Culp (CULP) 10-Q 10 Sep 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 01, 2021	Sep. 08, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Aug. 1, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Registrant Name	CULP INC
Entity Central Index Key	0000723603
Current Fiscal Year End Date	--05-01
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		12,203,284
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 INCOME (LOSS) - USD ($) shares in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Income Statement [Abstract]
Net sales	$ 83,047,000	$ 64,464,000
Cost of sales	(70,548,000)	(54,563,000)
Gross profit	12,499,000	9,901,000
Selling, general and administrative expenses	(9,181,000)	(8,018,000)
Income from operations	3,318,000	1,883,000
Interest expense		(51,000)
Interest income	74,000	58,000
Other expense	(237,000)	(366,000)
Income before income taxes	3,155,000	1,524,000
Income tax expense	(905,000)	(4,324,000)
Income from investment in unconsolidated joint venture		67,000
Net income (loss)	$ 2,250,000	$ (2,733,000)
Net income (loss) per share - basic	$ 0.18	$ (0.22)
Net income (loss) per share - diluted	$ 0.18	$ (0.22)
Average shares outstanding, basic	12,313	12,287
Average shares outstanding, diluted	12,415	12,287

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Consolidated Statements of Comprehensive Income (Loss)
Net income (loss)	$ 2,250	$ (2,733)
Unrealized holding gains on investments, net of tax	148	69
Comprehensive income (loss)	$ 2,398	$ (2,664)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Aug. 01, 2021	May 02, 2021	[1]	Aug. 02, 2020
Current assets:
Cash and cash equivalents	$ 26,061,000	$ 37,009,000		$ 39,986,000
Short-term investments - held-to-maturity	1,661,000	3,161,000		5,092,000
Short-term investments - available for sale	9,698,000	5,542,000		983,000
Accounts receivable	35,008,000	37,726,000		29,893,000
Inventories	58,613,000	55,917,000		40,402,000
Current income taxes receivable	524,000			782,000
Other current assets	3,889,000	3,852,000		3,547,000
Total current assets	135,454,000	143,207,000		120,685,000
Property, plant and equipment, net	43,930,000	44,003,000		42,051,000
Intangible assets	2,910,000	3,004,000		3,286,000
Long-term investments - rabbi trust	8,841,000	8,415,000		7,916,000
Long-term investments - held-to-maturity	6,629,000	1,141,000		1,314,000
Right of use assets	11,447,000	11,730,000		6,443,000
Deferred income taxes	455,000	545,000		593,000
Investment in unconsolidated joint venture				1,759,000
Other assets	2,582,000	2,035,000		540,000
Total assets	212,248,000	214,080,000		184,587,000
Current liabilities:
Accounts payable - trade	45,285,000	42,540,000		25,746,000
Accounts payable - capital expenditures	48,000	348,000		333,000
Operating lease liability - current	2,727,000	2,736,000		2,387,000
Deferred revenue	694,000	540,000		685,000
Accrued expenses	9,950,000	14,839,000		7,852,000
Income taxes payable - current	253,000	229,000		613,000
Total current liabilities	58,957,000	61,232,000		37,616,000
Accrued expenses - long-term				117,000
Operating lease liability - long-term	6,665,000	6,821,000		4,214,000
Income taxes payable - long-term	3,365,000	3,326,000		3,591,000
Deferred income taxes	4,917,000	5,330,000		5,311,000
Deferred compensation	8,795,000	8,365,000		7,869,000
Total liabilities	82,699,000	85,074,000		58,718,000
Commitments and Contingencies (Notes 3, 9, 15, and 16)
Shareholders' equity
Preferred stock, $0.05 par value, authorized 10,000,000
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,276,286 at August 1, 2021; 12,291,946 at August 2, 2020; and 12,312,822 at May 2, 2021	614,000	616,000		615,000
Capital contributed in excess of par value	43,310,000	43,807,000		42,708,000
Accumulated earnings	85,331,000	84,437,000		82,487,000
Accumulated other comprehensive income	294,000	146,000		59,000
Total shareholders' equity	129,549,000	129,006,000		125,869,000
Total liabilities and shareholders' equity	$ 212,248,000	$ 214,080,000		$ 184,587,000
[1]	Derived from audited financial statements.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
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	12,276,286	12,312,822	12,291,946
Common stock, outstanding	12,276,286	12,312,822	12,291,946

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Cash flows from operating activities:
Net income (loss)	$ 2,250,000	$ (2,733,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	1,726,000	1,822,000
Amortization	121,000	118,000
Stock-based compensation	274,000	126,000
Deferred income taxes	(323,000)	3,693,000
Income from investment in unconsolidated joint venture		(67,000)
Foreign currency exchange loss	3,000	154,000
Changes in assets and liabilities:
Accounts receivable	2,715,000	(4,757,000)
Inventories	(2,676,000)	7,592,000
Other current assets	(39,000)	(1,254,000)
Other assets	(556,000)	(24,000)
Accounts payable – trade	2,723,000	2,544,000
Deferred revenue	154,000	183,000
Accrued expenses and deferred compensation	(4,336,000)	2,377,000
Income taxes	(465,000)	807,000
Net cash provided by operating activities	1,571,000	10,581,000
Cash flows from investing activities:
Capital expenditures	(1,953,000)	(500,000)
Investment in unconsolidated joint venture		(90,000)
Proceeds from the maturity of short-term investments (Held to Maturity)	1,967,000	350,000
Purchase of short-term and long-term investments (Held to Maturity)	(5,973,000)	(423,000)
Purchase of short-term investments (Available for Sale)	(4,031,000)	(34,000)
Proceeds from the sale of long-term investments (rabbi trust)		39,000
Purchase of long-term investments (rabbi trust)	(403,000)	(78,000)
Net cash used in investing activities	(10,393,000)	(736,000)
Cash flows from financing activities:
Payments associated with lines of credit		(30,772,000)
Payment associated with Paycheck Protection Program Loan		(7,606,000)
Dividends paid	(1,356,000)	(1,291,000)
Common stock repurchased	(723,000)
Common stock surrendered for withholding taxes payable	(50,000)
Payments of debt issuance costs		(15,000)
Net cash used in financing activities	(2,129,000)	(39,684,000)
Effect of exchange rate changes on cash and cash equivalents	3,000	35,000
Decrease in cash and cash equivalents	(10,948,000)	(29,804,000)
Cash and cash equivalents at beginning of period	37,009,000	69,790,000
Cash and cash equivalents at end of period	$ 26,061,000	$ 39,986,000

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)		Total	Common Stock	Capital Contributed in Excess of Par Value	Accumulated Earnings	Accumulated Other Comprehensive (Loss) Income
Balance at May. 03, 2020	[1]	$ 129,698,000	$ 615,000	$ 42,582,000	$ 86,511,000	$ (10,000)
Balance (in shares) at May. 03, 2020	[1]		12,284,946
Net income (loss)		(2,733,000)			(2,733,000)
Stock-based compensation		126,000		126,000
Unrealized gain on investments		69,000				69,000
Fully vested common stock award, (in shares)			7,000
Common stock repurchased (in shares)			0
Dividends paid		(1,291,000)			(1,291,000)
Balance at Aug. 02, 2020		125,869,000	$ 615,000	42,708,000	82,487,000	59,000
Balance (in shares) at Aug. 02, 2020			12,291,946
Balance at May. 02, 2021	[1]	129,006,000	$ 616,000	43,807,000	84,437,000	146,000
Balance (in shares) at May. 02, 2021	[1]		12,312,822
Net income (loss)		2,250,000			2,250,000
Stock-based compensation		274,000		274,000
Unrealized gain on investments		148,000				148,000
Common stock issued in connection with vesting of performance based restricted stock units (in shares)			10,863
Common stock surrendered for withholding taxes payable		(50,000)		(50,000)
Common stock surrendered for withholding taxes payable (in shares)			(3,025)
Fully vested common stock award, (in shares)			4,312
Common stock repurchased		(723,000)	$ (2,000)	(721,000)
Common stock repurchased (in shares)			(48,686)
Dividends paid		(1,356,000)			(1,356,000)
Balance at Aug. 01, 2021		$ 129,549,000	$ 614,000	$ 43,310,000	$ 85,331,000	$ 294,000
Balance (in shares) at Aug. 01, 2021			12,276,286
[1]	Derived from audited financial statements.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Aug. 01, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed 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 these adjustments are of a normal recurring nature. Results of operations for interim periods may not be indicative of future results. The unaudited condensed 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 16, 2021, for the fiscal year ended May 2, 2021. The company’s three-months ended August 1, 2021, and August 2, 2020, each represent 13-week periods.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Aug. 01, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies As of August 1, 2021, 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 2, 2021. Recently Adopted Accounting Pronouncements Income Taxes In December 2019, the FASB issued ASU No. 2019-12, Income Taxes Simplifying the Accounting for Income Taxes Recently Issued Accounting Pronouncements Currently, there are no new recent accounting pronouncements that are expected to have a material impact on our consolidated financial statements.

Business Combination Achieved i

Business Combination Achieved in Stages	3 Months Ended
	Aug. 01, 2021
Business Combinations [Abstract]
Business Combination Achieved in Stages	3. BUSINESS COMBINATION ACHIEVED IN STAGES Overview Effective January 1, 2017, Culp International Holdings, Ltd. (“Culp International”), a wholly-owned subsidiary of the company entered into a joint venture agreement pursuant to which Culp International owned 50% of Class International Holdings, Ltd. (“CIH). Effective February 1, 2021 (sometimes referred to as the “acquisition date”), Culp International entered into a Share Purchase Agreement with its former joint venture partner pursuant to which Culp International acquired the remaining 50% ownership interest in CIH. CIH produces cut and sewn mattress covers and is housed in two facilities totaling 120,000 square feet, located in a modern industrial park on the northeastern border of Haiti. We believe having sole ownership of this operation increases our capacity and enhances our flexibility by having near-shore capabilities that will help us to meet the needs of our mattress cover customers. Prior to the acquisition of the remaining 50% ownership interest in CIH, we accounted for our initial 50% ownership interest in CIH as an unconsolidated joint venture under the equity method of accounting. In connection with the acquisition of the remaining 50% ownership interest in CIH, our consolidated financial statements now include all of the accounts of CIH, and any significant intercompany balances and transactions have been eliminated in consolidation. The consideration transferred for our now-100% ownership interest in connection with this acquisition totaled $2.7 million, of which $1.7 million represented the fair value of our previously held 50% ownership interest in CIH at the time of acquisition, and $954,000 represented the purchase price that was mostly paid at closing on February 1, 2021, for the remaining 50% ownership interest in CIH. In accordance with ASC Topic 805-10-25-10, we remeasured our previously held 50% ownership interest in CIH at its acquisition date fair value. As of the acquisition date, the fair value of our previously held 50% ownership interest totaling $1.7 million represented its carrying amount, and therefore, no gain or loss was recognized in earnings for the remeasurement of our previously held 50% ownership interest. Assets Acquired and Liabilities Assumed The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values: (dollars in thousands) Fair Value Cash and cash equivalents $ 62 Accounts receivable 169 Inventory 31 Right of use assets 2,544 Equipment and leasehold improvements 846 Accounts payable (155 ) Gain on bargain purchase (819 ) $ 2,678 Equipment and leasehold improvements is being depreciated on a straight-line basis over their remaining useful lives ranging from 1 to 10 years. Gain on Bargain Purchase Concurrent with our acquisition of the remaining 50% ownership interest in CIH, our former joint venture partner sold its mattress business to a third party. Our acquisition of the remaining 50% ownership interest in CIH was undertaken due to this sale and the terms negotiated in connection therewith. As a result, the $3.5 million fair value of the identifiable assets acquired and liabilities assumed exceeded the consideration transferred of $2.7 million. Consequently, in accordance with ASC Topic 825-30-25-4, we (i) reassessed the recognition and measurement of the assets acquired, liabilities assumed, and previously held ownership interest; (ii) gained an understanding of why there was a bargain purchase; and (iii) reviewed the rebate and supply agreements that were executed concurrent with the Share Purchase Agreement. As part of our review of the rebate and supply agreements, we verified that the terms of these agreements were consistent with fair market terms and were considered separate transactions and not considered part of the business combination in accordance with ASC Topic 805-20-25-21. Accordingly, this acquisition was accounted for as a bargain purchase and, as a result, we recognized a gain of $819,000 as of the acquisition date. Supply and Rebate Agreements In connection with the Share Purchase Agreement, we entered into a supply agreement and rebate agreement with an affiliated company of our former joint venture partner to secure plant capacity utilization and preserve sales channels of certain mattress fabric products. The supply and rebate agreements are effective as of the acquisition date and are based on future sales orders consistent with current market conditions. The transactions associated with the supply and rebate agreements are accounted for in accordance with ASC Topic 606 Revenue from Contract with Customers Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the three-month periods ending August 1, 2021, and August 2, 2020, have been prepared as if this acquisition had occurred on April 29, 2019. (dollars in thousands, except per share data) August 1, 2021 August 2, 2020 Net Sales $ 83,047 $ 64,761 Income from operations 3,318 2,017 Net income (loss) 2,250 (2,666 ) Net income (loss) per share - basic $ 0.18 $ (0.22 ) Net income (loss) per share - diluted $ 0.18 $ (0.22 ) The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results. Equity Method of Accounting In accordance with the equity method of accounting, we reported our previous 50% proportionate share of net income of CIH as a separate line titled “income from investment in unconsolidated joint venture” in the accompanying Consolidated Statements of Net Income (Loss). Our 50% proportionate share of the net income of the unconsolidated joint venture was $67,000 during the first quarter of fiscal 2021. The following table summarizes assets, liabilities, and members’ equity for our equity method investment in CIH: (dollars in thousands) August 2, 2020 total assets $ 3,668 total liabilities $ 149 total members’ equity $ 3,519 As of August 2, 2020, our investment in unconsolidated joint venture totaled $1.8 million, which represents our 50% ownership interest in our investment in CIH.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	3 Months Ended
	Aug. 01, 2021
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 1, 2021 August 2, 2020 Beginning balance $ 591 $ 472 Provision for bad debts (11 ) 80 Ending balance $ 580 $ 552 During the three-month periods ended August 1, 2021, and August 2, 2020, we assessed the credit risk of our customers within our accounts receivable portfolio. Our risk assessment includes the respective customer’s (i) financial position; (ii) past payment history; (iii) management’s general ability; and (iv) historical loss experience; as well as (v) any other ongoing economic conditions (i.e., COVID-19). 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 $580,000 and $552,000 as of August 1, 2021 and August 2, 2020, respectively.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Aug. 01, 2021
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	5. Revenue from Contracts with Customers Nature of Performance Obligations Our operations are classified into 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. In addition, the upholstery fabrics segment includes Read Window Products LLC (“Read”), which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. 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 our own products associated with window treatments. 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. During the first quarter of fiscal 2021, 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 any 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 1, 2021, August 2, 2020, and May 2, 2021. A summary of the activity associated with deferred revenue follows: Three months ended (dollars in thousands) August 1, 2021 August 2, 2020 Beginning balance $ 540 $ 502 Revenue recognized on contract liabilities (611 ) (593 ) Payments received for services not yet rendered 765 776 Ending balance $ 694 $ 685 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 1, 2021: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 43,058 $ 38,290 $ 81,348 Services transferred over time — 1,699 1,699 Total Net Sales $ 43,058 $ 39,989 $ 83,047 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

Inventories

Inventories	3 Months Ended
	Aug. 01, 2021
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 1, 2021 August 2, 2020 May 2, 2021 Raw materials $ 9,443 $ 7,742 $ 7,742 Work-in-process 3,637 2,292 3,156 Finished goods 45,533 30,368 45,019 $ 58,613 $ 40,402 $ 55,917

Intangible Assets

Intangible Assets	3 Months Ended
	Aug. 01, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	7. Intangible Assets A summary of intangible assets follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,862 2,162 1,937 Non-compete agreement, net 508 584 527 $ 2,910 $ 3,286 $ 3,004 Tradename Our tradename totaling $540,000 as of August 1, 2021, pertained to Read, a separate reporting unit within the upholstery fabrics segment. Read’s 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 1, 2021, no indicators of impairment existed and therefore, no asset impairment charges associated with Read’s tradename were recorded during the first quarter of fiscal 2022. Customer Relationships A summary of the change in the carrying amount of our customer relationships follows: Three months ended (dollars in thousands) August 1, 2021 August 2, 2020 Beginning balance $ 1,937 $ 2,238 Amortization expense (75 ) (76 ) Ending balance $ 1,862 $ 2,162 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 was $3.1 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. Accumulated amortization for these customer relationships was $1.3 million, $953,000, and $1.2 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. The remaining amortization expense for the next five fiscal years and thereafter follows: FY 2022 - $226,000; FY 2023 - $301,000; FY 2024 - $301,000; FY 2025 - $301,000; FY 2026 - $301,000; and thereafter - $432,000. The weighted average amortization period for our customer relationships was 6.4 years as of August 1, 2021. 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 1, 2021 August 2, 2020 Beginning balance $ 527 $ 602 Amortization expense (19 ) (18 ) Ending balance $ 508 $ 584 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 1, 2021, August 2, 2020, and May 2, 2021, respectively. Accumulated amortization for our non-compete agreement was $1.6 million, $1.5 million, and $1.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. The remaining amortization expense for the next five years and thereafter follows: FY 2022 - $56,000; FY 2023 - $76,000; FY 2024 - $76,000; FY 2025 - $76,000; FY 2026 - $76,000, and thereafter - $148,000. The weighted average amortization period for the non-compete agreement was 6.8 years as of August 1, 2021.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Aug. 01, 2021
Text Block [Abstract]
Accrued Expenses	8. Accrued Expenses A summary of accrued expenses follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Compensation, commissions and related benefits $ 5,006 $ 4,549 $ 9,816 Other accrued expenses 4,944 3,420 5,023 $ 9,950 $ 7,969 $ 14,839 Our entire accrued expense balances totaling $10.0 million as of August 1, 2021, and $14.8 million as of May 2, 2021, were classified as current accrued expenses in the accompanying Consolidated Balance Sheets. 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, r espectively, in the accompanying Consolidated Balance Sheets.

Lines of Credit

Lines of Credit	3 Months Ended
	Aug. 01, 2021
Debt Disclosure [Abstract]
Lines of Credit	9. Lines of Credit Revolving Credit Agreement – United States Our Credit Agreement (“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 1.69%, 1.75%, and 1.71% as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively) calculated using 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 of August 1, 2021, August 2, 2020, and May 2, 2021, there were $275,000, $250,000, and $275,000, respectively, in outstanding letters of credit provided by the Credit Agreement. As of August 1, 2021, we had $725,000 remaining for the issuance of additional letters of credit. There were no borrowings outstanding under the Credit Agreement as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. Revolving Credit Agreements – China Operations Denominated in Chinese Yuan Renminbi (“RMB”) We have an unsecured credit agreement denominated in RMB with a bank located in China that provides for a line of credit of up to 40 million RMB ($6.2 million USD as of August 1, 2021). This agreement has an interest rate determined by the Chinese government at the time of borrowing and is set to expire on December 1, 2021. There were no borrowings outstanding under this agreement as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. Denominated in United States Dollar (“USD”) As of May 2, 2021, we had an unsecured credit agreement denominated in USD with another bank located in China that provided for a line of credit up to $2 million USD and was set to expire on July 7, 2021. On August 30, 2021, we renewed this agreement, which maintains our borrowing capacity of $2.0 million and extends the expiration date to August 30, 2022. The interest rate regarding this agreement is determined by the Chinese government at the time of the borrowing. There were no borrowings outstanding under this agreement as August 1, 2021, August 2, 2021, and May 2, 2021, respectively. Overall Our loan agreements require, among other things, that we maintain compliance with certain financial covenants. As of August 1, 2021, we complied with our financial covenants. No interest payments were made during the first quarter of fiscal 2022. Interest paid during the first quarter of fiscal 2021 totaled $60,000.

Fair Value

Fair Value	3 Months Ended
	Aug. 01, 2021
Fair Value Disclosures [Abstract]
Fair Value	10. Fair Value 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 observabl e , 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 tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of August 1, 2021, 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: U.S. Government Money Market Fund $ 8,205 N/A N/A $ 8,205 Bond Mutual Funds 4,656 N/A N/A 4,656 Inflation Protected Bond Mutual Funds 2,979 N/A N/A 2,979 Mortgage Securities Mutual Funds 1,124 N/A N/A 1,124 Large Cap Equity Mutual Funds 708 N/A N/A 708 Growth Allocation Mutual Funds 419 N/A N/A 419 U.S. Event Driven Equity Mutual Fund 194 N/A N/A 194 Moderate Allocation Mutual Fund 91 N/A N/A 91 Other 163 N/A N/A 163 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 Bond Mutual Funds 983 N/A N/A 983 Growth Allocation Mutual Funds 246 N/A N/A 246 Moderate Allocation Mutual Fund 71 N/A N/A 71 Other 66 N/A N/A 66 Fair value measurements as of May 2, 2021, 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 $ 7,879 N/A N/A $ 7,879 Bond Mutual Funds 4,101 N/A N/A 4,101 Inflation Protected Bond Mutual Funds 722 N/A N/A 722 Mortgage Securities Mutual Fund 719 N/A N/A 719 Growth Allocation Mutual Funds 339 N/A N/A 339 Moderate Allocation Mutual Fund 86 N/A N/A 86 Other 111 N/A N/A 111 Short-Term Investments – Available for Sale Our short-term investments classified as available for sale consisted of various types of bond and equity mutual funds and had an accumulated unrealized gain totaling $143,000, $6,000 and $24,000 as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. Our short-term investments classified as available for sale were recorded at their fair values of $9.7 million, $983,000, and $5.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. As of August 1, 2021, August 2, 2020, and May 2, 2021, the fair value of our short-term investments classified as available for sale approximated their cost basis. 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 remaining maturities of less than 4 years as of August 1, 2021. 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 were recorded at amortized cost. As of August 1, 2021, August 2, 2020, and May 2, 2021, our held-to-maturity investments recorded at amortized cost totaled $8.3 million, $6.4 million, and $4.3 million, respectively. The fair value of our held-to-maturity investments as of August 1, 2021, August 2, 2020, and May 2, 2021, totaled $8.3 million, $6.5 million, and $4.3 million, respectively. Our bond investments were classified as level 2 within the fair value hierarchy as they were traded over the counter within a broker network and not on an active market. The fair value of our bond investments was determined based on a published source that provided an average bid price. The average bid price was based on various broker prices that were determined based on market conditions, interest rates, and the rating of the respective bond investment. Current Expected Credit Loses (“CECL”)- Available for Sale and Held-To-Maturity Investments As of August 1, 2021, August 2, 2020, and May 2, 2021, we did not record an allowance for credit losses related to our short-term available for sale or held-to-maturity investments, which are comprised of high-grade U.S. and foreign corporate bonds, U.S. Treasury bonds, and bond and equity mutual funds. We determined that our credit loss exposure was immaterial as we have experienced historically low unrealized losses and gains during past reporting periods. In addition, it is not our intention to sell, and it is not likely that we will be required to sell, our held-to-maturity investments before the recovery of their amortized cost basis. As of August 1, 2021, we reported an accumulated unrealized gain of $143,000 associated with our short-term investments classified as available for sale. As mentioned above, it is not our intention to sell nor is it 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-month period ending August 1, 2021. Long-Term Investments - Rabbi Trust We have a rabbi trust for the participants of our deferred compensation plan (the “Plan”), that enables our participants to credit their contributions to various investment options of the Plan. The investments associated with the rabbi trust consist of a U.S. Government money market fund and various equity related mutual funds that are classified as available for sale. Our long-term investments associated with our rabbi trust are classified as available for sale and recorded at their fair values of $8.8 million, $7.9 million, and $8.4 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. The long-term investments associated with our rabbi trust had an accumulated unrealized gain of $151,000, $53,000, and 122,000, as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively. 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 approximate their fair value because of the short maturity of these financial instruments. Nonrecurring Basis – Fourth Quarter of Fiscal 2021 During the three-month period ending May 2, 2021, we had assets and liabilities that were required to be measured at fair value on a nonrecurring basis that pertained to assets acquired and certain liabilities that were assumed in connection with the CIH business combination effective February 1, 2021. See Note 3 of the consolidated financial statements for further details regarding this business combination. Fair value measurements as of May 2, 2021, 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: Right of use assets N/A 2,544 N/A $ 2,544 Equipment and leasehold improvements N/A N/A 846 846 Inventory N/A N/A 31 31 The fair value of our right of use assets was based on our analysis of a recent appraisal of annual lease rates per square foot for industrial buildings that are similar in nature and within the same locale. We believe the annual lease rates per square foot presented in our recent appraisal represent significant observable inputs and therefore the right of use assets were classified as level 2. Additionally, in connection with the CIH business combination effective February 1, 2021, we acquired cash, accounts receivable, and certain other current assets, and we assumed accounts payable. Based on the nature of these items and their short-term maturity, the carrying amount of these items approximated their fair values. See Note 3 of the consolidated financial statements for the final allocation of the acquisition cost to assets acquired and liabilities assumed based on their fair values.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	3 Months Ended
	Aug. 01, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	11. Net Income (Loss) Per Share Basic net income (loss) per share is computed using the weighted-average number of shares outstanding during the period. Diluted net income (loss) per share uses the weighted-average number of shares outstanding during the period plus the dilutive effect of stock-based compensation calculated using the treasury stock method. Weighted average shares used in the computation of basic and diluted net income (loss) per share are as follows: Three months ended (amounts in thousands) August 1, 2021 August 2, 2020 Weighted average common shares outstanding, basic 12,313 12,287 Dilutive effect of stock-based compensation 102 — Weighted average common shares outstanding, diluted 12,415 12,287 During the first quarter of fiscal 2022, all unvested shares of common stock were included in the computation of diluted net income per share. During the first quarter of fiscal 2021, 33,828 shares of unvested common stock were not included in the computation of diluted net loss per share, as their effect would be antidilutive. Of the 33,828 shares of unvested common stock, 27,153 shares were not included in the computation as their effect would be antidilutive due to 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 the related stock-based compensation awards. In addition, 6,675 shares of unvested common stock were not included in the computation as we incurred a net loss for the first quarter of fiscal 2021, and therefore, their effect would be antidilutive.

Segment Information

Segment Information	3 Months Ended
	Aug. 01, 2021
Segment Reporting [Abstract]
Segment Information	12. Segment Information Overall Our operations are classified into two business segments: mattress fabrics and upholstery fabrics. The mattress fabrics segment manufactures, sources, and sells fabrics and mattress covers primarily to bedding manufacturers. The upholstery fabrics segment develops, manufactures, sources, and sells fabrics primarily to residential and commercial furniture manufacturers. In addition, this segment includes Read, which provides window treatments and sourcing of upholstery fabrics and other products, as well as measuring and installation services for Read’s products, to customers in the hospitality and commercial industries. Read also supplies soft goods such as decorative top sheets, coverlets, duvet covers, bed skirts, bolsters, and pillows. Financial Information We evaluate the operating performance of our business segments based upon income (loss) from operations before certain unallocated corporate expenses, asset impairments, restructuring credit (expense) and 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 support 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 included in segment assets its investment in an unconsolidated joint venture as of August 2, 2020. 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 individual segments, or determine executive compensation. Statements of operations for our operating segments are as follows: Three months ended August 1, 2021 August 2, 2020 net sales by segment: mattress fabrics $ 43,058 $ 36,103 upholstery fabrics 39,989 28,361 net sales $ 83,047 $ 64,464 gross profit: mattress fabrics $ 6,795 $ 4,608 upholstery fabrics 5,704 5,293 gross profit $ 12,499 $ 9,901 selling, general, and administrative expenses by segment: mattress fabrics $ 3,184 $ 2,763 upholstery fabrics 3,437 3,180 unallocated corporate expenses 2,560 2,075 selling, general, and administrative expenses $ 9,181 $ 8,018 income (loss) from operations by segment: mattress fabrics $ 3,611 $ 1,845 upholstery fabrics 2,267 2,113 unallocated corporate expenses (2,560 ) (2,075 ) income from operations 3,318 1,883 interest expense — (51 ) interest income 74 58 other expense (237 ) (366 ) income before income taxes $ 3,155 $ 1,524 Balance sheet information for our operating segments follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Segment assets: Mattress Fabrics: Accounts receivable $ 18,016 $ 15,585 $ 20,427 Inventory 31,778 20,070 30,047 Property, plant and equipment (1) 40,881 39,597 41,264 Right of use assets (2) 4,058 832 4,278 Investment in unconsolidated joint venture — 1,759 — Total mattress fabrics assets 94,733 77,843 96,016 Upholstery Fabrics: Accounts receivable 16,992 14,308 17,299 Inventory 26,835 20,332 25,870 Property, plant and equipment (3) 2,080 1,634 1,925 Right of use assets (4) 5,984 3,802 5,945 Total upholstery fabrics assets 51,891 40,076 51,039 Total segment assets 146,624 117,919 147,055 Non-segment assets: Cash and cash equivalents 26,061 39,986 37,009 Short-term investments - available for sale 9,698 983 5,542 Short-term investments - held-to-maturity 1,661 5,092 3,161 Current income taxes receivable 524 782 — Other current assets 3,889 3,547 3,852 Deferred income taxes 455 593 545 Property, plant and equipment (5) 969 820 814 Right of use assets (6) 1,405 1,809 1,507 Intangible assets 2,910 3,286 3,004 Long-term investments - rabbi trust 8,841 7,916 8,415 Long-term investments - held-to-maturity 6,629 1,314 1,141 Other assets 2,582 540 2,035 Total assets $ 212,248 $ 184,587 $ 214,080 Three months ended (dollars in thousands) August 1, 2021 August 2, 2020 Capital expenditures (7): Mattress Fabrics $ 1,117 $ 545 Upholstery Fabrics 262 113 Unallocated Corporate 274 68 Total capital expenditures $ 1,653 $ 726 Depreciation expense: Mattress Fabrics $ 1,521 $ 1,631 Upholstery Fabrics 205 191 Total depreciation expense $ 1,726 $ 1,822 (1) The $40.9 million as of August 1, 2021, represents property, plant, and equipment of $27.6 million, $12.4 million, and $875,000 located in the U.S., Canada, and Haiti, respectively. 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 $41.3 million as of May 2, 2021, represents property, plant, and equipment of $28.4 million, $12.0 million, and $855,000 located in the U.S., Canada, and Haiti, respectively. (2) The $4.1 million as of August 1, 2021, represents right of use assets of $2.3 million, $1.4 million, and $355,000 located in Haiti, the U.S., and Canada, respectively. The $832,000 as of August 2, 2020, represents right of use assets of $535,000 and $297,000 located in Canada and the U.S., respectively. The $4.3 million as of May 2, 2021, represents right of use assets of $2.4 million, $1.4 million, and $400,000 located in Haiti, the U.S., and Canada, respectively. (3) The $2.1 million as of August 1, 2021, represents property, plant, and equipment of $1.1 million, $830,000, and $130,000 located in the U.S., China, and Haiti, respectively. The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456,000 located in the U.S. and China, respectively. The $1.9 million as of May 2, 2021, represents property, plant, and equipment of $1.1 million and $850,000 located in the U.S. and China, respectively. (4) The $ 6.0 million as of August 1 , 202 1 , represents right of use assets of $ 4.6 million and $ million located in China and the U.S., respectively. The $ 3.8 million a s of August 2 , 20 20 , represents right of use assets of $ 3.1 million and $ located in China and the U.S., respectively . The $ 5.9 million as of May 2 , 202 1 , represents right of use assets of $ 5.0 million and $ 952,000 located in China and the U.S. , respectively . (5) The $969,000, $820,000, and $814,000 as of August 1, 2021, August 2, 2020, and May 2, 2021, 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 $1.4 million, $1.8 million, and $1.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively, represent 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. 01, 2021
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes Effective Income Tax Rate We recorded income tax expense of $905,000, or 28.7% of income before income taxes, for the three-month period ending August 1, 2021, compared with income tax expense of $4.3 million, or 283.7% of income before income taxes, for the three-month period ending August 2, 2020. Our effective income tax rates for the three-month periods ended August 1, 2021, and August 2, 2020, 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. When calculating the annual estimated effective income tax rate for the three-month periods ended August 1, 2021, and August 2, 2020, we were subject to a loss limitation rule in accordance with ASC Topic 740-270-30-36(a). This loss limitation rule requires any taxable loss associated with our U.S. or foreign operations to be excluded from the annual estimated effective income tax rate calculation if it was determined that no tax benefit could be recognized during the current fiscal year. 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, Canada, and Haiti versus annual projections, as well as changes in foreign currency exchange rates in relation to the U.S. dollar. The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the three-month periods ending August 1, 2021, and August 2, 2020: August 1, August 2, 2021 2020 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance (3.9 ) 474.4 U.S. income tax law change — (232.5 ) Withholding taxes associated with foreign jurisdictions 6.2 10.1 Foreign income tax rate differential 1.6 9.1 Global Intangible Low Taxed Income Tax ("GILTI") 3.4 — Other 0.4 1.6 28.7 % 283.7 % Our effective income tax rate during the first quarter of fiscal 2022 was negatively affected, but not nearly to the extent as in the first quarter of fiscal 2021, by the mix of taxable income that is mostly earned by our foreign operations located in China and Canada, which have higher income tax rates than the U.S. This is due mostly to higher annual forecasted taxable income from our U.S. operations as of the end of the first quarter of fiscal 2022, as compared with lower annual forecasted taxable as of the end of the first quarter of fiscal 2021. The annual forecasted taxable income at the end of the first quarter of fiscal 2021 was significantly affected by the ongoing disruption and uncertain economic conditions relating to the COVID-19 pandemic. As a result of the increase in forecasted taxable income, the principal differences in the above table are not as pronounced during the first quarter of fiscal 2022 as compared with those differences during the first quarter of fiscal 2021. GILTI Fiscal 2021 Effective July 20, 2020, the U.S. Treasury Department finalized and enacted previously proposed regulations regarding the GILTI tax provisions of the Tax Cuts and Jobs Act of 2017 (“TCJA”). With the enactment of these final regulations, we became eligible for an exclusion from GILTI if we meet the provisions of the GILTI High-Tax exception included in these final regulations. To meet the provisions of the GILTI high tax exception, the tested foreign entity’s effective income tax rate related to current year’s earnings must be higher than 90% Since we met the requirements for the High-Tax exception for our 2019 and 2020 fiscal years, 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. Additionally, we met the requirements for the High-Tax exception for our 2021 fiscal year, and therefore, were not subject to GILTI tax. Fiscal 2022 As of the end of the first quarter of fiscal 2022, we believe we will not meet the requirements for the GILTI High-Tax exception regarding our foreign subsidiaries located in Canada and Haiti, and therefore, will be subject to GILTI tax for the 2022 fiscal year. Based on our assessment associated with our operation located in Canada, we expect that several significant capital projects will be placed into service during fiscal 2022, and therefore we will be eligible for a significant amount of deductible accelerated depreciation. As a result, our current year’s income tax expense is expected to be much lower than prior fiscal years’, and therefore, our projected current effective income tax rate is expected to be lower than the required 18.9% current effective income tax rate to meet the GILTI High-Tax exception. Based on our assessment associated with our operations located in Haiti, we expect to earn taxable income that is not subject to income tax, as we are located in an economic zone that permits a 0% income tax rate for the first fifteen years of operations, for which we have ten years remaining. Since our operations located in Haiti are not expected to be subject to income tax, our projected current effective income tax rate of 0% will be lower than the required 18.9% current effective income tax rate to meet the GILTI High-Tax exception. Fiscal 2022 is the first fiscal year in which we expect to earn taxable income from our operations located in Haiti. Valuation Allowance In accordance with ASC Topic 740, we evaluate the realizability of 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 of the end of the first quarter of fiscal 2021. 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 was reversed as a result of the retroactivity of the new GILTI 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 expected at the time of this assessment that our history of U.S. pre-tax losses would continue into fiscal 2021. As a result of the significant weight of this negative evidence, we believed it was more-likely-than-not that our U.S. net deferred income tax assets would 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. As of August 1, 2021, we evaluated the realizability of our U.S. net deferred income tax assets to determine if a full valuation allowance was required. Based on our assessment, we determined we have a recent history of cumulative U.S. taxable losses, in that we experienced U.S. taxable losses during each of the fiscal years 2020 and 2021. In addition, as of August 1, 2021, we are currently expecting U.S. taxable income during fiscal 2022 stemming from the source of taxable income provided by GILTI noted above. However, the cumulative losses that we have experienced during fiscal years 2020 and 2021 significantly exceed the U.S. taxable income expected during fiscal 2022. As a result of the significant weight of this negative evidence, we believe it is more likely than not that our U.S. deferred income tax assets w ill not be fully realizable, and therefore we provided for a full valuation allowance against our U.S. net deferred income tax assets. Based on our assessments as of August 1, 2021, August 2, 2020, and May 2, 2021, valuation allowances against our net deferred income taxes pertain to the following: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 U.S. federal and state net deferred income tax assets $ 9,221 7,830 9,344 U.S. capital loss carryforward 2,330 2,281 2,330 $ 11,551 10,111 11,674 Undistributed Earnings In accordance with ASC Topic 740, we assess whether the undistributed earnings from our foreign subsidiaries will be reinvested indefinitely or eventually distributed to our U.S. parent company. ASC Topic 740 requires that a deferred income tax liability should be recorded for undistributed earnings from foreign subsidiaries that will not be reinvested indefinitely. As of August 1, 2021, we assessed the liquidity requirements of our U.S. parent company and determined that our undistributed earnings and profits from our foreign subsidiaries would not be reinvested indefinitely and would be eventually distributed to our U.S. parent company. The conclusion reached from this assessment was consistent with prior years. 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 income tax liability will be required for unremitted withholding taxes associated with earnings and profits generated by our foreign subsidiaries that will ultimately be repatriated to the U.S. parent company. As a result, as of August 1, 2021, August 2, 2020, and May 2, 2021, we recorded a deferred income tax liability of $3.2 million, $3.6 million, and $3.5 million, respectively, for withholding taxes associated with 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 end of the reporting period, or is effectively settled through examination, negotiation, litigation, or the statute of limitations for the relevant taxing authority to examine and challenge the tax position has expired. If it is determined that any of the above conditions occur regarding our uncertain income tax positions, an adjustment to our unrecognized income tax benefit will be recorded at that time. As of August 1, 2021, August 2, 2020, and May 2, 2021, 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. Of this $1.4 million total gross unrecognized income tax benefit, $1.1 million would favorably affect 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. Income Taxes Paid The following table sets forth taxes paid (refunded) by jurisdiction: Three Months Ended August 1, August 2, (dollars in thousands) 2021 2020 United States Federal - Alternative Minimum Tax (AMT) credit refunds (1) $ — $ (745 ) China 1,408 349 Canada 280 405 $ 1,688 $ 9 (1) In accordance with the provisions of the TCJA, 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 received during the first quarter of fiscal 2021, with the remaining balance expected to be received in fiscal 2022. In accordance with the provisions of the U.S. federal Coronavirus Aid, Relief, and Economic Security (CARES) Act (2020), 100 % of AMT credit carryforwards for 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.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Aug. 01, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	14. 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 1, 2021, there were 474,575 shares available for future equity-based grants under the 2015 Plan. Performance-Based Restricted Stock Units Senior Executives We have granted performance-based restricted stock units to 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 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. Our performance-based restricted stock units granted to senior executives were 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. Key Employees We have granted 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. Overall The following table summarizes information related to our grants of performance-based restricted stock units associated with senior executives and key employees that are unvested as of August 1, 2021: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period July 22, 2021 (1) 122,477 61,237 $ 14.75 (6) 3 years July 22, 2021 (2) 21,900 10,950 $ 14.75 (6) 3 years July 18, 2019 (1) 93,653 5,749 $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 3,442 $ 18.49 (6) 3 years (1) Performance-based restricted stock units awarded to 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 of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of August 1, 2021. (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 senior executives on July 18, 2019. ( 6 ) Price per share represents the closing price of our common stock on the date of grant. The following table summarizes information related to our performance-based restricted stock units that vested during the three-month periods ending August 1, 2021, and August 2, 2020: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2022 (1) 6,734 $ 115 $ 17.14 Fiscal 2022 (2) 5,812 $ 100 $ 17.14 Fiscal 2021 (1) 3,277 $ 33 $ 9.96 Fiscal 2021 (2) 3,710 $ 37 $ 9.96 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (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 charge or a (credit) to compensation expense of $20,000 and $(11,000) within selling, general, and administrative expenses for the three-month periods ending August 1, 2021, and August 2, 2020, respectively. Compensation cost is recorded based on an assessment each reporting period to determine the probability of whether or not certain performance targets will be met and how many shares are expected to be earned 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 1, 2021, the remaining unrecognized compensation cost related to our performance-based restricted stock units was $1.1 million, which is expected to be recognized over a weighted average vesting period of 2.8 years. As of August 1, 2021, the performance-based restricted stock units that were expected to vest had a fair value totaling $1.1 million. Time-Based Restricted Stock Units The following table summarizes information related to our grants of time-based restricted stock unit awards associated with senior executives and key members of management that are unvested as of August 1, 2021: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period July 22, 2021 38,289 $ 14.75 3 years August 6, 2020 129,896 $ 11.01 3 years July 18, 2019 34,399 $ 18.49 3 years August 2, 2018 10,000 $ 24.35 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 $184,000 and $67,000 within selling, general, and administrative expenses associated with our time-based restricted stock unit awards for the three-month periods ending August 1, 2021, and August 2, 2020, respectively. As of August 1, 2021, the remaining unrecognized compensation cost related to our time-based restricted stock units was $1.8 million, which is expected to be recognized over a weighted average vesting period of 1.3 years. As of August 1, 2021, the time-based restricted stock units that are expected to vest had a fair value totaling $3.2 million. Common Stock Award We granted a total of 4,312 shares of common stock to our outside directors on July 1, 2021. These shares of common stock vested immediately and were measured at their fair value on the date of grant. The fair value of these awards was $16.24 per share on July 1, 2021, which represents the closing price of our common stock on the date of grant. 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 these awards was $10.00 per share on July 1, 2020 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 each of the three-month periods ending August 1, 2021, and August 2, 2020.

Leases

Leases	3 Months Ended
	Aug. 01, 2021
Assets And Liabilities Lessee [Abstract]
Leases	15. Leases Overview We lease manufacturing facilities, showroom and office space, distribution centers, and equipment under operating lease arrangements. Our operating leases have remaining lease terms of one to ten years, with renewal options for additional periods ranging up to twelve years. Balance Sheet The right of use assets and lease liabilities associated with our operating leases as of August 1, 2021, August 2, 2020, and May 2, 2021, are as follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Right of use assets $ 11,447 $ 6,443 $ 11,730 Operating lease liability - current 2,727 2,387 2,736 Operating lease liability – noncurrent 6,665 4,214 6,821 Supplemental Cash Flow Information Three Months Ended Three Months Ended (dollars in thousands) August 1, 2021 August 2, 2020 Operating lease liability payments $ 717 $ 445 Right of use assets exchanged for lease liabilities 547 3,154 Operating lease expense for the three-month periods ended August 1, 2021, and August 2, 2020, was $876,000 and $658,000, respectively. Short-term lease and variable lease expenses were immaterial for the three-month periods ended August 1, 2021, and August 2, 2020. Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2022, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2022 $ 2,098 2023 2,760 2024 2,458 2025 1,525 2026 272 Thereafter 617 $ 9,730 Less: interest (338 ) Present value of lease liabilities $ 9,392 As of August 1, 2021, the weighted average remaining lease term and discount rate for our operating leases follows: August 1, 2021 Weighted average lease term 3.9 years Weighted average discount rate 1.95 % Lease Contracts Culp Upholstery Fabrics – Haiti, Ltd. Effective April 9, 2021, we entered into an agreement to lease a 90,000 square foot facility located in a modern industrial park on the northeastern border of Haiti. This facility will be dedicated to the production of cut and sewn upholstery kits and is expected to be operational during the second quarter of fiscal 2022. The lease agreement has an initial non-cancelable lease term of eight years, which will commence after the construction of the facility has been completed, and at such time we will have control of the facility based on the terms of the lease. The rent payments for the initial term of the lease total $2.8 million and will be paid in advance of the commencement of the lease. Of the $2.8 million rent payments, $1.4 million was paid during April 2021, $558,000 was paid during July 2021, $418,500 is due August 30, 2021, and $418,500 is due October 30, 2021, or 30 days after commencement of the lease as defined in the agreement. As of August 1, 2021, the $2.0 million paid in April and July 2021 was classified as other assets in the accompanying Consolidated Balance Sheets. The initial non-cancelable term of the lease can be subsequently renewed and extended for successive eight-year High Point, NC – Design and Innovation Campus Effective May 7, 2021, we entered into an agreement to lease showroom and office space encompassing 21,000 square feet located in downtown High Point, NC. This facility will be used to advance synergies between our upholstery fabrics and mattress fabrics business segments by bringing our creative talent together to collaborate, develop new products through shared innovation and technology, and meet with new and existing customers. The lease agreement has an initial non-cancelable lease term of ten years, which will commence once certain lessor-owned leasehold improvements have been completed, and at such time we will have control of the facility based on the terms of the lease. The rent payments for the initial term of the lease total $2.2 million and will be paid in monthly installments beginning at the commencement of the lease, which is expected to occur near the end of the second quarter of fiscal 2022. The initial non-cancelable term of the lease can be subsequently renewed and extended up to four additional periods of three years each by written communication as defined in the lease agreement. As of August 1, 2021, we had a commitment for the construction of leasehold improvements associated with this lease totaling $865,000.

Commitments, Contingencies, and

Commitments, Contingencies, and Guarantees	3 Months Ended
	Aug. 01, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments, Contingencies, and Guarantees	16. Commitments, Contingencies, and Guarantees 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 1, 2021, August 2, 2020, and May 2, 2021, we had total amounts due regarding capital expenditures totaling $48,000, $333,000, and $348,000, respectively, which pertained to outstanding vendor invoices, none of which were financed. . Purchase Commitments – Capital Expenditures As of August 1, 2021, we had open purchase commitments to acquire equipment for our mattress fabrics segment totaling $1.2 million. Discontinued Operations Supply and Royalty Agreements In connection with the sale of our entire ownership interest in eLuxury, LLC (“eLuxury”) on March 31, 2020, 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 fabric products of the type we were supplying to eLuxury at the time of the sale transaction, as well as certain home accessories and soft good 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 as sales 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 customers 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 its business-to-business sales platform. During the three-month periods ending August 1, 2021, and August 2, 2020, shipments to eLuxury under the supply agreement totaled $43,000 and $244,000, respectively. During the three-month periods ending August 1, 2021, and August 2, 2020, we received payments pursuant to the royalty agreement totaling $14,000 and $17,000, respectively. 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. Following the sale transaction, eLuxury and its sole owner have indemnified us from any liabilities and obligations that we would be required to pay regarding this lease agreement.

Statutory Reserves

Statutory Reserves	3 Months Ended
	Aug. 01, 2021
Text Block [Abstract]
Statutory Reserves	17. Statutory Reserves Our subsidiary located in China was required to transfer 10% of its 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 reached 50% of the company’s registered capital. As of August 1, 2021, the statutory surplus reserve fund represents the 50% registered capital requirement, and therefore, our subsidiary located in China is no longer required to transfer 10% of its net income in accordance with PRC accounting rules and regulations. The transfer to this reserve must be made before distributions of any dividend to shareholders. As of August 1, 2021, the company’s statutory surplus reserve was $4.5 million. The statutory surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any. The statutory 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. The company’s subsidiary located in China can transfer funds to the parent company, except for the statutory surplus reserve of $4.5 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. 01, 2021
Text Block [Abstract]
Common Stock Repurchase Program	18. 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. During the first quarter of fiscal 2022, we repurchased 48,686 shares of our common stock at a cost of $723,000. As a result, as of August 1, 2021, we had $4.3 million available for additional repurchases of our common stock. During the first quarter of fiscal 2021, we did not repurchase any shares of our common stock.

Dividend Program

Dividend Program	3 Months Ended
	Aug. 01, 2021
Text Block [Abstract]
Dividend Program	19. Dividend Program On September 1, 2021, our board of directors approved a quarterly cash dividend of $0.11 per share. This payment will be made on October 18, 2021, to shareholders of record as of October 11, 2021. During the first quarter of fiscal 2022, dividend payments totaled $1.4 million, which represented a quarterly dividend payment of $0.11 per share. During the first quarter of fiscal 2021, dividend payments totaled $1.3 million, which represented a quarterly dividend payment of $0.105 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 will depend on our earnings, capital requirements, financial condition, excess availability under our lines of credit, market and economic conditions, and other factors we consider relevant.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Aug. 01, 2021
Accounting Policies [Abstract]
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Income Taxes In December 2019, the FASB issued ASU No. 2019-12, Income Taxes Simplifying the Accounting for Income Taxes Recently Issued Accounting Pronouncements Currently, there are no new recent accounting pronouncements that are expected to have a material impact on our consolidated financial statements.

Business Combination Achieved_2

Business Combination Achieved in Stages (Tables)	3 Months Ended
	Aug. 01, 2021
Schedule of Unaudited Pro Forma Consolidated Results of Operations	The following unaudited pro forma consolidated results of operations for the three-month periods ending August 1, 2021, and August 2, 2020, have been prepared as if this acquisition had occurred on April 29, 2019. (dollars in thousands, except per share data) August 1, 2021 August 2, 2020 Net Sales $ 83,047 $ 64,761 Income from operations 3,318 2,017 Net income (loss) 2,250 (2,666 ) Net income (loss) per share - basic $ 0.18 $ (0.22 ) Net income (loss) per share - diluted $ 0.18 $ (0.22 )
Summary of Equity Method Investment	The following table summarizes assets, liabilities, and members’ equity for our equity method investment in CIH: (dollars in thousands) August 2, 2020 total assets $ 3,668 total liabilities $ 149 total members’ equity $ 3,519
CIH [Member]
Schedule of Allocation of Consideration Transferred to Assets Acquired and Liabilities Assumed	The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values: (dollars in thousands) Fair Value Cash and cash equivalents $ 62 Accounts receivable 169 Inventory 31 Right of use assets 2,544 Equipment and leasehold improvements 846 Accounts payable (155 ) Gain on bargain purchase (819 ) $ 2,678

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	3 Months Ended
	Aug. 01, 2021
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 1, 2021 August 2, 2020 Beginning balance $ 591 $ 472 Provision for bad debts (11 ) 80 Ending balance $ 580 $ 552

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Aug. 01, 2021
Revenue From Contract With Customer [Abstract]
Summary of Activity Associated with Deferred Revenue	A summary of the activity associated with deferred revenue follows: Three months ended (dollars in thousands) August 1, 2021 August 2, 2020 Beginning balance $ 540 $ 502 Revenue recognized on contract liabilities (611 ) (593 ) Payments received for services not yet rendered 765 776 Ending balance $ 694 $ 685
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 1, 2021: Mattress Upholstery (dollars in thousands) Fabrics Fabrics Total Products transferred at a point in time $ 43,058 $ 38,290 $ 81,348 Services transferred over time — 1,699 1,699 Total Net Sales $ 43,058 $ 39,989 $ 83,047 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

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 01, 2021
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Raw materials $ 9,443 $ 7,742 $ 7,742 Work-in-process 3,637 2,292 3,156 Finished goods 45,533 30,368 45,019 $ 58,613 $ 40,402 $ 55,917

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Aug. 01, 2021
Summary of Intangible Assets	A summary of intangible assets follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Tradename $ 540 $ 540 $ 540 Customer relationships, net 1,862 2,162 1,937 Non-compete agreement, net 508 584 527 $ 2,910 $ 3,286 $ 3,004
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 1, 2021 August 2, 2020 Beginning balance $ 1,937 $ 2,238 Amortization expense (75 ) (76 ) Ending balance $ 1,862 $ 2,162
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 1, 2021 August 2, 2020 Beginning balance $ 527 $ 602 Amortization expense (19 ) (18 ) Ending balance $ 508 $ 584

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Aug. 01, 2021
Text Block [Abstract]
Summary of Accrued Expenses	A summary of accrued expenses follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Compensation, commissions and related benefits $ 5,006 $ 4,549 $ 9,816 Other accrued expenses 4,944 3,420 5,023 $ 9,950 $ 7,969 $ 14,839

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Aug. 01, 2021
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	The following tables present information about assets measured at fair value on a recurring basis: Fair value measurements as of August 1, 2021, 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: U.S. Government Money Market Fund $ 8,205 N/A N/A $ 8,205 Bond Mutual Funds 4,656 N/A N/A 4,656 Inflation Protected Bond Mutual Funds 2,979 N/A N/A 2,979 Mortgage Securities Mutual Funds 1,124 N/A N/A 1,124 Large Cap Equity Mutual Funds 708 N/A N/A 708 Growth Allocation Mutual Funds 419 N/A N/A 419 U.S. Event Driven Equity Mutual Fund 194 N/A N/A 194 Moderate Allocation Mutual Fund 91 N/A N/A 91 Other 163 N/A N/A 163 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 Bond Mutual Funds 983 N/A N/A 983 Growth Allocation Mutual Funds 246 N/A N/A 246 Moderate Allocation Mutual Fund 71 N/A N/A 71 Other 66 N/A N/A 66 Fair value measurements as of May 2, 2021, 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 $ 7,879 N/A N/A $ 7,879 Bond Mutual Funds 4,101 N/A N/A 4,101 Inflation Protected Bond Mutual Funds 722 N/A N/A 722 Mortgage Securities Mutual Fund 719 N/A N/A 719 Growth Allocation Mutual Funds 339 N/A N/A 339 Moderate Allocation Mutual Fund 86 N/A N/A 86 Other 111 N/A N/A 111
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis	During the three-month period ending May 2, 2021, we had assets and liabilities that were required to be measured at fair value on a nonrecurring basis that pertained to assets acquired and certain liabilities that were assumed in connection with the CIH business combination effective February 1, 2021. See Note 3 of the consolidated financial statements for further details regarding this business combination. Fair value measurements as of May 2, 2021, 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: Right of use assets N/A 2,544 N/A $ 2,544 Equipment and leasehold improvements N/A N/A 846 846 Inventory N/A N/A 31 31

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	3 Months Ended
	Aug. 01, 2021
Earnings Per Share [Abstract]
Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net Income (Loss) Per Share	Weighted average shares used in the computation of basic and diluted net income (loss) per share are as follows: Three months ended (amounts in thousands) August 1, 2021 August 2, 2020 Weighted average common shares outstanding, basic 12,313 12,287 Dilutive effect of stock-based compensation 102 — Weighted average common shares outstanding, diluted 12,415 12,287

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Aug. 01, 2021
Segment Reporting [Abstract]
Schedule of Operating Segments Information	Statements of operations for our operating segments are as follows: Three months ended August 1, 2021 August 2, 2020 net sales by segment: mattress fabrics $ 43,058 $ 36,103 upholstery fabrics 39,989 28,361 net sales $ 83,047 $ 64,464 gross profit: mattress fabrics $ 6,795 $ 4,608 upholstery fabrics 5,704 5,293 gross profit $ 12,499 $ 9,901 selling, general, and administrative expenses by segment: mattress fabrics $ 3,184 $ 2,763 upholstery fabrics 3,437 3,180 unallocated corporate expenses 2,560 2,075 selling, general, and administrative expenses $ 9,181 $ 8,018 income (loss) from operations by segment: mattress fabrics $ 3,611 $ 1,845 upholstery fabrics 2,267 2,113 unallocated corporate expenses (2,560 ) (2,075 ) income from operations 3,318 1,883 interest expense — (51 ) interest income 74 58 other expense (237 ) (366 ) income before income taxes $ 3,155 $ 1,524 Balance sheet information for our operating segments follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Segment assets: Mattress Fabrics: Accounts receivable $ 18,016 $ 15,585 $ 20,427 Inventory 31,778 20,070 30,047 Property, plant and equipment (1) 40,881 39,597 41,264 Right of use assets (2) 4,058 832 4,278 Investment in unconsolidated joint venture — 1,759 — Total mattress fabrics assets 94,733 77,843 96,016 Upholstery Fabrics: Accounts receivable 16,992 14,308 17,299 Inventory 26,835 20,332 25,870 Property, plant and equipment (3) 2,080 1,634 1,925 Right of use assets (4) 5,984 3,802 5,945 Total upholstery fabrics assets 51,891 40,076 51,039 Total segment assets 146,624 117,919 147,055 Non-segment assets: Cash and cash equivalents 26,061 39,986 37,009 Short-term investments - available for sale 9,698 983 5,542 Short-term investments - held-to-maturity 1,661 5,092 3,161 Current income taxes receivable 524 782 — Other current assets 3,889 3,547 3,852 Deferred income taxes 455 593 545 Property, plant and equipment (5) 969 820 814 Right of use assets (6) 1,405 1,809 1,507 Intangible assets 2,910 3,286 3,004 Long-term investments - rabbi trust 8,841 7,916 8,415 Long-term investments - held-to-maturity 6,629 1,314 1,141 Other assets 2,582 540 2,035 Total assets $ 212,248 $ 184,587 $ 214,080 Three months ended (dollars in thousands) August 1, 2021 August 2, 2020 Capital expenditures (7): Mattress Fabrics $ 1,117 $ 545 Upholstery Fabrics 262 113 Unallocated Corporate 274 68 Total capital expenditures $ 1,653 $ 726 Depreciation expense: Mattress Fabrics $ 1,521 $ 1,631 Upholstery Fabrics 205 191 Total depreciation expense $ 1,726 $ 1,822 (1) The $40.9 million as of August 1, 2021, represents property, plant, and equipment of $27.6 million, $12.4 million, and $875,000 located in the U.S., Canada, and Haiti, respectively. 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 $41.3 million as of May 2, 2021, represents property, plant, and equipment of $28.4 million, $12.0 million, and $855,000 located in the U.S., Canada, and Haiti, respectively. (2) The $4.1 million as of August 1, 2021, represents right of use assets of $2.3 million, $1.4 million, and $355,000 located in Haiti, the U.S., and Canada, respectively. The $832,000 as of August 2, 2020, represents right of use assets of $535,000 and $297,000 located in Canada and the U.S., respectively. The $4.3 million as of May 2, 2021, represents right of use assets of $2.4 million, $1.4 million, and $400,000 located in Haiti, the U.S., and Canada, respectively. (3) The $2.1 million as of August 1, 2021, represents property, plant, and equipment of $1.1 million, $830,000, and $130,000 located in the U.S., China, and Haiti, respectively. The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456,000 located in the U.S. and China, respectively. The $1.9 million as of May 2, 2021, represents property, plant, and equipment of $1.1 million and $850,000 located in the U.S. and China, respectively. (4) The $ 6.0 million as of August 1 , 202 1 , represents right of use assets of $ 4.6 million and $ million located in China and the U.S., respectively. The $ 3.8 million a s of August 2 , 20 20 , represents right of use assets of $ 3.1 million and $ located in China and the U.S., respectively . The $ 5.9 million as of May 2 , 202 1 , represents right of use assets of $ 5.0 million and $ 952,000 located in China and the U.S. , respectively . (5) The $969,000, $820,000, and $814,000 as of August 1, 2021, August 2, 2020, and May 2, 2021, 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 $1.4 million, $1.8 million, and $1.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively, represent 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. 01, 2021
Income Tax Disclosure [Abstract]
Summary of Differences in Income Tax Expense at Federal Income Tax Rate and Effective Income Tax Rate	The following schedule summarizes the principal differences between income tax expense at the U.S. federal income tax rate and the effective income tax rate reflected in the consolidated financial statements for the three-month periods ending August 1, 2021, and August 2, 2020: August 1, August 2, 2021 2020 U.S. federal income tax rate 21.0 % 21.0 % U.S. valuation allowance (3.9 ) 474.4 U.S. income tax law change — (232.5 ) Withholding taxes associated with foreign jurisdictions 6.2 10.1 Foreign income tax rate differential 1.6 9.1 Global Intangible Low Taxed Income Tax ("GILTI") 3.4 — Other 0.4 1.6 28.7 % 283.7 %
Summary of Valuation Allowances Against Net Deferred Income Taxes	Based on our assessments as of August 1, 2021, August 2, 2020, and May 2, 2021, valuation allowances against our net deferred income taxes pertain to the following: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 U.S. federal and state net deferred income tax assets $ 9,221 7,830 9,344 U.S. capital loss carryforward 2,330 2,281 2,330 $ 11,551 10,111 11,674
Summary of Taxes Paid (Refunded)	The following table sets forth taxes paid (refunded) by jurisdiction: Three Months Ended August 1, August 2, (dollars in thousands) 2021 2020 United States Federal - Alternative Minimum Tax (AMT) credit refunds (1) $ — $ (745 ) China 1,408 349 Canada 280 405 $ 1,688 $ 9 (1) In accordance with the provisions of the TCJA, 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 received during the first quarter of fiscal 2021, with the remaining balance expected to be received in fiscal 2022. In accordance with the provisions of the U.S. federal Coronavirus Aid, Relief, and Economic Security (CARES) Act (2020), 100 % of AMT credit carryforwards for 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.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Aug. 01, 2021
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 1, 2021, and August 2, 2020: Performance-Based (4) Restricted Stock (3) Price Fiscal Year Units Vested Fair Value Per Share Fiscal 2022 (1) 6,734 $ 115 $ 17.14 Fiscal 2022 (2) 5,812 $ 100 $ 17.14 Fiscal 2021 (1) 3,277 $ 33 $ 9.96 Fiscal 2021 (2) 3,710 $ 37 $ 9.96 (1) Performance-based restricted stock units vested by senior executives. (2) Performance-based restricted stock units vested by key employees. (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 senior executives and key employees that are unvested as of August 1, 2021: (3) (4) Performance-Based Restricted Stock Restricted Stock Units Expected Date of Grant Units Awarded to Vest Price Per Share Vesting Period July 22, 2021 (1) 122,477 61,237 $ 14.75 (6) 3 years July 22, 2021 (2) 21,900 10,950 $ 14.75 (6) 3 years July 18, 2019 (1) 93,653 5,749 $ 19.04 (5) 3 years July 18, 2019 (2) 29,227 3,442 $ 18.49 (6) 3 years (1) Performance-based restricted stock units awarded to 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 of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of August 1, 2021. (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 senior executives on July 18, 2019. ( 6 ) 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 senior executives and key members of management that are unvested as of August 1, 2021: Time-Based Restricted Stock (1) Date of Grant Units Awarded Price Per Share Vesting Period July 22, 2021 38,289 $ 14.75 3 years August 6, 2020 129,896 $ 11.01 3 years July 18, 2019 34,399 $ 18.49 3 years August 2, 2018 10,000 $ 24.35 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. 01, 2021
Assets And Liabilities Lessee [Abstract]
Summary of right of use assets and lease liabilities	The right of use assets and lease liabilities associated with our operating leases as of August 1, 2021, August 2, 2020, and May 2, 2021, are as follows: (dollars in thousands) August 1, 2021 August 2, 2020 May 2, 2021 Right of use assets $ 11,447 $ 6,443 $ 11,730 Operating lease liability - current 2,727 2,387 2,736 Operating lease liability – noncurrent 6,665 4,214 6,821
Supplemental Cash Flow Information	Supplemental Cash Flow Information Three Months Ended Three Months Ended (dollars in thousands) August 1, 2021 August 2, 2020 Operating lease liability payments $ 717 $ 445 Right of use assets exchanged for lease liabilities 547 3,154
Leases-Other Information	Other Information Maturity of our operating lease liabilities for the remainder of fiscal 2022, the subsequent next four fiscal years, and thereafter follows: (dollars in thousands) 2022 $ 2,098 2023 2,760 2024 2,458 2025 1,525 2026 272 Thereafter 617 $ 9,730 Less: interest (338 ) Present value of lease liabilities $ 9,392
Summary of weighted average remaining lease term and discount rate	As of August 1, 2021, the weighted average remaining lease term and discount rate for our operating leases follows: August 1, 2021 Weighted average lease term 3.9 years Weighted average discount rate 1.95 %

Business Combination Achieved_3

Business Combination Achieved in Stages - Narrative (Detail)	Feb. 01, 2021USD ($)ft²	Aug. 01, 2021USD ($)	Aug. 02, 2020USD ($)	Jan. 01, 2017
Business Acquisition [Line Items]
Equity method investment, ownership percentage			50.00%
Net sales related to inventory shipments in supply agreement		$ 455,000
Charges related to rebate agreement		$ 21,000
Income from investment in unconsolidated joint venture			$ 67,000
Proportionate share			50.00%
Investment in unconsolidated joint venture			$ 1,759,000
CIH [Member]
Business Acquisition [Line Items]
Equity method investment, ownership percentage				50.00%
Acquisition of additional ownership percentage	50.00%
Area of additional plant facility | ft²	120,000
Date of acquisition	Feb. 1, 2021
Consideration transferred	$ 2,700,000
Payment for acquisition	954,000
Fair value of previously held ownership interest	$ 1,700,000
Majority ownership percentage acquired	100.00%
Gain loss on remeasurement of previously held ownership interest	$ 0
Fair value of the identifiable assets acquired, and liabilities assumed	2,678,000
Proportionate share				50.00%
CIH [Member] | Mattress Fabrics [Member]
Business Acquisition [Line Items]
Consideration transferred	2,700,000
Fair value of the identifiable assets acquired, and liabilities assumed	$ 3,500,000
CIH [Member] | Minimum [Member] | Equipment and Leasehold Improvements [Member]
Business Acquisition [Line Items]
Property, plant and equipment, remaining useful life		1 year
CIH [Member] | Maximum [Member] | Equipment and Leasehold Improvements [Member]
Business Acquisition [Line Items]
Property, plant and equipment, remaining useful life		10 years

Business Combination Achieved_4

Business Combination Achieved in Stages - Schedule of Allocation of Consideration Transferred to Assets Acquired And Liabilities Assumed (Detail) - CIH [Member] $ in Thousands	Feb. 01, 2021USD ($)
Business Acquisition [Line Items]
Cash and cash equivalents	$ 62
Accounts receivable	169
Inventory	31
Right of use assets	2,544
Equipment and leasehold improvements	846
Accounts payable	(155)
Gain on bargain purchase	(819)
Assets acquired and liabilities assumed, net	$ 2,678

Business Combination Achieved_5

Business Combination Achieved in Stages - Schedule of Unaudited Pro Forma Consolidated Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Business Combinations [Abstract]
Net Sales	$ 83,047	$ 64,761
Income from operations	3,318	2,017
Net income (loss)	$ 2,250	$ (2,666)
Net income (loss) per share - basic	$ 0.18	$ (0.22)
Net income (loss) per share - diluted	$ 0.18	$ (0.22)

Business Combination Achieved_6

Business Combination Achieved in Stages - Summary of Equity Method Investment (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021	[1]	Aug. 02, 2020	May 03, 2020	[1]
Business Acquisition [Line Items]
total assets	$ 212,248	$ 214,080		$ 184,587
total liabilities	82,699	85,074		58,718
total members’ equity	$ 129,549	$ 129,006		125,869	$ 129,698
CIH [Member]
Business Acquisition [Line Items]
total assets				3,668
total liabilities				149
total members’ equity				$ 3,519
[1]	Derived from audited financial statements.

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 ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning balance	$ 591,000	$ 472,000
Provision for bad debts	(11,000)	80,000
Ending balance	$ 580,000	$ 552,000

Allowance for Doubtful Accoun_4

Allowance for Doubtful Accounts - Narrative (Detail) - USD ($)	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020	May 03, 2020
Allowance for doubtful accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Allowance for doubtful accounts	$ 580,000	$ 591,000	$ 552,000	$ 472,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Detail)	3 Months Ended
	Aug. 01, 2021USD ($)Segment	May 02, 2021USD ($)	Aug. 02, 2020USD ($)
Contract Assets and Liabilities [Line Items]
Number of operating segments | Segment	2
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

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. 01, 2021		Aug. 02, 2020
Revenue From Contract With Customer [Abstract]
Beginning balance	$ 540	[1]	$ 502
Revenue recognized on contract liabilities	(611)		(593)
Payments received for services not yet rendered	765		776
Ending balance	$ 694		$ 685
[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. 01, 2021	Aug. 02, 2020
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 83,047	$ 64,464
Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	81,348	62,164
Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	1,699	2,300
Mattress Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	43,058	36,103
Mattress Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	43,058	36,103
Upholstery Fabrics [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	39,989	28,361
Upholstery Fabrics [Member] | Transferred at Point in Time [Member] | Product [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	38,290	26,061
Upholstery Fabrics [Member] | Transferred over Time [Member] | Services [Member]
Disaggregation of Revenue [Line Items]
Total Net Sales	$ 1,699	$ 2,300

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021		Aug. 02, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 9,443	$ 7,742		$ 7,742
Work-in-process	3,637	3,156		2,292
Finished goods	45,533	45,019		30,368
Inventories	$ 58,613	$ 55,917	[1]	$ 40,402
[1]	Derived from audited financial statements.

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets (Detail) - USD ($)	Aug. 01, 2021	May 02, 2021		Aug. 02, 2020	May 03, 2020
Intangible Assets [Line Items]
Tradename	$ 540,000	$ 540,000		$ 540,000
Intangible assets	2,910,000	3,004,000	[1]	3,286,000
Customer Relationships [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	1,862,000	1,937,000		2,162,000	$ 2,238,000
Non-Compete Agreement [Member]
Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 508,000	$ 527,000		$ 584,000	$ 602,000
[1]	Derived from audited financial statements.

Intangible Assets - Narrative (

Intangible Assets - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
Intangible Assets [Line Items]
Tradename	$ 540,000	$ 540,000	$ 540,000
Asset impairment charges	0
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	1,300,000	1,200,000	953,000
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	$ 432,000
Weighted average remaining amortization period	6 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	$ 1,600,000	$ 1,500,000	$ 1,500,000
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	$ 148,000
Weighted average remaining amortization period	6 years 9 months 18 days

Intangible Assets - Summary o_2

Intangible Assets - Summary of Change in Carrying Amount of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	$ 1,937	$ 2,238
Amortization expense	(75)	(76)
Ending balance	1,862	2,162
Non-Compete Agreement [Member]
Finite Lived Intangible Assets [Line Items]
Beginning balance	527	602
Amortization expense	(19)	(18)
Ending balance	$ 508	$ 584

Accrued Expenses - Summary of A

Accrued Expenses - Summary of Accrued Expenses (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
Payables And Accruals [Abstract]
Compensation, commissions and related benefits	$ 5,006	$ 9,816	$ 4,549
Other accrued expenses	4,944	5,023	3,420
Accrued expenses	$ 9,950	$ 14,839	$ 7,969

Accrued Expenses - Narrative (D

Accrued Expenses - Narrative (Detail) - USD ($)	Aug. 01, 2021	May 02, 2021		Aug. 02, 2020
Payables And Accruals [Abstract]
Accrued expenses	$ 9,950,000	$ 14,839,000		$ 7,969,000
Current accrued expenses	$ 9,950,000	$ 14,839,000	[1]	7,852,000
Long-term accrued expenses				$ 117,000
[1]	Derived from audited financial statements.

Lines of Credit - Narrative (De

Lines of Credit - Narrative (Detail)	Aug. 30, 2021USD ($)	Aug. 01, 2021USD ($)	Aug. 02, 2020USD ($)	May 02, 2021USD ($)	Aug. 01, 2021CNY (¥)
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		1.69%	1.75%	1.71%	1.69%
Interest rate description		Interest is charged at a rate calculated using 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%
Letters of credit, outstanding amount		$ 275,000	$ 250,000	$ 275,000
Outstanding amount		0	0	0
Interest paid during the year		0	60,000
Revolving Credit Facility [Member] | United States [Member] | Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Remaining letters of credit		725,000
Revolving credit agreements [Member] | China [Member] | Chinese Yuan Renminbi [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity		$ 6,200,000			¥ 40,000,000
Expiration date		Dec. 1, 2021
Interest rate description		This agreement has an interest rate determined by the Chinese government at the time of borrowing
Outstanding amount		$ 0	0	0
Revolving credit agreements [Member] | China [Member] | United States Dollar [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity				$ 2,000,000
Expiration date				Jul. 7, 2021
Interest rate description		The interest rate regarding this agreement is determined by the Chinese government at the time of the borrowing.
Outstanding amount		$ 0	$ 0	$ 0
Revolving credit agreements [Member] | China [Member] | United States Dollar [Member] | Subsequent Event [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity	$ 2,000,000
Expiration date	Aug. 30, 2022

Fair Value - Recurring Basis (D

Fair Value - Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	$ 8,205
Premier Money Market Fund [Member]
Assets:
Investments at fair value		$ 7,879	$ 7,533
Bond Mutual Funds [Member]
Assets:
Investments at fair value	4,656	4,101	983
Inflation Protected Bond Mutual Funds [Member]
Assets:
Investments at fair value	2,979	722
Mortgage Securities Mutual Funds [Member]
Assets:
Investments at fair value	1,124	719
Large Cap Equity Mutual Funds [Member]
Assets:
Investments at fair value	708
Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	419	339	246
U.S. Event Driven Equity Mutual Fund [Member]
Assets:
Investments at fair value	194
Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	91	86	71
Other [Member]
Assets:
Investments at fair value	163	111	66
Quoted prices in active markets for identical assets - Level 1 [Member] | U.S. Government Money Market Fund [Member]
Assets:
Investments at fair value	8,205
Quoted prices in active markets for identical assets - Level 1 [Member] | Premier Money Market Fund [Member]
Assets:
Investments at fair value		7,879	7,533
Quoted prices in active markets for identical assets - Level 1 [Member] | Bond Mutual Funds [Member]
Assets:
Investments at fair value	4,656	4,101	983
Quoted prices in active markets for identical assets - Level 1 [Member] | Inflation Protected Bond Mutual Funds [Member]
Assets:
Investments at fair value	2,979	722
Quoted prices in active markets for identical assets - Level 1 [Member] | Mortgage Securities Mutual Funds [Member]
Assets:
Investments at fair value	1,124	719
Quoted prices in active markets for identical assets - Level 1 [Member] | Large Cap Equity Mutual Funds [Member]
Assets:
Investments at fair value	708
Quoted prices in active markets for identical assets - Level 1 [Member] | Growth Allocation Mutual Funds [Member]
Assets:
Investments at fair value	419	339	246
Quoted prices in active markets for identical assets - Level 1 [Member] | U.S. Event Driven Equity Mutual Fund [Member]
Assets:
Investments at fair value	194
Quoted prices in active markets for identical assets - Level 1 [Member] | Moderate Allocation Mutual Fund [Member]
Assets:
Investments at fair value	91	86	71
Quoted prices in active markets for identical assets - Level 1 [Member] | Other [Member]
Assets:
Investments at fair value	$ 163	$ 111	$ 66

Fair Value - Narrative (Detail)

Fair Value - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	May 02, 2021		Aug. 02, 2020
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Short-term investments - available for sale	$ 9,700,000	$ 5,500,000		$ 983,000
Amortized cost of held-to-maturity investments	8,300,000	4,300,000		6,400,000
Fair value of held-to-maturity investments	8,300,000	4,300,000		6,500,000
Long-term investments (Rabbi Trust) - available for sale	$ 8,841,000	8,415,000	[1]	7,916,000
Maximum [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment remaining maturity period	4 years
Short-term Investments [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain on investments	$ 143,000	24,000		6,000
Current Expected Credit Loses [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain on investments	143,000
Allowance for credit losses related to short-term available for sale or held-to-maturity investments	0	0		0
Credit loss expense	0
Long-term Investments (Rabbi Trust) [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Accumulated unrealized gain on investments	$ 151,000	$ 122,000		$ 53,000
[1]	Derived from audited financial statements.

Fair Value - Nonrecurring Basis

Fair Value - Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring [Member] - CIH [Member] $ in Thousands	May 02, 2021USD ($)
Assets:
Right of use assets	$ 2,544
Equipment and leasehold improvements	846
Inventory	31
Significant Other Observable Inputs - Level 2 [Member]
Assets:
Right of use assets	2,544
Significant Unobservable Inputs - Level 3 [Member]
Assets:
Equipment and leasehold improvements	846
Inventory	$ 31

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Schedule of Weighted Average Shares Used in the Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - shares shares in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Earnings Per Share [Abstract]
Weighted average common shares outstanding, basic	12,313	12,287
Dilutive effect of stock-based compensation	102
Weighted average common shares outstanding, diluted	12,415	12,287

Net Income (Loss) Per Share - N

Net Income (Loss) Per Share - Narrative (Detail) - Common Stock Awards [Member]	3 Months Ended
	Aug. 02, 2020shares
Antidilutive securities due to decrease in stock price excluded from computation of loss per share	27,153
Shares excluded from computation of diluted net loss per share	33,828
Shares excluded from computation of diluted net loss per share	6,675

Segment Information - Narrative

Segment Information - Narrative (Detail)	3 Months Ended
	Aug. 01, 2021Segment
Segment Reporting [Abstract]
Number of operating segments	2
Description of changes in reporting intangible assets in segment assets	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 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. 01, 2021	Aug. 02, 2020
Segment Reporting Information [Line Items]
net sales	$ 83,047	$ 64,464
gross profit	12,499	9,901
selling, general, and administrative expenses	9,181	8,018
income from operations	3,318	1,883
interest expense		(51)
interest income	74	58
other expense	(237)	(366)
income before income taxes	3,155	1,524
Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	43,058	36,103
Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	39,989	28,361
Operating Segments [Member]
Segment Reporting Information [Line Items]
net sales	83,047	64,464
selling, general, and administrative expenses	9,181	8,018
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	43,058	36,103
gross profit	6,795	4,608
selling, general, and administrative expenses	3,184	2,763
income from operations	3,611	1,845
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
net sales	39,989	28,361
gross profit	5,704	5,293
selling, general, and administrative expenses	3,437	3,180
income from operations	2,267	2,113
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
selling, general, and administrative expenses	2,560	2,075
income from operations	$ (2,560)	$ (2,075)

Segment Information - Balance S

Segment Information - Balance Sheet Information by Operating Segments (Detail) - USD ($)		3 Months Ended
		Aug. 01, 2021	Aug. 02, 2020	May 02, 2021
Segment Reporting Information [Line Items]
Accounts receivable		$ 35,008,000	$ 29,893,000	$ 37,726,000	[1]
Inventory		58,613,000	40,402,000	55,917,000	[1]
Cash and cash equivalents		26,061,000	39,986,000	37,009,000	[1]
Short-term investments - available for sale		9,698,000	983,000	5,542,000	[1]
Short-term investments - held-to-maturity		1,661,000	5,092,000	3,161,000	[1]
Current income taxes receivable		524,000	782,000
Other current assets		3,889,000	3,547,000	3,852,000	[1]
Deferred income taxes		455,000	593,000	545,000	[1]
Property, plant and equipment		43,930,000	42,051,000	44,003,000	[1]
Right of use assets		11,447,000	6,443,000	11,730,000	[1]
Intangible assets		2,910,000	3,286,000	3,004,000	[1]
Long-term investments - rabbi trust		8,841,000	7,916,000	8,415,000	[1]
Long-term investments - held-to-maturity		6,629,000	1,314,000	1,141,000	[1]
Other assets		2,582,000	540,000	2,035,000	[1]
Investment in unconsolidated joint venture			1,759,000
Total assets		212,248,000	184,587,000	214,080,000	[1]
Capital expenditures	[2]	1,653,000	726,000
Depreciation expense		1,726,000	1,822,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total assets		146,624,000	117,919,000	147,055,000
Depreciation expense		1,726,000	1,822,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		18,016,000	15,585,000	20,427,000
Inventory		31,778,000	20,070,000	30,047,000
Property, plant and equipment	[3]	40,881,000	39,597,000	41,264,000
Right of use assets	[4]	4,058,000	832,000	4,278,000
Investment in unconsolidated joint venture			1,759,000
Total assets		94,733,000	77,843,000	96,016,000
Capital expenditures	[2]	1,117,000	545,000
Depreciation expense		1,521,000	1,631,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
Accounts receivable		16,992,000	14,308,000	17,299,000
Inventory		26,835,000	20,332,000	25,870,000
Property, plant and equipment	[5]	2,080,000	1,634,000	1,925,000
Right of use assets	[6]	5,984,000	3,802,000	5,945,000
Total assets		51,891,000	40,076,000	51,039,000
Capital expenditures	[2]	262,000	113,000
Depreciation expense		205,000	191,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents		26,061,000	39,986,000	37,009,000
Short-term investments - available for sale		9,698,000	983,000	5,542,000
Short-term investments - held-to-maturity		1,661,000	5,092,000	3,161,000
Current income taxes receivable		524,000	782,000
Other current assets		3,889,000	3,547,000	3,852,000
Deferred income taxes		455,000	593,000	545,000
Property, plant and equipment	[7]	969,000	820,000	814,000
Right of use assets	[8]	1,405,000	1,809,000	1,507,000
Intangible assets		2,910,000	3,286,000	3,004,000
Long-term investments - rabbi trust		8,841,000	7,916,000	8,415,000
Long-term investments - held-to-maturity		6,629,000	1,314,000	1,141,000
Other assets		2,582,000	540,000	2,035,000
Total assets		212,248,000	184,587,000	$ 214,080,000
Capital expenditures	[2]	$ 274,000	$ 68,000
[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 $40.9 million as of August 1, 2021, represents property, plant, and equipment of $27.6 million, $12.4 million, and $875,000 located in the U.S., Canada, and Haiti, respectively. 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 $41.3 million as of May 2, 2021, represents property, plant, and equipment of $28.4 million, $12.0 million, and $855,000 located in the U.S., Canada, and Haiti, respectively.
[4]	The $4.1 million as of August 1, 2021, represents right of use assets of $2.3 million, $1.4 million, and $355,000 located in Haiti, the U.S., and Canada, respectively.  The $832,000 as of August 2, 2020, represents right of use assets of $535,000 and $297,000 located in Canada and the U.S., respectively.  The $4.3 million as of May 2, 2021, represents right of use assets of $2.4 million, $1.4 million, and $400,000 located in Haiti, the U.S., and Canada, respectively.
[5]	The $2.1 million as of August 1, 2021, represents property, plant, and equipment of $1.1 million, $830,000, and $130,000 located in the U.S., China, and Haiti, respectively. The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456,000 located in the U.S. and China, respectively.   The $1.9 million as of May 2, 2021, represents property, plant, and equipment of $1.1 million and $850,000 located in the U.S. and China, respectively.
[6]	The $ 6.0 million as of August 1 , 202 1 , represents right of use assets of $ 4.6 million and $ million located in China and the U.S., respectively. The $ 3.8 million a s of August 2 , 20 20 , represents right of use assets of $ 3.1 million and $ located in China and the U.S., respectively . The $ 5.9 million as of May 2 , 202 1 , represents right of use assets of $ 5.0 million and $ 952,000 located in China and the U.S. , respectively .
[7]	The $969,000, $820,000, and $814,000 as of August 1, 2021, August 2, 2020, and May 2, 2021, 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 $1.4 million, $1.8 million, and $1.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively, represent right of use assets located in the U.S.

Segment Information - Balance_2

Segment Information - Balance Sheet Information by Operating Segments (Parenthetical) (Detail) - USD ($)		Aug. 01, 2021	May 02, 2021		Aug. 02, 2020
Segment Reporting Information [Line Items]
property, plant, and equipment		$ 43,930,000	$ 44,003,000	[1]	$ 42,051,000
Right of use assets		11,447,000	11,730,000	[1]	6,443,000
Operating Segments [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[2]	40,881,000	41,264,000		39,597,000
Right of use assets	[3]	4,058,000	4,278,000		832,000
Operating Segments [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[4]	2,080,000	1,925,000		1,634,000
Right of use assets	[5]	5,984,000	5,945,000		3,802,000
Operating Segments [Member] | United States [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		27,600,000	28,400,000		27,000,000
Right of use assets		1,400,000	1,400,000		297,000
Operating Segments [Member] | United States [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		1,100,000	1,100,000		1,200,000
Right of use assets		1,400,000	952,000		710,000
Operating Segments [Member] | Canada [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		12,400,000	12,000,000		12,600,000
Right of use assets		355,000	400,000		535,000
Operating Segments [Member] | Haiti [Member] | Mattress Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		875,000	855,000
Right of use assets		2,300,000	2,400,000
Operating Segments [Member] | Haiti [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		130,000
Operating Segments [Member] | China [Member] | Upholstery Fabrics [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		830,000	850,000		456,000
Right of use assets		4,600,000	5,000,000		3,100,000
Unallocated Corporate [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment	[6]	969,000	814,000		820,000
Right of use assets	[7]	1,405,000	1,507,000		1,809,000
Unallocated Corporate [Member] | United States [Member]
Segment Reporting Information [Line Items]
property, plant, and equipment		969,000	814,000		820,000
Right of use assets		$ 1,400,000	$ 1,500,000		$ 1,800,000
[1]	Derived from audited financial statements.
[2]	The $40.9 million as of August 1, 2021, represents property, plant, and equipment of $27.6 million, $12.4 million, and $875,000 located in the U.S., Canada, and Haiti, respectively. 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 $41.3 million as of May 2, 2021, represents property, plant, and equipment of $28.4 million, $12.0 million, and $855,000 located in the U.S., Canada, and Haiti, respectively.
[3]	The $4.1 million as of August 1, 2021, represents right of use assets of $2.3 million, $1.4 million, and $355,000 located in Haiti, the U.S., and Canada, respectively.  The $832,000 as of August 2, 2020, represents right of use assets of $535,000 and $297,000 located in Canada and the U.S., respectively.  The $4.3 million as of May 2, 2021, represents right of use assets of $2.4 million, $1.4 million, and $400,000 located in Haiti, the U.S., and Canada, respectively.
[4]	The $2.1 million as of August 1, 2021, represents property, plant, and equipment of $1.1 million, $830,000, and $130,000 located in the U.S., China, and Haiti, respectively. The $1.6 million as of August 2, 2020, represents property, plant, and equipment of $1.2 million and $456,000 located in the U.S. and China, respectively.   The $1.9 million as of May 2, 2021, represents property, plant, and equipment of $1.1 million and $850,000 located in the U.S. and China, respectively.
[5]	The $ 6.0 million as of August 1 , 202 1 , represents right of use assets of $ 4.6 million and $ million located in China and the U.S., respectively. The $ 3.8 million a s of August 2 , 20 20 , represents right of use assets of $ 3.1 million and $ located in China and the U.S., respectively . The $ 5.9 million as of May 2 , 202 1 , represents right of use assets of $ 5.0 million and $ 952,000 located in China and the U.S. , respectively .
[6]	The $969,000, $820,000, and $814,000 as of August 1, 2021, August 2, 2020, and May 2, 2021, 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 $1.4 million, $1.8 million, and $1.5 million as of August 1, 2021, August 2, 2020, and May 2, 2021, respectively, represent right of use assets located in the U.S.

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Income Tax Disclosure [Abstract]
Income taxes	$ 905,000	$ 4,324,000
Effective income tax rate	28.70%	283.70%

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. 01, 2021	Aug. 02, 2020
Income Tax Disclosure [Abstract]
U.S. federal income tax rate	21.00%	21.00%
U.S. valuation allowance	(3.90%)	474.40%
U.S. income tax law change		(232.50%)
Withholding taxes associated with foreign jurisdictions	6.20%	10.10%
Foreign income tax rate differential	1.60%	9.10%
Global Intangible Low Taxed Income Tax ("GILTI")	3.40%
Other	0.40%	1.60%
Effective income tax rate	28.70%	283.70%

Income Taxes - GILTI - Narrativ

Income Taxes - GILTI - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	May 02, 2021	May 03, 2020	Apr. 28, 2019
Income Taxes [Line Items]
U.S. Federal income tax rate	21.00%	21.00%
Effective income tax rate	28.70%	283.70%
GILTI [Member]
Income Taxes [Line Items]
Non-cash income tax benefit		$ 3.5		$ 3.5	$ 3.5
GILTI [Member] | Canada [Member]
Income Taxes [Line Items]
Minimum effective income tax rate required to meet the high-tax exception provision	18.90%
GILTI [Member] | Haiti [Member]
Income Taxes [Line Items]
Effective income tax rate	0.00%
Minimum effective income tax rate required to meet the high-tax exception provision	18.90%
GILTI [Member] | Haiti [Member] | Economic Zone [Member]
Income Taxes [Line Items]
Effective income tax rate	0.00%
Income tax rate exemption for available period	first fifteen years
Income tax rate exemption for remaining period	10 years
GILTI [Member] | High Tax Exception [Member]
Income Taxes [Line Items]
Minimum percentage of high tax exception foreign effective income tax rate to current year earnings of us federal income tax rate	90.00%	90.00%	90.00%	90.00%	90.00%
U.S. Federal income tax rate	21.00%	21.00%	21.00%	21.00%	21.00%
Effective income tax rate	18.90%	18.90%	18.90%	18.90%	18.90%

Income Taxes - Valuation Allowa

Income Taxes - Valuation Allowance - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Income Taxes [Line Items]
Income tax charge	$ 905,000	$ 4,324,000
Valuation Allowance, Net Deferred Tax Assets [Member] | GILTI [Member]
Income Taxes [Line Items]
Income tax charge		$ 7,000,000

Income Taxes - Summary of Valua

Income Taxes - Summary of Valuation Allowances Against Net Deferred Income Taxes (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
Valuation Allowance [Line Items]
Valuation allowance	$ 11,551	$ 11,674	$ 10,111
Capital Loss Carry Forwards and Credits [Member]
Valuation Allowance [Line Items]
Valuation allowance	2,330	2,330	2,281
U.S. Federal and State [Member] | Deferred Income Tax Assets [Member]
Valuation Allowance [Line Items]
Valuation allowance	$ 9,221	$ 9,344	$ 7,830

Income Taxes - Undistributed Ea

Income Taxes - Undistributed Earnings - Narrative (Detail) - USD ($) $ in Millions	3 Months Ended
	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
Income Tax Disclosure [Abstract]
Dividends received deduction percentage for earnings and profits received from foreign corporation	100.00%
Dividends received deduction, foreign corporation ownership percentage	10.00%
Deferred tax liability, undistributed earnings from foreign subsidiaries	$ 3.2	$ 3.5	$ 3.6

Income Taxes - Uncertain Income

Income Taxes - Uncertain Income Tax Positions - Narrative (Detail) - USD ($)	Aug. 01, 2021	May 02, 2021	Aug. 02, 2020
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,400,000	$ 1,400,000	$ 1,400,000
Unrecognized tax benefits that would favorably impact effective income tax rate if recognized	1,100,000	1,100,000	1,100,000
Non-current Deferred Income Taxes [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	380,000	380,000	380,000
Income Taxes Payable - Long-Term [Member]
Income Taxes [Line Items]
Unrecognized tax benefits	$ 1,100,000	$ 1,100,000	$ 1,100,000

Income Taxes - Summary of Taxes

Income Taxes - Summary of Taxes Paid (Refunded) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Income Taxes [Line Items]
United States Federal - Alternative Minimum Tax (AMT) credit refunds		$ 1,500
Total income tax payments, net	$ 1,688	9
Domestic Tax Authority [Member] | United States [Member]
Income Taxes [Line Items]
United States Federal - Alternative Minimum Tax (AMT) credit refunds		(745)
Foreign Tax Authority [Member] | China [Member]
Income Taxes [Line Items]
Total income tax payments, net	1,408	349
Foreign Tax Authority [Member] | Canada [Member]
Income Taxes [Line Items]
Total income tax payments, net	$ 280	$ 405

Income Taxes - Summary of Tax_2

Income Taxes - Summary of Taxes Paid (Refunded) (Parenthetical) (Detail) - USD ($)	1 Months Ended	3 Months Ended
	May 31, 2020	Nov. 01, 2020	Aug. 02, 2020
Income Tax Disclosure [Abstract]
United States Federal - Alternative Minimum Tax (AMT) credit refunds			$ 1,500,000
Percentage of received alternative minimum tax		50.00%	50.00%
Percentage of AMT credits refundable under CARES Act			100.00%
Percentage of remaining refundable AMT credit carryforward	50.00%
AMT credit carryforward remaining refundable balance amount received		$ 764,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($)	Jul. 01, 2021	Jul. 01, 2020	Aug. 01, 2021	Aug. 02, 2020	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			$ 1,100,000
Remaining unrecognized compensation cost			$ 1,100,000
Weighted average period over which unrecognized compensation cost is expected to be recognized			2 years 9 months 18 days
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			$ 20,000	$ (11,000)
Time-Based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of units expected to vest			3,200,000
Remaining unrecognized compensation cost			$ 1,800,000
Weighted average period over which unrecognized compensation cost is expected to be recognized			1 year 3 months 18 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			$ 184,000	67,000
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	4,312	7,000
Price Per Share	$ 16.24	$ 10
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
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			474,575

Stock-Based Compensation - Summ

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. 22, 2021		Jul. 18, 2019
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Awarded	[1],[2]	122,477		93,653
Restricted Stock Units Expected to Vest	[2],[3]	61,237		5,749
Price Per Share	[2]	$ 14.75	[4]	$ 19.04	[5]
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	[1],[6]	21,900		29,227
Restricted Stock Units Expected to Vest	[3],[6]	10,950		3,442
Price Per Share	[4],[6]	$ 14.75		$ 18.49
Vesting Period	[6]	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 senior executives.
[3]	Compensation cost is based on an assessment each reporting period to determine the probability of whether or not certain performance goals will be met and how many shares are expected to be earned as of the end of the vesting period. These amounts represent the number of shares that were expected to vest as of August 1, 2021.
[4]	Price per share represents the closing price of our common stock on the date of grant.
[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 senior executives on July 18, 2019.
[6]	Performance-based restricted stock units awarded to key employees.

Stock-Based Compensation - Su_2

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

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Vested Performance-Based Restricted Stock Units (Detail) - Performance-Based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Aug. 01, 2021	Aug. 02, 2020
Senior Executives [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[1]	6,734	3,277
Fair Value	[1],[2]	$ 115	$ 33
Price Per Share	[1],[3]	$ 17.14	$ 9.96
Key Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-Based Restricted Stock Units Vested	[4]	5,812	3,710
Fair Value	[2],[4]	$ 100	$ 37
Price Per Share	[3],[4]	$ 17.14	$ 9.96
[1]	Performance-based restricted stock units vested by senior executives.
[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]	Performance-based restricted stock units vested by key employees.

Stock-Based Compensation - Su_4

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. 22, 2021	Aug. 06, 2020	Jul. 18, 2019	Aug. 02, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-Based Restricted Stock Units Awarded		38,289	129,896	34,399	10,000
Price Per Share	[1]	$ 14.75	$ 11.01	$ 18.49	$ 24.35
Vesting Period		3 years	3 years	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)	Oct. 30, 2021USD ($)	Aug. 30, 2021USD ($)	May 07, 2021USD ($)ft²	Apr. 09, 2021USD ($)ft²	Jul. 31, 2021USD ($)	Apr. 30, 2021USD ($)	Aug. 01, 2021USD ($)	Aug. 02, 2020USD ($)
Lessee, Operating Lease, Option to Extend							renewal options for additional periods ranging up to twelve years
Operating lease expenses							$ 876,000	$ 658,000
Operating lease liability payments							$ 717,000	$ 445,000
Upholstery Fabrics [Member]
Lessee, Operating Lease, Option to Extend							The initial non-cancelable term of the lease can be subsequently renewed and extended for successive eight-year
Area of facility | ft²				90,000
Lease term				8 years
Operating lease liability payments				$ 2,800,000
Lease renewal term				8 years
High Point ,NC [Member]
Lessee, Operating Lease, Option to Extend							The initial non-cancelable term of the lease can be subsequently renewed and extended up to four additional periods of three years
Area of facility | ft²			21,000
Lease term			10 years
Operating lease liability payments			$ 2,200,000
Lease renewal term			3 years
Commitment for construction of leasehold improvements							$ 865,000
Other Assets [Member] | Upholstery Fabrics [Member]
Operating lease liability payments					$ 558,000	$ 1,400,000	$ 2,000,000
Subsequent Event [Member] | Upholstery Fabrics [Member]
Operating lease liability payments		$ 418,500
Forecast [Member] | Upholstery Fabrics [Member]
Operating lease liability payments	$ 418,500
Minimum [Member]
Operating Lease Remaining Lease Terms							1 year
Maximum [Member]
Operating Lease Remaining Lease Terms							10 years

Leases - Lessee Operating Lease

Leases - Lessee Operating Lease Right of Use Assets and Liabilities (Detail) - USD ($) $ in Thousands	Aug. 01, 2021	May 02, 2021	[1]	Aug. 02, 2020
Assets And Liabilities Lessee [Abstract]
Right of use assets	$ 11,447	$ 11,730		$ 6,443
Operating lease liability - current	2,727	2,736		2,387
Operating lease liability – noncurrent	$ 6,665	$ 6,821		$ 4,214
[1]	Derived from audited financial statements.

Leases - Operating Leases of Le

Leases - Operating Leases of Lessee Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020
Lessee Disclosure [Abstract]
Operating lease liability payments	$ 717	$ 445
Right of use assets exchanged for lease liabilities	$ 547	$ 3,154

Leases - Lessee Operating Lea_2

Leases - Lessee Operating Lease Liability Maturity (Details) $ in Thousands	Aug. 01, 2021USD ($)
Lessee Disclosure [Abstract]
2022	$ 2,098
2023	2,760
2024	2,458
2025	1,525
2026	272
Thereafter	617
Total	9,730
Less: interest	(338)
Present value of lease liabilities	$ 9,392

Leases - Weighted Average Lease

Leases - Weighted Average Lease Term and Discount Rate (Detail)	Aug. 01, 2021
Lessee Disclosure [Abstract]
Weighted average lease term	3 years 10 months 24 days
Weighted average discount rate	1.95%

Commitments, Contingencies, a_2

Commitments, Contingencies, and Guarantees - Narrative (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	May 02, 2021	[1]
Commitments and Contingencies Disclosure [Line Items]
Accounts payable for capital expenditures	$ 48,000	$ 333,000	$ 348,000
Payment received from royalty agreement	14,000	17,000
Operating lease liability payments	717,000	445,000
eLuxury [Member]
Commitments and Contingencies Disclosure [Line Items]
Net sales related to inventory shipments	$ 43,000	$ 244,000
Unpaid Lease Payments Guarantees Percentage	70.00%
Lease agreement expiry date	2024-09
Operating lease liability payments	$ 18,865
Mattress Fabrics [Member] | Capital Addition Purchase Commitments [Member]
Commitments and Contingencies Disclosure [Line Items]
Open purchase commitments for equipment	$ 1,200,000
[1]	Derived from audited financial statements.

Statutory Reserves - Narrative

Statutory Reserves - Narrative (Detail) - Subisidiary [Member] - China [Member] $ in Millions	3 Months Ended
	Aug. 01, 2021USD ($)
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%
Percentage of statutory surplus reserve fund to registered capital	50.00%
Statutory surplus reserve fund balance	$ 4.5
Minimum threshold percentage for statutory surplus reserve fund as percentage of registered capital, below which certain capital transactions are prohibited	25.00%

Common Stock Repurchase Progr_2

Common Stock Repurchase Program (Detail) - USD ($)	3 Months Ended
	Aug. 01, 2021	Aug. 02, 2020	Mar. 31, 2020
Stockholders Equity Note [Line Items]
Cost of common stock repurchase	$ 723,000
Common Stock [Member]
Stockholders Equity Note [Line Items]
Common stock repurchased	48,686	0
Cost of common stock repurchase	$ 2,000
Remaining authorized repurchase amount	$ 4,300,000
Stock Repurchase Program March 2020 [Member] | Common Stock [Member]
Stockholders Equity Note [Line Items]
Authorization amount for repurchase of common stock			$ 5,000,000

Dividend Program - Narrative (D

Dividend Program - Narrative (Detail) - USD ($) $ / shares in Units, $ in Thousands	Sep. 01, 2021	Aug. 01, 2021	Aug. 02, 2020
Dividends [Line Items]
Cash dividends paid		$ 1,356	$ 1,291
Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividends paid		$ 1,400	$ 1,300
Cash dividend payment, per share		$ 0.11	$ 0.105
Subsequent Event [Member] | Quarterly Dividend [Member]
Dividends [Line Items]
Cash dividend declared, per share	$ 0.11
Date of payment to shareholders entitled to dividends	Oct. 18, 2021
Date of record of shareholders entitled to dividends	Oct. 11, 2021