2019 Q2 Form 10-K Financial Statement

#000115752319001520 Filed on July 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $67.02M $78.18M $85.31M
YoY Change -14.28% 1.08% 12.0%
Cost Of Revenue $55.83M $63.42M $67.71M
YoY Change -11.98% 5.37% 13.97%
Gross Profit $11.20M $14.76M $17.60M
YoY Change -24.15% -13.97% 5.04%
Gross Profit Margin 16.7% 18.88% 20.63%
Selling, General & Admin $8.758M $8.296M $9.959M
YoY Change 5.57% -16.92% 1.37%
% of Gross Profit 78.23% 56.21% 56.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.030M $1.992M $1.966M
YoY Change 1.91% 11.85% 9.65%
% of Gross Profit 18.13% 13.5% 11.17%
Operating Expenses $8.758M $8.296M $9.959M
YoY Change 5.57% -16.92% 1.37%
Operating Profit $2.437M $6.464M $7.644M
YoY Change -62.3% -9.85% 10.22%
Interest Expense $4.000K $26.00K $31.00K
YoY Change -84.62% -74.0% -69.0%
% of Operating Profit 0.16% 0.4% 0.41%
Other Income/Expense, Net -$670.0K $115.0K $229.0K
YoY Change -682.61% -137.7% -431.88%
Pretax Income $1.988M $6.466M $7.516M
YoY Change -69.25% -7.62% 7.53%
Income Tax $3.091M -$6.217M $8.208M
% Of Pretax Income 155.48% -96.15% 109.21%
Net Earnings -$1.511M $12.67M -$748.0K
YoY Change -111.93% 104.36% -111.79%
Net Earnings / Revenue -2.25% 16.2% -0.88%
Basic Earnings Per Share -$0.12 $1.02 -$0.06
Diluted Earnings Per Share -$0.12 $1.00 -$0.06
COMMON SHARES
Basic Shares Outstanding 12.38M 12.45M 12.44M
Diluted Shares Outstanding 12.38M 12.61M 12.44M

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.01M $23.68M $24.90M
YoY Change 68.96% 2.06% 37.57%
Cash & Equivalents $40.01M $21.23M $22.43M
Short-Term Investments $0.00 $2.451M $2.472M
Other Short-Term Assets $2.816M $2.897M $3.114M
YoY Change -2.8% 0.1% 23.87%
Inventory $47.56M $53.45M $55.65M
Prepaid Expenses
Receivables $23.37M $26.31M $26.10M
Other Receivables $300.0K $0.00 $0.00
Total Short-Term Assets $123.2M $132.1M $127.0M
YoY Change -6.68% 29.24% 41.86%
LONG-TERM ASSETS
Property, Plant & Equipment $46.48M $51.79M $51.84M
YoY Change -10.26% 0.28% 2.99%
Goodwill $13.57M $13.57M $11.46M
YoY Change 0.0% 18.38% 0.0%
Intangibles $3.899M $4.275M $1.397M
YoY Change -8.8%
Long-Term Investments $1.508M $1.501M $1.518M
YoY Change 0.47% 35.71% 153.0%
Other Assets $643.0K $957.0K $918.0K
YoY Change -32.81% -60.03% -62.02%
Total Long-Term Assets $97.31M $85.92M $89.88M
YoY Change 13.26% -16.94% -11.5%
TOTAL ASSETS
Total Short-Term Assets $123.2M $132.1M $127.0M
Total Long-Term Assets $97.31M $85.92M $89.88M
Total Assets $220.6M $218.0M $216.8M
YoY Change 1.18% 6.01% 13.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.80M $29.00M $34.00M
YoY Change -21.38% -14.45% 25.0%
Accrued Expenses $8.632M $10.50M $8.842M
YoY Change -17.77% -12.14% -15.88%
Deferred Revenue $399.0K $809.0K
YoY Change -50.68%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.19M $40.58M $44.41M
YoY Change -13.29% -11.97% 16.97%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.90M $11.90M $18.20M
YoY Change 50.42% 63.01% 130.38%
Total Long-Term Liabilities $17.90M $11.90M $18.20M
YoY Change 50.42% 63.01% 130.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.19M $40.58M $44.41M
Total Long-Term Liabilities $17.90M $11.90M $18.20M
Total Liabilities $56.31M $54.61M $64.66M
YoY Change 3.11% -4.2% 32.66%
SHAREHOLDERS EQUITY
Retained Earnings $115.6M $114.6M $103.1M
YoY Change 0.82% 13.95% 8.07%
Common Stock $44.31M $48.83M $49.04M
YoY Change -9.24% 1.65% 4.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $159.9M $163.4M $152.2M
YoY Change
Total Liabilities & Shareholders Equity $220.6M $218.0M $216.8M
YoY Change 1.18% 6.01% 13.5%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$1.511M $12.67M -$748.0K
YoY Change -111.93% 104.36% -111.79%
Depreciation, Depletion And Amortization $2.030M $1.992M $1.966M
YoY Change 1.91% 11.85% 9.65%
Cash From Operating Activities $5.780M $6.000M $11.29M
YoY Change -3.67% -35.9% 47.39%
INVESTING ACTIVITIES
Capital Expenditures -$310.0K -$5.890M -$1.680M
YoY Change -94.74% 125.67% -42.86%
Acquisitions
YoY Change
Other Investing Activities $8.710M -$220.0K -$320.0K
YoY Change -4059.09% -43.59% -68.93%
Cash From Investing Activities $8.400M -$6.100M -$2.000M
YoY Change -237.7% 103.33% -49.62%
FINANCING ACTIVITIES
Cash Dividend Paid $1.239M $1.121M $1.119M
YoY Change 10.53% 13.46% 13.6%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -590.0K -1.120M -2.640M
YoY Change -47.32% -0.88% 31.34%
NET CHANGE
Cash From Operating Activities 5.780M 6.000M 11.29M
Cash From Investing Activities 8.400M -6.100M -2.000M
Cash From Financing Activities -590.0K -1.120M -2.640M
Net Change In Cash 13.59M -1.220M 6.650M
YoY Change -1213.93% -123.33% 295.83%
FREE CASH FLOW
Cash From Operating Activities $5.780M $6.000M $11.29M
Capital Expenditures -$310.0K -$5.890M -$1.680M
Free Cash Flow $6.090M $11.89M $12.97M
YoY Change -48.78% -0.67% 22.36%

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On June 12, 2018, our board of directors announced the closure of our upholstery fabrics manufacturing facility in Anderson, South Carolina. This closure was completed during the second quarter of fiscal 2019 and was due to a continued decline in demand for the products manufactured at this facility, reflecting a change in consumer style preferences.
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The hourly employees at our manufacturing facility in Canada (approximately 11% of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expires on February 1, 2020. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good.
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CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2018 culp Unrecognized Tax Benefits Reductions Resulting From Change In Enacted Tax Rate
UnrecognizedTaxBenefitsReductionsResultingFromChangeInEnactedTaxRate
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CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Deferred Income Tax Expense Benefit
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CY2018Q2 us-gaap Other Assets Current
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CY2018Q2 us-gaap Contract With Customer Liability Current
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CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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CY2019 culp Contract With Customer Liability Additions
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CY2019Q2 us-gaap Contract With Customer Liability Current
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CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2018 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
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CY2019 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2018 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2017 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
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CY2019Q2 us-gaap Accounts Receivable Gross Current
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CY2018Q2 us-gaap Accounts Receivable Gross Current
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CY2018Q2 us-gaap Accounts Receivable Net Current
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inventory aging categories are six, nine, twelve, and fifteen months
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2019 culp Income Tax Expense Benefit Including Tax Effect From Exercise Of Stock Options And Vesting Of Other Stock Based Compensation Awards
IncomeTaxExpenseBenefitIncludingTaxEffectFromExerciseOfStockOptionsAndVestingOfOtherStockBasedCompensationAwards
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CY2018 culp Income Tax Expense Benefit Including Tax Effect From Exercise Of Stock Options And Vesting Of Other Stock Based Compensation Awards
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CY2018 us-gaap Current Foreign Tax Expense Benefit
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CY2017 us-gaap Current Foreign Tax Expense Benefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Deferred Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalDeferredIncomeTaxExpenseBenefit
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CY2019 culp Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
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CY2019 culp Deferred Income Tax Expense Benefit Undistributed Earnings On Foreign Subsidiaries
DeferredIncomeTaxExpenseBenefitUndistributedEarningsOnForeignSubsidiaries
3735000
CY2018 culp Deferred Income Tax Expense Benefit Undistributed Earnings On Foreign Subsidiaries
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CY2017 culp Deferred Income Tax Expense Benefit Undistributed Earnings On Foreign Subsidiaries
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CY2019 culp Deferred Income Tax Expense Benefit Valuation Allowance
DeferredIncomeTaxExpenseBenefitValuationAllowance
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CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2017 us-gaap Selling General And Administrative Expense
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OperatingIncomeLoss
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CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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63424000
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EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Percent
-0.076
CY2019 culp Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
0.023
CY2018 culp Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
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CY2017 culp Effective Income Tax Rate Reconciliation Foreign Exchange Gain Loss
EffectiveIncomeTaxRateReconciliationForeignExchangeGainLoss
0.016
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Foreign
EffectiveIncomeTaxRateReconciliationTaxContingenciesForeign
-0.116
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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0.006
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.018
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Fiscal Period
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fiscal Year </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 6pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April&#160;30. Fiscal 2019, 2018, and 2017 each included 52 weeks. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019 us-gaap Use Of Estimates
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 18pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Use of Estimates </div></div></div><div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 6pt;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.304
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340
CY2019 culp Effective Income Tax Rate Reconciliation Undistributed Earnings Of Foreign Subsidiaries
EffectiveIncomeTaxRateReconciliationUndistributedEarningsOfForeignSubsidiaries
0.372
CY2019 culp Effective Income Tax Rate Reconciliation Valuation Allowance Percent
EffectiveIncomeTaxRateReconciliationValuationAllowancePercent
-0.371
CY2018 culp Effective Income Tax Rate Reconciliation Valuation Allowance Percent
EffectiveIncomeTaxRateReconciliationValuationAllowancePercent
0.004
CY2017 culp Effective Income Tax Rate Reconciliation Valuation Allowance Percent
EffectiveIncomeTaxRateReconciliationValuationAllowancePercent
-0.002
CY2019 culp Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income Tax Percent
EffectiveIncomeTaxRateReconciliationGlobalIntangibleLowTaxedIncomeTaxPercent
0.179
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.137
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.037
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.536
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.214
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.247
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2019Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2018Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2217000
CY2019Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
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CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
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CY2019Q2 culp Deferred Tax Assets Accrued Liabilities And Other
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CY2018Q2 culp Deferred Tax Assets Accrued Liabilities And Other
DeferredTaxAssetsAccruedLiabilitiesAndOther
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CY2019Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
1252000
CY2018Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
5720000
CY2019Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
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CY2018Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
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CY2018Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
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CY2019Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
7187000
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
9419000
CY2019Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2018Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2019Q2 culp Deferred Tax Liabilities Unrecognized Tax Benefits
DeferredTaxLiabilitiesUnrecognizedTaxBenefits
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CY2018Q2 culp Deferred Tax Liabilities Unrecognized Tax Benefits
DeferredTaxLiabilitiesUnrecognizedTaxBenefits
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CY2019Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2018Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
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CY2019Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
1203000
CY2018Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
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CY2019Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
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CY2018Q2 us-gaap Deferred Tax Liabilities Other
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CY2019Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2018Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2018Q2 us-gaap Deferred Income Tax Liabilities Net
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CY2019Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2017Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
536000
CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
590000
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-4544000
CY2019 culp Capital Expenditures
CapitalExpenditures
2975000
CY2018 culp Capital Expenditures
CapitalExpenditures
7439000
CY2017 culp Capital Expenditures
CapitalExpenditures
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
135000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
350000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
854000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
523000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3500000
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
464000
CY2019Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
97000
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
40000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6700000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4000000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5500000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Release Of Deferred Income Tax Liabilities Related To Earnings And Profits Not Permanently Reinvested Provisional Income Tax Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingReleaseOfDeferredIncomeTaxLiabilitiesRelatedToEarningsAndProfitsNotPermanentlyReinvestedProvisionalIncomeTaxBenefit
18000000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Write Off And Establishment Of Valuation Allowance Against Unused Foreign Tax Credits Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingWriteOffAndEstablishmentOfValuationAllowanceAgainstUnusedForeignTaxCreditsProvisionalIncomeTaxExpense
25400000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Transition Tax Change In Tax Rate Settlement Of Income Tax Examination
TaxCutsAndJobsActOf2017IncompleteAccountingTransitionTaxChangeInTaxRateSettlementOfIncomeTaxExamination
11700000
CY2019 culp Dividends Received Deduction Percentage For Earnings And Profits Received From Foreign Corporation
DividendsReceivedDeductionPercentageForEarningsAndProfitsReceivedFromForeignCorporation
1.00
CY2019 culp Dividends Received Deduction Foreign Corporation Ownership Percentage
DividendsReceivedDeductionForeignCorporationOwnershipPercentage
0.10
CY2017Q4 culp Undistributed Earnings Of Foreign Subsidiaries Subject To Repatriation
UndistributedEarningsOfForeignSubsidiariesSubjectToRepatriation
157100000
CY2017Q4 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
43200000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
-2200000
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12391160
CY2019 dei Trading Symbol
TradingSymbol
CULP
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2018 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2019 culp Deferred Income Tax Expense Benefit Operating Loss Carryforwards
DeferredIncomeTaxExpenseBenefitOperatingLossCarryforwards
74000
CY2017 culp Deferred Income Tax Expense Benefit Operating Loss Carryforwards
DeferredIncomeTaxExpenseBenefitOperatingLossCarryforwards
3630000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Establishment Of Valuation Allowance Against Unused Foreign Tax Credits Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingEstablishmentOfValuationAllowanceAgainstUnusedForeignTaxCreditsProvisionalIncomeTaxExpense
4550000
CY2019Q2 culp Deferred Tax Assets Operating Loss Carryforwards Domestic State And Local
DeferredTaxAssetsOperatingLossCarryforwardsDomesticStateAndLocal
2360000
CY2018Q2 culp Deferred Tax Assets Operating Loss Carryforwards Domestic State And Local
DeferredTaxAssetsOperatingLossCarryforwardsDomesticStateAndLocal
2513000
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12245000
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14897000
CY2019 culp Tax Credit Carryforward Expiration Period
TaxCreditCarryforwardExpirationPeriod
P10Y
CY2019 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2019 dei Security12b Title
Security12bTitle
Common Stock
CY2019 dei Document Type
DocumentType
10-K
CY2019 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2019 dei Amendment Flag
AmendmentFlag
false
CY2019 dei Document Period End Date
DocumentPeriodEndDate
2019-04-28
CY2019 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
CY2019 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2019 dei Entity Registrant Name
EntityRegistrantName
CULP INC
CY2019 dei Entity Central Index Key
EntityCentralIndexKey
0000723603
CY2019 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-28
CY2019 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2019 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2019 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2019 dei Entity Shell Company
EntityShellCompany
false
CY2019 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2019 dei Entity Small Business
EntitySmallBusiness
false
CY2019 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018Q4 dei Entity Public Float
EntityPublicFloat
245263535
CY2019 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-726000
CY2018Q2 us-gaap Finite Lived Noncompete Agreements Gross
FiniteLivedNoncompeteAgreementsGross
2000000
CY2019 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateProvisionalIncomeTaxExpenseBenefit
268000
CY2019 us-gaap Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
<div style="color: rgb(0, 0, 0); font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 18pt; margin-bottom: 0pt; font-size: 10pt;"><div style="font-weight:bold;display:inline;">Advertising Costs</div></div><div style="color: rgb(0, 0, 0); font-family: 'times new roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt;">Advertising costs are expensed as incurred. Advertising costs totaled $2.2 million in fiscal 2019 and pertained to our home accessories segment. No advertising costs were incurred during fiscal 2018 and 2017, respectively.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019 us-gaap Advertising Expense
AdvertisingExpense
2200000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
0
CY2017 us-gaap Advertising Expense
AdvertisingExpense
0
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7200000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7200000
CY2019Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
5000000
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
903000
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
844000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
70963000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
77226000
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
77006000
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
71473000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
78184000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
85310000
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
80698000
CY2017Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
79533000
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
58774000
CY2019Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
63103000
CY2018Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
63680000
CY2018Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
60914000
CY2018Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
67707000
CY2017Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
64894000
CY2017Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
63068000
CY2019Q2 us-gaap Gross Profit
GrossProfit
12189000
CY2019Q1 us-gaap Gross Profit
GrossProfit
14123000
CY2018Q4 us-gaap Gross Profit
GrossProfit
13326000
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4275000
CY2018Q3 us-gaap Gross Profit
GrossProfit
10559000
CY2018Q2 us-gaap Gross Profit
GrossProfit
14760000
CY2018Q1 us-gaap Gross Profit
GrossProfit
17603000
CY2017Q4 us-gaap Gross Profit
GrossProfit
15804000
CY2017Q3 us-gaap Gross Profit
GrossProfit
16465000
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10230000
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10038000
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10103000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8033000
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8296000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9959000
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9415000
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9501000
CY2019Q1 culp Restructuring Credit Expense
RestructuringCreditExpense
-214000
CY2018Q4 culp Restructuring Credit Expense
RestructuringCreditExpense
-1061000
CY2018Q3 culp Restructuring Credit Expense
RestructuringCreditExpense
451000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1959000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
4299000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
4284000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2075000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
6464000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
7644000
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6389000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6964000
CY2019Q2 us-gaap Interest Expense
InterestExpense
4000
CY2018Q4 us-gaap Interest Expense
InterestExpense
18000
CY2018Q3 us-gaap Interest Expense
InterestExpense
20000
CY2018Q2 us-gaap Interest Expense
InterestExpense
26000
CY2018Q1 us-gaap Interest Expense
InterestExpense
31000
CY2017Q4 us-gaap Interest Expense
InterestExpense
37000
CY2019Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
214000
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
251000
CY2018Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
151000
CY2018Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
150000
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
143000
CY2018Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
132000
CY2017Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
128000
CY2017Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
131000
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
658000
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
288000
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
142000
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
257000
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
115000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
229000
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
321000
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
353000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1511000
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4262000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1948000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6466000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7516000
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6159000
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12465000
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
906000
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
6742000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6217000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8208000
CY2017Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2108000
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1640000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3017000
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1225000
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1276000
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12551000
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5000
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-23000
CY2018Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
55000
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
77000
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
17000
CY2018Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
56000
CY2017Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
75000
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
118000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-1511000
CY2019Q1 us-gaap Profit Loss
ProfitLoss
3060000
CY2018Q4 us-gaap Profit Loss
ProfitLoss
2944000
CY2018Q3 us-gaap Profit Loss
ProfitLoss
965000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
12666000
CY2018Q1 us-gaap Profit Loss
ProfitLoss
-748000
CY2017Q4 us-gaap Profit Loss
ProfitLoss
3976000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
4984000
CY2019Q2 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
-143000
CY2019Q1 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
-94000
CY2018Q4 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
11000
CY2018Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
8000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1368000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3154000
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2933000
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
957000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12666000
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-748000
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3976000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4984000
CY2019Q2 us-gaap Depreciation
Depreciation
2030000
CY2019Q1 us-gaap Depreciation
Depreciation
2031000
CY2018Q4 us-gaap Depreciation
Depreciation
2041000
CY2018Q3 us-gaap Depreciation
Depreciation
2015000
CY2018Q2 us-gaap Depreciation
Depreciation
1992000
CY2018Q1 us-gaap Depreciation
Depreciation
1966000
CY2017Q4 us-gaap Depreciation
Depreciation
1905000
CY2017Q3 us-gaap Depreciation
Depreciation
1807000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12384000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12438000
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12515000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12510000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12450000
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12436000
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12440000
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12399000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12384000
CY2018Q1 us-gaap Assets
Assets
216844000
CY2017Q4 us-gaap Assets
Assets
201043000
CY2017Q3 us-gaap Assets
Assets
207904000
CY2019Q2 culp Capital Expenditures
CapitalExpenditures
295000
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12600000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12611000
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12436000
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12580000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12590000
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.00
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2018Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2017Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.08
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.29
CY2019Q2 culp Book Value Per Share
BookValuePerShare
12.91
CY2019Q1 culp Book Value Per Share
BookValuePerShare
13.16
CY2018Q4 culp Book Value Per Share
BookValuePerShare
13.04
CY2018Q3 culp Book Value Per Share
BookValuePerShare
12.90
CY2018Q2 culp Book Value Per Share
BookValuePerShare
13.12
CY2018Q1 culp Book Value Per Share
BookValuePerShare
12.22
CY2017Q4 culp Book Value Per Share
BookValuePerShare
12.31
CY2017Q3 culp Book Value Per Share
BookValuePerShare
12.03
CY2019Q2 culp Working Capital Net
WorkingCapitalNet
49757000
CY2019Q1 culp Working Capital Net
WorkingCapitalNet
52573000
CY2018Q4 culp Working Capital Net
WorkingCapitalNet
50193000
CY2018Q3 culp Working Capital Net
WorkingCapitalNet
51648000
CY2018Q2 culp Working Capital Net
WorkingCapitalNet
49939000
CY2018Q1 culp Working Capital Net
WorkingCapitalNet
47760000
CY2017Q4 culp Working Capital Net
WorkingCapitalNet
46620000
CY2017Q3 culp Working Capital Net
WorkingCapitalNet
42608000
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
50129000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51325000
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53178000
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
51838000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52530000
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52912000
CY2019Q1 us-gaap Assets
Assets
224908000
CY2018Q4 us-gaap Assets
Assets
222211000
CY2018Q3 us-gaap Assets
Assets
226372000
CY2019Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1240000
CY2019Q1 culp Capital Expenditures
CapitalExpenditures
835000
CY2018Q4 culp Capital Expenditures
CapitalExpenditures
590000
CY2018Q3 culp Capital Expenditures
CapitalExpenditures
1255000
CY2018Q2 culp Capital Expenditures
CapitalExpenditures
1568000
CY2018Q1 culp Capital Expenditures
CapitalExpenditures
1274000
CY2017Q4 culp Capital Expenditures
CapitalExpenditures
1529000
CY2017Q3 culp Capital Expenditures
CapitalExpenditures
3068000
CY2019Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1239000
CY2018Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
1126000
CY2018Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
1127000
CY2018Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1121000
CY2018Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1119000
CY2017Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
995000
CY2017Q3 us-gaap Payments Of Dividends
PaymentsOfDividends
3608000
CY2019Q2 us-gaap Line Of Credit
LineOfCredit
675000
CY2018Q3 us-gaap Line Of Credit
LineOfCredit
4000000
CY2017Q3 us-gaap Line Of Credit
LineOfCredit
5000000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
162775000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
162918000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
161490000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
152182000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
153080000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
149677000
CY2019Q2 culp Capital Employed
CapitalEmployed
125311000
CY2019Q1 culp Capital Employed
CapitalEmployed
130155000
CY2018Q4 culp Capital Employed
CapitalEmployed
129853000
CY2018Q3 culp Capital Employed
CapitalEmployed
134095000
CY2018Q2 culp Capital Employed
CapitalEmployed
114817000
CY2018Q1 culp Capital Employed
CapitalEmployed
109165000
CY2017Q4 culp Capital Employed
CapitalEmployed
109373000
CY2017Q3 culp Capital Employed
CapitalEmployed
108222000
CY2019Q2 culp Gross Margin
GrossMargin
0.172
CY2019Q1 culp Gross Margin
GrossMargin
0.183
CY2018Q4 culp Gross Margin
GrossMargin
0.173
CY2018Q3 culp Gross Margin
GrossMargin
0.148
CY2018Q2 culp Gross Margin
GrossMargin
0.189
CY2018Q1 culp Gross Margin
GrossMargin
0.206
CY2017Q4 culp Gross Margin
GrossMargin
0.196
CY2017Q3 culp Gross Margin
GrossMargin
0.207
CY2019Q2 culp Operating Margin Percent
OperatingMarginPercent
0.028
CY2019Q1 culp Operating Margin Percent
OperatingMarginPercent
0.056
CY2018Q4 culp Operating Margin Percent
OperatingMarginPercent
0.056
CY2018Q3 culp Operating Margin Percent
OperatingMarginPercent
0.029
CY2018Q2 culp Operating Margin Percent
OperatingMarginPercent
0.083
CY2018Q1 culp Operating Margin Percent
OperatingMarginPercent
0.090
CY2017Q4 culp Operating Margin Percent
OperatingMarginPercent
0.079
CY2017Q3 culp Operating Margin Percent
OperatingMarginPercent
0.088
CY2019Q2 culp Net Income Margin
NetIncomeMargin
-0.021
CY2019Q1 culp Net Income Margin
NetIncomeMargin
0.040
CY2018Q4 culp Net Income Margin
NetIncomeMargin
0.038
CY2018Q3 culp Net Income Margin
NetIncomeMargin
0.014
CY2018Q2 culp Net Income Margin
NetIncomeMargin
0.162
CY2018Q1 culp Net Income Margin
NetIncomeMargin
-0.009
CY2017Q4 culp Net Income Margin
NetIncomeMargin
0.049
CY2017Q3 culp Net Income Margin
NetIncomeMargin
0.063
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.997
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.287
CY2018Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.465
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.961
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
1.092
CY2017Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.342
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2019Q2 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.005
CY2019Q1 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.00
CY2018Q4 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.00
CY2018Q3 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.030
CY2018Q2 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.00
CY2018Q1 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.00
CY2017Q4 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.00
CY2017Q3 culp Debt To Capital Employed Ratio
DebtToCapitalEmployedRatio
0.046
CY2019Q2 culp High Stock Price Per Share
HighStockPricePerShare
21.06
CY2019Q1 culp High Stock Price Per Share
HighStockPricePerShare
23.84
CY2018Q4 culp High Stock Price Per Share
HighStockPricePerShare
27.78
CY2018Q3 culp High Stock Price Per Share
HighStockPricePerShare
32.05
CY2018Q2 culp High Stock Price Per Share
HighStockPricePerShare
32.29
CY2018Q1 culp High Stock Price Per Share
HighStockPricePerShare
34.05
CY2017Q4 culp High Stock Price Per Share
HighStockPricePerShare
33.25
CY2017Q3 culp High Stock Price Per Share
HighStockPricePerShare
34.00
CY2019Q2 culp Low Stock Price Per Share
LowStockPricePerShare
17.05
CY2019Q1 culp Low Stock Price Per Share
LowStockPricePerShare
18.06
CY2018Q4 culp Low Stock Price Per Share
LowStockPricePerShare
21.04
CY2018Q3 culp Low Stock Price Per Share
LowStockPricePerShare
23.90
CY2018Q2 culp Low Stock Price Per Share
LowStockPricePerShare
27.40
CY2018Q1 culp Low Stock Price Per Share
LowStockPricePerShare
26.15
CY2017Q4 culp Low Stock Price Per Share
LowStockPricePerShare
27.00
CY2017Q3 culp Low Stock Price Per Share
LowStockPricePerShare
30.60
CY2019Q2 culp Closing Stock Price Per Share
ClosingStockPricePerShare
20.74
CY2019Q1 culp Closing Stock Price Per Share
ClosingStockPricePerShare
18.47
CY2018Q4 culp Closing Stock Price Per Share
ClosingStockPricePerShare
22.31
CY2018Q3 culp Closing Stock Price Per Share
ClosingStockPricePerShare
24.75
CY2018Q2 culp Closing Stock Price Per Share
ClosingStockPricePerShare
30.10
CY2018Q1 culp Closing Stock Price Per Share
ClosingStockPricePerShare
31.35
CY2017Q4 culp Closing Stock Price Per Share
ClosingStockPricePerShare
31.95
CY2017Q3 culp Closing Stock Price Per Share
ClosingStockPricePerShare
30.65
CY2019Q2 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
35.6
CY2019Q1 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
43.3
CY2018Q4 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
29.8
CY2018Q3 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
27.0
CY2018Q2 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
18.3
CY2018Q1 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
17.4
CY2017Q4 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
24.4
CY2017Q3 culp Daily Average Trading Volume Shares
DailyAverageTradingVolumeShares
27.9
CY2019 dei Entity Address State Or Province
EntityAddressStateOrProvince
NC
CY2019 culp Restructuring Credit
RestructuringCredit
825000
CY2018 culp Restructuring Credit
RestructuringCredit
CY2017 culp Restructuring Credit
RestructuringCredit
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4500000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
4500000
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3800000
CY2019 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
-282000
CY2018 culp Tax Cuts And Jobs Act Of2017 Incomplete Accounting Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingProvisionalIncomeTaxExpenseBenefit
-4300000
CY2019Q2 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
5.8
CY2019Q1 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
6.0
CY2018Q4 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
6.3
CY2018Q3 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
6.6
CY2018Q2 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.1
CY2018Q1 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.4
CY2017Q4 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.4
CY2017Q3 culp Operating Working Capital Turnover
OperatingWorkingCapitalTurnover
7.4
CY2019Q2 culp Days Sales In Receivables
DaysSalesInReceivables
30
CY2019Q1 culp Days Sales In Receivables
DaysSalesInReceivables
30
CY2018Q4 culp Days Sales In Receivables
DaysSalesInReceivables
28
CY2018Q3 culp Days Sales In Receivables
DaysSalesInReceivables
29
CY2018Q2 culp Days Sales In Receivables
DaysSalesInReceivables
30
CY2018Q1 culp Days Sales In Receivables
DaysSalesInReceivables
28
CY2017Q4 culp Days Sales In Receivables
DaysSalesInReceivables
27
CY2017Q3 culp Days Sales In Receivables
DaysSalesInReceivables
25
CY2019Q2 culp Inventory Turnover
InventoryTurnover
4.6
CY2019Q1 culp Inventory Turnover
InventoryTurnover
4.6
CY2018Q4 culp Inventory Turnover
InventoryTurnover
5.0
CY2018Q3 culp Inventory Turnover
InventoryTurnover
4.5
CY2018Q2 culp Inventory Turnover
InventoryTurnover
4.8
CY2018Q1 culp Inventory Turnover
InventoryTurnover
5.2
CY2017Q4 culp Inventory Turnover
InventoryTurnover
5.2
CY2017Q3 culp Inventory Turnover
InventoryTurnover
4.7

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