and the allocation of net income or loss between us, as the controlling interest holder, and the noncontrolling interest holder. The Equity Agreement stated as of the acquisition date, we acquired an 80% ownership interest in eLuxury, with the seller retaining a 20% noncontrolling interest. Additionally, eLuxury’s net income or loss, future capital contributions and equity distributions were allocated at a percentage of 70% to or from us and 30% to or from the noncontrolling interest holder. Also, the Equity Agreement included certain loss limitations pursuant to which net losses allocated pursuant to the Equity Agreement would not exceed the maximum amount of net loss that could be allocated without causing any owners to have a capital account deficit as defined in the agreement The carrying value of our controlling interest and the noncontrolling interest was recorded based on the terms of the substantive profit-sharing provisions of the Equity Agreement. As a result, eLuxury’s total net asset balance of $1.9 million as of March 31, 2020, (the disposal date) represented the carrying value of our controlling interest. Deconsolidation In accordance with ASC Topic 810-10-40, a parent company must deconsolidate a subsidiary as of the date the parent ceases to have a controlling interest in that subsidiary and recognize a gain or loss in net income at that time. As a result, we deconsolidated eLuxury from our consolidated financial statements on March 31, 2020, the effective date of the sale agreement, and recognized a loss on disposal of discontinued operation totaling $1.9 million, which is included in net loss from discontinued operation in the fiscal 2020 Consolidated Statement of Net Loss. The $1.9 million loss on disposal of discontinued operation represented the entire carrying amount of eLuxury’s assets less liabilities as of the disposal date of March 31, 2020. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets that were associated with the sale of our entire ownership interest in eLuxury or retain a noncontrolling interest in eLuxury. Additionally, based on the terms of the substantive profit-sharing provisions stated in the Equity Agreement, the noncontrolling interest did not have a carrying amount for their interest in eLuxury. See Note 3 “Overview” for description of consideration. Fiscal Year Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April 30. Fiscal 2020 included 53 weeks and fiscal 2019 and 2018 each included 52 weeks. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include demand deposit and money market accounts. We consider all highly liquid instruments with original maturities of three months or less to be cash equivalents. A summary of our cash and cash equivalents by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 58,057 $ 28,078 China 10,531 9,670 Canada 1,160 2,196 Cayman Islands 42 64 $ 69,790 $ 40,008 Throughout the year, we have cash balances regarding our U.S. operations of more than the federally insured amounts on deposit with a financial institution. We have not experienced any losses in such accounts. Management believes we are not exposed to any significant credit risk related to cash and cash equivalents. Short-Term Investments (Available for Sale) As of May 3, 2020, our short-term investments consisted of bond funds that were classified as available-for-sale and had an accumulated unrealized loss totaling $9,000. As of May 3, 2020, our short-term investments were recorded at its fair value of $923,000 and the fair value of our short-term investments approximated its cost basis. A summary of our short-term investments by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 923 $ — Long-Term Investments (Rabbi Trust) We have a Rabbi Trust to set aside funds for participants of our deferred compensation plan (the “Plan”) that enables our participants to credit their contributions to various investment options of the Plan. The investments associated with the Rabbi Trust consist of investments in a money market fund and various mutual funds that are classified as available for sale. Our long-term investments are classified as available for sale and were recorded at their fair value of $7.8 million and $7.1 million at May 3, 2020, and April 28, 2019, respectively. Our long-term investments had an accumulated unrealized gain totaling $19,000 and $40,000 at May 3, 2020, and April 28, 2019, respectively. The fair value of our long-term investments associated with our Rabbi Trust approximates its cost basis. Investments (Held-To-Maturity) Our investments classified as held-to-maturity consisted of investment grade U.S. corporate bonds, foreign bonds, and government bonds with original maturities that range from 2 to 10 years, all of which have remaining maturities of less than 2 years as of May 3, 2020. These investments were classified as held-to-maturity as we have the positive intent and ability to hold these investments until maturity. Our held-to-maturity investments were recorded as either current or noncurrent on our Consolidated Balance Sheets, based on the maturity date in relation to the respective reporting period and recorded amortized cost. At May 3, 2020, the amortized cost of our held-to-maturity investments was $6.3 million and the fair value was $6.4 million. At April 28, 2019, the amortized cost and fair value of our held-to-maturity investments were $5.0 million. Our bond investments 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. Accounts Receivable Substantially all our accounts receivable was due from manufacturers in the bedding and furniture industries. We grant credit to customers and generally do not require collateral. We record an allowance for doubtful accounts that reflects estimates of probable credit losses. Management continuously performs credit evaluations of our customers, considering numerous inputs including financial position, past payment history, cash flows, management ability, historical loss experience and economic conditions and prospects. We do not have any off-balance sheet credit exposure related to our customers. Inventories We account for inventories at the lower of first-in, first-out (FIFO) cost or net realizable value. Management continually examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value. Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain patterns. As a result, we provide inventory valuation write-downs based upon established percentages based on the age of the inventory that are continually evaluated as events and market conditions require. Our inventory aging categories are six, nine, twelve, and fifteen months. We also provide inventory valuation write-downs based on the planned discontinuance of certain products based on the current market values at that time as compared to their current carrying values. Property, Plant and Equipment Property, plant, and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Major renewals and betterments are capitalized. Maintenance, repairs, and minor renewals are expensed as incurred. When properties or equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts. Amounts received on disposal less the book value of assets sold are charged or credited to income from operations. Management reviews long-lived assets, which consist principally of property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recovered. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to future net undiscounted cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the excess of the carrying amount over the fair value of the asset. After the impairment loss is recognized, the adjusted carrying amount is the new accounting basis. Assets to be disposed of by sale are reported at the lower of the carrying value or fair value less cost to sell when the company has committed to a disposal plan and would be reported separately as assets held for sale in the Consolidated Balance Sheets. Advertising Costs Advertising costs are expensed as incurred. We presented advertising costs totaling $1.7 million and $2.2 in discontinued operations during fiscal 2020 and 2019, respectively. No advertising costs were presented in discontinued operations during fiscal 2018. There were no advertising costs presented in continuing operations during each fiscal year 2020, 2019, or 2018. Interest Costs Total interest costs incurred were $190,000, $65,000, and $194,000 during fiscal 2020, 2019, and 2018, respectively. Of the total interest costs incurred of $190,000 during fiscal 2020, $106,000 and $84,000 were presented in continuing operations and discontinued operations, respectively. Of the total interest costs incurred of $65,000 during fiscal 2019, $35,000 and $30,000 were presented in continuing operations and discontinued operations, respectively. The total interest cost incurred of $194,000 during fiscal 2018 was associated with our continuing operations. We capitalize interest costs incurred on funds used to construct property, plant, and equipment. The capitalized interest is recorded as part of the asset to which it relates and is depreciated over the asset’s estimated useful life. No interest costs for the construction of qualifying fixed assets were capitalized during fiscal 2020 or 2019. Interest costs of $100,000 were capitalized for the construction of qualifying fixed assets during fiscal 2018 and were all associated with continuing operations. Foreign Currency Adjustments The United States dollar is the functional currency for the company’s Canadian and Chinese subsidiaries. All monetary foreign currency asset and liability accounts are remeasured into U.S. dollars at year-end exchange rates. Non-monetary asset and liabilities such as property, plant, and equipment are recorded at historical exchange rates. Foreign currency revenues and expenses are remeasured at average exchange rates in effect during the year, except for certain expenses related to balance sheet amounts remeasured at historical exchange rates. Exchange gains and losses from remeasurement of foreign currency denominated monetary assets and liabilities are recorded in the other expense line item in the Consolidated Statements of Net (Loss) Income in the period in which they occur. A summary of our foreign currency exchange (losses) gains by geographic area follows: (dollars in thousands) 2020 2019 2018 China $ 42 $ — $ (298 ) Canada (138 ) 2 (8 ) Euro foreign exchange contract — (64 ) — $ (96 ) $ (62 ) $ (306 ) See Note 18 to the consolidated financial statements for additional details regarding our Euro foreign exchange contract. Goodwill and Intangible Assets In accordance with ASC Topic 350, Intangibles – Goodwill and Other, ASC Topic 350 requires us to assess goodwill for impairment annually (the last day of our fiscal year) or between annual tests if we believe certain indicators of impairment exist. Such indicators could include but are not limited to (1) deterioration in the environment of the industry and markets in which we operate, (2) unanticipated competition, (3) a deterioration in general economic conditions, (4) overall decline in financial performance such as negative and declining cash flows, or a decline in actual or planned revenue or earnings compared with actual and projected results or relevant prior periods, and (5) a decrease in the price per share of our common stock. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we conduct a quantitative goodwill impairment test. The quantitative impairment test involves comparing the fair value of the applicable reporting unit with its carrying value. We estimate the fair values of our reporting units using a combination of the income, discounted cash flows, and the market approach, which utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds the reporting unit’s fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As a result of our third quarter and annual impairment assessments during the fourth quarter, we recorded asset impairment charges associated with our goodwill and tradenames totaling $33.9 million during fiscal 2020. Of the total $33.9 million, $20.2 million, and $13.7 million were reported in discontinued operations and continuing operations, respectively. Also, of the total $33.9 million asset impairment charges, $27.2 million and $6.7 pertained to goodwill and tradenames, respectively. Due to the asset impairment charges of $27.2 million associated with our goodwill, no goodwill was reported on our Consolidated Balance Sheet as of May 3, 2020. No asset impairment charges were recorded during fiscal 2019 and 2018. See Notes 8 and 9 of the consolidated financial statements for further details of our assessments of impairment, conclusions reached, and the performance of our quantitative test. Income Taxes Deferred Income Taxes – Overall Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the financial statement carrying amounts and the tax basis of our assets, liabilities, and our U.S. loss carryforwards and foreign income tax credits at income tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred income taxes of a change in tax rates is recognized in income tax expense (benefit) in the period that includes the enactment date. Deferred Income Taxes – Valuation Allowance We evaluate our deferred income taxes to determine if a valuation allowance is required. We assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more-likely-than-not” standard with significant weight being given to evidence that can be objectively verified. Since we operate in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. We are required to record a deferred tax liability for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. 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. For fiscal 2019 and beyond, the 2017 Tax Cuts and Jobs Act allows a U.S. corporation a 100% dividend received deduction for earnings and profits received from a 10% owned foreign corporation. Therefore, a deferred tax liability will only be required for withholding taxes that are incurred by our foreign subsidiaries at the time earnings and profits are distributed. Uncertainty in Income Taxes We recognize the tax effect from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax impact recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Penalties and interest related to uncertain tax positions are recorded as income tax expense. Significant judgment is required in the identification of uncertain tax positions and in the estimation of penalties and interest on uncertain tax positions. Revenue from Contracts with Customers On April 30, 2018 (the beginning of fiscal 2019), we adopted ASU 2014-09 “Revenue from Contracts with Customers” (ASC Topic 606 or the “new standard”). ASC Topic 606 requires us to disclose significant judgments and changes in judgments in applying the new standard that significantly affect the determination of the amount and timing of revenue from contracts with customers. The application of the new standard did not materially affect our accounting policies followed in fiscal year 2018 with regards to revenue recognition, determination of transaction prices, and revenue measurement. However, as required by ASC Topic 606, we recorded a reclassification adjustment from a contra account applied to accounts receivable to accrued expenses for estimated sales returns and allowances totaling $1.2 million. See below for disclosure of our significant judgements and accounting policies or determining the amount and timing of revenue from contracts with customers. Revenue Recognition Revenue is recognized upon the transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We determined that our customer purchase orders represent contracts. In addition to purchase orders, we also have supply contracts with certain customers that define standard terms and conditions. Our contracts generally include promises to sell either upholstery fabric, mattress fabric, or bedding accessories and home goods products, to provide fabrication, and installation services of our own products associated with customized window treatments. Revenue associated with sales of our products are recognized at the point-in-time when control of the promised goods has been transferred to the customer. The point-in-time when control transfers to the customer depends on the contractually agreed upon shipping terms, but typically occurs once the product has been shipped or once it has been delivered to a location specified by the customer. For certain warehousing arrangements, transfer of control to the customer is deemed to have occurred when the customer pulls the inventory for use in their production. Revenue associated with our customized fabrication services, which are performed on various types of window treatments, is recognized over time once the customized products are deemed to have no alternative use and for which we have an enforceable right to payment for the services performed. Revenue for our customized fabrication services is recognized over time using the output method based on units produced. Revenue associated with our installation services of our own products is also recognized over time as the customer receives and consumes the benefits of the promised installation services. Revenue associated with our installation services is recognized over time using the output method based on units installed. Transaction Price The transaction price is typically allocated to performance obligations based upon stand-alone selling prices. We did not disclose the value of unsatisfied performance obligations as substantially all of any unsatisfied performance obligations as of May 3, 2020, will be satisfied within one year or less. Revenue Measurement Revenue is measured as the amount of consideration we expect to receive in exchange for the transfer of the promised products and services. The amount of consideration we expect to receive changes due to variable consideration are associated with allowances for sales returns, early payment discounts, and volume rebates that we offer to customers. The amount of variable consideration which is included in the transaction price is only included in net sales to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur in a future period. Our mattress fabrics and upholstery fabrics business segments only allow product returns to the extent that the products or services did not meet the contractually agreed upon specifications at the time of sale. Customers must receive authorization prior to returning products. Our former home accessories business segment allowed returns for any reason provided the product is returned within the stated time frame, generally 30 days, unless the product was customized in which case of a defect must be present in order to return the product. Estimates of allowances for sales returns are based on historical data, current potential product return issues, and known sales returns for which customers have been granted return authorization. Known sales returns for which customers have been granted permission to return products for a refund or credit, continue to be recorded as a contra account receivable. Estimates for potential future sales returns and related customer accommodations are recorded within accrued expenses. We record estimates for sales returns on a gross basis rather than a net basis and an estimate for a right of return asset is recorded in other current assets and cost of goods sold. Variable consideration associated with early payment cash discounts are estimated using current payment trends and historical data on a customer-by-customer basis. The variable consideration associated with volume rebates are based on the portion of the rebate earned relative to the total amount of rebates the customer is expected to earn over the rebate period as determined using historical data and projections. We evaluated the nature of our warranties related to our contracts with customers and determined that any such warranties are assurance-type warranties that cover only compliance with agreed upon specifications, and therefore are not considered separate performance obligations. Shipping and Handling Costs Revenue received for shipping and handling costs, which is immaterial for all periods presented, is included in net sales. Shipping costs, principally freight, that comprise payments to third-party shippers are classified as cost of sales. Handling costs represent finished goods warehousing costs incurred to store, move, and prepare products for shipment in the company’s various distribution facilities. Handling costs were $4.0 million, $4.2 million, and $4.6 million fiscal 2020, 2019, and 2018, respectively, and are included in selling, general and administrative expenses. Sales and Other Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and, as such, are excluded from revenues. Leases On April 29, 2019 (the beginning of fiscal 2020), we adopted ASU No. 2016-02, Leases (Topic 842), which requires lessees to recognize leases on the balance sheet and disclose certain key information about their leasing arrangements. The new standard establishes a right of use (“ROU”) model that requires a lessee to recognize a ROU asset and lease liability for certain lease contracts. Topic 842 provides several practical expedients that could be applied 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. 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 ROU 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. For these contracts, an estimated incremental borrowing rate (“IBR”) is utilized, based on information available at the inception of the lease. The IBR represents an estimate of the interest rate we would incur at the lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease. Stock-Based Compensation Our equity incentive plans are described more fully in Note 16 to the notes to the consolidated financial statements. ASC Topic 718, “Compensation – Stock Compensation”, requires that all stock-based compensation be recognized as compensation expense in the financial statements and that such cost be measured at the grant date for awards issued to employees and the company’s board of directors. Equity awards issued to non-employees are measured at the earlier date of when the performance criteria are met or at the end of each reporting period. Compensation expense for time vested restricted stock awards are amortized on a straight-line basis over the remaining vesting periods. Compensation expense for performance based restricted stock units are recorded based on an assessment each reporting period of the probability if certain performance goals are to be met during the contingent vesting period. If performance goals are not probable of occurrence, no compensation expense was recognized. Previously recognized compensation cost on performance goals that were previously deemed probable and subsequently were not met or not expected to be met is reversed. Fair Value of Financial Instruments The accompanying consolidated financial statements include certain financial instruments, and the fair market value of such instruments may differ from amounts reflected on a historical basis. These financial instruments include our short-term and long-term investments. The fair value measurements of our financial instruments are described more fully in Note 17 of the consolidated financial statements. The carrying am

Business Combination

Business Combination	12 Months Ended
	May 03, 2020
Business Combinations [Abstract]
Business Combination	2. BUSINESS COMBINATION Read Window Products, LLC (Read) Overview Effective April 1, 2018, we entered into an Asset Purchase Agreement (Asset Agreement) to acquire certain assets and assume certain liabilities of Read, a source of custom window treatments for the hospitality and commercial industries. Based in Knoxville, Tennessee, Read is a turn-key provider of window treatments that offers sourcing of upholstery fabrics and other products, measuring, and installation services of their own products. Read’s custom product line includes motorization, shades, upholstered drapery, upholstered headboards, and shower curtains. In addition, Read supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters and pillows, for leading hospitality brands worldwide. The addition of window treatments and other soft goods to our product line allows us to be a more complete source of fabrics for the hospitality market. The purchase price for the net assets acquired was $5.7 million, of which $4.5 million was paid at closing on April 1, 2018, $375,000 was paid in May 2018, and $763,000 was paid in July 2019. 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 Customer relationships $ 2,247 Goodwill 2,107 Inventory 1,128 Accounts receivable 897 Tradename 683 Property, plant & equipment 379 Other assets 35 Deferred revenue (903 ) Accounts payable (719 ) Accrued expenses (174 ) $ 5,680 Assets Acquired We recorded customer relationships at fair market value based on a multi-period excess earnings valuation model. These customer relationships are being amortized on a straight-line basis over their nine-year useful life. 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 three to ten years. The goodwill related to this acquisition was attributable to Read’s reputation with the products and services they provide and the collective experience of management with regards to its operations, customers, and industry. Goodwill is deductible for income tax purposes over the statutory period of fifteen years. In accordance ASC Topic 350, we performed our annual assessment to determine if any impairment of our goodwill associated with this reporting unit existed as of May 3, 2020. As a result of our annual assessment, we recorded an impairment charge of $2.1 million for the entire goodwill balance. See Notes 9 and 17 located in the notes to the consolidated financial statements for further details regarding our annual assessment that resulted in the impairment of the entire goodwill balance associated with this reporting unit. Contingent Consideration The Asset Agreement contains a contingent consideration arrangement that required us to pay a former shareholder of Read an earn-out payment based on adjusted EBITDA, as defined in the Asset Agreement, for calendar year 2018 in excess of fifty percent of a pre-established adjusted EBITDA. Based on actual financial results in relation to the pre-established adjusted EBITDA target, a contingent payment was not required under the terms of the Asset Agreement, and therefore, no contingent liability has been recorded. Other Acquisition costs totaling $339,000 were included in selling, general, and administrative expenses in our fiscal 2018 Consolidated Statement of Net Income. Actual revenue and net income for the month of April 2018 were included in our fiscal 2018 Consolidated Statement of Net Income and totaled $880,000 and $5,000, respectively. Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the fiscal years ending May 3, 2020, April 28, 2019, and April 29, 2018, have been prepared as if this acquisition had occurred on May 1, 2017. (dollars in thousands, except per share data) May 3, 2020 April 28, 2019 April 29, 2018 Net Sales $ 256,166 $ 281,325 $ 334,953 (Loss) income from continuing operations (7,568 ) 13,351 26,799 Net (loss) income from continuing operations (11,158 ) 6,071 20,455 Net loss from discontinued operation (17,509 ) (613 ) — Net (loss) income $ (28,667 ) $ 5,458 20,455 net (loss) income from continuing operations per share-basic $ (0.90 ) $ 0.49 $ 1.65 net (loss) income from continuing operations per share-diluted $ (0.90 ) $ 0.48 $ 1.62 net loss from discontinued operation per share-basic $ (1.41 ) $ (0.05 ) $ — net loss from discontinued operation per share-diluted $ (1.41 ) $ (0.05 ) $ — Net (loss) income per share - basic $ (2.32 ) $ 0.44 $ 1.65 Net (loss) income per share - diluted $ (2.32 ) $ 0.43 $ 1.62 The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results.

Home Accessories Segment

Home Accessories Segment	12 Months Ended
	May 03, 2020
Discontinued Operations And Disposal Groups [Abstract]
Home Accessories Segment	3. HOME ACCESSORIES SEGMENT Acquisition Overview Effective June 22, 2018, we entered into an Equity Purchase Agreement (Equity Agreement) in which we acquired an 80% ownership interest in eLuxury, LLC (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 sourced from other suppliers. Its products are available on eLuxury’s own branded website, eLuxury.com This acquisition provided a new sales channel for eLuxury’s bedding accessories and an opportunity for us to participate in the e-commerce direct-to-consumer space. The estimated consideration given for the 80% ownership interest in eLuxury totaled $18.1 million, of which $12.5 million represented the estimated purchase price and $5.6 million represented the estimated fair value of contingent consideration associated with an earn-out obligation. 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 was paid in September 2019. 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 As of the acquisition date, 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, was not being amortized. Equipment was depreciated on a straight-line basis over useful lives ranging from five to ten years. The goodwill related to this acquisition was attributable to eLuxury’s reputation with the products they offered and management’s experience in e-commerce, online brand building, and direct-to-consumer shopping and fulfillment expertise. Goodwill was deductible for income tax purposes over the statutory period of fifteen years. Other Acquisition costs totaling $270,000 were included in selling, general, and administrative expenses in our fiscal 2019 Consolidated Statement of Net Income. Disposal Overview On March 31, 2020, we sold our entire ownership interest in eLuxury to eLuxury’s noncontrolling interest holder in consideration of an accelerated settlement of certain financial obligations due and payable by eLuxury to us and the entry into supply and royalty arrangements designed to preserve an additional sales channel for our core products. Also, this sale is expected to increase our liquidity and allows us to focus on our core businesses of upholstery and mattress fabrics and is part of our comprehensive response to the challenging business conditions arising from the COVID-19 global pandemic. In connection with the sale of our entire ownership interest in eLuxury, (i) we received $509,500 at closing as an accelerated repayment of principal amounts previously loaned to eLuxury, together with outstanding interest, under a loan agreement between us and eLuxury; (ii) we forgave $300,000 of borrowings payable by eLuxury to us under this loan agreement; (iii) we entered into an amended and restated credit and security agreement with eLuxury and the buyer (former noncontrolling interest holder) (together, the “Borrowers”), pursuant to which the Borrowers agreed to repay an additional $1 million previously loaned to eLuxury within thirty days of the closing of the sale transaction (and which amount was secured by the assets of both Borrowers); and (iv) eLuxury agreed to pay $613,000 within sixty days of the sale transaction in satisfaction of certain trade accounts payable due from eLuxury to us. The remaining $1 million we previously loaned to eLuxury and the outstanding trade accounts payable balance of $613,000 due from eLuxury to us has been paid in full in accordance with the terms of the sale agreement outlined above. Discontinued Operation Financial Statement Presentation and Disclosures Financial Statement Presentation Due to the sale of our entire ownership interest in eLuxury, our home accessories segment was eliminated as a result of our strategic decision to focus on our core products that we believe will increase our liquidity and assist with our comprehensive response to the COVID-19 global pandemic. Consequently, we determined that the results from operations and assets and liabilities associated with our home accessories segment were to be excluded from our continuing operations and presented as a discontinued operation in our consolidated financial statements in accordance with ASC Topic 205-20-45. As a result, we classified the results from operations of our home accessories segment separately in captions titled “Discontinued Operations” on our Consolidated Statements of Net (Loss) Income for the current and prior year periods. Additionally, assets and liabilities associated with our home accessories segment as of April 28, 2019 were reclassified from certain amounts reported in prior periods to present separately in captions titled “current assets held for sale – discontinued operation”, “noncurrent assets held for sale – discontinued operation”, “current liabilities held for sale – discontinued operation”, and “noncurrent liabilities held for sale – discontinued operation” to conform to current year financial statement presentation. Consolidated Balance Sheets The following is a summary of the assets and liabilities that were sold on March 31, 2020, and a reconciliation of the assets and liabilities disclosed in the notes to the consolidated financial statements to the assets and liabilities of the disposal group that are presented separately as held for sale – discontinued operation on the Consolidated Balance Sheet as of April 28, 2019: March 31, April 28, (dollars in thousands) 2020 2019 ASSETS current assets: cash and cash equivalents $ 285 $ — accounts receivable 588 378 inventories 3,344 3,296 other current assets 170 33 total current assets held for sale - discontinued operation 4,387 3,707 property, plant, and equipment 1,694 1,910 goodwill — 13,653 intangible asset — 6,549 right of use asset 918 — total noncurrent assets held for sale - discontinued operation 2,612 22,112 total assets $ 6,999 $ 25,819 LIABILITIES AND NET ASSETS current liabilities: accounts -payable trade $ 1,394 $ 1,653 operating lease liability - current 195 — accrued expenses 351 560 total current liabilities held for sale - discontinued operation 1,940 2,213 loan payable - Culp Inc. 1,500 830 subordinated loan payable - noncontrolling interest 925 675 operating lease liability - long-term 743 — total noncurrent liabilities held for sale - discontinued operation 3,168 1,505 total liabilities 5,108 3,718 total net assets of discontinued operation $ 1,891 $ 22,101 Net Loss from Discontinued Operation The following is a reconciliation of the major classes of financial statement line items constituting loss before income taxes from discontinued operation that are disclosed in the notes to the financial statements to loss from discontinued operation that are presented in the Consolidated Statements of Net (Loss) Income for fiscal years 2020, 2019, and 2018: (1) (dollars in thousands) 2020 2019 2018 net sales $ 13,763 $ 15,956 $ — cost of sales (10,953 ) (11,527 ) — gross profit 2,810 4,429 — selling, general and administrative expenses (4,100 ) (5,162 ) — asset impairments (2) (20,202 ) — — reversal of contingent consideration - earn-out obligation (3) 5,856 — — interest expense (4) (84 ) (30 ) — other income 34 37 — loss from discontinued operation related to major classes of loss before income taxes (15,686 ) (726 ) — loss on disposal of discontinued operation (1,891 ) — — loss before income taxes from discontinued operation (5) (17,577 ) (726 ) — income tax benefit 68 113 — net loss from discontinued operation $ (17,509 ) $ (613 ) $ — (1) Discontinued operations were not presented in fiscal 2018 as we acquired eLuxury on June 22, 2018, which was during our fiscal 2019. (2) During fiscal 2020, we recorded asset impairment charges totaling $20.2 million, of which $13.6 million and $6.6 million pertained to the goodwill and tradename, respectively. Of the total asset impairment charge totaling $20.2 million, $13.6 million, and $6.6 million were recorded in the 3 rd th (3) See separate section below titled “Contingent Consideration” for further details. (4) Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the noncontrolling interest) or required to be paid to Culp Inc. based on the terms of the sale agreement. (5) See separate section below titled “Consolidation and Deconsolidation” for further details. The following is a summary of net (loss) income from continuing operations, loss from discontinued operation, and net (loss) income attributable Culp Inc. common shareholders and the noncontrolling interest for fiscal years 2020, 2019, and 2018: (dollars in thousands) 2020 2019 2018 net (loss) income from continuing operations $ (11,158 ) $ 6,071 $ 20,877 net (loss) income from continuing operations attributable to noncontrolling interest — — — net (loss) income from continuing operations attributable to Culp Inc. common shareholders $ (11,158 ) $ 6,071 $ 20,877 net loss from discontinued operation $ (17,509 ) $ (613 ) $ — net loss from discontinued operation attributable to noncontrolling interest 4,674 218 — net loss from discontinued operation attributable to Culp Inc. common shareholders $ (12,835 ) $ (395 ) $ — net loss (income) $ (28,667 ) $ 5,458 $ 20,877 net loss from noncontrolling interest 4,674 218 — net (loss) income attributable to Culp Inc. common shareholders $ (23,993 ) $ 5,676 $ 20,877 Cash Flow Disclosures Our discontinued operation had net cash used in operating activities totaling $(2.3) million and $(1.5) million for fiscal 2020 and 2019, respectively. Our discontinued operation had net cash used in investing activities totaling $(134,000) and $(54,000) for fiscal 2020 and 2019, respectively. Our discontinued operation had net cash provided by financing activities all of which were loan proceeds and capital contributions from Culp Inc. and the noncontrolling interest of eLuxury totaling $2.4 million and $1.5 million during fiscal 2020 and 2019, respectively. We believe our liquidity will be positively affected in the absence of our home accessories segment due to the significant losses that were incurred and the funding of working capital requirements though loans and capital contributions. We incurred a $1.9 million loss on disposal of discontinued operation that was reported within loss before income taxes from discontinued operation on the fiscal 2020 Consolidated Statement of Net Loss. However, we reported a loss on disposal of discontinued operation of $1.6 million on the fiscal 2020 Consolidated Statement of Cash Flows, as the buyer (former noncontrolling interest holder) retained the cash held with eLuxury totaling $285,000. Contingent Consideration The Equity Agreement contained a contingent consideration arrangement that required us to pay the seller, who was 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. We were required to assess the fair value of this earn-out obligation each quarterly reporting period. Based on management’s assessment as of the end of our third quarter (February 2, 2020), as we determined it was necessary to adjust forecasted EBITDA as it relates to this earn-out obligation. This determination was based on the future outlook of our former home accessories segment and its slower than expected business improvement, as well as updated assumptions on economic conditions in the e-commerce space, combined with the upcoming timeframe for determining the amount associated with this contingent consideration arrangement. As a result of these factors, we recorded a reversal of $6.1 million for the full amount of our earn-out obligation at the end of our third quarter of fiscal 2020. In connection with the sale agreement of our entire ownership interest in eLuxury, this contingent consideration arrangement was nullified on March 31, 2020. Since the earn-out obligation was solely based on the financial performance of our home accessories segment and the contingent consideration arrangement was nullified as a result of the disposal, the reversal of this earn-out obligation is directly attributable to our discontinued operation. Consolidation and Deconsolidation Consolidation As a result of the acquisition of our 80% ownership interest, we included all the accounts of eLuxury in our consolidated financial statements and eliminated all significant intercompany balances and transactions. Net income (loss) attributable to the noncontrolling interest in eLuxury was excluded from net income (loss) attributable to Culp Inc. common shareholders. Substantive Profit-Sharing Provisions The Equity Agreement contained substantive profit-sharing provisions which explicitly stated the ownership interests as of the acquisition date and the allocation of net income or loss between us, as the controlling interest holder, and the noncontrolling interest holder. The Equity Agreement stated as of the acquisition date, we acquired an 80% ownership interest in eLuxury, with the seller retaining a 20% noncontrolling interest. Additionally, eLuxury’s net income or loss, future capital contributions and equity distributions were allocated at a percentage of 70% to or from us and 30% to or from the noncontrolling interest holder. Also, the Equity Agreement included certain loss limitations pursuant to which net losses allocated pursuant to the Equity Agreement would not exceed the maximum amount of net loss that could be allocated without causing any owners to have a capital account deficit as defined in the Equity Agreement. The carrying value of our controlling interest and the noncontrolling interest was recorded based on the terms of the substantive profit-sharing provisions of the Equity Agreement. As a result, eLuxury’s total net asset balance of $1.9 million as of March 31, 2020, (the disposal date) represented the carrying value of our interest (the controlling interest holder) in eLuxury. Deconsolidation In accordance with ASC Topic 810-10-40, a parent company must deconsolidate a subsidiary as of the date the parent ceases to have a controlling interest in that subsidiary and recognize a gain or loss in net income at that time. As a result, we deconsolidated eLuxury from our consolidated financial statements on March 31, 2020 and recognized a loss on disposal of discontinued operation totaling $1.9 million. The $1.9 million loss on disposal of discontinued operation represented the entire carrying amount of eLuxury’s assets less liabilities as of the disposal date of March 31, 2020. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets associated with the sale of our entire ownership interest in eLuxury or retain a noncontrolling interest in eLuxury. Additionally, based on the terms of the substantive profit-sharing provisions stated in the Equity Agreement, the noncontrolling interest did not have a carrying amount for their interest in eLuxury. Continuing Obligations, Financial Commitments, and Continuing Relationships with the Discontinued Operation Supply and Royalty Agreements In connection with the sale of our entire ownership interest in eLuxury, we entered into supply and royalty agreements with eLuxury to preserve an additional sales channel for our core products – upholstery and mattress fabrics. The supply agreement requires eLuxury to purchase all its requirements at fair market prices for mattress and upholstery fabrics products of the type we were supplying to eLuxury at the time of the sale transaction, as well as certain home accessories and soft products, subject to our ability to provide competitive pricing and delivery terms for such products. The royalty agreement requires eLuxury to pay us a royalty fee based on a percentage of sales, as defined in the royalty agreement, for sales of eLuxury’s products to certain business-to-business customers, including customers for which we referred to eLuxury prior to the sale transaction and new customer relationships we develop for eLuxury going forward, as well of eLuxury products generated by sales representatives that we develop or introduce to eLuxury. There are no guarantees or provisions under either the supply or royalty agreements that require eLuxury to purchase a minimum amount of our products or sell a certain amount of eLuxury products to customer or through sales representatives developed or introduced by us.. As a result, the success of these agreements and the period of time in which our involvement with eLuxury is expected to continue are based on eLuxury’s ability to sell products that require mattress and upholstery fabrics and our ability to provide an additional sales channel for eLuxury to grow their business-business sales platform. As a result of our continuing involvement with eLuxury, we reported net sales and the related cost of sales associated with our inventory shipments to eLuxury in accordance with Topic 205-20-50-4B, which requires us to report these transactions in continuing operations for the all periods presented in our Consolidated Statement of (Loss) Income. Therefore, we reported both net sales and cost of sales totaling $968,000 during fiscal 2020 and $612,000 during fiscal 2019 that were previously eliminated in consolidation prior to the disposal date of March 31, 2020. After the disposal date of March 31, 2020 and through our fiscal year end date of May 3, 2020, shipments to eLuxury totaled $7,000. Shipments for the fiscal month April 2020 were severely affected by the COVID-19 global pandemic. Financial Guarantee Currently, we have an agreement that guarantees 70% of any unpaid lease payments associated with eLuxury’s facility located in Evansville, Indiana. The lease agreement expires in September 2024 and requires monthly payments of $18,865. Under the terms of the sale of our controlling interest in eLuxury, the buyer (the former noncontrolling interest holder) must use commercially reasonable efforts to cause the lessor to release us from this financial guarantee of eLuxury’s lease agreement. Additionally, eLuxury, and its sole owner following the sale have indemnified us from any liabilities and obligations that we would be required to pay regarding this lease agreement.

Accounts Receivable

Accounts Receivable	12 Months Ended
	May 03, 2020
Receivables [Abstract]
Accounts Receivable	4 . ACCOUNTS RECEIVABLE A summary of accounts receivable follows: May 3, April 28, (dollars in thousands) 2020 2019 customers $ 25,649 $ 24,370 allowance for doubtful accounts (472 ) (393 ) allowance for cash discounts (68 ) (186 ) reserve for returns and allowances and discounts (16 ) (40 ) $ 25,093 $ 23,751 (1) (1) At April 28, 2019, accounts receivable totaled $23.8 million, of which $23.4 million and $378,000 were classified as accounts receivable and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. A summary of the activity in the allowance for doubtful accounts follows: (dollars in thousands) 2020 2019 2018 beginning balance $ (393 ) $ (357 ) $ (414 ) provision for bad debts (79 ) (84 ) 57 write-offs, net of recoveries — 48 — ending balance $ (472 ) $ (393 ) $ (357 ) A summary of the activity in the allowance for returns and allowances and discounts follows: (dollars in thousands) 2020 2019 2018 beginning balance $ (226 ) $ (1,433 ) $ (1,220 ) adoption of ASC Topic 606 — 1,145 — provision for returns and allowances and discounts (1,603 ) (2,180 ) (3,295 ) credits issued and discounts taken 1,745 2,242 3,082 ending balance $ (84 ) $ (226 ) $ (1,433 )

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	May 03, 2020
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	5 . REVENUE FROM CONTRACTS WITH CUSTOMERS Nature of Performance Obligations Continuing Operations Our continuing operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. Effective April 1, 2018, we acquired Read (see Note 2 located in the notes to the consolidated financial statement for further details), 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. Read is included in the upholstery fabrics segment. Our primary performance obligations include the sale of mattress fabrics, upholstery fabrics, as well as the performance of customized fabrication and installation services of our own products associated with window treatments. Discontinued Operation – Home Accessories Segment As disclosed in Note 3 located in the notes to the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. Additionally, the results of operations associated with our home accessories segment were excluded from our continuing operations and are presented as a discontinued operation in our consolidated financial statements. The home accessories segment was our finished products business that manufactured, sourced, and sold bedding accessories and home goods directly to consumers and businesses through global e-commerce, business-to-business, and other sales channels. Prior to its disposal, our former home accessories segment reported net sales totaling $13.8 million and $16.0 million during fiscal 2020 and 2019, respectively. Revenue associated with the sales of home accessories products were recognized at the point-in-time when control was transferred to the customer. Significant Judgments See Note 1 located in the notes to the consolidated financial statements for disclosure of our accounting policies regarding our significant judgements associated with revenue recognition, determining our transaction prices, and revenue measurement. Contract Assets & Liabilities Certain contracts, primarily those for customized fabrication and installation services associated with Read, require upfront customer deposits that result in a contract liability which is recorded 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 – 60 days. For a limited time, extended terms were granted to certain customers in response to the challenging business conditions resulting from the COVID-19 global pandemic. Our customary terms, as well as the limited extended terms, are common within the industries in which we operate and are not considered financing arrangements. There were no contract assets recognized as of May 3, 2020 and April 28, 2019. A summary of the activity of deferred revenue follows: (dollars in thousands) Fiscal 2020 Fiscal 2019 Beginning Balance $ 399 $ 809 Revenue recognized on contract liabilities during the period (2,356 ) (2,725 ) Payments received for services not yet rendered during the period 2,459 2,315 Ending Balance $ 502 $ 399 Disaggregation of Revenue The following table presents our disaggregated revenue related to continuing operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2020: (dollars in thousands) Mattress Fabrics Upholstery Fabrics Total Products transferred at a point in time $ 131,412 $ 114,154 $ 245,566 Services transferred over time — 10,600 10,600 Total Net Sales $ 131,412 $ 124,754 $ 256,166 The following table presents our disaggregated revenue related to continuing operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2019: (dollars in thousands) Mattress Fabrics Upholstery Fabrics Total Products transferred at a point in time $ 145,671 $ 125,294 $ 270,965 Services transferred over time — 10,360 10,360 Total Net Sales $ 145,671 $ 135,654 $ 281,325

Inventories

Inventories	12 Months Ended
	May 03, 2020
Inventory Disclosure [Abstract]
Inventories	6 . INVENTORIES A summary of inventories follows: (dollars in thousands) May 3, 2020 April 28, 2019 raw materials $ 7,823 $ 5,617 work-in-process 1,958 2,289 finished goods 38,126 42,954 $ 47,907 $ 50,860 (1) (1) At April 28, 2019, inventory totaled $50.9 million, of which $47.6 million and $3.3 million were classified as inventory and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	May 03, 2020
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	7 . PROPERTY, PLANT AND EQUIPMENT A summary of property, plant and equipment follows: (dollars in thousands) depreciable lives (in years) May 3, 2020 April 28, 2019 land and improvements 0-10 $ 909 $ 838 buildings and improvements 7-40 31,047 30,712 leasehold improvements ** 2,288 2,180 machinery and equipment 3-12 60,703 72,641 office furniture and equipment 3-10 8,819 9,834 capital projects in progress 1,958 1,263 105,724 117,468 accumulated depreciation (62,577 ) (69,079 ) $ 43,147 48,389 (1) ** Shorter of life of lease or useful life. (1) At April 28, 2019, property, plant and equipment totaled $48.4 million, of which $46.5 million and $1.9 million were classified as property, plant, and equipment and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Intangible Assets

Intangible Assets	12 Months Ended
	May 03, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	8 . INTANGIBLE ASSETS A summary of intangible assets follows: (dollars in thousands) May 3, 2020 April 28, 2019 Tradenames $ 540 $ 7,232 Customer relationships, net 2,238 2,538 Non-compete agreement, net 602 678 $ 3,380 $ 10,448 (1) (1) At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets. Tradename A summary of the change in the carrying amount of our tradenames follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 7,232 683 683 acquisition of assets (note 3) — 6,549 — loss on impairment - continuing operations (143 ) loss on impairment - discontinued operations (note 3) (6,549 ) — — ending balance $ 540 7,232 683 Our tradenames were recorded at their fair market values at the effective date of their acquisitions (see Notes 2 and 3 of the consolidated financial statements for further details) and were based on the relief from royalty method. As of the respective acquisition dates, our tradenames were determined to have an indefinite useful life and therefore, were not being amortized. Continuing Operations As of April 28, 2019, the tradename associated with our continuing operations totaled $683,000 and was associated with Read, a separate reporting unit within the upholstery fabrics segment. In accordance with ASC Topic 350 Intangibles – Goodwill and Other, that the fair value of Read’s tradename was less than its carrying amount, we performed a quantitative impairment test. Our quantitative impairment test involved determining the fair value of Read’s tradename utilizing the relief from royalty method and comparing the respective fair value of Read’s tradename with its carrying amount. Consequently, based on our quantitative impairment test, we recorded Discontinued Operation – Home Accessories Segment As of April 28, 2019, the tradename associated with our discontinued operation totaled $6.6 million. During the fiscal 2020, we recorded asset impairment charges totaling $6.6 million, of which $2.4 million and $4.2 million, were recorded in the 3 rd th As of February 2, 2020 (the end of our third quarter), we believed indicators of impairment existed that pertained to the future outlook of our former home accessories segment and its slower than expected business improvement, as well as economic conditions that existed within the e-commerce bedding space. Since we determined it was more-likely-than-not that the fair value of the tradename associated with our former home accessories segment was less than its carrying amount, we performed a quantitative impairment test. Our quantitative impairment test involved determining the fair value of the tradename associated with our former home accessories segment utilizing a relief from royalty method and comparing the respective fair value with its carrying amount. Consequently, based on our quantitative impairment test, we recorded During the fourth quarter of fiscal 2020, management made a strategic decision to sell our entire ownership percentage in eLuxury to focus on our core products of mattress and upholstery fabrics, which we believe will increase our liquidity and assist with our comprehensive response to the COVID-19 global pandemic. As a result, we recorded an additional asset impairment charge of $4.2 million based on the expected selling price of our entire ownership in eLuxury in comparison to its carrying amount. As disclosed in Note 3 located in the notes to the consolidated financial statements, effective March 31, 2020, we sold our entire ownership interest in eLuxury to its noncontrolling interest holder resulting in the elimination of the home accessories segment at such time. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets associated with the sale of our entire ownership interest in eLuxury. The $4.2 million asset impairment charge recorded during the fourth quarter is presented within the discontinued operation section of our fiscal 2020 Consolidated Statement of Net Loss. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 2,538 2,839 664 acquisition of assets (note 2) — — 2,247 amortization expense (300 ) (301 ) (72 ) loss on impairment — — — ending balance $ 2,238 2,538 2,839 In connection with our asset purchase agreement with Read (see note 2 of the consolidated financial statements) on April 1, 2018, we purchased certain customer relationships. We recorded these customer relationships at fair market value totaling $2.2 million based on a multi-period excess earnings valuation model. These customer relationships will be amortized on a straight-line basis over their nine-year useful life. Also, at May 3, 2020, we had customer relationships from a prior acquisition associated with our mattress fabrics segment with a carrying amount totaling $510,000. These customer relationships are being amortized on a straight-line basis over their seventeen-year useful life. The gross carrying amount of our customer relationships was $3.1 million at May 3, 2020 and April 28, 2019. Accumulated amortization for these customer relationships was $877,000 and $577,000 at May 3, 2020 and April 28, 2019, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2021 - $301,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; FY 2025 - $301,000; and Thereafter - $733,000. The weighted average amortization period for our customer relationships is 7.6 years as of May 3, 2020. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 678 753 828 amortization expense (76 ) (75 ) (75 ) loss on impairment — — — ending balance $ 602 678 753 We have a non-compete agreement from a prior acquisition associated with our mattress fabrics segment that is being amortized on a straight-line basis over its fifteen-year useful life. The gross carrying amount of this non-compete agreement was $2.0 million at May 3, 2020 and April 28, 2019. Accumulated amortization for this non-compete agreement was $1.4 million and $1.4 million at May 3, 2020 and April 28, 2019, respectively. The remaining amortization expense for the next five years and thereafter follows: FY 2021 - $75,000; FY 2022 - $75,000; FY 2023 - $75,000; FY 2024 - $75,000; FY 2025 - $75,000, and Thereafter - $227,000. The weighted average amortization period for the non-compete agreement is 8.0 years as of May 3, 2020.

Goodwill

Goodwill	12 Months Ended
	May 03, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	9 . GOODWILL A summary of the change in the carrying amount of goodwill follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 27,222 $ 13,569 11,462 acquisition of assets (notes 2 and 3) — 13,653 2,107 loss on impairment - continuing operations (13,569 ) — — loss on impairment - discontinued operation (note 3) (13,653 ) — — ending balance $ - 27,222 (1) 13,569 (1) At April 28, 2019, goodwill totaled $27.2 million, of which $13.6 million was classified as goodwill and $13.6 million was classified within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. Continuing Operations As of April 28, 2019, goodwill associated with our continuing operations totaled $13.6 million, of which $11.5 million was associated with our mattress fabrics reporting unit and $2.1 million was associated with Read, a separate reporting unit within the upholstery fabrics segment. In accordance with ASC Topic 350 Intangibles – Goodwill and Other, that the fair value for both our mattress fabrics and Read reporting units were less than their carrying amounts, we conducted a quantitative goodwill impairment test. Our quantitative goodwill impairment test involved determining the fair value of each of our mattress fabrics and Read reporting units utilizing a discounted cash flows method and comparing the respective fair value of our mattress fabrics and Read reporting units with their respective carrying amounts, including goodwill. Consequently, based on our quantitative goodwill impairment test, we recorded Discontinued Operation – Home Accessories Segment As of April 28, 2019, goodwill associated with our discontinued operation totaled $13.6 million. During fiscal 2020, we recorded asset impairment charges totaling $13.6 million, of which $11.2 million and $2.4 million, were recorded in the 3 rd th As of February 2, 2020 (the end of our third quarter), we believed indicators of impairment existed that pertained to the future outlook of our former home accessories segment and its slower than expected business improvement, as well as economic conditions that existed within the e-commerce bedding space. Since we determined it was more-likely-than-not that the fair value of our former home accessories reporting unit was less than its carrying amount, we performed a quantitative goodwill impairment test. Our quantitative goodwill impairment test involved determining the fair value of our former home accessories segment utilizing a discounted cash flows method and comparing the respective fair value of our former home accessories reporting unit with its respective carrying amount, including goodwill. Consequently, based on our quantitative goodwill impairment test, we recorded During the fourth quarter of fiscal 2020, management made a strategic decision to sell our entire ownership percentage in eLuxury to focus on our core products of mattress and upholstery fabrics, which we believe will increase our liquidity and assist with our comprehensive response to the COVID-19 global pandemic. As a result, we recorded an additional asset impairment charge of $2.4 million based on the expected selling price of our entire ownership in eLuxury in comparison to its carrying amount, including goodwill. As disclosed in Note 3 of the notes to the consolidated financial statements, effective March 31, 2020, we sold our entire ownership interest in eLuxury to its noncontrolling interest resulting in the elimination of the home accessories segment, at such time. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets that were associated with the sale of our entire ownership interest in eLuxury. The $2.4 million asset impairment charge recorded during the fourth quarter is presented within the discontinued operation section of our fiscal 2020 Consolidated Statement of Net Loss.

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Venture	12 Months Ended
	May 03, 2020
Equity Method Investments And Joint Ventures [Abstract]
Investment in Unconsolidated Joint Venture	10 . 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 in an 80,000 square foot facility located in a modern industrial park on the northeastern border of Haiti, which borders the Dominican Republic. CLIH commenced production in the second quarter of fiscal 2018 and complements our mattress fabric operations with a reactive platform that enhances our ability to meet customer demand while adding a lower cost operation to our platform. On December 20, 2019, CLIH entered into an agreement to construct an additional plant facility totaling 40,000 square feet, which is expected to be completed in the second quarter of fiscal 2021. This new plant facility will be near our existing operations and will provide additional capacity that will enhance our ability to produce sewn covers. This agreement requires payments totaling $1.2 million, of which $600,000 was paid in February 2020, $180,000 in May 2020, with a remaining balance of $420,000 to be paid upon completion. CLIH incurred a net loss of $250,000, $227,000, and $532,000 in fiscal 2020, 2019, and 2018, respectively. CLIH’s net loss during fiscal 2018 included initial start-up operating expenses. Culp International’s equity interest in these net losses were $125,000, $114,000, and $266,000 in fiscal 2020, 2019, and 2018, respectively. The following table summarizes information of assets, liabilities and members’ equity of our equity method investment in CLIH: (dollars in thousands) May 3, 2020 April 28, 2019 total assets $ 3,338 $ 3,126 total liabilities $ 133 $ 111 total members’ equity $ 3,205 $ 3,015 At May 3, 2020 and April 28, 2019, our investment in CLIH totaled $1.6 million and $1.5 million, respectively, which represents the company’s fifty percent ownership in CLIH.

Accrued Expenses

Accrued Expenses	12 Months Ended
	May 03, 2020
Text Block [Abstract]
Accrued Expenses	1 1 . ACCRUED EXPENSES (dollars in thousands) May 3, 2020 April 28, 2019 compensation, commissions and related benefits $ 3,038 $ 4,229 interest 9 4 other 2,807 5,292 $ 5,854 $ 9,525 At May 3, 2020, accrued expenses totaled $5.9 million, of which $5.7 million and $167,000 were classified as current accrued expenses and long-term accrued expenses, respectively, in the accompanying Consolidated Balance Sheets. At April 28, 2019, accrued expenses totaled $9.5 million, of which $8.6 million, $333,000, and $560,000 were classified as current accrued expenses, long-term accrued expenses, and within current liabilities held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

2019 Upholstery Fabrics Restruc

2019 Upholstery Fabrics Restructuring Plan	12 Months Ended
	May 03, 2020
Restructuring And Related Activities [Abstract]
2019 Upholstery Fabrics Restructuring Plan	1 2 . 2019 UPHOLSTERY FABRICS RESTRUCTURING PLAN 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 and related charges that were associated with this restructuring plan described above: (dollars in thousands) 2020 2019 Inventory markdowns $ — $ 1,564 Other operating costs associated with a closed facility — 824 Employee termination benefits (70 ) 661 Gain on sale of property, plant, and equipment — (1,486 ) Restructuring credit and restructuring related charges (1) (2) $ (70 ) $ 1,563 (1) The $70,000 credit was recorded to restructuring credit in the accompanying fiscal 2020 Consolidated Statement of Net Loss. (2) Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the accompanying fiscal 2019 Consolidated Statement of Net Income. The following summarizes the activity in the restructuring accrual: (dollars in thousands) 2020 2019 Beginning balance $ 124 $ — Accrual established in fiscal 2019 — 451 Payments (54 ) (538 ) Adjustments (70 ) 211 Ending balance $ — $ 124 The above restructuring accrual pertains to employee termination benefits that were associated with this restructuring plan described above.

Lines of Credit and Paycheck Pr

Lines of Credit and Paycheck Protection Plan Loan	12 Months Ended
	May 03, 2020
Debt Disclosure [Abstract]
Lines of Credit and Paycheck Protection Plan Loan	13. LINES OF CREDIT AND PAYCHECK PROTECTION PLAN LOAN Revolving Credit Agreement – United States Overall At April 28, 2019, our Credit Agreement with Wells Fargo Bank, N.A. (“Wells Fargo”) provided for a revolving loan commitment of $25 million, was set to expire on August 15, 2020, and allows us to issue letters of credit not to exceed $1 million. 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. Interest was charged at a rate (applicable interest rate of 1.75% and 3.93% at May 3, 2020 and April 28, 2019, respectively) as a variable spread over LIBOR based on our ratio of debt to EBITDA. At May 3, 2020 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. As a result, we have $750,000 remaining for the issuance of additional letters of credit. As a result of the COVID-19 global pandemic and the uncertainty relating to the unknown duration and overall effect on the company, we proactively took a precautionary measure and borrowed the maximum amount available from our line of credit during the fourth quarter of fiscal 2020. As of May 3, 2020, there were outstanding borrowings of $29.8 million under the Credit Agreement, which have since been repaid during June 2020. There were no borrowings outstanding under the Credit Agreement at April 28, 2019. Sixth Amendment to the Credit Agreement Effective March 27, 2020, we entered into a Sixth Amendment to our Credit Agreement which includes provisions that (i) increased the amount available from our line of credit from $25 million to $30 million; (ii) extended the expiration date to August 15, 2022; (iii) reduced the amount of the Unencumbered Liquid Assets maintenance covenant from $15 million to $10 million; (iv) increased the maximum company debt to EBITDA ratio to 3.00; (v) amended the pricing matrix that provides interest payable on obligations under the agreement as a variable spread over LIBOR, based on the company’s ratio of debt to EBITDA, to add a fourth price level for a ratio of debt to EBITDA that is greater than or equal to 2.25 to 1.00 but less than 3.00 to 1.00; (vi) added a new interest coverage covenant to establish a minimum EBITDA to interest expense ratio of not less than 3.00 to 1.00. Seventh Amendment to the Credit Agreement Effective June 30, 2020, we entered into a Seventh Amendment to our Credit Agreement which includes provisions that (i) modify the method for calculating the company’s debt to EBITDA covenant under the Credit Agreement solely during the temporary period beginning on the date of the Seventh Amendment and ending on the Rate Determination Date (as defined in the Credit Agreement), next following the end of the company’s fiscal 2021 fourth quarter (such temporary period, the “Modification Period,”), and (ii) amend the pricing matrix used to determine the interest rate payable on loans made under the Credit Agreement solely during the Modification Period. Specifically, the Seventh Amendment provides that during Modification Period, the company’s ratio of debt to EBITDA shall be determined by excluding the fourth quarter of fiscal 2020 from the calculation thereof, such that the ratio shall be determined using the four most recent quarterly periods other than (i.e. excluding) the fourth quarter of fiscal 2020, rather than calculating on a rolling four-quarter basis. It further provides that during the Modification Period, the Applicable Margin (as defined in the Credit Agreement) set forth the pricing matrix is increased to 1.6% for price level I, 2.05% for price level II, 2.5% for price level III, and 3.00% for price level IV. Additionally, the Seventh Amendment (i) changes the capital expenditure covenant by reducing permitted annual capital expenditures to $10 million during fiscal year 2021, (ii) changes the liens and other indebtedness covenant to reduce the permitted amount of allowable liens and other indebtedness to 5% of consolidated net worth, and (iii) adds a new covenant that prohibits the company, solely during the Modification Period, from paying dividends or repurchasing stock in excess of $10 million in the aggregate during the Modification Period. 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 ($5.7 million USD at May 3, 2020). Interest is charged at a rate (applicable interest rate of 2.41% at May 3, 2020) determined by the Chinese government and is set to expire on December 4, 2020. As of May 3, 2020, there were outstanding borrowings totaling $1.0 million which have since been repaid during June 2020. There were no outstanding borrowings as of April 28, 2019. Small Business Administration - Paycheck Protection Program On April 15, 2020, we received a loan of $7.6 million (the “Loan”) pursuant to the U.S. Small Business Administration (the “SBA”) Paycheck Protection Program (the “PPP”) of the Coronavirus Aid, Relief and Economic Security Act of 2020 (the “CARES Act”). We planned to use the proceeds from the Loan for covered payroll costs, rent, and utilities in accordance with the applicable terms and conditions of the CARES Act. We believed the Loan would enable us to retain more of our employees, maintain payroll and benefits, and make lease and utility payments while producing and supplying critical products for essential businesses during the COVID-19 global pandemic. Following our application and receipt of the Loan, the SBA and U.S. Treasury Department issued new guidance regarding eligibility requirements under the PPP, raising questions regarding the eligibility of publicly traded companies to receive loans under the program. As a result, out of an abundance of caution, we voluntarily repaid the Loan in full on May 13, 2020. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of May 3, 2020, we were in compliance with our financial covenants Interest paid during fiscal years 2020, 2019, and 2018 were $124,000, $54,000, and $181,000, respectively.

Income Taxes

Income Taxes	12 Months Ended
	May 03, 2020
Income Tax Disclosure [Abstract]
Income Taxes	14. INCOME TAXES Income Tax Expense and Effective Income Tax Rate Total income tax expense was allocated as follows: (dollars in thousands) 2020 2019 2018 (loss) income from continuing operations $ 3,354 $ 6,537 $ 5,740 loss from discontinued operations (68 ) (113 ) — $ 3,286 $ 6,424 $ 5,740 Income tax expense attributable to income from continuing operations consists of: (dollars in thousands) 2020 2019 2018 current federal $ — (1,492 ) (1,367 ) state 7 27 9 2017 Tax Cuts and Jobs Act — (282 ) 4,854 foreign 4,248 6,144 4,726 uncertain income tax positions 725 — — 4,980 4,397 8,222 deferred federal (1,875 ) 3,236 4,295 state (103 ) (96 ) 112 2017 Tax Cuts and Jobs Act (1) — (268 ) (6,903 ) undistributed earnings – foreign subsidiaries (114 ) 3,735 (195 ) U.S. Federal & State carryforwards and credits (1,307 ) 74 — uncertain income tax positions (380 ) — — foreign (247 ) (85 ) 93 valuation allowance (1) 2,400 (4,456 ) 116 (1,626 ) 2,140 (2,482 ) $ 3,354 6,537 5,740 (1) The income tax benefit of $6,903 recorded during fiscal 2018 included a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that were not more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. The $4.5 million income charge for the write-off of certain U.S. foreign tax credits is included in the undistributed earnings – foreign subsidiaries income tax expense amount of $3,735. (Loss) income before income taxes from continuing operations related to our foreign and U.S. operations consists of: (dollars in thousands) 2020 2019 2018 Foreign China $ 8,316 9,899 11,036 Canada (1,391 ) 5,488 5,985 Cayman Islands (6 ) 280 339 Total Foreign 6,919 15,667 17,360 United States (14,598 ) (2,945 ) 9,523 $ (7,679 ) 12,722 26,883 The following schedule summarizes the principal differences between the income tax expense from continuing operations at the federal income tax rate and the effective income tax rate from continuing operations reflected in the consolidated financial statements: 2020 2019 2018 federal income tax rate 21.0 % 21.0 % 30.4 % global intangible low taxed income tax (GILTI) (24.4 ) 16.9 — foreign tax rate differential (16.1 ) 13.0 3.7 income tax effects of impairment of nondeductible goodwill (11.3 ) — — uncertain income tax positions (4.8 ) 0.5 — income tax effects of Chinese foreign exchange gains and losses (5.0 ) 2.2 (2.8 ) write-off of U.S. foreign income tax credits — 35.1 — valuation allowance (1.6 ) (35.0 ) 0.4 income tax effects of the 2017 Tax Cuts and Jobs Act — (4.3 ) (7.6 ) Other (1.5 ) 2.0 (2.7 ) (43.7 )% 51.4 % 21.4 % Deferred Income Taxes - Overall The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following: (dollars in thousands) 2020 2019 deferred tax assets: accounts receivable $ 263 282 Inventories 2,280 1,591 Compensation 1,970 1,973 liabilities and other 166 284 intangible assets and goodwill 856 — property, plant, and equipment (1) 185 193 operating lease liability 671 — foreign income tax credits - U.S. 783 1,252 loss carryforwards – U.S. 4,137 2,360 valuation allowances (3,148 ) (748 ) total deferred tax assets 8,163 7,187 deferred tax liabilities: undistributed earnings on foreign subsidiaries (3,409 ) (3,523 ) unrecognized tax benefits – U.S. — (380 ) property, plant and equipment (2) (5,008 ) (4,710 ) right of use asset (690 ) — Goodwill — (1,203 ) Other (81 ) (90 ) total deferred tax liabilities (9,188 ) (9,906 ) Net deferred liabilities $ (1,025 ) (2,719 ) (1) Pertains to the company’s operations located in China. (2) Pertains to the company’s operations located in the U.S. and Canada. At May 3, 2020, our U.S. federal net operating loss carryforwards totaled $4.4 million with related future income tax benefits of $925,000 In accordance with the 2017 Tax Cuts and Jobs Act (“TCJA”), U.S. federal net operating loss carryforwards generated in fiscal 2019 and after do not expire. All our U.S. federal net operating loss carryforwards were generated prior to fiscal 2019 and have expiration dates ranging from fiscal years 2027 through 2036. At May 3, 2020, our U.S. state net operating loss carryforwards totaled $51.9 million with related future income tax benefits of $931,000. Our U.S. state net operating loss carryforwards totaling $51.9 million have expiration dates ranging from fiscal years 2021 through 2040. Our U.S. foreign income tax credits of $783,000 will expire 10 years from when the associated earnings and profits from our foreign subsidiaries are repatriated to the U.S. 2017 Tax Cuts and Jobs Act On December 22, 2017 (the “Enactment Date”), TCJA was signed into law. TCJA contained significant changes to corporate taxation, including (i) the reduction of the corporate income tax rate to 21%, (ii) the acceleration of expensing certain business assets, (iii) a one-time mandatory repatriation tax (the “Transition Tax”) related to the transition of U.S. international tax from a worldwide tax system to a territorial tax system, (iv) limitations on the use of foreign tax credits to reduce the U.S. income tax liability, (v) the repeal of the domestic production activities deduction, (vi) additional limitations on the deductibility of interest expense and executive compensation, and (vii) the creation of the Global Intangible Low Taxed Income (“GILTI”) tax. The corporate income tax rate reduction was effective as of January 1, 2018. Since we have a fiscal year rather than a calendar year, we were subject to IRS rules relating to transitional income tax rates for fiscal 2018. As a result, our fiscal 2018 U.S. federal income tax rate was a blended income tax rate of 30.4% compared with a fully reduced U.S. federal income tax rate of 21.0% during fiscal 2019 and 2020. The re-measurement of our U.S. deferred income tax balances to the new U.S. federal corporate income tax rate and the determination of the income tax effects of the Transition Tax on our accumulated earnings and profits associated with our foreign subsidiaries were components of the TCJA that significantly affected our financial statements during fiscal 2019 and 2018. In order to determine the effects of the new U.S. federal corporate income tax rate on our U.S. deferred income tax balances during fiscal 2019 and 2018, ASC Topic 740 “Income Taxes” (ASC Topic 740), requires the re-measurement of our U.S. deferred income tax balances as of the Enactment Date of TCJA, based on income tax rates at which our U.S. deferred income tax balances are expected to reverse in the future. As a result, we recorded an income tax charge of $2.2 million for the re-measurement of our U.S. net deferred income taxes during fiscal 2018. During the third quarter of fiscal 2019, we completed our assessment of the remeasurement of our U.S. deferred income tax balances and recorded an income tax benefit of $268,000. The Transition Tax was based on our total post-1986 foreign earnings and profits (“E&P”) that were previously deferred from U.S. income tax and applicable income tax rates associated with E&P held in cash and other specified assets (the “aggregate foreign cash position”). Also, E&P was not permanently reinvested prior to the TCJA. As a result, we recorded an income tax benefit of $4.3 million for the income tax effects of the Transition Tax during fiscal 2018. This $4.3 million income tax benefit related to an income tax benefit of $18.0 million for the release of deferred income tax liabilities related to E&P, an income tax benefit of $11.7 million related to the reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement of an IRS exam related to E&P, partially offset by an income tax charge for the write-off and the establishment of a valuation allowance against our unused foreign tax credits totaling $25.4 million. During the third quarter of fiscal 2019, we completed our assessment of the income tax effects of the Transition Tax and recorded an income tax benefit of $282,000. Additionally, we elected to pay the Transition Tax over a period of eight years in accordance with the TCJA. GILTI In addition to the above components of the TJCA, GILTI was effective during fiscal 2019. Our policy to account for GILTI is to expense this tax in the period incurred. As a result, we recorded income tax charges of $1.9 million and $2.1 million during fiscal 2020 and 2019, respectively. On June 14, 2019, the U.S. Treasury released proposed regulations regarding the GILTI provisions of the U.S. income tax code. The proposed regulations contain a provision for an exclusion from treatment as GILTI if taxable income amounts are subject to a high rate of foreign income tax, as defined in the proposed regulations. If an entity were to qualify for the high-income tax exception, the high-taxed income earned that would be subject to GILTI and U.S. income tax may be excluded from U.S. income tax. However, since these regulations are in proposed form, an entity is not allowed to record an income tax benefit under these provisions until these regulations have been finalized. Deferred Income Taxes – Valuation Allowance Summary 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 May 3, 2020 and April 29, 2019, valuation allowances against our deferred income taxes pertain to the following jurisdictions: (dollars in thousands) May 3, 2020 April 28, 2019 U.S. capital loss carryforward $ 2,281 — U.S. state loss carryforwards and credits 867 666 U.S. foreign income tax credits — 82 $ 3,148 748 A summary of the change in the valuation allowances against our deferred income taxes follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 748 5,204 536 Write-off of deferred income taxes (1) — (4,544 ) — establishment of valuation allowance (1) (2) 2,281 — 4,550 change in estimate (3) 119 88 118 ending balance $ 3,148 748 5,204 (1) During fiscal 2018, we recorded an income tax charge of $4.6 million for the establishment of a valuation allowance associated with U.S. foreign tax credits that we believed were not more-likely-than not to be realized based on the provisions outlined in TCJA. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. (2) In connection with the sale of a discontinued operation that was treated as a partnership for income tax purposes, we generated a capital loss carryforward totaling $10.9 million with a related future income tax benefit of $2.3 million. Since capital losses can only be offset by capital gains, we established a full valuation allowance on this capital loss carryforward as we do not have capital assets that would generate capital gains that would utilize this carryforward. ( 3 ) Amounts pertain to a change in estimate of the recoverability of certain U.S. state loss carryforward balances as of the end of the respective prior fiscal year. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries 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. At May 3, 2020, we assessed the liquidity requirements of our U.S. parent company and determined that our undistributed earnings from our foreign subsidiaries would not be reinvested indefinitely and would be eventually distributed to our U.S. parent company. The conclusion reached from our assessment has been consistent with pior years. ASC Topic 740 requires that a deferred tax liability should be recorded for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. 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. During fiscal 2018, TCJA imposed a Transition Tax on our undistributed E&P associated with our foreign subsidiaries. TCJA required us to determine E&P as of November 2, 2017 and December 31, 2017 (the “Measurement Dates”), in which the greater E&P amount of the Measurement Dates is subject to the Transition Tax. As a result, we had E&P prior to participation exemption totaling $157.1 million subject to the Transition Tax and $43.2 million of foreign tax credits that could be used to reduce the Transition Tax subject to certain limitations as defined in TCJA. For fiscal 2019 and beyond, TCJA allows a U.S. corporation a 100% dividend received deduction for E&P received from a 10% owned foreign corporation. Therefore, a deferred tax liability will only be required for withholding taxes that are incurred by our foreign subsidiaries at the time E&P is distributed. As a result, we recorded a deferred tax liability for withholding taxes on undistributed E&P from our foreign subsidiaries totaling $3.4 million and $3.5 million at May 3, 2020 and April 28, 2019, respectively. Uncertainty in Income Taxes Overall 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 benefit will be recorded at that time. The following table sets forth the change in the company’s unrecognized income tax benefit: (dollars in thousands) 2020 2019 2018 beginning balance $ 903 844 12,245 increases from prior period tax positions 106 135 350 decreases from prior period tax positions (1) (85 ) (76 ) (11,751 ) increases from current period tax positions 434 — — decreases from current period tax positions (89 ) — — ending balance $ 1,269 903 844 (1) The $11.8 million reduction in our unrecognized income tax benefits during fiscal 2018 is mostly associated with the reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement of an IRS exam. At May 3, 2020, we had $1.3 million of total gross unrecognized tax benefits, of which $1.3 million would favorably affect the income tax rate in future periods. At April 28, 2019, we had $903,000 of total gross unrecognized tax benefits, of which $523,000 would favorably affect the income tax rate in future periods. At May 3, 2020, we had $1.3 million of total gross unrecognized tax benefits, of which $1.3 million were classified as income taxes payable-long-term in the accompanying Consolidated Balance Sheets. At April 28, 2019, we had $903,000 of total gross unrecognized tax benefits, of which $380,000 and $523,000 were classified as non-current deferred income taxes and income taxes payable- long-term, respectively, in the accompanying Consolidated Balance Sheets. We elected to classify interest and penalties as part of income tax expense. At May 3, 2020, and April 28, 2019, the gross amount of interest and penalties due to unrecognized tax benefits was $103,000 and $97,000, respectively. Our gross unrecognized income tax benefit of $1.3 million at May 3, 2020, 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. United States federal income tax returns filed by us remain subject to examination for income tax years 2017 and subsequent. Canadian federal income tax returns filed by us remain subject to examination for income tax years 2016 and subsequent. Canadian provincial (Quebec) income tax returns filed by us remain subject to examination for income tax years 2017 and subsequent. Income tax returns associated with our operations located in China are subject to examination for income tax year 2015 and subsequent. Income Tax Exams Currently, we are not under examination for any open income tax years in any of our income tax paying jurisdictions located in the United States, China, and Canada. During the third quarter of fiscal 2017, Revenue Quebec commenced an examination of our Canadian provincial (Quebec) income tax returns for fiscal years 2013 through 2015. This examination was completed during the fourth quarter of fiscal 2018 with final adjustments totaling $4,000. During the fourth quarter of fiscal 2016, the Internal Revenue Service commenced and examination of our U.S. Federal income tax returns for fiscal years 2014 through 2016. This examination was effectively settled during the fourth quarter of fiscal 2018 with no adjustment. Income Taxes Paid Income tax payments, net of income tax refunds, were $5.0 million, $6.7 million, and $4.0 million during fiscal years 2020, 2019, and 2018, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	May 03, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. COMMITMENTS AND CONTINGENCIES Leases Balance Sheet The right of use asset and lease liabilities associated with our operating leases as of May 3, 2020, and April 29, 2019, are as follows: (dollars in thousands) May 3, 2020 (1) April 29, 2019 Right of use asset $ 3,903 $ 7,191 Operating lease liability - current 1,805 2,629 Operating lease liability – noncurrent 2,016 4,473 (1) Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020. Supplemental Cash Flow Information (dollars in thousands) 2020 Operating lease liability payments $ 2,524 Right of use assets exchanged for lease liabilities 344 During fiscal 2020, operating lease costs associated with continuing operations were $2.6 million, short-term lease costs were $148,000, and variable lease costs were immaterial. During fiscal 2020, operating lease costs totaling $204,000 were associated with our former home accessories segmented and were presented within loss from discontinued operations on the Fiscal 2020 Consolidated Statement of Net Loss. As of May 3, 2020, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 2.98 years Weighted average discount rate 3.60 % Other Information Maturity of our operating lease liabilities for the next five fiscal years, and thereafter follows: (dollars in thousands) 2021 $ 1,831 2022 978 2023 541 2024 432 2025 253 Thereafter — 4,035 Less: interest (214 ) Present value of lease liabilities $ 3,821 Lease Modifications After May 3, 2020, we entered into agreements that extend the lease term for two buildings associated with our China operations through December 2024 and require monthly payments ranging from $20,000 to $30,000 during the lease term. As a result, we will record an increase of $2.6 million was recorded to right of use assets and lease liabilities Also, we entered into a new agreement to lease a warehouse associated with our Canadian operation for a term of 3 years that is set to expire in June 2023 and requires monthly payments of approximately $21,000. As a result, an increase of $550,000 was recorded to right of use assets and lease liabilities Related Party Lease We lease a plant facility associated with our mattress fabrics segment from a partnership owned by an immediate family member of an officer. Currently, this facility is being leased on a month to month basis at an amount of $13,100 per month. Rents paid to this entity owned by an immediate family of an officer totaled $157,000, $158,000, $156,000 in fiscal 2020, 2019, and 2018, respectively. Other 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 May 3, 2020, we had total amounts due regarding capital expenditures totaling $107,000, which pertained to outstanding vendor invoices, none of which were financed. At April 28, 2019, we had total amounts due regarding capital expenditures associated with continuing operations totaling $68,000, which pertained to outstanding vendor invoices, none of which were financed. Purchase Commitments - Capital Expenditures At May 3, 2020, we had open purchase commitments to acquire equipment for our U.S. and Canadian mattress fabrics operations totaling $2.2 million.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	May 03, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	16. STOCK-BASED COMPENSATION Equity Incentive Plan Description On September 16, 2015, our shareholders approved an equity incentive plan titled the Culp, Inc. 2015 Equity Incentive Plan (the “2015 Plan”). The 2015 Plan authorizes the grant of stock options intended to qualify as incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance 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 May 3, 2020, there were 690,163 shares available for future equity-based grants under the company’s 2015 Plan. Stock Options The following tables summarize stock option activity during fiscal 2020, 2019, and 2018: 2020 2019 2018 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price outstanding at beginning of year — $ — — $ — 15,600 $ 7.14 exercised — — — — (15,600 ) 7.14 outstanding at end of year — — — — — — At May 3, 2020, there were no options for shares of common stock outstanding and exercisable. Therefore, there was no unrecognized compensation cost related to incentive stock option awards at May 3, 2020. No compensation expense was recorded for incentive or non-qualified stock options during fiscal 2020, 2019, and 2018, respectively. The aggregate intrinsic value for options exercised during fiscal 2018 was $393,000. Time-Based Restricted Stock Awards The following table summarizes the time-based restricted stock unit activity during fiscal years 2020, 2019, and 2018: 2020 2019 2018 Shares Shares Shares outstanding at beginning of year 10,000 1,200 1,200 granted 34,399 10,000 1,200 vested — (1,200 ) (1,200 ) outstanding at end of year 44,399 10,000 1,200 The following table summarizes information related to our grants of time-based restricted stock unit awards associated with certain senior executives and key members of management during fiscal years 2020, 2019 and 2018: (1) Restricted Price Vesting Date of Grant Stock Awarded Per Share Period July 18, 2019 34,399 $ 18.49 3 years August 2, 2018 10,000 $ 24.35 5 years June 13, 2017 1,200 $ 32.50 1 year (1) Price per share represents closing price of our 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 fiscal 2020, 2019, and 2018: Common (1) (2) Stock Shares Weighted Average Price Per Fiscal Year Vested Fair Value Share Fiscal 2020 — $ — $ — Fiscal 2019 1,200 $ 21 $ 17.36 Fiscal 2018 1,200 $ 37 $ 30.90 (1) Dollar amounts are in thousands. (2) Price per share represents closing price of our common stock on the date the respective award vested. Overall We recorded compensation expense of $220,000, $43,000, and $38,000 within selling, general, and administrative expense for time vested restricted stock units in fiscal 2020, 2019, and 2018, respectively. At May 3, 2020, the remaining unrecognized compensation cost related to our time vested restricted stock units were $622,000, which is expected to be recognized over a weighted average vesting period of 2.4 years. At May 3, 2020, our time vested restricted stock unit awards that were expected to vest had a fair value totaling $307,000. Performance Based Restricted Stock Units Senior Executives 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 for share-based awards is measured based on the fair market value on the date of grant. The fair market value per share was determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock for the performance-based component. The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on the grant dates of July 18, 2019, August 2, 2018, and July 13, 2017: July 18, August 2, July 13, 2019 2018 2017 Closing price of our common stock $ 18.49 $ 24.35 $ 32.50 Expected volatility of our common stock 30.0 % 33.5 % 31.0 % Expected volatility of peer companies (1) (2) 29.9% - 82.3% 16.0 % 16.5 % Risk-free interest rate 1.73 % 2.74 % 1.56 % Dividend yield 2.10 % 1.35 % 1.66 % Correlation coefficient of peer companies (1) (2) 0.00 - 0.43 0.47 0.46 (1) The expected volatility and correlation coefficient of our peer companies for fiscal 2020 were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group. (2) The expected volatility and correlation coefficient of our peer companies for fiscal 2019 and 2018 were based on the Russell 2000 Index, which was approved by the Compensation Committee of our board of directors as the benchmark for determining the market-based total shareholder return component. Since the Russell 2000 Index was the only benchmark for determining the market-based total shareholder return component, no ranges were disclosed for these assumptions. 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-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. Overall The following table summarizes information related to our grants of performance based restricted stock units associated with certain senior executives and key employees that were unvested at May 3, 2020: (4) (3) Restricted Stock Restricted Stock Units Expected Price Per Vesting Date of Grant Units Awarded to Vest Share Period July 18, 2019 (1) 93,653 — $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 — $ 18.49 (8) 3 years August 2, 2018 (1) 86,599 — $ 18.51 (6) 3 years August 2, 2018 (2) 47,800 — $ 24.35 (8) 3 years July 13, 2017 (1) 60,504 3,277 $ 31.85 (7) 3 years July 13, 2017 (2) 37,600 4,365 $ 32.50 (8) 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) Compensation cost is based on an assessment each reporting period of the probability that certain performance goals will be met and in turn, the number of shares that are expected to be awarded during the vesting period. These amounts represent the number of shares that are expected to vest based on our assessment as of May 3, 2020. (5) Price per share represents the fair market value per share ($1.03 per $1 or an increase of $0.55 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($18.49) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on July 18, 2019. ( 6 ) 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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. ( 7 ) 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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on July 13, 2017. ( 8 ) 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 fiscal 2020, 2019, and 2018: (3) Common Weighted Weighted Stock Shares Average Average Price Fiscal Year Vested Fair Value Per Share Fiscal 2020 (1) 11,351 $ 197 $ 17.36 (4) Fiscal 2020 (2) 4,961 $ 86 $ 17.36 (4) Fiscal 2019 (1) 128,632 $ 3,754 $ 29.19 (4) Fiscal 2019 (2) 10,364 $ 320 $ 30.90 (4) Fiscal 2018 (1) 102,845 $ 3,342 $ 32.50 (4) Fiscal 2018 (2) 16,000 $ 520 $ 32.50 (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. We recorded a charge or a (credit) to compensation expense totaling $114,000, $(53,000), and $2.0 million within selling, general, and administrative expense associated with our performance based restricted stock units for fiscal years 2020, 2019, and 2018, respectively. At May 3, 2020, the remaining unrecognized compensation cost related to the performance based restricted stock units was $11,000, which is expected to be recognized over a weighted average vesting period of 0.2 years. At May 3, 2020, our performance based restricted stock units that are expected to vest had a fair value totaling $53,000. Common Stock Awards The following table summarizes information related to our grants of common stock to our outside directors during fiscal 2020, 2019, and 2018: Common (1) Stock Price Per Vesting Date of Grant Awarded Share Period April 1, 2020 - Fiscal 2020 10,511 $ 6.66 Immediate January 2, 2020 - Fiscal 2020 4,972 $ 14.08 Immediate October 1, 2019 - Fiscal 2020 4,519 $ 15.49 Immediate July 1, 2019 - Fiscal 2020 3,659 $ 19.21 Immediate April 1, 2019 - Fiscal 2019 2,948 $ 19.18 Immediate October 1, 2018 - Fiscal 2019 3,600 $ 23.45 Immediate October 2, 2017 - Fiscal 2018 4,800 $ 33.20 Immediate (1) Price per share represents closing price of our common stock on the date of grant. We recorded $280,000, $140,000, and $159,000, of compensation expense within selling, general, and administrative expense for these common stock awards for fiscal 2020, 2019, and 2018, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	May 03, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	17. 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. The determination of where an asset or liability falls in the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter based on various factors and it is possible that an asset or liability may be classified differently from quarter to quarter. However, we expect that changes in classifications between different levels will be rare. Recurring Basis – Continuing Operations The following tables present information about assets and liabilities measured at fair value on a recurring basis: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 7,496 N/A N/A $ 7,496 Short Term Bond Funds 923 N/A N/A 923 Growth Allocation Fund 219 N/A N/A 219 Moderate Allocation Fund 63 N/A N/A 63 Other 56 N/A N/A 56 Fair value measurements at April 28, 2019 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 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 Recurring Basis – Discontinued Operations There were no assets and liabilities measured at fair value on a recurring basis related to our discontinued operation as of May 3, 2020 and April 28, 2019, respectively. Nonrecurring Basis – Continuing Operations The following table presents information about assets and liabilities measured at fair value on a nonrecurring basis related to continuing operations as of May 3, 2020: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill N/A N/A $ — $ — Tradename N/A N/A 540 540 Goodwill was recorded at fair market value using a discounted cash flow method that used significant unobservable inputs and was classified as level 3. See Note 9 of the consolidated financial statements for further details regarding our assessment of impairment, conclusions reached, and the performance of our quantitative impairment tests. Tradename was recorded at fair market value using the relief from royalty method that used significant unobservable inputs and was classified as level 3. See Note 8 of the consolidated financial statements for further details regarding our assessment of impairment, conclusions reached, and the performance of our quantitative impairment test. Nonrecurring Basis – Discontinued Operation The following table presents information about assets and liabilities measured at fair value on a nonrecurring basis related to discontinued operations as of May 3, 2020: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill - discontinued operation N/A N/A N/A N/A Tradename - discontinued operation N/A N/A N/A N/A Liabilities: Contingent Consideration affiliated with discontinued operation N/A N/A N/A N/A Goodwill Goodwill was assessed for impairment at the end of our third quarter and during our fourth quarter of fiscal 2020. At the end of the third quarter of fiscal 2020, goodwill was recorded at fair market value using a discounted cash flow method that used significant unobservable inputs and was classified as level 3. During the fourth quarter of fiscal 2020, goodwill was recorded at fair market value See Note 9 of the notes to the consolidated financial statements for further details regarding our assessment of impairment, conclusions reached, and the performance of our quantitative impairment tests. Tradename Tradename was assessed for impairment at the end of our third quarter and during our fourth quarter of fiscal 2020. At the end of the third quarter of fiscal 2020, tradename was recorded at fair market value using the relief from royalty method that used significant unobservable inputs and was classified as level 3. During the fourth quarter of fiscal 2020, tradename was recorded at fair market value See Note 8 of the consolidated financial statements for further details regarding our assessment of impairment, conclusions reached, and the performance of our quantitative impairment test. Contingent Consideration We were required to assess the fair value of the earn-out obligation associated with the purchase of eLuxury each quarterly reporting period. Based on management’s assessment as of the end of our third quarter of fiscal 2020 (February 2, 2020), we determined it was necessary to adjust the forecasted EBITDA as it relates to this earn-out obligation. This determination was based on the future outlook of our former home accessories segment and its slower than expected business improvement, as well as updated assumptions on economic conditions in the e-commerce space, combined with the upcoming timeframe for determining the amount associated with this contingent consideration arrangement. As a result of these factors, we recorded a reversal of $6.1 million for the full amount of the earn-out obligation at the end of our third quarter of fiscal 2020. See Note 3 of the consolidated financial statements for further details regarding the terms of this contingent consideration arrangement. As of April 28, 2019, we did not have any assets or liabilities that were required to be measured at fair value on a nonrecurring basis except for the assets acquired and certain liabilities assumed in the connection with the eLuxury business combination on June 22, 2018, that were acquired at fair value. See Note 3 of the consolidated financial statements for further details regarding the acquisition of eLuxury and subsequent disposal effective March 31, 2020. Fair value measurements at April 28, 2019 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill - discontinued operation N/A N/A $ 13,653 $ 13,653 Tradename - discontinued operation N/A N/A 6,549 6,549 Equipment - discontinued operation N/A N/A 2,179 2,179 Inventory - discontinued operation N/A N/A 1,804 1,804 Liabilities: Contingent consideration affiliated with a discontinued operation N/A N/A 5,856 5,856 The tradename was recorded at fair market value using the royalty from relief method that used significant unobservable inputs and was classified as level 3. The contingent consideration – earn-out obligation was recorded at fair market value using Black Sholes pricing model which used significant observable inputs and was classified as level 3. 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 of the consolidated financial statements for the final allocation of the acquisition cost to the assets acquired and liabilities assumed based on their fair values.

Derivatives

Derivatives	12 Months Ended
	May 03, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	18. DERIVATIVES During the fourth quarter of fiscal 2018, we entered into a EURO foreign exchange contract to mitigate the risk of foreign exchange rate fluctuations associated with certain capital expenditures. The contract effectively converted our EURO capital expenditures at a fixed EURO foreign exchange rate compared with the United States dollar of 1.263. This contract expired during the first quarter of fiscal 2019. In accordance with the provisions of ASC Topic 815, Derivatives and Hedging, our EURO foreign exchange contract was designated as a cash flow hedge, with the fair value of these financial instruments recorded in accrued expenses and changes in fair value recorded in accumulated other comprehensive income (loss). ASC Topic 815 requires disclosure of gains and losses on derivative instruments in the following tabular format. (Amounts in Thousands) Fair Values of Derivative Instruments May 3, 2020 April 28, 2019 Derivatives designated as hedging instruments under ASC Topic 815 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Euro Foreign Exchange Contract N/A $ — Accrued Expense $ — Derivatives in ASC Topic 815 Net Investment Hedging Relationships Amt of Gain (Loss) (net of tax) Recognized in OCI on Derivative (Effective Portion) and recorded in Accrued Expenses at Fair Value Location of Gain or (Loss) Reclassified from Accumulated OCI into Income Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Amount of Gain (loss) (net of tax) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) 2020 2019 2018 (Effective Portion) 2020 2019 2018 Effectiveness Testing) 2020 2019 2018 EURO Foreign Exchange Contract $ — $ 55 $ (55 ) Other Exp $ — $ (64 ) $ — Other Exp $ — $ — $ —

Net (Loss) Income from Continui

Net (Loss) Income from Continuing Operations Per Share	12 Months Ended
	May 03, 2020
Earnings Per Share [Abstract]
Net (Loss) Income from Continuing Operations Per Share	19. NET (LOSS) INCOME FROM CONTINUING OPERATIONS PER SHARE Basic net (loss) income from continuing operations per share is computed using the weighted-average number of shares outstanding during the period. Diluted net (loss) income from continuing operations per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net (loss) income from continuing operations per share are as follows: (in thousands) 2020 2019 2018 weighted-average common shares outstanding, basic 12,378 12,462 12,431 dilutive effect of stock-based compensation — 86 202 weighted-average common shares outstanding, diluted 12,378 12,548 12,633 As of May 3, 2020, April 28, 2019, and April 29, 2018, there were no options outstanding to purchase shares of our common stock. Therefore, options to purchase shares of our common stock were not included in the computation of diluted net (loss) income from continuing operations per share during fiscal 2020 and 2019. However, we did have options to purchase shares of common stock during fiscal 2018 that were included in the computation of diluted net income from continuing operations per share, as the exercise price of the options was less than the average market price of common shares. During fiscal 2020, 19,388 shares of unvested common stock were not included in the computation of diluted net loss from continuing operations per share as their effect would be antidilutive. During fiscal 2020, 45,731 shares of unvested common stock were not included in the computation of diluted net loss from continuing operations per share, as we incurred a net loss for the fiscal year, in which their effect would be anti-diluted. During fiscal 2019 and 2018, all unvested shares of common stock were included in the computation of diluted net income from continuing operations per share.

Benefit Plans

Benefit Plans	12 Months Ended
	May 03, 2020
Postemployment Benefits [Abstract]
Benefit Plans	20. BENEFIT PLANS Defined Contribution Plans We have a defined contribution plans which cover substantially all employees and provide for participant contributions on a pre-tax basis and matching contributions by the company for its U.S. and Canadian operations. Our contributions to these plans were $1.2 million, $1.2 million, and $1.1 million during fiscal years 2020, 2019, and 2018, respectively. Deferred Compensation Plan We have a nonqualified deferred compensation plan (the “Plan”) covering senior executives and certain key members of management. The Plan provides for participant deferrals on a pre-tax basis that are subject to annual deferral limits by the IRS and non-elective contributions made by the company. Participant deferrals and non-elective contributions made by the company are immediately vested. Our contributions to the Plan were $185,000, $189,000, and $192,000 in fiscal years 2020, 2019, and 2018, respectively. Our nonqualified deferred compensation plan liability was $7.7 million and $7.0 million at May 3, 2020 and April 28, 2019, respectively. We have a Rabbi Trust (the “Trust”) to set aside funds for the participants of the Plan and that allows the participants to direct their contributions to various investment options in the Plan. The investment options of the Plan consist of a money market fund and various mutual funds. The funds set aside in the Trust are subject to the claims of our general creditors in the event of the company’s insolvency as defined in the Plan. The investment assets of the Trust are recorded at their fair value of $7.8 million and $7.1 million at May 3, 2020 and April 28, 2019, respectively. The investment assets of the Trust are classified as available for sale and accordingly, changes in their fair values are recorded in other comprehensive (loss) income.

Segment Information

Segment Information	12 Months Ended
	May 03, 2020
Segment Reporting [Abstract]
Segment Information	2 1 . SEGMENT INFORMATION Overall Continuing Operations Our continuing operations are classified into two business segments: mattress fabrics and upholstery fabrics. Mattress Fabrics The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. Upholstery Fabrics The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. Effective April 1, 2018, we acquired Read (see Note 2 of the consolidated financial statements for further details), 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. Discontinued Operation – Home Accessories Segment As disclosed in Note 3 of the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. Additionally, the results of operations associated with our home accessories segment were excluded from our continuing operations and presented as a discontinued operation in our consolidated financial statements. Our former home accessories segment was our finished products business that manufactured, sourced, and sold bedding accessories and home goods directly to consumers and businesses through global e-commerce, business-to-business, and other sales channels. See Note 3 of the consolidated financial statements for detailed financial information of our former home accessories segment. As disclosed in Note 3, a reconciliation is provided that has detailed balance sheet information as of March 31, 2020 (the disposal date) and April 28, 2019, that is reconciled to captions titled “current assets held for sale – discontinued operation”, “noncurrent assets held for sale – discontinued operation”, current liabilities held for sale – discontinued operation”, and “noncurrent liabilities held for sale – discontinued operation” presented in the Consolidated Balance Sheets as of May 3, 2020 and April 28, 2019, respectively. Also, a reconciliation is provided that pertains to detailed income statement information disclosed in Note 3 and is reconciled to net loss from discontinued operation presented in the Consolidated Statements of Net (Loss) Income for fiscal years 2020, 2019, and 2018. Net Sales Geographic Concentration Net sales denominated in U.S. dollars accounted for 93%, 90% and 90% of total consolidated net sales in fiscal 2020, 2019, and 2018, respectively. International sales accounted for 26%, 26%, and 23% of net sales during fiscal 2020, 2019, and 2018, respectively, and are summarized by geographic area as follows: (dollars in thousands) 2020 2019 2018 north america (excluding USA) (1) $ 27,637 $ 29,247 $ 27,844 far east and asia (2) 36,470 39,277 40,671 all other areas 2,986 3,712 5,681 $ 67,093 $ 72,236 $ 74,196 (1) Of this amount, $21.7 million, $22.5 million, and $21.9 million are attributable to shipments to Mexico in fiscal 2020, 2019, and 2018, respectively. (2) Of this amount $21.4 million, $29.8 million, and $32.6 million are attributable to shipments to China in fiscal 2020, 2019, and 2018, respectively. Sales are attributed to individual countries based upon location that the company ships its products to for delivery to customers. Customer Concentration One customer within the upholstery fabrics segment represented 12%, 11%, and 12% of consolidated net sales in fiscal 2020, 2019 and 2018, respectively. No customers within the upholstery fabrics segment accounted for greater than 10% of the consolidated net accounts receivable balance as of May 3, 2020 or April 28, 2019. No customers within the mattress fabrics segment represented greater than 10% of consolidated net sales during fiscal 2020 or fiscal 2019. One customer within the mattress fabrics segment represented 13% of consolidated net sales during 2018. No customers within the mattress fabrics segment accounted for greater than 10% of the consolidated net accounts receivable balance as of May 3, 2020 or April 28, 2019. Employee Workforce Concentration The hourly employees at our manufacturing facility in Canada (approximately 12% of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expired on February 1, 2020. However, the provisions of this collective bargaining agreement remained in effect as negotiations for a new collective bargaining agreement were delayed due to government mandated shutdowns in response to the COVID-19 pandemic. A new collective bargaining agreement is expected to be executed during the first half of fiscal 2021. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good. Financial Information We evaluate the operating performance of our current business segments based upon income from operations before certain unallocated corporate expenses, restructuring expense (credit) and related charges, and other non-recurring items. Cost of sales in all of our current business segments include costs to manufacture, develop, 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 senior executives, all costs related with being a public company, and other miscellaneous expenses. Segment assets include assets used in operations of each segment and primarily consist of accounts receivable, inventories, and property, plant, and equipment. The mattress fabrics segment also includes in segment assets their investment in an unconsolidated joint venture. During fiscal 2019, we elected to no longer include goodwill and intangible assets 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. Statements of operations for our current operating segments are as follows: (dollars in thousands) 2020 2019 2018 net sales by segment: upholstery fabrics $ 124,754 135,654 131,128 mattress fabrics 131,412 145,671 192,597 total net sales $ 256,166 281,325 323,725 gross profit from continuing operations by segment: upholstery fabrics $ 24,220 25,373 25,836 mattress fabrics 16,278 22,904 38,797 total segment gross profit 40,498 48,277 64,633 other non-recurring charges (1) — (159 ) — restructuring related charges (2) — (2,349 ) — total gross profit from continuing operations $ 40,498 45,769 64,633 selling, general, and administrative expenses by segment: upholstery fabrics $ 14,353 14,551 14,881 mattress fabrics 11,354 11,296 12,935 unallocated corporate 8,717 6,838 9,356 total segment selling, general, and administrative expenses 34,424 32,685 37,172 other non-recurring charges (3) — 518 — restructuring related charges (4) — 40 — total selling, general, and administrative expenses $ 34,424 33,243 37,172 income (loss) from continuing operations: upholstery fabrics $ 9,867 10,823 10,956 mattress fabrics 4,924 11,607 25,861 unallocated corporate expenses (8,717 ) (6,838 ) (9,356 ) total segment income from continuing operations 6,074 15,592 27,461 asset impairments (7) (13,712 ) — — other non-recurring charges (1) (3) — (678 ) — restructuring credit and related charges (5) (6) 70 (1,563 ) — total (loss) income from continuing operations (7,568 ) 13,351 27,461 interest expense (106 ) (35 ) (94 ) interest income 897 789 534 other expense (902 ) (1,383 ) (1,018 ) (loss) income before income taxes from continuing operations $ (7,679 ) 12,722 26,883 (1) The $159 represents employee termination benefits and other operational reorganization costs associated with our mattress fabrics segment. (2) The $2.3 million represents a restructuring related charge of $1.6 million for inventory markdowns and $784 for other operating costs associated with our closed Anderson, SC upholstery fabrics facility. (3) The $518 represents a non-recurring charge of $429 for the accelerated vesting of certain stock-based compensation agreements associated with a senior executive and was recorded in unallocated corporate expenses. Additionally, the $518 includes $89 for employee termination benefits and operational reorganizational costs associated with our mattress fabrics segment. (4) The $40 represents a restructuring related charge for the accelerated vesting for certain stock-based compensation agreements associated with an employee that was located at our closed Anderson, SC upholstery fabrics facility. (5) The $1.6 million represent charges and credits that were associated our closed Anderson, SC upholstery fabrics facility and include $1.6 million for inventory markdowns, $784 for other operating costs, $661 for employee termination benefits, and $40 for the accelerated vesting of certain stock-based compensation agreements associated an employee, partially offset by a $1.5 million gain on the sale of property, plant, and equipment. (6) Of this total net charge, a charge of $2.3 million, a charge of $40, and a credit of $825 were recorded in cost of sales, selling, general, and administrative expenses, and restructuring credit, respectively, in the fiscal 2019 Consolidated Statement of Net Income. (7) During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively. Balance sheet information for our current operating segments follow: (dollars in thousands) May 3, 2020 April 28, 2019 segment assets mattress fabrics accounts receivable $ 12,212 $ 12,098 inventory 26,620 24,649 property, plant, and equipment 40,682 (1) 44,266 (2) right of use asset 362 (3) — investment in unconsolidated joint venture 1,602 1,508 total mattress fabrics assets 81,478 82,521 upholstery fabrics accounts receivable 12,881 11,274 inventory 21,287 22,915 property, plant, and equipment 1,633 (4) 1,795 (5) right of use asset 1,633 (6) — total upholstery fabrics assets 37,434 35,984 total segment assets 118,912 118,505 non-segment assets cash and cash equivalents 69,790 40,008 short-term investments – available for sale 923 — short-term investments – held-to-maturity 4,271 5,001 current income taxes receivable 1,585 776 current assets held for sale - discontinued operation — 3,707 deferred income taxes 793 457 other current assets 2,116 2,816 property, plant, and equipment (7) 832 419 right of use asset (8) 1,908 — goodwill — 13,569 intangible assets 3,380 3,899 long-term investments - held-to-maturity 2,076 — long-term investments - rabbi trust 7,834 7,081 noncurrent income taxes receivable — 733 long-term note receivable affiliated with discontinued operation — 830 other assets 664 643 noncurrent assets held for sale - discontinued operation — 22,112 total assets $ 215,084 $ 220,556 (dollars in thousands) 2020 2019 2018 capital expenditures (9): mattress fabrics $ 3,475 $ 2,526 $ 6,713 upholstery fabrics 348 382 488 discontinued operation 135 53 — unallocated corporate 675 14 238 total capital expenditures $ 4,633 $ 2,975 $ 7,439 depreciation expense mattress fabrics $ 6,712 $ 7,008 $ 6,850 upholstery fabrics 765 787 822 discontinued operation 350 322 — total depreciation expense $ 7,827 $ 8,117 $ 7,672 (1) The $40.7 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $27.7 million and located in Canada of $13.0 million. (2) The $44.3 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $32.4 million and located in Canada of $11.9 million. (3) The $362 at May 3, 2020, represents right of use assets located in the U.S. ( 4 ) The $1.6 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $471. ( 5 ) The $1.8 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $591. (6) The $1.6 million at May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively. ( 7 ) The $832 and $419 at May 3, 2020, and April 28, 2019, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (8) The $1.9 million at May 3, 2020, represents right of use assets located in the U.S. ( 9 ) Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

Statutory Reserves

Statutory Reserves	12 Months Ended
	May 03, 2020
Text Block [Abstract]
Statutory Reserves	22. STATUTORY RESERVES The company’s 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 May 3, 2020, the company’s statutory surplus reserve was $4.1 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. The company’s subsidiaries located in China can transfer funds to the parent company with the exception of the statutory surplus reserve of $4.1 million to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	12 Months Ended
	May 03, 2020
Text Block [Abstract]
Common Stock Repurchase Program	23. COMMON STOCK REPURCHASE PROGRAM 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. During fiscal 2020, we purchased 142,496 shares of our common stock at a cost of $1.7 million, leaving approximately $3.3. million available for future purchases of our common stock pursuant to the authorization approved by our board of directors on September 5, 2019. The board of directors subsequently approved an increase in the company’s share repurchase authorization back up to a total of $5.0 million in March 2020. However, as part of our comprehensive response to the COVID-19 pandemic, we announced on April 3, 2020 that our board of directors suspended the share repurchase program temporarily given the ongoing economic disruption and uncertainty. During fiscal 2019, we purchased 160,823 shares of our common stock at cost of $3.3 million, pursuant to the board authorization announced on June 15, 2016. During fiscal 2018, we did not purchase any shares of our common stock. At May 3, 2020, we had $5.0 million available for additional repurchases of our common stock.

Dividend Program

Dividend Program	12 Months Ended
	May 03, 2020
Text Block [Abstract]
Dividend Program	24. DIVIDEND PROGRAM On July 1, 2020, we announced that our board of directors approved a regular quarterly cash dividend payment of $0.105 per share. This payment will be made on or about July 17, 2020, to shareholders of record as of July 10, 2020. During fiscal 2020, dividend payments totaled $5.1 million, all of which represented quarterly dividend payments ranging from $0.10 to $0.105 per share. During fiscal 2019, dividend payments totaled $4.7 million, all of which represented quarterly dividend payments ranging from $0.09 to $0.10 per share. During fiscal 2018, dividend payments totaled $6.8 million, of which $2.6 million represented a special cash dividend payment of $0.21 per share, and $4.2 million represented our regular quarterly cash dividend payments ranging from $0.08 to $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. The Board will continue to evaluate the appropriateness of the current dividend in light of economic conditions and our performance in future quarters.

Selected Quarterly Data (Unaudi

Selected Quarterly Data (Unaudited)	12 Months Ended
	May 03, 2020
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Data (Unaudited)	SELECTED QUARTERLY DATA (UNAUDITED) fiscal 2020 fiscal 2020 fiscal 2020 fiscal 2020 fiscal 2019 fiscal 2019 fiscal 2019 fiscal 2019 (amounts in thousands except per share, ratios & fourth thjird second first fourth thjird second first other, stock data) quarter quarter quarter quarter quarter quarter quarter quarter INCOME STATEMENT DATA net sales $ 47,378 68,518 69,550 70,719 67,023 73,127 72,275 68,898 cost of sales (44,333 ) (56,998 ) (56,024 ) (58,307 ) (55,828 ) (60,054 ) (60,666 ) (58,998 ) gross profit from continuing operations 3,045 11,520 13,526 12,412 11,195 13,073 11,609 9,900 selling, general and administrative expenses (7,327 ) (8,831 ) (9,117 ) (9,149 ) (8,758 ) (8,677 ) (8,409 ) (7,397 ) asset impairments (13,712 ) — — — — — — — restructuring (credit) expense — 35 — 35 — 214 1,061 (451 ) (loss) income from continuing operations (17,994 ) 2,724 4,409 3,298 2,437 4,610 4,261 2,052 interest expense (84 ) — (21 ) — — — (14 ) (17 ) interest income 121 258 258 260 221 259 155 150 other expense (426 ) (282 ) (99 ) (95 ) (670 ) (294 ) (164 ) (254 ) (loss) income before income taxes from continuing operations (18,383 ) 2,700 4,547 3,463 1,988 4,575 4,238 1,931 income tax (expense) benefit (704 ) 973 (1,930 ) (1,692 ) (3,091 ) (1,274 ) (1,270 ) (906 ) (loss) income from investment in unconsolidated joint venture (65 ) (56 ) (16 ) 13 (5 ) 23 (55 ) (77 ) net (loss) income from continuing operations (19,152 ) 3,617 2,601 1,784 (1,108 ) 3,324 2,913 948 (loss) income before income taxes from discontinued operation (8,698 ) (7,824 ) (441 ) (621 ) (477 ) (313 ) 37 17 income tax benefit (expense) 25 — 32 11 74 49 (6 ) — net (loss) income from discontinued operation (8,673 ) (7,824 ) (409 ) (610 ) (403 ) (264 ) 31 17 net (loss) income $ (27,825 ) (4,207 ) 2,192 1,174 (1,511 ) 3,060 2,944 965 depreciation $ 1,946 1,987 1,988 1,905 2,030 2,031 2,041 2,015 weighted average shares outstanding 12,297 12,409 12,408 12,399 12,384 12,438 12,515 12,510 weighted average shares outstanding , assuming dilution 12,297 12,420 12,408 12,410 12,384 12,465 12,551 12,600 PER SHARE DATA net (loss) income from continuing operations per share - basic $ (1.56 ) 0.29 0.21 0.14 (0.09 ) 0.27 0.23 0.08 net (loss) income from continuing operations per share - diluted (1.56 ) 0.29 0.21 0.14 (0.09 ) 0.27 0.23 0.08 net (loss) income from discontinued operation per share - basic (0.71 ) (0.63 ) (0.03 ) (0.05 ) (0.03 ) (0.02 ) — — net (loss) income from discontinued operation per share - diluted (0.71 ) (0.63 ) (0.03 ) (0.05 ) (0.03 ) (0.02 ) — — net (loss) income per share - basic (2.26 ) (0.34 ) 0.18 0.09 (0.12 ) 0.25 0.24 0.08 net (loss) income per share - diluted (2.26 ) (0.34 ) 0.18 0.09 (0.12 ) 0.25 0.24 0.08 book value 10.56 12.93 13.01 12.91 12.91 13.16 13.04 12.90 BALANCE SHEET DATA operating working capital (3) $ 49,389 58,862 48,220 48,662 47,736 50,997 48,776 50,884 property, plant and equipment, net 43,147 44,652 45,221 45,475 46,479 48,144 49,243 51,037 total assets 215,084 212,140 233,522 226,247 220,556 225,738 223,041 227,122 capital expenditures 462 1,431 1,831 909 295 835 590 1,255 dividends paid 1,289 1,304 1,241 1,241 1,239 1,240 1,126 1,127 lines of credit and Paycheck Protection Program loan (1) 38,371 — — — — — — 4,000 shareholders' equity attributable to Culp Inc. 129,698 159,843 161,520 160,146 159,933 162,775 162,918 161,490 capital employed (2) 94,526 116,181 107,018 107,832 107,561 112,599 112,403 116,743 RATIOS & OTHER DATA gross profit margin from continuing operations 6.4% 16.8% 19.4% 17.6% 16.7% 17.9% 16.1% 14.4% operating income margin from continuing operations (38.0%) 4.0% 6.3% 4.7% 3.6% 6.3% 5.9% 3.0% net (loss) income margin from continuing operations (40.4%) 5.3% 3.7% 2.5% (1.7%) 4.5% 4.0% 1.4% effective income tax rate associated with continuing operations (3.8%) (36.0%) 42.4% 48.9% 155.5% 27.8% 30.0% 46.9% Debt-to-total capital employed ratio (1) (2) 40.6% 0% 0% 0% 0% 0% 0% 3.4% operating working capital turnover (3) 5.1 5.4 5.7 5.7 5.7 5.9 6.2 6.6 days sales in receivables 48 33 30 30 33 30 29 32 inventory turnover 3.5 4.3 4.5 4.9 4.5 5.1 5.1 4.4 STOCK DATA stock price high $ 12.93 16.92 17.49 21.08 21.06 23.84 27.78 32.05 low 5.87 12.35 13.09 16.41 17.05 18.06 21.04 23.90 close 6.91 12.63 15.35 17.39 20.74 18.47 22.31 24.75 daily average trading volume (shares) 75.9 41.6 31.4 23.5 35.6 43.3 29.8 27.0 (1) Debt represents outstanding borrowings on our lines of credit and the Paycheck Protection Program loan. (2) Capital employed does not include cash and cash equivalents, short-term investments-held-to-maturity, short-term investments-available for sale, long-term investments – rabbi trust, long-term investments-held-to-maturity, noncurrent deferred income tax assets and liabilities, current and noncurrent income taxes receivable and payable, lines of credit, Paycheck Protection Program loan, deferred compensation, and financial statement line items associated with our discontinued operation. (3) Operating working capital includes accounts receivable and inventories, less accounts payable-trade, accounts payable-capital expenditures, and deferred revenue.

General and Summary of Signif_2

General and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	May 03, 2020
Description of Business	Description of Business Continuing Operations Our continuing operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. We have wholly-owned mattress fabric operations located in Stokesdale, NC, High Point, NC, Quebec, Canada, and a fifty percent owned cut and sew mattress cover operation located in Haiti. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. We have wholly-owned upholstery fabric operations located in Shanghai, China, Burlington, NC, and a recently acquired business located in Knoxville, TN (see Note 2 of the consolidated financial statements for further details regarding this business combination). Discontinued Operation – Home Accessories Segment Effective June 22, 2018, we acquired an 80% ownership interest in eLuxury, LLC (“eLuxury”), a company that offers bedding accessories and home goods directly to consumers and businesses through its e-commerce platform. eLuxury’s financial information was included in our home accessories segment. Effective March 31, 2020, we sold our entire ownership interest in eLuxury to its noncontrolling interest holder as part of our comprehensive response to the challenging conditions arising from the COVID-19 global pandemic. As a result of this sale, our home accessories segment was eliminated at such time, and therefore its results of operations and assets and liabilities were excluded from our continuing operations and presented as a discontinued operation in our consolidated financial statements. See Note 3 of the consolidated financial statements for further details.
Basis of Presentation	Basis of Presentation The consolidated financial statements of the company have been prepared in accordance with U.S. generally accepted accounting principles.
Principles of Consolidation	Principles of Consolidation Overall The consolidated financial statements include the accounts of the company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The accounts of our subsidiaries located in Shanghai, China and Poznan, Poland are consolidated as of April 30, a calendar month end, which are required by the Chinese and Polish governments, respectively. No events occurred related to the difference between our fiscal year end on the Sunday closest to April 30 and our China and Polish subsidiaries year end of April 30 that materially affected the company’s financial position, results of operations, or cash flows for fiscal years 2020, 2019, and 2018. Investment in Unconsolidated Joint Venture Effective January 1, 2017, Culp International Holdings, Ltd. (Culp International), a wholly-owned subsidiary of Culp, Inc., entered into a joint venture agreement, pursuant to which Culp International owns fifty percent of CLASS International Holdings, Ltd (CLIH). Culp’s investment in CLIH will be accounted for under the equity method of accounting in accordance with ASC Topic 823 – Investments – Equity Method and Joint Ventures. If our carrying value in CLIH is reduced to zero, no further losses will be recorded in our consolidated financial statements. However, if CLIH subsequently reports income, we will not record our share of such income until it equals the amount of its share of losses previously recognized. Discontinued Operation – Home Accessories Segment Consolidation As a result of the fiscal 2019 acquisition of our 80% ownership interest in eLuxury, we previously included all the accounts of eLuxury in our consolidated financial statements and eliminated all significant intercompany balances and transactions. Net income (loss) attributable to the noncontrolling interest in eLuxury was excluded from net income (loss) attributable to Culp Inc. common shareholders. Substantive Profit-Sharing Provisions In connection with the fiscal 2019 acquisition of our 80% ownership in interest in eLuxury, we entered into an Equity Purchase Agreement (Equity Agreement) that contained substantive profit-sharing provisions which explicitly stated the ownership interests as of the acquisition date of June 22, 2018, and the allocation of net income or loss between us, as the controlling interest holder, and the noncontrolling interest holder. The Equity Agreement stated as of the acquisition date, we acquired an 80% ownership interest in eLuxury, with the seller retaining a 20% noncontrolling interest. Additionally, eLuxury’s net income or loss, future capital contributions and equity distributions were allocated at a percentage of 70% to or from us and 30% to or from the noncontrolling interest holder. Also, the Equity Agreement included certain loss limitations pursuant to which net losses allocated pursuant to the Equity Agreement would not exceed the maximum amount of net loss that could be allocated without causing any owners to have a capital account deficit as defined in the agreement The carrying value of our controlling interest and the noncontrolling interest was recorded based on the terms of the substantive profit-sharing provisions of the Equity Agreement. As a result, eLuxury’s total net asset balance of $1.9 million as of March 31, 2020, (the disposal date) represented the carrying value of our controlling interest. Deconsolidation In accordance with ASC Topic 810-10-40, a parent company must deconsolidate a subsidiary as of the date the parent ceases to have a controlling interest in that subsidiary and recognize a gain or loss in net income at that time. As a result, we deconsolidated eLuxury from our consolidated financial statements on March 31, 2020, the effective date of the sale agreement, and recognized a loss on disposal of discontinued operation totaling $1.9 million, which is included in net loss from discontinued operation in the fiscal 2020 Consolidated Statement of Net Loss. The $1.9 million loss on disposal of discontinued operation represented the entire carrying amount of eLuxury’s assets less liabilities as of the disposal date of March 31, 2020. Based on the terms of the sale agreement, we did not receive any consideration for eLuxury’s net assets that were associated with the sale of our entire ownership interest in eLuxury or retain a noncontrolling interest in eLuxury. Additionally, based on the terms of the substantive profit-sharing provisions stated in the Equity Agreement, the noncontrolling interest did not have a carrying amount for their interest in eLuxury. See Note 3 “Overview” for description of consideration.
Fiscal Year	Fiscal Year Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April 30. Fiscal 2020 included 53 weeks and fiscal 2019 and 2018 each included 52 weeks.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include demand deposit and money market accounts. We consider all highly liquid instruments with original maturities of three months or less to be cash equivalents. A summary of our cash and cash equivalents by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 58,057 $ 28,078 China 10,531 9,670 Canada 1,160 2,196 Cayman Islands 42 64 $ 69,790 $ 40,008 Throughout the year, we have cash balances regarding our U.S. operations of more than the federally insured amounts on deposit with a financial institution. We have not experienced any losses in such accounts. Management believes we are not exposed to any significant credit risk related to cash and cash equivalents.
Accounts Receivable	Accounts Receivable Substantially all our accounts receivable was due from manufacturers in the bedding and furniture industries. We grant credit to customers and generally do not require collateral. We record an allowance for doubtful accounts that reflects estimates of probable credit losses. Management continuously performs credit evaluations of our customers, considering numerous inputs including financial position, past payment history, cash flows, management ability, historical loss experience and economic conditions and prospects. We do not have any off-balance sheet credit exposure related to our customers.
Inventories	Inventories We account for inventories at the lower of first-in, first-out (FIFO) cost or net realizable value. Management continually examines inventory to determine if there are indicators that the carrying value exceeds its net realizable value. Experience has shown that the most significant indicators of the need for inventory markdowns are the age of the inventory and the planned discontinuance of certain patterns. As a result, we provide inventory valuation write-downs based upon established percentages based on the age of the inventory that are continually evaluated as events and market conditions require. Our inventory aging categories are six, nine, twelve, and fifteen months. We also provide inventory valuation write-downs based on the planned discontinuance of certain products based on the current market values at that time as compared to their current carrying values.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant, and equipment are recorded at cost and depreciated over their estimated useful lives using the straight-line method. Major renewals and betterments are capitalized. Maintenance, repairs, and minor renewals are expensed as incurred. When properties or equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the accounts. Amounts received on disposal less the book value of assets sold are charged or credited to income from operations. Management reviews long-lived assets, which consist principally of property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recovered. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to future net undiscounted cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the excess of the carrying amount over the fair value of the asset. After the impairment loss is recognized, the adjusted carrying amount is the new accounting basis. Assets to be disposed of by sale are reported at the lower of the carrying value or fair value less cost to sell when the company has committed to a disposal plan and would be reported separately as assets held for sale in the Consolidated Balance Sheets.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. We presented advertising costs totaling $1.7 million and $2.2 in discontinued operations during fiscal 2020 and 2019, respectively. No advertising costs were presented in discontinued operations during fiscal 2018. There were no advertising costs presented in continuing operations during each fiscal year 2020, 2019, or 2018.
Interest Costs	Interest Costs Total interest costs incurred were $190,000, $65,000, and $194,000 during fiscal 2020, 2019, and 2018, respectively. Of the total interest costs incurred of $190,000 during fiscal 2020, $106,000 and $84,000 were presented in continuing operations and discontinued operations, respectively. Of the total interest costs incurred of $65,000 during fiscal 2019, $35,000 and $30,000 were presented in continuing operations and discontinued operations, respectively. The total interest cost incurred of $194,000 during fiscal 2018 was associated with our continuing operations. We capitalize interest costs incurred on funds used to construct property, plant, and equipment. The capitalized interest is recorded as part of the asset to which it relates and is depreciated over the asset’s estimated useful life. No interest costs for the construction of qualifying fixed assets were capitalized during fiscal 2020 or 2019. Interest costs of $100,000 were capitalized for the construction of qualifying fixed assets during fiscal 2018 and were all associated with continuing operations.
Foreign Currency Adjustments	Foreign Currency Adjustments The United States dollar is the functional currency for the company’s Canadian and Chinese subsidiaries. All monetary foreign currency asset and liability accounts are remeasured into U.S. dollars at year-end exchange rates. Non-monetary asset and liabilities such as property, plant, and equipment are recorded at historical exchange rates. Foreign currency revenues and expenses are remeasured at average exchange rates in effect during the year, except for certain expenses related to balance sheet amounts remeasured at historical exchange rates. Exchange gains and losses from remeasurement of foreign currency denominated monetary assets and liabilities are recorded in the other expense line item in the Consolidated Statements of Net (Loss) Income in the period in which they occur. A summary of our foreign currency exchange (losses) gains by geographic area follows: (dollars in thousands) 2020 2019 2018 China $ 42 $ — $ (298 ) Canada (138 ) 2 (8 ) Euro foreign exchange contract — (64 ) — $ (96 ) $ (62 ) $ (306 ) See Note 18 to the consolidated financial statements for additional details regarding our Euro foreign exchange contract.
Goodwill and Intangible Assets	Goodwill and Intangible Assets In accordance with ASC Topic 350, Intangibles – Goodwill and Other, ASC Topic 350 requires us to assess goodwill for impairment annually (the last day of our fiscal year) or between annual tests if we believe certain indicators of impairment exist. Such indicators could include but are not limited to (1) deterioration in the environment of the industry and markets in which we operate, (2) unanticipated competition, (3) a deterioration in general economic conditions, (4) overall decline in financial performance such as negative and declining cash flows, or a decline in actual or planned revenue or earnings compared with actual and projected results or relevant prior periods, and (5) a decrease in the price per share of our common stock. We first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill. If we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we conduct a quantitative goodwill impairment test. The quantitative impairment test involves comparing the fair value of the applicable reporting unit with its carrying value. We estimate the fair values of our reporting units using a combination of the income, discounted cash flows, and the market approach, which utilizes comparable companies’ data. If the carrying amount of a reporting unit exceeds the reporting unit’s fair value, an impairment loss is recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. As a result of our third quarter and annual impairment assessments during the fourth quarter, we recorded asset impairment charges associated with our goodwill and tradenames totaling $33.9 million during fiscal 2020. Of the total $33.9 million, $20.2 million, and $13.7 million were reported in discontinued operations and continuing operations, respectively. Also, of the total $33.9 million asset impairment charges, $27.2 million and $6.7 pertained to goodwill and tradenames, respectively. Due to the asset impairment charges of $27.2 million associated with our goodwill, no goodwill was reported on our Consolidated Balance Sheet as of May 3, 2020. No asset impairment charges were recorded during fiscal 2019 and 2018. See Notes 8 and 9 of the consolidated financial statements for further details of our assessments of impairment, conclusions reached, and the performance of our quantitative test.
Income Taxes	Income Taxes Deferred Income Taxes – Overall Income taxes are accounted for under the asset and liability method. Deferred income taxes are recognized for temporary differences between the financial statement carrying amounts and the tax basis of our assets, liabilities, and our U.S. loss carryforwards and foreign income tax credits at income tax rates expected to be in effect when such amounts are realized or settled. The effect on deferred income taxes of a change in tax rates is recognized in income tax expense (benefit) in the period that includes the enactment date. Deferred Income Taxes – Valuation Allowance We evaluate our deferred income taxes to determine if a valuation allowance is required. We assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more-likely-than-not” standard with significant weight being given to evidence that can be objectively verified. Since we operate in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. Deferred Income Taxes – Undistributed Earnings from Foreign Subsidiaries We assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. We are required to record a deferred tax liability for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. 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. For fiscal 2019 and beyond, the 2017 Tax Cuts and Jobs Act allows a U.S. corporation a 100% dividend received deduction for earnings and profits received from a 10% owned foreign corporation. Therefore, a deferred tax liability will only be required for withholding taxes that are incurred by our foreign subsidiaries at the time earnings and profits are distributed. Uncertainty in Income Taxes We recognize the tax effect from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax impact recognized in the financial statements from such a position is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Penalties and interest related to uncertain tax positions are recorded as income tax expense. Significant judgment is required in the identification of uncertain tax positions and in the estimation of penalties and interest on uncertain tax positions.
Revenue Recognition	Revenue from Contracts with Customers On April 30, 2018 (the beginning of fiscal 2019), we adopted ASU 2014-09 “Revenue from Contracts with Customers” (ASC Topic 606 or the “new standard”). ASC Topic 606 requires us to disclose significant judgments and changes in judgments in applying the new standard that significantly affect the determination of the amount and timing of revenue from contracts with customers. The application of the new standard did not materially affect our accounting policies followed in fiscal year 2018 with regards to revenue recognition, determination of transaction prices, and revenue measurement. However, as required by ASC Topic 606, we recorded a reclassification adjustment from a contra account applied to accounts receivable to accrued expenses for estimated sales returns and allowances totaling $1.2 million. See below for disclosure of our significant judgements and accounting policies or determining the amount and timing of revenue from contracts with customers. Revenue Recognition Revenue is recognized upon the transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. We determined that our customer purchase orders represent contracts. In addition to purchase orders, we also have supply contracts with certain customers that define standard terms and conditions. Our contracts generally include promises to sell either upholstery fabric, mattress fabric, or bedding accessories and home goods products, to provide fabrication, and installation services of our own products associated with customized window treatments. Revenue associated with sales of our products are recognized at the point-in-time when control of the promised goods has been transferred to the customer. The point-in-time when control transfers to the customer depends on the contractually agreed upon shipping terms, but typically occurs once the product has been shipped or once it has been delivered to a location specified by the customer. For certain warehousing arrangements, transfer of control to the customer is deemed to have occurred when the customer pulls the inventory for use in their production. Revenue associated with our customized fabrication services, which are performed on various types of window treatments, is recognized over time once the customized products are deemed to have no alternative use and for which we have an enforceable right to payment for the services performed. Revenue for our customized fabrication services is recognized over time using the output method based on units produced. Revenue associated with our installation services of our own products is also recognized over time as the customer receives and consumes the benefits of the promised installation services. Revenue associated with our installation services is recognized over time using the output method based on units installed. Transaction Price The transaction price is typically allocated to performance obligations based upon stand-alone selling prices. We did not disclose the value of unsatisfied performance obligations as substantially all of any unsatisfied performance obligations as of May 3, 2020, will be satisfied within one year or less. Revenue Measurement Revenue is measured as the amount of consideration we expect to receive in exchange for the transfer of the promised products and services. The amount of consideration we expect to receive changes due to variable consideration are associated with allowances for sales returns, early payment discounts, and volume rebates that we offer to customers. The amount of variable consideration which is included in the transaction price is only included in net sales to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur in a future period. Our mattress fabrics and upholstery fabrics business segments only allow product returns to the extent that the products or services did not meet the contractually agreed upon specifications at the time of sale. Customers must receive authorization prior to returning products. Our former home accessories business segment allowed returns for any reason provided the product is returned within the stated time frame, generally 30 days, unless the product was customized in which case of a defect must be present in order to return the product. Estimates of allowances for sales returns are based on historical data, current potential product return issues, and known sales returns for which customers have been granted return authorization. Known sales returns for which customers have been granted permission to return products for a refund or credit, continue to be recorded as a contra account receivable. Estimates for potential future sales returns and related customer accommodations are recorded within accrued expenses. We record estimates for sales returns on a gross basis rather than a net basis and an estimate for a right of return asset is recorded in other current assets and cost of goods sold. Variable consideration associated with early payment cash discounts are estimated using current payment trends and historical data on a customer-by-customer basis. The variable consideration associated with volume rebates are based on the portion of the rebate earned relative to the total amount of rebates the customer is expected to earn over the rebate period as determined using historical data and projections. We evaluated the nature of our warranties related to our contracts with customers and determined that any such warranties are assurance-type warranties that cover only compliance with agreed upon specifications, and therefore are not considered separate performance obligations. Shipping and Handling Costs Revenue received for shipping and handling costs, which is immaterial for all periods presented, is included in net sales. Shipping costs, principally freight, that comprise payments to third-party shippers are classified as cost of sales. Handling costs represent finished goods warehousing costs incurred to store, move, and prepare products for shipment in the company’s various distribution facilities. Handling costs were $4.0 million, $4.2 million, and $4.6 million fiscal 2020, 2019, and 2018, respectively, and are included in selling, general and administrative expenses. Sales and Other Taxes Sales and other taxes collected from customers and remitted to governmental authorities are presented on a net basis and, as such, are excluded from revenues.
Leases	Leases On April 29, 2019 (the beginning of fiscal 2020), we adopted ASU No. 2016-02, Leases (Topic 842), which requires lessees to recognize leases on the balance sheet and disclose certain key information about their leasing arrangements. The new standard establishes a right of use (“ROU”) model that requires a lessee to recognize a ROU asset and lease liability for certain lease contracts. Topic 842 provides several practical expedients that could be applied 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. 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 ROU 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. For these contracts, an estimated incremental borrowing rate (“IBR”) is utilized, based on information available at the inception of the lease. The IBR represents an estimate of the interest rate we would incur at the lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of the lease.
Stock-Based Compensation	Stock-Based Compensation Our equity incentive plans are described more fully in Note 16 to the notes to the consolidated financial statements. ASC Topic 718, “Compensation – Stock Compensation”, requires that all stock-based compensation be recognized as compensation expense in the financial statements and that such cost be measured at the grant date for awards issued to employees and the company’s board of directors. Equity awards issued to non-employees are measured at the earlier date of when the performance criteria are met or at the end of each reporting period. Compensation expense for time vested restricted stock awards are amortized on a straight-line basis over the remaining vesting periods. Compensation expense for performance based restricted stock units are recorded based on an assessment each reporting period of the probability if certain performance goals are to be met during the contingent vesting period. If performance goals are not probable of occurrence, no compensation expense was recognized. Previously recognized compensation cost on performance goals that were previously deemed probable and subsequently were not met or not expected to be met is reversed.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The accompanying consolidated financial statements include certain financial instruments, and the fair market value of such instruments may differ from amounts reflected on a historical basis. These financial instruments include our short-term and long-term investments. The fair value measurements of our financial instruments are described more fully in Note 17 of the consolidated financial statements. The carrying amount of cash and cash equivalents, short-term investments, accounts receivable, other current assets, lines of credit (which were repaid in full during the first quarter of fiscal 2021), accounts payable and accrued expenses approximates fair value because of the short maturity of these financial instruments.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Goodwill In January 2017, the FASB issued ASU 2017-04, Intangibles — Goodwill and Other (Topic 350) — Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). ASU 2017-04 simplifies the accounting for goodwill impairments by eliminating the requirement to compare the implied fair value of goodwill with its carrying amount as part of step two of the goodwill impairment test referenced in ASC Topic 350, Intangibles - Goodwill and Other. As a result, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. However, the impairment loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for annual reporting periods beginning after December 15, 2019, including any interim impairment tests within those annual periods, with early application permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. On April 29, 2019, we elected to early adopt ASU 2017-04, and the adoption will affect our consolidated financial statements if we conclude that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, we are required to perform a quantitative goodwill impairment test. 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 15 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 in our Consolidated Balance Sheets. The adoption of Topic 842 did not have a material impact on our Consolidated Statements of Net (Loss) Income or our Consolidated Statement of Cash Flows. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses Measurement of Credit Losses on Financial Instruments There are no other new accounting pronouncements that are expected to have a significant impact on our consolidated financial statements.
Investments (Held-To-Maturity) [Member]
Investments	Investments (Held-To-Maturity) Our investments classified as held-to-maturity consisted of investment grade U.S. corporate bonds, foreign bonds, and government bonds with original maturities that range from 2 to 10 years, all of which have remaining maturities of less than 2 years as of May 3, 2020. These investments were classified as held-to-maturity as we have the positive intent and ability to hold these investments until maturity. Our held-to-maturity investments were recorded as either current or noncurrent on our Consolidated Balance Sheets, based on the maturity date in relation to the respective reporting period and recorded amortized cost. At May 3, 2020, the amortized cost of our held-to-maturity investments was $6.3 million and the fair value was $6.4 million. At April 28, 2019, the amortized cost and fair value of our held-to-maturity investments were $5.0 million. Our bond investments 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.
Short-term Investments [Member]
Investments	Short-Term Investments (Available for Sale) As of May 3, 2020, our short-term investments consisted of bond funds that were classified as available-for-sale and had an accumulated unrealized loss totaling $9,000. As of May 3, 2020, our short-term investments were recorded at its fair value of $923,000 and the fair value of our short-term investments approximated its cost basis. A summary of our short-term investments by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 923 $ —
Long-term investments (Rabbi Trust) [Member]
Investments	Long-Term Investments (Rabbi Trust) We have a Rabbi Trust to set aside funds for participants of our deferred compensation plan (the “Plan”) that enables our participants to credit their contributions to various investment options of the Plan. The investments associated with the Rabbi Trust consist of investments in a money market fund and various mutual funds that are classified as available for sale. Our long-term investments are classified as available for sale and were recorded at their fair value of $7.8 million and $7.1 million at May 3, 2020, and April 28, 2019, respectively. Our long-term investments had an accumulated unrealized gain totaling $19,000 and $40,000 at May 3, 2020, and April 28, 2019, respectively. The fair value of our long-term investments associated with our Rabbi Trust approximates its cost basis.

General and Summary of Signif_3

General and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	May 03, 2020
Accounting Policies [Abstract]
Summary of Cash and Cash Equivalents by Geographic Area	A summary of our cash and cash equivalents by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 58,057 $ 28,078 China 10,531 9,670 Canada 1,160 2,196 Cayman Islands 42 64 $ 69,790 $ 40,008
Summary of Short-Term Investments by Geographic Area	A summary of our short-term investments by geographic area follows: May 3, April 28, (dollars in thousands) 2020 2019 United States $ 923 $ —
Summary of Foreign Currency Exchange Gains (Losses) by Geographic Area	A summary of our foreign currency exchange (losses) gains by geographic area follows: (dollars in thousands) 2020 2019 2018 China $ 42 $ — $ (298 ) Canada (138 ) 2 (8 ) Euro foreign exchange contract — (64 ) — $ (96 ) $ (62 ) $ (306 )

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	May 03, 2020
Schedule of Unaudited Pro Forma Consolidated Results of Operations	The following unaudited pro forma consolidated results of operations for the fiscal years ending May 3, 2020, April 28, 2019, and April 29, 2018, have been prepared as if this acquisition had occurred on May 1, 2017. (dollars in thousands, except per share data) May 3, 2020 April 28, 2019 April 29, 2018 Net Sales $ 256,166 $ 281,325 $ 334,953 (Loss) income from continuing operations (7,568 ) 13,351 26,799 Net (loss) income from continuing operations (11,158 ) 6,071 20,455 Net loss from discontinued operation (17,509 ) (613 ) — Net (loss) income $ (28,667 ) $ 5,458 20,455 net (loss) income from continuing operations per share-basic $ (0.90 ) $ 0.49 $ 1.65 net (loss) income from continuing operations per share-diluted $ (0.90 ) $ 0.48 $ 1.62 net loss from discontinued operation per share-basic $ (1.41 ) $ (0.05 ) $ — net loss from discontinued operation per share-diluted $ (1.41 ) $ (0.05 ) $ — Net (loss) income per share - basic $ (2.32 ) $ 0.44 $ 1.65 Net (loss) income per share - diluted $ (2.32 ) $ 0.43 $ 1.62
Read Window Products, LLC [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 Customer relationships $ 2,247 Goodwill 2,107 Inventory 1,128 Accounts receivable 897 Tradename 683 Property, plant & equipment 379 Other assets 35 Deferred revenue (903 ) Accounts payable (719 ) Accrued expenses (174 ) $ 5,680

Home Accessories Segment (Table

Home Accessories Segment (Tables)	12 Months Ended
	May 03, 2020
Summary of Disposal of Discontinued Operation on Consolidated Balance Sheet	The following is a summary of the assets and liabilities that were sold on March 31, 2020, and a reconciliation of the assets and liabilities disclosed in the notes to the consolidated financial statements to the assets and liabilities of the disposal group that are presented separately as held for sale – discontinued operation on the Consolidated Balance Sheet as of April 28, 2019: March 31, April 28, (dollars in thousands) 2020 2019 ASSETS current assets: cash and cash equivalents $ 285 $ — accounts receivable 588 378 inventories 3,344 3,296 other current assets 170 33 total current assets held for sale - discontinued operation 4,387 3,707 property, plant, and equipment 1,694 1,910 goodwill — 13,653 intangible asset — 6,549 right of use asset 918 — total noncurrent assets held for sale - discontinued operation 2,612 22,112 total assets $ 6,999 $ 25,819 LIABILITIES AND NET ASSETS current liabilities: accounts -payable trade $ 1,394 $ 1,653 operating lease liability - current 195 — accrued expenses 351 560 total current liabilities held for sale - discontinued operation 1,940 2,213 loan payable - Culp Inc. 1,500 830 subordinated loan payable - noncontrolling interest 925 675 operating lease liability - long-term 743 — total noncurrent liabilities held for sale - discontinued operation 3,168 1,505 total liabilities 5,108 3,718 total net assets of discontinued operation $ 1,891 $ 22,101
Summary of Loss from Discontinued Operation on Consolidated Statements of Net (Loss) Income	The following is a reconciliation of the major classes of financial statement line items constituting loss before income taxes from discontinued operation that are disclosed in the notes to the financial statements to loss from discontinued operation that are presented in the Consolidated Statements of Net (Loss) Income for fiscal years 2020, 2019, and 2018: (1) (dollars in thousands) 2020 2019 2018 net sales $ 13,763 $ 15,956 $ — cost of sales (10,953 ) (11,527 ) — gross profit 2,810 4,429 — selling, general and administrative expenses (4,100 ) (5,162 ) — asset impairments (2) (20,202 ) — — reversal of contingent consideration - earn-out obligation (3) 5,856 — — interest expense (4) (84 ) (30 ) — other income 34 37 — loss from discontinued operation related to major classes of loss before income taxes (15,686 ) (726 ) — loss on disposal of discontinued operation (1,891 ) — — loss before income taxes from discontinued operation (5) (17,577 ) (726 ) — income tax benefit 68 113 — net loss from discontinued operation $ (17,509 ) $ (613 ) $ — (1) Discontinued operations were not presented in fiscal 2018 as we acquired eLuxury on June 22, 2018, which was during our fiscal 2019. (2) During fiscal 2020, we recorded asset impairment charges totaling $20.2 million, of which $13.6 million and $6.6 million pertained to the goodwill and tradename, respectively. Of the total asset impairment charge totaling $20.2 million, $13.6 million, and $6.6 million were recorded in the 3 rd th (3) See separate section below titled “Contingent Consideration” for further details. (4) Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the noncontrolling interest) or required to be paid to Culp Inc. based on the terms of the sale agreement. (5) See separate section below titled “Consolidation and Deconsolidation” for further details.
Summary of Net (Loss) Income from Continuing Operations, Loss from Discontinued Operation, and Net (Loss) Income Attributable to Common Shareholders and Noncontrolling Interest	The following is a summary of net (loss) income from continuing operations, loss from discontinued operation, and net (loss) income attributable Culp Inc. common shareholders and the noncontrolling interest for fiscal years 2020, 2019, and 2018: (dollars in thousands) 2020 2019 2018 net (loss) income from continuing operations $ (11,158 ) $ 6,071 $ 20,877 net (loss) income from continuing operations attributable to noncontrolling interest — — — net (loss) income from continuing operations attributable to Culp Inc. common shareholders $ (11,158 ) $ 6,071 $ 20,877 net loss from discontinued operation $ (17,509 ) $ (613 ) $ — net loss from discontinued operation attributable to noncontrolling interest 4,674 218 — net loss from discontinued operation attributable to Culp Inc. common shareholders $ (12,835 ) $ (395 ) $ — net loss (income) $ (28,667 ) $ 5,458 $ 20,877 net loss from noncontrolling interest 4,674 218 — net (loss) income attributable to Culp Inc. common shareholders $ (23,993 ) $ 5,676 $ 20,877
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

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	May 03, 2020
Receivables [Abstract]
Summary of Accounts Receivable	A summary of accounts receivable follows: May 3, April 28, (dollars in thousands) 2020 2019 customers $ 25,649 $ 24,370 allowance for doubtful accounts (472 ) (393 ) allowance for cash discounts (68 ) (186 ) reserve for returns and allowances and discounts (16 ) (40 ) $ 25,093 $ 23,751 (1)
Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: (dollars in thousands) 2020 2019 2018 beginning balance $ (393 ) $ (357 ) $ (414 ) provision for bad debts (79 ) (84 ) 57 write-offs, net of recoveries — 48 — ending balance $ (472 ) $ (393 ) $ (357 )
Summary of the Activity in the Allowance for Returns and Allowances and Discounts	A summary of the activity in the allowance for returns and allowances and discounts follows: (dollars in thousands) 2020 2019 2018 beginning balance $ (226 ) $ (1,433 ) $ (1,220 ) adoption of ASC Topic 606 — 1,145 — provision for returns and allowances and discounts (1,603 ) (2,180 ) (3,295 ) credits issued and discounts taken 1,745 2,242 3,082 ending balance $ (84 ) $ (226 ) $ (1,433 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	May 03, 2020
Revenue From Contract With Customer [Abstract]
Summary of Activity for Deferred Revenue	A summary of the activity of deferred revenue follows: (dollars in thousands) Fiscal 2020 Fiscal 2019 Beginning Balance $ 399 $ 809 Revenue recognized on contract liabilities during the period (2,356 ) (2,725 ) Payments received for services not yet rendered during the period 2,459 2,315 Ending Balance $ 502 $ 399
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue related to continuing operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2020: (dollars in thousands) Mattress Fabrics Upholstery Fabrics Total Products transferred at a point in time $ 131,412 $ 114,154 $ 245,566 Services transferred over time — 10,600 10,600 Total Net Sales $ 131,412 $ 124,754 $ 256,166 The following table presents our disaggregated revenue related to continuing operations by segment, timing of revenue recognition, and product sales versus services rendered for fiscal 2019: (dollars in thousands) Mattress Fabrics Upholstery Fabrics Total Products transferred at a point in time $ 145,671 $ 125,294 $ 270,965 Services transferred over time — 10,360 10,360 Total Net Sales $ 145,671 $ 135,654 $ 281,325

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	May 03, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) May 3, 2020 April 28, 2019 raw materials $ 7,823 $ 5,617 work-in-process 1,958 2,289 finished goods 38,126 42,954 $ 47,907 $ 50,860 (1) (1) At April 28, 2019, inventory totaled $50.9 million, of which $47.6 million and $3.3 million were classified as inventory and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	May 03, 2020
Property Plant And Equipment [Abstract]
Summary of Property, Plant, and Equipment	A summary of property, plant and equipment follows: (dollars in thousands) depreciable lives (in years) May 3, 2020 April 28, 2019 land and improvements 0-10 $ 909 $ 838 buildings and improvements 7-40 31,047 30,712 leasehold improvements ** 2,288 2,180 machinery and equipment 3-12 60,703 72,641 office furniture and equipment 3-10 8,819 9,834 capital projects in progress 1,958 1,263 105,724 117,468 accumulated depreciation (62,577 ) (69,079 ) $ 43,147 48,389 (1) ** Shorter of life of lease or useful life. (1) At April 28, 2019, property, plant and equipment totaled $48.4 million, of which $46.5 million and $1.9 million were classified as property, plant, and equipment and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	May 03, 2020
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) May 3, 2020 April 28, 2019 Tradenames $ 540 $ 7,232 Customer relationships, net 2,238 2,538 Non-compete agreement, net 602 678 $ 3,380 $ 10,448 (1) (1) At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.
Summary of Change in Acquired Tradenames	A summary of the change in the carrying amount of our tradenames follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 7,232 683 683 acquisition of assets (note 3) — 6,549 — loss on impairment - continuing operations (143 ) loss on impairment - discontinued operations (note 3) (6,549 ) — — ending balance $ 540 7,232 683
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: (dollars in thousands) 2020 2019 2018 beginning balance $ 2,538 2,839 664 acquisition of assets (note 2) — — 2,247 amortization expense (300 ) (301 ) (72 ) loss on impairment — — — ending balance $ 2,238 2,538 2,839
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: (dollars in thousands) 2020 2019 2018 beginning balance $ 678 753 828 amortization expense (76 ) (75 ) (75 ) loss on impairment — — — ending balance $ 602 678 753

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	May 03, 2020
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: (dollars in thousands) 2020 2019 2018 beginning balance $ 27,222 $ 13,569 11,462 acquisition of assets (notes 2 and 3) — 13,653 2,107 loss on impairment - continuing operations (13,569 ) — — loss on impairment - discontinued operation (note 3) (13,653 ) — — ending balance $ - 27,222 (1) 13,569 (1) At April 28, 2019, goodwill totaled $27.2 million, of which $13.6 million was classified as goodwill and $13.6 million was classified within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Venture (Tables)	12 Months Ended
	May 03, 2020
Equity Method Investments And Joint Ventures [Abstract]
Summary of Equity Method Investment	The following table summarizes information of assets, liabilities and members’ equity of our equity method investment in CLIH: (dollars in thousands) May 3, 2020 April 28, 2019 total assets $ 3,338 $ 3,126 total liabilities $ 133 $ 111 total members’ equity $ 3,205 $ 3,015

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	May 03, 2020
Text Block [Abstract]
Summary of Accrued Expenses	(dollars in thousands) May 3, 2020 April 28, 2019 compensation, commissions and related benefits $ 3,038 $ 4,229 interest 9 4 other 2,807 5,292 $ 5,854 $ 9,525

2019 Upholstery Fabrics Restr_2

2019 Upholstery Fabrics Restructuring Plan (Tables)	12 Months Ended
	May 03, 2020
Restructuring And Related Activities [Abstract]
Summary Restructuring Credit and Related Charges Associated With 2019 Upholstery Fabrics Restructuring Plan	The following summarizes our restructuring credit and related charges that were associated with this restructuring plan described above: (dollars in thousands) 2020 2019 Inventory markdowns $ — $ 1,564 Other operating costs associated with a closed facility — 824 Employee termination benefits (70 ) 661 Gain on sale of property, plant, and equipment — (1,486 ) Restructuring credit and restructuring related charges (1) (2) $ (70 ) $ 1,563 (1) The $70,000 credit was recorded to restructuring credit in the accompanying fiscal 2020 Consolidated Statement of Net Loss. (2) Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the accompanying fiscal 2019 Consolidated Statement of Net Income.
Summary of Activity in Restructuring Accrual	The following summarizes the activity in the restructuring accrual: (dollars in thousands) 2020 2019 Beginning balance $ 124 $ — Accrual established in fiscal 2019 — 451 Payments (54 ) (538 ) Adjustments (70 ) 211 Ending balance $ — $ 124

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	May 03, 2020
Income Tax Disclosure [Abstract]
Schedule of Allocation of Income Tax Expense	Total income tax expense was allocated as follows: (dollars in thousands) 2020 2019 2018 (loss) income from continuing operations $ 3,354 $ 6,537 $ 5,740 loss from discontinued operations (68 ) (113 ) — $ 3,286 $ 6,424 $ 5,740
Schedule of Income Tax Expense Attributable to Income from Operations	Income tax expense attributable to income from continuing operations consists of: (dollars in thousands) 2020 2019 2018 current federal $ — (1,492 ) (1,367 ) state 7 27 9 2017 Tax Cuts and Jobs Act — (282 ) 4,854 foreign 4,248 6,144 4,726 uncertain income tax positions 725 — — 4,980 4,397 8,222 deferred federal (1,875 ) 3,236 4,295 state (103 ) (96 ) 112 2017 Tax Cuts and Jobs Act (1) — (268 ) (6,903 ) undistributed earnings – foreign subsidiaries (114 ) 3,735 (195 ) U.S. Federal & State carryforwards and credits (1,307 ) 74 — uncertain income tax positions (380 ) — — foreign (247 ) (85 ) 93 valuation allowance (1) 2,400 (4,456 ) 116 (1,626 ) 2,140 (2,482 ) $ 3,354 6,537 5,740 (1) The income tax benefit of $6,903 recorded during fiscal 2018 included a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that were not more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. The $4.5 million income charge for the write-off of certain U.S. foreign tax credits is included in the undistributed earnings – foreign subsidiaries income tax expense amount of $3,735.
Schedule of Income (Loss) before Income Taxes Related to Foreign and U.S. Operations	(Loss) income before income taxes from continuing operations related to our foreign and U.S. operations consists of: (dollars in thousands) 2020 2019 2018 Foreign China $ 8,316 9,899 11,036 Canada (1,391 ) 5,488 5,985 Cayman Islands (6 ) 280 339 Total Foreign 6,919 15,667 17,360 United States (14,598 ) (2,945 ) 9,523 $ (7,679 ) 12,722 26,883
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 the income tax expense from continuing operations at the federal income tax rate and the effective income tax rate from continuing operations reflected in the consolidated financial statements: 2020 2019 2018 federal income tax rate 21.0 % 21.0 % 30.4 % global intangible low taxed income tax (GILTI) (24.4 ) 16.9 — foreign tax rate differential (16.1 ) 13.0 3.7 income tax effects of impairment of nondeductible goodwill (11.3 ) — — uncertain income tax positions (4.8 ) 0.5 — income tax effects of Chinese foreign exchange gains and losses (5.0 ) 2.2 (2.8 ) write-off of U.S. foreign income tax credits — 35.1 — valuation allowance (1.6 ) (35.0 ) 0.4 income tax effects of the 2017 Tax Cuts and Jobs Act — (4.3 ) (7.6 ) Other (1.5 ) 2.0 (2.7 ) (43.7 )% 51.4 % 21.4 %
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities consist of the following: (dollars in thousands) 2020 2019 deferred tax assets: accounts receivable $ 263 282 Inventories 2,280 1,591 Compensation 1,970 1,973 liabilities and other 166 284 intangible assets and goodwill 856 — property, plant, and equipment (1) 185 193 operating lease liability 671 — foreign income tax credits - U.S. 783 1,252 loss carryforwards – U.S. 4,137 2,360 valuation allowances (3,148 ) (748 ) total deferred tax assets 8,163 7,187 deferred tax liabilities: undistributed earnings on foreign subsidiaries (3,409 ) (3,523 ) unrecognized tax benefits – U.S. — (380 ) property, plant and equipment (2) (5,008 ) (4,710 ) right of use asset (690 ) — Goodwill — (1,203 ) Other (81 ) (90 ) total deferred tax liabilities (9,188 ) (9,906 ) Net deferred liabilities $ (1,025 ) (2,719 ) (1) Pertains to the company’s operations located in China. (2) Pertains to the company’s operations located in the U.S. and Canada.
Summary of Valuation Allowances Against Deferred Income Taxes	Based on our assessments at May 3, 2020 and April 29, 2019, valuation allowances against our deferred income taxes pertain to the following jurisdictions: (dollars in thousands) May 3, 2020 April 28, 2019 U.S. capital loss carryforward $ 2,281 — U.S. state loss carryforwards and credits 867 666 U.S. foreign income tax credits — 82 $ 3,148 748
Summary of Change in Valuation Allowances Against Deferred Income Taxes	A summary of the change in the valuation allowances against our deferred income taxes follows: (dollars in thousands) 2020 2019 2018 beginning balance $ 748 5,204 536 Write-off of deferred income taxes (1) — (4,544 ) — establishment of valuation allowance (1) (2) 2,281 — 4,550 change in estimate (3) 119 88 118 ending balance $ 3,148 748 5,204 (1) During fiscal 2018, we recorded an income tax charge of $4.6 million for the establishment of a valuation allowance associated with U.S. foreign tax credits that we believed were not more-likely-than not to be realized based on the provisions outlined in TCJA. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. (2) In connection with the sale of a discontinued operation that was treated as a partnership for income tax purposes, we generated a capital loss carryforward totaling $10.9 million with a related future income tax benefit of $2.3 million. Since capital losses can only be offset by capital gains, we established a full valuation allowance on this capital loss carryforward as we do not have capital assets that would generate capital gains that would utilize this carryforward. ( 3 ) Amounts pertain to a change in estimate of the recoverability of certain U.S. state loss carryforward balances as of the end of the respective prior fiscal year.
Schedule of Unrecognized Tax Benefit	The following table sets forth the change in the company’s unrecognized income tax benefit: (dollars in thousands) 2020 2019 2018 beginning balance $ 903 844 12,245 increases from prior period tax positions 106 135 350 decreases from prior period tax positions (1) (85 ) (76 ) (11,751 ) increases from current period tax positions 434 — — decreases from current period tax positions (89 ) — — ending balance $ 1,269 903 844 (1) The $11.8 million reduction in our unrecognized income tax benefits during fiscal 2018 is mostly associated with the reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement of an IRS exam.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	May 03, 2020
Commitments And Contingencies Disclosure [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 May 3, 2020, and April 29, 2019, are as follows: (dollars in thousands) May 3, 2020 (1) April 29, 2019 Right of use asset $ 3,903 $ 7,191 Operating lease liability - current 1,805 2,629 Operating lease liability – noncurrent 2,016 4,473 (1) Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.
Supplemental Cash Flow Information	Supplemental Cash Flow Information (dollars in thousands) 2020 Operating lease liability payments $ 2,524 Right of use assets exchanged for lease liabilities 344
Summary of weighted average remaining lease term and discount rate	As of May 3, 2020, the weighted average remaining lease term and discount rate for our operating leases follows: Weighted average lease term 2.98 years Weighted average discount rate 3.60 %
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the next five fiscal years, and thereafter follows: (dollars in thousands) 2021 $ 1,831 2022 978 2023 541 2024 432 2025 253 Thereafter — 4,035 Less: interest (214 ) Present value of lease liabilities $ 3,821

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	May 03, 2020
Summary of Stock Option Activity	The following tables summarize stock option activity during fiscal 2020, 2019, and 2018: 2020 2019 2018 Weighted- Weighted- Weighted- Average Average Average Exercise Exercise Exercise Shares Price Shares Price Shares Price outstanding at beginning of year — $ — — $ — 15,600 $ 7.14 exercised — — — — (15,600 ) 7.14 outstanding at end of year — — — — — —
Summary of Time Vested Restricted Stock Unit Activity	The following table summarizes the time-based restricted stock unit activity during fiscal years 2020, 2019, and 2018: 2020 2019 2018 Shares Shares Shares outstanding at beginning of year 10,000 1,200 1,200 granted 34,399 10,000 1,200 vested — (1,200 ) (1,200 ) outstanding at end of year 44,399 10,000 1,200
Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units	The following table provides assumptions used to determine the fair market value of the market-based total shareholder return component using the Monte Carlo simulation model on the grant dates of July 18, 2019, August 2, 2018, and July 13, 2017: July 18, August 2, July 13, 2019 2018 2017 Closing price of our common stock $ 18.49 $ 24.35 $ 32.50 Expected volatility of our common stock 30.0 % 33.5 % 31.0 % Expected volatility of peer companies (1) (2) 29.9% - 82.3% 16.0 % 16.5 % Risk-free interest rate 1.73 % 2.74 % 1.56 % Dividend yield 2.10 % 1.35 % 1.66 % Correlation coefficient of peer companies (1) (2) 0.00 - 0.43 0.47 0.46 (1) The expected volatility and correlation coefficient of our peer companies for fiscal 2020 were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group. (2) The expected volatility and correlation coefficient of our peer companies for fiscal 2019 and 2018 were based on the Russell 2000 Index, which was approved by the Compensation Committee of our board of directors as the benchmark for determining the market-based total shareholder return component. Since the Russell 2000 Index was the only benchmark for determining the market-based total shareholder return component, no ranges were disclosed for these assumptions.
Summary of Grants of Common Stock to Outside Directors	The following table summarizes information related to our grants of common stock to our outside directors during fiscal 2020, 2019, and 2018: Common (1) Stock Price Per Vesting Date of Grant Awarded Share Period April 1, 2020 - Fiscal 2020 10,511 $ 6.66 Immediate January 2, 2020 - Fiscal 2020 4,972 $ 14.08 Immediate October 1, 2019 - Fiscal 2020 4,519 $ 15.49 Immediate July 1, 2019 - Fiscal 2020 3,659 $ 19.21 Immediate April 1, 2019 - Fiscal 2019 2,948 $ 19.18 Immediate October 1, 2018 - Fiscal 2019 3,600 $ 23.45 Immediate October 2, 2017 - Fiscal 2018 4,800 $ 33.20 Immediate (1) Price per share represents closing price of our common stock on the date of grant.
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 fiscal 2020, 2019, and 2018: Common (1) (2) Stock Shares Weighted Average Price Per Fiscal Year Vested Fair Value Share Fiscal 2020 — $ — $ — Fiscal 2019 1,200 $ 21 $ 17.36 Fiscal 2018 1,200 $ 37 $ 30.90 (1) Dollar amounts are in thousands. (2) Price per share represents closing price of our common stock on the date the respective award vested.
Performance Based Restricted Stock Units [Member]
Summary of Vested Restricted Stock Units	The following table summarizes information related to our performance based restricted stock units that vested during the fiscal 2020, 2019, and 2018: (3) Common Weighted Weighted Stock Shares Average Average Price Fiscal Year Vested Fair Value Per Share Fiscal 2020 (1) 11,351 $ 197 $ 17.36 (4) Fiscal 2020 (2) 4,961 $ 86 $ 17.36 (4) Fiscal 2019 (1) 128,632 $ 3,754 $ 29.19 (4) Fiscal 2019 (2) 10,364 $ 320 $ 30.90 (4) Fiscal 2018 (1) 102,845 $ 3,342 $ 32.50 (4) Fiscal 2018 (2) 16,000 $ 520 $ 32.50 (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.
Management [Member] | Time Based Restricted Stock Units [Member]
Summary of Grants of Time-Based Restricted Stock Unit Awards	The following table summarizes information related to our grants of time-based restricted stock unit awards associated with certain senior executives and key members of management during fiscal years 2020, 2019 and 2018: (1) Restricted Price Vesting Date of Grant Stock Awarded Per Share Period July 18, 2019 34,399 $ 18.49 3 years August 2, 2018 10,000 $ 24.35 5 years June 13, 2017 1,200 $ 32.50 1 year (1) Price per share represents closing price of our common stock on the date the respective award was granted.
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 were unvested at May 3, 2020: (4) (3) Restricted Stock Restricted Stock Units Expected Price Per Vesting Date of Grant Units Awarded to Vest Share Period July 18, 2019 (1) 93,653 — $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 — $ 18.49 (8) 3 years August 2, 2018 (1) 86,599 — $ 18.51 (6) 3 years August 2, 2018 (2) 47,800 — $ 24.35 (8) 3 years July 13, 2017 (1) 60,504 3,277 $ 31.85 (7) 3 years July 13, 2017 (2) 37,600 4,365 $ 32.50 (8) 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) Compensation cost is based on an assessment each reporting period of the probability that certain performance goals will be met and in turn, the number of shares that are expected to be awarded during the vesting period. These amounts represent the number of shares that are expected to vest based on our assessment as of May 3, 2020. (5) Price per share represents the fair market value per share ($1.03 per $1 or an increase of $0.55 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($18.49) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on July 18, 2019. ( 6 ) 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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. ( 7 ) 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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on July 13, 2017. ( 8 ) Price per share represents the closing price of our common stock on the date of grant.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	May 03, 2020
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables present information about assets and liabilities measured at fair value on a recurring basis: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 7,496 N/A N/A $ 7,496 Short Term Bond Funds 923 N/A N/A 923 Growth Allocation Fund 219 N/A N/A 219 Moderate Allocation Fund 63 N/A N/A 63 Other 56 N/A N/A 56 Fair value measurements at April 28, 2019 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 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	The following table presents information about assets and liabilities measured at fair value on a nonrecurring basis related to continuing operations as of May 3, 2020: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill N/A N/A $ — $ — Tradename N/A N/A 540 540
Discontinued Operations [Member]
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis	The following table presents information about assets and liabilities measured at fair value on a nonrecurring basis related to discontinued operations as of May 3, 2020: Fair value measurements at May 3, 2020 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill - discontinued operation N/A N/A N/A N/A Tradename - discontinued operation N/A N/A N/A N/A Liabilities: Contingent Consideration affiliated with discontinued operation N/A N/A N/A N/A Fair value measurements at April 28, 2019 using: Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Goodwill - discontinued operation N/A N/A $ 13,653 $ 13,653 Tradename - discontinued operation N/A N/A 6,549 6,549 Equipment - discontinued operation N/A N/A 2,179 2,179 Inventory - discontinued operation N/A N/A 1,804 1,804 Liabilities: Contingent consideration affiliated with a discontinued operation N/A N/A 5,856 5,856

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	May 03, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Instruments	ASC Topic 815 requires disclosure of gains and losses on derivative instruments in the following tabular format. (Amounts in Thousands) Fair Values of Derivative Instruments May 3, 2020 April 28, 2019 Derivatives designated as hedging instruments under ASC Topic 815 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Euro Foreign Exchange Contract N/A $ — Accrued Expense $ —
Schedule of Gains and Losses on Derivative Instruments	Derivatives in ASC Topic 815 Net Investment Hedging Relationships Amt of Gain (Loss) (net of tax) Recognized in OCI on Derivative (Effective Portion) and recorded in Accrued Expenses at Fair Value Location of Gain or (Loss) Reclassified from Accumulated OCI into Income Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Amount of Gain (loss) (net of tax) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) 2020 2019 2018 (Effective Portion) 2020 2019 2018 Effectiveness Testing) 2020 2019 2018 EURO Foreign Exchange Contract $ — $ 55 $ (55 ) Other Exp $ — $ (64 ) $ — Other Exp $ — $ — $ —

Net (Loss) Income from Contin_2

Net (Loss) Income from Continuing Operations Per Share (Tables)	12 Months Ended
	May 03, 2020
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net (Loss) Income from Continuing Operations Per Share	Weighted average shares used in the computation of basic and diluted net (loss) income from continuing operations per share are as follows: (in thousands) 2020 2019 2018 weighted-average common shares outstanding, basic 12,378 12,462 12,431 dilutive effect of stock-based compensation — 86 202 weighted-average common shares outstanding, diluted 12,378 12,548 12,633

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	May 03, 2020
Segment Reporting [Abstract]
Summary of Segment Information by Geographic Area	International sales accounted for 26%, 26%, and 23% of net sales during fiscal 2020, 2019, and 2018, respectively, and are summarized by geographic area as follows: (dollars in thousands) 2020 2019 2018 north america (excluding USA) (1) $ 27,637 $ 29,247 $ 27,844 far east and asia (2) 36,470 39,277 40,671 all other areas 2,986 3,712 5,681 $ 67,093 $ 72,236 $ 74,196 (1) Of this amount, $21.7 million, $22.5 million, and $21.9 million are attributable to shipments to Mexico in fiscal 2020, 2019, and 2018, respectively. (2) Of this amount $21.4 million, $29.8 million, and $32.6 million are attributable to shipments to China in fiscal 2020, 2019, and 2018, respectively.
Schedule of Operating Segments Information	Statements of operations for our current operating segments are as follows: (dollars in thousands) 2020 2019 2018 net sales by segment: upholstery fabrics $ 124,754 135,654 131,128 mattress fabrics 131,412 145,671 192,597 total net sales $ 256,166 281,325 323,725 gross profit from continuing operations by segment: upholstery fabrics $ 24,220 25,373 25,836 mattress fabrics 16,278 22,904 38,797 total segment gross profit 40,498 48,277 64,633 other non-recurring charges (1) — (159 ) — restructuring related charges (2) — (2,349 ) — total gross profit from continuing operations $ 40,498 45,769 64,633 selling, general, and administrative expenses by segment: upholstery fabrics $ 14,353 14,551 14,881 mattress fabrics 11,354 11,296 12,935 unallocated corporate 8,717 6,838 9,356 total segment selling, general, and administrative expenses 34,424 32,685 37,172 other non-recurring charges (3) — 518 — restructuring related charges (4) — 40 — total selling, general, and administrative expenses $ 34,424 33,243 37,172 income (loss) from continuing operations: upholstery fabrics $ 9,867 10,823 10,956 mattress fabrics 4,924 11,607 25,861 unallocated corporate expenses (8,717 ) (6,838 ) (9,356 ) total segment income from continuing operations 6,074 15,592 27,461 asset impairments (7) (13,712 ) — — other non-recurring charges (1) (3) — (678 ) — restructuring credit and related charges (5) (6) 70 (1,563 ) — total (loss) income from continuing operations (7,568 ) 13,351 27,461 interest expense (106 ) (35 ) (94 ) interest income 897 789 534 other expense (902 ) (1,383 ) (1,018 ) (loss) income before income taxes from continuing operations $ (7,679 ) 12,722 26,883 (1) The $159 represents employee termination benefits and other operational reorganization costs associated with our mattress fabrics segment. (2) The $2.3 million represents a restructuring related charge of $1.6 million for inventory markdowns and $784 for other operating costs associated with our closed Anderson, SC upholstery fabrics facility. (3) The $518 represents a non-recurring charge of $429 for the accelerated vesting of certain stock-based compensation agreements associated with a senior executive and was recorded in unallocated corporate expenses. Additionally, the $518 includes $89 for employee termination benefits and operational reorganizational costs associated with our mattress fabrics segment. (4) The $40 represents a restructuring related charge for the accelerated vesting for certain stock-based compensation agreements associated with an employee that was located at our closed Anderson, SC upholstery fabrics facility. (5) The $1.6 million represent charges and credits that were associated our closed Anderson, SC upholstery fabrics facility and include $1.6 million for inventory markdowns, $784 for other operating costs, $661 for employee termination benefits, and $40 for the accelerated vesting of certain stock-based compensation agreements associated an employee, partially offset by a $1.5 million gain on the sale of property, plant, and equipment. (6) Of this total net charge, a charge of $2.3 million, a charge of $40, and a credit of $825 were recorded in cost of sales, selling, general, and administrative expenses, and restructuring credit, respectively, in the fiscal 2019 Consolidated Statement of Net Income. (7) During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively. Balance sheet information for our current operating segments follow: (dollars in thousands) May 3, 2020 April 28, 2019 segment assets mattress fabrics accounts receivable $ 12,212 $ 12,098 inventory 26,620 24,649 property, plant, and equipment 40,682 (1) 44,266 (2) right of use asset 362 (3) — investment in unconsolidated joint venture 1,602 1,508 total mattress fabrics assets 81,478 82,521 upholstery fabrics accounts receivable 12,881 11,274 inventory 21,287 22,915 property, plant, and equipment 1,633 (4) 1,795 (5) right of use asset 1,633 (6) — total upholstery fabrics assets 37,434 35,984 total segment assets 118,912 118,505 non-segment assets cash and cash equivalents 69,790 40,008 short-term investments – available for sale 923 — short-term investments – held-to-maturity 4,271 5,001 current income taxes receivable 1,585 776 current assets held for sale - discontinued operation — 3,707 deferred income taxes 793 457 other current assets 2,116 2,816 property, plant, and equipment (7) 832 419 right of use asset (8) 1,908 — goodwill — 13,569 intangible assets 3,380 3,899 long-term investments - held-to-maturity 2,076 — long-term investments - rabbi trust 7,834 7,081 noncurrent income taxes receivable — 733 long-term note receivable affiliated with discontinued operation — 830 other assets 664 643 noncurrent assets held for sale - discontinued operation — 22,112 total assets $ 215,084 $ 220,556 (dollars in thousands) 2020 2019 2018 capital expenditures (9): mattress fabrics $ 3,475 $ 2,526 $ 6,713 upholstery fabrics 348 382 488 discontinued operation 135 53 — unallocated corporate 675 14 238 total capital expenditures $ 4,633 $ 2,975 $ 7,439 depreciation expense mattress fabrics $ 6,712 $ 7,008 $ 6,850 upholstery fabrics 765 787 822 discontinued operation 350 322 — total depreciation expense $ 7,827 $ 8,117 $ 7,672 (1) The $40.7 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $27.7 million and located in Canada of $13.0 million. (2) The $44.3 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $32.4 million and located in Canada of $11.9 million. (3) The $362 at May 3, 2020, represents right of use assets located in the U.S. ( 4 ) The $1.6 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $471. ( 5 ) The $1.8 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $591. (6) The $1.6 million at May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively. ( 7 ) The $832 and $419 at May 3, 2020, and April 28, 2019, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S. (8) The $1.9 million at May 3, 2020, represents right of use assets located in the U.S. ( 9 ) Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.

Selected Quarterly Data (Unau_2

Selected Quarterly Data (Unaudited) (Tables)	12 Months Ended
	May 03, 2020
Quarterly Financial Information Disclosure [Abstract]
Summary of Selected Quarterly Data	SELECTED QUARTERLY DATA (UNAUDITED) fiscal 2020 fiscal 2020 fiscal 2020 fiscal 2020 fiscal 2019 fiscal 2019 fiscal 2019 fiscal 2019 (amounts in thousands except per share, ratios & fourth thjird second first fourth thjird second first other, stock data) quarter quarter quarter quarter quarter quarter quarter quarter INCOME STATEMENT DATA net sales $ 47,378 68,518 69,550 70,719 67,023 73,127 72,275 68,898 cost of sales (44,333 ) (56,998 ) (56,024 ) (58,307 ) (55,828 ) (60,054 ) (60,666 ) (58,998 ) gross profit from continuing operations 3,045 11,520 13,526 12,412 11,195 13,073 11,609 9,900 selling, general and administrative expenses (7,327 ) (8,831 ) (9,117 ) (9,149 ) (8,758 ) (8,677 ) (8,409 ) (7,397 ) asset impairments (13,712 ) — — — — — — — restructuring (credit) expense — 35 — 35 — 214 1,061 (451 ) (loss) income from continuing operations (17,994 ) 2,724 4,409 3,298 2,437 4,610 4,261 2,052 interest expense (84 ) — (21 ) — — — (14 ) (17 ) interest income 121 258 258 260 221 259 155 150 other expense (426 ) (282 ) (99 ) (95 ) (670 ) (294 ) (164 ) (254 ) (loss) income before income taxes from continuing operations (18,383 ) 2,700 4,547 3,463 1,988 4,575 4,238 1,931 income tax (expense) benefit (704 ) 973 (1,930 ) (1,692 ) (3,091 ) (1,274 ) (1,270 ) (906 ) (loss) income from investment in unconsolidated joint venture (65 ) (56 ) (16 ) 13 (5 ) 23 (55 ) (77 ) net (loss) income from continuing operations (19,152 ) 3,617 2,601 1,784 (1,108 ) 3,324 2,913 948 (loss) income before income taxes from discontinued operation (8,698 ) (7,824 ) (441 ) (621 ) (477 ) (313 ) 37 17 income tax benefit (expense) 25 — 32 11 74 49 (6 ) — net (loss) income from discontinued operation (8,673 ) (7,824 ) (409 ) (610 ) (403 ) (264 ) 31 17 net (loss) income $ (27,825 ) (4,207 ) 2,192 1,174 (1,511 ) 3,060 2,944 965 depreciation $ 1,946 1,987 1,988 1,905 2,030 2,031 2,041 2,015 weighted average shares outstanding 12,297 12,409 12,408 12,399 12,384 12,438 12,515 12,510 weighted average shares outstanding , assuming dilution 12,297 12,420 12,408 12,410 12,384 12,465 12,551 12,600 PER SHARE DATA net (loss) income from continuing operations per share - basic $ (1.56 ) 0.29 0.21 0.14 (0.09 ) 0.27 0.23 0.08 net (loss) income from continuing operations per share - diluted (1.56 ) 0.29 0.21 0.14 (0.09 ) 0.27 0.23 0.08 net (loss) income from discontinued operation per share - basic (0.71 ) (0.63 ) (0.03 ) (0.05 ) (0.03 ) (0.02 ) — — net (loss) income from discontinued operation per share - diluted (0.71 ) (0.63 ) (0.03 ) (0.05 ) (0.03 ) (0.02 ) — — net (loss) income per share - basic (2.26 ) (0.34 ) 0.18 0.09 (0.12 ) 0.25 0.24 0.08 net (loss) income per share - diluted (2.26 ) (0.34 ) 0.18 0.09 (0.12 ) 0.25 0.24 0.08 book value 10.56 12.93 13.01 12.91 12.91 13.16 13.04 12.90 BALANCE SHEET DATA operating working capital (3) $ 49,389 58,862 48,220 48,662 47,736 50,997 48,776 50,884 property, plant and equipment, net 43,147 44,652 45,221 45,475 46,479 48,144 49,243 51,037 total assets 215,084 212,140 233,522 226,247 220,556 225,738 223,041 227,122 capital expenditures 462 1,431 1,831 909 295 835 590 1,255 dividends paid 1,289 1,304 1,241 1,241 1,239 1,240 1,126 1,127 lines of credit and Paycheck Protection Program loan (1) 38,371 — — — — — — 4,000 shareholders' equity attributable to Culp Inc. 129,698 159,843 161,520 160,146 159,933 162,775 162,918 161,490 capital employed (2) 94,526 116,181 107,018 107,832 107,561 112,599 112,403 116,743 RATIOS & OTHER DATA gross profit margin from continuing operations 6.4% 16.8% 19.4% 17.6% 16.7% 17.9% 16.1% 14.4% operating income margin from continuing operations (38.0%) 4.0% 6.3% 4.7% 3.6% 6.3% 5.9% 3.0% net (loss) income margin from continuing operations (40.4%) 5.3% 3.7% 2.5% (1.7%) 4.5% 4.0% 1.4% effective income tax rate associated with continuing operations (3.8%) (36.0%) 42.4% 48.9% 155.5% 27.8% 30.0% 46.9% Debt-to-total capital employed ratio (1) (2) 40.6% 0% 0% 0% 0% 0% 0% 3.4% operating working capital turnover (3) 5.1 5.4 5.7 5.7 5.7 5.9 6.2 6.6 days sales in receivables 48 33 30 30 33 30 29 32 inventory turnover 3.5 4.3 4.5 4.9 4.5 5.1 5.1 4.4 STOCK DATA stock price high $ 12.93 16.92 17.49 21.08 21.06 23.84 27.78 32.05 low 5.87 12.35 13.09 16.41 17.05 18.06 21.04 23.90 close 6.91 12.63 15.35 17.39 20.74 18.47 22.31 24.75 daily average trading volume (shares) 75.9 41.6 31.4 23.5 35.6 43.3 29.8 27.0 (1) Debt represents outstanding borrowings on our lines of credit and the Paycheck Protection Program loan. (2) Capital employed does not include cash and cash equivalents, short-term investments-held-to-maturity, short-term investments-available for sale, long-term investments – rabbi trust, long-term investments-held-to-maturity, noncurrent deferred income tax assets and liabilities, current and noncurrent income taxes receivable and payable, lines of credit, Paycheck Protection Program loan, deferred compensation, and financial statement line items associated with our discontinued operation. (3) Operating working capital includes accounts receivable and inventories, less accounts payable-trade, accounts payable-capital expenditures, and deferred revenue.

General and Summary of Signif_4

General and Summary of Significant Accounting Policies - Narrative (Detail)	Mar. 31, 2020USD ($)	Jun. 22, 2018	May 03, 2020USD ($)	Feb. 02, 2020USD ($)	Nov. 03, 2019USD ($)	Aug. 04, 2019USD ($)	Apr. 28, 2019USD ($)	Jan. 27, 2019USD ($)	Oct. 28, 2018USD ($)	Jul. 29, 2018USD ($)	May 03, 2020USD ($)Segment		Apr. 28, 2019USD ($)	Apr. 29, 2018USD ($)	Apr. 29, 2019USD ($)		Apr. 30, 2018USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of Operating Segments | Segment											2
Short-term Investments			$ 923,000								$ 923,000
Long-term investments (Rabbi Trust)			7,834,000				$ 7,081,000				7,834,000		$ 7,081,000
Amortized cost of held-to-maturity investments			6,300,000				5,000,000				6,300,000		5,000,000
Fair value of held-to-maturity investments			6,400,000				5,000,000				6,400,000		5,000,000
Advertising costs, discontinued operations											1,700,000		2,200,000	$ 0
Advertising costs, continuing operations											0		0	0
Interest costs incurred on long-term debt and lines of credit											190,000		65,000	194,000
Interest costs incurred, discontinued operations											84,000		30,000
Interest costs incurred, continuing operations											106,000		35,000	194,000
Interest cost capitalized											0		0	100,000
Asset impairment charges											33,914,000		0	0
Asset impairment charges from discontinued operations											20,200,000
Asset impairments - continuing operations			13,712,000								13,712,000	[1]
Goodwill - continuing operations			0				13,569,000				$ 0		$ 13,569,000
Dividends received deduction percentage for earnings and profits received from foreign corporation											100.00%		100.00%
Dividends received deduction, foreign corporation ownership percentage											10.00%		10.00%
Accounts receivable - continuing operations			25,093,000				23,373,000				$ 25,093,000		$ 23,373,000
Accrued expenses			5,687,000				8,632,000				5,687,000		8,632,000
Cost of sales			44,333,000	$ 56,998,000	$ 56,024,000	$ 58,307,000	55,828,000	$ 60,054,000	$ 60,666,000	$ 58,998,000	$ 215,668,000		235,556,000	259,092,000
Lessee, Operating Lease, Option to Extend											renewal options for additional periods ranging up to 10 years
Right-of-use assets			3,903,000								$ 3,903,000				$ 7,191,000	[2]
Operating Lease Liability			3,821,000								3,821,000
Shipping and Handling [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Cost of sales											4,000,000		4,200,000	$ 4,600,000
Accounting Standards Update 2016-02 [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Right-of-use assets															7,200,000
Operating Lease Liability															$ 7,100,000
Restatement Adjustment [Member] | Accounting Standards Update 2014-09 [Member] | Allowance For Sales Returns And Allowances [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Accounts receivable - continuing operations																	$ 1,200,000
Accrued expenses																	$ 1,200,000
Goodwill [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Asset impairment charges											27,200,000
Trade Names [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Asset impairment charges											6,700,000
Asset impairments - continuing operations											$ 143,000
Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Operating Lease Remaining Lease Terms											1 year
Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Investment remaining maturity period											2 years
Operating Lease Remaining Lease Terms											6 years
Investments (Held-To-Maturity) [Member] | Minimum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Investment maturity period											2 years
Investments (Held-To-Maturity) [Member] | Maximum [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Investment maturity period											10 years
Short-term Investments [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Unrealized gain (loss) on investments			(9,000)								$ (9,000)
Long-term investments (Rabbi Trust) [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Unrealized gain (loss) on investments			$ 19,000				$ 40,000				$ 19,000		$ 40,000
CLIH [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage			50.00%								50.00%
eLuxury [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Majority ownership percentage acquired		80.00%
Noncontrolling interest		20.00%
Total net asset	$ 1,900,000
Loss on disposal of discontinued operation	$ 1,900,000
eLuxury [Member] | Shareholders' equity attributable to Culp Inc.
Organization And Summary Of Significant Accounting Policies [Line Items]
Net income (loss) allocation percentage		70.00%
eLuxury [Member] | Non-Controlling Interest Discontinued Operation
Organization And Summary Of Significant Accounting Policies [Line Items]
Net income (loss) allocation percentage		30.00%
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.
[2]	Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.

General and Summary of Signif_5

General and Summary of Significant Accounting Policies - Summary of Cash and Cash Equivalents by Geographic Area (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
cash and cash equivalents	$ 69,790	$ 40,008
United States [Member]
cash and cash equivalents	58,057	28,078
China [Member]
cash and cash equivalents	10,531	9,670
Canada [Member]
cash and cash equivalents	1,160	2,196
Cayman Islands [Member]
cash and cash equivalents	$ 42	$ 64

General and Summary of Signif_6

General and Summary of Significant Accounting Policies - Summary of Short-Term Investments by Geographic Area (Detail)	May 03, 2020USD ($)
Schedule Of Investments [Line Items]
Short-term investments	$ 923,000
United States [Member]
Schedule Of Investments [Line Items]
Short-term investments	$ 923,000

General and Summary of Signif_7

General and Summary of Significant Accounting Policies - Summary of Foreign Currency Exchange Gains (Losses) by Geographic Area (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	$ (96)	$ (62)	$ (306)
China [Member]
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	42		(298)
Canada [Member]
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)	$ (138)	2	$ (8)
Europe [Member]
Foreign Currency Exchange Gain And Loss [Line Items]
Foreign currency exchange gains (losses)		$ (64)

Business Combination - Narrativ

Business Combination - Narrative (Detail) - USD ($)	Apr. 01, 2018	Jul. 31, 2019	May 31, 2018	May 03, 2020	May 03, 2020		Apr. 29, 2018
Business Acquisition [Line Items]
Goodwill asset impairments				$ 13,712,000	$ 13,712,000	[1]
Read Window Products, LLC [Member]
Business Acquisition [Line Items]
Purchase price	$ 5,700,000
Payment for acquisition	$ 4,500,000	$ 763,000	$ 375,000
Goodwill, statutory period deductible for income tax purposes					15 years
Goodwill asset impairments					$ 2,100,000
Contingent consideration arrangement, description					The Asset Agreement contains a contingent consideration arrangement that required us to pay a former shareholder of Read an earn-out payment based on adjusted EBITDA, as defined in the Asset Agreement, for calendar year 2018 in excess of fifty percent of a pre-established adjusted EBITDA.
Contingent consideration arrangement, basis for amount					Based on actual financial results in relation to the pre-established adjusted EBITDA target, a contingent payment was not required under the terms of the Asset Agreement, and therefore, no contingent liability has been recorded.
Revenue							$ 880,000
Net income (loss)							5,000
Read Window Products, LLC [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Business acquisition costs							$ 339,000
Read Window Products, LLC [Member] | Minimum [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant and equipment, useful life					3 years
Read Window Products, LLC [Member] | Maximum [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant and equipment, useful life					10 years
Read Window Products, LLC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets, useful life	9 years				9 years
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.

Business Combination - Schedule

Business Combination - Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed (Detail) - USD ($)	May 03, 2020	Apr. 28, 2019	Apr. 01, 2018
Business Acquisition [Line Items]
Goodwill	$ 0	$ 13,569,000
Read Window Products, LLC [Member]
Business Acquisition [Line Items]
Goodwill			$ 2,107,000
Inventory			1,128,000
Accounts receivable			897,000
Property, plant & equipment			379,000
Other assets			35,000
Deferred revenue			(903,000)
Accounts payable			(719,000)
Accrued expenses			(174,000)
Assets acquired and liabilities assumed, net			5,680,000
Read Window Products, LLC [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Customer relationships			2,247,000
Read Window Products, LLC [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Tradename			$ 683,000

Business Combination - Schedu_2

Business Combination - Schedule of Unaudited Pro Forma Consolidated Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Business Combinations [Abstract]
Net Sales	$ 256,166	$ 281,325	$ 334,953
(Loss) income from continuing operations	(7,568)	13,351	26,799
Net (loss) income from continuing operations	(11,158)	6,071	20,455
Net loss from discontinued operation	(17,509)	(613)
Net (loss) income	$ (28,667)	$ 5,458	$ 20,455
net (loss) income from continuing operations per share-basic	$ (0.90)	$ 0.49	$ 1.65
net (loss) income from continuing operations per share-diluted	(0.90)	0.48	1.62
net loss from discontinued operation per share-basic	(1.41)	(0.05)
net loss from discontinued operation per share-diluted	(1.41)	(0.05)
Net (loss) income per share - basic	(2.32)	0.44	1.65
Net (loss) income per share - diluted	$ (2.32)	$ 0.43	$ 1.62

Home Accessories Segment - Narr

Home Accessories Segment - Narrative (Detail) - USD ($)	Mar. 31, 2020	Jun. 22, 2018	May 03, 2020	Sep. 30, 2019	Aug. 31, 2018	Feb. 02, 2020	May 03, 2020	Apr. 28, 2019
Discontinued Operations [Line Items]
Contingent consideration-earn-out obligation								$ 5,856,000
Loss on disposal of discontinued operation							$ (1,606,000)
Leases, monthly payments							$ 2,524,000
eLuxury [Member]
Discontinued Operations [Line Items]
Noncontrolling interest			20.00%				20.00%
eLuxury [Member]
Discontinued Operations [Line Items]
Amount of consideration received in sale of ownership interest	$ 509,500
Amount of settlement of borrowings payable by eLuxury under the agreement	300,000
Amount of loan, borrowers agreed to repay after closing of sale transaction	$ 1,000,000
Disposal group loan amount closing period after sale transaction	30 days
Outstanding trade accounts payable from disposal group	$ 613,000
Trade accounts payable, repayment period	60 days
Loss on disposal of discontinued operation	$ 1,900,000
Net sales and cost of sales related to inventory shipments			$ 7,000
eLuxury [Member] | Discontinued Operations [Member]
Discontinued Operations [Line Items]
Net cash (used in) provided by operating activities discontinued operations							$ (2,300,000)	(1,500,000)
Net cash (used in) provided by investing activities discontinued operation							(134,000)	(54,000)
Noncntrolling interest of eluxury							2,400,000	1,500,000
Loss on disposal of discontinued operation							1,900,000
Loss on disposal of discontinued operation							1,600,000
Cash held for former noncontrolling interests							$ 285,000
eLuxury [Member]
Discontinued Operations [Line Items]
Majority ownership percentage acquired		80.00%	80.00%				80.00%
Consideration for acquisition		$ 18,130,000
Purchase price		12,500,000
Contingent consideration-earn-out obligation		5,600,000
Payment for acquisition		$ 11,600,000		$ 749,000	$ 185,000
Goodwill, statutory period deductible for income tax purposes							15 years
Loss on disposal of discontinued operation	$ 1,900,000
Contingent consideration arrangement, description							The Equity Agreement contained a contingent consideration arrangement that required us to pay the seller, who was 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
Reversal of contingent consideration, earn-out obligation						$ 6,100,000
Disposal date							Mar. 31, 2020
Net sales and cost of sales related to inventory shipments							$ 968,000	612,000
Unpaid lease payments guarantees percentage							70.00%
Lease agreement expiry date							2024-09
Leases, monthly payments							$ 18,865
eLuxury [Member] | Shareholders' equity attributable to Culp Inc. [Member]
Discontinued Operations [Line Items]
Net income (loss) allocation percentage							70.00%
eLuxury [Member] | Non-Controlling Interest [Member]
Discontinued Operations [Line Items]
Net income (loss) allocation percentage							30.00%
eLuxury [Member] | Selling, General and Administrative Expenses [Member]
Discontinued Operations [Line Items]
Business acquisition costs								$ 270,000
eLuxury [Member] | Minimum [Member] | Equipment [Member]
Discontinued Operations [Line Items]
Property, plant and equipment, useful life							5 years
eLuxury [Member] | Maximum [Member] | Equipment [Member]
Discontinued Operations [Line Items]
Property, plant and equipment, useful life							10 years

Home Accessories Segment - Sche

Home Accessories Segment - Schedule of Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed (Detail) - USD ($)	May 03, 2020	Apr. 28, 2019	Jun. 22, 2018
Business Acquisition [Line Items]
Goodwill	$ 0	$ 13,569,000
eLuxury [Member]
Business Acquisition [Line Items]
Goodwill			$ 13,653,000
Inventory			1,804,000
Accounts receivable and other current assets			108,000
Accounts payable			(1,336,000)
Accrued expenses			(295,000)
Non-controlling interest in eLuxury			(4,532,000)
Assets acquired and liabilities assumed, net			18,130,000
eLuxury [Member] | Equipment [Member]
Business Acquisition [Line Items]
Property, plant & equipment			2,179,000
eLuxury [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Tradename			$ 6,549,000

Home Accessories Segment - Summ

Home Accessories Segment - Summary of Disposal of Discontinued Operation on Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Apr. 28, 2019
current assets:
total current assets held for sale - discontinued operation		$ 3,707
total noncurrent assets held for sale - discontinued operation		22,112
current liabilities:
total current liabilities held for sale - discontinued operation		2,213
total noncurrent liabilities held for sale - discontinued operation		1,505
Discontinued Operations [Member] | eLuxury [Member]
current assets:
cash and cash equivalents	$ 285
accounts receivable	588
inventories	3,344
other current assets	170
total current assets held for sale - discontinued operation	4,387
property, plant, and equipment	1,694
right of use asset	918
total noncurrent assets held for sale - discontinued operation	2,612
total assets	6,999
current liabilities:
accounts -payable trade	1,394
operating lease liability - current	195
accrued expenses	351
total current liabilities held for sale - discontinued operation	1,940
loan payable - Culp Inc.	1,500
subordinated loan payable - noncontrolling interest	925
operating lease liability - long-term	743
total noncurrent liabilities held for sale - discontinued operation	3,168
total liabilities	5,108
total net assets of discontinued operation	$ 1,891
Discontinued Operations Held-for-sale [Member] | eLuxury [Member]
current assets:
accounts receivable		378
inventories		3,296
other current assets		33
total current assets held for sale - discontinued operation		3,707
property, plant, and equipment		1,910
goodwill		13,653
intangible asset		6,549
total noncurrent assets held for sale - discontinued operation		22,112
total assets		25,819
current liabilities:
accounts -payable trade		1,653
accrued expenses		560
total current liabilities held for sale - discontinued operation		2,213
loan payable - Culp Inc.		830
subordinated loan payable - noncontrolling interest		675
total noncurrent liabilities held for sale - discontinued operation		1,505
total liabilities		3,718
total net assets of discontinued operation		$ 22,101

Home Accessories Segment - Su_2

Home Accessories Segment - Summary of Loss from Discontinued Operation on Consolidated Statements of Net (Loss) Income (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
loss before income taxes from discontinued operation		$ (8,698)	$ (7,824)	$ (441)	$ (621)	$ (477)	$ (313)	$ 37	$ 17	$ (17,577)	$ (726)
income tax benefit		25		32	11	74	49	(6)		68	113
net (loss) income from discontinued operation		$ (8,673)	$ (7,824)	$ (409)	$ (610)	$ (403)	$ (264)	$ 31	$ 17	(17,509)	(613)
Discontinued Operations [Member] | eLuxury [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
net sales										13,763	15,956
cost of sales										(10,953)	(11,527)
gross profit										2,810	4,429
selling, general and administrative expenses										(4,100)	(5,162)
asset impairments	[1]									(20,202)
reversal of contingent consideration - earn-out obligation	[2]									5,856
interest expense	[3]									(84)	(30)
other income										34	37
loss from discontinued operation related to major classes of loss before income taxes										(15,686)	(726)
loss on disposal of discontinued operation										(1,891)
loss before income taxes from discontinued operation	[4]									(17,577)	(726)
income tax benefit										68	113
net (loss) income from discontinued operation										$ (17,509)	$ (613)
[1]	During fiscal 2020, we recorded asset impairment charges totaling $20.2 million, of which $13.6 million and $6.6 million pertained to the goodwill and tradename, respectively. Of the total asset impairment charge totaling $20.2 million, $13.6 million, and $6.6 million were recorded in the 3rd and 4th quarters, respectively. See notes 8, 9, and 17 located in the notes to the consolidated financial statements for further details of our assessments that resulted in the impairment of the goodwill and tradename associated with this discontinued operation.
[2]	See separate section below titled “Contingent Consideration” for further details.
[3]	Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the noncontrolling interest) or required to be paid to Culp Inc. based on the terms of the sale agreement.
[4]	See separate section below titled “Consolidation and Deconsolidation” for further details.

Home Accessories Segment - Su_3

Home Accessories Segment - Summary of Loss from Discontinued Operation on Consolidated Statements of Net (Loss) Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	May 03, 2020	May 03, 2020	Feb. 02, 2020	May 03, 2020
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Asset impairment charges	$ 13,712			$ 13,712	[1]
Discontinued Operations [Member] | eLuxury [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Asset impairment charges		$ 20,200	$ 20,200	20,200
Impairment charges of goodwill		13,600	13,600	13,600
Impairment charges of tradename		$ 6,600	$ 6,600	$ 6,600
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.

Home Accessories Segment - Su_4

Home Accessories Segment - Summary of Net (Loss) Income from Continuing Operations, Loss from Discontinued Operation, and Net (Loss) Income Attributable to Common Shareholders and Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
net (loss) income from continuing operations	$ (19,152)	$ 3,617	$ 2,601	$ 1,784	$ (1,108)	$ 3,324	$ 2,913	$ 948	$ (11,158)	$ 6,071	$ 20,877
net loss from discontinued operation	(8,673)	(7,824)	(409)	(610)	(403)	(264)	31	17	(17,509)	(613)
net (loss) income	$ (27,825)	$ (4,207)	$ 2,192	$ 1,174	$ (1,511)	$ 3,060	$ 2,944	$ 965	(28,667)	5,458	20,877
Discontinued Operations [Member] | eLuxury [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
net (loss) income from continuing operations									(11,158)	6,071	20,877
net (loss) income from continuing operations attributable to Culp Inc. common shareholders									(11,158)	6,071	20,877
net loss from discontinued operation									(17,509)	(613)
net loss from discontinued operation attributable to noncontrolling interest									4,674	218
net loss from discontinued operation attributable to Culp Inc. common shareholders									(12,835)	(395)
net (loss) income									(28,667)	5,458	20,877
net loss from noncontrolling interest									4,674	218
net (loss) income attributable to Culp Inc. common shareholders									$ (23,993)	$ 5,676	$ 20,877

Accounts Receivable - Summary o

Accounts Receivable - Summary of Accounts Receivable (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019		Apr. 29, 2018	Apr. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
customers	$ 25,649	$ 24,370
Accounts receivable, net	25,093	23,751	[1]
Allowance for doubtful accounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	(472)	(393)		$ (357)	$ (414)
Allowance for cash discounts [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	(68)	(186)
Allowance for sales returns and allowances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation allowance, balance	$ (16)	$ (40)
[1]	At April 28, 2019, accounts receivable totaled $23.8 million, of which $23.4 million and $378,000 were classified as accounts receivable and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Accounts Receivable - Summary_2

Accounts Receivable - Summary of Accounts Receivable (Parenthetical) (Detail)	Apr. 28, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 23,800,000
Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	23,400,000
Current Assets Held for Sale - Discontinued Operation [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 378,000

Accounts Receivable - Allowance

Accounts Receivable - Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Valuation and Qualifying Accounts Disclosure [Line Items]
beginning balance	$ (393)	$ (357)	$ (414)
provision for bad debts	(79)	(84)	57
write-offs, net of recoveries		48
ending balance	$ (472)	$ (393)	$ (357)

Accounts Receivable - Allowan_2

Accounts Receivable - Allowance for Returns and Allowances and Discounts (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Valuation and Qualifying Accounts Disclosure [Line Items]
adoption of ASC Topic 606	[1]	$ 119	$ 88	$ 118
Reserve for returns and allowances and discounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
beginning balance		(226)	(1,433)	(1,220)
provision for returns and allowances and discounts		(1,603)	(2,180)	(3,295)
credits issued and discounts taken		1,745	2,242	3,082
ending balance		$ (84)	(226)	$ (1,433)
Reserve for returns and allowances and discounts [Member] | Adjustments Due to ASC 606 Adoption [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
adoption of ASC Topic 606			$ 1,145
[1]	Amounts pertain to a change in estimate of the recoverability of certain U.S. state loss carryforward balances as of the end of the respective prior fiscal year.

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	3 Months Ended								12 Months Ended
	May 03, 2020USD ($)	Feb. 02, 2020USD ($)	Nov. 03, 2019USD ($)	Aug. 04, 2019USD ($)	Apr. 28, 2019USD ($)	Jan. 27, 2019USD ($)	Oct. 28, 2018USD ($)	Jul. 29, 2018USD ($)	May 03, 2020USD ($)Segment	Apr. 28, 2019USD ($)	Apr. 29, 2018USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment									2
net sales	$ 47,378,000	$ 68,518,000	$ 69,550,000	$ 70,719,000	$ 67,023,000	$ 73,127,000	$ 72,275,000	$ 68,898,000	$ 256,166,000	$ 281,325,000	$ 323,725,000
Contract assets recognized	$ 0				$ 0				$ 0	0
Minimum [Member]
Contract Assets and Liabilities [Line Items]
Contract with customers credit period									15 days
Maximum [Member]
Contract Assets and Liabilities [Line Items]
Contract with customers credit period									60 days
Discontinued Operations [Member] | Home Accessories [Member]
Contract Assets and Liabilities [Line Items]
net sales									$ 13,800,000	$ 16,000,000

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the activity for deferred revenue (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019
Revenue From Contract With Customer [Abstract]
Beginning Balance	$ 399	$ 809
Revenue recognized on contract liabilities during the period	(2,356)	(2,725)
Payments received for services not yet rendered during the period	2,459	2,315
Ending Balance	$ 502	$ 399

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 47,378	$ 68,518	$ 69,550	$ 70,719	$ 67,023	$ 73,127	$ 72,275	$ 68,898	$ 256,166	$ 281,325	$ 323,725
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									245,566	270,965
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									10,600	10,360
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									131,412	145,671
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									131,412	145,671
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									124,754	135,654
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									114,154	125,294
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales									$ 10,600	$ 10,360

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Inventory Disclosure [Abstract]
raw materials	$ 7,823	$ 5,617
work-in-process	1,958	2,289
finished goods	38,126	42,954
Inventories	$ 47,907	$ 50,860	[1]
[1]	At April 28, 2019, inventory totaled $50.9 million, of which $47.6 million and $3.3 million were classified as inventory and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Inventories - Summary of Inve_2

Inventories - Summary of Inventories (Parenthetical) (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Inventory [Line Items]
Inventories	$ 47,907	$ 50,860	[1]
inventories	$ 47,907	47,564
Inventories [Member]
Inventory [Line Items]
inventories		47,600
Current Assets Held For Sale - Discontinued Operation [Member]
Inventory [Line Items]
inventories		$ 3,300
[1]	At April 28, 2019, inventory totaled $50.9 million, of which $47.6 million and $3.3 million were classified as inventory and within current assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Summary of Property, Plant and

Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019
Property, Plant and Equipment [Line Items]
land and improvements	$ 909	$ 838
buildings and improvements	31,047	30,712
leasehold improvements	2,288	2,180
machinery and equipment	60,703	72,641
office furniture and equipment	8,819	9,834
capital projects in progress	1,958	1,263
property, plant and equipment, gross	105,724	117,468
accumulated depreciation	(62,577)	(69,079)
property, plant and equipment, net	$ 43,147	$ 48,389	[1]
Land and Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	0 years
Land and Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	10 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	7 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	40 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	Shorter of life of lease or useful life.
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	12 years
Office Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	3 years
Office Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
depreciable lives	10 years
[1]	At April 28, 2019, property, plant and equipment totaled $48.4 million, of which $46.5 million and $1.9 million were classified as property, plant, and equipment and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Summary of Property, Plant an_2

Summary of Property, Plant and Equipment (Parenthetical) (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Property, Plant and Equipment [Line Items]
property, plant and equipment, net	$ 43,147	$ 48,389	[1]
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
property, plant and equipment, net		46,500
Noncurrent Assets Held for Sale – Discontinued Operation [Member]
Property, Plant and Equipment [Line Items]
property, plant and equipment, net		$ 1,900
[1]	At April 28, 2019, property, plant and equipment totaled $48.4 million, of which $46.5 million and $1.9 million were classified as property, plant, and equipment and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019		Apr. 29, 2018	Apr. 30, 2017
Intangible Assets [Line Items]
Tradenames	$ 540	$ 7,232		$ 683	$ 683
Intangible assets	3,380	10,448	[1]
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	2,238	2,538		2,839	664
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 602	$ 678		$ 753	$ 828
[1]	At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Intangible Assets - Summary o_2

Intangible Assets - Summary of Intangible Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Intangible Assets [Line Items]
Intangible assets	$ 3,380	$ 10,448	[1]
Continuing Operation [Member]
Intangible Assets [Line Items]
Intangible assets		3,900
Discontinued Operations Held-for-sale [Member]
Intangible Assets [Line Items]
Intangible assets		$ 6,600
[1]	At April 28, 2019, intangible assets totaled $10.5 million, of which $3.9 million and $6.6 million were classified as intangible assets and within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets.

Intangible Asset - Tradenames (

Intangible Asset - Tradenames (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 7,232	$ 683	$ 683
acquisition of assets (note 3)		6,549
Ending balance	540	7,232	$ 683
Continuing Operation [Member]
Finite Lived Intangible Assets [Line Items]
loss on impairment	(143)
Discontinued Operations [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	6,600
loss on impairment	$ (6,549)
Ending balance		$ 6,600

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	Apr. 01, 2018	May 03, 2020	Feb. 02, 2020	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	Apr. 30, 2017
Intangible Assets [Line Items]
Tradenames		$ 540,000		$ 540,000	$ 7,232,000	$ 683,000	$ 683,000
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]
Finite-lived intangible assets, net		2,238,000		2,238,000	2,538,000	2,839,000	664,000
Accumulated amortization		877,000		877,000	577,000
Remaining amortization expense for the fiscal year		301,000		301,000
Remaining amortization expense for the second fiscal year		301,000		301,000
Remaining amortization expense for the third fiscal year		301,000		301,000
Remaining amortization expense for the fourth fiscal year		301,000		301,000
Remaining amortization expense for the fifth fiscal year		301,000		301,000
Remaining amortization expense for the fiscal year thereafter		733,000		$ 733,000
Weighted average remaining amortization period				7 years 7 months 6 days
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net		602,000		$ 602,000	678,000	$ 753,000	$ 828,000
Accumulated amortization		1,400,000		1,400,000	1,400,000
Remaining amortization expense for the fiscal year		75,000		75,000
Remaining amortization expense for the second fiscal year		75,000		75,000
Remaining amortization expense for the third fiscal year		75,000		75,000
Remaining amortization expense for the fourth fiscal year		75,000		75,000
Remaining amortization expense for the fifth fiscal year		75,000		75,000
Remaining amortization expense for the fiscal year thereafter		227,000		$ 227,000
Weighted average remaining amortization period				8 years
Read Window Products, LLC [Member] | Customer Relationships [Member]
Intangible Assets [Line Items]
Customer relationships	$ 2,247,000
Finite-lived intangible assets, useful life	9 years			9 years
Prior Acquisition [Member] | Mattress Fabrics [Member] | Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, useful life				17 years
Finite-lived intangible assets, net		510,000		$ 510,000
Prior Acquisition [Member] | Mattress Fabrics [Member] | Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, useful life				15 years
Continuing Operation [Member]
Intangible Assets [Line Items]
Impairment charge				$ 143,000
Continuing Operation [Member] | Read Window Products, LLC [Member]
Intangible Assets [Line Items]
Tradenames					683,000
Impairment charge				143,000
Discontinued Operations [Member]
Intangible Assets [Line Items]
Tradenames					$ 6,600,000
Impairment charge				6,549,000
Discontinued Operations [Member] | eLuxury [Member] | Home Accessories [Member]
Intangible Assets [Line Items]
Impairment charge		$ 4,200,000	$ 2,400,000	$ 6,600,000

Intangible Assets - Summary o_3

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Finite Lived Intangible Assets [Line Items]
acquisition of assets (note 3)		$ 6,549
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 2,538	2,839	$ 664
acquisition of assets (note 3)			2,247
Amortization expense	(300)	(301)	(72)
Ending balance	2,238	2,538	2,839
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	678	753	828
Amortization expense	(76)	(75)	(75)
Ending balance	$ 602	$ 678	$ 753

Goodwill - Summary of Change in

Goodwill - Summary of Change in Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020		Apr. 28, 2019		Apr. 29, 2018
Goodwill [Line Items]
beginning balance	$ 27,222	[1]	$ 13,569		$ 11,462
acquisition of assets (notes 2 and 3)			13,653		2,107
ending balance			$ 27,222	[1]	$ 13,569
Continuing Operation [Member]
Goodwill [Line Items]
loss on impairment	(13,569)
Discontinued Operations [Member]
Goodwill [Line Items]
loss on impairment	$ (13,653)
[1]	At April 28, 2019, goodwill totaled $27.2 million, of which $13.6 million was classified as goodwill and $13.6 million was classified within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Goodwill - Summary of Change _2

Goodwill - Summary of Change in Carrying Amount of Goodwill (Parenthetical) (Detail) - USD ($)	May 03, 2020	Apr. 28, 2019		Apr. 29, 2018	Apr. 30, 2017
Goodwill [Line Items]
Goodwill		$ 27,222,000	[1]	$ 13,569,000	$ 11,462,000
goodwill	$ 0	13,569,000
Goodwill [Member]
Goodwill [Line Items]
goodwill		13,600,000
Noncurrent Assets Held for Sale – Discontinued Operation [Member]
Goodwill [Line Items]
goodwill		$ 13,600,000
[1]	At April 28, 2019, goodwill totaled $27.2 million, of which $13.6 million was classified as goodwill and $13.6 million was classified within noncurrent assets held for sale – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Goodwill - Narrative (Detail)

Goodwill - Narrative (Detail) - USD ($)	3 Months Ended		12 Months Ended
	May 03, 2020	Feb. 02, 2020	May 03, 2020		Apr. 28, 2019
Goodwill [Line Items]
goodwill	$ 0		$ 0		$ 13,569,000
Asset impairment charges	13,712,000		13,712,000	[1]
Continuing Operation [Member]
Goodwill [Line Items]
goodwill					13,600,000
Asset impairment charges			13,600,000
Continuing Operation [Member] | Mattress Fabrics [Member]
Goodwill [Line Items]
goodwill					11,500,000
Continuing Operation [Member] | Upholstery Fabrics [Member]
Goodwill [Line Items]
goodwill					2,100,000
Discontinued Operations [Member]
Goodwill [Line Items]
goodwill					$ 13,600,000
Asset impairment charges	$ 2,400,000	$ 11,200,000	$ 13,600,000
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Venture - Narrative (Detail)	Feb. 29, 2020USD ($)	May 31, 2020USD ($)	May 03, 2020USD ($)ft²	Feb. 02, 2020USD ($)	Nov. 03, 2019USD ($)	Aug. 04, 2019USD ($)	Apr. 28, 2019USD ($)	Jan. 27, 2019USD ($)	Oct. 28, 2018USD ($)	Jul. 29, 2018USD ($)	May 03, 2020USD ($)ft²	Apr. 28, 2019USD ($)	Apr. 29, 2018USD ($)	Dec. 20, 2019USD ($)ft²	Nov. 01, 2019USD ($)
Schedule of Equity Method Investments [Line Items]
Income (loss) from investment in unconsolidated joint venture			$ (65,000)	$ (56,000)	$ (16,000)	$ 13,000	$ (5,000)	$ 23,000	$ (55,000)	$ (77,000)	$ (125,000)	$ (114,000)	$ (266,000)
Investment in unconsolidated joint venture			$ 1,602,000				1,508,000				$ 1,602,000	1,508,000
CLIH [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			50.00%								50.00%
Area of facility | ft²			80,000								80,000
Area of additional plant facility | ft²														40,000
Contractual obligation														$ 1,200,000
Payments to acquire additional plant facility	$ 600,000
Payments to acquire additional plant facility, remaining															$ 420,000
Unconsolidated joint venture, net Income (loss)											$ (250,000)	(227,000)	(532,000)
Income (loss) from investment in unconsolidated joint venture											(125,000)	(114,000)	$ (266,000)
Investment in unconsolidated joint venture			$ 1,600,000				$ 1,500,000				$ 1,600,000	$ 1,500,000
CLIH [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Payments to acquire additional plant facility		$ 180,000

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Venture - Summary of Equity Method Investment (Detail) - CLIH [Member] - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Schedule of Equity Method Investments [Line Items]
total assets	$ 3,338	$ 3,126
total liabilities	133	111
total members’ equity	$ 3,205	$ 3,015

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Payables And Accruals [Abstract]
compensation, commissions and related benefits	$ 3,038	$ 4,229
interest	9	4
other	2,807	5,292
Accrued expenses	$ 5,854	$ 9,525

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Detail) - USD ($)	May 03, 2020	Apr. 28, 2019
Payables and Accruals [Line Items]
Accrued expenses	$ 5,854,000	$ 9,525,000
Current accrued expenses	5,687,000	8,632,000
Long-term accrued expenses	$ 167,000	333,000
Current Liabilities Held For Sale - Discontinued Operation [Member]
Payables and Accruals [Line Items]
Accrued expenses		$ 560,000

2019 Upholstery Fabrics Restr_3

2019 Upholstery Fabrics Restructuring Plan - Summary of Restructuring Credit and Related Charges Associated with 2019 Upholstery Fabrics Restructuring Plan (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019
Restructuring Cost and Reserve [Line Items]
gain on sale of property, plant, and equipment		$ (238)	$ (1,452)
Restructuring credit and restructuring related charges	[1],[2]	(70)	1,563
Upholstery Fabrics [Member]
Restructuring Cost and Reserve [Line Items]
Inventory markdowns			1,564
Other operating costs associated with a closed facility			824
Employee termination benefits		(70)	661
gain on sale of property, plant, and equipment			(1,486)
Restructuring credit and restructuring related charges	[3],[4]	$ (70)	$ 1,563
[1]	Of this total net charge, a charge of $2.3 million, a charge of $40, and a credit of $825 were recorded in cost of sales, selling, general, and administrative expenses, and restructuring credit, respectively, in the fiscal 2019 Consolidated Statement of Net Income.
[2]	The $1.6 million represent charges and credits that were associated our closed Anderson, SC upholstery fabrics facility and include $1.6 million for inventory markdowns, $784 for other operating costs, $661 for employee termination benefits, and $40 for the accelerated vesting of certain stock-based compensation agreements associated an employee, partially offset by a $1.5 million gain on the sale of property, plant, and equipment.
[3]	Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the accompanying fiscal 2019 Consolidated Statement of Net Income.
[4]	The $70,000 credit was recorded to restructuring credit in the accompanying fiscal 2020 Consolidated Statement of Net Loss.

2019 Upholstery Fabrics Restr_4

2019 Upholstery Fabrics Restructuring Plan - Summary of Restructuring Credit and Related Charges Associated with 2019 Upholstery Fabrics Restructuring Plan (Parenthetical) (Detail) - USD ($)	12 Months Ended
	May 03, 2020	Apr. 28, 2019
Cost of Sales [Member]
Restructuring Related Charges		$ 2,300,000
Selling, General and Administrative Expenses [Member]
Restructuring Related Charges		40,000
Upholstery Fabrics [Member]
Restructuring credit	$ 70,000	825,000
Upholstery Fabrics [Member] | Cost of Sales [Member]
Restructuring Related Charges		2,300,000
Upholstery Fabrics [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Related Charges		$ 40,000

2019 Upholstery Fabrics Restr_5

2019 Upholstery Fabrics Restructuring Plan - Summary of Activity in Restructuring Accrual (Detail) - USD ($) $ in Thousands	12 Months Ended
	May 03, 2020	Apr. 28, 2019
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 124
Ending balance		$ 124
Upholstery Fabrics [Member] | Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	124
Accrual established in fiscal 2019		451
Payments	(54)	(538)
Adjustments	$ (70)	211
Ending balance		$ 124

Lines of Credit and Paycheck _2

Lines of Credit and Paycheck Protection Plan Loan - Narrative (Detail)	Jun. 30, 2020	Mar. 27, 2020USD ($)	Apr. 28, 2019USD ($)	Jun. 30, 2020USD ($)	May 02, 2021USD ($)	May 03, 2020USD ($)	Apr. 28, 2019USD ($)	Apr. 29, 2018USD ($)	May 03, 2020CNY (¥)	Apr. 15, 2020USD ($)	Mar. 26, 2020USD ($)
Line Of Credit Facility [Line Items]
Outstanding amount						$ 29,750,000
Repayments of debt							$ 12,000,000	$ 19,000,000
Paycheck Protection Program (PPP) loan amount						7,606,000
Interest paid during the year						$ 124,000	54,000	$ 181,000
Paycheck Protection Program, CARES Act [Member]
Line Of Credit Facility [Line Items]
Paycheck Protection Program (PPP) loan amount										$ 7,600,000
Revolving Credit Facility [Member] | United States [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity			$ 25,000,000				25,000,000
Maximum amount of letters of credit			$ 1,000,000				$ 1,000,000
Expiration date			Aug. 15, 2020
Percentage of common stock in subsidiary pledge as collateral						65.00%
Applicable interest rate at end of period			3.93%			1.75%	3.93%		1.75%
Interest rate description						Interest was charged at a rate as a variable spread over LIBOR based on our ratio of debt to EBITDA.
Reference rate on which the interest rate is based						LIBOR
Letters of credit, outstanding amount			$ 250,000			$ 250,000	$ 250,000
Outstanding amount			0			29,800,000	0
Repayments of debt				$ 29,800,000
Revolving Credit Facility [Member] | United States [Member] | Sixth Amendment to Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity		$ 30,000,000									$ 25,000,000
Unencumbered liquid assets maintenance covenant		$ 10,000,000									$ 15,000,000
Minimum EBITDA to interest expense ratio		3.00%
Revolving Credit Facility [Member] | United States [Member] | Sixth Amendment to Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Debt to EBITDA ratio		3.00%
Fourth price level for ratio of debt to EBITDA		3.00%
Revolving Credit Facility [Member] | United States [Member] | Sixth Amendment to Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Fourth price level for ratio of debt to EBITDA		2.25%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Scenario Forecast [Member]
Line Of Credit Facility [Line Items]
Annual capital expenditures					$ 10,000,000
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Reduced percentage of allowable liens and other indebtedness				5.00%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Price Level I [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Percentage of pricing matrix increased	1.60%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Price Level II [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Percentage of pricing matrix increased	2.05%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Price Level III [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Percentage of pricing matrix increased	2.50%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Price Level IV [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Percentage of pricing matrix increased	3.00%
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [Member] | Maximum [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Maximum allowable payment of dividends or stock repurchase				$ 10,000,000
Revolving Credit Facility [Member] | United States [Member] | Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Remaining letters of credit						750,000
Revolving credit agreement [Member] | China [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity						$ 5,700,000			¥ 40,000,000
Expiration date						Dec. 4, 2020
Applicable interest rate at end of period						2.41%			2.41%
Interest rate description						Interest is charged at a rate (applicable interest rate of 2.41% at May 3, 2020) determined by the Chinese government
Outstanding amount			$ 0			$ 1,000,000	$ 0
Repayments of debt				$ 1,000,000

Income Taxes - 2017 Tax Cuts an

Income Taxes - 2017 Tax Cuts and Jobs Act - Narrative (Detail) - USD ($)	3 Months Ended		12 Months Ended
	May 03, 2020	Jan. 27, 2019	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Taxes [Line Items]
Federal statutory income tax rate	21.00%		21.00%	21.00%	30.40%
Provisional income tax (benefit) expense for re-measurement of U.S. deferred income taxes					$ 2,200,000
Provisional income tax (benefit) expense for re-measurement of U.S. deferred income taxes		$ (268,000)		$ (268,000)
Provisional income tax (benefit) expense Transition Tax					(4,300,000)
Provisional benefit for release of deferred income tax liabilities related to earnings and profits not permanently reinvested					(18,000,000)
Provisional benefit for reduction in U.S. Federal income tax rate pursuant to the Tax Act on effective settlement of IRS exam					(11,700,000)
Provisional charge for write-off and establishment of valuation allowance against unused foreign tax credits					25,400,000
Provisional income tax (benefit) expense Transition Tax		$ (282,000)		(282,000)
Two Thousand Seventeen Tax Cuts and Jobs Act [Member] | Foreign Earnings And Profits [Member]
Income Taxes [Line Items]
Provisional income tax benefits associated with Transition Tax					$ (4,300,000)
GILTI [Member]
Income Taxes [Line Items]
Income tax charge of during period			$ 1,900,000	$ 2,100,000

Income Taxes - Allocation of In

Income Taxes - Allocation of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
(loss) income from continuing operations	$ 704	$ (973)	$ 1,930	$ 1,692	$ 3,091	$ 1,274	$ 1,270	$ 906	$ 3,354	$ 6,537	$ 5,740
loss from discontinued operations	$ (25)		$ (32)	$ (11)	$ (74)	$ (49)	$ 6		(68)	(113)
Total income tax expense									$ 3,286	$ 6,424	$ 5,740

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expense (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
current
federal											$ (1,492)	$ (1,367)
state										$ 7	27	9
2017 Tax Cuts and Jobs Act											(282)	4,854
foreign										4,248	6,144	4,726
uncertain income tax positions										725
current income tax expense										4,980	4,397	8,222
deferred
federal										(1,875)	3,236	4,295
state										(103)	(96)	112
2017 Tax Cuts and Jobs Act	[1]										(268)	(6,903)
undistributed earnings – foreign subsidiaries										(114)	3,735	(195)
U.S. Federal & State carryforwards and credits										(1,307)	74
uncertain income tax positions										(380)
foreign										(247)	(85)	93
valuation allowance	[1]									2,400	(4,456)	116
deferred income tax expense										(1,626)	2,140	(2,482)
income tax expense		$ 704	$ (973)	$ 1,930	$ 1,692	$ 3,091	$ 1,274	$ 1,270	$ 906	$ 3,354	$ 6,537	$ 5,740
[1]	The income tax benefit of $6,903 recorded during fiscal 2018 included a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that were not more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. The $4.5 million income charge for the write-off of certain U.S. foreign tax credits is included in the undistributed earnings – foreign subsidiaries income tax expense amount of $3,735.

Income Taxes - Income Tax Exp_2

Income Taxes - Income Tax Expense (Parenthetical) (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
2017 Tax Cuts and Jobs Act income tax benefit	[1]		$ (268)	$ (6,903)
establishment of valuation allowance				4,550
income tax expense (benefit)	[1]	$ 2,400	(4,456)	116
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount			(4,500)
undistributed earnings – foreign subsidiaries		$ (114)	$ 3,735	$ (195)
[1]	The income tax benefit of $6,903 recorded during fiscal 2018 included a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that were not more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. The $4.5 million income charge for the write-off of certain U.S. foreign tax credits is included in the undistributed earnings – foreign subsidiaries income tax expense amount of $3,735.

Income Taxes - Income (Loss) be

Income Taxes - Income (Loss) before Income Taxes Related to Foreign and U.S. Operations (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Taxes [Line Items]
income (loss) before income taxes, foreign									$ 6,919	$ 15,667	$ 17,360
(loss) income before income taxes from continuing operations	$ (18,383)	$ 2,700	$ 4,547	$ 3,463	$ 1,988	$ 4,575	$ 4,238	$ 1,931	(7,679)	12,722	26,883
China [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign									8,316	9,899	11,036
Canada [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign									(1,391)	5,488	5,985
Cayman Islands [Member]
Income Taxes [Line Items]
income (loss) before income taxes, foreign									(6)	280	339
United States [Member]
Income Taxes [Line Items]
income (loss) before income taxes, domestic									$ (14,598)	$ (2,945)	$ 9,523

Income Taxes - Differences Betw

Income Taxes - Differences Between Income Tax Expense from Continuing Operations at Federal Income Tax Rate and Effective Income Tax Rate (Detail)	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
federal income tax rate	21.00%								21.00%	21.00%	30.40%
global intangible low taxed income tax (GILTI)									(24.40%)	16.90%
foreign tax rate differential									(16.10%)	13.00%	3.70%
income tax effects of impairment of nondeductible goodwill									(11.30%)
uncertain income tax positions									(4.80%)	0.50%
income tax effects of Chinese foreign exchange gains and losses									(5.00%)	2.20%	(2.80%)
write-off of U.S. foreign income tax credits										35.10%
valuation allowance									(1.60%)	(35.00%)	0.40%
income tax effects of the 2017 Tax Cuts and Jobs Act										(4.3)	(7.6)
Other									(1.50%)	2.00%	(2.70%)
Effective income tax rate	(3.80%)	(36.00%)	42.40%	48.90%	155.50%	27.80%	30.00%	46.90%	(43.70%)	51.40%	21.40%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	Apr. 30, 2017
deferred tax assets:
accounts receivable		$ 263	$ 282
Inventories		2,280	1,591
Compensation		1,970	1,973
liabilities and other		166	284
intangible assets and goodwill		856
property, plant, and equipment	[1]	185	193
operating lease liability		671
foreign income tax credits - U.S.		783	1,252
loss carryforwards – U.S.		4,137	2,360
valuation allowances		(3,148)	(748)	$ (5,204)	$ (536)
total deferred tax assets		8,163	7,187
deferred tax liabilities:
undistributed earnings on foreign subsidiaries		(3,409)	(3,523)
unrecognized tax benefits – U.S.			(380)
property, plant and equipment	[2]	(5,008)	(4,710)
right of use asset		(690)
Goodwill			(1,203)
Other		(81)	(90)
total deferred tax liabilities		(9,188)	(9,906)
Net deferred liabilities		$ (1,025)	$ (2,719)
[1]	Pertains to the company’s operations located in China.
[2]	Pertains to the company’s operations located in the U.S. and Canada.

Income Taxes - Deferred Income

Income Taxes - Deferred Income Taxes - Narrative (Detail) - USD ($)	3 Months Ended
	May 03, 2020	Apr. 28, 2019
Income Taxes [Line Items]
foreign income tax credits - U.S.	$ 783,000	$ 1,252,000
U.S. foreign income tax credits, expiration period	10 years
U.S. Federal Tax Authorities [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 4,400,000
Operating loss carryforwards, related future tax benefits	$ 925,000
U.S. Federal Tax Authorities [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2027
U.S. Federal Tax Authorities [Member] | Latest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2036
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Operating Loss Carryforwards	$ 51,900,000
Operating loss carryforwards, related future tax benefits	$ 931,000
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2021
State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Income Taxes [Line Items]
Operating Loss Carry forwards Expiration Year	2040

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Deferred Income Taxes (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	Apr. 30, 2017
Valuation Allowance [Line Items]
Valuation allowance	$ 3,148	$ 748	$ 5,204	$ 536
Capital Loss Carry Forwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,281
State and Local Jurisdiction [Member] | Loss Carryforwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 867	666
Internal Revenue Service (IRS) [Member] | Income Tax Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance		$ 82

Income Taxes - Summary of Chang

Income Taxes - Summary of Change in Valuation Allowances Against Deferred Income Taxes (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020		Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
beginning balance		$ 748		$ 5,204	$ 536
Write-off of deferred income taxes	[1]			(4,544)
establishment of valuation allowance		2,281	[2]		4,550	[1]
change in estimate	[3]	119		88	118
ending balance		$ 3,148		$ 748	$ 5,204
[1]	During fiscal 2018, we recorded an income tax charge of $4.6 million for the establishment of a valuation allowance associated with U.S. foreign tax credits that we believed were not more-likely-than not to be realized based on the provisions outlined in TCJA. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance.
[2]	In connection with the sale of a discontinued operation that was treated as a partnership for income tax purposes, we generated a capital loss carryforward totaling $10.9 million with a related future income tax benefit of $2.3 million. Since capital losses can only be offset by capital gains, we established a full valuation allowance on this capital loss carryforward as we do not have capital assets that would generate capital gains that would utilize this carryforward.
[3]	Amounts pertain to a change in estimate of the recoverability of certain U.S. state loss carryforward balances as of the end of the respective prior fiscal year.

Income Taxes - Summary of Cha_2

Income Taxes - Summary of Change in Valuation Allowances Against Deferred Income Taxes (Parenthetical) (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Valuation Allowance [Line Items]
Establishment of a valuation allowance associated with U.S. foreign tax credits				$ 4,600
Write-off of deferred income taxes	[1]		$ (4,544)
income tax expense (benefit)	[2]	$ 2,400	$ (4,456)	$ 116
U.S. Federal Tax Authorities [Member]
Valuation Allowance [Line Items]
Capital loss carryforwards		10,900
Capital loss carryforward, related future tax benefits		$ 2,300
[1]	During fiscal 2018, we recorded an income tax charge of $4.6 million for the establishment of a valuation allowance associated with U.S. foreign tax credits that we believed were not more-likely-than not to be realized based on the provisions outlined in TCJA. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance.
[2]	The income tax benefit of $6,903 recorded during fiscal 2018 included a charge of $4,550 for the establishment of a valuation allowance against U.S. foreign tax credits that were not more-likely-than not to be realized as a result of the 2017 Tax Cuts and Jobs Act. During fiscal 2019, we recorded an income tax charge of $4.5 million for the write-off of certain U.S. foreign tax credits, and in turn, we recorded an income tax benefit of $4.5 million for the reduction in our valuation allowance. The $4.5 million income charge for the write-off of certain U.S. foreign tax credits is included in the undistributed earnings – foreign subsidiaries income tax expense amount of $3,735.

Income Taxes - Deferred Incom_2

Income Taxes - Deferred Income Taxes - Undistributed Earnings from Foreign Subsidiaries - Narrative (Detail) - USD ($) $ in Thousands	Dec. 31, 2017	May 03, 2020	Apr. 28, 2019
Income Tax Disclosure [Abstract]
Undistributed earnings from our foreign subsidiaries that will not be reinvested indefinitely	$ 157,100
U.S. foreign income tax credits	$ 43,200
Dividends received deduction percentage for earnings and profits received from foreign corporation		100.00%	100.00%
Dividends received deduction, foreign corporation ownership percentage		10.00%	10.00%
Deferred tax liability, undistributed earnings from foreign subsidiaries		$ 3,409	$ 3,523

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit (Detail) - USD ($) $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
beginning balance		$ 903	$ 844	$ 12,245
increases from prior period tax positions		106	135	350
decreases from prior period tax positions	[1]	(85)	(76)	(11,751)
increases from current period tax positions		434
decreases from current period tax positions		(89)
ending balance		$ 1,269	$ 903	$ 844
[1]	The $11.8 million reduction in our unrecognized income tax benefits during fiscal 2018 is mostly associated with the reduction in our U.S. Federal income tax rate pursuant to the TCJA on the effective settlement of an IRS exam.

Income Taxes - Unrecognized T_2

Income Taxes - Unrecognized Tax Benefit (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Apr. 29, 2018USD ($)
Income Tax Disclosure [Abstract]
Reduction to unrecognized tax benefits resulting from reduction in U.S. Federal income tax rate pursuant to Tax Act	$ 11.8

Income Taxes - Uncertainty in I

Income Taxes - Uncertainty in Income Taxes - Narrative (Detail) - USD ($)	3 Months Ended
	Apr. 28, 2019	Apr. 29, 2018	Jan. 29, 2017	Apr. 30, 2016	May 03, 2020	Apr. 30, 2017
Income Taxes [Line Items]
Unrecognized tax benefits	$ 903,000	$ 844,000			$ 1,269,000	$ 12,245,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	523,000				1,300,000
Gross amount of interest and penalties due to unrecognized tax benefits	97,000				103,000
Canadian Provincial (Quebec) Returns [Member]
Income Taxes [Line Items]
Income tax examination, final adjustments	4,000
U.S. [Member]
Income Taxes [Line Items]
Income tax examination, final adjustments		$ 0
Earliest Tax Year [Member] | Canadian Provincial (Quebec) Returns [Member]
Income Taxes [Line Items]
Income tax examination, year under examination			2013
Earliest Tax Year [Member] | U.S. [Member]
Income Taxes [Line Items]
Income tax examination, year under examination				2014
Latest Tax Year [Member] | Canadian Provincial (Quebec) Returns [Member]
Income Taxes [Line Items]
Income tax examination, year under examination			2015
Latest Tax Year [Member] | U.S. [Member]
Income Taxes [Line Items]
Income tax examination, year under examination				2016
Non-current Deferred Income Taxes [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	380,000
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 523,000				$ 1,300,000

Income Taxes - Income Taxes Pai

Income Taxes - Income Taxes Paid - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Income Tax Disclosure [Abstract]
Income tax payments, net of income tax refunds	$ 5	$ 6.7	$ 4

Commitments and Contingencies -

Commitments and Contingencies - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 29, 2019	[1]
Assets And Liabilities Lessee [Abstract]
Right of use asset	$ 3,903	$ 7,191
Operating lease liability - current	1,805	2,629
Operating lease liability – noncurrent	$ 2,016	$ 4,473
[1]	Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.

Commitments and Contingencies_2

Commitments and Contingencies - Lessee Operating Lease Right of Use Assets and Liabilities (Parenthetical) (Detail) - USD ($)	May 03, 2020	Apr. 29, 2019
Lessee Lease Description [Line Items]
Right of use asset	$ 3,903,000	$ 7,191,000	[1]
Operating lease liabilities	3,821,000
Former Home Accessories Segment [Member]
Lessee Lease Description [Line Items]
Right of use asset	0	1,100,000
Operating lease liabilities	$ 0	$ 1,100,000
[1]	Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.

Commitments and Contingencies_3

Commitments and Contingencies - Operating Leases of Lessee Disclosure (Detail) $ in Thousands	12 Months Ended
	May 03, 2020USD ($)
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 2,524
Right of use assets exchanged for lease liabilities	$ 344

Commitments and Contingencies_4

Commitments and Contingencies - Narrative (Detail)	May 04, 2020USD ($)Building	Aug. 02, 2020USD ($)	May 03, 2020USD ($)	Apr. 28, 2019USD ($)	Apr. 29, 2018USD ($)
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures			$ 107,000	$ 68,000
Former Home Accessories Segment [Member] | Loss From Discontinued Operations [Member]
Commitments and Contingencies Disclosure [Line Items]
Operating lease costs			204,000
Upholstery Fabrics [Member] | China [Member] | Scenario Forecast [Member]
Commitments and Contingencies Disclosure [Line Items]
Increase in right of use assets and lease liabilities		$ 2,600,000
Upholstery Fabrics [Member] | China [Member] | Subsequent Event [Member]
Commitments and Contingencies Disclosure [Line Items]
Number of buildings extended lease term | Building	2
Upholstery Fabrics [Member] | China [Member] | Subsequent Event [Member] | Minimum [Member]
Commitments and Contingencies Disclosure [Line Items]
Monthly lease payments	$ 20,000
Upholstery Fabrics [Member] | China [Member] | Subsequent Event [Member] | Maximum [Member]
Commitments and Contingencies Disclosure [Line Items]
Monthly lease payments	30,000
Mattress Fabrics [Member]
Commitments and Contingencies Disclosure [Line Items]
Monthly lease payments			13,100
Rental payments			157,000	$ 158,000	$ 156,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment			2,200,000
Mattress Fabrics [Member] | Canada [Member] | Scenario Forecast [Member]
Commitments and Contingencies Disclosure [Line Items]
Increase in right of use assets and lease liabilities		$ 550,000
Mattress Fabrics [Member] | Canada [Member] | Subsequent Event [Member]
Commitments and Contingencies Disclosure [Line Items]
Monthly lease payments	$ 21,000
Lease terms	3 years
Lease expiration date	Jun. 30, 2023
Continuing Operation [Member]
Commitments and Contingencies Disclosure [Line Items]
Operating lease costs			2,600,000
Short-term lease costs			$ 148,000

Commitments and Contingencies_5

Commitments and Contingencies - Weighted Average Lease Term and Discount Rate (Detail)	May 03, 2020
Lessee Disclosure [Abstract]
Weighted average lease term	2 years 11 months 23 days
Weighted average discount rate	3.60%

Commitments and Contingencies_6

Commitments and Contingencies - Lessee Operating Lease Liability Maturity (Detail) $ in Thousands	May 03, 2020USD ($)
Lessee Disclosure [Abstract]
2021	$ 1,831
2022	978
2023	541
2024	432
2025	253
Total	4,035
Less: interest	(214)
Present value of lease liabilities	$ 3,821

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	Apr. 30, 2017	Sep. 16, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options to purchase common stock outstanding				15,600
Incentive Stock Option Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of options to purchase common stock outstanding	0
Number of options exercisable	0
Unrecognized compensation cost related to incentive stock options	$ 0
Share-based compensation expense		$ 0	$ 0
Aggregate intrinsic value for options exercised			393,000
Time Vested Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 622,000
Weighted average period over which unrecognized compensation cost is expected to be recognized	2 years 4 months 24 days
Fair value of units expected to vest	$ 307,000
Time Vested Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	220,000	43,000	38,000
Performance Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining unrecognized compensation cost	$ 11,000
Weighted average period over which unrecognized compensation cost is expected to be recognized	2 months 12 days
Fair value of units expected to vest	$ 53,000
Performance Based Restricted Stock Units [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	114,000	(53,000)	2,000,000
Common Stock Awards [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 280,000	$ 140,000	$ 159,000
2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock authorized for issuance					1,200,000
Number of shares available for future equity based grants	690,163

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity (Detail)	12 Months Ended
	Apr. 29, 2018$ / sharesshares
Shares
outstanding at beginning of year | shares	15,600
exercised | shares	(15,600)
Weighted-Average Exercise Price
outstanding at beginning of year | $ / shares	$ 7.14
exercised | $ / shares	$ 7.14

Stock-Based Compensation - Time

Stock-Based Compensation - Time Vested Restricted Stock Unit Activity (Detail) - Time Vested Restricted Stock Awards [Member] - shares	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
outstanding at beginning of year	10,000	1,200	1,200
granted	34,399	10,000	1,200
vested		(1,200)	(1,200)
outstanding at end of year	44,399	10,000	1,200

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Grants of Time-Based Restricted Stock Unit Awards Associated with Key Member of Management (Detail) - Time Vested Restricted Stock Awards [Member] - $ / shares		Jul. 18, 2019	Aug. 02, 2018	Jun. 13, 2017	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awarded					34,399	10,000	1,200
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awarded		34,399	10,000	1,200
Price Per Share	[1]	$ 18.49	$ 24.35	$ 32.50
Vesting Period		3 years	5 years	1 year
[1]	Price per share represents closing price of our common stock on the date the respective award was granted.

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Vested Performance Based and Time Based Restricted Stock Units (Detail) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Time Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested		0	1,200	1,200
Weighted Average Fair Value	[1]	$ 0	$ 21	$ 37
Price Per Share	[2]	$ 0	$ 17.36	$ 30.90
Performance Based Restricted Stock Units [Member] | Key Employees and Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested	[3]	11,351	128,632	102,845
Weighted Average Fair Value	[1],[3]	$ 197	$ 3,754	$ 3,342
Price Per Share	[3]	$ 17.36	$ 29.19	$ 32.50
Performance Based Restricted Stock Units [Member] | Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units Vested	[4]	4,961	10,364	16,000
Weighted Average Fair Value	[1],[4]	$ 86	$ 320	$ 520
Price Per Share	[4]	$ 17.36	$ 30.90	$ 32.50
[1]	Dollar amounts are in thousands.
[2]	Price per share represents closing price of our common stock on the date the respective award vested.
[3]	Certain senior executives and key employees.
[4]	Non-employee

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Assumptions Used to Determine Fair Value of Performance Based Restricted Stock Units (Detail) - Performance Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares		Jul. 18, 2019	Aug. 02, 2018	Jul. 13, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of our common stock		$ 18.49	$ 24.35	$ 32.50
Expected volatility of our common stock		30.00%	33.50%	31.00%
Expected volatility of peer companies	[1],[2]		16.00%	16.50%
Risk-free interest rate		1.73%	2.74%	1.56%
Dividend yield		2.10%	1.35%	1.66%
Correlation coefficient of peer companies	[1],[2]		0.47%	0.46%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	[1],[2]	29.90%
Correlation coefficient of peer companies	[1],[2]	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility of peer companies	[1],[2]	82.30%
Correlation coefficient of peer companies	[1],[2]	0.43%
[1]	The expected volatility and correlation coefficient of our peer companies for fiscal 2019 and 2018 were based on the Russell 2000 Index, which was approved by the Compensation Committee of our board of directors as the benchmark for determining the market-based total shareholder return component. Since the Russell 2000 Index was the only benchmark for determining the market-based total shareholder return component, no ranges were disclosed for these assumptions.
[2]	The expected volatility and correlation coefficient of our peer companies for fiscal 2020 were based on peer companies that were approved by the Compensation Committee of our board of directors as an aggregate benchmark for determining the market-based total shareholder return component. Therefore, we disclosed ranges of the expected volatility and correlation coefficient for the companies that represented this peer group.

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with Senior Executives and Key Employees (Detail) - Performance Based Restricted Stock Units [Member] - $ / shares		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		60,504
Restricted Stock Units Expected to Vest	[2],[3]					3,277
Price Per Share	[2]	$ 19.04	[4]	$ 18.51	[5]	$ 31.85	[6]
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],[7]	29,227		47,800		37,600
Restricted Stock Units Expected to Vest	[3],[7]					4,365
Price Per Share	[7],[8]	$ 18.49		$ 24.35		$ 32.50
Vesting Period	[7]	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]	Compensation cost is based on an assessment each reporting period of the probability that certain performance goals will be met and in turn, the number of shares that are expected to be awarded during the vesting period. These amounts represent the number of shares that are expected to vest based on our assessment as of May 3, 2020.
[4]	Price per share represents the fair market value per share ($1.03 per $1 or an increase of $0.55 to the closing price of our common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($18.49) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on July 18, 2019.
[5]	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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018.
[6]	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 our common stock) 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 component of the performance-based restricted stock units granted to certain senior executives on July 13, 2017.
[7]	Performance-based restricted stock units awarded to key employees.
[8]	Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Grants of Performance Based Restricted Stock Units Associated with executive officers and Key Employees (Parenthetical) (Detail) - Performance Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares	Jul. 18, 2019	Aug. 02, 2018	Jul. 13, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value adjustment to closing price of common stock, percentage	1.03%	0.76%	0.98%
Fair value adjustment to closing price of common stock, per share	$ 0.55	$ (5.84)	$ (0.65)
Closing price of common stock	$ 18.49	$ 24.35	$ 32.50

Stock-Based Compensation - Su_6

Stock-Based Compensation - Summary of Grants of Common Stock to Outside Directors (Detail) - Common Stock Awards [Member] - Outside Directors [Member] - Immediate Vesting [Member] - $ / shares		1 Months Ended		4 Months Ended	7 Months Ended			10 Months Ended
		May 03, 2020	Apr. 28, 2019	May 03, 2020	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	May 03, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock Awarded		10,511	2,948	4,972	4,519	3,600	4,800	3,659
Price Per Share	[1]	$ 6.66	$ 19.18	$ 14.08	$ 15.49	$ 23.45	$ 33.20	$ 19.21
[1]	Price per share represents closing price of our common stock on the date of grant.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Premier Money Market Fund [Member]
Assets:
Investments at fair value	$ 7,496	$ 6,639
Short Term Bond Funds [Member]
Assets:
Investments at fair value	923
Growth Allocation Fund [Member]
Assets:
Investments at fair value	219	203
Moderate Allocation Fund [Member]
Assets:
Investments at fair value	63	127
Other [Member]
Assets:
Investments at fair value	56	112
Quoted prices in active markets for identical assets - Level 1 [Member] | Premier Money Market Fund [Member]
Assets:
Investments at fair value	7,496	6,639
Quoted prices in active markets for identical assets - Level 1 [Member] | Short Term Bond Funds [Member]
Assets:
Investments at fair value	923
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Fund [Member]
Assets:
Investments at fair value	219	203
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Fund [Member]
Assets:
Investments at fair value	63	127
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 56	$ 112

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Detail) - USD ($)	3 Months Ended
	Feb. 02, 2020	May 03, 2020	Apr. 28, 2019
eLuxury [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Reversal of contingent consideration, earn-out obligation	$ 6,100,000
Fair Value, Measurements, Recurring [Member] | Discontinued Operations [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Assets measured at fair value		$ 0	$ 0
Liabilities measured at fair value		$ 0	$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - Trade Names [Member] $ in Thousands	May 03, 2020USD ($)
Assets:
Tradename	$ 540
Significant unobservable inputs - Level 3 [Member]
Assets:
Tradename	$ 540

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Nonrecurring Basis - Discontinued Operation (Detail) - USD ($) $ in Thousands	May 03, 2020	Apr. 28, 2019
Assets:
inventories	$ 47,907	$ 47,564
Liabilities:
noncurrent liabilities held for sale - discontinued operation		1,505
Fair Value, Measurements, Nonrecurring [Member] | Discontinued Operations [Member] | eLuxury [Member]
Assets:
Goodwill		13,653
inventories		1,804
Liabilities:
noncurrent liabilities held for sale - discontinued operation		5,856
Fair Value, Measurements, Nonrecurring [Member] | Discontinued Operations [Member] | eLuxury [Member] | Equipment [Member]
Assets:
Equipment		2,179
Fair Value, Measurements, Nonrecurring [Member] | Discontinued Operations [Member] | Quoted prices in active markets for identical assets - Level 3 [Member] | eLuxury [Member]
Assets:
Goodwill		13,653
inventories		1,804
Liabilities:
noncurrent liabilities held for sale - discontinued operation		5,856
Fair Value, Measurements, Nonrecurring [Member] | Discontinued Operations [Member] | Quoted prices in active markets for identical assets - Level 3 [Member] | eLuxury [Member] | Equipment [Member]
Assets:
Equipment		2,179
Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member]
Assets:
Tradename	540
Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member] | Quoted prices in active markets for identical assets - Level 3 [Member]
Assets:
Tradename	$ 540
Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member] | Discontinued Operations [Member] | eLuxury [Member]
Assets:
Tradename		6,549
Fair Value, Measurements, Nonrecurring [Member] | Trade Names [Member] | Discontinued Operations [Member] | Quoted prices in active markets for identical assets - Level 3 [Member] | eLuxury [Member]
Assets:
Tradename		$ 6,549

Derivatives - Narrative (Detail

Derivatives - Narrative (Detail) - Cash Flow Hedge [Member] - Foreign Currency Contract [Member] - EURO [Member]	12 Months Ended
	May 03, 2020
Derivatives, Fair Value [Line Items]
Derivative exchange rate, EURO to U.S. Dollar	1.263
Derivative contract expiration	2018-07

Derivatives - Schedule of Gains

Derivatives - Schedule of Gains and Losses on Derivative Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Apr. 28, 2019	Apr. 29, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amt of Gain (Loss) (net of tax) Recognized in OCI on Derivative (Effective Portion) and recorded in Accrued Expenses at Fair Value	$ 55	$ (55)
Other Expense [Member] | Cash Flow Hedge [Member] | Foreign Currency Contract [Member] | EURO [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	$ (64)

Net (Loss) Income from Contin_3

Net (Loss) Income from Continuing Operations Per Share - Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net (Loss) Income from Continuing Operations Per Share (Detail) - shares shares in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Earnings Per Share [Abstract]
weighted-average common shares outstanding, basic	12,297	12,409	12,408	12,399	12,384	12,438	12,515	12,510	12,378	12,462	12,431
dilutive effect of stock-based compensation										86	202
weighted-average common shares outstanding, diluted	12,297	12,420	12,408	12,410	12,384	12,465	12,551	12,600	12,378	12,548	12,633

Net (Loss) Income from Contin_4

Net (Loss) Income from Continuing Operations Per Share - Narrative (Detail) - Common Stock Awards [Member]	12 Months Ended
	May 03, 2020shares
Antidilutive securities due to decrease in stock price excluded from computation of earnings from continuing operations per share	19,388
Shares excluded from computation of diluted net loss from continuing operations per share	45,731

Benefit Plans (Detail)

Benefit Plans (Detail) - USD ($)	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Retirement Benefits [Abstract]
Contributions to defined contribution plans	$ 1,200,000	$ 1,200,000	$ 1,100,000
Contributions to nonqualified deferred compensation plan	185,000	189,000	$ 192,000
deferred compensation	7,720,000	6,998,000
long-term investments - rabbi trust	$ 7,834,000	$ 7,081,000

Segment Information - Narrative

Segment Information - Narrative (Detail)	12 Months Ended
	May 03, 2020SegmentCustomer	Apr. 28, 2019Customer	Apr. 29, 2018Customer
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Concentration risk, labor subject to collective bargaining arrangements	The hourly employees at our manufacturing facility in Canada (approximately 12% of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expired on February 1, 2020. However, the provisions of this collective bargaining agreement remained in effect as negotiations for a new collective bargaining agreement were delayed due to government mandated shutdowns in response to the COVID-19 pandemic. A new collective bargaining agreement is expected to be executed during the first half of fiscal 2021. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good.
Description of changes in reporting goodwill and intangible assets in segment assets	During fiscal 2019, we elected to no longer include goodwill and intangible assets 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.
Workforce [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	12.00%
Currency Concentration Risk [Member] | Net Sales [Member] | USD [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	93.00%	90.00%	90.00%
Geographic Concentration Risk [Member] | Net Sales [Member] | International [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	26.00%	26.00%	23.00%
Customer Concentration Risk [Member] | Net Sales [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	12.00%	11.00%	12.00%
Number of major customers	1	1	1
Customer Concentration Risk [Member] | Net Sales [Member] | Mattress Fabrics [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10.00%	10.00%	13.00%
Number of major customers	0	0	1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Upholstery Fabrics [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10.00%	10.00%
Number of major customers	0	0
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage	10.00%	10.00%
Number of major customers	0	0

Segment Information - Internati

Segment Information - International Net Sales (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales		$ 47,378	$ 68,518	$ 69,550	$ 70,719	$ 67,023	$ 73,127	$ 72,275	$ 68,898	$ 256,166	$ 281,325	$ 323,725
North America (Excluding USA) [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	[1]									27,637	29,247	27,844
Far East and Asia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	[2]									36,470	39,277	40,671
All Other Areas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales										2,986	3,712	5,681
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales										$ 67,093	$ 72,236	$ 74,196
[1]	Of this amount, $21.7 million, $22.5 million, and $21.9 million are attributable to shipments to Mexico in fiscal 2020, 2019, and 2018, respectively
[2]	Of this amount $21.4 million, $29.8 million, and $32.6 million are attributable to shipments to China in fiscal 2020, 2019, and 2018, respectively

Segment Information - Interna_2

Segment Information - International Net Sales (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales	$ 47,378	$ 68,518	$ 69,550	$ 70,719	$ 67,023	$ 73,127	$ 72,275	$ 68,898	$ 256,166	$ 281,325	$ 323,725
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales									21,700	22,500	21,900
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
net sales									$ 21,400	$ 29,800	$ 32,600

Segment Information - Statement

Segment Information - Statement of Operations for Operating Segments (Detail) - USD ($)		3 Months Ended								12 Months Ended
		May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020		Apr. 28, 2019	Apr. 29, 2018
Segment Reporting Information [Line Items]
net sales		$ 47,378,000	$ 68,518,000	$ 69,550,000	$ 70,719,000	$ 67,023,000	$ 73,127,000	$ 72,275,000	$ 68,898,000	$ 256,166,000		$ 281,325,000	$ 323,725,000
Gross profit from continuing operations		3,045,000	11,520,000	13,526,000	12,412,000	11,195,000	13,073,000	11,609,000	9,900,000	40,498,000		45,769,000	64,633,000
other non-recurring charges	[1],[2]											(678,000)
Selling, general, and administrative expenses		7,327,000	8,831,000	9,117,000	9,149,000	8,758,000	8,677,000	8,409,000	7,397,000	34,424,000		33,243,000	37,172,000
(loss) income from continuing operations		(17,994,000)	2,724,000	4,409,000	3,298,000	2,437,000	4,610,000	4,261,000	2,052,000	(7,568,000)		13,351,000	27,461,000
asset impairments		(13,712,000)								(13,712,000)	[3]
restructuring credit and related charges	[4],[5]									70,000		(1,563,000)
interest expense		(84,000)		(21,000)				(14,000)	(17,000)	(106,000)		(35,000)	(94,000)
interest income		121,000	258,000	258,000	260,000	221,000	259,000	155,000	150,000	897,000		789,000	534,000
other expense		(426,000)	(282,000)	(99,000)	(95,000)	(670,000)	(294,000)	(164,000)	(254,000)	(902,000)		(1,383,000)	(1,018,000)
(loss) income before income taxes from continuing operations		$ (18,383,000)	$ 2,700,000	$ 4,547,000	$ 3,463,000	$ 1,988,000	$ 4,575,000	$ 4,238,000	$ 1,931,000	(7,679,000)		12,722,000	26,883,000
Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
other non-recurring charges												(518,000)
restructuring related charges												(40,000)
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales										124,754,000		135,654,000
asset impairments										(2,200,000)
restructuring credit and related charges	[6],[7]									70,000		(1,563,000)
Upholstery Fabrics [Member] | Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
restructuring related charges												(40,000)
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales										131,412,000		145,671,000
asset impairments										(11,500,000)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Gross profit from continuing operations										40,498,000		48,277,000	64,633,000
Selling, general, and administrative expenses										34,424,000		32,685,000	37,172,000
(loss) income from continuing operations										6,074,000		15,592,000	27,461,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales										124,754,000		135,654,000	131,128,000
Gross profit from continuing operations										24,220,000		25,373,000	25,836,000
restructuring related charges	[8]											(2,349,000)
Selling, general, and administrative expenses										14,353,000		14,551,000	14,881,000
(loss) income from continuing operations										9,867,000		10,823,000	10,956,000
restructuring credit and related charges												(1,600,000)
Operating Segments [Member] | Upholstery Fabrics [Member] | Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
restructuring related charges	[9]											40,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales										131,412,000		145,671,000	192,597,000
Gross profit from continuing operations										16,278,000		22,904,000	38,797,000
other non-recurring charges	[1]											(159,000)
Selling, general, and administrative expenses										11,354,000		11,296,000	12,935,000
(loss) income from continuing operations										4,924,000		11,607,000	25,861,000
Operating Segments [Member] | Mattress Fabrics [Member] | Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
other non-recurring charges	[2]											518,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Selling, general, and administrative expenses										8,717,000		6,838,000	9,356,000
(loss) income from continuing operations										$ (8,717,000)		(6,838,000)	$ (9,356,000)
Unallocated Corporate [Member] | Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
other non-recurring charges												$ (429,000)
[1]	The $159 represents employee termination benefits and other operational reorganization costs associated with our mattress fabrics segment.
[2]	The $518 represents a non-recurring charge of $429 for the accelerated vesting of certain stock-based compensation agreements associated with a senior executive and was recorded in unallocated corporate expenses. Additionally, the $518 includes $89 for employee termination benefits and operational reorganizational costs associated with our mattress fabrics segment.
[3]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.
[4]	Of this total net charge, a charge of $2.3 million, a charge of $40, and a credit of $825 were recorded in cost of sales, selling, general, and administrative expenses, and restructuring credit, respectively, in the fiscal 2019 Consolidated Statement of Net Income.
[5]	The $1.6 million represent charges and credits that were associated our closed Anderson, SC upholstery fabrics facility and include $1.6 million for inventory markdowns, $784 for other operating costs, $661 for employee termination benefits, and $40 for the accelerated vesting of certain stock-based compensation agreements associated an employee, partially offset by a $1.5 million gain on the sale of property, plant, and equipment.
[6]	Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the accompanying fiscal 2019 Consolidated Statement of Net Income.
[7]	The $70,000 credit was recorded to restructuring credit in the accompanying fiscal 2020 Consolidated Statement of Net Loss.
[8]	The $2.3 million represents a restructuring related charge of $1.6 million for inventory markdowns and $784 for other operating costs associated with our closed Anderson, SC upholstery fabrics facility.
[9]	The $40 represents a restructuring related charge for the accelerated vesting for certain stock-based compensation agreements associated with an employee that was located at our closed Anderson, SC upholstery fabrics facility.

Segment Information - Stateme_2

Segment Information - Statement of Operations for Operating Segments (Parenthetical) (Detail) - USD ($)		3 Months Ended						12 Months Ended
		May 03, 2020	Feb. 02, 2020	Aug. 04, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020		Apr. 28, 2019
Segment Reporting Information [Line Items]
Other non-recurring charges	[1],[2]									$ 678,000
Restructuring related charge for operating costs	[3],[4]							$ (70,000)		1,563,000
Gain on sale of property, plant, and equipment								238,000		1,452,000
restructuring credit			$ 35,000	$ 35,000	$ 214,000	$ 1,061,000	$ (451,000)	70,000		825,000
Asset impairments		$ 13,712,000						13,712,000	[5]
Continuing Operation [Member]
Segment Reporting Information [Line Items]
Asset impairments								13,600,000
Goodwill impairment charges								13,569,000
Trade Names [Member]
Segment Reporting Information [Line Items]
Asset impairments								143,000
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Asset impairments								11,500,000
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Employee termination benefits								(70,000)		661,000
Inventory markdowns										1,564,000
Other operating costs associated with a closed facility										824,000
Restructuring related charge for operating costs	[6],[7]							(70,000)		1,563,000
Gain on sale of property, plant, and equipment										1,486,000
Asset impairments								$ 2,200,000
Cost of Sales [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges										2,300,000
Cost of Sales [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges										2,300,000
Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges										40,000
Other non-recurring charges										518,000
Selling, General and Administrative Expenses [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges										40,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Other non-recurring charges	[1]									159,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Employee termination benefits										661,000
Restructuring Related Charges	[8]									2,349,000
Restructuring related charge for operating costs										1,600,000
Operating Segments [Member] | Cost of Sales [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Employee termination benefits										159,000
Operating Segments [Member] | Cost of Sales [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges										2,300,000
Inventory markdowns										1,600,000
Other operating costs associated with a closed facility										784,000
Operating Segments [Member] | Selling, General and Administrative Expenses [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Employee termination benefits										89,000
Other non-recurring charges	[2]									(518,000)
Operating Segments [Member] | Selling, General and Administrative Expenses [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Restructuring Related Charges	[9]									(40,000)
Unallocated Corporate [Member] | Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
Other non-recurring charges										$ 429,000
[1]	The $159 represents employee termination benefits and other operational reorganization costs associated with our mattress fabrics segment.
[2]	The $518 represents a non-recurring charge of $429 for the accelerated vesting of certain stock-based compensation agreements associated with a senior executive and was recorded in unallocated corporate expenses. Additionally, the $518 includes $89 for employee termination benefits and operational reorganizational costs associated with our mattress fabrics segment.
[3]	Of this total net charge, a charge of $2.3 million, a charge of $40, and a credit of $825 were recorded in cost of sales, selling, general, and administrative expenses, and restructuring credit, respectively, in the fiscal 2019 Consolidated Statement of Net Income.
[4]	The $1.6 million represent charges and credits that were associated our closed Anderson, SC upholstery fabrics facility and include $1.6 million for inventory markdowns, $784 for other operating costs, $661 for employee termination benefits, and $40 for the accelerated vesting of certain stock-based compensation agreements associated an employee, partially offset by a $1.5 million gain on the sale of property, plant, and equipment.
[5]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.
[6]	Of the total net charge, a $2.3 million charge, a charge of $40,000, and a credit of $825,000 were recorded in cost of sales, selling, general and administrative expenses, and restructuring credit, respectively, in the accompanying fiscal 2019 Consolidated Statement of Net Income.
[7]	The $70,000 credit was recorded to restructuring credit in the accompanying fiscal 2020 Consolidated Statement of Net Loss.
[8]	The $2.3 million represents a restructuring related charge of $1.6 million for inventory markdowns and $784 for other operating costs associated with our closed Anderson, SC upholstery fabrics facility.
[9]	The $40 represents a restructuring related charge for the accelerated vesting for certain stock-based compensation agreements associated with an employee that was located at our closed Anderson, SC upholstery fabrics facility.

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($)		3 Months Ended										12 Months Ended
		May 03, 2020		Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019		Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020		Apr. 28, 2019		Apr. 29, 2018		Apr. 29, 2019	[1]
Segment Reporting Information [Line Items]
Accounts receivable							$ 23,800,000							$ 23,800,000
inventory		$ 47,907,000					47,564,000					$ 47,907,000		47,564,000
property, plant, and equipment		43,147,000		$ 44,652,000	$ 45,221,000	$ 45,475,000	46,479,000		$ 48,144,000	$ 49,243,000	$ 51,037,000	43,147,000		46,479,000
right of use asset		3,903,000										3,903,000						$ 7,191,000
investment in unconsolidated joint venture		1,602,000					1,508,000					1,602,000		1,508,000
total assets		215,084,000		212,140,000	233,522,000	226,247,000	220,556,000		225,738,000	223,041,000	227,122,000	215,084,000		220,556,000
cash and cash equivalents		69,790,000					40,008,000					69,790,000		40,008,000
short-term investments - available for sale		923,000										923,000
short-term investments - held to maturity		4,271,000					5,001,000					4,271,000		5,001,000
current income taxes receivable		1,585,000					776,000					1,585,000		776,000
current assets held for sale - discontinued operation							3,707,000							3,707,000
deferred income taxes		793,000					457,000					793,000		457,000
other current assets		2,116,000					2,816,000					2,116,000		2,816,000
goodwill		0					13,569,000					0		13,569,000
intangible assets		3,380,000					3,899,000					3,380,000		3,899,000
long-term investments - held-to-maturity		2,076,000										2,076,000
long-term investments - rabbi trust		7,834,000					7,081,000					7,834,000		7,081,000
noncurrent income taxes receivable							733,000							733,000
other assets		664,000					643,000					664,000		643,000
noncurrent assets held for sale - discontinued operation							22,112,000							22,112,000
capital expenditures		462,000		1,431,000	1,831,000	909,000	295,000		835,000	590,000	1,255,000	4,633,000	[2]	2,975,000	[2]	$ 7,439,000	[2]
depreciation		1,946,000		$ 1,987,000	$ 1,988,000	$ 1,905,000	2,030,000		$ 2,031,000	$ 2,041,000	$ 2,015,000	7,827,000		8,117,000		7,672,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
total assets		118,912,000					118,505,000					118,912,000		118,505,000
depreciation												7,827,000		8,117,000		7,672,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		12,212,000					12,098,000					12,212,000		12,098,000
inventory		26,620,000					24,649,000					26,620,000		24,649,000
property, plant, and equipment		40,682,000	[3]				44,266,000	[4]				40,682,000	[3]	44,266,000	[4]
right of use asset	[5]	362,000										362,000
investment in unconsolidated joint venture		1,602,000					1,508,000					1,602,000		1,508,000
total assets		81,478,000					82,521,000					81,478,000		82,521,000
capital expenditures	[2]											3,475,000		2,526,000		6,713,000
depreciation												6,712,000		7,008,000		6,850,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		12,881,000					11,274,000					12,881,000		11,274,000
inventory		21,287,000					22,915,000					21,287,000		22,915,000
property, plant, and equipment		1,633,000	[6]				1,795,000	[7]				1,633,000	[6]	1,795,000	[7]
right of use asset	[8]	1,633,000										1,633,000
total assets		37,434,000					35,984,000					37,434,000		35,984,000
capital expenditures	[2]											348,000		382,000		488,000
depreciation												765,000		787,000		822,000
Operating Segments [Member] | Discontinued Operation [Member]
Segment Reporting Information [Line Items]
capital expenditures	[2]											135,000		53,000
depreciation												350,000		322,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[9]	832,000					419,000					832,000		419,000
right of use asset	[10]	1,908,000										1,908,000
total assets		215,084,000					220,556,000					215,084,000		220,556,000
cash and cash equivalents		69,790,000					40,008,000					69,790,000		40,008,000
short-term investments - available for sale		923,000										923,000
short-term investments - held to maturity		4,271,000					5,001,000					4,271,000		5,001,000
current income taxes receivable		1,585,000					776,000					1,585,000		776,000
current assets held for sale - discontinued operation							3,707,000							3,707,000
deferred income taxes		793,000					457,000					793,000		457,000
other current assets		2,116,000					2,816,000					2,116,000		2,816,000
goodwill							13,569,000							13,569,000
intangible assets		3,380,000					3,899,000					3,380,000		3,899,000
long-term investments - held-to-maturity		2,076,000										2,076,000
long-term investments - rabbi trust		7,834,000					7,081,000					7,834,000		7,081,000
noncurrent income taxes receivable							733,000							733,000
long-term note receivable affiliated with discontinued operation							830,000							830,000
other assets		$ 664,000					643,000					664,000		643,000
noncurrent assets held for sale - discontinued operation							$ 22,112,000							22,112,000
capital expenditures	[2]											$ 675,000		$ 14,000		$ 238,000
[1]	Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.
[2]	Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.
[3]	The $40.7 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $27.7 million and located in Canada of $13.0 million.
[4]	The $44.3 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $32.4 million and located in Canada of $11.9 million.
[5]	The $362 at May 3, 2020, represents right of use assets located in the U.S.
[6]	The $1.6 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $471.
[7]	The $1.8 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $591.
[8]	The $1.6 million at May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively.
[9]	The $832 and $419 at May 3, 2020, and April 28, 2019, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S.
[10]	The $1.9 million at May 3, 2020, 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

May 03, 2020

Feb. 02, 2020

Nov. 03, 2019

Aug. 04, 2019

Apr. 29, 2019

[1]

Apr. 28, 2019

Jan. 27, 2019

Oct. 28, 2018

Jul. 29, 2018

Segment Reporting Information [Line Items]

property, plant, and equipment

$ 43,147

$ 44,652

$ 45,221

$ 45,475

$ 46,479

$ 48,144

$ 49,243

$ 51,037

Right of use assets

3,903

$ 7,191

Operating Segments [Member] | Mattress Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

40,682

[2]

44,266

[3]

Right of use assets

[4]

362

Operating Segments [Member] | Upholstery Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

1,633

[5]

1,795

[6]

Right of use assets

[7]

1,633

Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

27,700

32,400

Right of use assets

362

Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

1,200

1,200

Right of use assets

857

Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

13,000

11,900

Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

471

591

Right of use assets

776

Unallocated Corporate [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

[8]

832

419

Right of use assets

[9]

1,908

Unallocated Corporate [Member] | United States [Member]

Segment Reporting Information [Line Items]

property, plant, and equipment

832

$ 419

Right of use assets

$ 1,900

[1]

Amounts represent right of use assets and lease liabilities recorded in our Consolidated Balance Sheet in connection with the adoption of Topic 842 on April 29, 2019. These amounts include a right of use asset and a corresponding lease liability totaling $1.1 million that were associated with our former home accessories segment. As disclosed in Note 3 located in the consolidated financial statements, we sold our entire ownership interest in eLuxury on March 31, 2020, and consequently our home accessories segment was eliminated at such time. As a result, there were no right of use assets and corresponding lease liabilities associated with our former home accessories segment as of May 3, 2020.

[2]

The $40.7 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $27.7 million and located in Canada of $13.0 million.

[3]

The $44.3 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $32.4 million and located in Canada of $11.9 million.

[4]

The $362 at May 3, 2020, represents right of use assets located in the U.S.

[5]

The $1.6 million at May 3, 2020, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $471.

[6]

The $1.8 million at April 28, 2019, represents property, plant, and equipment located in the U.S. of $1.2 million and located in China of $591.

[7]

The $1.6 million at May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively.

[8]

The $832 and $419 at May 3, 2020, and April 28, 2019, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by both the mattress fabrics and upholstery fabrics segments located in the U.S.

[9]

The $1.9 million at May 3, 2020, represents right of use assets located in the U.S.

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subsidiaries [Member] - China [Member] $ in Millions	12 Months Ended
	May 03, 2020USD ($)
Statutory Reserves [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	$ 4.1
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) - USD ($)	12 Months Ended
	May 03, 2020	Apr. 28, 2019	Apr. 29, 2018	Sep. 05, 2019
Stockholders Equity Note [Line Items]
Cost of common stock repurchase	$ 1,680,000	$ 3,323,000
Common Stock [Member]
Stockholders Equity Note [Line Items]
Common stock repurchased	142,496	160,823
Cost of common stock repurchase	$ 7,000	$ 8,000
Remaining authorized repurchase amount	$ 5,000,000
Stock Repurchase Program September 5, 2019 [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock				$ 5,000,000
Common stock repurchased	142,496
Cost of common stock repurchase	$ 1,700,000
Remaining authorized repurchase amount				$ 3,300,000
Stock Repurchase Program March 2020 [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock	$ 5,000,000
Stock Repurchase Program June 15, 2016 [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Common stock repurchased		160,823	0
Cost of common stock repurchase		$ 3,300,000

Dividend Program - Narrative (D

Dividend Program - Narrative (Detail) - USD ($) $ / shares in Units, $ in Thousands

Jul. 01, 2020

May 03, 2020

Feb. 02, 2020

Nov. 03, 2019

Aug. 04, 2019

Apr. 28, 2019

Jan. 27, 2019

Oct. 28, 2018

Jul. 29, 2018

May 03, 2020

Apr. 28, 2019

Apr. 29, 2018

Dividends [Line Items]

Cash dividends paid

$ 1,289

$ 1,304

$ 1,241

$ 1,241

$ 1,239

$ 1,240

$ 1,126

$ 1,127

$ 5,075

$ 4,732

$ 6,843

Quarterly Dividend [Member]

Dividends [Line Items]

Cash dividends paid

$ 5,100

$ 4,700

$ 4,200

Quarterly Dividend [Member] | Minimum [Member]

Dividends [Line Items]

Cash dividend payment, per share

$ 0.10

$ 0.09

$ 0.08

Quarterly Dividend [Member] | Maximum [Member]

Dividends [Line Items]

Cash dividend payment, per share

$ 0.105

$ 0.10

$ 0.09

Special Dividend [Member]

Dividends [Line Items]

Cash dividends paid

$ 2,600

Cash dividend payment, per share

$ 0.21

Subsequent Event [Member] | Quarterly Dividend [Member]

Dividends [Line Items]

Cash dividend declared, per share

$ 0.105

Date of payment to shareholders entitled to dividends

Jul. 17, 2020

Date of record of shareholders entitled to dividends

Jul. 10, 2020

Selected Quarterly Data (Unau_3

Selected Quarterly Data (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		May 03, 2020	Feb. 02, 2020	Nov. 03, 2019	Aug. 04, 2019	Apr. 28, 2019	Jan. 27, 2019	Oct. 28, 2018	Jul. 29, 2018	May 03, 2020		Apr. 28, 2019		Apr. 29, 2018
INCOME STATEMENT DATA
net sales		$ 47,378	$ 68,518	$ 69,550	$ 70,719	$ 67,023	$ 73,127	$ 72,275	$ 68,898	$ 256,166		$ 281,325		$ 323,725
cost of sales		(44,333)	(56,998)	(56,024)	(58,307)	(55,828)	(60,054)	(60,666)	(58,998)	(215,668)		(235,556)		(259,092)
gross profit from continuing operations		3,045	11,520	13,526	12,412	11,195	13,073	11,609	9,900	40,498		45,769		64,633
selling, general and administrative expenses		(7,327)	(8,831)	(9,117)	(9,149)	(8,758)	(8,677)	(8,409)	(7,397)	(34,424)		(33,243)		(37,172)
asset impairments		(13,712)								(13,712)	[1]
restructuring (credit) expense			35		35		214	1,061	(451)	70		825
(loss) income from continuing operations		(17,994)	2,724	4,409	3,298	2,437	4,610	4,261	2,052	(7,568)		13,351		27,461
interest expense		(84)		(21)				(14)	(17)	(106)		(35)		(94)
interest income		121	258	258	260	221	259	155	150	897		789		534
other expense		(426)	(282)	(99)	(95)	(670)	(294)	(164)	(254)	(902)		(1,383)		(1,018)
(loss) income before income taxes from continuing operations		(18,383)	2,700	4,547	3,463	1,988	4,575	4,238	1,931	(7,679)		12,722		26,883
income tax (expense) benefit		(704)	973	(1,930)	(1,692)	(3,091)	(1,274)	(1,270)	(906)	(3,354)		(6,537)		(5,740)
Income (loss) from investment in unconsolidated joint venture		(65)	(56)	(16)	13	(5)	23	(55)	(77)	(125)		(114)		(266)
net (loss) income from continuing operations		(19,152)	3,617	2,601	1,784	(1,108)	3,324	2,913	948	(11,158)		6,071		20,877
(loss) income before income taxes from discontinued operation		(8,698)	(7,824)	(441)	(621)	(477)	(313)	37	17	(17,577)		(726)
income tax benefit (expense)		25		32	11	74	49	(6)		68		113
net (loss) income from discontinued operation		(8,673)	(7,824)	(409)	(610)	(403)	(264)	31	17	(17,509)		(613)
net (loss) income		(27,825)	(4,207)	2,192	1,174	(1,511)	3,060	2,944	965	(28,667)		5,458		20,877
depreciation		$ 1,946	$ 1,987	$ 1,988	$ 1,905	$ 2,030	$ 2,031	$ 2,041	$ 2,015	$ 7,827		$ 8,117		$ 7,672
weighted average shares outstanding		12,297,000	12,409,000	12,408,000	12,399,000	12,384,000	12,438,000	12,515,000	12,510,000	12,378,000		12,462,000		12,431,000
weighted average shares outstanding , assuming dilution		12,297,000	12,420,000	12,408,000	12,410,000	12,384,000	12,465,000	12,551,000	12,600,000	12,378,000		12,548,000		12,633,000
PER SHARE DATA
net (loss) income from continuing operations per share - basic		$ (1.56)	$ 0.29	$ 0.21	$ 0.14	$ (0.09)	$ 0.27	$ 0.23	$ 0.08	$ (0.90)		$ 0.49		$ 1.68
net (loss) income from continuing operations per share - diluted		(1.56)	0.29	0.21	0.14	(0.09)	0.27	0.23	0.08	(0.90)		0.48		1.65
net (loss) income from discontinued operation per share - basic		(0.71)	(0.63)	(0.03)	(0.05)	(0.03)	(0.02)			(1.41)		(0.05)
net (loss) income from discontinued operation per share - diluted		(0.71)	(0.63)	(0.03)	(0.05)	(0.03)	(0.02)			(1.41)		(0.05)
net (loss) income from per share-basic		(2.26)	(0.34)	0.18	0.09	(0.12)	0.25	0.24	0.08	(2.32)		0.44		1.68
net (loss) income per share-diluted		(2.26)	(0.34)	0.18	0.09	(0.12)	0.25	0.24	0.08	$ (2.32)		$ 0.43		$ 1.65
book value		$ 10.56	$ 12.93	$ 13.01	$ 12.91	$ 12.91	$ 13.16	$ 13.04	$ 12.90
BALANCE SHEET DATA
operating working capital	[2]	$ 49,389	$ 58,862	$ 48,220	$ 48,662	$ 47,736	$ 50,997	$ 48,776	$ 50,884	$ 49,389		$ 47,736
property, plant and equipment, net		43,147	44,652	45,221	45,475	46,479	48,144	49,243	51,037	43,147		46,479
total assets		215,084	212,140	233,522	226,247	220,556	225,738	223,041	227,122	215,084		220,556
capital expenditures		462	1,431	1,831	909	295	835	590	1,255	4,633	[3]	2,975	[3]	$ 7,439	[3]
dividends paid		1,289	1,304	1,241	1,241	1,239	1,240	1,126	1,127	5,075		4,732		$ 6,843
lines of credit and Paycheck Protection Program loan	[4]	38,371							4,000	38,371
shareholders' equity attributable to Culp Inc.		129,698	159,843	161,520	160,146	159,933	162,775	162,918	161,490	129,698		159,933
capital employed		$ 94,526	$ 116,181	$ 107,018	$ 107,832	$ 107,561	$ 112,599	$ 112,403	$ 116,743	$ 94,526		$ 107,561
RATIOS & OTHER DATA
gross profit margin from continuing operations		6.40%	16.80%	19.40%	17.60%	16.70%	17.90%	16.10%	14.40%
operating income margin from continuing operations		(38.00%)	4.00%	6.30%	4.70%	3.60%	6.30%	5.90%	3.00%
net (loss) income margin from continuing operations		(40.40%)	5.30%	3.70%	2.50%	(1.70%)	4.50%	4.00%	1.40%
effective income tax rate associated with continuing operations		(3.80%)	(36.00%)	42.40%	48.90%	155.50%	27.80%	30.00%	46.90%	(43.70%)		51.40%		21.40%
Debt-to-total capital employed ratio	[4],[5]	40.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.40%	40.60%		0.00%
operating working capital turnover	[2]	5.1	5.4	5.7	5.7	5.7	5.9	6.2	6.6
days sales in receivables		48	33	30	30	33	30	29	32
inventory turnover		3.5	4.3	4.5	4.9	4.5	5.1	5.1	4.4
stock price
high		$ 12.93	$ 16.92	$ 17.49	$ 21.08	$ 21.06	$ 23.84	$ 27.78	$ 32.05
low		5.87	12.35	13.09	16.41	17.05	18.06	21.04	23.90
close		$ 6.91	$ 12.63	$ 15.35	$ 17.39	$ 20.74	$ 18.47	$ 22.31	$ 24.75	$ 6.91		$ 20.74
daily average trading volume (shares)		75.9	41.6	31.4	23.5	35.6	43.3	29.8	27
[1]	During fiscal 2020, we incurred asset impairment charges totaling $13.7 million, of which $13.6 million and $143,000 were associated with goodwill and a tradename associated Read, respectively. Of this $13.7 million, $11.5 million and $2.2 million pertained to the mattress fabrics segment and upholstery fabrics segment, respectively.
[2]	Operating working capital includes accounts receivable and inventories, less accounts payable-trade, accounts payable-capital expenditures, and deferred revenue.
[3]	Capital expenditure amounts are stated on an accrual basis. See the Consolidated Statement of Cash Flows for capital expenditure amounts on a cash basis.
[4]	Debt represents outstanding borrowings on our lines of credit and the Paycheck Protection Program loan.
[5]	Capital employed does not include cash and cash equivalents, short-term investments-held-to-maturity, short-term investments-available for sale, long-term investments – rabbi trust, long-term investments-held-to-maturity, noncurrent deferred income tax assets and liabilities, current and noncurrent income taxes receivable and payable, lines of credit, Paycheck Protection Program loan, deferred compensation, and financial statement line items associated with our discontinued operation.