v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2026
Apr. 30, 2026
Current assets:    
Cash and cash equivalents $ 61,407 $ 1,603
Accounts receivable, net of allowances of $39 at July 31, 2026 and at April 30, 2026 6,224 4,637
Contract assets 19,637 17,277
Inventories 22,206 22,618
Prepaid income taxes 85 221
Prepaid expenses and other 1,493 1,620
Total current assets 111,052 47,976
Property, plant, and equipment, net 7,661 7,105
Deferred taxes 13,219 14,084
Goodwill 218 218
Cash surrender value of life insurance and assets held in trust 11,797 11,744
Right-of-use assets – operating leases 6,953 7,409
Restricted cash 1,338 1,331
Other assets 1,339 839
Total assets 153,577 90,706
Current liabilities:    
Accounts payable – trade 1,593 2,979
Accrued liabilities 6,005 6,482
Loss provision accrual 14 103
Operating lease liability, current portion 1,679 2,002
Contract liabilities 11,519 9,418
Total current liabilities 20,810 20,984
Deferred compensation 7,617 7,664
Operating lease liability, non-current portion 5,283 5,648
Other liabilities 30 7
Total liabilities 33,740 34,303
Stockholders’ equity:    
Preferred stock - $1.00 par value; authorized 600 shares, no shares issued and outstanding 0 0
Common stock - $1.00 par value; authorized 20,000 shares, 11,017 shares issued and 10,961 shares outstanding at July 31, 2026; 9,925 shares issued and 9,869 shares outstanding at April 30, 2026 11,017 9,925
Additional paid-in capital 103,632 45,506
Retained earnings 6,972 2,756
Common stock reacquired and held in treasury - at cost (56 shares at July 31, 2026 and at April 30, 2026) (1,784) (1,784)
Total stockholders’ equity 119,837 56,403
Total liabilities and stockholders’ equity $ 153,577 $ 90,706