Culp (CULP) 10-Q 11 Sep 20 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 02, 2020	Sep. 08, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 2, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--05-02
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
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		12,297,830
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	27265-1402
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
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED STATEMENTS OF NET

CONSOLIDATED STATEMENTS OF NET (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Income Statement [Abstract]
Net sales	$ 64,464	$ 70,719
Cost of sales	(54,563)	(58,307)
Gross profit from continuing operations	9,901	12,412
Selling, general and administrative expenses	(8,018)	(9,149)
Restructuring credit		35
Income from continuing operations	1,883	3,298
Interest expense	(51)
Interest income	58	260
Other expense	(366)	(95)
Income before income taxes from continuing operations	1,524	3,463
Income tax expense	(4,324)	(1,692)
Income from investment in unconsolidated joint venture	67	13
Net (loss) income from continuing operations	(2,733)	1,784
Loss before income taxes from discontinued operation		(621)
Income tax benefit		11
Net loss from discontinued operation		(610)
Net (loss) income	$ (2,733)	$ 1,174
Net (loss) income from continuing operations per share - basic	$ (0.22)	$ 0.14
Net (loss) income from continuing operations per share - diluted	(0.22)	0.14
Net loss from discontinued operation per share - basic		(0.05)
Net loss from discontinued operation per share - diluted		(0.05)
Net (loss) income per share - basic	(0.22)	0.09
Net (loss) income per share - diluted	$ (0.22)	$ 0.09
Average shares outstanding, basic	12,287	12,399
Average shares outstanding, diluted	12,287	12,410

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (2,733)	$ 1,174
Unrealized holding gains on investments, net of tax	69	6
Comprehensive (loss) income	(2,664)	1,180
Plus: Comprehensive loss attributable to noncontrolling interest associated with discontinued operation		164
Comprehensive (loss) income attributable to Culp, Inc. common shareholders	$ (2,664)	$ 1,344

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)		Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Current assets:
Cash and cash equivalents		$ 39,986,000	$ 69,790,000	[1]	$ 44,236,000
Short-term investments - Held-To-Maturity		5,092,000	4,271,000	[1]
Short-term investments - Available for Sale		983,000	923,000	[1]
Accounts receivable, net		29,893,000	25,093,000	[1]	23,661,000
Inventories		40,402,000	47,907,000	[1]	47,593,000
Current income taxes receivable		782,000	1,585,000	[1]	776,000
Current assets - Discontinued operation					3,557,000
Other current assets		3,547,000	2,116,000	[1]	2,617,000
Total current assets		120,685,000	151,685,000	[1]	122,440,000
Property, plant and equipment, net		42,051,000	43,147,000	[1]	45,475,000
Goodwill					13,569,000
Intangible assets		3,286,000	3,380,000	[1]	3,805,000
Long-term investments - rabbi trust		7,916,000	7,834,000	[1]	7,347,000
Long-term investments - Held-To-Maturity		1,314,000	2,076,000	[1]
Right of use assets		6,443,000	3,903,000	[1]	5,488,000
Noncurrent income taxes receivable					733,000
Deferred income taxes		593,000	793,000	[1]	486,000
Investment in unconsolidated joint venture		1,759,000	1,602,000	[1]	1,520,000
Long-term note receivable affiliated with discontinued operation					1,800,000
Noncurrent assets - Discontinued operation					23,058,000
Other assets		540,000	664,000	[1]	526,000
Total assets		184,587,000	215,084,000	[1]	226,247,000
Current liabilities:
Line of credit - China operations	[1]		1,015,000
Paycheck Protection Program Loan	[1]		7,606,000
Accounts payable - trade		25,746,000	23,002,000	[1]	21,855,000
Accounts payable - capital expenditures		333,000	107,000	[1]	50,000
Operating lease liability - current		2,387,000	1,805,000	[1]	2,270,000
Deferred revenue		685,000	502,000	[1]	684,000
Accrued expenses		7,852,000	5,687,000	[1]	8,104,000
Accrued restructuring costs					42,000
Current liabilities - Discontinued operation					1,431,000
Income taxes payable - current		613,000	395,000	[1]	1,116,000
Total current liabilities		37,616,000	40,119,000	[1]	35,552,000
Line of credit - U.S. operations	[1]		29,750,000
Accrued expenses - long-term		117,000	167,000	[1]	333,000
Operating lease liability - noncurrent		4,214,000	2,016,000	[1]	3,081,000
Income taxes payable - long-term		3,591,000	3,796,000	[1]	3,640,000
Deferred income taxes		5,311,000	1,818,000	[1]	2,543,000
Deferred compensation		7,869,000	7,720,000	[1]	7,232,000
Contingent consideration affiliated with discontinued operation					5,931,000
Noncurrent liabilities - Discontinued operation					3,599,000
Total liabilities		58,718,000	85,386,000	[1]	61,911,000
Commitments and Contingencies (Notes 10, 17 and 18)				[1]
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000				[1]
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,291,946 at August 2, 2020; 12,405,014 at August 4, 2019; and 12,284,946 at May 3, 2020		615,000	615,000	[1]	621,000
Capital contributed in excess of par value		42,708,000	42,582,000	[1]	43,803,000
Accumulated earnings		82,487,000	86,511,000	[1]	115,676,000
Accumulated other comprehensive income (loss)		59,000	(10,000)	[1]	46,000
Total shareholders' equity attributable to Culp Inc.		125,869,000	129,698,000	[1]	160,146,000
Noncontrolling interest - Discontinued Operation					4,190,000
Total equity		125,869,000	129,698,000	[1]	164,336,000
Total liabilities and shareholders' equity		$ 184,587,000	$ 215,084,000	[1]	$ 226,247,000
[1]	Derived from audited financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.05	$ 0.05	$ 0.05
Preferred stock, authorized shares	10,000,000	10,000,000	10,000,000
Common stock, par value	$ 0.05	$ 0.05	$ 0.05
Common stock, authorized shares	40,000,000	40,000,000	40,000,000
Common stock, issued	12,291,946	12,284,946	12,405,014
Common stock, outstanding	12,291,946	12,284,946	12,405,014

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Cash flows from operating activities:
Net (loss) income	$ (2,733)	$ 1,174
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation	1,822	1,905
Amortization	118	176
Stock-based compensation	126	154
Deferred income taxes	3,693	(662)
Gain on disposal of equipment		(17)
Income from investment in unconsolidated joint venture	(67)	(13)
Foreign currency exchange loss (gain)	154	(47)
Changes in assets and liabilities:
Accounts receivable	(4,757)	(375)
Inventories	7,592	(25)
Other current assets	(1,254)	161
Other assets	(24)	111
Accounts payable – trade	2,544	(1,468)
Deferred revenue	183	285
Accrued expenses and deferred compensation	2,377	222
Accrued restructuring costs		(82)
Income taxes	807	524
Net cash provided by operating activities	10,581	2,023
Cash flows from investing activities:
Capital expenditures	(500)	(935)
Proceeds from the sale of equipment		209
Investment in unconsolidated joint venture	(90)
Proceeds from the sale of short-term investments (Held to Maturity)	350	5,000
Purchase of short-term and long-term investments (Held to Maturity)	(423)
Purchase of short-term investments (Available for Sale)	(34)
Proceeds from the sale of long-term investments (Rabbi Trust)	39
Purchase of long-term investments (Rabbi Trust)	(78)	(259)
Net cash (used in) provided by investing activities	(736)	4,015
Cash flows from financing activities:
Payments associated with lines of credit	(30,772)
Payments associated with Paycheck Protection Program Loan	(7,606)
Dividends paid	(1,291)	(1,241)
Cash paid for acquisition of business		(763)
Proceeds from subordinated loan payable associated with the noncontrolling interest of discontinued operation		250
Capital contribution from noncontrolling interest associated with discontinued operation		40
Common stock surrendered for withholding taxes payable		(44)
Payments of debt issuance costs	(15)
Net cash used in financing activities	(39,684)	(1,758)
Effect of exchange rate changes on cash and cash equivalents	35	(52)
(Decrease) increase in cash and cash equivalents	(29,804)	4,228
Cash and cash equivalents at beginning of period	69,790	40,008
Cash and cash equivalents at end of period	$ 39,986	$ 44,236

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.	Noncontrolling Interest Discontinued Operation
Balance at Apr. 28, 2019	[1]	$ 164,247	$ 620	$ 43,694	$ 115,579	$ 40	$ 159,933	$ 4,314
Balance (in shares) at Apr. 28, 2019	[1]		12,391,160
Net income (loss)		1,174			1,338		1,338	(164)
Stock-based compensation		154		154			154
Unrealized gain on investments		6				6	6
Common stock issued in connection with vesting of performance based restricted stock units			$ 1	(1)
Common stock issued in connection with vesting of performance based restricted stock units (in shares)			12,776
Fully vested common stock award, (in shares)			3,659
Common stock surrendered for withholding taxes payable		(44)		(44)			(44)
Common stock surrendered for withholding taxes payable (in shares)			(2,581)
Dividends paid		(1,241)			(1,241)		(1,241)
Capital contribution from non-controllinginterest associated with discontinuedoperation		40						40
Balance at Aug. 04, 2019		164,336	$ 621	43,803	115,676	46	$ 160,146	$ 4,190
Balance (in shares) at Aug. 04, 2019			12,405,014
Balance at May. 03, 2020	[1]	129,698	$ 615	42,582	86,511	(10)
Balance (in shares) at May. 03, 2020	[1]		12,284,946
Net income (loss)		(2,733)			(2,733)
Stock-based compensation		126		126
Unrealized gain on investments		69				69
Fully vested common stock award, (in shares)			7,000
Dividends paid		(1,291)			(1,291)
Balance at Aug. 02, 2020		$ 125,869	$ 615	$ 42,708	$ 82,487	$ 59
Balance (in shares) at Aug. 02, 2020			12,291,946
[1]	Derived from audited financial statements.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Aug. 02, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited consolidated financial statements of Culp, Inc. and its majority-owned subsidiaries (the “company”) include all adjustments, which are, in the opinion of management, necessary for fair presentation of the results of operations and financial position. All of these adjustments are of a normal recurring nature. Results of operations for interim periods may not be indicative of future results. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, which are included in the company’s annual report on Form 10-K filed with the Securities and Exchange Commission on July 17, 2020, for the fiscal year ended May 3, 2020. The company’s three-months ended August 2, 2020, and August 4, 2019, represent 13-week and 14-week periods, respectively.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Aug. 02, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of August 2, 2020, there were no changes in the nature of our significant accounting policies or the application of those policies from those reported in our annual report on Form 10-K for the year then ended May 3, 2020. Recently Adopted Accounting Pronouncements Current Expected Credit Losses (CECL) In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses Measurement of Credit Losses on Financial Instruments Recently Issued Accounting Pronouncements The company has considered all recent accounting pronouncements and currently believes there are no recent accounting pronouncements that may have a material impact on our Consolidated Financial Statements.

Home Accessories Segment _ Disc

Home Accessories Segment – Discontinued Operation	3 Months Ended
	Aug. 02, 2020
Discontinued Operations And Disposal Groups [Abstract]
Home Accessories Segment – Discontinued Operation	3. HOME ACCESSORIES SEGMENT – DISCONTINUED OPERATION Overview On March 31, 2020, we sold our entire ownership interest in eLuxury, LLC (“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, which was part of our comprehensive response to the challenging business conditions arising from the COVID-19 global pandemic, is expected to increase our liquidity and allows us to focus on our core businesses of upholstery and mattress fabrics. 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 (the 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. This sale (and the resulting elimination of the home accessories segment) was the result of our strategic decision to focus on our core business products, which 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 Statement of Net Income for the three-months ending August 4, 2019. Additionally, assets and liabilities associated with our home accessories segment as of August 4, 2019, were reclassified from certain amounts reported in the prior period to present separately in captions titled “current assets – discontinued operation”, “noncurrent assets – discontinued operation”, “current liabilities -discontinued operation”, and “noncurrent liabilities – discontinued operation” to conform to current year financial statement presentation. Consolidated Balance Sheet The following is a summary of the assets and liabilities of the disposal group that are presented separately as a discontinued operation on the Consolidated Balance Sheet as of August 4, 2019. August 4, (dollars in thousands) 2019 ASSETS current assets: cash and cash equivalents $ — accounts receivable 429 inventories 3,067 other current assets 61 total current assets - discontinued operation 3,557 property, plant, and equipment 1,814 goodwill 13,653 intangible asset 6,549 right of use asset 1,042 total noncurrent assets - discontinued operation 23,058 total assets $ 26,615 LIABILITIES AND NET ASSETS current liabilities: accounts payable $ 783 operating lease liability - current 186 accrued expenses 462 total current liabilities - discontinued operation 1,431 loan payable - Culp Inc. 1,800 subordinated loan payable - noncontrolling interest 925 operating lease liability - long-term 874 total noncurrent liabilities - discontinued operation 3,599 total liabilities 5,030 total net assets of discontinued operation $ 21,585 Net Loss from Discontinued Operation The following is a summary of the major classes of financial statement line items constituting loss before income taxes from discontinued operation that are presented in the Consolidated Statements of Net Income for the three-months ending August 4, 2019: August 4, (dollars in thousands) 2019 net sales $ 4,302 cost of sales (3,349 ) gross profit 953 selling, general and administrative expenses (1,562 ) interest expense (1) (20 ) other income 8 loss before income taxes from discontinued operation (621 ) income tax benefit 11 net loss from discontinued operation $ (610 ) (1) Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the former noncontrolling interest holder) or required to be paid to Culp Inc. based on the terms of the sale agreement. The following is a summary of net (loss) income from continuing operations, net loss from discontinued operation, and net (loss) income attributable to Culp Inc. common shareholders and the noncontrolling interest associated with our discontinued operation for the three-months ending August 2, 2020, and August 4, 2019: August 2, August 4, (dollars in thousands) 2020 2019 net (loss) income from continuing operations $ (2,733 ) $ 1,784 net (loss) income from continuing operations attributable to noncontrolling interest — — net (loss) income from continuing operations attributable to Culp Inc. common shareholders $ (2,733 ) $ 1,784 net loss from discontinued operation $ - $ (610 ) net loss from discontinued operation attributable to noncontrolling interest — 164 net loss from discontinued operation attributable to Culp Inc. common shareholders $ - $ (446 ) net loss (income) $ (2,733 ) $ 1,174 net loss from noncontrolling interest associated with a discontinued operation — 164 net (loss) income attributable to Culp Inc. common shareholders $ (2,733 ) $ 1,338 Cash Flow Disclosures Our discontinued operation had net cash used in operating activities totaling $1.4 million during the three-months ending August 4, 2019. Our discontinued operation did not have any net cash (used in) or provided by investing activities during the three-months ending August 4, 2019. 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 holder of eLuxury, totaling $1.4 million during the three-months ending August 4, 2019. We believe our liquidity will improve in the absence of our former home accessories segment due to the significant losses that were incurred by that segment and the funding of its working capital requirements primarily by us through loans and capital contributions that will no longer be required. 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 goods 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 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 our Consolidated Statement of Income for the three-months ending August 4, 2019. Therefore, we reported both net sales and cost of sales from continuing operations totaling $174,000 during the three-months ending August 4, 2019, that were previously eliminated in consolidation. During the three-months ending August 2, 2020, shipments to eLuxury under the supply arrangement totaled $244,000. During the three-months ending August 2, 2020, we received payments pursuant to the royalty agreement totaling $17,000. 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 transaction, have indemnified us from any liabilities and obligations that we would be required to pay regarding this lease agreement.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	3 Months Ended
	Aug. 02, 2020
Receivables [Abstract]
Allowance for Doubtful Accounts	4. Allowance for Doubtful Accounts A summary of the activity in the allowance for doubtful accounts follows: Three Months Ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 472 $ 393 Provision for bad debts 80 (30 ) Net write-offs, net of recoveries — — Ending balance $ 552 $ 363 During the three-months ended August 2, 2020, we assessed the credit risk of our customers within our accounts receivable. Our risk assessment includes the respective customer’s (i) financial position; (ii) past payment history; (iii) management’s general ability; (iv) historical loss experience; and (v) the ongoing economic uncertainty associated with the COVID-19 global pandemic. After our risk assessment was completed, we assigned credit grades to our customers, which in turn, were used to determine our allowance for doubtful accounts totaling $552,000 as of August 2, 2020.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Aug. 02, 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. Additionally, Read Window Products LLC (“Read”), a wholly-owned subsidiary, is a turn-key provider of window treatments and sourcing of upholstery fabrics and other products, as well as measuring, and installation services of Read’s products for the hospitality and commercial industries. Read also 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 and upholstery fabrics, as well as the performance of customized fabrication and installation services of Read’s own products associated with window treatments. 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. Thus, 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 $4.3 million during the first quarter of fiscal 2020. Revenue associated with the sales of home accessories products was recognized at the point-in-time when control was transferred to the customer. 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 August 2, 2020, August 4, 2019, and May 3, 2020. A summary of the activity associated with deferred revenue for the three-month periods ended August 2, 2020, and August 4, 2019, follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 502 $ 399 Revenue recognized on contract liabilities (593 ) (483 ) Payments received for services not yet rendered 776 768 Ending balance $ 685 $ 684 Disaggregation of Revenue The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 2, 2020: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 36,103 $ 26,061 $ 62,164 Services transferred over time — 2,300 2,300 Total Net Sales $ 36,103 $ 28,361 $ 64,464 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 4 , 201 9 : Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 38,859 $ 29,827 $ 68,686 Services transferred over time — 2,033 2,033 Total Net Sales $ 38,859 $ 31,860 $ 70,719

Inventories

Inventories	3 Months Ended
	Aug. 02, 2020
Inventory Disclosure [Abstract]
Inventories	6. Inventories Inventories are carried at the lower of cost or net realizable value. Cost is determined using the FIFO (first-in, first-out) method. A summary of inventories follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Raw materials $ 7,742 $ 6,467 $ 7,823 Work-in-process 2,292 2,677 1,958 Finished goods 30,368 41,516 38,126 $ 40,402 $ 50,660 (1) $ 47,907 (1) As of August 4, 2019, inventory totaled $50.7 million, of which $47.6 million and $3.1 million were classified as inventory and within current assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet .

Intangible Assets

Intangible Assets	3 Months Ended
	Aug. 02, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets A summary of intangible assets follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Tradenames $ 540 $ 7,232 $ 540 Customer relationships, net 2,162 2,463 2,238 Non-compete agreement, net 584 659 602 $ 3,286 $ 10,354 (1) $ 3,380 (1) As of August 4, 2019, intangible assets totaled $10.4 million, of which $3.8 million and $6.6 million were classified as intangible assets and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets Tradenames Our tradename totaling $540,000 as of August 2, 2020, pertained to Read, a separate reporting unit within the upholstery fabrics segment. This tradename was determined to have an indefinite useful life at the time of its acquisition, and therefore, is not being amortized. However, we are required to assess this tradename annually or between annual tests if we believe indicators of impairment exist. Based on our assessment as of August 2, 2020, no indicators of impairment existed. However, during our annual assessment as of May 3, 2020, we performed a qualitative assessment in which we concluded that it was more-likely-than-not that the fair value of Read’s tradename was less than its carrying amount. This conclusion was based on impairment indicators that existed, such as our unfavorable financial performance during the fourth quarter of fiscal 2020 and the significant decline in the price per share of our common stock and market capitalization stemming from the COVID-19 global pandemic. Since we determined it was more-likely-than-not that the fair market 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 and comparing the respective fair value of Read’s tradename with its carrying amount. Consequently, based on our quantitative impairment test, we recorded an asset impairment charge totaling $143,000 during the fourth quarter of fiscal 2020. As a result of our quantitative impairment test, we determined the fair value of our tradename was $540,000 using the relief from royalty method. This method used significant unobservable inputs and therefore, the fair value of our tradename was classified as level 3 within the fair value hierarchy. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 2,238 $ 2,538 Amortization expense (76 ) (75 ) Ending balance $ 2,162 $ 2,463 Our customer relationships are amortized on a straight-line basis over useful lives ranging from nine to seventeen years. The gross carrying amount of our customer relationships were $3.1 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively. Accumulated amortization for these customer relationships were $953,000, $652,000 and $877,000 at August 2, 2020, August 4, 2019, and May 3, 2020, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2021 - $226,000; FY 2022 - $301,000; FY 2023 - $301,000; FY 2024 - $301,000; FY 2025 - $301,000; and thereafter - $732,000. The weighted average amortization period for our customer relationships is 7.4 years as of August 2, 2020. Non-Compete Agreement A summary of the change in the carrying amount of our non-compete agreement follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 602 $ 678 Amortization expense (18 ) (19 ) Ending balance $ 584 $ 659 Our non-compete agreement is amortized on a straight-line basis over the fifteen-year The gross carrying amount of our non-compete agreement was $2.0 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively. Accumulated amortization for our non-compete agreement was $1.5 million as of August 2, 2020, $1.4 million as of August 4, 2019, and $1.4 million as of May 3, 2020. The remaining amortization expense for the next five years and thereafter follows: FY 2021 - $56,000; FY 2022 - $76,000; FY 2023 - $76,000; FY 2024 - $76,000; FY 2025 - $76,000, and Thereafter - $224,000. The weighted average amortization period for the non-compete agreement is 7.8 years as of August 2, 2020.

Investment in Unconsolidated Jo

Investment in Unconsolidated Joint Venture	3 Months Ended
	Aug. 02, 2020
Equity Method Investments And Joint Ventures [Abstract]
Investment in Unconsolidated Joint Venture	8. 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 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 currently expected to be completed during 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 was paid May 2020, and the remaining balance of $420,000 is to be paid upon completion. CLIH reported net income totaling $134,000 and $26,000 for the three-month periods ending August 2, 2020, and August 4, 2019, respectively. Our equity interest in CLIH’s net income was $67,000 and $13,000 for the three-month periods ending August 2, 2020, and August 4, 2019, respectively. The following table summarizes information on assets, liabilities, and members’ equity of our equity method investment in CLIH: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Total assets $ 3,668 $ 3,161 $ 3,338 Total liabilities $ 149 $ 120 $ 133 Total members’ equity $ 3,519 $ 3,041 $ 3,205 As of August 2, 2020, August 4, 2019, and May 3, 2020, our investment in CLIH totaled $1.8 million, $1.5 million, and $1.6 million, respectively, which represents the company’s fifty percent ownership interest in CLIH.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Aug. 02, 2020
Text Block [Abstract]
Accrued Expenses	9. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Compensation, commissions and related benefits $ 4,549 $ 3,493 $ 3,038 Interest — 13 9 Other accrued expenses 3,420 5,393 2,807 $ 7,969 $ 8,899 $ 5,854 As of August 2, 2020, we had accrued expenses totaling $8.0 million, of which $7.9 million and $117,000 were classified as current accrued expenses and long-term accrued expenses, respectively, in the accompanying Consolidated Balance Sheets. As of August 4, 2019, we had accrued expenses totaling $8.9 million, of which $8.1 million, $333,000, and $462,000 were classified as current accrued expenses, long-term accrued expenses, and current liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets. As of May 3, 2020, we had accrued expenses totaling $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.

Lines of Credit and Paycheck Pr

Lines of Credit and Paycheck Protection Program Loan	3 Months Ended
	Aug. 02, 2020
Debt Disclosure [Abstract]
Lines of Credit and Paycheck Protection Program Loan	10. Lines of Credit and Paycheck Protection Program Loan Revolving Credit Agreement – United States Our Credit Agreement with Wells Fargo Bank, N.A. (“Wells Fargo”) provides a revolving loan commitment of $30 million, is set to expire on August 15, 2022, and allows us to issue letters of credit not to exceed $1 million. Interest is charged at a rate (applicable interest rate of 1.75%, 3.68%, and 1.75% as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively) as a variable spread over LIBOR based on our ratio of debt to EBITDA. Outstanding borrowings are secured by a pledge of 65% of the common stock of Culp International Holdings Ltd. (our subsidiary located in the Cayman Islands), as required by the Credit Agreement. 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 this line of credit during the fourth quarter of fiscal 2020. Consequently, we had outstanding borrowings of $29.8 million under the Credit Agreement as of May 3, 2020. During June 2020, we repaid the entire $29.8 million outstanding balance, and as a result, there were no borrowings outstanding under the Credit Agreement as of August 2, 2020. Additionally, there were no borrowings outstanding under the Credit Agreement as of August 4, 2019. As of August 2, 2020, August 4, 2019, and May 3, 2020, there were $250,000 in outstanding letters of credit (all of which related to workers compensation) provided by the Credit Agreement. As of August 2, 2020, we had $750,000 remaining for the issuance of additional letters of credit. 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’s ($5.7 million USD as of August 2, 2020). This agreement has an interest rate determined by the Chinese government at the time of borrowing and is set to expire on December 4, 2020. As of May 3, 2020, there were outstanding borrowings under the agreement totaling $1.0 million, at an applicable interest rate of 2.41%. During June 2020, we repaid the entire $1.0 million outstanding balance, and as a result, there were no borrowings outstanding under the agreement as of August 2, 2020. Additionally, there were no borrowings outstanding under the agreement as of August 4, 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 August 2, 2020, we were in compliance with these financial covenants.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Aug. 02, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	11. 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 The following table presents information about assets measured at fair value on a recurring basis: Fair value measurements as of August 2, 2020 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 7,533 N/A N/A $ 7,533 Short Term Bond Funds 983 N/A N/A 983 Growth Allocation Fund 246 N/A N/A 246 Moderate Allocation Fund 71 N/A N/A 71 Other 66 N/A N/A 66 Fair value measurements as of August 4, 2019 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,920 N/A N/A $ 6,920 Growth Allocation Fund 213 N/A N/A 213 Moderate Allocation Fund 130 N/A N/A 130 Other 84 N/A N/A 84 Fair value measurements as of May 3, 2020 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs 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 Short-Term Investments – Available for Sale Our short-term investments classified as available for sale consisted of a short-term mutual bond funds and had an accumulated unrealized gain totaling $6,000 as of August 2, 2020, and $9,000, as of May 3, 2020. Our short-term investments classified as available for sale were recorded at their fair values of $983,000, and $923,000 as of August 2, 2020, and May 3, 2020, respectively. As of August 2, 2020, and May 3, 2020, the fair value of our short-term investments approximated their cost basis. There were no short-term investments classified as available for sale on August 4, 2019. Short-Term and Long-Term 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 August 2, 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. As of August 2, 2020, and May 3, 2020, our held-to-maturity investments recorded at amortized cost totaled $6.4 million and $6.3 million, respectively. The fair value of our held-to-maturity investments as of August 2, 2020, and May 3, 2020, totaled $6.5 million and $6.4 million, respectively. There were no investments classified as held-to-maturity on August 4, 2019. 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 bond investments were 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 bond investment . Current Expected Credit Loses (CECL)- Available for Sale and Held-To-Maturity Investments As of May 4, 2020, we did not have an allowance for credit losses related to our short-term available for sale and held-to-maturity investments, which are comprised mostly of fixed income securities that are predominantly high-grade U.S. and foreign corporate bonds, U.S. Treasury bonds, and short-term mutual bond funds. As a result of our adoption of Topic 326 effective May 4, 2020, we determined that our credit loss exposure was immaterial due to the short-term nature of our mutual bond funds and we have experienced historically low unrealized losses and gains during past reporting periods. In addition, it is not our intention to sell or likely that we will be required to sell our held-to-maturity investments before the recovery of their amortized cost basis. As of August 2, 2020, we reported an accumulated unrealized gain of $6,000 associated with our short-term investments classified as available for sale. As mentioned above, it is not our intention to sell or is likely that we will be required to sell our held-to-maturity investments before the recovery of their amortized cost basis. Accordingly, we did not record any credit loss expense during the three-months ending August 2, 2020. Long-Term Investments - Rabbi Trust We have a rabbi trust to set aside funds for participants of our deferred compensation plan (the “Plan”), which enables its participants to credit their contributions to various investment options of the Plan. The investments associated with the rabbi trust consist of a money market fund and various mutual funds that are classified as available for sale. The long-term investments associated with our rabbi trust were recorded at their fair values of $7.9 million, $7.3 million, and $7.8 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively. The long-term investments associated with our rabbi trust had an accumulated unrealized gain of $53,000 as of August 2, 2020, an unrealized gain of $46,000 as of August 4, 2019, and an unrealized loss of $19,000 as of May 3, 2020. The fair value of our long-term investments associated with our rabbi trust approximates their cost basis. Other The carrying amount of our cash and cash equivalents, accounts receivable, other current assets, accounts payable, and accrued expenses approximates fair value because of the short maturity of these financial instruments. Nonrecurring Basis – Fourth Quarter Fiscal 2020 Continuing Operations In accordance with ASC Topic 350 Intangibles – Goodwill and Other, that the goodwill associated with our mattress fabrics segment and the goodwill and tradename affiliated with Read were impaired, and therefore, we conducted quantitative asset impairment tests. Consequently, based on the results of our quantitative asset impairment tests as of May 3, 2020, we recorded Our fair values associated with our goodwill and tradename were determined using a discounted cash flow and the relief from royalty methods, respectively. These methods used significant unobservable inputs, and therefore, the fair values of our goodwill and tradename were classified within level 3 of the fair value hierarchy. Discontinued Operation – Home Accessories Segment During the fourth quarter of fiscal 2020, we record asset impairment charges totaling $6.6 million, of which $4.2 million and $2.4 million were for the entire remaining carrying value associated with our former home accessories segment’s tradename and goodwill. These impairment charges were based on the expected selling price of our entire ownership interest in eLuxury in comparison to its carrying amount. As disclosed in Note 3 of 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 in eLuxury. We believe the expected selling price represents a significant observable input and therefore, the fair values of our former home accessories segment’s tradename and goodwill were classified within level 2 of the fair value hierarchy.

Cash Flow Information

Cash Flow Information	3 Months Ended
	Aug. 02, 2020
Supplemental Cash Flow Elements [Abstract]
Cash Flow Information	12. Cash Flow Information Interest and income taxes paid are as follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Interest $ 60 $ — Income taxes (1) (2) 9 1,822 (1) In accordance with the provisions of the 2017 Tax Cuts and Jobs Act, corporate taxpayers were eligible to treat prior AMT credit carryforwards as refundable. Accordingly, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable, and as a result, 50% of the $1.5 million refundable balance was expected to be received in each our fiscal years 2021 and 2022, respectively. Net income taxes paid for the three-month period ending August 2, 2020, included our first 50% installment of our refundable balance totaling $746,000. In accordance with the provisions of the CARES Act, 100% of AMT credit carryforwards for tax years beginning in the 2019 tax year were immediately refundable. Accordingly, we claimed credit for the remaining 50% installment of our refundable AMT credit carryforward in May 2020. We received our remaining 50% installment plus interest totaling $764,000 during the second quarter of fiscal 2021. (2) The net income tax payments totaling $9,000 during the first quarter of fiscal 2021 included income tax payments associated with our foreign jurisdictions totaling $755,000 that were mostly offset by the U.S. income tax refund of $746,000 received during the first quarter of fiscal 2021 as referenced in note (1) above. The income tax payments totaling $1.8 million during the first quarter of fiscal 2020, represented income tax payments associated with our foreign jurisdictions totaling $984,000 and a withholding tax payment of $838,000 paid to the Chinese government for earnings and profits repatriated to the U.S. parent company.

Net (Loss) Income from Continui

Net (Loss) Income from Continuing Operations Per Share	3 Months Ended
	Aug. 02, 2020
Earnings Per Share [Abstract]
Net (Loss) Income from Continuing Operations Per Share	13. 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: Three months ended (amounts in thousands) August 2, 2020 August 4, 2019 Weighted average common shares outstanding, basic 12,287 12,399 Dilutive effect of stock-based compensation — 11 Weighted average common shares outstanding, diluted 12,287 12,410 During the first quarter of fiscal 2021, 27,153 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 as result a result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our stock-based compensation awards. During the first quarter of fiscal 2021, an additional 6,675 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, in which their effect would be antidilutive. During the first quarter of fiscal 2020, 612 shares of unvested common stock were not included in the computation of diluted net income from continuing operations per share as their effect would be antidilutive, as result of the decrease in the price per share of our common stock during the reporting period in relation to the price per share of our common stock as of the respective grant dates of our stock-based compensation awards.

Segment Information

Segment Information	3 Months Ended
	Aug. 02, 2020
Segment Reporting [Abstract]
Segment Information	14. 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. Additionally, the segment includes Read, a wholly-owned subsidiary, which is a turn-key provider of window treatments and sourcing of upholstery fabrics and other products, as well as measuring, and installation services of Read’s own products for the hospitality and commercial industries. Read also 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. Thus, 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 August 4, 2019, that is reconciled to captions titled “current assets – discontinued operation”, “noncurrent assets – discontinued operation”, current liabilities – discontinued operation”, and “noncurrent liabilities – discontinued operation” presented in the Consolidated Balance Sheet as of August 4, 2019. 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 Income for the three-month period ending August 4, 2019. Financial Information We evaluate the operating performance of our current business segments based upon income (loss) from continuing operations before certain unallocated corporate expenses, asset impairments, restructuring credit (expense) and restructuring related charges, and other non-recurring items. Cost of sales for each segment includes costs to develop, manufacture, or source our products, including costs such as raw material and finished goods purchases, direct and indirect labor, overhead, and incoming freight charges. Unallocated corporate expenses primarily represent compensation and benefits for certain executive officers and their staff, all costs associated with being a public company, and other miscellaneous expenses. Segment assets include assets used in the operations of each segment and primarily consist of accounts receivable, inventories, property, plant, and equipment, and right of use assets. The mattress fabrics segment also includes in segment assets its investment in an unconsolidated joint venture. Goodwill and intangible assets are not included in segment assets, as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to the individual segments, or determine executive compensation. Statements of operations for our current operating segments are as follows: Three months ended August 2, 2020 August 4, 2019 net sales by segment: mattress fabrics $ 36,103 $ 38,859 upholstery fabrics 28,361 31,860 net sales $ 64,464 $ 70,719 gross profit from continuing operations by segment: mattress fabrics $ 4,608 $ 5,691 upholstery fabrics 5,293 6,721 gross profit from continuing operations $ 9,901 $ 12,412 selling, general, and administrative expenses by segment: mattress fabrics $ 2,763 $ 3,071 upholstery fabrics 3,180 3,846 unallocated corporate expenses 2,075 2,232 selling, general, and administrative expenses $ 8,018 $ 9,149 income (loss) from continuing operations by segment: mattress fabrics $ 1,845 $ 2,620 upholstery fabrics 2,113 2,875 unallocated corporate expenses (2,075 ) (2,232 ) subtotal 1,883 3,263 restructuring credit — 35 total income from continuing operations $ 1,883 $ 3,298 interest expense (51 ) — interest income 58 260 other expense (366 ) (95 ) income before income taxes from continuing operations $ 1,524 $ 3,463 Balance sheet information for our current operating segments follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Segment assets: Mattress Fabrics Accounts receivable $ 15,585 $ 12,632 $ 12,212 Inventory 20,070 24,410 26,620 Property, plant and equipment (1) 39,597 43,211 40,682 Right of use assets (2) 832 235 362 Investment in unconsolidated joint venture 1,759 1,520 1,602 Total mattress fabrics assets 77,843 82,008 81,478 Upholstery Fabrics Accounts receivable 14,308 11,029 12,881 Inventory 20,332 23,183 21,287 Property, plant and equipment (3) 1,634 1,856 1,633 Right of use assets (4) 3,802 3,054 1,633 Total upholstery fabrics assets 40,076 39,122 37,434 Total segment assets 117,919 121,130 118,912 Non-segment assets: Cash and cash equivalents 39,986 44,236 69,790 Short-term investments - available for sale 983 — 923 Short-term investments - held-to-maturity 5,092 — 4,271 Current income taxes receivable 782 776 1,585 Current assets - discontinued operation — 3,557 — Other current assets 3,547 2,617 2,116 Deferred income taxes 593 486 793 Property, plant and equipment (5) 820 408 832 Right of use assets (6) 1,809 2,199 1,908 Goodwill — 13,569 — Intangible assets 3,286 3,805 3,380 Long-term investments - rabbi trust 7,916 7,347 7,834 Long-term investments - held-to-maturity 1,314 — 2,076 Noncurrent income taxes receivable — 733 — Other assets 540 526 664 Long-term note receivable affiliated with discontinued operation — 1,800 — Noncurrent assets - discontinued operation — 23,058 — Total assets $ 184,587 $ 226,247 $ 215,084 Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Capital expenditures (7): Mattress Fabrics $ 545 $ 669 Upholstery Fabrics 113 184 Unallocated Corporate 68 56 Total capital expenditures $ 726 $ 909 Depreciation expense: Mattress Fabrics $ 1,631 $ 1,620 Upholstery Fabrics 191 190 Discontinued Operation — 95 Total depreciation expense $ 1,822 $ 1,905 (1) The $39.6 million as of August 2, 2020, represents property, plant, and equipment of $27.0 million and $12.6 million located in the U.S. and Canada, respectively. The $43.2 million as of August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $40.7 million as of May 3, 2020, represents property, plant, and equipment of $27.7 million and $13.0 million located in the U.S. and Canada, respectively. (2) The $832 as of August 2, 2020 represents right of use assets of $297 and $535 located in the U.S. and Canada, respectively. The $235 as of August 4, 2019, and the $362 as of May 3, 2020, represents right of use assets located in the U.S. (3) The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456 located in the U.S. and China, respectively. The $1.9 million as of August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $1.6 million as of May 3, 2020, represents property, plant, and equipment of $1.2 million and $471 located in the U.S. and China, respectively. (4) The $ 3.8 million as of August 2, 2020, represents right of use assets of $3.1 million and $710 located in China and the U.S., respectively. The $3.1 million a s of August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively . The $1.6 million as of May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively . (5) The $820, $408, and $832 as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (6) The $1.8 million, $2.2 million, and $1.9 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represents right of use assets located in the U.S (7) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes

Income Taxes	3 Months Ended
	Aug. 02, 2020
Income Tax Disclosure [Abstract]
Income Taxes	15. Income Taxes Income Tax Expense Total income tax expense for the three-month periods ending August 2, 2020, and August 4, 2019, were allocated as follows: August 2, August 4, (dollars in thousands) 2020 2019 income from continuing operations $ 4,324 $ 1,692 loss from discontinued operations — (11 ) $ 4,324 $ 1,681 Effective Income Tax Rate We recorded income tax expense of $4.3 million, or 283.7% of income before income taxes from continuing operations, for the three-month period ended August 2, 2020, compared with income tax expense of $1.7 million, or 48.9% of income before income taxes from continuing operations, for the three-month period ended August 4, 2019. Our effective income tax rates associated with our continuing operations for the three-month periods ended August 2, 2020, and August 4, 2019, were based upon the estimated effective income tax rate applicable for the full year after giving effect to any significant items related specifically to interim periods. The effective income tax rate can be affected over the fiscal year by the mix and timing of actual earnings from our U.S. operations and foreign subsidiaries located in China and Canada versus annual projections, as well as changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the principal differences between income tax expense from continuing operations at the U.S. federal income tax rate and the effective income tax rate from continuing operations reflected in the consolidated financial statements for the three-month periods ending August 2, 2020 and August 4, 2019: August 2, August 4, 2020 2019 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance 474.4 — U.S. income tax law change (232.5 ) — Global Intangible Low Taxed Income Tax (GILTI) — 13.6 Foreign income tax rate differential 19.6 10.2 Other 1.2 4.1 283.7 % 48.9 % U.S. Tax Law Change Effective July 20, 2020, the U.S Treasury Department finalized and enacted previously proposed regulations regarding the Global Intangible Low Taxed Income (“GILTI”) tax provisions of the Tax Cuts and Jobs Act of 2017 (“TCJA”). Prior to this enactment, GILTI represented a significant U.S. income tax on our foreign earnings during fiscal 2019 ($2.1 million) and fiscal 2020 ($1.9 million). With the enactment of these final regulations, we are now eligible for an exclusion from GILTI since we meet the provisions for the GILTI High-Tax exception included in the final regulations. In addition, the enactment of the new regulations and our eligibility for the GILTI High-Tax exception are retroactive to the original enactment of the GILTI tax provision, which includes our 2019 and 2020 fiscal years. As a result of the newly enacted regulations, we recorded a non-cash income tax benefit of $3.5 million resulting from the re-establishment of certain U.S. federal net operating loss carryforwards. This $3.5 million income tax benefit was recorded as a discrete event in which its full income tax effects were recorded in the first quarter of fiscal 2021. Valuation Allowance In accordance with ASC Topic 740, we evaluate our deferred income taxes to determine if a valuation allowance is required. ASC Topic 740 requires that companies assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more-likely-than-not” standard, with significant weight being given to evidence that can be objectively verified. Since the company operates in multiple jurisdictions, we assess the need for a valuation allowance on a jurisdiction-by-jurisdiction basis, considering the effects of local tax law. As a result of the U.S. tax law change relating to the GILTI tax provisions of the TCJA, we assessed the need for an additional valuation allowance against our U.S. net deferred income taxes, as GILTI represented a significant source of our U.S. taxable income during fiscal 2019 and 2020 that offset our U.S. pre-tax losses during such years, and which offset is now reversed as a result of the retroactivity of the new regulations. Consequently, due to the retroactivity of the new regulations, we experienced a recent history of cumulative U.S. taxable losses during our last two fiscal years and we currently expect our history of U.S. pre-tax losses to continue into fiscal 2021, as a result of the continuing economic uncertainty associated with the COVID-19 global pandemic. As a result of the significant weight of this negative evidence, we believe it is more-likely-than-not that our U.S. net deferred income tax assets will not be fully realizable. Accordingly, we recorded a non-cash income tax charge of $7.0 million to provide for a full valuation allowance against our U.S. net deferred income tax assets. This $7.0 million income tax charge was recorded as a discrete event in which its full income tax effects were recorded during the first quarter of fiscal 2021. Additionally, we recorded a $271,000 income tax charge through our first quarter of fiscal 2021 to provide for a full valuation allowance against a U.S. income tax loss carryforward that is originating during the current fiscal year. The $271,000 was included in our annual effective income tax rate and not treated as a discrete event. Based on our assessments as of August 2, 2020, August 4, 2019, and May 3, 2020, valuation allowances against our net deferred income taxes pertain to the following: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 U.S. Federal and State net deferred income tax assets $ 7,830 711 867 U.S. capital loss carryforward 2,281 — 2,281 $ 10,111 711 3,148 Undistributed Earnings In accordance with ASC Topic 740, we assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. As of August 2, 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 prior 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, and as a result we recorded a deferred tax liability associated with undistributed earnings from our foreign subsidiaries. Also, we assess the recognition of U.S. foreign income tax credits associated with foreign withholding and income tax payments and whether it is more-likely-than-not that our foreign income tax credits will not be realized. If it is determined that any foreign income tax credits need to be recognized or it is more-likely-than-not our foreign income tax credits will not be realized, an adjustment to our provision for income taxes will be recognized at that time. As a result of the TCJA, a U.S. corporation is allowed a 100% dividend received deduction for earnings and profits received from a 10% owned foreign corporation. Therefore, a deferred tax liability will be required only for withholding taxes that are incurred by our foreign subsidiaries at the time earnings and profits are distributed. As a result, as of August 2, 2020, August 4, 2019, and May 3, 2020, we recorded a deferred income tax liability of $3.6 million, $2.9 million, and $3.4 million, respectively, for withholding taxes on undistributed earnings and profits from our foreign subsidiaries. Uncertain Income Tax Positions In accordance with ASC Topic 740, an unrecognized income tax benefit for an uncertain income tax position can be recognized in the first interim period if the more-likely-than-not recognition threshold is met by the reporting period, or is effectively settled through examination, negotiation, or litigation, or the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. If it is determined that any of the above conditions occur regarding our uncertain income tax positions, an adjustment to our unrecognized income tax benefits will be recorded at that time. As of August 2, 2020, we had a $1.4 million total gross unrecognized income tax benefit, of which $1.1 million and $380,000 were recorded to income taxes payable-long-term and noncurrent deferred income taxes, respectively, in the accompanying Consolidated Balance Sheets. As of August 4, 2019, we had a $914,000 total gross unrecognized income tax benefit that was recorded to income taxes payable-long-term in the accompanying Consolidated Balance Sheets. As of May 3, 2020, we had a $1.3 million total gross income tax benefit that was recorded to income taxes payable-long term in the accompanying Consolidated Balance Sheets. As of August 2, 2020, we had a $1.4 million total gross unrecognized income tax benefit, of which $1.1 million would favorably affect the income tax rate in future periods. As of August 4, 2019, the entire $914,000 total gross unrecognized income tax benefit would have favorably affected the income tax rate in future periods. As of May 3, 2020, the entire $1.3 million total gross unrecognized income would have favorably affected the income tax rate in future periods. Our gross unrecognized income tax benefit of $1.4 million relates to income tax positions for which significant change is currently not expected within the next year. This amount primarily relates to double taxation under applicable income tax treaties with foreign tax jurisdictions.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Aug. 02, 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. As of August 2, 2020, there were 683,818 shares available for future equity-based grants under our 2015 plan. 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 may 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 their 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. There were no performance-based restricted stock units granted to certain senior executives during the three-months ended August 2, 2020. 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 our outstanding performance-based restricted units granted to certain senior executives on July 18, 2019 and August 2, 2018: July 18, August 2, 2019 2018 Closing price of our common stock $ 18.49 $ 24.35 Expected volatility of our common stock 30.0 % 33.5 % Expected volatility of peer companies (1) (2) 29.9% - 82.3% 16.0 % Risk-free interest rate 1.73 % 2.74 % Dividend yield 2.10 % 1.35 % Correlation coefficient of peer companies (1) (2) 0.00 - 0.43 0.47 (1) The expected volatility and correlation coefficient of our peer companies for the July 18, 2019 grant date 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 the August 2, 2018 grant date 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-fiscal year performance period as defined in the related restricted stock unit agreements. Our performance-based restricted stock units granted to key employees were measured based on the fair market value (the closing price of our common stock) on the date of grant. No market-based total shareholder return component was included in these awards. Our performance-based restricted stock units granted to a non-employee, which vested during the first quarter of fiscal 2020, were There were no performance-based restricted stock units granted to our key employees or any non-employees during the three-months ended August 2, 2020. 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 are currently unvested as of August 2, 2020: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period July 18, 2019 (1) 93,653 — $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 — $ 18.49 (7) 3 years August 2, 2018 (1) 86,599 — $ 18.51 (6) 3 years August 2, 2018 (2) 47,800 — $ 24.35 (7) 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 to determine the probability if certain performance goals will be met as of the end of the vesting period, and in turn the number of shares that are expected to be awarded at the end vesting period. These amounts represent the number of shares that were expected to vest as of August 2, 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 the common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. (7) Price per share represents the closing price of our common stock on the date of grant. The following table summarizes information related to our performance-based restricted stock units that vested during the three-month periods ending August 2, 2020 and August 4, 2019: Performance-Based Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2021 (1) 3,277 $ 33 $ 9.96 (4) Fiscal 2021 (1) 3,710 $ 37 $ 9.96 (4) Fiscal 2020 (1) 11,351 $ 197 $ 17.36 (4) Fiscal 2020 (2) 4,961 $ 86 $ 17.36 (4) (1) Certain senior executives and key employees. (2) Non-employee (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance based restricted stock units vested. We recorded a (credit) or a charge to compensation expense of $(11,000) and compensation expense of $68,000 within selling, general, and administrative expenses for the three-month periods ending August 2, 2020, and August 4, 2019, respectively. Compensation cost is recorded based on an assessment each reporting period to determine the probability if certain performance goals will be met as of the end of the vesting period. If certain performance goals are not expected to be achieved, compensation cost would not be recorded, and any previously recognized compensation cost would be reversed. As of August 2, 2020, there were no performance-based restricted stock units expected to vest. Therefore, there was no unrecognized compensation cost related to our outstanding performance-based restricted stock units as of August 2, 2020. Time-Based Restricted Stock Units 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 that are unvested as of August 2, 2020: Time-Based Restricted Stock Date of Grant Units Awarded Price Per Share Vesting Period July 18, 2019 34,399 $ 18.49 (1) 3 years August 2, 2018 10,000 $ 24.35 (1) 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted. Overall We recorded compensation expense of $67,000 and $16,000 within selling, general, and administrative expenses associated with our time-based restricted stock unit awards for the three-month periods ending August 2, 2020, and August 4, 2019, respectively. As of August 2, 2020, the remaining unrecognized compensation cost related to our time-based restricted stock units was $556,000, which is expected to be recognized over a weighted average vesting period of 2.1 years. As of August 2, 2020, the time-based restricted stock units that are expected to vest had a fair value totaling $493,000. Common Stock Award We granted a total of 7,000 shares of common stock to our outside directors on July 1, 2020. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of this award was $10.00 per share on July 1, 2020, which represents the closing price of our common stock on the date of grant. We granted a total of 3,659 shares of common stock to our outside directors on July 1, 2019. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of this award was $19.21 per share on July 1, 2019, which represents the closing price of our common stock on the date of grant. We recorded $70,000 of compensation expense within selling, general, and administrative expenses for common stock awards to our outside directors for the three-months ending August 2, 2020, and August 4, 2019, respectively.

Leases

Leases	3 Months Ended
	Aug. 02, 2020
Assets And Liabilities Lessee [Abstract]
Leases	17. Leases Overview We lease manufacturing facilities, office space, distribution centers, and equipment under operating lease arrangements. We determine if an arrangement is a lease at its inception if it conveys the right to control the use of identified property, plant, or equipment for a period of time in exchange for consideration. Operating leases with an initial term of 12 months or less are not recognized in our Consolidated Balance Sheets. We recognize a right of use asset and lease liability on the commencement date of a lease arrangement based on the present value of lease payments over the lease term. Our operating leases have remaining lease terms of 1 to 6 years, with renewal options for additional periods ranging up to 10 years. A lease term may include renewal options if it is reasonably certain that the option to renew a lease period will be exercised. A renewal option is considered reasonably certain to be exercised if there is a significant economic incentive, as defined in ASC Topic 842, to exercise the renewal option on the date a lease arrangement is commenced. Currently, renewal options are not included in the lease terms for any of our leases, as there is not a significant economic incentive for us to exercise any of our renewal options. Most of our leases do not provide an implicit interest rate, and as a result, we use our incremental borrowing rate based on information available on the commencement date of a lease arrangement in determining the present value of lease our payments. Balance Sheet The right of use asset and lease liabilities associated with our operating leases as of August 2, 2020, August 4, 2019, and May 3, 2020, are as follows: (1) (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Right of use asset $ 6,443 $ 6,530 $ 3,903 Operating lease liability - current 2,387 2,456 1,805 Operating lease liability – noncurrent 4,214 3,955 2,016 (1) As of August 4, 2019, right of use assets totaled $6.5 million, of which $5.5 million and $1.0 million were classified as right of use asset and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. At August 4, 2019, operating lease liabilities totaled $6.4 million, of which $2.3 million, $186,000, $3.1 million, and $874,000 were classified as operating lease liability – current, within current liabilities – discontinued operation, operating lease liability – long-term, and within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. Supplemental Cash Flow Information Three Months Ended (dollars in thousands) August 2, 2020 Operating lease liability payments $ 445 Right of use assets exchanged for lease liabilities 3,154 During the three-month period ending August 2, 2020, we entered into agreements that extended the lease term for two buildings associated with our upholstery fabrics operations located in China through December 2024, resulting in $2.6 million of additional right of use assets and lease liabilities. Also, we entered into a new agreement to lease a warehouse associated with our mattress fabrics operations in Canada. This lease agreement has a three-year June 2023 Three Months Ended (dollars in thousands) August 4, 2019 Operating lease liability payments $ 657 Right of use assets exchanged for lease liabilities — Operating lease expense for the three-months ended August 2, 2020, and August 4, 2019, was $658,000 and $719,000, respectively. Short-term lease and variable lease expenses were immaterial for the three-months ended August 2, 2020, and August 4, 2019. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2021, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2021 $ 2,050 2022 1,765 2023 1,350 2024 1,079 2025 663 Thereafter — $ 6,907 Less: interest (306 ) Present value of lease liabilities $ 6,601 As of August 2, 2020, the weighted average remaining lease term and discount rate for our operating leases follows: August 2, 2020 Weighted average lease term 3.5 years Weighted average discount rate 2.78 % As of August 4, 2019, the weighted average remaining lease term and discount rate for our operating leases follows: August 4, 2019 Weighted average lease term 3.5 years Weighted average discount rate 3.82 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Aug. 02, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	18. Commitments and Contingencies Litigation The company is involved in legal proceedings and claims which have arisen in the ordinary course of business. Management has determined that it is not reasonably possible that these actions, when ultimately concluded and settled, will have a material adverse effect upon the financial position, results of operations, or cash flows of the company. Accounts Payable – Capital Expenditures As of August 2, 2020, August 4, 2019, and May 3, 2020, we had total amounts due regarding capital expenditures totaling $333,000, $50,000, and $107,000, respectively, which pertained to outstanding vendor invoices, none of which were financed. These total outstanding amounts were required to be paid based on normal credit terms. Purchase Commitments – Capital Expenditures As of August 2, 2020, we had open purchase commitments to acquire equipment for our mattress fabrics segment totaling $2.0 million.

Statutory Reserves

Statutory Reserves	3 Months Ended
	Aug. 02, 2020
Text Block [Abstract]
Statutory Reserves	19. Statutory Reserves Our subsidiaries located in China are required to transfer 10% of their net income, as determined in accordance with the People’s Republic of China (PRC) accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the company’s registered capital. The transfer to this reserve must be made before distributions of any dividend to shareholders. As of August 2, 2020, the company’s statutory surplus reserve was $4.2 million, representing 10% of accumulated earnings and profits determined in accordance with PRC accounting rules and regulations. The surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any. The surplus reserve fund may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholding or by increasing the par value of the shares currently held by them provided that the remaining reserve balance after such issue is not less than 25% of the registered capital. Our subsidiaries located in China can transfer funds to the parent company except for the statutory surplus reserve of $4.2 million to assist with debt repayment, capital expenditures, and other expenses of the company’s business.

Common Stock Repurchase Program

Common Stock Repurchase Program	3 Months Ended
	Aug. 02, 2020
Text Block [Abstract]
Common Stock Repurchase Program	20. Common Stock Repurchase Program In March 2020, 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. As part of our comprehensive response to the COVID-19 pandemic, we announced on April 3, 2020, that our board of directors temporarily suspended the share repurchase program given the ongoing economic disruption and uncertainty. Accordingly, we did not purchase any shares of our common stock during the three-month period ending August 2, 2020. Additionally, we did not purchase any shares of our common stock during the three-month period ending August 4, 2019. As of August 2, 2020, we had $5.0 million available for repurchases of our common stock.

Dividend Program

Dividend Program	3 Months Ended
	Aug. 02, 2020
Text Block [Abstract]
Dividend Program	21. Dividend Program On September 2, 2020, we announced that our board of directors approved a quarterly cash dividend of $0.105 per share. This payment will be made on or about October 15, 2020, to shareholders of record as of October 8, 2020. During the three-months ended August 2, 2020, dividend payments totaled $1.3 million, which represented a quarterly dividend payment of $0.105 per share. During the three-months ended August 4, 2019, dividend payments totaled $1.2 million, which represented a quarterly dividend payment of $0.10 per share. Our board of directors has sole authority to determine if and when we will declare future dividends and on what terms. Future dividend payments are subject to final determination by our board of directors and will depend on our earnings, capital requirements, financial condition, excess availability under our lines of credit, market conditions, and other factors we consider relevant.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 02, 2020
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Current Expected Credit Losses (CECL) In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses Measurement of Credit Losses on Financial Instruments Recently Issued Accounting Pronouncements The company has considered all recent accounting pronouncements and currently believes there are no recent accounting pronouncements that may have a material impact on our Consolidated Financial Statements.

Home Accessories Segment _ Di_2

Home Accessories Segment – Discontinued Operation (Tables)	3 Months Ended
	Aug. 02, 2020
Discontinued Operations And Disposal Groups [Abstract]
Summary of Disposal of Discontinued Operation on Consolidated Balance Sheet	The following is a summary of the assets and liabilities of the disposal group that are presented separately as a discontinued operation on the Consolidated Balance Sheet as of August 4, 2019. August 4, (dollars in thousands) 2019 ASSETS current assets: cash and cash equivalents $ — accounts receivable 429 inventories 3,067 other current assets 61 total current assets - discontinued operation 3,557 property, plant, and equipment 1,814 goodwill 13,653 intangible asset 6,549 right of use asset 1,042 total noncurrent assets - discontinued operation 23,058 total assets $ 26,615 LIABILITIES AND NET ASSETS current liabilities: accounts payable $ 783 operating lease liability - current 186 accrued expenses 462 total current liabilities - discontinued operation 1,431 loan payable - Culp Inc. 1,800 subordinated loan payable - noncontrolling interest 925 operating lease liability - long-term 874 total noncurrent liabilities - discontinued operation 3,599 total liabilities 5,030 total net assets of discontinued operation $ 21,585
Summary of Loss Before Income Tax from Discontinued Operation on Consolidated Statements of Net Income	The following is a summary of the major classes of financial statement line items constituting loss before income taxes from discontinued operation that are presented in the Consolidated Statements of Net Income for the three-months ending August 4, 2019: August 4, (dollars in thousands) 2019 net sales $ 4,302 cost of sales (3,349 ) gross profit 953 selling, general and administrative expenses (1,562 ) interest expense (1) (20 ) other income 8 loss before income taxes from discontinued operation (621 ) income tax benefit 11 net loss from discontinued operation $ (610 ) (1) Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the former noncontrolling interest holder) or required to be paid to Culp Inc. based on the terms of the sale agreement.
Summary of Net (Loss) Income from Continuing Operations, Net 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, net loss from discontinued operation, and net (loss) income attributable to Culp Inc. common shareholders and the noncontrolling interest associated with our discontinued operation for the three-months ending August 2, 2020, and August 4, 2019: August 2, August 4, (dollars in thousands) 2020 2019 net (loss) income from continuing operations $ (2,733 ) $ 1,784 net (loss) income from continuing operations attributable to noncontrolling interest — — net (loss) income from continuing operations attributable to Culp Inc. common shareholders $ (2,733 ) $ 1,784 net loss from discontinued operation $ - $ (610 ) net loss from discontinued operation attributable to noncontrolling interest — 164 net loss from discontinued operation attributable to Culp Inc. common shareholders $ - $ (446 ) net loss (income) $ (2,733 ) $ 1,174 net loss from noncontrolling interest associated with a discontinued operation — 164 net (loss) income attributable to Culp Inc. common shareholders $ (2,733 ) $ 1,338

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	3 Months Ended
	Aug. 02, 2020
Receivables [Abstract]
Summary of the Activity in the Allowance for Doubtful Accounts	A summary of the activity in the allowance for doubtful accounts follows: Three Months Ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 472 $ 393 Provision for bad debts 80 (30 ) Net write-offs, net of recoveries — — Ending balance $ 552 $ 363

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Aug. 02, 2020
Revenue From Contract With Customer [Abstract]
Summary of Activity Associated with Deferred Revenue	A summary of the activity associated with deferred revenue for the three-month periods ended August 2, 2020, and August 4, 2019, follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 502 $ 399 Revenue recognized on contract liabilities (593 ) (483 ) Payments received for services not yet rendered 776 768 Ending balance $ 685 $ 684
Summary of Disaggregation of Revenue	The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 2, 2020: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 36,103 $ 26,061 $ 62,164 Services transferred over time — 2,300 2,300 Total Net Sales $ 36,103 $ 28,361 $ 64,464 The following table presents our disaggregated revenue by segment, timing of revenue recognition, and product sales versus services rendered for the three-month period ending August 4 , 201 9 : Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 38,859 $ 29,827 $ 68,686 Services transferred over time — 2,033 2,033 Total Net Sales $ 38,859 $ 31,860 $ 70,719

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 02, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Raw materials $ 7,742 $ 6,467 $ 7,823 Work-in-process 2,292 2,677 1,958 Finished goods 30,368 41,516 38,126 $ 40,402 $ 50,660 (1) $ 47,907 (1) As of August 4, 2019, inventory totaled $50.7 million, of which $47.6 million and $3.1 million were classified as inventory and within current assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet .

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Aug. 02, 2020
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Tradenames $ 540 $ 7,232 $ 540 Customer relationships, net 2,162 2,463 2,238 Non-compete agreement, net 584 659 602 $ 3,286 $ 10,354 (1) $ 3,380 (1) As of August 4, 2019, intangible assets totaled $10.4 million, of which $3.8 million and $6.6 million were classified as intangible assets and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheets
Customer Relationships [Member]
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets	A summary of the change in the carrying amount of our customer relationships follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 2,238 $ 2,538 Amortization expense (76 ) (75 ) Ending balance $ 2,162 $ 2,463
Non-Compete Agreement [Member]
Summary of Change in Carrying Amount of Finite-Lived Intangible Assets	A summary of the change in the carrying amount of our non-compete agreement follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Beginning balance $ 602 $ 678 Amortization expense (18 ) (19 ) Ending balance $ 584 $ 659

Investment in Unconsolidated _2

Investment in Unconsolidated Joint Venture (Tables)	3 Months Ended
	Aug. 02, 2020
Equity Method Investments And Joint Ventures [Abstract]
Summary of Equity Method Investment	The following table summarizes information on assets, liabilities, and members’ equity of our equity method investment in CLIH: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Total assets $ 3,668 $ 3,161 $ 3,338 Total liabilities $ 149 $ 120 $ 133 Total members’ equity $ 3,519 $ 3,041 $ 3,205

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Aug. 02, 2020
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Compensation, commissions and related benefits $ 4,549 $ 3,493 $ 3,038 Interest — 13 9 Other accrued expenses 3,420 5,393 2,807 $ 7,969 $ 8,899 $ 5,854

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Aug. 02, 2020
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following table presents information about assets measured at fair value on a recurring basis: Fair value measurements as of August 2, 2020 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 7,533 N/A N/A $ 7,533 Short Term Bond Funds 983 N/A N/A 983 Growth Allocation Fund 246 N/A N/A 246 Moderate Allocation Fund 71 N/A N/A 71 Other 66 N/A N/A 66 Fair value measurements as of August 4, 2019 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs inputs (amounts in thousands) Level 1 Level 2 Level 3 Total Assets: Premier Money Market Fund $ 6,920 N/A N/A $ 6,920 Growth Allocation Fund 213 N/A N/A 213 Moderate Allocation Fund 130 N/A N/A 130 Other 84 N/A N/A 84 Fair value measurements as of May 3, 2020 using: Quoted prices Significant in active other Significant markets for observable unobservable identical assets inputs 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

Cash Flow Information (Tables)

Cash Flow Information (Tables)	3 Months Ended
	Aug. 02, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of Interest and Income Taxes Paid	Interest and income taxes paid are as follows: Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Interest $ 60 $ — Income taxes (1) (2) 9 1,822 (1) In accordance with the provisions of the 2017 Tax Cuts and Jobs Act, corporate taxpayers were eligible to treat prior AMT credit carryforwards as refundable. Accordingly, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable, and as a result, 50% of the $1.5 million refundable balance was expected to be received in each our fiscal years 2021 and 2022, respectively. Net income taxes paid for the three-month period ending August 2, 2020, included our first 50% installment of our refundable balance totaling $746,000. In accordance with the provisions of the CARES Act, 100% of AMT credit carryforwards for tax years beginning in the 2019 tax year were immediately refundable. Accordingly, we claimed credit for the remaining 50% installment of our refundable AMT credit carryforward in May 2020. We received our remaining 50% installment plus interest totaling $764,000 during the second quarter of fiscal 2021. (2) The net income tax payments totaling $9,000 during the first quarter of fiscal 2021 included income tax payments associated with our foreign jurisdictions totaling $755,000 that were mostly offset by the U.S. income tax refund of $746,000 received during the first quarter of fiscal 2021 as referenced in note (1) above. The income tax payments totaling $1.8 million during the first quarter of fiscal 2020, represented income tax payments associated with our foreign jurisdictions totaling $984,000 and a withholding tax payment of $838,000 paid to the Chinese government for earnings and profits repatriated to the U.S. parent company.

Net (Loss) Income from Contin_2

Net (Loss) Income from Continuing Operations Per Share (Tables)	3 Months Ended
	Aug. 02, 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: Three months ended (amounts in thousands) August 2, 2020 August 4, 2019 Weighted average common shares outstanding, basic 12,287 12,399 Dilutive effect of stock-based compensation — 11 Weighted average common shares outstanding, diluted 12,287 12,410

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 02, 2020
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Statements of operations for our current operating segments are as follows: Three months ended August 2, 2020 August 4, 2019 net sales by segment: mattress fabrics $ 36,103 $ 38,859 upholstery fabrics 28,361 31,860 net sales $ 64,464 $ 70,719 gross profit from continuing operations by segment: mattress fabrics $ 4,608 $ 5,691 upholstery fabrics 5,293 6,721 gross profit from continuing operations $ 9,901 $ 12,412 selling, general, and administrative expenses by segment: mattress fabrics $ 2,763 $ 3,071 upholstery fabrics 3,180 3,846 unallocated corporate expenses 2,075 2,232 selling, general, and administrative expenses $ 8,018 $ 9,149 income (loss) from continuing operations by segment: mattress fabrics $ 1,845 $ 2,620 upholstery fabrics 2,113 2,875 unallocated corporate expenses (2,075 ) (2,232 ) subtotal 1,883 3,263 restructuring credit — 35 total income from continuing operations $ 1,883 $ 3,298 interest expense (51 ) — interest income 58 260 other expense (366 ) (95 ) income before income taxes from continuing operations $ 1,524 $ 3,463 Balance sheet information for our current operating segments follows: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Segment assets: Mattress Fabrics Accounts receivable $ 15,585 $ 12,632 $ 12,212 Inventory 20,070 24,410 26,620 Property, plant and equipment (1) 39,597 43,211 40,682 Right of use assets (2) 832 235 362 Investment in unconsolidated joint venture 1,759 1,520 1,602 Total mattress fabrics assets 77,843 82,008 81,478 Upholstery Fabrics Accounts receivable 14,308 11,029 12,881 Inventory 20,332 23,183 21,287 Property, plant and equipment (3) 1,634 1,856 1,633 Right of use assets (4) 3,802 3,054 1,633 Total upholstery fabrics assets 40,076 39,122 37,434 Total segment assets 117,919 121,130 118,912 Non-segment assets: Cash and cash equivalents 39,986 44,236 69,790 Short-term investments - available for sale 983 — 923 Short-term investments - held-to-maturity 5,092 — 4,271 Current income taxes receivable 782 776 1,585 Current assets - discontinued operation — 3,557 — Other current assets 3,547 2,617 2,116 Deferred income taxes 593 486 793 Property, plant and equipment (5) 820 408 832 Right of use assets (6) 1,809 2,199 1,908 Goodwill — 13,569 — Intangible assets 3,286 3,805 3,380 Long-term investments - rabbi trust 7,916 7,347 7,834 Long-term investments - held-to-maturity 1,314 — 2,076 Noncurrent income taxes receivable — 733 — Other assets 540 526 664 Long-term note receivable affiliated with discontinued operation — 1,800 — Noncurrent assets - discontinued operation — 23,058 — Total assets $ 184,587 $ 226,247 $ 215,084 Three months ended (dollars in thousands) August 2, 2020 August 4, 2019 Capital expenditures (7): Mattress Fabrics $ 545 $ 669 Upholstery Fabrics 113 184 Unallocated Corporate 68 56 Total capital expenditures $ 726 $ 909 Depreciation expense: Mattress Fabrics $ 1,631 $ 1,620 Upholstery Fabrics 191 190 Discontinued Operation — 95 Total depreciation expense $ 1,822 $ 1,905 (1) The $39.6 million as of August 2, 2020, represents property, plant, and equipment of $27.0 million and $12.6 million located in the U.S. and Canada, respectively. The $43.2 million as of August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively. The $40.7 million as of May 3, 2020, represents property, plant, and equipment of $27.7 million and $13.0 million located in the U.S. and Canada, respectively. (2) The $832 as of August 2, 2020 represents right of use assets of $297 and $535 located in the U.S. and Canada, respectively. The $235 as of August 4, 2019, and the $362 as of May 3, 2020, represents right of use assets located in the U.S. (3) The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456 located in the U.S. and China, respectively. The $1.9 million as of August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively. The $1.6 million as of May 3, 2020, represents property, plant, and equipment of $1.2 million and $471 located in the U.S. and China, respectively. (4) The $ 3.8 million as of August 2, 2020, represents right of use assets of $3.1 million and $710 located in China and the U.S., respectively. The $3.1 million a s of August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively . The $1.6 million as of May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively . (5) The $820, $408, and $832 as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S. (6) The $1.8 million, $2.2 million, and $1.9 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represents right of use assets located in the U.S (7) Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Aug. 02, 2020
Income Tax Disclosure [Abstract]
Schedule of Allocation of Income Tax Expense	Total income tax expense for the three-month periods ending August 2, 2020, and August 4, 2019, were allocated as follows: August 2, August 4, (dollars in thousands) 2020 2019 income from continuing operations $ 4,324 $ 1,692 loss from discontinued operations — (11 ) $ 4,324 $ 1,681
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate	The following schedule summarizes the principal differences between income tax expense from continuing operations at the U.S. federal income tax rate and the effective income tax rate from continuing operations reflected in the consolidated financial statements for the three-month periods ending August 2, 2020 and August 4, 2019: August 2, August 4, 2020 2019 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance 474.4 — U.S. income tax law change (232.5 ) — Global Intangible Low Taxed Income Tax (GILTI) — 13.6 Foreign income tax rate differential 19.6 10.2 Other 1.2 4.1 283.7 % 48.9 %
Summary of Valuation Allowances Against Net Deferred Income Taxes	Based on our assessments as of August 2, 2020, August 4, 2019, and May 3, 2020, valuation allowances against our net deferred income taxes pertain to the following: (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 U.S. Federal and State net deferred income tax assets $ 7,830 711 867 U.S. capital loss carryforward 2,281 — 2,281 $ 10,111 711 3,148

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Aug. 02, 2020
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 our outstanding performance-based restricted units granted to certain senior executives on July 18, 2019 and August 2, 2018: July 18, August 2, 2019 2018 Closing price of our common stock $ 18.49 $ 24.35 Expected volatility of our common stock 30.0 % 33.5 % Expected volatility of peer companies (1) (2) 29.9% - 82.3% 16.0 % Risk-free interest rate 1.73 % 2.74 % Dividend yield 2.10 % 1.35 % Correlation coefficient of peer companies (1) (2) 0.00 - 0.43 0.47 (1) The expected volatility and correlation coefficient of our peer companies for the July 18, 2019 grant date 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 the August 2, 2018 grant date 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.
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 three-month periods ending August 2, 2020 and August 4, 2019: Performance-Based Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2021 (1) 3,277 $ 33 $ 9.96 (4) Fiscal 2021 (1) 3,710 $ 37 $ 9.96 (4) Fiscal 2020 (1) 11,351 $ 197 $ 17.36 (4) Fiscal 2020 (2) 4,961 $ 86 $ 17.36 (4) (1) Certain senior executives and key employees. (2) Non-employee (3) Dollar amounts are in thousands. (4) Price per share is derived from the closing price of our common stock on the date the respective performance based restricted stock units vested.
Executive officers and key employees [Member]
Summary of Grants of Performance-Based Restricted Stock Units	The following table summarizes information related to our grants of performance-based restricted stock units associated with certain senior executives and key employees that are currently unvested as of August 2, 2020: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period July 18, 2019 (1) 93,653 — $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 — $ 18.49 (7) 3 years August 2, 2018 (1) 86,599 — $ 18.51 (6) 3 years August 2, 2018 (2) 47,800 — $ 24.35 (7) 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 to determine the probability if certain performance goals will be met as of the end of the vesting period, and in turn the number of shares that are expected to be awarded at the end vesting period. These amounts represent the number of shares that were expected to vest as of August 2, 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 the common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018. (7) Price per share represents the closing price of our common stock on the date of grant.
Senior Executives and 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 that are unvested as of August 2, 2020: Time-Based Restricted Stock Date of Grant Units Awarded Price Per Share Vesting Period July 18, 2019 34,399 $ 18.49 (1) 3 years August 2, 2018 10,000 $ 24.35 (1) 5 years (1) Price per share represents closing price of common stock on the date the respective award was granted.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Aug. 02, 2020
Assets And Liabilities Lessee [Abstract]
Summary of right of use asset and lease liabilities	The right of use asset and lease liabilities associated with our operating leases as of August 2, 2020, August 4, 2019, and May 3, 2020, are as follows: (1) (dollars in thousands) August 2, 2020 August 4, 2019 May 3, 2020 Right of use asset $ 6,443 $ 6,530 $ 3,903 Operating lease liability - current 2,387 2,456 1,805 Operating lease liability – noncurrent 4,214 3,955 2,016 (1) As of August 4, 2019, right of use assets totaled $6.5 million, of which $5.5 million and $1.0 million were classified as right of use asset and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet. At August 4, 2019, operating lease liabilities totaled $6.4 million, of which $2.3 million, $186,000, $3.1 million, and $874,000 were classified as operating lease liability – current, within current liabilities – discontinued operation, operating lease liability – long-term, and within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended (dollars in thousands) August 2, 2020 Operating lease liability payments $ 445 Right of use assets exchanged for lease liabilities 3,154 Three Months Ended (dollars in thousands) August 4, 2019 Operating lease liability payments $ 657 Right of use assets exchanged for lease liabilities —
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2021, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2021 $ 2,050 2022 1,765 2023 1,350 2024 1,079 2025 663 Thereafter — $ 6,907 Less: interest (306 ) Present value of lease liabilities $ 6,601
Summary of weighted average remaining lease term and discount rate	As of August 2, 2020, the weighted average remaining lease term and discount rate for our operating leases follows: August 2, 2020 Weighted average lease term 3.5 years Weighted average discount rate 2.78 % As of August 4, 2019, the weighted average remaining lease term and discount rate for our operating leases follows: August 4, 2019 Weighted average lease term 3.5 years Weighted average discount rate 3.82 %

Home Accessories Segment - Disc

Home Accessories Segment - Discontinued Operation - Narrative (Detail) - USD ($)	Mar. 31, 2020	Aug. 02, 2020	Aug. 04, 2019
Discontinued Operations [Line Items]
Payment received from royalty agreement		$ 17,000
Leases, monthly payments		$ 445,000	$ 657,000
eLuxury [Member]
Discontinued Operations [Line Items]
Net sales and cost of sales from continuing operations related to inventory shipments			174,000
Unpaid lease payments guarantees percentage		70.00%
Lease agreement expiry date		2024-09
Leases, monthly payments		$ 18,865
eLuxury [Member]
Discontinued Operations [Line Items]
Amount of consideration received in sale of ownership at closing	$ 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 due from disposal group	$ 613,000
Trade accounts payable, repayment period	60 days
Net sales related to inventory shipments in supply agreement		$ 244,000
eLuxury [Member] | Discontinued Operations [Member]
Discontinued Operations [Line Items]
Net cash (used in) provided by operating activities discontinued operations			(1,400,000)
Net cash (used in) or provided by investing activities discontinued operation			0
Net cash (used in) provided by financing activities discontinued operations			$ 1,400,000

Home Accessories Segment - Di_2

Home Accessories Segment - Discontinued Operation - Summary of Disposal of Discontinued Operation on Consolidated Balance Sheet (Detail) $ in Thousands	Aug. 04, 2019USD ($)
current assets:
total current assets - discontinued operation	$ 3,557
total noncurrent assets - discontinued operation	23,058
current liabilities:
total current liabilities - discontinued operation	1,431
total noncurrent liabilities - discontinued operation	3,599
eLuxury [Member]
current assets:
accounts receivable	429
inventories	3,067
other current assets	61
total current assets - discontinued operation	3,557
property, plant, and equipment	1,814
goodwill	13,653
intangible asset	6,549
right of use asset	1,042
total noncurrent assets - discontinued operation	23,058
total assets	26,615
current liabilities:
accounts payable	783
operating lease liability - current	186
accrued expenses	462
total current liabilities - discontinued operation	1,431
loan payable - Culp Inc.	1,800
subordinated loan payable - noncontrolling interest	925
operating lease liability - long-term	874
total noncurrent liabilities - discontinued operation	3,599
total liabilities	5,030
total net assets of discontinued operation	$ 21,585

Home Accessories Segment - Di_3

Home Accessories Segment - Discontinued Operation - Summary of Loss Before Income Tax from Discontinued Operation on Consolidated Statements of Net Income (Detail) $ in Thousands	3 Months Ended
	Aug. 04, 2019USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
loss before income taxes from discontinued operation	$ (621)
income tax benefit	11
Net loss from discontinued operation	(610)
Discontinued Operations [Member] | eLuxury [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
net sales	4,302
cost of sales	(3,349)
gross profit	953
selling, general and administrative expenses	(1,562)
interest expense	(20)	[1]
other income	8
loss before income taxes from discontinued operation	(621)
income tax benefit	11
Net loss from discontinued operation	$ (610)
[1]	Interest expense is directly attributable to our discontinued operations as it pertains to loans payable assumed by the buyer, (the former noncontrolling interest holder) or required to be paid to Culp Inc. based on the terms of the sale agreement.

Home Accessories Segment - Di_4

Home Accessories Segment - Discontinued Operation - Summary of Net (Loss) Income from Continuing Operations, Net Loss from Discontinued Operation, and Net (Loss) Income Attributable to Common Shareholders and Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
net (loss) income from continuing operations	$ (2,733)	$ 1,784
net loss from discontinued operation		(610)
Net (loss) income	(2,733)	1,174
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	(2,733)	1,784
net (loss) income from continuing operations attributable to Culp Inc. common shareholders	(2,733)	1,784
net loss from discontinued operation		(610)
net loss from discontinued operation attributable to noncontrolling interest		164
net loss from discontinued operation attributable to Culp Inc. common shareholders		(446)
Net (loss) income	(2,733)	1,174
net loss from noncontrolling interest associated with a discontinued operation		164
net (loss) income attributable to Culp Inc. common shareholders	$ (2,733)	$ 1,338

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts - Summary of the Activity in the Allowance for Doubtful Accounts (Detail) - Allowance for doubtful accounts [Member] - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 472	$ 393
Provision for bad debts	80	(30)
Ending balance	$ 552	$ 363

Allowance for Doubtful Accoun_4

Allowance for Doubtful Accounts - Narrative (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019	Apr. 28, 2019
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 552	$ 472	$ 363	$ 393

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	3 Months Ended
	Aug. 02, 2020USD ($)Segment	Aug. 04, 2019USD ($)	May 03, 2020USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment	2
Net sales	$ 64,464,000	$ 70,719,000
Contract assets recognized	$ 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		$ 4,300,000

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of the activity associated with deferred revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020		Aug. 04, 2019
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 502	[1]	$ 399
Revenue recognized on contract liabilities	(593)		(483)
Payments received for services not yet rendered	776		768
Ending balance	$ 685		$ 684
[1]	Derived from audited financial statements.

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 64,464	$ 70,719
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	62,164	68,686
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	2,300	2,033
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	36,103	38,859
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	36,103	38,859
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	28,361	31,860
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	26,061	29,827
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 2,300	$ 2,033

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 7,742	$ 7,823	$ 6,467
Work-in-process	2,292	1,958	2,677
Finished goods	30,368	38,126	41,516
Inventories	$ 40,402	$ 47,907	$ 50,660	[1]
[1]	As of August 4, 2019, inventory totaled $50.7 million, of which $47.6 million and $3.1 million were classified as inventory and within current assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet .

Inventories - Summary of Inve_2

Inventories - Summary of Inventories (Parenthetical) (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Inventory [Line Items]
Inventories	$ 40,402	$ 47,907		$ 50,660	[1]
Inventories	$ 40,402	$ 47,907	[2]	47,593
Inventories [Member]
Inventory [Line Items]
Inventories				47,600
Current Assets - Discontinued Operation [Member]
Inventory [Line Items]
Inventories				$ 3,100
[1]	As of August 4, 2019, inventory totaled $50.7 million, of which $47.6 million and $3.1 million were classified as inventory and within current assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet .
[2]	Derived from audited financial statements.

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($)	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019	Apr. 28, 2019
Intangible Assets [Line Items]
Tradenames	$ 540,000	$ 540,000	$ 7,232,000
Intangible assets	3,286,000	3,380,000	10,354,000
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	2,162,000	2,238,000	2,463,000	$ 2,538,000
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 584,000	$ 602,000	$ 659,000	$ 678,000

Intangible Assets - Summary o_2

Intangible Assets - Summary of Intangible Assets (Parenthetical) (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Intangible Assets [Line Items]
Intangible assets	$ 3,286	$ 3,380	$ 10,354
Continuing Operation [Member]
Intangible Assets [Line Items]
Intangible assets			3,800
Discontinued Operation [Member]
Intangible Assets [Line Items]
Intangible assets			$ 6,600

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Intangible Assets [Line Items]
Tradenames	$ 540,000	$ 540,000	$ 7,232,000
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]
Accumulated amortization	953,000	877,000	652,000
Remaining amortization expense for the fiscal year	226,000
Remaining amortization expense for the first fiscal year	301,000
Remaining amortization expense for the second fiscal year	301,000
Remaining amortization expense for the third fiscal year	301,000
Remaining amortization expense for the fourth fiscal year	301,000
Remaining amortization expense for the fiscal year thereafter	$ 732,000
Weighted average remaining amortization period	7 years 4 months 24 days
Customer Relationships [Member] | Minimum [Member]
Intangible Assets [Line Items]
Useful life	9 years
Customer Relationships [Member] | Maximum [Member]
Intangible Assets [Line Items]
Useful life	17 years
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Useful life	15 years
Accumulated amortization	$ 1,500,000	1,400,000	$ 1,400,000
Remaining amortization expense for the fiscal year	56,000
Remaining amortization expense for the first fiscal year	76,000
Remaining amortization expense for the second fiscal year	76,000
Remaining amortization expense for the third fiscal year	76,000
Remaining amortization expense for the fourth fiscal year	76,000
Remaining amortization expense for the fiscal year thereafter	$ 224,000
Weighted average remaining amortization period	7 years 9 months 18 days
Read Window Products, LLC [Member]
Intangible Assets [Line Items]
Impairment charge		$ 143,000

Intangible Assets - Summary o_3

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 2,238	$ 2,538
Amortization expense	(76)	(75)
Ending balance	2,162	2,463
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	602	678
Amortization expense	(18)	(19)
Ending balance	$ 584	$ 659

Investment in Unconsolidated _3

Investment in Unconsolidated Joint Venture - Narrative (Detail)	1 Months Ended		3 Months Ended
	May 31, 2020USD ($)	Feb. 29, 2020USD ($)	Aug. 02, 2020USD ($)ft²	Aug. 04, 2019USD ($)	May 03, 2020USD ($)		Dec. 20, 2019USD ($)ft²
Schedule of Equity Method Investments [Line Items]
Net income (loss)			$ (2,733,000)	$ 1,174,000
Income (loss) from investment in unconsolidated joint venture			67,000	13,000
Investment in unconsolidated joint venture			$ 1,759,000	1,520,000	$ 1,602,000	[1]
CLIH [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage			50.00%
Area of facility | ft²			80,000
Area of additional plant facility | ft²							40,000
Contractual obligation							$ 1,200,000
Payments to acquire additional plant facility	$ 180,000	$ 600,000
Payments to acquire additional plant facility, remaining			$ 420,000
Income (loss) from investment in unconsolidated joint venture			67,000	13,000
Investment in unconsolidated joint venture			1,800,000	1,500,000	$ 1,600,000
CLIH [Member] | Equity Method Investment Nonconsolidated Investee Or Group of Investees [Member]
Schedule of Equity Method Investments [Line Items]
Net income (loss)			$ 134,000	$ 26,000
[1]	Derived from audited financial statements.

Investment in Unconsolidated _4

Investment in Unconsolidated Joint Venture - Summary of Equity Method Investment (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020		Aug. 04, 2019	Apr. 28, 2019	[1]
Schedule of Equity Method Investments [Line Items]
Total assets	$ 184,587	$ 215,084	[1]	$ 226,247
Total liabilities	58,718	85,386	[1]	61,911
Total members’ equity	125,869	129,698	[1]	164,336	$ 164,247
CLIH [Member] | Equity Method Investment Nonconsolidated Investee Or Group of Investees [Member]
Schedule of Equity Method Investments [Line Items]
Total assets	3,668	3,338		3,161
Total liabilities	149	133		120
Total members’ equity	$ 3,519	$ 3,205		$ 3,041
[1]	Derived from audited financial statements.

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Payables And Accruals [Abstract]
Compensation, commissions and related benefits	$ 4,549	$ 3,038	$ 3,493
Interest		9	13
Other accrued expenses	3,420	2,807	5,393
Accrued expenses	$ 7,969	$ 5,854	$ 8,899

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Detail) - USD ($)	Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Payables and Accruals [Line Items]
Accrued expenses	$ 7,969,000	$ 5,854,000		$ 8,899,000
Current accrued expenses	7,852,000	5,687,000	[1]	8,104,000
Long-term accrued expenses	$ 117,000	$ 167,000	[1]	333,000
Current Liabilities - Discontinued Operation [Member]
Payables and Accruals [Line Items]
Accrued expenses				$ 462,000
[1]	Derived from audited financial statements.

Lines of Credit and Paycheck _2

Lines of Credit and Paycheck Protection Program Loan - Narrative (Detail)		Jun. 30, 2020	Jun. 30, 2020USD ($)	Aug. 02, 2020USD ($)	May 02, 2021USD ($)	Aug. 02, 2020CNY (¥)	May 03, 2020USD ($)	Apr. 15, 2020USD ($)	Aug. 04, 2019USD ($)
Line Of Credit Facility [Line Items]
Outstanding amount	[1]						$ 29,750,000
Repayments of debt				$ 30,772,000
Paycheck Protection Program (PPP) loan amount	[1]						$ 7,606,000
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				$ 30,000,000
Expiration date				Aug. 15, 2022
Maximum amount of letters of credit				$ 1,000,000
Applicable interest rate at end of period				1.75%		1.75%	1.75%		3.68%
Interest rate description				Interest is 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
Percentage of common stock in subsidiary pledge as collateral				65.00%
Outstanding amount				$ 0			$ 29,800,000		$ 0
Repayments of debt			$ 29,800,000
Letters of credit, outstanding amount				250,000			$ 250,000		250,000
Revolving Credit Facility [Member] | United States [Member] | Seventh Amendment to Credit Agreement [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] | Maximum [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] | 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] | Price Level I [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]
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]
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]
Line Of Credit Facility [Line Items]
Percentage of pricing matrix increased		3.00%
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%
Interest rate description				This agreement has an interest rate determined by the Chinese government at the time of borrowing and is set to expire on December 4, 2020. As of May 3, 2020, there were outstanding borrowings under the agreement totaling $1.0 million, at an applicable interest rate of 2.41%.
Outstanding amount				$ 0			$ 1,000,000		$ 0
Repayments of debt			$ 1,000,000
[1]	Derived from audited financial statements.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Premier Money Market Fund [Member]
Assets:
Investments at fair value	$ 7,533	$ 7,496	$ 6,920
Short Term Bond Funds [Member]
Assets:
Investments at fair value	983	923
Growth Allocation Fund [Member]
Assets:
Investments at fair value	246	219	213
Moderate Allocation Fund [Member]
Assets:
Investments at fair value	71	63	130
Other [Member]
Assets:
Investments at fair value	66	56	84
Quoted prices in active markets for identical assets - Level 1 [Member] | Premier Money Market Fund [Member]
Assets:
Investments at fair value	7,533	7,496	6,920
Quoted prices in active markets for identical assets - Level 1 [Member] | Short Term Bond Funds [Member]
Assets:
Investments at fair value	983	923
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Fund [Member]
Assets:
Investments at fair value	246	219	213
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Fund [Member]
Assets:
Investments at fair value	71	63	130
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 66	$ 56	$ 84

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Short-term Investments	$ 983,000	$ 923,000		$ 0
Amortized cost of held-to-maturity investments	6,400,000	6,300,000
Fair value of held-to-maturity investments	6,500,000	6,400,000		0
Long-term investments (Rabbi Trust)	7,916,000	7,834,000	[1]	7,347,000
Tradenames	$ 540,000	540,000		7,232,000
Read Window Products, LLC [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impairment charge		143,000
Continuing Operation [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Asset impairments - continuing operations		13,600,000
Continuing Operation [Member] | Read Window Products, LLC [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impairment charge		143,000
Tradenames		540,000
Discontinued Operations [Member] | eLuxury [Member] | Home Accessories [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impairment charge		6,600,000
Discontinued Operations [Member] | eLuxury [Member] | Home Accessories [Member] | Trade Names [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impairment charge		4,200,000
Discontinued Operations [Member] | eLuxury [Member] | Home Accessories [Member] | Goodwill [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Impairment charge		2,400,000
Minimum [Member] | Investments (Held-To-Maturity) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment maturity period	2 years
Maximum [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment remaining maturity period	2 years
Maximum [Member] | Investments (Held-To-Maturity) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment maturity period	10 years
Short-term Investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on investments	$ 6,000	9,000
Current Expected Credit Loses [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on investments	6,000
Long-term Investments (Rabbi Trust) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain (loss) on investments	$ 53,000	$ (19,000)		$ 46,000
[1]	Derived from audited financial statements.

Cash Flow Information - Interes

Cash Flow Information - Interest and Income Taxes Paid (Detail) - USD ($)		3 Months Ended
		Aug. 02, 2020	Aug. 04, 2019
Supplemental Cash Flow Elements [Abstract]
Interest		$ 60,000
Income taxes	[1],[2]	$ 9,000	$ 1,822,000
[1]	In accordance with the provisions of the 2017 Tax Cuts and Jobs Act, corporate taxpayers were eligible to treat prior AMT credit carryforwards as refundable. Accordingly, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable, and as a result, 50% of the $1.5 million refundable balance was expected to be received in each our fiscal years 2021 and 2022, respectively. Net income taxes paid for the three-month period ending August 2, 2020, included our first 50% installment of our refundable balance totaling $746,000.
[2]	The net income tax payments totaling $9,000 during the first quarter of fiscal 2021 included income tax payments associated with our foreign jurisdictions totaling $755,000 that were mostly offset by the U.S. income tax refund of $746,000 received during the first quarter of fiscal 2021 as referenced in note (1) above. The income tax payments totaling $1.8 million during the first quarter of fiscal 2020, represented income tax payments associated with our foreign jurisdictions totaling $984,000 and a withholding tax payment of $838,000 paid to the Chinese government for earnings and profits repatriated to the U.S. parent company.

Cash Flow Information - Inter_2

Cash Flow Information - Interest and Income Taxes Paid (Parenthetical) (Detail) - USD ($)		3 Months Ended
		Nov. 01, 2020	Aug. 02, 2020	Aug. 04, 2019
Supplemental Cash Flow Elements [Line Items]
AMT credit carryforward balance			$ 1,500,000
Percentage of expected alternative minimum tax amount refundable in fiscal year 2021			50.00%
Percentage of expected alternative minimum tax amount refundable in fiscal year 2022			50.00%
AMT credit carryforward refundable balance amount received			$ 746,000
Percentage of AMT credits refundable under CARES Act			100.00%
Income tax payment,net	[1],[2]		$ 9,000	$ 1,822,000
Income tax payment with foreign jurisdictions			755,000	984,000
Income tax refund			$ 746,000
Withhold tax payment				$ 838,000
Scenario Forecast [Member]
Supplemental Cash Flow Elements [Line Items]
AMT credit carryforward remaining refundable balance amount received		$ 764,000
[1]	In accordance with the provisions of the 2017 Tax Cuts and Jobs Act, corporate taxpayers were eligible to treat prior AMT credit carryforwards as refundable. Accordingly, we elected to treat our prior AMT credit carryforward balance of $1.5 million as refundable, and as a result, 50% of the $1.5 million refundable balance was expected to be received in each our fiscal years 2021 and 2022, respectively. Net income taxes paid for the three-month period ending August 2, 2020, included our first 50% installment of our refundable balance totaling $746,000.
[2]	The net income tax payments totaling $9,000 during the first quarter of fiscal 2021 included income tax payments associated with our foreign jurisdictions totaling $755,000 that were mostly offset by the U.S. income tax refund of $746,000 received during the first quarter of fiscal 2021 as referenced in note (1) above. The income tax payments totaling $1.8 million during the first quarter of fiscal 2020, represented income tax payments associated with our foreign jurisdictions totaling $984,000 and a withholding tax payment of $838,000 paid to the Chinese government for earnings and profits repatriated to the U.S. parent company.

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
	Aug. 02, 2020	Aug. 04, 2019
Earnings Per Share [Abstract]
Weighted average common shares outstanding, basic	12,287	12,399
Dilutive effect of stock-based compensation		11
Weighted average common shares outstanding, diluted	12,287	12,410

Net (Loss) Income from Contin_4

Net (Loss) Income from Continuing Operations Per Share - Narrative (Detail) - Common Stock Awards [Member] - shares	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Antidilutive securities due to decrease in stock price excluded from computation of earnings from continuing operations per share	27,153	612
Shares excluded from computation of diluted net loss from continuing operations per share	6,675

Segment Information - Narrative

Segment Information - Narrative (Detail)	3 Months Ended
	Aug. 02, 2020Segment
Segment Reporting [Abstract]
Number of operating segments	2
Description of changes in reporting goodwill and intangible assets in segment assets	Goodwill and intangible assets are not included in segment assets, as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, allocate resources to the individual segments, or determine executive compensation.

Segment Information - Statement

Segment Information - Statement of Operations for Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Segment Reporting Information [Line Items]
net sales	$ 64,464	$ 70,719
gross profit from continuing operations	9,901	12,412
selling, general, and administrative expenses	8,018	9,149
total income from continuing operations	1,883	3,298
restructuring credit		35
interest expense	(51)
interest income	58	260
other expense	(366)	(95)
income before income taxes from continuing operations	1,524	3,463
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	36,103	38,859
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	28,361	31,860
Operating Segments [Member]
Segment Reporting Information [Line Items]
net sales	64,464	70,719
gross profit from continuing operations	9,901	12,412
selling, general, and administrative expenses	8,018	9,149
total income from continuing operations	1,883	3,263
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	36,103	38,859
gross profit from continuing operations	4,608	5,691
selling, general, and administrative expenses	2,763	3,071
total income from continuing operations	1,845	2,620
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	28,361	31,860
gross profit from continuing operations	5,293	6,721
selling, general, and administrative expenses	3,180	3,846
total income from continuing operations	2,113	2,875
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
selling, general, and administrative expenses	2,075	2,232
total income from continuing operations	$ (2,075)	$ (2,232)

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($) $ in Thousands		3 Months Ended
		Aug. 02, 2020	Aug. 04, 2019	May 03, 2020
Segment Reporting Information [Line Items]
Inventory		$ 40,402	$ 47,593	$ 47,907	[1]
Cash and cash equivalents		39,986	44,236	69,790	[1]
Short-term investments - available for sale		983		923	[1]
Short-term investments - held-to-maturity		5,092		4,271	[1]
Current income taxes receivable		782	776	1,585	[1]
Current assets - discontinued operation			3,557
Other current assets		3,547	2,617	2,116	[1]
Deferred income taxes		593	486	793	[1]
Property, plant and equipment		42,051	45,475	43,147	[1]
Right of use assets		6,443	5,488	3,903	[1]
Goodwill			13,569
Intangible assets		3,286	3,805	3,380	[1]
Long-term investments - rabbi trust		7,916	7,347	7,834	[1]
Long-term investments - held-to-maturity		1,314		2,076	[1]
Noncurrent income taxes receivable			733
Other assets		540	526	664	[1]
Noncurrent assets - discontinued operation			23,058
Investment in unconsolidated joint venture		1,759	1,520	1,602	[1]
Total assets		184,587	226,247	215,084	[1]
Capital expenditures	[2]	726	909
Depreciation expense		1,822	1,905
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		117,919	121,130	118,912
Depreciation expense		1,822	1,905
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		15,585	12,632	12,212
Inventory		20,070	24,410	26,620
Property, plant and equipment	[3]	39,597	43,211	40,682
Right of use assets	[4]	832	235	362
Investment in unconsolidated joint venture		1,759	1,520	1,602
Total assets		77,843	82,008	81,478
Capital expenditures	[2]	545	669
Depreciation expense		1,631	1,620
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		14,308	11,029	12,881
Inventory		20,332	23,183	21,287
Property, plant and equipment	[5]	1,634	1,856	1,633
Right of use assets	[6]	3,802	3,054	1,633
Total assets		40,076	39,122	37,434
Capital expenditures	[2]	113	184
Depreciation expense		191	190
Operating Segments [Member] | Discontinued Operation [Member]
Segment Reporting Information [Line Items]
Depreciation expense			95
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents		39,986	44,236	69,790
Short-term investments - available for sale		983		923
Short-term investments - held-to-maturity		5,092		4,271
Current income taxes receivable		782	776	1,585
Current assets - discontinued operation			3,557
Other current assets		3,547	2,617	2,116
Deferred income taxes		593	486	793
Property, plant and equipment	[7]	820	408	832
Right of use assets	[8]	1,809	2,199	1,908
Goodwill			13,569
Intangible assets		3,286	3,805	3,380
Long-term investments - rabbi trust		7,916	7,347	7,834
Long-term investments - held-to-maturity		1,314		2,076
Noncurrent income taxes receivable			733
Other assets		540	526	664
Long-term note receivable affiliated with discontinued operation			1,800
Noncurrent assets - discontinued operation			23,058
Total assets		184,587	226,247	$ 215,084
Capital expenditures	[2]	$ 68	$ 56
[1]	Derived from audited financial statements.
[2]	Capital expenditure amounts are stated on the accrual basis. See Consolidated Statements of Cash Flows for capital expenditure amounts on a cash basis.
[3]	The $39.6 million as of August 2, 2020, represents property, plant, and equipment of $27.0 million and $12.6 million located in the U.S. and Canada, respectively. The $43.2 million as of August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively.   The $40.7 million as of May 3, 2020, represents property, plant, and equipment of $27.7 million and $13.0 million located in the U.S. and Canada, respectively.
[4]	The $832 as of August 2, 2020 represents right of use assets of $297 and $535 located in the U.S. and Canada, respectively.  The $235 as of August 4, 2019, and the $362 as of May 3, 2020, represents right of use assets located in the U.S.
[5]	The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456 located in the U.S. and China, respectively. The $1.9 million as of August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively.   The $1.6 million as of May 3, 2020, represents property, plant, and equipment of $1.2 million and $471 located in the U.S. and China, respectively.
[6]	The $ 3.8 million as of August 2, 2020, represents right of use assets of $3.1 million and $710 located in China and the U.S., respectively. The $3.1 million a s of August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively . The $1.6 million as of May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively .
[7]	The $820, $408, and $832 as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S.
[8]	The $1.8 million, $2.2 million, and $1.9 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represents right of use assets located in the U.S

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($) $ in Thousands		Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Segment Reporting Information [Line Items]
property, plant, and equipment		$ 42,051	$ 43,147	[1]	$ 45,475
Right of use assets		6,443	3,903	[1]	5,488
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[2]	39,597	40,682		43,211
Right of use assets	[3]	832	362		235
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[4]	1,634	1,633		1,856
Right of use assets	[5]	3,802	1,633		3,054
Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		27,000	27,700		31,200
Right of use assets		297	362		235
Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		1,200	1,200		1,300
Right of use assets		710	857		1,300
Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		12,600	13,000		12,000
Right of use assets		535
Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		456	471		548
Right of use assets		3,100	776		1,800
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[6]	820	832		408
Right of use assets	[7]	1,809	1,908		2,199
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		820	832		408
Right of use assets		$ 1,800	$ 1,900		$ 2,200
[1]	Derived from audited financial statements.
[2]	The $39.6 million as of August 2, 2020, represents property, plant, and equipment of $27.0 million and $12.6 million located in the U.S. and Canada, respectively. The $43.2 million as of August 4, 2019, represents property, plant, and equipment of $31.2 million and $12.0 million located in the U.S. and Canada, respectively.   The $40.7 million as of May 3, 2020, represents property, plant, and equipment of $27.7 million and $13.0 million located in the U.S. and Canada, respectively.
[3]	The $832 as of August 2, 2020 represents right of use assets of $297 and $535 located in the U.S. and Canada, respectively.  The $235 as of August 4, 2019, and the $362 as of May 3, 2020, represents right of use assets located in the U.S.
[4]	The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456 located in the U.S. and China, respectively. The $1.9 million as of August 4, 2019, represents property, plant, and equipment of $1.3 million and $548 located in the U.S. and China, respectively.   The $1.6 million as of May 3, 2020, represents property, plant, and equipment of $1.2 million and $471 located in the U.S. and China, respectively.
[5]	The $ 3.8 million as of August 2, 2020, represents right of use assets of $3.1 million and $710 located in China and the U.S., respectively. The $3.1 million a s of August 4, 2019, represents right of use assets of $1.8 million and $1.3 million located in China and the U.S., respectively . The $1.6 million as of May 3, 2020, represents right of use assets of $857 and $776 located in the U.S. and China, respectively .
[6]	The $820, $408, and $832 as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represent property, plant, and equipment associated with unallocated corporate departments and corporate departments shared by our mattress fabrics and upholstery fabrics segments. Property, plant, and equipment associated with our corporate departments reside in the U.S.
[7]	The $1.8 million, $2.2 million, and $1.9 million as of August 2, 2020, August 4, 2019, and May 3, 2020, respectively, represents right of use assets located in the U.S

Income Taxes - Allocation of In

Income Taxes - Allocation of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Income Tax Disclosure [Abstract]
income from continuing operations	$ 4,324	$ 1,692
loss from discontinued operations		(11)
Total income tax expense	$ 4,324	$ 1,681

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Income Tax Disclosure [Abstract]
Income taxes	$ 4,324	$ 1,692
Effective income tax rate	283.70%	48.90%

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
	Aug. 02, 2020	Aug. 04, 2019
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21.00%	21.00%
U.S. valuation allowance	474.40%
U.S. income tax law change	(232.50%)
Global Intangible Low Taxed Income Tax (GILTI)		13.60%
Foreign income tax rate differential	19.60%	10.20%
Other	1.20%	4.10%
Effective income tax rate	283.70%	48.90%

Income Taxes - U.S. Tax Law Cha

Income Taxes - U.S. Tax Law Change - Narrative (Detail) - GILTI [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Aug. 02, 2020	May 03, 2020	Apr. 28, 2019
Income Taxes [Line Items]
Income tax charge of during period		$ 1.9	$ 2.1
Non-cash income tax benefit/charges	$ 3.5

Income Taxes - Valuation Allowa

Income Taxes - Valuation Allowance - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Income Taxes [Line Items]
Income tax charge	$ 4,324,000	$ 1,692,000
Valuation Allowance, Tax Credit Carryforward [Member]
Income Taxes [Line Items]
Income tax charge	271,000
GILTI [Member]
Income Taxes [Line Items]
Non-cash income tax benefit/charges	(3,500,000)
COVID-19 [Member] | GILTI [Member]
Income Taxes [Line Items]
Non-cash income tax benefit/charges	$ 7,000,000

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Net Deferred Income Taxes (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Valuation Allowance [Line Items]
Valuation allowance	$ 10,111	$ 3,148	$ 711
Capital Loss Carry Forwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,281	2,281
Federal and State [Member] | Deferred Income Tax Assets [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 7,830	$ 867	$ 711

Income Taxes - Undistributed Ea

Income Taxes - Undistributed Earnings - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 02, 2020	Aug. 04, 2019	May 03, 2020
Income Tax Disclosure [Abstract]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100.00%	100.00%	100.00%
Dividends received deduction, foreign corporation ownership percentage	10.00%	10.00%	10.00%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 3.6	$ 2.9	$ 3.4

Income Taxes - Uncertain Income

Income Taxes - Uncertain Income Tax Positions - Narrative (Detail) - USD ($)	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,400,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	1,100,000	$ 1,300,000	$ 914,000
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	$ 1,100,000	$ 1,300,000	$ 914,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)		Jul. 01, 2020	Jul. 18, 2019		Jul. 01, 2019	Aug. 02, 2018		Aug. 02, 2020	Aug. 04, 2019	Sep. 16, 2015
Performance-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of units expected to vest								$ 0
Remaining unrecognized compensation cost								0
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								$ (11,000)	$ 68,000
Performance-Based Restricted Stock Units [Member] | Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares/units granted			93,653	[1],[2]		86,599	[1],[2]	0
Price Per Share	[2]		$ 19.04	[3]		$ 18.51	[4]
Performance-Based Restricted Stock Units [Member] | Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares/units granted			29,227	[1],[5]		47,800	[1],[5]	0
Price Per Share	[5],[6]		$ 18.49			$ 24.35
Performance-Based Restricted Stock Units [Member] | Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares/units granted								0
Time-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of units expected to vest								$ 493,000
Remaining unrecognized compensation cost								$ 556,000
Weighted average period over which unrecognized compensation cost is expected to be recognized								2 years 1 month 6 days
Time-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								$ 67,000	16,000
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								$ 70,000	$ 70,000
Common Stock Awards [Member] | Outside Directors [Member] | Immediate Vesting [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares/units granted		7,000			3,659
Price Per Share		$ 10			$ 19.21
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								683,818
[1]	Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.
[2]	Performance-based restricted stock units awarded to certain senior executives.
[3]	Price per share represents the 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.
[4]	Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018.
[5]	Performance-based restricted stock units awarded to key employees.
[6]	Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Summ

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
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing price of our common stock		$ 18.49	$ 24.35
Expected volatility of our common stock		30.00%	33.50%
Expected volatility of peer companies	[1],[2]		16.00%
Risk-free interest rate		1.73%	2.74%
Dividend yield		2.10%	1.35%
Correlation coefficient of peer companies	[1],[2]		0.47%
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 the August 2, 2018 grant date 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 the July 18, 2019 grant date 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_2

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		Aug. 02, 2020
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded		93,653	[1],[2]	86,599	[1],[2]	0
Price Per Share	[2]	$ 19.04	[3]	$ 18.51	[4]
Vesting Period	[2]	3 years		3 years
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded		29,227	[1],[5]	47,800	[1],[5]	0
Price Per Share	[5],[6]	$ 18.49		$ 24.35
Vesting Period	[5]	3 years		3 years
[1]	Amounts represent the maximum number of common stock shares that could be earned if certain performance targets are met as defined in the related restricted stock unit agreements.
[2]	Performance-based restricted stock units awarded to certain senior executives.
[3]	Price per share represents the 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.
[4]	Price per share represents the fair market value per share ($0.76 per $1 or a reduction of $5.84 to the closing price of the common stock on the date of grant) determined using the Monte Carlo simulation model for the market-based total shareholder return component and the closing price of our common stock ($24.35) for the performance-based component of the performance-based restricted stock units granted to certain senior executives on August 2, 2018.
[5]	Performance-based restricted stock units awarded to key employees.
[6]	Price per share represents the closing price of our common stock on the date of grant.

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Grants of Performance-Based Restricted Stock Units Associated with Senior Executives and Key Employees (Parenthetical) (Detail) - Performance-Based Restricted Stock Units [Member] - Senior Executives [Member] - $ / shares	Jul. 18, 2019	Aug. 02, 2018
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%
Fair value adjustment to closing price of common stock, per share	$ 0.55	$ 5.84
Closing price of common stock	$ 18.49	$ 24.35

Stock-Based Compensation - Su_4

Stock-Based Compensation - Summary of Performance-Based Restricted Stock Units Vested (Detail) - Performance-Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Aug. 02, 2020	Aug. 04, 2019
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[1]	3,277
Fair Value	[1],[2]	$ 33
Price Per Share	[1],[3]	$ 9.96
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[1]	3,710
Fair Value	[1],[2]	$ 37
Price Per Share	[1],[3]	$ 9.96
Key Employees and Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[1]		11,351
Fair Value	[1],[2]		$ 197
Price Per Share	[1],[3]		$ 17.36
Non-employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[4]		4,961
Fair Value	[2],[4]		$ 86
Price Per Share	[3],[4]		$ 17.36
[1]	Certain senior executives and key employees.
[2]	Dollar amounts are in thousands.
[3]	Price per share is derived from the closing price of our common stock on the date the respective performance based restricted stock units vested.
[4]	Non-employee

Stock-Based Compensation - Su_5

Stock-Based Compensation - Summary of Grants of Time-Based Restricted Stock Unit Awards Associated with Key Member of Management (Detail) - Time-Based Restricted Stock Units [Member] - Senior Executives and Management [Member] - $ / shares		Jul. 18, 2019	Aug. 02, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-Based Restricted Stock Units Awarded		34,399	10,000
Price Per Share	[1]	$ 18.49	$ 24.35
Vesting Period		3 years	5 years
[1]	Price per share represents closing price of common stock on the date the respective award was granted.

Leases - Narrative (Detail)

Leases - Narrative (Detail)	3 Months Ended
	Aug. 02, 2020USD ($)Building	Aug. 04, 2019USD ($)
Lessee, Operating Lease, Option to Extend	renewal options for additional periods ranging up to 10 years
Operating Lease Expenses	$ 658,000	$ 719,000
Upholstery Fabrics [Member] | China [Member]
Number of buildings extended lease term | Building	2
Increase in right of use assets and lease liabilities	$ 2,600,000
Mattress Fabrics [Member] | Canada [Member]
Increase in right of use assets and lease liabilities	$ 550,000
Lease terms	3 years
Lease expiration date	Jun. 30, 2023
Minimum [Member]
Operating Lease Remaining Lease Terms	1 year
Maximum [Member]
Operating Lease Remaining Lease Terms	6 years

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	Aug. 02, 2020	May 03, 2020	Aug. 04, 2019	[1]
Assets And Liabilities Lessee [Abstract]
Right of use asset	$ 6,443	$ 3,903	$ 6,530
Operating lease liability - current	2,387	1,805	2,456
Operating lease liability – noncurrent	$ 4,214	$ 2,016	$ 3,955
[1]	As of August 4, 2019, right of use assets totaled $6.5 million, of which $5.5 million and $1.0 million were classified as right of use asset and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.  At August 4, 2019, operating lease liabilities totaled $6.4 million, of which $2.3 million, $186,000, $3.1 million, and $874,000 were classified as operating lease liability – current, within current liabilities – discontinued operation, operating lease liability – long-term, and within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.

Leases - Lessee Operating Lea_2

Leases - Lessee Operating Lease Right of Use Assets and Liabilities (Parenthetical) (Detail) - USD ($)	Aug. 02, 2020	May 03, 2020		Aug. 04, 2019
Lessee Lease Description [Line Items]
Right of use asset	$ 6,443,000	$ 3,903,000		$ 6,530,000	[1]
Right of use asset	6,443,000	3,903,000	[2]	5,488,000
Noncurrent assets - Discontinued operation				23,058,000
Operating lease liabilities	6,601,000			6,400,000
Operating lease liability - current	2,387,000	1,805,000	[2]	2,270,000
Current liabilities - Discontinued operation				1,431,000
Operating lease liability - noncurrent	$ 4,214,000	$ 2,016,000	[2]	3,081,000
Noncurrent liabilities - Discontinued operation				3,599,000
Right of Use Assets [Member]
Lessee Lease Description [Line Items]
Right of use asset				5,500,000
Noncurrent Assets Discontinued Operation [Member]
Lessee Lease Description [Line Items]
Noncurrent assets - Discontinued operation				1,000,000
Operating Lease Liability Current [Member]
Lessee Lease Description [Line Items]
Operating lease liability - current				2,300,000
Current Liabilities - Discontinued Operation [Member]
Lessee Lease Description [Line Items]
Current liabilities - Discontinued operation				186,000
Operating Lease Liability Noncurrent [Member]
Lessee Lease Description [Line Items]
Operating lease liability - noncurrent				3,100,000
Noncurrent Liabilities Discontinued Operation [Member]
Lessee Lease Description [Line Items]
Noncurrent liabilities - Discontinued operation				$ 874,000
[1]	As of August 4, 2019, right of use assets totaled $6.5 million, of which $5.5 million and $1.0 million were classified as right of use asset and within noncurrent assets – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.  At August 4, 2019, operating lease liabilities totaled $6.4 million, of which $2.3 million, $186,000, $3.1 million, and $874,000 were classified as operating lease liability – current, within current liabilities – discontinued operation, operating lease liability – long-term, and within noncurrent liabilities – discontinued operation, respectively, in the accompanying Consolidated Balance Sheet.
[2]	Derived from audited financial statements.

Leases - Operating Leases of Le

Leases - Operating Leases of Lessee Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 445	$ 657
Right of use assets exchanged for lease liabilities	$ 3,154

Leases - Lessee Operating Lea_3

Leases - Lessee Operating Lease Liability Maturity (Details) - USD ($) $ in Thousands	Aug. 02, 2020	Aug. 04, 2019
Lessee Disclosure [Abstract]
2021	$ 2,050
2022	1,765
2023	1,350
2024	1,079
2025	663
Total	6,907
Less: interest	(306)
Present value of lease liabilities	$ 6,601	$ 6,400

Leases - Weighted Average Lease

Leases - Weighted Average Lease Term and Discount Rate (Detail)	Aug. 02, 2020	Aug. 04, 2019
Lessee Disclosure [Abstract]
Weighted average lease term	3 years 6 months	3 years 6 months
Weighted average discount rate	2.78%	3.82%

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Detail) - USD ($)	Aug. 02, 2020	May 03, 2020	[1]	Aug. 04, 2019
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures	$ 333,000	$ 107,000		$ 50,000
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment	$ 2,000,000
[1]	Derived from audited financial statements.

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subsidiaries [Member] - China [Member] $ in Millions	3 Months Ended
	Aug. 02, 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	$ 4.2
Percentage of accumulated earnings and profits determined in accordance with PRC accounting rules and regulations	10.00%
Minimum threshold percentage for statutory surplus reserve fund as percentage of registered capital, below which certain capital transactions are prohibited	25.00%

Common Stock Repurchase Progr_2

Common Stock Repurchase Program (Detail) - Common Stock [Member] - USD ($)	3 Months Ended
	Aug. 02, 2020	Aug. 04, 2019	Mar. 31, 2020
Stockholders Equity Note [Line Items]
Common stock repurchased	0	0
Remaining authorized repurchase amount	$ 5,000,000
Stock Repurchase Program March 2020 [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock			$ 5,000,000

Dividend Program - Narrative (D

Dividend Program - Narrative (Detail) - USD ($) $ / shares in Units, $ in Thousands	Sep. 02, 2020	Aug. 02, 2020	Aug. 04, 2019
Dividends [Line Items]
Cash dividends paid		$ 1,291	$ 1,241
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividends paid		$ 1,300	$ 1,200
Cash dividend payment, per share		$ 0.105	$ 0.10
Subsequent Event [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share	$ 0.105
Date of payment to shareholders entitled to dividends	Oct. 15, 2020
Date of record of shareholders entitled to dividends	Oct. 8, 2020