10-Q Filing

CULP INC CIK: 723603 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-043218`
Period End Date	20200731
Filing Date	20200911
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	culp-10q_20200802_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 147 Income Statement 43 Cash Flow Statement 70 Stockholders Equity 18 Comprehensive Income 9

Balance Sheet 147 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.79M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.99M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.24M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Short-term investments - Held-To-Maturity	`HeldToMaturitySecuritiesCurrent`	$5.09M	USD	Point-in-time
Short-term investments - Held-To-Maturity	`HeldToMaturitySecuritiesCurrent`	$4.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Short-term investments - Available for Sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$923.00K	USD	Point-in-time
Short-term investments - Available for Sale	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$983.00K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.28M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.41M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.66M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	12.29M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.09M	USD	Point-in-time
Inventories	`InventoryNet`	$40.40M	USD	Point-in-time
Inventories	`InventoryNet`	$47.91M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.29M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.28M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	12.41M	shares	Point-in-time
Inventories	`InventoryNet`	$47.59M	USD	Point-in-time
Current income taxes receivable	`IncomeTaxesReceivable`	$782.00K	USD	Point-in-time
Current income taxes receivable	`IncomeTaxesReceivable`	$776.00K	USD	Point-in-time
Current income taxes receivable	`IncomeTaxesReceivable`	$1.58M	USD	Point-in-time
Current assets - Discontinued operation	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.55M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.62M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$151.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$122.44M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$43.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$42.05M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$45.48M	USD	Point-in-time
Goodwill	`Goodwill`	$13.57M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.81M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.38M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$3.29M	USD	Point-in-time
Long-term investments - rabbi trust	`AvailableForSaleSecuritiesNoncurrent`	$7.83M	USD	Point-in-time
Long-term investments - rabbi trust	`AvailableForSaleSecuritiesNoncurrent`	$7.92M	USD	Point-in-time
Long-term investments - rabbi trust	`AvailableForSaleSecuritiesNoncurrent`	$7.35M	USD	Point-in-time
Long-term investments - Held-To-Maturity	`HeldToMaturitySecuritiesNoncurrent`	$2.08M	USD	Point-in-time
Long-term investments - Held-To-Maturity	`HeldToMaturitySecuritiesNoncurrent`	$1.31M	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$3.90M	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$5.49M	USD	Point-in-time
Right of use assets	`OperatingLeaseRightOfUseAsset`	$6.44M	USD	Point-in-time
Noncurrent income taxes receivable	`IncomeTaxesReceivableNoncurrent`	$733.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$593.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$486.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$793.00K	USD	Point-in-time
Investment in unconsolidated joint venture	`EquityMethodInvestments`	$1.76M	USD	Point-in-time
Investment in unconsolidated joint venture	`EquityMethodInvestments`	$1.52M	USD	Point-in-time
Investment in unconsolidated joint venture	`EquityMethodInvestments`	$1.60M	USD	Point-in-time
Long-term note receivable affiliated with discontinued operation	`LongTermNoteReceivableAffiliatedWithDiscontinuedOperation`	$1.80M	USD	Point-in-time
Noncurrent assets - Discontinued operation	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$23.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$664.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$526.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$540.00K	USD	Point-in-time
Total assets	`Assets`	$226.25M	USD	Point-in-time
Total assets	`Assets`	$184.59M	USD	Point-in-time
Total assets	`Assets`	$215.08M	USD	Point-in-time
Line of credit - China operations	`LinesOfCreditCurrent`	$1.01M	USD	Point-in-time
Paycheck Protection Program Loan	`ShortTermBorrowings`	$7.61M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$25.75M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$23.00M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$21.86M	USD	Point-in-time
Accounts payable - capital expenditures	`AccountsPayableCapitalExpendituresCurrent`	$107.00K	USD	Point-in-time
Accounts payable - capital expenditures	`AccountsPayableCapitalExpendituresCurrent`	$333.00K	USD	Point-in-time
Accounts payable - capital expenditures	`AccountsPayableCapitalExpendituresCurrent`	$50.00K	USD	Point-in-time
Operating lease liability - current	`OperatingLeaseLiabilityCurrent`	$2.27M	USD	Point-in-time
Operating lease liability - current	`OperatingLeaseLiabilityCurrent`	$2.39M	USD	Point-in-time
Operating lease liability - current	`OperatingLeaseLiabilityCurrent`	$1.80M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$399.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$502.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$684.00K	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$685.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.85M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.10M	USD	Point-in-time
Accrued restructuring costs	`RestructuringReserveCurrent`	$42.00K	USD	Point-in-time
Current liabilities - Discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.43M	USD	Point-in-time
Income taxes payable - current	`AccruedIncomeTaxesCurrent`	$1.12M	USD	Point-in-time
Income taxes payable - current	`AccruedIncomeTaxesCurrent`	$613.00K	USD	Point-in-time
Income taxes payable - current	`AccruedIncomeTaxesCurrent`	$395.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.55M	USD	Point-in-time
Line of credit - U.S. operations	`LongTermLineOfCredit`	$29.75M	USD	Point-in-time
Accrued expenses - long-term	`AccruedLiabilitiesNoncurrent`	$333.00K	USD	Point-in-time
Accrued expenses - long-term	`AccruedLiabilitiesNoncurrent`	$117.00K	USD	Point-in-time
Accrued expenses - long-term	`AccruedLiabilitiesNoncurrent`	$167.00K	USD	Point-in-time
Operating lease liability - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$3.08M	USD	Point-in-time
Operating lease liability - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$2.02M	USD	Point-in-time
Operating lease liability - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$4.21M	USD	Point-in-time
Income taxes payable - long-term	`AccruedIncomeTaxesNoncurrent`	$3.80M	USD	Point-in-time
Income taxes payable - long-term	`AccruedIncomeTaxesNoncurrent`	$3.64M	USD	Point-in-time
Income taxes payable - long-term	`AccruedIncomeTaxesNoncurrent`	$3.59M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.82M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$5.31M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.54M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.87M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.72M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.23M	USD	Point-in-time
Contingent consideration affiliated with discontinued operation	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$5.93M	USD	Point-in-time
Noncurrent liabilities - Discontinued operation	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$3.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$61.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$85.39M	USD	Point-in-time
Commitments and Contingencies (Notes 10, 17 and 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 10, 17 and 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 10, 17 and 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.05 par value, authorized 10,000,000	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value, authorized 10,000,000	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value, authorized 10,000,000	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,291,946 at August 2, 2020; 12,405,014 at August 4, 2019; and 12,284,946 at May 3, 2020	`CommonStockValue`	$615.00K	USD	Point-in-time
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,291,946 at August 2, 2020; 12,405,014 at August 4, 2019; and 12,284,946 at May 3, 2020	`CommonStockValue`	$615.00K	USD	Point-in-time
Common stock, $0.05 par value, authorized 40,000,000 shares, issued and outstanding 12,291,946 at August 2, 2020; 12,405,014 at August 4, 2019; and 12,284,946 at May 3, 2020	`CommonStockValue`	$621.00K	USD	Point-in-time
Capital contributed in excess of par value	`AdditionalPaidInCapitalCommonStock`	$42.58M	USD	Point-in-time
Capital contributed in excess of par value	`AdditionalPaidInCapitalCommonStock`	$42.71M	USD	Point-in-time
Capital contributed in excess of par value	`AdditionalPaidInCapitalCommonStock`	$43.80M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$86.51M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$82.49M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$115.68M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$46.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$59.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.00K	USD	Point-in-time
Total shareholders' equity attributable to Culp Inc.	`StockholdersEquity`	$160.15M	USD	Point-in-time
Total shareholders' equity attributable to Culp Inc.	`StockholdersEquity`	$129.70M	USD	Point-in-time
Total shareholders' equity attributable to Culp Inc.	`StockholdersEquity`	$125.87M	USD	Point-in-time
Noncontrolling interest - Discontinued Operation	`MinorityInterest`	$4.19M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.34M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$184.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$215.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$226.25M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$70.72M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$64.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$54.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$58.31M	USD	1 Quarter
Gross profit from continuing operations	`GrossProfit`	$9.90M	USD	1 Quarter
Gross profit from continuing operations	`GrossProfit`	$12.41M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.15M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.02M	USD	1 Quarter
Restructuring credit	`RestructuringCreditExpense`	$-35.00K	USD	1 Quarter
Income from continuing operations	`OperatingIncomeLoss`	$3.30M	USD	1 Quarter
Income from continuing operations	`OperatingIncomeLoss`	$1.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$51.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$58.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$260.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-366.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-95.00K	USD	1 Quarter
Income before income taxes from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.52M	USD	1 Quarter
Income before income taxes from continuing operations	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.32M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.69M	USD	1 Quarter
Income from investment in unconsolidated joint venture	`IncomeLossFromEquityMethodInvestments`	$67.00K	USD	1 Quarter
Income from investment in unconsolidated joint venture	`IncomeLossFromEquityMethodInvestments`	$13.00K	USD	1 Quarter
Net (loss) income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.78M	USD	1 Quarter
Net (loss) income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.73M	USD	1 Quarter
Loss before income taxes from discontinued operation	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-621.00K	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-11.00K	USD	1 Quarter
Net loss from discontinued operation	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-610.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.17M	USD	1 Quarter
Net (loss) income from continuing operations per share - basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.14	USD	1 Quarter
Net (loss) income from continuing operations per share - basic	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.22	USD	1 Quarter
Net (loss) income from continuing operations per share - diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.22	USD	1 Quarter
Net (loss) income from continuing operations per share - diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.14	USD	1 Quarter
Net loss from discontinued operation per share - basic	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.05	USD	1 Quarter
Net loss from discontinued operation per share - diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.05	USD	1 Quarter
Net (loss) income per share - basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net (loss) income per share - basic	`EarningsPerShareBasic`	$-0.22	USD	1 Quarter
Net (loss) income per share - diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Net (loss) income per share - diluted	`EarningsPerShareDiluted`	$-0.22	USD	1 Quarter
Average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.40M	shares	1 Quarter
Average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.29M	shares	1 Quarter
Average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.29M	shares	1 Quarter
Average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.41M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.17M	USD	1 Quarter
Depreciation	`Depreciation`	$1.82M	USD	1 Quarter
Depreciation	`Depreciation`	$1.91M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$176.00K	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$118.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$154.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$126.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations`	$3.69M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefitFromContinuingAndDiscontinuedOperations`	$-662.00K	USD	1 Quarter
Gain on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$17.00K	USD	1 Quarter
Income from investment in unconsolidated joint venture	`IncomeLossFromEquityMethodInvestments`	$67.00K	USD	1 Quarter
Income from investment in unconsolidated joint venture	`IncomeLossFromEquityMethodInvestments`	$13.00K	USD	1 Quarter
Foreign currency exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$-154.00K	USD	1 Quarter
Foreign currency exchange loss (gain)	`ForeignCurrencyTransactionGainLossUnrealized`	$47.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$375.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.59M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-161.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.25M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$24.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-111.00K	USD	1 Quarter
Accounts payable trade	`IncreaseDecreaseInAccountsPayableTrade`	$2.54M	USD	1 Quarter
Accounts payable trade	`IncreaseDecreaseInAccountsPayableTrade`	$-1.47M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$285.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$183.00K	USD	1 Quarter
Accrued expenses and deferred compensation	`IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation`	$222.00K	USD	1 Quarter
Accrued expenses and deferred compensation	`IncreaseDecreaseInAccruedLiabilitiesAndDeferredCompensation`	$2.38M	USD	1 Quarter
Accrued restructuring costs	`IncreaseDecreaseInRestructuringReserve`	$-82.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$807.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$524.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.02M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.58M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$500.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$935.00K	USD	1 Quarter
Proceeds from the sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$209.00K	USD	1 Quarter
Investment in unconsolidated joint venture	`PaymentsToAcquireInterestInJointVenture`	$90.00K	USD	1 Quarter
Proceeds from the sale of short-term investments (Held to Maturity)	`ProceedsFromSaleOfHeldToMaturitySecurities`	$5.00M	USD	1 Quarter
Proceeds from the sale of short-term investments (Held to Maturity)	`ProceedsFromSaleOfHeldToMaturitySecurities`	$350.00K	USD	1 Quarter
Purchase of short-term and long-term investments (Held to Maturity)	`PaymentsToAcquireInvestments`	$423.00K	USD	1 Quarter
Purchase of short-term investments (Available for Sale)	`PaymentsToAcquireShortTermInvestments`	$34.00K	USD	1 Quarter
Proceeds from the sale of long-term investments (Rabbi Trust)	`ProceedsFromSaleOfLongtermInvestments`	$39.00K	USD	1 Quarter
Purchase of long-term investments (Rabbi Trust)	`PaymentsToAcquireLongtermInvestments`	$259.00K	USD	1 Quarter
Purchase of long-term investments (Rabbi Trust)	`PaymentsToAcquireLongtermInvestments`	$78.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.01M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-736.00K	USD	1 Quarter
Payments associated with lines of credit	`RepaymentsOfLinesOfCredit`	$30.77M	USD	1 Quarter
Payments associated with Paycheck Protection Program Loan	`PaymentsAssociatedWithPaycheckProtectionProgramLoan`	$7.61M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.24M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.29M	USD	1 Quarter
Cash paid for acquisition of business	`PaymentsToAcquireBusinessesFinancingActivities`	$763.00K	USD	1 Quarter
Proceeds from subordinated loan payable associated with the noncontrolling interest of discontinued operation	`ProceedsFromSubordinatedLoanPayableAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation`	$250.00K	USD	1 Quarter
Capital contribution from noncontrolling interest associated with discontinued operation	`ProceedsFromCapitalContributionAssociatedWithTheNoncontrollingInterestOfDiscontinuedOperation`	$40.00K	USD	1 Quarter
Common stock surrendered for withholding taxes payable	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$44.00K	USD	1 Quarter
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$15.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-39.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.76M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-52.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$35.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-29.80M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$39.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$69.79M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.25M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.17M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$154.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$126.00K	USD	1 Quarter
Unrealized gain on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$6.00K	USD	1 Quarter
Unrealized gain on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$69.00K	USD	1 Quarter
Common stock surrendered for withholding taxes payable	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$44.00K	USD	1 Quarter
Dividends paid	`DividendsCash`	$1.24M	USD	1 Quarter
Dividends paid	`DividendsCash`	$1.29M	USD	1 Quarter
Capital contribution from non-controllinginterest associated with discontinuedoperation	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$40.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$125.87M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.70M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$164.25M	USD	Point-in-time

Comprehensive Income 9 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-2.73M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$1.17M	USD	1 Quarter
Unrealized holding gains on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.00K	USD	1 Quarter
Unrealized holding gains on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$69.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.66M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.18M	USD	1 Quarter
Plus: Comprehensive loss attributable to noncontrolling interest associated with discontinued operation	`ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestAssociatedWithDiscontinuedOperation`	$-164.00K	USD	1 Quarter
Comprehensive (loss) income attributable to Culp, Inc. common shareholders	`ComprehensiveIncomeNetOfTax`	$-2.66M	USD	1 Quarter
Comprehensive (loss) income attributable to Culp, Inc. common shareholders	`ComprehensiveIncomeNetOfTax`	$1.34M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.