Daktronics (DAKT) 10-Q 1 Dec 21 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Oct. 30, 2021	Nov. 23, 2021
Document Information [Line Items]
Entity Central Index Key	0000915779
Entity Registrant Name	DAKTRONICS INC
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 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		45,464,957
Preferred Share Purchase Right [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	Oct. 30, 2021	May 01, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 59,727	$ 77,590
Restricted cash	1,877	2,812
Accounts receivable, net	95,156	67,808
Inventories	94,790	74,356
Contract assets	40,231	32,799
Current maturities of long-term receivables	2,167	1,462
Prepaid expenses and other current assets	10,897	7,445
Income tax receivables	322	731
Total current assets	305,167	265,003
Property and equipment, net	56,084	58,682
Long-term receivables, less current maturities	6,357	1,635
Goodwill	8,293	8,414
Intangibles, net	1,706	2,083
Investment in affiliates and other assets	28,259	27,403
Deferred income taxes	11,940	11,944
TOTAL ASSETS	417,806	375,164
CURRENT LIABILITIES:
Accounts payable	65,963	40,251
Contract liabilities	70,158	64,495
Accrued expenses	32,683	30,672
Warranty obligations	10,285	10,464
Income taxes payable	850	738
Total current liabilities	179,939	146,620
Long-term warranty obligations	15,493	15,496
Long-term contract liabilities	10,707	10,720
Other long-term obligations	9,809	7,816
Long-term income taxes payable	682	548
Deferred income taxes	373	410
Total long-term liabilities	37,064	34,990
SHAREHOLDERS' EQUITY:
Common Stock, no par value, authorized 115,000,000 shares; 46,602,035 and 46,264,576 shares issued at October 30, 2021 and May 1, 2021, respectively	61,175	60,575
Additional paid-in capital	47,412	46,595
Retained earnings	102,075	96,016
Treasury Stock, at cost, 1,266,401 and 1,297,409 shares at October 30, 2021 and May 1, 2021, respectively	(7,101)	(7,297)
Accumulated other comprehensive loss	(2,758)	(2,335)
TOTAL SHAREHOLDERS' EQUITY	200,803	193,554
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 417,806	$ 375,164

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Oct. 30, 2021	May 01, 2021
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)	46,602,035	46,264,576
Treasury stock, shares (in shares)	1,266,401	1,297,409

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net sales	$ 164,477	$ 127,367	$ 309,209	$ 271,011
Cost of sales	132,213	94,053	244,757	201,936
Gross profit	32,264	33,314	64,452	69,075
Operating expenses:
Selling	12,482	12,654	24,277	24,210
General and administrative	8,201	7,264	15,772	14,388
Product design and development	7,196	6,737	14,358	14,269
Operating Expenses, Total	27,879	26,655	54,407	52,867
Operating income	4,385	6,659	10,045	16,208
Nonoperating (expense) income:
Interest (expense) income, net	(59)	(18)	78	(6)
Other (expense) income, net	(952)	(837)	(1,820)	(1,464)
Income before income taxes	3,374	5,804	8,303	14,738
Income tax expense	1,000	2,388	2,244	3,855
Net income	$ 2,374	$ 3,416	$ 6,059	$ 10,883
Weighted average shares outstanding:
Basic (in shares)	45,350	44,893	45,271	44,808
Diluted (in shares)	45,499	44,977	45,490	44,947
Earnings per share:
Basic (in dollars per share)	$ 0.05	$ 0.08	$ 0.13	$ 0.24
Diluted (in dollars per share)	$ 0.05	$ 0.08	$ 0.13	$ 0.24

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net income	$ 2,374	$ 3,416	$ 6,059	$ 10,883
Other comprehensive (loss) income:
Cumulative translation adjustments	(50)	384	(423)	1,421
Total other comprehensive (loss) income, net of tax	(50)	384	(423)	1,421
Comprehensive income	$ 2,324	$ 3,800	$ 5,636	$ 12,304

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 May. 02, 2020	$ 60,010	$ 44,627	$ 85,090	$ (7,470)	$ (5,277)	$ 176,980
Net 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 income						10,883
Cumulative translation adjustments						1,421
Balance at Oct. 31, 2020	60,010	45,575	95,973	(7,297)	(3,856)	190,405
Balance at Aug. 01, 2020	60,010	45,192	92,557	(7,297)	(4,240)	186,222
Net 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
Balance at May. 01, 2021	60,575	46,595	96,016	(7,297)	(2,335)	193,554
Net income	0	0	3,685	0	0	3,685
Cumulative translation adjustments	0	0	0	0	(373)	(373)
Share-based compensation	0	518	0	0	0	518
Employee savings plan activity	597	0	0	0	0	597
Treasury stock reissued	0	4	0	196	0	200
Balance at Jul. 31, 2021	61,172	47,117	99,701	(7,101)	(2,708)	198,181
Balance at May. 01, 2021	60,575	46,595	96,016	(7,297)	(2,335)	193,554
Net income						6,059
Cumulative translation adjustments						(423)
Balance at Oct. 30, 2021	61,175	47,412	102,075	(7,101)	(2,758)	200,803
Balance at Jul. 31, 2021	61,172	47,117	99,701	(7,101)	(2,708)	198,181
Net income	0	0	2,374	0	0	2,374
Cumulative translation adjustments	0	0	0	0	(50)	(50)
Share-based compensation	0	494	0	0	0	494
Exercise of stock options	3	0	0	0	0	3
Tax payments related to RSU issuances	0	(199)	0	0	0	(199)
Balance at Oct. 30, 2021	$ 61,175	$ 47,412	$ 102,075	$ (7,101)	$ (2,758)	$ 200,803

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 6,059	$ 10,883
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	7,789	8,564
Gain on sale of property, equipment and other assets	(676)	(162)
Share-based compensation	1,012	1,047
Equity in loss of investees	1,565	1,145
Provision for doubtful accounts	(588)	153
Deferred income taxes, net	(41)	2
Change in operating assets and liabilities	(23,654)	18,343
Net cash (used in) provided by operating activities	(8,534)	39,975
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(4,507)	(5,776)
Proceeds from sales of property, equipment and other assets	760	341
Proceeds from sales or maturities of marketable securities	0	247
Purchases of and loans to equity investees	(6,129)	(903)
Net cash used in investing activities	(9,876)	(6,091)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on long-term obligations	(200)	(220)
Proceed from exercise of stock options	3	0
Tax payments related to RSU issuances	(199)	(125)
Net cash used in financing activities	(396)	(345)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	8	(498)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(18,798)	33,041
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Beginning of period	80,402	40,412
End of period	61,604	73,453
Supplemental disclosures of cash flow information:
Interest	0	113
Income taxes, net of refunds	1,270	1,171
Supplemental schedule of non-cash investing and financing activities:
Demonstration equipment transferred to inventory	53	0
Purchases of property and equipment included in accounts payable	1,283	660
Contributions of common stock under the ESPP	$ 597	$ 0

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Oct. 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 accounting principles generally accepted 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 1, 2021 not May 1, 2021 10 not may Daktronics, Inc. operates on a 52 53 April 30 April 30 13 53 first three 13 six October 30, 2021 October 31, 2020 26 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. Restricted cash consists of cash and cash equivalents held in bank deposit accounts to secure issuances of foreign bank guarantees. October 30, October 31, 2021 2020 Cash and cash equivalents $ 59,727 $ 69,836 Restricted cash 1,877 3,617 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 61,604 $ 73,453 Other Business Developments - Coronavirus Pandemic During fiscal 2021, 19" 2021 2021 April 1, 2020, 2021, A special voluntary retirement and voluntary exit incentive program ("Offering") and two first six 2021 19 first 2021 first 2021 first 2021 second 2021 We received governmental wage subsidies from various governmental programs related to COVID implications of $280 and $1,378 during the six October 30, 2021 October 31, 2020 December 31, 2020. October 30, 2021 50 December 31, 2021, 50 December 31, 2022. The pandemic continues to evolve, as evidenced by the recent Omicron variant reports, impacting economic and business conditions. We continue to monitor guidance from international and domestic authorities regarding the COVID- 19 may 2021, no first may may Recent Accounting Pronouncements There have been no 10 May 1, 2021 Accounting Standards Adopted There are no six October 30, 2021 Accounting Standards Not There are no not October 30, 2021

Note 2 - Investments in Affilia

Note 2 - Investments in Affiliates	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Investment [Text Block]	Note 2. The aggregate amount of our investments in affiliates accounted for under the equity method was $18,322 and $19,887 at October 30, 2021 May 1, 2021 three six October 30, 2021 three six October 31, 2020 six October 30, 2021, six October 31, 2020 second 2022,

Note 3 - Earnings Per Share ("E

Note 3 - Earnings Per Share ("EPS")	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 3. 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 six October 30, 2021 October 31, 2020 Net income Shares Per share income For the three months ended October 30, 2021 Basic earnings per share $ 2,374 45,350 $ 0.05 Dilution associated with stock compensation plans — 149 — Diluted earnings per share $ 2,374 45,499 $ 0.05 For the three months ended October 31, 2020 Basic earnings per share $ 3,416 44,893 $ 0.08 Dilution associated with stock compensation plans — 84 — Diluted earnings per share $ 3,416 44,977 $ 0.08 For the six months ended October 30, 2021 Basic earnings per share $ 6,059 45,271 $ 0.13 Dilution associated with stock compensation plans — 219 — Diluted earnings per share $ 6,059 45,490 $ 0.13 For the six months ended October 31, 2020 Basic earnings per share $ 10,883 44,808 $ 0.24 Dilution associated with stock compensation plans — 139 — Diluted earnings per share $ 10,883 44,947 $ 0.24 Options outstanding to purchase 1,943 shares of common stock with a weighted average exercise price of $9.22 for the three October 30, 2021 three October 31, 2020 not Options outstanding to purchase 1,877 shares of common stock with a weighted average exercise price of $9.37 for the six October 30, 2021 six October 31, 2020 not

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 4. Disaggregation of revenue The following table presents our disaggregation of revenue by segments: Three Months Ended October 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 4,559 $ 43,528 $ 6,908 $ 8,976 $ 11,562 $ 75,533 Limited configuration 25,977 8,825 24,916 4,552 10,466 74,736 Service and other 3,927 7,043 923 525 1,790 14,208 $ 34,463 $ 59,396 $ 32,747 $ 14,053 $ 23,818 $ 164,477 Timing of revenue recognition Goods/services transferred at a point in time $ 26,362 $ 11,508 $ 23,115 $ 4,634 $ 10,815 $ 76,434 Goods/services transferred over time 8,101 47,888 9,632 9,419 13,003 88,043 $ 34,463 $ 59,396 $ 32,747 $ 14,053 $ 23,818 $ 164,477 Six Months Ended October 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 8,146 $ 85,036 $ 11,074 $ 15,517 $ 17,445 $ 137,218 Limited configuration 51,884 14,667 47,873 9,904 22,011 146,339 Service and other 7,214 12,080 1,694 1,190 3,474 25,652 $ 67,244 $ 111,783 $ 60,641 $ 26,611 $ 42,930 $ 309,209 Timing of revenue recognition Goods/services transferred at a point in time $ 52,741 $ 18,337 $ 45,056 $ 10,205 $ 22,834 $ 149,173 Goods/services transferred over time 14,503 93,446 15,585 16,406 20,096 160,036 $ 67,244 $ 111,783 $ 60,641 $ 26,611 $ 42,930 $ 309,209 Three Months Ended October 31, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 3,508 $ 27,302 $ 5,091 $ 8,975 $ 6,367 $ 51,243 Limited configuration 22,611 4,611 21,696 5,825 8,224 62,967 Service and other 4,237 5,909 791 523 1,697 13,157 $ 30,356 $ 37,822 $ 27,578 $ 15,323 $ 16,288 $ 127,367 Timing of revenue recognition Goods/services transferred at a point in time $ 23,226 $ 6,736 $ 19,718 $ 5,930 $ 8,468 $ 64,078 Goods/services transferred over time 7,130 31,086 7,860 9,393 7,820 63,289 $ 30,356 $ 37,822 $ 27,578 $ 15,323 $ 16,288 $ 127,367 Six Months Ended October 31, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 12,235 $ 69,277 $ 12,759 $ 16,699 $ 10,379 $ 121,349 Limited configuration 45,166 10,030 42,384 12,091 16,877 126,548 Service and other 7,461 9,989 1,378 1,031 3,255 23,114 $ 64,862 $ 89,296 $ 56,521 $ 29,821 $ 30,511 $ 271,011 Timing of revenue recognition Goods/services transferred at a point in time $ 46,118 $ 12,950 $ 39,086 $ 12,304 $ 17,647 $ 128,105 Goods/services transferred over time 18,744 76,346 17,435 17,517 12,864 142,906 $ 64,862 $ 89,296 $ 56,521 $ 29,821 $ 30,511 $ 271,011 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: October 30, May 1, Dollar Percent 2021 2021 Change Change Contract assets $ 40,231 $ 32,799 $ 7,432 22.7 % Contract liabilities - current 70,158 64,495 5,663 8.8 % Contract liabilities - noncurrent 10,707 10,720 (13 ) (0.1 )% The changes in our contract assets and contract liabilities from May 1, 2021 October 30, 2021 no six October 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: October 30, 2021 Balance at beginning of period $ 24,590 New contracts sold 22,764 Less: reductions for revenue recognized (19,955 ) Foreign currency translation and other 260 Balance at end of period $ 27,659 As of October 30, 2021 May 1, 2021 During the six October 30, 2021 May 1, 2021 Remaining performance obligations As of October 30, 2021 October 30, 2021 may

Note 5 - Segment Reporting

Note 5 - Segment Reporting	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 5. The following table sets forth certain financial information for each of our five reporting segments for the periods indicated: Three Months Ended Six Months Ended October 30, October 31, October 30, October 31, 2021 2020 2021 2020 Net sales: Commercial $ 34,463 $ 30,356 $ 67,244 $ 64,862 Live Events 59,396 37,822 111,783 89,296 High School Park and Recreation 32,747 27,578 60,641 56,521 Transportation 14,053 15,323 26,611 29,821 International 23,818 16,288 42,930 30,511 164,477 127,367 309,209 271,011 Gross profit: Commercial 7,445 8,578 14,623 16,320 Live Events 5,585 7,300 14,167 16,654 High School Park and Recreation 10,749 8,497 20,258 18,973 Transportation 4,404 5,312 8,155 10,455 International 4,081 3,627 7,249 6,673 32,264 33,314 64,452 69,075 Operating expenses: Selling 12,482 12,654 24,277 24,210 General and administrative 8,201 7,264 15,772 14,388 Product design and development 7,196 6,737 14,358 14,269 27,879 26,655 54,407 52,867 Operating income 4,385 6,659 10,045 16,208 Nonoperating income (expense): Interest (expense) income, net (59 ) (18 ) 78 (6 ) Other (expense) income, net (952 ) (837 ) (1,820 ) (1,464 ) Income before income taxes $ 3,374 $ 5,804 $ 8,303 $ 14,738 Depreciation and amortization: Commercial $ 601 $ 721 $ 1,303 $ 1,493 Live Events 1,248 1,424 2,585 2,875 High School Park and Recreation 340 492 778 988 Transportation 127 234 266 471 International 752 701 1,478 1,394 Unallocated corporate depreciation 669 655 1,379 1,343 $ 3,737 $ 4,227 $ 7,789 $ 8,564 No Three Months Ended Six Months Ended October 30, October 31, October 30, October 31, 2021 2020 2021 2020 Net sales: United States $ 138,821 $ 108,453 $ 262,303 $ 236,522 Outside United States 25,656 18,914 46,906 34,489 $ 164,477 $ 127,367 $ 309,209 $ 271,011 October 30, May 1, 2021 2021 Property and equipment, net of accumulated depreciation: United States $ 48,609 $ 50,130 Outside United States 7,475 8,552 $ 56,084 $ 58,682 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	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 6. The changes in the carrying amount of goodwill related to each reportable segment for the six October 30, 2021 Live Events Commercial Transportation International Total Balance as of May 1, 2021 $ 2,313 $ 3,464 $ 84 $ 2,553 $ 8,414 Foreign currency translation (2 ) (14 ) (2 ) (103 ) (121 ) Balance as of October 30, 2021 $ 2,311 $ 3,450 $ 82 $ 2,450 $ 8,293 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 first third 2022, October 31, 2021.

Note 7 - Financing Agreements

Note 7 - Financing Agreements	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 7. As of October 30, 2021 no October 30, 2021 We are sometimes required to obtain bank guarantees or other financial instruments for display installations. If we are unable to meet the terms of the arrangement, our customer would draw on the banking arrangement, and the bank would subrogate its loss to Daktronics. As of October 30, 2021 As of October 30, 2021

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 8. Litigation: not no not Warranties: six October 30, 2021 October 30, 2021 Beginning accrued warranty obligations $ 25,960 Warranties issued during the period 4,926 Settlements made during the period (3,501 ) Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations (1,607 ) Ending accrued warranty obligations $ 25,778 Performance guarantees: October 30, 2021 one October 30, 2021 not

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 9. 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 six October 30, 2021 three six October 31, 2020 second 2021 second 2022. We operate both domestically and internationally and, as of October 30, 2021 October 30, 2021

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurement	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 10. 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 October 30, 2021 May 1, 2021 no , Fair Value Measurements Level 1 Level 2 Level 3 Total Balance as of October 30, 2021 Cash and cash equivalents $ 59,727 $ — $ — $ 59,727 Restricted cash 1,877 — — 1,877 Derivatives - asset position — 20 — 20 Derivatives - liability position — (196 ) — (196 ) $ 61,604 $ (176 ) $ — $ 61,428 Balance as of May 1, 2021 Cash and cash equivalents $ 77,590 $ — $ — $ 77,590 Restricted cash 2,812 — — 2,812 Derivatives - asset position — 4 — 4 Derivatives - liability position — (261 ) — (261 ) Acquisition-related contingent consideration — — (363 ) (363 ) $ 80,402 $ (257 ) $ (363 ) $ 79,782 A roll forward of the Level 3 six October 30, 2021 Acquisition-related contingent consideration as of May 1, 2021 $ 363 Additions 33 Settlements (400 ) Interest 4 Acquisition-related contingent consideration as of October 30, 2021 $ — There have been no 2021 10 May 1, 2021

Note 11 - Subsequent Events

Note 11 - Subsequent Events	6 Months Ended
	Oct. 30, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	Note 11. Effective on November 19, 2021, November 19, 2021  November 16, 2018 ( November 19, 2021 November 19, 2024 The terms of the Rights are more fully described in Item 1.01 8 November 19, 2021, 4.2 8

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Oct. 30, 2021
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements There have been no 10 May 1, 2021 Accounting Standards Adopted There are no six October 30, 2021 Accounting Standards Not There are no not October 30, 2021

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	October 30, October 31, 2021 2020 Cash and cash equivalents $ 59,727 $ 69,836 Restricted cash 1,877 3,617 Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 61,604 $ 73,453

Note 3 - Earnings Per Share (_2

Note 3 - Earnings Per Share ("EPS") (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net income Shares Per share income For the three months ended October 30, 2021 Basic earnings per share $ 2,374 45,350 $ 0.05 Dilution associated with stock compensation plans — 149 — Diluted earnings per share $ 2,374 45,499 $ 0.05 For the three months ended October 31, 2020 Basic earnings per share $ 3,416 44,893 $ 0.08 Dilution associated with stock compensation plans — 84 — Diluted earnings per share $ 3,416 44,977 $ 0.08 For the six months ended October 30, 2021 Basic earnings per share $ 6,059 45,271 $ 0.13 Dilution associated with stock compensation plans — 219 — Diluted earnings per share $ 6,059 45,490 $ 0.13 For the six months ended October 31, 2020 Basic earnings per share $ 10,883 44,808 $ 0.24 Dilution associated with stock compensation plans — 139 — Diluted earnings per share $ 10,883 44,947 $ 0.24

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended October 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 4,559 $ 43,528 $ 6,908 $ 8,976 $ 11,562 $ 75,533 Limited configuration 25,977 8,825 24,916 4,552 10,466 74,736 Service and other 3,927 7,043 923 525 1,790 14,208 $ 34,463 $ 59,396 $ 32,747 $ 14,053 $ 23,818 $ 164,477 Timing of revenue recognition Goods/services transferred at a point in time $ 26,362 $ 11,508 $ 23,115 $ 4,634 $ 10,815 $ 76,434 Goods/services transferred over time 8,101 47,888 9,632 9,419 13,003 88,043 $ 34,463 $ 59,396 $ 32,747 $ 14,053 $ 23,818 $ 164,477 Six Months Ended October 30, 2021 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 8,146 $ 85,036 $ 11,074 $ 15,517 $ 17,445 $ 137,218 Limited configuration 51,884 14,667 47,873 9,904 22,011 146,339 Service and other 7,214 12,080 1,694 1,190 3,474 25,652 $ 67,244 $ 111,783 $ 60,641 $ 26,611 $ 42,930 $ 309,209 Timing of revenue recognition Goods/services transferred at a point in time $ 52,741 $ 18,337 $ 45,056 $ 10,205 $ 22,834 $ 149,173 Goods/services transferred over time 14,503 93,446 15,585 16,406 20,096 160,036 $ 67,244 $ 111,783 $ 60,641 $ 26,611 $ 42,930 $ 309,209 Three Months Ended October 31, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 3,508 $ 27,302 $ 5,091 $ 8,975 $ 6,367 $ 51,243 Limited configuration 22,611 4,611 21,696 5,825 8,224 62,967 Service and other 4,237 5,909 791 523 1,697 13,157 $ 30,356 $ 37,822 $ 27,578 $ 15,323 $ 16,288 $ 127,367 Timing of revenue recognition Goods/services transferred at a point in time $ 23,226 $ 6,736 $ 19,718 $ 5,930 $ 8,468 $ 64,078 Goods/services transferred over time 7,130 31,086 7,860 9,393 7,820 63,289 $ 30,356 $ 37,822 $ 27,578 $ 15,323 $ 16,288 $ 127,367 Six Months Ended October 31, 2020 High School Commercial Live Events Park and Recreation Transportation International Total Type of performance obligation Unique configuration $ 12,235 $ 69,277 $ 12,759 $ 16,699 $ 10,379 $ 121,349 Limited configuration 45,166 10,030 42,384 12,091 16,877 126,548 Service and other 7,461 9,989 1,378 1,031 3,255 23,114 $ 64,862 $ 89,296 $ 56,521 $ 29,821 $ 30,511 $ 271,011 Timing of revenue recognition Goods/services transferred at a point in time $ 46,118 $ 12,950 $ 39,086 $ 12,304 $ 17,647 $ 128,105 Goods/services transferred over time 18,744 76,346 17,435 17,517 12,864 142,906 $ 64,862 $ 89,296 $ 56,521 $ 29,821 $ 30,511 $ 271,011
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	October 30, May 1, Dollar Percent 2021 2021 Change Change Contract assets $ 40,231 $ 32,799 $ 7,432 22.7 % Contract liabilities - current 70,158 64,495 5,663 8.8 % Contract liabilities - noncurrent 10,707 10,720 (13 ) (0.1 )% October 30, 2021 Balance at beginning of period $ 24,590 New contracts sold 22,764 Less: reductions for revenue recognized (19,955 ) Foreign currency translation and other 260 Balance at end of period $ 27,659

Note 5 - Segment Reporting (Tab

Note 5 - Segment Reporting (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended October 30, October 31, October 30, October 31, 2021 2020 2021 2020 Net sales: Commercial $ 34,463 $ 30,356 $ 67,244 $ 64,862 Live Events 59,396 37,822 111,783 89,296 High School Park and Recreation 32,747 27,578 60,641 56,521 Transportation 14,053 15,323 26,611 29,821 International 23,818 16,288 42,930 30,511 164,477 127,367 309,209 271,011 Gross profit: Commercial 7,445 8,578 14,623 16,320 Live Events 5,585 7,300 14,167 16,654 High School Park and Recreation 10,749 8,497 20,258 18,973 Transportation 4,404 5,312 8,155 10,455 International 4,081 3,627 7,249 6,673 32,264 33,314 64,452 69,075 Operating expenses: Selling 12,482 12,654 24,277 24,210 General and administrative 8,201 7,264 15,772 14,388 Product design and development 7,196 6,737 14,358 14,269 27,879 26,655 54,407 52,867 Operating income 4,385 6,659 10,045 16,208 Nonoperating income (expense): Interest (expense) income, net (59 ) (18 ) 78 (6 ) Other (expense) income, net (952 ) (837 ) (1,820 ) (1,464 ) Income before income taxes $ 3,374 $ 5,804 $ 8,303 $ 14,738 Depreciation and amortization: Commercial $ 601 $ 721 $ 1,303 $ 1,493 Live Events 1,248 1,424 2,585 2,875 High School Park and Recreation 340 492 778 988 Transportation 127 234 266 471 International 752 701 1,478 1,394 Unallocated corporate depreciation 669 655 1,379 1,343 $ 3,737 $ 4,227 $ 7,789 $ 8,564
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Three Months Ended Six Months Ended October 30, October 31, October 30, October 31, 2021 2020 2021 2020 Net sales: United States $ 138,821 $ 108,453 $ 262,303 $ 236,522 Outside United States 25,656 18,914 46,906 34,489 $ 164,477 $ 127,367 $ 309,209 $ 271,011 October 30, May 1, 2021 2021 Property and equipment, net of accumulated depreciation: United States $ 48,609 $ 50,130 Outside United States 7,475 8,552 $ 56,084 $ 58,682

Note 6 - Goodwill (Tables)

Note 6 - Goodwill (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Schedule of Goodwill [Table Text Block]	Live Events Commercial Transportation International Total Balance as of May 1, 2021 $ 2,313 $ 3,464 $ 84 $ 2,553 $ 8,414 Foreign currency translation (2 ) (14 ) (2 ) (103 ) (121 ) Balance as of October 30, 2021 $ 2,311 $ 3,450 $ 82 $ 2,450 $ 8,293

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingencies (Tables)	6 Months Ended
	Oct. 30, 2021
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	October 30, 2021 Beginning accrued warranty obligations $ 25,960 Warranties issued during the period 4,926 Settlements made during the period (3,501 ) Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations (1,607 ) Ending accrued warranty obligations $ 25,778

Note 10 - Fair Value Measurem_2

Note 10 - Fair Value Measurement (Tables)	6 Months Ended
	Oct. 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 October 30, 2021 Cash and cash equivalents $ 59,727 $ — $ — $ 59,727 Restricted cash 1,877 — — 1,877 Derivatives - asset position — 20 — 20 Derivatives - liability position — (196 ) — (196 ) $ 61,604 $ (176 ) $ — $ 61,428 Balance as of May 1, 2021 Cash and cash equivalents $ 77,590 $ — $ — $ 77,590 Restricted cash 2,812 — — 2,812 Derivatives - asset position — 4 — 4 Derivatives - liability position — (261 ) — (261 ) Acquisition-related contingent consideration — — (363 ) (363 ) $ 80,402 $ (257 ) $ (363 ) $ 79,782
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Acquisition-related contingent consideration as of May 1, 2021 $ 363 Additions 33 Settlements (400 ) Interest 4 Acquisition-related contingent consideration as of October 30, 2021 $ —

Note 1 - Basis of Presentatio_2

Note 1 - Basis of Presentation (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 31, 2020USD ($)	Aug. 01, 2020USD ($)	Oct. 31, 2021USD ($)	Oct. 31, 2020USD ($)
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			$ 280	$ 1,378
Payroll Tax, Employer, Deferral under the CARES Act			$ 5,122

Note 1 - Basis of Presentatio_3

Note 1 - Basis of Presentation - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Oct. 30, 2021	May 01, 2021	Oct. 31, 2020	May 02, 2020
Cash and cash equivalents	$ 59,727	$ 77,590	$ 69,836
Restricted cash	1,877	2,812	3,617
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows	$ 61,604	$ 80,402	$ 73,453	$ 40,412

Note 2 - Investments in Affil_2

Note 2 - Investments in Affiliates (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 30, 2020	Oct. 30, 2021	Oct. 31, 2020	May 01, 2021
Equity Method Investments	$ 18,322		$ 18,322		$ 19,887
Income (Loss) from Equity Method Investments, Total	(819)	$ (616)	(1,565)	$ (1,145)
Related Party Transaction, Amounts of Transaction			898	$ 560
Accounts Payable [Member]
Due to Related Parties, Total	584		584
Long-term Receivables, Less Current Maturities [Member]
Equity Method Investments	$ 5,000		$ 5,000

Note 3 - Earnings Per Share (_3

Note 3 - Earnings Per Share ("EPS") (Details Textual) - $ / shares	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	1,943	2,348	1,877	2,233
Antidilutive Securities Excluded from Computation of Earnings Per Share, Weighted Average Exercise Price (in dollars per share)	$ 9.22	$ 9.28	$ 9.37	$ 9.61

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				6 Months Ended
	Oct. 30, 2021	Jul. 31, 2021	Oct. 31, 2020	Aug. 01, 2020	Oct. 31, 2021	Oct. 30, 2021	Oct. 31, 2020	Oct. 31, 2020
Basic earnings per share, net income	$ 2,374	$ 3,685	$ 3,416	$ 7,467	$ 6,059	$ 6,059	$ 10,883	$ 10,883
Basic earnings per share, shares (in shares)	45,350		44,893		45,271	45,271	44,808	44,808
Basic earnings per share, per share income (in dollars per share)	$ 0.05		$ 0.08		$ 0.13	$ 0.13	$ 0.24	$ 0.24
Dilution associated with stock compensation plans, shares (in shares)	149		84		219		139
Diluted earnings per share, net income	$ 2,374		$ 3,416		$ 6,059		$ 10,883
Diluted earnings per share, shares (in shares)	45,499		44,977		45,490	45,490	44,947	44,947
Diluted earnings per share, per share income (in dollars per share)	$ 0.05		$ 0.08		$ 0.13	$ 0.13	$ 0.24	$ 0.24

Note 4 - Revenue Recognition 1

Note 4 - Revenue Recognition 1 (Details Textual)	6 Months Ended
	Oct. 30, 2021USD ($)
Contract With Customer, Liability, Revenue Recognized During Period	$ 42,300
Revenue, Remaining Performance Obligation, Amount	338,935
Product [Member]
Revenue, Remaining Performance Obligation, Amount	281,568
Service [Member]
Revenue, Remaining Performance Obligation, Amount	$ 57,367

Note 4 - Revenue Recognition 2

Note 4 - Revenue Recognition 2 (Details Textual)	Oct. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Amount	$ 338,935
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Revenue, Remaining Performance Obligation, Amount	$ 303,959
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		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net sales	$ 164,477	$ 127,367	$ 309,209	$ 271,011
Transferred at Point in Time [Member]
Net sales	76,434	64,078	149,173	128,105
Transferred over Time [Member]
Net sales	88,043	63,289	160,036	142,906
Unique Configuration [Member]
Net sales	75,533	51,243	137,218	121,349
Limited Configuration [Member]
Net sales	74,736	62,967	146,339	126,548
Service and Other [Member]
Net sales	14,208	13,157	25,652	23,114
Commercial [Member]
Net sales	34,463	30,356	67,244	64,862
Commercial [Member] | Transferred at Point in Time [Member]
Net sales	26,362	23,226	52,741	46,118
Commercial [Member] | Transferred over Time [Member]
Net sales	8,101	7,130	14,503	18,744
Commercial [Member] | Unique Configuration [Member]
Net sales	4,559	3,508	8,146	12,235
Commercial [Member] | Limited Configuration [Member]
Net sales	25,977	22,611	51,884	45,166
Commercial [Member] | Service and Other [Member]
Net sales	3,927	4,237	7,214	7,461
Live Events [Member]
Net sales	59,396	37,822	111,783	89,296
Live Events [Member] | Transferred at Point in Time [Member]
Net sales	11,508	6,736	18,337	12,950
Live Events [Member] | Transferred over Time [Member]
Net sales	47,888	31,086	93,446	76,346
Live Events [Member] | Unique Configuration [Member]
Net sales	43,528	27,302	85,036	69,277
Live Events [Member] | Limited Configuration [Member]
Net sales	8,825	4,611	14,667	10,030
Live Events [Member] | Service and Other [Member]
Net sales	7,043	5,909	12,080	9,989
High School Park and Recreation [Member]
Net sales	32,747	27,578	60,641	56,521
High School Park and Recreation [Member] | Transferred at Point in Time [Member]
Net sales	23,115	19,718	45,056	39,086
High School Park and Recreation [Member] | Transferred over Time [Member]
Net sales	9,632	7,860	15,585	17,435
High School Park and Recreation [Member] | Unique Configuration [Member]
Net sales	6,908	5,091	11,074	12,759
High School Park and Recreation [Member] | Limited Configuration [Member]
Net sales	24,916	21,696	47,873	42,384
High School Park and Recreation [Member] | Service and Other [Member]
Net sales	923	791	1,694	1,378
Transportation [Member]
Net sales	14,053	15,323	26,611	29,821
Transportation [Member] | Transferred at Point in Time [Member]
Net sales	4,634	5,930	10,205	12,304
Transportation [Member] | Transferred over Time [Member]
Net sales	9,419	9,393	16,406	17,517
Transportation [Member] | Unique Configuration [Member]
Net sales	8,976	8,975	15,517	16,699
Transportation [Member] | Limited Configuration [Member]
Net sales	4,552	5,825	9,904	12,091
Transportation [Member] | Service and Other [Member]
Net sales	525	523	1,190	1,031
International [Member]
Net sales	23,818	16,288	42,930	30,511
International [Member] | Transferred at Point in Time [Member]
Net sales	10,815	8,468	22,834	17,647
International [Member] | Transferred over Time [Member]
Net sales	13,003	7,820	20,096	12,864
International [Member] | Unique Configuration [Member]
Net sales	11,562	6,367	17,445	10,379
International [Member] | Limited Configuration [Member]
Net sales	10,466	8,224	22,011	16,877
International [Member] | Service and Other [Member]
Net sales	$ 1,790	$ 1,697	$ 3,474	$ 3,255

Note 4 - Revenue Recognition _2

Note 4 - Revenue Recognition - Contract Assets and Liabilities (Details) - USD ($)	6 Months Ended
	Oct. 30, 2021	May 01, 2021
Contract assets	$ 40,231,000	$ 32,799,000
Contract assets	$ 7,432,000
Contract assets	22.70%
Contract liabilities - current	$ 70,158,000	64,495,000
Contract liabilities - current	$ 5,663,000
Contract liabilities - current	8.80%
Contract liabilities - noncurrent	$ 10,707,000	$ 10,720,000
Contract liabilities - noncurrent	$ (13,000)
Contract liabilities - noncurrent	(0.10%)
Less: reductions for revenue recognized	$ (42,300)
Service-type Warranty Contracts [Member]
Balance at beginning of period	24,590,000
New contracts sold	22,764,000
Less: reductions for revenue recognized	(19,955,000)
Foreign currency translation and other	260,000
Balance at end of period	$ 27,659,000

Note 5 - Segment Reporting (Det

Note 5 - Segment Reporting (Details Textual)	6 Months Ended
	Oct. 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		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Net sales	$ 164,477	$ 127,367	$ 309,209	$ 271,011
Gross profit	32,264	33,314	64,452	69,075
Selling	12,482	12,654	24,277	24,210
General and administrative	8,201	7,264	15,772	14,388
Product design and development	7,196	6,737	14,358	14,269
Operating Expenses, Total	27,879	26,655	54,407	52,867
Operating income	4,385	6,659	10,045	16,208
Interest (expense) income, net	(59)	(18)	78	(6)
Other (expense) income, net	(952)	(837)	(1,820)	(1,464)
Income before income taxes	3,374	5,804	8,303	14,738
Depreciation and amortization	3,737	4,227	7,789	8,564
Corporate, Non-Segment [Member]
Depreciation and amortization	669	655	1,379	1,343
Commercial [Member]
Net sales	34,463	30,356	67,244	64,862
Commercial [Member] | Operating Segments [Member]
Net sales	34,463	30,356	67,244	64,862
Gross profit	7,445	8,578	14,623	16,320
Depreciation and amortization	601	721	1,303	1,493
Live Events [Member]
Net sales	59,396	37,822	111,783	89,296
Live Events [Member] | Operating Segments [Member]
Net sales	59,396	37,822	111,783	89,296
Gross profit	5,585	7,300	14,167	16,654
Depreciation and amortization	1,248	1,424	2,585	2,875
High School Park and Recreation [Member]
Net sales	32,747	27,578	60,641	56,521
High School Park and Recreation [Member] | Operating Segments [Member]
Net sales	32,747	27,578	60,641	56,521
Gross profit	10,749	8,497	20,258	18,973
Depreciation and amortization	340	492	778	988
Transportation [Member]
Net sales	14,053	15,323	26,611	29,821
Transportation [Member] | Operating Segments [Member]
Net sales	14,053	15,323	26,611	29,821
Gross profit	4,404	5,312	8,155	10,455
Depreciation and amortization	127	234	266	471
International [Member]
Net sales	23,818	16,288	42,930	30,511
International [Member] | Operating Segments [Member]
Net sales	23,818	16,288	42,930	30,511
Gross profit	4,081	3,627	7,249	6,673
Depreciation and amortization	$ 752	$ 701	$ 1,478	$ 1,394

Note 5 - Segment Reporting - Ne

Note 5 - Segment Reporting - Net Sales and Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020	May 01, 2021
Net sales	$ 164,477	$ 127,367	$ 309,209	$ 271,011
Property and equipment, net of accumulated depreciation	56,084		56,084		$ 58,682
UNITED STATES
Net sales	138,821	108,453	262,303	236,522
Property and equipment, net of accumulated depreciation	48,609		48,609		50,130
Non-US [Member]
Net sales	25,656	$ 18,914	46,906	$ 34,489
Property and equipment, net of accumulated depreciation	$ 7,475		$ 7,475		$ 8,552

Note 6 - Goodwill (Details Text

Note 6 - Goodwill (Details Textual) $ in Thousands	Nov. 02, 2020USD ($)
Goodwill, Impairment Loss	$ 0

Note 6 - Goodwill - Goodwill (D

Note 6 - Goodwill - Goodwill (Details) $ in Thousands	6 Months Ended
	Oct. 30, 2021USD ($)
Balance	$ 8,414
Foreign currency translation	(121)
Balance	8,293
Live Events [Member]
Balance	2,313
Foreign currency translation	(2)
Balance	2,311
Commercial [Member]
Balance	3,464
Foreign currency translation	(14)
Balance	3,450
Transportation [Member]
Balance	84
Foreign currency translation	(2)
Balance	82
International [Member]
Balance	2,553
Foreign currency translation	(103)
Balance	$ 2,450

Note 7 - Financing Agreements (

Note 7 - Financing Agreements (Details Textual) $ in Thousands	6 Months Ended
	Oct. 30, 2021USD ($)
Long-term Line of Credit, Total	$ 715
Letter of Credit [Member]
Line of Credit Facility, Expiration Period (Year)	7 years
Line of Credit Facility, Remaining Borrowing Capacity	$ 26,745
Line of Credit [Member]
Long-term Line of Credit, Total	$ 8,255

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingencies (Details Textual) $ in Thousands	Oct. 30, 2021USD ($)
Financial Standby Letter of Credit [Member]
Loss Contingency Accrual, Ending Balance	$ 8,255
Guarantee of Business Revenue [Member]
Loss Contingency Accrual, Ending Balance	715
Surety Bond [Member]
Loss Contingency Accrual, Ending Balance	$ 52,219

Note 8 - Commitments and Cont_4

Note 8 - Commitments and Contingencies - Change in Warranty Obligation (Details) $ in Thousands	6 Months Ended
	Oct. 31, 2021USD ($)
Beginning accrued warranty obligations	$ 25,960
Warranties issued during the period	4,926
Settlements made during the period	(3,501)
Changes in accrued warranty obligations for pre-existing warranties during the period, including expirations	(1,607)
Ending accrued warranty obligations	$ 25,778

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Oct. 30, 2021	Oct. 31, 2020	Oct. 30, 2021	Oct. 31, 2020
Effective Income Tax Rate Reconciliation, Percent, Total	29.60%	41.10%	27.00%	26.20%
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 682		$ 682

Note 10 - Fair Value Measurem_3

Note 10 - Fair Value Measurement - Fair Value Hierarchy (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Oct. 30, 2021	May 01, 2021
Cash and cash equivalents	$ 59,727	$ 77,590
Restricted cash	1,877	2,812
Derivatives - asset position	20	4
Derivatives - liability position	(196)	(261)
Fair Value, Net Asset (Liability), Total	61,428	79,782
Acquisition-related contingent consideration		(363)
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	59,727	77,590
Restricted cash	1,877	2,812
Derivatives - asset position	0	0
Derivatives - liability position	0	0
Fair Value, Net Asset (Liability), Total	61,604	80,402
Acquisition-related contingent consideration		0
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Restricted cash	0	0
Derivatives - asset position	20	4
Derivatives - liability position	(196)	(261)
Fair Value, Net Asset (Liability), Total	(176)	(257)
Acquisition-related contingent consideration		0
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
Fair Value, Net Asset (Liability), Total	$ 0	(363)
Acquisition-related contingent consideration		$ (363)

Note 10 - Fair Value Measurem_4

Note 10 - Fair Value Measurement - Contingent Liabilities (Details) - Contingent Consideration Liability [Member] $ in Thousands	6 Months Ended
	Oct. 30, 2021USD ($)
Acquisition-related contingent consideration as of May 1, 2021	$ 363
Additions	33
Settlements	(400)
Interest	4
Acquisition-related contingent consideration as of October 30, 2021	$ 0

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual)	Nov. 19, 2021$ / shares
Subsequent Event [Member] | Preferred Share Purchase Right [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 20