$CULP
CULP INC

2021 Q2 Form 10-K Financial Statement

#000156459021036807 Filed on July 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2019 Q2
Revenue $79.06M $47.38M $67.02M
YoY Change 66.88% -29.31% -14.28%
Cost Of Revenue $67.27M $44.33M $55.83M
YoY Change 51.73% -20.59% -11.98%
Gross Profit $11.80M $3.045M $11.20M
YoY Change 287.42% -72.8% -24.15%
Gross Profit Margin 14.92% 6.43% 16.7%
Selling, General & Admin $10.16M $7.327M $8.758M
YoY Change 38.65% -16.34% 5.57%
% of Gross Profit 86.12% 240.62% 78.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.762M $1.946M $2.030M
YoY Change -9.46% -4.14% 1.91%
% of Gross Profit 14.94% 63.91% 18.13%
Operating Expenses $10.16M $7.327M $8.758M
YoY Change 38.65% -16.34% 5.57%
Operating Profit $1.638M -$17.99M $2.437M
YoY Change -109.1% -838.37% -62.3%
Interest Expense $36.00K $84.00K $4.000K
YoY Change -57.14% 2000.0% -84.62%
% of Operating Profit 2.2% 0.16%
Other Income/Expense, Net -$151.0K -$426.0K -$670.0K
YoY Change -64.55% -36.42% -682.61%
Pretax Income $2.342M -$18.38M $1.988M
YoY Change -112.74% -1024.7% -69.25%
Income Tax $1.031M $704.0K $3.091M
% Of Pretax Income 44.02% 155.48%
Net Earnings $1.485M -$27.83M -$1.511M
YoY Change -105.34% 1741.5% -111.93%
Net Earnings / Revenue 1.88% -58.73% -2.25%
Basic Earnings Per Share -$2.26 -$0.12
Diluted Earnings Per Share $119.8K -$2.26 -$0.12
COMMON SHARES
Basic Shares Outstanding 12.30M 12.38M
Diluted Shares Outstanding 12.30M 12.38M

Balance Sheet

Concept 2021 Q2 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.55M $70.71M $40.01M
YoY Change -39.83% 76.75% 68.96%
Cash & Equivalents $37.01M $69.79M $40.01M
Short-Term Investments $5.542M $923.0K $0.00
Other Short-Term Assets $3.852M $2.116M $2.816M
YoY Change 82.04% -24.86% -2.8%
Inventory $55.92M $47.91M $47.56M
Prepaid Expenses
Receivables $37.73M $25.09M $23.37M
Other Receivables $0.00 $1.600M $300.0K
Total Short-Term Assets $143.2M $151.7M $123.2M
YoY Change -5.59% 23.08% -6.68%
LONG-TERM ASSETS
Property, Plant & Equipment $44.00M $43.15M $46.48M
YoY Change 1.98% -7.17% -10.26%
Goodwill $0.00 $0.00 $13.57M
YoY Change -100.0% 0.0%
Intangibles $3.004M $3.380M $3.899M
YoY Change -11.12% -13.31% -8.8%
Long-Term Investments $9.556M $1.600M $1.508M
YoY Change 497.25% 6.1% 0.47%
Other Assets $2.035M $664.0K $643.0K
YoY Change 206.48% 3.27% -32.81%
Total Long-Term Assets $70.87M $63.40M $97.31M
YoY Change 11.79% -34.85% 13.26%
TOTAL ASSETS
Total Short-Term Assets $143.2M $151.7M $123.2M
Total Long-Term Assets $70.87M $63.40M $97.31M
Total Assets $214.1M $215.1M $220.6M
YoY Change -0.47% -2.48% 1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.89M $23.10M $22.80M
YoY Change 85.66% 1.32% -21.38%
Accrued Expenses $14.84M $5.700M $8.632M
YoY Change 160.33% -33.97% -17.77%
Deferred Revenue $540.0K $502.0K $399.0K
YoY Change 7.57% 25.81% -50.68%
Short-Term Debt $0.00 $7.606M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.23M $40.12M $35.19M
YoY Change 52.63% 14.0% -13.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $29.80M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $18.51M $13.70M $17.90M
YoY Change 35.12% -23.46% 50.42%
Total Long-Term Liabilities $18.51M $43.50M $17.90M
YoY Change -57.44% 143.02% 50.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.23M $40.12M $35.19M
Total Long-Term Liabilities $18.51M $43.50M $17.90M
Total Liabilities $85.07M $85.39M $56.31M
YoY Change -0.37% 51.64% 3.11%
SHAREHOLDERS EQUITY
Retained Earnings $84.44M $86.51M $115.6M
YoY Change -2.4% -25.15% 0.82%
Common Stock $44.42M $43.20M $44.31M
YoY Change 2.84% -2.52% -9.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $129.0M $129.7M $159.9M
YoY Change
Total Liabilities & Shareholders Equity $214.1M $215.1M $220.6M
YoY Change -0.47% -2.48% 1.18%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $1.485M -$27.83M -$1.511M
YoY Change -105.34% 1741.5% -111.93%
Depreciation, Depletion And Amortization $1.762M $1.946M $2.030M
YoY Change -9.46% -4.14% 1.91%
Cash From Operating Activities -$172.0K $5.490M $5.780M
YoY Change -103.13% -5.02% -3.67%
INVESTING ACTIVITIES
Capital Expenditures -$2.344M -$520.0K -$310.0K
YoY Change 350.77% 67.74% -94.74%
Acquisitions
YoY Change
Other Investing Activities $4.954M $6.830M $8.710M
YoY Change -27.47% -21.58% -4059.09%
Cash From Investing Activities $2.610M $6.330M $8.400M
YoY Change -58.77% -24.64% -237.7%
FINANCING ACTIVITIES
Cash Dividend Paid $1.289M $1.239M
YoY Change 4.04% 10.53%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.350M 36.13M -590.0K
YoY Change -103.74% -6223.73% -47.32%
NET CHANGE
Cash From Operating Activities -172.0K 5.490M 5.780M
Cash From Investing Activities 2.610M 6.330M 8.400M
Cash From Financing Activities -1.350M 36.13M -590.0K
Net Change In Cash 1.088M 47.95M 13.59M
YoY Change -97.73% 252.83% -1213.93%
FREE CASH FLOW
Cash From Operating Activities -$172.0K $5.490M $5.780M
Capital Expenditures -$2.344M -$520.0K -$310.0K
Free Cash Flow $2.172M $6.010M $6.090M
YoY Change -63.86% -1.31% -48.78%

Facts In Submission

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55000
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
70000
CY2019 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1319000
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3323000
CY2019 us-gaap Dividends Cash
DividendsCash
4732000
CY2020 us-gaap Profit Loss
ProfitLoss
-28667000
CY2020 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
360000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
614000
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-50000
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
164247000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1251000
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
156000
CY2021 us-gaap Dividends Cash
DividendsCash
5292000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
129006000
CY2020 us-gaap Profit Loss
ProfitLoss
-28667000
CY2019 us-gaap Profit Loss
ProfitLoss
5458000
CY2021 us-gaap Depreciation
Depreciation
6846000
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
466000
CY2020 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
33914000
CY2020 culp Reversal Of Contingent Consideration Associated With Discontinued Operation
ReversalOfContingentConsiderationAssociatedWithDiscontinuedOperation
-6081000
CY2020 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-1606000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1251000
CY2021 culp Deferred Income Tax Expense Benefit From Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations
3760000
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
819000
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1452000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-125000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-114000
CY2021 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
6000
CY2020 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
-10000
CY2019 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
-94000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1520000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-109000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
17000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12117000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1994000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2339000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7225000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
837000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3841000
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1442000
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-342000
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-41000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1452000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
48000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
65000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
17228000
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
499000
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-3427000
CY2021 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
9457000
CY2020 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
-1017000
CY2019 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
-1492000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
38000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
103000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-410000
CY2020 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-124000
CY2019 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
124000
CY2021 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
843000
CY2020 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-126000
CY2019 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-2329000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21478000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4970000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13873000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
892000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12096000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6664000
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4585000
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3261000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
672000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1894000
CY2020 culp Proceeds From Long Term Note Receivable Associated With Discontinued Operation
ProceedsFromLongTermNoteReceivableAssociatedWithDiscontinuedOperation
1523000
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
90000
CY2020 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
220000
CY2019 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
120000
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
468000
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
6606000
CY2019 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
2458000
CY2021 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
10165000
CY2020 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
6100000
CY2019 us-gaap Proceeds From Sale Of Held To Maturity Securities
ProceedsFromSaleOfHeldToMaturitySecurities
25680000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
5044000
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
7555000
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
10000
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
8173000
CY2020 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
7465000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
157000
CY2019 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
1233000
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
619000
CY2020 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
788000
CY2019 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1011000
CY2019 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
394000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10680000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5712000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
15161000
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30765000
CY2019 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
12000000
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30772000
CY2019 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12000000
CY2020 culp Proceeds From Paycheck Protection Program Loan
ProceedsFromPaycheckProtectionProgramLoan
7606000
CY2021 culp Payments Associated With Paycheck Protection Program Loan
PaymentsAssociatedWithPaycheckProtectionProgramLoan
7606000
CY2019 us-gaap Repayments Of Longterm Loans From Vendors
RepaymentsOfLongtermLoansFromVendors
1412000
CY2020 culp Proceeds From Subordinated Loan Payable Associated With The Noncontrolling Interest Of Discontinued Operation
ProceedsFromSubordinatedLoanPayableAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation
250000
CY2019 culp Proceeds From Subordinated Loan Payable Associated With The Noncontrolling Interest Of Discontinued Operation
ProceedsFromSubordinatedLoanPayableAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation
675000
CY2020 culp Payments To Acquire Businesses Financing Activities
PaymentsToAcquireBusinessesFinancingActivities
1532000
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
5292000
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
5075000
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
4732000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1680000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3323000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
25000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
51000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1319000
CY2020 culp Proceeds From Capital Contribution Associated With The Noncontrolling Interest Of Discontinued Operation
ProceedsFromCapitalContributionAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation
360000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
50000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43710000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30643000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10161000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
131000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-119000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-93000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-32781000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29782000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18780000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69790000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40008000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21228000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37009000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69790000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40008000
CY2021 us-gaap Fiscal Period
FiscalPeriod
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our fiscal year is the 52 or 53-week period ending on the Sunday closest to April 30. Fiscal 2021, 2020, and 2019 included 52 weeks, 53 weeks, and 52 weeks, respectively.</p>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37009000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
69790000
CY2021Q2 us-gaap Short Term Investments
ShortTermInvestments
5500000
CY2020Q2 us-gaap Short Term Investments
ShortTermInvestments
923000
CY2021Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
8400000
CY2020Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
7800000
CY2021Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
4300000
CY2020Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
6300000
CY2021Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
4300000
CY2020Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
6400000
CY2021 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2020 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2019 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2020 culp Advertising Costs Discontinued Operations
AdvertisingCostsDiscontinuedOperations
1700000
CY2019 culp Advertising Costs Discontinued Operations
AdvertisingCostsDiscontinuedOperations
2200000
CY2021 us-gaap Interest Costs Incurred
InterestCostsIncurred
51000
CY2021 culp Interest Costs Incurred Continuing Operations
InterestCostsIncurredContinuingOperations
51000
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
190000
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
65000
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
190000
CY2020 culp Interest Costs Incurred Continuing Operations
InterestCostsIncurredContinuingOperations
106000
CY2020 culp Interest Costs Incurred Discontinued Operations
InterestCostsIncurredDiscontinuedOperations
84000
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
65000
CY2019 culp Interest Costs Incurred Continuing Operations
InterestCostsIncurredContinuingOperations
35000
CY2019 culp Interest Costs Incurred Discontinued Operations
InterestCostsIncurredDiscontinuedOperations
30000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1411000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-96000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-62000
CY2020 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
33900000
CY2020 culp Asset Impairment Charges From Discontinued Operations
AssetImpairmentChargesFromDiscontinuedOperations
20200000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2020Q2 us-gaap Goodwill
Goodwill
0
CY2021Q2 us-gaap Goodwill
Goodwill
0
CY2021 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
0
CY2019 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
0
CY2021 culp Dividends Received Deduction Percentage For Earnings And Profits Received From Foreign Corporation
DividendsReceivedDeductionPercentageForEarningsAndProfitsReceivedFromForeignCorporation
1
CY2021 culp Dividends Received Deduction Foreign Corporation Ownership Percentage
DividendsReceivedDeductionForeignCorporationOwnershipPercentage
0.10
CY2021Q2 us-gaap Available For Sale Securities Accumulated Gross Unrealized Gain Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
24000
CY2021Q2 culp Net Sales Related To Inventory Shipment In Supply Agreement
NetSalesRelatedToInventoryShipmentInSupplyAgreement
379000
CY2021Q2 culp Charges Related To Rebate Agreement
ChargesRelatedToRebateAgreement
25000
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
300995000
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
256960000
CY2021 culp Business Acquisitions Pro Forma Operating Income Loss From Continuing Operations
BusinessAcquisitionsProFormaOperatingIncomeLossFromContinuingOperations
12138000
CY2020 culp Business Acquisitions Pro Forma Operating Income Loss From Continuing Operations
BusinessAcquisitionsProFormaOperatingIncomeLossFromContinuingOperations
-7820000
CY2021 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
2430000
CY2020 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
-11283000
CY2020 culp Business Acquisitions Pro Forma Income Loss From Discontinuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromDiscontinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
-17509000
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2430000
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-28792000
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2019Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2021 culp Payment Received From Royalty Agreement
PaymentReceivedFromRoyaltyAgreement
154000
CY2020Q2 culp Payment Received From Royalty Agreement
PaymentReceivedFromRoyaltyAgreement
0
CY2021 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
0.20
CY2020 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
-0.91
CY2021 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
0.20
CY2020 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
-0.91
CY2020 culp Business Acquisition Pro Forma Income Loss From Discontinuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromDiscontinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
-1.41
CY2020 culp Business Acquisition Pro Forma Income Loss From Discontinuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromDiscontinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
-1.41
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.20
CY2020 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-2.33
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.20
CY2020 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-2.33
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-125000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-114000
CY2020Q2 us-gaap Equity Method Investments
EquityMethodInvestments
1600000
CY2020Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
38455000
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
25649000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37726000
CY2020Q2 us-gaap Accounts Receivable Net Current
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CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
903000
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
844000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
249000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
106000
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
135000
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
74000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
85000
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
76000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
434000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
89000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1444000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1269000
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
903000
CY2021Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1100000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1300000
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1300000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1400000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1400000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1300000
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
165000
CY2020Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
103000
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1400000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2998000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4995000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6694000
CY2021 culp Income Taxes Refunded Amount
IncomeTaxesRefundedAmount
1500000
CY2021Q2 culp Percentage Of Expected Alternative Minimum Tax Amount Refundable In Current Fiscal Year
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0.50
CY2020Q2 culp Percentage Of Remaining Refundable Alternative Minimum Tax Credit Carryforward
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0.50
CY2020Q4 culp Percentage Of Received Alternative Minimum Tax
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0.50
CY2020Q4 culp Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax Amount Remaining Refundable Received
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764000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
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11730000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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1805000
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OperatingLeaseLiabilityNoncurrent
2016000
CY2021 us-gaap Operating Lease Payments
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2634000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2524000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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8014000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
344000
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M9D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0241
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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2821000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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2647000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2341000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1409000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
158000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
541000
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
9917000
CY2021Q2 culp Interest Payable On Operating Lease Liabilities
InterestPayableOnOperatingLeaseLiabilities
360000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9557000
CY2021Q2 culp Accounts Payable Capital Expenditures Current
AccountsPayableCapitalExpendituresCurrent
348000
CY2020Q2 culp Accounts Payable Capital Expenditures Current
AccountsPayableCapitalExpendituresCurrent
107000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12300000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12378000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12462000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
86000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12322000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12378000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12548000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1200000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
143000
CY2021Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
8400000
CY2020Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
7700000
CY2021Q2 us-gaap Available For Sale Securities Noncurrent
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8400000
CY2020Q2 us-gaap Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
7800000
CY2020 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
185000
CY2019 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
189000
CY2021 us-gaap Number Of Operating Segments
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2
CY2021 us-gaap Concentration Risk Labor Subject To Collective Bargaining Arrangements
ConcentrationRiskLaborSubjectToCollectiveBargainingArrangements
The hourly employees associated with our manufacturing facility located in Canada (approximately 12% of our workforce) are represented by a local, unaffiliated union. The collective bargaining agreement for these employees expires on February 1, 2023. We are not aware of any efforts to organize any more of our employees, and we believe our relations with our employees are good.
CY2021 us-gaap Description Of Effect On Previously Reported Segment Information For Change In Composition Of Reportable Segments
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During fiscal 2019, we elected to no longer include goodwill and intangible assets in segment assets, as these assets are not used by the Chief Operating Decision Maker to evaluate the respective segment’s operating performance, to allocate resources to the individual segments, or determine executive compensation.
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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299720000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
256166000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Gross Profit
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CY2020 us-gaap Gross Profit
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CY2019 us-gaap Gross Profit
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CY2021 us-gaap Selling General And Administrative Expense
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CY2020 us-gaap Selling General And Administrative Expense
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CY2019 us-gaap Selling General And Administrative Expense
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33243000
CY2020 us-gaap Asset Impairment Charges
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13712000
CY2019 us-gaap Other Nonrecurring Expense
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678000
CY2020 us-gaap Restructuring Charges
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-70000
CY2019 us-gaap Restructuring Charges
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1563000
CY2021 us-gaap Operating Income Loss
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12076000
CY2020 us-gaap Operating Income Loss
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CY2019 us-gaap Operating Income Loss
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CY2021 us-gaap Interest Expense
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51000
CY2020 us-gaap Interest Expense
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106000
CY2019 us-gaap Interest Expense
InterestExpense
35000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
244000
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
897000
CY2019 us-gaap Investment Income Interest
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789000
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
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819000
CY2021 us-gaap Other Nonoperating Income Expense
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-2208000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10880000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7679000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12722000
CY2019 culp Restructuring Credit Expense
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825000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2021 culp Capital Expenditures
CapitalExpenditures
6905000
CY2020 culp Capital Expenditures
CapitalExpenditures
4633000

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