Daktronics (DAKT) 10-Q 3 Mar 21 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jan. 30, 2021	Mar. 01, 2021
Document Information [Line Items]
Entity Central Index Key	0000915779
Entity Registrant Name	DAKTRONICS INC
Amendment Flag	false
Current Fiscal Year End Date	--05-01
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 30, 2021
Document Transition Report	false
Entity File Number	0-23246
Entity Incorporation, State or Country Code	SD
Entity Tax Identification Number	46-0306862
Entity Address, Address Line One	201 Daktronics Drive
Entity Address, City or Town	Brookings
Entity Address, State or Province	SD
Entity Address, Postal Zip Code	57006
City Area Code	605
Local Phone Number	692-0200
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
Entity Common Stock, Shares Outstanding		44,966,381
Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights
Trading Symbol	DAKT
Security Exchange Name	NASDAQ
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	DAKT
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 30, 2021	May 02, 2020
CURRENT ASSETS:
Cash and cash equivalents	$ 76,877	$ 40,398
Restricted cash	3,884	14
Marketable securities	248	1,230
Accounts receivable, net	63,212	72,577
Inventories	72,312	86,803
Contract assets	30,310	35,467
Current maturities of long-term receivables	1,736	3,519
Prepaid expenses and other current assets	7,554	9,629
Income tax receivables	87	548
Property and equipment and other assets available for sale	2,020	1,817
Total current assets	258,240	252,002
Property and equipment, net	61,805	67,484
Long-term receivables, less current maturities	754	1,114
Goodwill	8,262	7,743
Intangibles, net	2,396	3,354
Investment in affiliates and other assets	23,608	27,683
Deferred income taxes	13,382	13,271
TOTAL ASSETS	368,447	372,651
CURRENT LIABILITIES:
Accounts payable	32,692	47,834
Contract liabilities	53,292	50,897
Accrued expenses	26,664	36,626
Warranty obligations	10,766	9,764
Income taxes payable	2,079	844
Total current liabilities	125,493	145,965
Long-term warranty obligations	15,696	15,860
Long-term contract liabilities	10,587	10,707
Other long-term obligations	23,059	22,105
Long-term income taxes payable	554	582
Deferred income taxes	490	452
Total long-term liabilities	50,386	49,706
SHAREHOLDERS' EQUITY:
Common Stock, no par value, authorized 115,000,000 shares; 46,264,576 and 45,913,209 shares issued at January 30, 2021 and May 2, 2020, respectively	60,575	60,010
Additional paid-in capital	46,091	44,627
Retained earnings	95,759	85,090
Treasury Stock, at cost, 1,297,409 and 1,343,281 shares at January 30, 2021 and May 2, 2020, respectively	(7,297)	(7,470)
Accumulated other comprehensive loss	(2,560)	(5,277)
TOTAL SHAREHOLDERS' EQUITY	192,568	176,980
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 368,447	$ 372,651

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares shares in Thousands, $ / shares in Thousands	Jan. 30, 2021	May 02, 2020
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, share authorized (in shares)	115,000,000	115,000,000
Common stock, share issued (in shares)	46,264,576	45,913,209
Treasury stock, shares (in shares)	1,297,409	1,343,281

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Net sales	$ 94,139	$ 127,657	$ 365,150	$ 482,824
Cost of sales	70,198	103,175	272,134	372,750
Gross profit	23,941	24,482	93,016	110,074
Operating expenses:
Selling	12,004	16,552	36,214	51,026
General and administrative	6,389	8,640	20,777	26,698
Product design and development	5,784	8,442	20,053	29,063
Operating Expenses, Total	24,177	33,634	77,044	106,787
Operating (loss) income	(236)	(9,152)	15,972	3,287
Nonoperating (expense) income:
Interest income	52	233	203	664
Interest expense	(92)	13	(249)	(53)
Other (expense) income, net	(913)	(331)	(2,377)	(652)
(Loss) income before income taxes	(1,189)	(9,237)	13,549	3,246
Income tax expense (benefit)	(975)	3,497	2,880	1,676
Net (loss) income	$ (214)	$ (12,734)	$ 10,669	$ 1,570
Weighted average shares outstanding:
Basic (in shares)	45,064	45,189	44,908	45,139
Diluted (in shares)	45,064	45,189	45,061	45,412
(Loss) earnings per share:
Basic (in dollars per share)	$ 0	$ (0.28)	$ 0.24	$ 0.03
Diluted (in dollars per share)	$ 0	$ (0.28)	$ 0.24	$ 0.03

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Net (loss) income	$ (214)	$ (12,734)	$ 10,669	$ 1,570
Other comprehensive income (loss):
Cumulative translation adjustments	1,296	51	2,717	(329)
Unrealized gain (loss) on available-for-sale securities, net of tax	0	0	0	44
Total other comprehensive income (loss), net of tax	1,296	51	2,717	(285)
Comprehensive income (loss)	$ 1,082	$ (12,683)	$ 13,386	$ 1,285

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Apr. 27, 2019	$ 57,699	$ 42,561	$ 93,593	$ (1,834)	$ (4,356)	$ 187,663
Net (loss) income	0	0	7,030	0	0	7,030
Cumulative translation adjustments	0	0	0	0	(526)	(526)
Share-based compensation	0	643	0	0	0	643
Employee savings plan activity	779	0	0	0	0	779
Unrealized gain (loss) on available-for-sale securities, net of tax	0	0	0	0	41	41
Dividends declared ($0.05 per share)	0	0	(2,250)	0	0	(2,250)
Treasury stock purchase	0	0	0	(1,187)	0	(1,187)
Balance at Aug. 03, 2019	58,478	43,204	98,373	(3,021)	(4,841)	192,193
Balance at Apr. 27, 2019	57,699	42,561	93,593	(1,834)	(4,356)	187,663
Net (loss) income						1,570
Cumulative translation adjustments						(329)
Unrealized gain (loss) on available-for-sale securities, net of tax						44
Balance at Feb. 01, 2020	59,276	44,096	88,407	(4,163)	(4,641)	182,975
Balance at Aug. 03, 2019	58,478	43,204	98,373	(3,021)	(4,841)	192,193
Net (loss) income	0	0	7,274	0	0	7,274
Cumulative translation adjustments	0	0	0	0	146	146
Share-based compensation	0	541	0	0	0	541
Tax payments related to RSU issuances	0	(199)	0	0	0	(199)
Employee savings plan activity	798	0	0	0	0	798
Unrealized gain (loss) on available-for-sale securities, net of tax	0	0	0	0	3	3
Dividends declared ($0.05 per share)	0	0	(2,250)	0	0	(2,250)
Treasury stock purchase	0	0	0	(495)	0	(495)
Balance at Nov. 02, 2019	59,276	43,546	103,397	(3,516)	(4,692)	198,011
Net (loss) income	0	0	(12,734)	0	0	(12,734)
Cumulative translation adjustments	0	0	0	0	51	51
Share-based compensation	0	550	0	0	0	550
Unrealized gain (loss) on available-for-sale securities, net of tax						0
Dividends declared ($0.05 per share)	0	0	(2,256)	0	0	(2,256)
Treasury stock purchase	0	0	0	(647)	0	(647)
Balance at Feb. 01, 2020	59,276	44,096	88,407	(4,163)	(4,641)	182,975
Balance at May. 02, 2020	60,010	44,627	85,090	(7,470)	(5,277)	176,980
Net (loss) income	0	0	7,467	0	0	7,467
Cumulative translation adjustments	0	0	0	0	1,037	1,037
Share-based compensation	0	539	0	0	0	539
Treasury stock reissued	0	26	0	173	0	199
Balance at Aug. 01, 2020	60,010	45,192	92,557	(7,297)	(4,240)	186,222
Balance at May. 02, 2020	60,010	44,627	85,090	(7,470)	(5,277)	176,980
Net (loss) income						10,669
Cumulative translation adjustments						2,717
Unrealized gain (loss) on available-for-sale securities, net of tax						0
Balance at Jan. 30, 2021	60,575	46,091	95,759	(7,297)	(2,560)	192,568
Balance at Aug. 01, 2020	60,010	45,192	92,557	(7,297)	(4,240)	186,222
Net (loss) income	0	0	3,416	0	0	3,416
Cumulative translation adjustments	0	0	0	0	384	384
Share-based compensation	0	508	0	0	0	508
Tax payments related to RSU issuances	0	(125)	0	0	0	(125)
Balance at Oct. 31, 2020	60,010	45,575	95,973	(7,297)	(3,856)	190,405
Net (loss) income	0	0	(214)	0	0	(214)
Cumulative translation adjustments	0	0	0	0	1,296	1,296
Share-based compensation	0	516	0	0	0	516
Employee savings plan activity	565	0	0	0	0	565
Unrealized gain (loss) on available-for-sale securities, net of tax						0
Balance at Jan. 30, 2021	$ 60,575	$ 46,091	$ 95,759	$ (7,297)	$ (2,560)	$ 192,568

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 10,669	$ 1,570
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,848	13,197
Gain on sale of property, equipment and other assets	(244)	(6)
Share-based compensation	1,563	1,734
Equity in loss of affiliates	1,740	430
Provision for doubtful accounts	1,551	(477)
Deferred income taxes, net	(21)	(223)
Change in operating assets and liabilities	20,115	(10,035)
Net cash provided by operating activities	48,221	6,190
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(6,935)	(13,646)
Proceeds from sales of property, equipment and other assets	470	244
Proceeds from sales or maturities of marketable securities	982	24,665
Purchases of and loans to equity investment	(1,328)	(1,229)
Net cash (used in) provided by investing activities	(6,811)	10,034
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on long-term obligations	(431)	(2,140)
Dividends paid	0	(6,756)
Payments for common shares repurchased	0	(2,329)
Tax payments related to RSU issuances	(125)	(199)
Net cash used in financing activities	(556)	(11,424)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(505)	(166)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	40,349	4,634
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	40,412	35,742
End of period	80,761	40,376
Supplemental disclosures of cash flow information:
Interest	195	3
Income taxes, net of refunds	1,491	460
Supplemental schedule of non-cash investing and financing activities:
Demonstration equipment transferred to inventory	56	10
Purchases of property and equipment included in accounts payable	527	954
Contributions of common stock under the ESPP	$ 565	$ 1,577

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Daktronics, Inc. and its subsidiaries (the “Company”, “Daktronics”, “we”, “our”, or “us”) are the world's industry leader in designing and manufacturing electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial and transportation applications. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of normal recurring adjustments) necessary to fairly present our financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions affecting the reported amounts therein. Due to the inherent uncertainty involved in making estimates, actual results in future periods may Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. The balance sheet at May 2, 2020 not May 2, 2020 10 not may Daktronics, Inc. operates on a 52 53 April 30 April 30 13 53 first three 13 May 1, 2021 52 May 2, 2020 53 nine January 30, 2021 39 nine February 1, 2020 40 The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sum to the totals of the same amounts shown in the condensed consolidated statements of cash flows. We have bank guarantees that are secured with cash collateral which is maintained in the restricted cash account. January 30, February 1, 2021 2020 Cash and cash equivalents $ 76,877 $ 40,316 Restricted cash 3,884 60 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 80,761 $ 40,376 Other Business Developments - Coronavirus Pandemic During the first nine 2021 19" 8 April 1, 2020, third 2021 2021, During fiscal 2020 first nine 2021 two 19 first 2021 first 2021 first 2021 second 2021 We received governmental wage subsidies from various governmental programs related to COVID implications of $254 and $1,632 during the three nine January 30, 2021 December 31, 2020. January 30, 2021 50 December 31, 2021 50 December 31, 2022. Recent Accounting Pronouncements There have been no 10 May 2, 2020 Accounting Standards Adopted In January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350 second two not 2017 04 first 2021 not In June 2016, 2016 13, Measurement of Credit Losses on Financial Instruments, 2016 13 2016 13 first 2021 not We estimate an allowance for doubtful accounts using a loss rate method. We measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. A reconciliation of the beginning and ending allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts: Balance as of May 2, 2020 $ 2,828 Charged to costs and expenses 2,724 Deductions (1) (1,392 ) Balance as of January 30, 2021 $ 4,160 ( 1 Accounting Standards Not There are no not January 30, 2021

Note 2 - Investments in Affilia

Note 2 - Investments in Affiliates	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Investment [Text Block]	Note 2. Investments in affiliates over which we have significant influence are accounted for under the equity method of accounting, recording the investment at cost and then subsequently adjusting to account for our share of the affiliates profit or losses, in accordance with the provisions of Accounting Standards Codification ("ASC") 323, Investments – Equity Method and Joint Ventures not 321, Investments – Equity Securities not may not The aggregate amount of investments accounted for under the equity method was $15,517 and $17,257 at January 30, 2021 May 2, 2020 nine January 30, 2021 February 1, 2020 nine January 30, 2021

Note 3 - Earnings Per Share ("E

Note 3 - Earnings Per Share ("EPS")	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 3. We follow the provisions of ASC 260, Earnings Per Share may The following is a reconciliation of the net income and common share amounts used in the calculation of basic and diluted EPS for the three nine January 30, 2021 February 1, 2020 Net (loss) income Shares Per share (loss) income For the three months ended January 30, 2021 Basic (loss) earnings per share $ (214 ) 45,064 $ (0.00 ) Dilution associated with stock compensation plans — — — Diluted (loss) earnings per share $ (214 ) 45,064 $ (0.00 ) For the three months ended February 1, 2020 Basic (loss) earnings per share $ (12,734 ) 45,189 $ (0.28 ) Dilution associated with stock compensation plans — — — Diluted (loss) earnings per share $ (12,734 ) 45,189 $ (0.28 ) For the nine months ended January 30, 2021 Basic earnings per share $ 10,669 44,908 $ 0.24 Dilution associated with stock compensation plans — 153 — Diluted earnings per share $ 10,669 45,061 $ 0.24 For the nine months ended February 1, 2020 Basic earnings per share $ 1,570 45,139 $ 0.03 Dilution associated with stock compensation plans — 273 — Diluted earnings per share $ 1,570 45,412 $ 0.03 Options outstanding to purchase 2,337 shares of common stock with a weighted average exercise price of $8.70 for the three January 30, 2021 three February 1, 2020 not Options outstanding to purchase 2,268 shares of common stock with a weighted average exercise price of $9.29 for the nine January 30, 2021 nine February 1, 2020 not

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 4. Disaggregation of revenue In accordance with ASC 606 10 50, The following table presents our disaggregation of revenue by segments: Three Months Ended January 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 2,087 $ 14,006 $ 3,604 $ 7,880 $ 5,155 $ 32,732 Limited configuration 24,630 4,536 10,424 3,273 7,391 50,254 Service and other 3,368 4,788 616 616 1,765 11,153 $ 30,085 $ 23,330 $ 14,644 $ 11,769 $ 14,311 $ 94,139 Timing of revenue recognition Goods/services transferred at a point in time $ 25,092 $ 5,720 $ 9,163 $ 3,436 $ 7,785 $ 51,196 Goods/services transferred over time 4,993 17,610 5,481 8,333 6,526 42,943 $ 30,085 $ 23,330 $ 14,644 $ 11,769 $ 14,311 $ 94,139 Nine Months Ended January 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 14,322 $ 83,283 $ 16,363 $ 24,579 $ 15,534 $ 154,081 Limited configuration 69,796 14,566 52,808 15,364 24,268 176,802 Service and other 10,829 14,777 1,994 1,647 5,020 34,267 $ 94,947 $ 112,626 $ 71,165 $ 41,590 $ 44,822 $ 365,150 Timing of revenue recognition Goods/services transferred at a point in time $ 71,210 $ 18,670 $ 48,249 $ 15,740 $ 25,432 $ 179,301 Goods/services transferred over time 23,737 93,956 22,916 25,850 19,390 185,849 $ 94,947 $ 112,626 $ 71,165 $ 41,590 $ 44,822 $ 365,150 Three Months Ended February 1, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 7,209 $ 27,459 $ 1,511 $ 7,857 $ 9,195 $ 53,231 Limited configuration 26,304 6,436 12,422 5,580 10,609 61,351 Service and other 3,367 6,676 842 479 1,711 13,075 $ 36,880 $ 40,571 $ 14,775 $ 13,916 $ 21,515 $ 127,657 Timing of revenue recognition Goods/services transferred at a point in time $ 26,555 $ 8,614 $ 11,080 $ 5,683 $ 11,008 $ 62,940 Goods/services transferred over time 10,325 31,957 3,695 8,233 10,507 64,717 $ 36,880 $ 40,571 $ 14,775 $ 13,916 $ 21,515 $ 127,657 Nine Months Ended February 1, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 29,181 $ 114,459 $ 12,727 $ 32,173 $ 35,415 $ 223,955 Limited configuration 80,193 25,662 60,349 19,550 33,663 219,417 Service and other 11,192 19,075 2,357 1,541 5,287 39,452 $ 120,566 $ 159,196 $ 75,433 $ 53,264 $ 74,365 $ 482,824 Timing of revenue recognition Goods/services transferred at a point in time $ 81,562 $ 30,903 $ 55,791 $ 19,901 $ 34,696 $ 222,853 Goods/services transferred over time 39,004 128,293 19,642 33,363 39,669 259,971 $ 120,566 $ 159,196 $ 75,433 $ 53,264 $ 74,365 $ 482,824 See "Note 5. Contract balances Contract assets represent revenue recognized in excess of amounts billed and include unbilled receivables. Unbilled receivables, which represent an unconditional right to payment subject only to the passage of time, are reclassified to accounts receivable when they are billed according to the contract terms. Contract liabilities represent amounts billed to the customers in excess of revenue recognized to date. The following table reflects the changes in our contract assets and liabilities: January 30, May 2, Dollar Percent 2021 2020 Change Change Contract assets $ 30,310 $ 35,467 $ (5,157 ) (14.5 )% Contract liabilities - current 53,292 50,897 2,395 4.7 % Contract liabilities - noncurrent 10,587 10,707 (120 ) (1.1 )% The changes in our contract assets and contract liabilities from May 2, 2020 January 30, 2021 no nine January 30, 2021 For service-type warranty contracts, we allocate revenue to this performance obligation, recognize the revenue over time, and recognize costs as incurred. Earned and unearned revenues for these contracts are included in the "Contract assets" and "Contract liabilities" line items in our condensed consolidated balance sheets. Changes in unearned service-type warranty contracts, net were as follows: January 30, 2021 Balance at beginning of period $ 24,490 New contracts sold 49,471 Less: reductions for revenue recognized (48,818 ) Foreign currency translation and other 194 Balance at end of period $ 25,337 As of January 30, 2021 May 2, 2020 During the nine January 30, 2021 May 2, 2020 Remaining performance obligations As of January 30, 2021 January 30, 2021 may

Note 5 - Segment Reporting

Note 5 - Segment Reporting	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 5. We organize and manage our business by the following five 280 10, Segment Reporting The following table sets forth certain financial information for each of our five Three Months Ended Nine Months Ended January 30, February 1, January 30, February 1, 2021 2020 2021 2020 Net sales: Commercial $ 30,085 $ 36,880 $ 94,947 $ 120,566 Live Events 23,330 40,571 112,626 159,196 High School Park and Recreation 14,644 14,775 71,165 75,433 Transportation 11,769 13,916 41,590 53,264 International 14,311 21,515 44,822 74,365 Total company net sales 94,139 127,657 365,150 482,824 Gross profit: Commercial 8,410 5,399 24,730 22,479 Live Events 4,256 7,815 20,910 32,486 High School Park and Recreation 6,437 3,184 25,410 22,595 Transportation 3,845 4,316 14,300 18,073 International 993 3,768 7,666 14,441 23,941 24,482 93,016 110,074 Operating expenses: Selling 12,004 16,552 36,214 51,026 General and administrative 6,389 8,640 20,777 26,698 Product design and development 5,784 8,442 20,053 29,063 24,177 33,634 77,044 106,787 Operating (loss) income (236 ) (9,152 ) 15,972 3,287 Nonoperating income (expense): Interest income 52 233 203 664 Interest expense (92 ) 13 (249 ) (53 ) Other (expense) income, net (913 ) (331 ) (2,377 ) (652 ) (Loss) income before income taxes $ (1,189 ) $ (9,237 ) $ 13,549 $ 3,246 Depreciation and amortization: Commercial $ 760 $ 930 $ 2,253 $ 2,799 Live Events 1,436 1,395 4,311 4,187 High School Park and Recreation 464 501 1,452 1,520 Transportation 233 255 704 771 International 738 646 2,132 1,733 Unallocated corporate depreciation 653 746 1,996 2,187 $ 4,284 $ 4,473 $ 12,848 $ 13,197 No Three Months Ended Nine Months Ended January 30, February 1, January 30, February 1, 2021 2020 2021 2020 Net sales: United States $ 78,152 $ 103,347 $ 314,674 $ 399,913 Outside United States 15,987 24,310 50,476 82,911 $ 94,139 $ 127,657 $ 365,150 $ 482,824 January 30, May 2, 2021 2020 Property and equipment, net of accumulated depreciation: United States $ 52,657 $ 58,422 Outside United States 9,148 9,062 $ 61,805 $ 67,484 We have numerous customers worldwide for sales of our products and services, and no 10 not We have numerous raw material and component suppliers, and no 10

Note 6 - Goodwill

Note 6 - Goodwill	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Goodwill Disclosure [Text Block]	Note 6. The changes in the carrying amount of goodwill related to each reportable segment for the nine January 30, 2021 Live Events Commercial Transportation International Total Balance as of May 2, 2020 $ 2,266 $ 3,144 $ 38 $ 2,295 $ 7,743 Foreign currency translation 30 205 29 255 519 Balance as of January 30, 2021 $ 2,296 $ 3,349 $ 67 $ 2,550 $ 8,262 We perform an analysis of goodwill on an annual basis, and it is tested for impairment more frequently if events or changes in circumstances indicate that an asset might be impaired. Our annual analysis is performed during our third first third November 2, 2020 no In March 2020, 19 19 third 2021 not not not not

Note 7 - Receivables

Note 7 - Receivables	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Financing Receivables [Text Block]	Note 7. We invoice customers based on a billing schedule as established in our contracts. We sometimes have the ability to file a contractor’s lien against the product installed as collateral and to file claims against surety bonds to protect our interest in receivables. Foreign sales are at times secured by irrevocable letters of credit or bank guarantees. Accounts receivable are reported net of an allowance for doubtful accounts of $4,160 and $2,828 at January 30, 2021 May 2, 2020 January 30, 2021 May 2, 2020 one In some contracts with customers, we agree to installment payments exceeding 12 January 30, 2021 May 2, 2020 2024 January 30, 2021 May 2, 2020

Note 8 - Financing Agreements

Note 8 - Financing Agreements	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 8. On November 15, 2019, November 15, 2019 November 15, 2022 August 28, 2020, third third 2.5; January 30, 2021 January 30, 2021 We are sometimes required to obtain bank guarantees or other financial instruments for display installations and utilize a global bank to provide such instruments. If we are unable to complete the installation work, our customer would draw on the banking arrangement, and the bank would subrogate its loss to Daktronics restricted cash accounts. As of January 30, 2021 As of January 30, 2021

Note 9 - Share Repurchase Progr

Note 9 - Share Repurchase Program	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Treasury Stock [Text Block]	Note 9. On June 17, 2016, may may not may During the nine January 30, 2021 nine February 1, 2020 January 30, 2021 As part of our COVID- 19 April 1, 2020,

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 10. Litigation: As of May 2, 2020 third 2021, no third 2021. For other unresolved legal proceedings or claims, we do not no not Warranties: nine January 30, 2021 January 30, 2021 Beginning accrued warranty obligations $ 25,624 Warranties issued during the period 6,473 Settlements made during the period (4,115 ) Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations (1,520 ) Ending accrued warranty obligations $ 26,462 Performance guarantees: January 30, 2021 one January 30, 2021 not

Note 11 - Income Taxes

Note 11 - Income Taxes	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 11. The provision for income taxes during interim reporting periods is calculated by applying an estimate of the annual effective tax rate to “ordinary” income or loss for the reporting period, adjusted for discrete items. Due to various factors, including our estimate of annual income, our effective tax rate is subject to fluctuation. Our effective tax rate for the three nine January 30, 2021 three nine February 1, 2020 three January 30, 2021 three February 1, 2020 We are subject to U.S. federal income tax as well as income taxes of multiple state and foreign jurisdictions. Fiscal years 2018, 2019 2020 2017, 2018, 2019 2020 2010. As of January 30, 2021

Note 12 - Fair Value Measuremen

Note 12 - Fair Value Measurement	9 Months Ended
	Jan. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 12. The following table sets forth by Level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis at January 30, 2021 May 2, 2020 no Fair Value Measurements Level 1 Level 2 Level 3 Total Balance as of January 30, 2021 Cash and cash equivalents $ 76,877 $ — $ — $ 76,877 Restricted cash 3,884 — — 3,884 Available-for-sale securities: Certificates of deposit — 248 — 248 Derivatives - asset position — — — — Derivatives - liability position — (331 ) — (331 ) Acquisition-related contingent consideration — — (311 ) (311 ) $ 80,761 $ (83 ) $ (311 ) $ 80,367 Balance as of May 2, 2020 Cash and cash equivalents $ 40,398 $ — $ — $ 40,398 Restricted cash 14 — — 14 Available-for-sale securities: Certificates of deposit — 1,230 — 1,230 Derivatives - asset position — 261 — 261 Derivatives - liability position — (17 ) — (17 ) Acquisition-related contingent consideration — — (761 ) (761 ) $ 40,412 $ 1,474 $ (761 ) $ 41,125 A roll forward of the Level 3 nine January 30, 2021 Acquisition-related contingent consideration as of May 2, 2020 $ 761 Additions 133 Settlements (600 ) Interest 17 Acquisition-related contingent consideration as of January 30, 2021 $ 311 There have been no 2020 10 May 2, 2020

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 30, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements There have been no 10 May 2, 2020 Accounting Standards Adopted In January 2017, 2017 04, Intangibles-Goodwill and Other (Topic 350 second two not 2017 04 first 2021 not In June 2016, 2016 13, Measurement of Credit Losses on Financial Instruments, 2016 13 2016 13 first 2021 not We estimate an allowance for doubtful accounts using a loss rate method. We measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable supportable forecasts. A reconciliation of the beginning and ending allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts: Balance as of May 2, 2020 $ 2,828 Charged to costs and expenses 2,724 Deductions (1) (1,392 ) Balance as of January 30, 2021 $ 4,160 ( 1 Accounting Standards Not There are no not January 30, 2021

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	January 30, February 1, 2021 2020 Cash and cash equivalents $ 76,877 $ 40,316 Restricted cash 3,884 60 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 80,761 $ 40,376
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Allowance for Doubtful Accounts: Balance as of May 2, 2020 $ 2,828 Charged to costs and expenses 2,724 Deductions (1) (1,392 ) Balance as of January 30, 2021 $ 4,160

Note 3 - Earnings Per Share (_2

Note 3 - Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net (loss) income Shares Per share (loss) income For the three months ended January 30, 2021 Basic (loss) earnings per share $ (214 ) 45,064 $ (0.00 ) Dilution associated with stock compensation plans — — — Diluted (loss) earnings per share $ (214 ) 45,064 $ (0.00 ) For the three months ended February 1, 2020 Basic (loss) earnings per share $ (12,734 ) 45,189 $ (0.28 ) Dilution associated with stock compensation plans — — — Diluted (loss) earnings per share $ (12,734 ) 45,189 $ (0.28 ) For the nine months ended January 30, 2021 Basic earnings per share $ 10,669 44,908 $ 0.24 Dilution associated with stock compensation plans — 153 — Diluted earnings per share $ 10,669 45,061 $ 0.24 For the nine months ended February 1, 2020 Basic earnings per share $ 1,570 45,139 $ 0.03 Dilution associated with stock compensation plans — 273 — Diluted earnings per share $ 1,570 45,412 $ 0.03

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended January 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 2,087 $ 14,006 $ 3,604 $ 7,880 $ 5,155 $ 32,732 Limited configuration 24,630 4,536 10,424 3,273 7,391 50,254 Service and other 3,368 4,788 616 616 1,765 11,153 $ 30,085 $ 23,330 $ 14,644 $ 11,769 $ 14,311 $ 94,139 Timing of revenue recognition Goods/services transferred at a point in time $ 25,092 $ 5,720 $ 9,163 $ 3,436 $ 7,785 $ 51,196 Goods/services transferred over time 4,993 17,610 5,481 8,333 6,526 42,943 $ 30,085 $ 23,330 $ 14,644 $ 11,769 $ 14,311 $ 94,139 Nine Months Ended January 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 14,322 $ 83,283 $ 16,363 $ 24,579 $ 15,534 $ 154,081 Limited configuration 69,796 14,566 52,808 15,364 24,268 176,802 Service and other 10,829 14,777 1,994 1,647 5,020 34,267 $ 94,947 $ 112,626 $ 71,165 $ 41,590 $ 44,822 $ 365,150 Timing of revenue recognition Goods/services transferred at a point in time $ 71,210 $ 18,670 $ 48,249 $ 15,740 $ 25,432 $ 179,301 Goods/services transferred over time 23,737 93,956 22,916 25,850 19,390 185,849 $ 94,947 $ 112,626 $ 71,165 $ 41,590 $ 44,822 $ 365,150 Three Months Ended February 1, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 7,209 $ 27,459 $ 1,511 $ 7,857 $ 9,195 $ 53,231 Limited configuration 26,304 6,436 12,422 5,580 10,609 61,351 Service and other 3,367 6,676 842 479 1,711 13,075 $ 36,880 $ 40,571 $ 14,775 $ 13,916 $ 21,515 $ 127,657 Timing of revenue recognition Goods/services transferred at a point in time $ 26,555 $ 8,614 $ 11,080 $ 5,683 $ 11,008 $ 62,940 Goods/services transferred over time 10,325 31,957 3,695 8,233 10,507 64,717 $ 36,880 $ 40,571 $ 14,775 $ 13,916 $ 21,515 $ 127,657 Nine Months Ended February 1, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 29,181 $ 114,459 $ 12,727 $ 32,173 $ 35,415 $ 223,955 Limited configuration 80,193 25,662 60,349 19,550 33,663 219,417 Service and other 11,192 19,075 2,357 1,541 5,287 39,452 $ 120,566 $ 159,196 $ 75,433 $ 53,264 $ 74,365 $ 482,824 Timing of revenue recognition Goods/services transferred at a point in time $ 81,562 $ 30,903 $ 55,791 $ 19,901 $ 34,696 $ 222,853 Goods/services transferred over time 39,004 128,293 19,642 33,363 39,669 259,971 $ 120,566 $ 159,196 $ 75,433 $ 53,264 $ 74,365 $ 482,824
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	January 30, May 2, Dollar Percent 2021 2020 Change Change Contract assets $ 30,310 $ 35,467 $ (5,157 ) (14.5 )% Contract liabilities - current 53,292 50,897 2,395 4.7 % Contract liabilities - noncurrent 10,587 10,707 (120 ) (1.1 )% January 30, 2021 Balance at beginning of period $ 24,490 New contracts sold 49,471 Less: reductions for revenue recognized (48,818 ) Foreign currency translation and other 194 Balance at end of period $ 25,337

Note 5 - Segment Reporting (Tab

Note 5 - Segment Reporting (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Nine Months Ended January 30, February 1, January 30, February 1, 2021 2020 2021 2020 Net sales: Commercial $ 30,085 $ 36,880 $ 94,947 $ 120,566 Live Events 23,330 40,571 112,626 159,196 High School Park and Recreation 14,644 14,775 71,165 75,433 Transportation 11,769 13,916 41,590 53,264 International 14,311 21,515 44,822 74,365 Total company net sales 94,139 127,657 365,150 482,824 Gross profit: Commercial 8,410 5,399 24,730 22,479 Live Events 4,256 7,815 20,910 32,486 High School Park and Recreation 6,437 3,184 25,410 22,595 Transportation 3,845 4,316 14,300 18,073 International 993 3,768 7,666 14,441 23,941 24,482 93,016 110,074 Operating expenses: Selling 12,004 16,552 36,214 51,026 General and administrative 6,389 8,640 20,777 26,698 Product design and development 5,784 8,442 20,053 29,063 24,177 33,634 77,044 106,787 Operating (loss) income (236 ) (9,152 ) 15,972 3,287 Nonoperating income (expense): Interest income 52 233 203 664 Interest expense (92 ) 13 (249 ) (53 ) Other (expense) income, net (913 ) (331 ) (2,377 ) (652 ) (Loss) income before income taxes $ (1,189 ) $ (9,237 ) $ 13,549 $ 3,246 Depreciation and amortization: Commercial $ 760 $ 930 $ 2,253 $ 2,799 Live Events 1,436 1,395 4,311 4,187 High School Park and Recreation 464 501 1,452 1,520 Transportation 233 255 704 771 International 738 646 2,132 1,733 Unallocated corporate depreciation 653 746 1,996 2,187 $ 4,284 $ 4,473 $ 12,848 $ 13,197
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended Nine Months Ended January 30, February 1, January 30, February 1, 2021 2020 2021 2020 Net sales: United States $ 78,152 $ 103,347 $ 314,674 $ 399,913 Outside United States 15,987 24,310 50,476 82,911 $ 94,139 $ 127,657 $ 365,150 $ 482,824 January 30, May 2, 2021 2020 Property and equipment, net of accumulated depreciation: United States $ 52,657 $ 58,422 Outside United States 9,148 9,062 $ 61,805 $ 67,484

Note 6 - Goodwill (Tables)

Note 6 - Goodwill (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Goodwill [Table Text Block]	Live Events Commercial Transportation International Total Balance as of May 2, 2020 $ 2,266 $ 3,144 $ 38 $ 2,295 $ 7,743 Foreign currency translation 30 205 29 255 519 Balance as of January 30, 2021 $ 2,296 $ 3,349 $ 67 $ 2,550 $ 8,262

Note 10 - Commitments and Con_2

Note 10 - Commitments and Contingencies (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	January 30, 2021 Beginning accrued warranty obligations $ 25,624 Warranties issued during the period 6,473 Settlements made during the period (4,115 ) Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations (1,520 ) Ending accrued warranty obligations $ 26,462

Note 12 - Fair Value Measurem_2

Note 12 - Fair Value Measurement (Tables)	9 Months Ended
	Jan. 30, 2021
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Level 1 Level 2 Level 3 Total Balance as of January 30, 2021 Cash and cash equivalents $ 76,877 $ — $ — $ 76,877 Restricted cash 3,884 — — 3,884 Available-for-sale securities: Certificates of deposit — 248 — 248 Derivatives - asset position — — — — Derivatives - liability position — (331 ) — (331 ) Acquisition-related contingent consideration — — (311 ) (311 ) $ 80,761 $ (83 ) $ (311 ) $ 80,367 Balance as of May 2, 2020 Cash and cash equivalents $ 40,398 $ — $ — $ 40,398 Restricted cash 14 — — 14 Available-for-sale securities: Certificates of deposit — 1,230 — 1,230 Derivatives - asset position — 261 — 261 Derivatives - liability position — (17 ) — (17 ) Acquisition-related contingent consideration — — (761 ) (761 ) $ 40,412 $ 1,474 $ (761 ) $ 41,125
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Acquisition-related contingent consideration as of May 2, 2020 $ 761 Additions 133 Settlements (600 ) Interest 17 Acquisition-related contingent consideration as of January 30, 2021 $ 311

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation (Details Textual) $ in Thousands	3 Months Ended			9 Months Ended
	Jan. 30, 2021USD ($)	Oct. 31, 2020USD ($)	Aug. 01, 2020USD ($)	Jan. 30, 2021USD ($)
Long-term Line of Credit, Total	$ 15,000			$ 15,000
Number of Employees, Voluntary Retirement			60
Voluntary Retirement Cost			$ 931
Number of Employees, Reduction in Force		150	108
Severance Costs		$ 2,742	$ 1,426
Government Wage Subsidy	254			1,632
Payroll Tax, Employer, Deferral under the CARES Act	$ 5,122			$ 5,122

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jan. 30, 2021	May 02, 2020	Feb. 01, 2020	Apr. 27, 2019
Cash and cash equivalents	$ 76,877	$ 40,398	$ 40,316
Restricted cash	3,884	14	60
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 80,761	$ 40,412	$ 40,376	$ 35,742

Note 1 - Basis of Presentatio_4

Note 1 - Basis of Presentation - Allowance for Doubtful Accounts (Details) $ in Thousands	9 Months Ended
	Jan. 30, 2021USD ($)
Balance as of May 2, 2020	$ 2,828
Charged to costs and expenses	2,724
Deductions	(1,392)	[1]
Balance as of January 30, 2021	$ 4,160
[1]	Includes account collections and write offs

Note 2 - Investments in Affil_2

Note 2 - Investments in Affiliates (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	May 02, 2020
Equity Method Investments	$ 15,517		$ 17,257
Income (Loss) from Equity Method Investments, Total	(1,740)	$ (430)
Related Party Transaction, Amounts of Transaction	661
Accounts Payable [Member]
Due to Related Parties, Total	$ 201

Note 3 - Earnings Per Share (_3

Note 3 - Earnings Per Share ("EPS") (Details Textual) - $ / shares	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2,337	2,193	2,268	2,223
Antidilutive Securities Excluded from Computation of Earnings Per Share, Weighted Average Exercise Price (in dollars per share)	$ 8.70	$ 9.92	$ 9.29	$ 9.95

Note 3 - Earnings Per Share (_4

Note 3 - Earnings Per Share ("EPS") - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Jan. 30, 2021	Oct. 31, 2020	Aug. 01, 2020	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	Jan. 30, 2021	Feb. 01, 2020
Basic (loss) earnings per share	$ (214)	$ 3,416	$ 7,467	$ (12,734)	$ 7,274	$ 7,030	$ 10,669	$ 1,570
Basic (loss) earnings per share (in shares)	45,064			45,189			44,908	45,139
Basic (loss) earnings per share (in dollars per share)	$ 0			$ (0.28)			$ 0.24	$ 0.03
Dilution associated with stock compensation plans (in shares)	0			0			153	273
Diluted (loss) earnings per share	$ (214)			$ (12,734)			$ 10,669	$ 1,570
Diluted (loss) earnings per share (in shares)	45,064			45,189			45,061	45,412
Diluted (loss) earnings per share (in dollars per share)	$ 0			$ (0.28)			$ 0.24	$ 0.03

Note 4 - Revenue Recognition 1

Note 4 - Revenue Recognition 1 (Details Textual) $ in Thousands	9 Months Ended
	Jan. 30, 2021USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 42,851
Revenue, Remaining Performance Obligation, Amount	248,643
Product [Member]
Revenue, Remaining Performance Obligation, Amount	194,534
Service [Member]
Revenue, Remaining Performance Obligation, Amount	$ 54,109

Note 4 - Revenue Recognition 2

Note 4 - Revenue Recognition 2 (Details Textual) $ in Thousands	Jan. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 248,643
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-31
Revenue, Remaining Performance Obligation, Amount	$ 211,787
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month)	12 months

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Net sales	$ 94,139	$ 127,657	$ 365,150	$ 482,824
Transferred at Point in Time [Member]
Net sales	51,196	62,940	179,301	222,853
Transferred over Time [Member]
Net sales	42,943	64,717	185,849	259,971
Unique Configuration [Member]
Net sales	32,732	53,231	154,081	223,955
Limited Configuration [Member]
Net sales	50,254	61,351	176,802	219,417
Service and Other [Member]
Net sales	11,153	13,075	34,267	39,452
Commercial [Member]
Net sales	30,085	36,880	94,947	120,566
Commercial [Member] | Transferred at Point in Time [Member]
Net sales	25,092	26,555	71,210	81,562
Commercial [Member] | Transferred over Time [Member]
Net sales	4,993	10,325	23,737	39,004
Commercial [Member] | Unique Configuration [Member]
Net sales	2,087	7,209	14,322	29,181
Commercial [Member] | Limited Configuration [Member]
Net sales	24,630	26,304	69,796	80,193
Commercial [Member] | Service and Other [Member]
Net sales	3,368	3,367	10,829	11,192
Live Events [Member]
Net sales	23,330	40,571	112,626	159,196
Live Events [Member] | Transferred at Point in Time [Member]
Net sales	5,720	8,614	18,670	30,903
Live Events [Member] | Transferred over Time [Member]
Net sales	17,610	31,957	93,956	128,293
Live Events [Member] | Unique Configuration [Member]
Net sales	14,006	27,459	83,283	114,459
Live Events [Member] | Limited Configuration [Member]
Net sales	4,536	6,436	14,566	25,662
Live Events [Member] | Service and Other [Member]
Net sales	4,788	6,676	14,777	19,075
High School Park and Recreation [Member]
Net sales	14,644	14,775	71,165	75,433
High School Park and Recreation [Member] | Transferred at Point in Time [Member]
Net sales	9,163	11,080	48,249	55,791
High School Park and Recreation [Member] | Transferred over Time [Member]
Net sales	5,481	3,695	22,916	19,642
High School Park and Recreation [Member] | Unique Configuration [Member]
Net sales	3,604	1,511	16,363	12,727
High School Park and Recreation [Member] | Limited Configuration [Member]
Net sales	10,424	12,422	52,808	60,349
High School Park and Recreation [Member] | Service and Other [Member]
Net sales	616	842	1,994	2,357
Transportation [Member]
Net sales	11,769	13,916	41,590	53,264
Transportation [Member] | Transferred at Point in Time [Member]
Net sales	3,436	5,683	15,740	19,901
Transportation [Member] | Transferred over Time [Member]
Net sales	8,333	8,233	25,850	33,363
Transportation [Member] | Unique Configuration [Member]
Net sales	7,880	7,857	24,579	32,173
Transportation [Member] | Limited Configuration [Member]
Net sales	3,273	5,580	15,364	19,550
Transportation [Member] | Service and Other [Member]
Net sales	616	479	1,647	1,541
International [Member]
Net sales	14,311	21,515	44,822	74,365
International [Member] | Transferred at Point in Time [Member]
Net sales	7,785	11,008	25,432	34,696
International [Member] | Transferred over Time [Member]
Net sales	6,526	10,507	19,390	39,669
International [Member] | Unique Configuration [Member]
Net sales	5,155	9,195	15,534	35,415
International [Member] | Limited Configuration [Member]
Net sales	7,391	10,609	24,268	33,663
International [Member] | Service and Other [Member]
Net sales	$ 1,765	$ 1,711	$ 5,020	$ 5,287

Note 4 - Revenue Recognition _2

Note 4 - Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	9 Months Ended
	Jan. 30, 2021	May 02, 2020
Contract assets	$ 30,310	$ 35,467
Contract assets, dollar change	$ (5,157)
Contract assets, percent change	(14.50%)
Contract liabilities - current	$ 53,292	50,897
Contract liabilities - current, dollar change	$ 2,395
Contract liabilities - current, percent change	4.70%
Contract liabilities - noncurrent	$ 10,587	$ 10,707
Contract liabilities - noncurrent, dollar change	$ (120)
Contract liabilities - noncurrent, percent change	(1.10%)
Less: reductions for revenue recognized	$ (42,851)
Service-type Warranty Contracts [Member]
Balance at beginning of period	24,490
New contracts sold	49,471
Less: reductions for revenue recognized	(48,818)
Foreign currency translation and other	194
Balance at end of period	$ 25,337

Note 5 - Segment Reporting (Det

Note 5 - Segment Reporting (Details Textual)	9 Months Ended
	Jan. 30, 2021
Number of Reportable Segments	5

Note 5 - Segment Reporting - Se

Note 5 - Segment Reporting - Segment Reporting Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Net sales		$ 94,139	$ 127,657	$ 365,150	$ 482,824
Gross profit		23,941	24,482	93,016	110,074
Selling		12,004	16,552	36,214	51,026
General and administrative		6,389	8,640	20,777	26,698
Product design and development		5,784	8,442	20,053	29,063
Operating Expenses, Total		24,177	33,634	77,044	106,787
Operating (loss) income		(236)	(9,152)	15,972	3,287
Interest income		52	233	203	664
Interest expense		(92)	13	(249)	(53)
Other (expense) income, net		(913)	(331)	(2,377)	(652)
(Loss) income before income taxes		(1,189)	(9,237)	13,549	3,246
Depreciation and amortization	[1]	4,284	4,473	12,848	13,197
Corporate, Non-Segment [Member]
Depreciation and amortization		653	746	1,996	2,187
Commercial [Member]
Net sales		30,085	36,880	94,947	120,566
Commercial [Member] | Operating Segments [Member]
Net sales		30,085	36,880	94,947	120,566
Gross profit		8,410	5,399	24,730	22,479
Depreciation and amortization	[1]	760	930	2,253	2,799
Live Events [Member]
Net sales		23,330	40,571	112,626	159,196
Live Events [Member] | Operating Segments [Member]
Net sales		23,330	40,571	112,626	159,196
Gross profit		4,256	7,815	20,910	32,486
Depreciation and amortization	[1]	1,436	1,395	4,311	4,187
High School Park and Recreation [Member]
Net sales		14,644	14,775	71,165	75,433
High School Park and Recreation [Member] | Operating Segments [Member]
Net sales		14,644	14,775	71,165	75,433
Gross profit		6,437	3,184	25,410	22,595
Depreciation and amortization	[1]	464	501	1,452	1,520
Transportation [Member]
Net sales		11,769	13,916	41,590	53,264
Transportation [Member] | Operating Segments [Member]
Net sales		11,769	13,916	41,590	53,264
Gross profit		3,845	4,316	14,300	18,073
Depreciation and amortization	[1]	233	255	704	771
International [Member]
Net sales		14,311	21,515	44,822	74,365
International [Member] | Operating Segments [Member]
Net sales		14,311	21,515	44,822	74,365
Gross profit		993	3,768	7,666	14,441
Depreciation and amortization	[1]	$ 738	$ 646	$ 2,132	$ 1,733
[1]	Contribution margin consists of gross profit less selling expense.

Note 5 - Segment Reporting - Ne

Note 5 - Segment Reporting - Net Sales and Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020	May 02, 2020
Net sales	$ 94,139	$ 127,657	$ 365,150	$ 482,824
Property and equipment, net of accumulated depreciation	61,805		61,805		$ 67,484
UNITED STATES
Net sales	78,152	103,347	314,674	399,913
Property and equipment, net of accumulated depreciation	52,657		52,657		58,422
Non-US [Member]
Net sales	15,987	$ 24,310	50,476	$ 82,911
Property and equipment, net of accumulated depreciation	$ 9,148		$ 9,148		$ 9,062

Note 6 - Goodwill - Goodwill (D

Note 6 - Goodwill - Goodwill (Details) $ in Thousands	9 Months Ended
	Jan. 30, 2021USD ($)
Balance	$ 7,743
Foreign currency translation	519
Balance	8,262
Live Events [Member]
Balance	2,266
Foreign currency translation	30
Balance	2,296
Commercial [Member]
Balance	3,144
Foreign currency translation	205
Balance	3,349
Transportation [Member]
Balance	38
Foreign currency translation	29
Balance	67
International [Member]
Balance	2,295
Foreign currency translation	255
Balance	$ 2,550

Note 7 - Receivables (Details T

Note 7 - Receivables (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Jan. 30, 2021	May 02, 2020
Accounts Receivable, Allowance for Credit Loss, Current	$ 4,160	$ 2,828
Accounts Receivable, after Allowance for Credit Loss, Current, Total	63,212	72,577
Retainage on Construction-type Contracts [Member]
Accounts Receivable, after Allowance for Credit Loss, Current, Total	1,219	687
Financing Receivable [Member]
Financing Receivable, after Allowance for Credit Loss, Total	2,490	4,633
Financing Receivable, before Allowance for Credit Loss, Total	$ 2,618	$ 5,166
Financing Receivable [Member] | Minimum [Member]
Contract and Leases Receivable, Interest Rate	5.00%
Financing Receivable [Member] | Maximum [Member]
Contract and Leases Receivable, Interest Rate	9.00%

Note 8 - Financing Agreements (

Note 8 - Financing Agreements (Details Textual) $ in Thousands	Jan. 30, 2021USD ($)	Aug. 28, 2020USD ($)
Long-term Line of Credit, Total	$ 15,000
Guarantees [Member]
Loss Contingency Accrual, Ending Balance	3,637
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 35,000
Debt Instrument, Covenant, Maximum Interest-bearing Debt to EBITDA Ratio		2.5
Long-term Line of Credit, Total	15,000
Line of Credit Facility, Remaining Borrowing Capacity	13,290
Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 20,000
Long-term Line of Credit, Total	$ 6,710

Note 9 - Share Repurchase Pro_2

Note 9 - Share Repurchase Program (Details Textual) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jun. 17, 2016
Stock Repurchase Program, Authorized Amount			$ 40,000
Stock Repurchased During Period, Shares (in shares)	0	378
Stock Repurchased During Period, Value		$ 2,329
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 35,846

Note 10 - Commitments and Con_3

Note 10 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	Jan. 30, 2021	May 02, 2020
Financial Standby Letter of Credit [Member]
Loss Contingency Accrual, Ending Balance	$ 6,710
Guarantees [Member]
Loss Contingency Accrual, Ending Balance	3,637
Surety Bond [Member]
Loss Contingency Accrual, Ending Balance	$ 38,929
Accrued Expenses [Member]
Estimated Litigation Liability, Current		$ 2,072

Note 10 - Commitments and Con_4

Note 10 - Commitments and Contingencies - Warranties (Details) $ in Thousands	9 Months Ended
	Jan. 30, 2021USD ($)
Beginning accrued warranty obligations	$ 25,624
Warranties issued during the period	6,473
Settlements made during the period	(4,115)
Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations	(1,520)
Ending accrued warranty obligations	$ 26,462

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 30, 2021	Feb. 01, 2020	Jan. 30, 2021	Feb. 01, 2020
Effective Income Tax Rate Reconciliation, Percent, Total	82.00%	37.90%	21.30%	51.60%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 554		$ 554
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open Tax Year			2018 2019 2020
State and Local Jurisdiction [Member]
Open Tax Year			2017 2018 2019 2020
Foreign Tax Authority [Member]
Open Tax Year			2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Note 12 - Fair Value Measurem_3

Note 12 - Fair Value Measurement - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 30, 2021	May 02, 2020
Cash and cash equivalents	$ 76,877	$ 40,398
Restricted cash	3,884	14
Derivatives - asset position	0	261
Derivatives - liability position	(331)	(17)
Acquisition-related contingent consideration	(311)	(761)
Fair Value, Net Asset (Liability), Total	80,367	41,125
Certificates of Deposit [Member]
Certificates of deposit	248	1,230
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	76,877	40,398
Restricted cash	3,884	14
Derivatives - asset position	0	0
Derivatives - liability position	0	0
Acquisition-related contingent consideration	0	0
Fair Value, Net Asset (Liability), Total	80,761	40,412
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Certificates of deposit	0	0
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Restricted cash	0	0
Derivatives - asset position	0	261
Derivatives - liability position	(331)	(17)
Acquisition-related contingent consideration	0	0
Fair Value, Net Asset (Liability), Total	(83)	1,474
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Certificates of deposit	248	1,230
Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Restricted cash	0	0
Derivatives - asset position	0	0
Derivatives - liability position	0	0
Acquisition-related contingent consideration	(311)	(761)
Fair Value, Net Asset (Liability), Total	(311)	(761)
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Certificates of deposit	$ 0	$ 0

Note 12 - Fair Value Measurem_4

Note 12 - Fair Value Measurement - Contingent Liabilities (Details) - Contingent Consideration Liability [Member] $ in Thousands	9 Months Ended
	Jan. 30, 2021USD ($)
Acquisition-related contingent consideration as of May 2, 2020	$ 761
Additions	133
Settlements	(600)
Interest	17
Acquisition-related contingent consideration as of January 30, 2021	$ 311