2022 Q3 Form 10-K Financial Statement

#000156459022025820 Filed on July 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $62.60M $56.94M $294.8M
YoY Change -24.62% -27.98% -1.63%
Cost Of Revenue $58.48M $53.18M $258.7M
YoY Change -17.11% -20.94% 3.54%
Gross Profit $4.128M $3.757M $36.09M
YoY Change -66.97% -68.15% -27.57%
Gross Profit Margin 6.59% 6.6% 12.24%
Selling, General & Admin $8.866M $9.140M $35.42M
YoY Change -3.43% -10.03% -6.2%
% of Gross Profit 214.78% 243.28% 98.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.770M $1.933M $6.994M
YoY Change 2.55% 9.7% 2.16%
% of Gross Profit 42.88% 51.45% 19.38%
Operating Expenses $8.866M $9.140M $35.42M
YoY Change -3.43% -10.03% -6.2%
Operating Profit -$4.738M -$5.383M $678.0K
YoY Change -242.8% -428.63% -94.39%
Interest Expense $17.00K $9.000K $17.00K
YoY Change -77.03% -75.0% -66.67%
% of Operating Profit 2.51%
Other Income/Expense, Net -$82.00K -$396.0K -$1.359M
YoY Change -65.4% 162.25% -38.45%
Pretax Income -$4.803M -$5.770M -$325.0K
YoY Change -252.23% -346.37% -102.99%
Income Tax $896.0K $253.0K $2.886M
% Of Pretax Income
Net Earnings -$5.699M -$6.023M -$3.211M
YoY Change -353.29% -505.59% -199.78%
Net Earnings / Revenue -9.1% -10.58% -1.09%
Basic Earnings Per Share -$0.47 -$0.26
Diluted Earnings Per Share -$0.47 -$492.8K -$0.26
COMMON SHARES
Basic Shares Outstanding 12.25M 12.24M
Diluted Shares Outstanding 12.24M 12.24M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.87M $14.55M $14.55M
YoY Change -49.56% -65.81% -68.17%
Cash & Equivalents $18.87M $14.55M $14.55M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $3.840M $2.986M $2.986M
YoY Change -1.26% -22.48% -22.48%
Inventory $63.75M $66.56M $66.56M
Prepaid Expenses
Receivables $24.81M $22.23M $22.23M
Other Receivables $798.0K $857.0K $857.0K
Total Short-Term Assets $112.1M $107.2M $107.2M
YoY Change -17.26% -25.16% -25.16%
LONG-TERM ASSETS
Property, Plant & Equipment $40.49M $41.70M $57.28M
YoY Change -7.83% -5.23% 2.77%
Goodwill $0.00
YoY Change
Intangibles $2.534M $2.628M
YoY Change -12.92% -12.52%
Long-Term Investments $9.567M $9.357M $9.357M
YoY Change -38.16% -2.08% -2.08%
Other Assets $724.0K $595.0K $1.123M
YoY Change -71.96% -70.76% -56.47%
Total Long-Term Assets $68.42M $70.39M $70.39M
YoY Change -10.91% -0.69% -0.69%
TOTAL ASSETS
Total Short-Term Assets $112.1M $107.2M $107.2M
Total Long-Term Assets $68.42M $70.39M $70.39M
Total Assets $180.5M $177.6M $177.6M
YoY Change -14.96% -17.06% -17.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.44M $20.57M $20.57M
YoY Change -35.05% -52.03% -52.03%
Accrued Expenses $7.158M $7.832M $11.05M
YoY Change -28.06% -47.22% -37.12%
Deferred Revenue $1.368M $520.0K
YoY Change 97.12% -3.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $41.68M $32.56M $32.56M
YoY Change -29.3% -46.83% -46.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $18.81M $19.50M $19.50M
YoY Change -0.1% 5.35% 5.35%
Total Long-Term Liabilities $18.81M $19.50M $19.50M
YoY Change -0.1% 5.35% 5.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.68M $32.56M $32.56M
Total Long-Term Liabilities $18.81M $19.50M $19.50M
Total Liabilities $66.50M $58.06M $58.06M
YoY Change -19.59% -31.75% -31.75%
SHAREHOLDERS EQUITY
Retained Earnings $70.02M $75.72M
YoY Change -17.95% -10.33%
Common Stock $43.95M $43.75M
YoY Change 0.07% -1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $114.0M $119.5M $119.5M
YoY Change
Total Liabilities & Shareholders Equity $180.5M $177.6M $177.6M
YoY Change -14.96% -17.06% -17.06%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$5.699M -$6.023M -$3.211M
YoY Change -353.29% -505.59% -199.78%
Depreciation, Depletion And Amortization $1.770M $1.933M $6.994M
YoY Change 2.55% 9.7% 2.16%
Cash From Operating Activities $5.309M -$5.072M -$17.44M
YoY Change 237.94% 2848.84% -181.2%
INVESTING ACTIVITIES
Capital Expenditures -$711.0K -$407.0K -$5.695M
YoY Change -63.59% -82.64% -14.54%
Acquisitions
YoY Change
Other Investing Activities -$47.00K $9.779M $8.191M
YoY Change -99.44% 97.4% -303.96%
Cash From Investing Activities -$758.0K $9.372M $2.496M
YoY Change -92.71% 259.08% -123.37%
FINANCING ACTIVITIES
Cash Dividend Paid $5.511M
YoY Change 4.14%
Common Stock Issuance & Retirement, Net $1.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -161.0K -1.407M -7.423M
YoY Change -92.44% 4.22% -83.02%
NET CHANGE
Cash From Operating Activities 5.309M -5.072M -17.44M
Cash From Investing Activities -758.0K 9.372M 2.496M
Cash From Financing Activities -161.0K -1.407M -7.423M
Net Change In Cash 4.324M 2.893M -22.46M
YoY Change -139.5% 165.9% -31.49%
FREE CASH FLOW
Cash From Operating Activities $5.309M -$5.072M -$17.44M
Capital Expenditures -$711.0K -$407.0K -$5.695M
Free Cash Flow $6.020M -$4.665M -$11.75M
YoY Change 70.83% -314.78% -141.74%

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CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.32
CY2022 us-gaap Profit Loss
ProfitLoss
-3211000
CY2021 us-gaap Profit Loss
ProfitLoss
3218000
CY2020 us-gaap Profit Loss
ProfitLoss
-28667000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-144000
CY2021 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
162000
CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-60000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-30000
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
6000
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-10000
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-114000
CY2021 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
156000
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-50000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3325000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3374000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1133000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1251000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
614000
CY2022 culp Deferred Income Tax Expense Benefit From Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations
691000
CY2021 culp Deferred Income Tax Expense Benefit From Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations
3760000
CY2020 culp Deferred Income Tax Expense Benefit From Continuing And Discontinued Operations
DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations
-1694000
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
819000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
57000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
238000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-125000
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-450000
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
6000
CY2020 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-10000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-16000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1520000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-109000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15416000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12117000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1994000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10787000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7225000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
837000
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-946000
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1442000
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-342000
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1386000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
1452000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
48000
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-22131000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
17228000
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
499000
CY2022 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
-5204000
CY2021 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
9457000
CY2020 culp Increase Decrease In Accrued Liabilities And Deferred Compensation
IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation
-1017000
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-20000
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
38000
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
103000
CY2020 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-124000
CY2022 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-907000
CY2021 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
843000
CY2020 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-126000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17441000
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
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
892000
CY2022 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5695000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6664000
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4585000
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
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
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
9879000
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
468000
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
6606000
CY2022 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
13486000
CY2021 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
10165000
CY2020 us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
6100000
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
4391000
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
5044000
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
7555000
CY2022 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
9751000
CY2021 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
8173000
CY2020 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
7465000
CY2022 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
56000
CY2021 us-gaap Proceeds From Sale Of Longterm Investments
ProceedsFromSaleOfLongtermInvestments
157000
CY2022 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1088000
CY2021 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
619000
CY2020 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
788000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2496000
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
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
9000000
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
30765000
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
9000000
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30772000
CY2020 culp Proceeds From Paycheck Protection Program Loan
ProceedsFromPaycheckProtectionProgramLoan
7606000
CY2021 culp Payments Associated With Paycheck Protection Program Loan
PaymentsAssociatedWithPaycheckProtectionProgramLoan
7606000
CY2020 culp Proceeds From Subordinated Loan Payable Associated With The Noncontrolling Interest Of Discontinued Operation
ProceedsFromSubordinatedLoanPayableAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation
250000
CY2020 culp Payments To Acquire Businesses Financing Activities
PaymentsToAcquireBusinessesFinancingActivities
1532000
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
5511000
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
5292000
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
5075000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1752000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1680000
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
50000
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
CY2020 culp Proceeds From Capital Contribution Associated With The Noncontrolling Interest Of Discontinued Operation
ProceedsFromCapitalContributionAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation
360000
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
110000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7423000
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
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-91000
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
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-22459000
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
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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14550000
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
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-132000
CY2020 culp Advertising Costs Discontinued Operations
AdvertisingCostsDiscontinuedOperations
1700000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1411000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-96000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 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 2022, 2021, and 2020 included 52 weeks, 52 weeks, and 53 weeks, respectively.</p>
CY2022 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>
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14550000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37009000
CY2021Q2 us-gaap Short Term Investments
ShortTermInvestments
5500000
CY2022Q2 culp Available For Sale Securities Debt And Equity Securities Noncurrent
AvailableForSaleSecuritiesDebtAndEquitySecuritiesNoncurrent
9400000
CY2021Q2 culp Available For Sale Securities Debt And Equity Securities Noncurrent
AvailableForSaleSecuritiesDebtAndEquitySecuritiesNoncurrent
8400000
CY2021Q2 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
4300000
CY2021Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
4300000
CY2021 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2020 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2022 culp Advertising Costs Continuing Operations
AdvertisingCostsContinuingOperations
0
CY2021 culp Business Acquisitions Pro Forma Operating Income Loss From Continuing Operations
BusinessAcquisitionsProFormaOperatingIncomeLossFromContinuingOperations
12138000
CY2022 us-gaap Interest Costs Incurred
InterestCostsIncurred
17000
CY2022 culp Interest Costs Incurred Continuing Operations
InterestCostsIncurredContinuingOperations
17000
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
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
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2021 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
0
CY2022 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
0
CY2020 culp Asset Impairment Charges From Continuing And Discontinued Operation
AssetImpairmentChargesFromContinuingAndDiscontinuedOperation
33900000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2022Q2 us-gaap Goodwill
Goodwill
0
CY2021Q2 us-gaap Goodwill
Goodwill
0
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
CY2022 culp Net Sales Related To Inventory Shipment In Supply Agreement
NetSalesRelatedToInventoryShipmentInSupplyAgreement
1600000
CY2021Q2 culp Net Sales Related To Inventory Shipment In Supply Agreement
NetSalesRelatedToInventoryShipmentInSupplyAgreement
379000
CY2022 culp Charges Related To Rebate Agreement
ChargesRelatedToRebateAgreement
73000
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
CY2022 culp Dividends Received Deduction Percentage For Earnings And Profits Received From Foreign Corporation
DividendsReceivedDeductionPercentageForEarningsAndProfitsReceivedFromForeignCorporation
1
CY2022 culp Dividends Received Deduction Foreign Corporation Ownership Percentage
DividendsReceivedDeductionForeignCorporationOwnershipPercentage
0.10
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
502000
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
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
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
22613000
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
38455000
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
22226000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37726000
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
31628000
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
31205000
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-3434000
CY2022Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3474000
CY2021Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
2884000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
0
CY2022Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
67827000
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
65258000
CY2021Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
540000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-2459000
CY2022 culp Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3414000
CY2021 culp Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
2497000
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
520000
CY2021Q2 us-gaap Contract With Customer Liability Current
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CY2022Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
125000
CY2021Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
165000
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1100000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3100000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2998000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4995000
culp Income Taxes Refunded Amount
IncomeTaxesRefundedAmount
1500000
culp Number Of Separate Installments
NumberOfSeparateInstallments
2
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DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTaxAmountRemainingRefundableReceived
746000
CY2020Q4 culp Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax Amount Remaining Refundable Received
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTaxAmountRemainingRefundableReceived
764000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15577000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11730000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3219000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2736000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
7062000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
6821000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
457000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1409000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
2954000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
2634000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
2524000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3762000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
8014000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
344000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P3Y3M14D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0177
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M9D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3367000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2986000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1945000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
493000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
10657000
CY2022Q2 culp Interest Payable On Operating Lease Liabilities
InterestPayableOnOperatingLeaseLiabilities
376000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
10281000
CY2022Q2 culp Accounts Payable Capital Expenditures Current
AccountsPayableCapitalExpendituresCurrent
473000
CY2021Q2 culp Accounts Payable Capital Expenditures Current
AccountsPayableCapitalExpendituresCurrent
348000
CY2021Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
8400000
CY2022Q2 culp Available For Sale Securities Debt And Equity Securities Noncurrent
AvailableForSaleSecuritiesDebtAndEquitySecuritiesNoncurrent
9400000
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12242000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12322000
CY2021Q2 culp Available For Sale Securities Debt And Equity Securities Noncurrent
AvailableForSaleSecuritiesDebtAndEquitySecuritiesNoncurrent
8400000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12378000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
244000
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
897000
CY2021 culp Capital Expenditures
CapitalExpenditures
6905000
CY2020 culp Capital Expenditures
CapitalExpenditures
4633000
CY2022Q2 us-gaap Goodwill
Goodwill
0
CY2021Q2 us-gaap Goodwill
Goodwill
0
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12242000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12300000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12378000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
22000
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1300000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1200000
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
212000
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
143000
CY2020 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
185000
CY2022Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
9300000
CY2022 us-gaap Interest Expense
InterestExpense
17000
CY2021 us-gaap Interest Expense
InterestExpense
51000
CY2020 us-gaap Interest Expense
InterestExpense
106000
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
373000
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 us-gaap Concentration Risk Labor Subject To Collective Bargaining Arrangements
ConcentrationRiskLaborSubjectToCollectiveBargainingArrangements
The hourly employees associated with our manufacturing facility located in Canada (approximately 10% 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.
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
294839000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
299720000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
256166000
CY2022 us-gaap Gross Profit
GrossProfit
36093000
CY2021 us-gaap Gross Profit
GrossProfit
49832000
CY2020 us-gaap Gross Profit
GrossProfit
40498000
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35415000
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
37756000
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
34424000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13712000
CY2020 us-gaap Restructuring Charges
RestructuringCharges
70000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
678000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
12076000
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-7568000
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
819000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1359000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2208000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-902000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-325000
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
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
13700000
CY2022 culp Capital Expenditures
CapitalExpenditures
5821000
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1800000
CY2022 dei Auditor Firm
AuditorFirmId
248
CY2022 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Entity File Number
EntityFileNumber
1-12597
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
56-1001967
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
1823 Eastchester Drive
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
High Point
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
true
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Trading Symbol
TradingSymbol
CULP
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
NC
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
27265
CY2022 dei City Area Code
CityAreaCode
336
CY2022 dei Security12b Title
Security12bTitle
Common Stock, par value $.05/ Share
CY2022 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12248382
CY2021Q4 dei Entity Public Float
EntityPublicFloat
154828758
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
2986000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2035000
CY2022Q2 us-gaap Assets Current
AssetsCurrent
107176000
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41702000
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
545000
CY2021Q2 us-gaap Assets
Assets
214080000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
119501000
CY2020 us-gaap Profit Loss
ProfitLoss
-28667000

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