v3.26.1
Lines of Credit (Tables)
 12 Months Ended
May 03, 2026
Debt Disclosure [Abstract]  
Summary of Outstanding Borrowings Under Lines of Credit

The summary of outstanding borrowings under our lines of credit follows:

 

(dollars in thousands)

May 3,
2026

 

April 27,
2025

 

Wells Fargo - U.S. revolving line of credit

$

7,000

 

$

4,600

 

Agricultural Bank of China - supplier financing arrangements

 

1,893

 

 

2,751

 

Agricultural Bank of China - working capital loan (executed May 2025)

 

3,071

 

 

—

 

Agricultural Bank of China - working capital loan (executed March 2026)

 

4,241

 

 

—

 

Agricultural Bank of China - revolving line of credit

 

—

 

 

3,988

 

Bank of China - working capital loan

 

1,462

 

 

1,375

 

China Construction Bank Corporation - working capital loan

 

1,462

 

 

—

 

Lines of credit (1)

$

19,129

 

$

12,714

 

 

 

 

 

 

 

(1)
Of the total $19.1 million, $12.1 million and $7.0 million were recorded within lines of credit - current and line of credit - long-term, respectively, within the Consolidated Balance Sheet as of May 3, 2026. Of the total $12.7 million, $8.1 million and $4.6 million were recorded within lines of credit - current and line of credit - long-term, respectively, within the Consolidated Balance Sheet as of April 27, 2025.
Summary of the Activity Associated With Supply Chain Financing Arrangements

The following summarizes the activity associated with our supply chain financing arrangements for the years ended May 3, 2026, and April 27, 2025:

 

(dollars in thousands)

 

2026

 

 

2025

 

Outstanding at the beginning of the year

 

$

2,751

 

 

$

—

 

Vendor invoices financed during the year

 

 

1,892

 

 

 

2,743

 

Vendor invoices paid during the year

 

 

(2,924

)

 

 

—

 

Effects of foreign currency

 

 

174

 

 

 

8

 

Ending balance

 

$

1,893

 

 

$

2,751