$CULP
CULP INC
CIK:0000723603|SEC Filings
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Aug. 02, 2026 |
Aug. 03, 2025 |
|
| Consolidated Statements of Comprehensive (Loss) Income | ||
| Net income (loss) | $ 5,981 | $ (231) |
| Unrealized holding gain on investments, net of tax | ||
| Unrealized gain on investments | 35 | 142 |
| Reclassification adjustment for realized gain included in net income | (9) | |
| Unrealized holding gain on investments, net of tax | 26 | 142 |
| Comprehensive income (loss) | $ 6,007 | $ (89) |
CONSOLIDATED BALANCE SHEETS - USD ($) |
Aug. 02, 2026 |
May 03, 2026 |
Aug. 03, 2025 |
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|---|---|---|---|---|---|---|
| Current assets | ||||||
| Cash and cash equivalents | $ 10,235,000 | $ 8,273,000 | [1] | $ 11,094,000 | ||
| Short-term investments - rabbi trust | 1,524,000 | 1,477,000 | [1] | 1,395,000 | ||
| Accounts receivable, net | 20,275,000 | 20,369,000 | [1] | 18,382,000 | ||
| Inventories | 42,253,000 | 47,494,000 | [1] | 50,109,000 | ||
| Short-term notes receivable | 328,000 | 297,000 | [1] | 5,104,000 | ||
| Current income taxes receivable | [1] | 142,000 | ||||
| Assets held for sale | 0 | 0 | 40,000 | |||
| Other current assets | 4,138,000 | 2,645,000 | [1] | 2,767,000 | ||
| Total current assets | 78,753,000 | 80,697,000 | [1] | 88,891,000 | ||
| Property, plant & equipment, net | 20,188,000 | 21,013,000 | [1] | 23,552,000 | ||
| Right of use assets | 2,642,000 | 2,984,000 | [1] | 5,162,000 | ||
| Intangible assets | 323,000 | 355,000 | [1] | 865,000 | ||
| Long-term investments - rabbi trust | 4,757,000 | 4,991,000 | [1] | 5,715,000 | ||
| Long-term notes receivable | 788,000 | 885,000 | [1] | 1,078,000 | ||
| Deferred income taxes | 507,000 | 503,000 | [1] | 475,000 | ||
| Other assets | 528,000 | 562,000 | [1] | 676,000 | ||
| Total assets | 108,486,000 | 111,990,000 | [1] | 126,414,000 | ||
| Current liabilities | ||||||
| Lines of credit - current | 13,324,000 | 12,129,000 | [1] | 11,120,000 | ||
| Accounts payable - trade | 22,488,000 | 25,730,000 | [1] | 24,319,000 | ||
| Accounts payable - capital expenditures | 8,000 | 236,000 | [1] | 8,000 | ||
| Operating lease liability - current | 765,000 | 956,000 | [1] | 2,209,000 | ||
| Deferred compensation - current | 1,524,000 | 1,477,000 | [1] | 1,395,000 | ||
| Deferred revenue | 203,000 | 281,000 | [1] | 485,000 | ||
| Accrued expenses | 4,946,000 | 4,103,000 | [1] | 5,850,000 | ||
| Accrued restructuring | 10,000 | 47,000 | [1] | 105,000 | ||
| Income taxes payable - current | 209,000 | 2,412,000 | ||||
| Total current liabilities | 43,477,000 | 44,959,000 | [1] | 47,903,000 | ||
| Line of credit - long-term | 7,000,000 | [1] | 7,025,000 | |||
| Operating lease liability - long-term | 916,000 | 1,027,000 | [1] | 1,995,000 | ||
| Income taxes payable - long-term | 1,048,000 | 983,000 | [1] | 841,000 | ||
| Deferred income taxes | 4,044,000 | 4,883,000 | [1] | 5,302,000 | ||
| Deferred compensation - long-term | 4,800,000 | 4,991,000 | [1] | 5,701,000 | ||
| Total liabilities | 54,285,000 | 63,843,000 | [1] | 68,767,000 | ||
| Commitments and Contingencies (Notes 11, 17, and 18) | ||||||
| Shareholders' equity | ||||||
| Preferred stock, $0.05 par value, authorized 10,000,000 shares, no shares issued and outstanding as of August 2, 2026, August 3, 2025, and May 3, 2026 | ||||||
| Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,720,717 at August 2, 2026; 12,605,306 at August 3, 2025 and 12,662,784 at May 3, 2026 | 636,000 | 633,000 | [1] | 630,000 | ||
| Capital contributed in excess of par value | 46,177,000 | 46,133,000 | [1] | 45,683,000 | ||
| Accumulated earnings | 7,043,000 | 1,062,000 | [1] | 11,042,000 | ||
| Accumulated other comprehensive income | 345,000 | 319,000 | [1] | 292,000 | ||
| Total shareholders' equity | 54,201,000 | 48,147,000 | [1] | 57,647,000 | ||
| Total liabilities and shareholders' equity | $ 108,486,000 | $ 111,990,000 | [1] | $ 126,414,000 | ||
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