Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Oct. 28, 2017 | Dec. 01, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | National Beverage Corp. | |
Entity Central Index Key | 69,891 | |
Trading Symbol | fizz | |
Current Fiscal Year End Date | --04-28 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 46,600,750 | |
Document Type | 10-Q | |
Document Period End Date | Oct. 28, 2017 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Oct. 28, 2017 | Apr. 29, 2017 |
Current assets: | ||
Cash and equivalents | $ 128,836 | $ 136,372 |
Trade receivables - net | 80,293 | 71,319 |
Inventories | 59,725 | 53,355 |
Prepaid and other assets | 11,059 | 7,275 |
Total current assets | 279,913 | 268,321 |
Property, plant and equipment - net | 69,359 | 65,150 |
Goodwill | 13,145 | 13,145 |
Intangible assets | 1,615 | 1,615 |
Other assets | 6,093 | 5,752 |
Total assets | 370,125 | 353,983 |
Current liabilities: | ||
Accounts payable | 64,726 | 58,100 |
Accrued liabilities | 31,985 | 29,017 |
Income taxes payable | 73 | 89 |
Total current liabilities | 96,784 | 87,206 |
Deferred income taxes net | 13,846 | 12,087 |
Other liabilities | 8,522 | 9,072 |
Shareholders' equity: | ||
Common stock, $.01 par value - 75,000,000 shares authorized; 50,633,534 shares issued (50,616,134 shares at April 29) | 506 | 506 |
Additional paid-in capital | 36,000 | 35,638 |
Retained earnings | 230,302 | 227,928 |
Accumulated other comprehensive income (loss) | 2,015 | (604) |
Total shareholders' equity | 250,973 | 245,618 |
Total liabilities and shareholders' equity | 370,125 | 353,983 |
Series C Preferred Stock [Member] | ||
Shareholders' equity: | ||
Preferred stock, $1 par value - 1,000,000 shares authorized: Series C - 150,000 shares issued | 150 | 150 |
Treasury stock, value | (5,100) | (5,100) |
Treasury Stock, Common [Member] | ||
Shareholders' equity: | ||
Treasury stock, value | $ (12,900) | $ (12,900) |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Oct. 28, 2017 | Apr. 29, 2017 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares shares authorized (in shares) | 75,000,000 | 75,000,000 |
Common stock, shares issued (in shares) | 50,633,534 | 50,616,134 |
Series C Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 1 | $ 1 |
Preferred stock, shares issued (in shares) | 150,000 | 150,000 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Treasury stock, shares (in shares) | 150,000 | 150,000 |
Treasury Stock, Common [Member] | ||
Treasury stock, shares (in shares) | 4,032,784 | 4,032,784 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Net sales | $ 244,119 | $ 203,180 | $ 503,951 | $ 420,288 |
Cost of sales | 148,039 | 124,463 | 303,368 | 256,077 |
Gross profit | 96,080 | 78,717 | 200,583 | 164,211 |
Selling, general and administrative expenses | 45,423 | 41,397 | 92,146 | 82,885 |
Interest expense | 51 | 50 | 101 | 88 |
Other income - net | 306 | 122 | 617 | 219 |
Income before income taxes | 50,912 | 37,392 | 108,953 | 81,457 |
Provision for income taxes | 16,932 | 12,788 | 36,701 | 27,858 |
Net income | $ 33,980 | $ 24,604 | $ 72,252 | $ 53,599 |
Earnings per common share: | ||||
Basic (in dollars per share) | $ 0.73 | $ 0.53 | $ 1.55 | $ 1.15 |
Diluted (in dollars per share) | $ 0.72 | $ 0.53 | $ 1.54 | $ 1.15 |
Weighted average common shares outstanding: | ||||
Basic (in shares) | 46,593 | 46,560 | 46,589 | 46,558 |
Diluted (in shares) | 46,925 | 46,761 | 46,921 | 46,764 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Net income | $ 33,980 | $ 24,604 | $ 72,252 | $ 53,599 |
Other comprehensive income, net of tax: | ||||
Cash flow hedges | 3,247 | 840 | 2,619 | 1,255 |
Comprehensive income | $ 37,227 | $ 25,444 | $ 74,871 | $ 54,854 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Preferred Stock [Member]Series C Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Treasury Stock, Preferred [Member]Series C Preferred Stock [Member] | Treasury Stock, Common [Member] |
Balance at Oct. 29, 2016 | $ 261,280 | $ 150 | $ 506 | $ 34,844 | $ 244,332 | $ (552) | $ (5,100) | $ (12,900) |
Balance at Apr. 30, 2016 | 34,570 | 190,733 | (1,807) | |||||
Stock options exercised | 100 | |||||||
Stock-based compensation | 98 | |||||||
Stock-based tax benefits | 76 | |||||||
Net income | 53,599 | 53,599 | ||||||
Common stock cash dividend | ||||||||
Cash flow hedges | 1,255 | 1,255 | ||||||
Balance at Oct. 28, 2017 | 250,973 | $ 150 | $ 506 | 36,000 | 230,302 | 2,015 | $ (5,100) | $ (12,900) |
Balance at Apr. 30, 2017 | 35,638 | 227,928 | (604) | |||||
Stock options exercised | 282 | |||||||
Stock-based compensation | 80 | |||||||
Stock-based tax benefits | ||||||||
Net income | 72,252 | 72,252 | ||||||
Common stock cash dividend | $ (69,878) | |||||||
Cash flow hedges | $ 2,619 | $ 2,619 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Oct. 28, 2017 | Oct. 29, 2016 | |
Operating Activities: | ||
Net income | $ 72,252 | $ 53,599 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 7,087 | 6,357 |
Deferred income tax provision (benefit) | 214 | (127) |
Gain on sale of property, net | (6) | |
Stock-based compensation | 80 | 98 |
Stock-based tax benefits | 76 | |
Changes in assets and liabilities: | ||
Trade receivables | (8,974) | (2,260) |
Inventories | (6,370) | (2,170) |
Prepaid and other assets | (1,069) | (854) |
Accounts payable | 6,626 | (5,905) |
Accrued and other liabilities | 2,492 | 4,456 |
Net cash provided by operating activities | 72,338 | 53,264 |
Investing Activities: | ||
Additions to property, plant and equipment | (10,317) | (8,468) |
Proceeds from sale of property, plant and equipment | 39 | 15 |
Net cash used in investing activities | (10,278) | (8,453) |
Financing Activities: | ||
Dividends paid on common stock | (69,878) | |
Proceeds from stock options exercised | 282 | 100 |
Net cash (used in) provided by financing activities | (69,596) | 100 |
Net (Decrease) Increase in Cash and Equivalents | (7,536) | 44,911 |
Cash and Equivalents - Beginning of Period | 136,372 | 105,577 |
Cash and Equivalents - End of Period | 128,836 | 150,488 |
Other Cash Flow Information: | ||
Interest paid | 38 | 152 |
Income taxes paid | $ 37,643 | $ 25,770 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. Basis of Presentation The consolidated financial statements include the accounts of National Beverage Corp. and its subsidiaries. Significant intercompany transactions and accounts have been eliminated. The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not 10 April 29, 2017. 6, The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Results for the interim periods presented are not Derivative Financial Instruments We use derivative financial instruments to partially mitigate our exposure to changes in raw material costs. All derivative financial instruments are recorded at fair value in our Consolidated Balance Sheets. The estimated fair value of derivative financial instruments is calculated based on market rates to settle the instruments. We do not 5. Earnings P er Common Share Basic e arnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options. Inventories Inventories are stated at the lower of first first October 28, 2017 $38.4 and raw materials of $21.3 April 29, 2017 $35.0 $18.4 |
Note 2 - Property, Plant and Eq
Note 2 - Property, Plant and Equipment | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 2 . PROPERTY , PLANT AND EQUIPMENT Property , plant and equipment consist of the following: (In thousands) October 28, 2017 April 29, 2017 Land $ 9,500 $ 9,500 Buildings and improvements 51,323 51,157 Machinery and equipment 181,073 172,257 Total 241,896 232,914 Less accumulated depreciation (172,537 ) (167,764 ) Property , plant and equipment – net $ 69,359 $ 65,150 Depreciation expense was $ 3.1 $6.1 three six October 28, 2017, $2.7 $5.4 three six October 29, 2016, |
Note 3 - Debt
Note 3 - Debt | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 3 . DEBT At October 28, 2017, $100 June 18, 2018 April 30, 2021 .9% one no October 28, 2017 April 29, 2017. October 28, 2017, $2.2 $97.8 The Credit Facilities require the subsidiary to maintain certain financial ratios, including debt to net worth and debt to EBITDA (as defined in the Credit Facilities), and contain other restrictions, none October 28, 2017, |
Note 4 - Stock-based Compensati
Note 4 - Stock-based Compensation | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 4 . STOCK-BASED COMPENSATION During the six October 28, 2017, 17,400 $16.18 900 $17.59 October 28, 2017, 365,795 $11.24 2,810,914 |
Note 5 - Derivative Financial I
Note 5 - Derivative Financial Instruments | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 5 . DERIVATIVE FINANCIAL INSTRUMENTS From time to time, we enter into aluminum swap contracts to partially mitigate our exposure to changes in the cost of aluminum cans. Such financial instruments are designated and accounted for as a cash flow hedge. Accordingly, gains or losses attributable to the effective portion of the cash flow hedge are reported in Accumulated Other Comprehensive Income (Loss) (“AOCI”) and reclassified into cost of sales in the period in which the hedged transaction affects earnings. The ineffective portion of the change in fair value of our cash flow hedge was immaterial. The following summarizes the gains (losses) recognized in the Consolidated Statements of Income and AOCI relative to the cash flow hedge for the three six October 28, 2017 October 29, 2016: (In thousands) Three Months Ended Six Months Ended 201 7 201 6 201 7 201 6 Recognized in AOCI: Gain (loss) before income taxes $ 5,523 $ 253 $ 4,556 $ (197 ) Less income tax provision (benefit) 2,049 94 1,690 (73 ) Net $ 3,474 $ 159 $ 2,866 $ (124 ) Reclassified from AOCI to cost of sales: Gain (loss) before income taxes $ 362 $ (1,083 ) $ 393 $ (2,193 ) Less income tax provision (benefit) 135 (402 ) 146 (814 ) Net $ 227 $ (681 ) $ 247 $ (1,379 ) Net change to AOCI $ 3,247 $ 840 $ 2,619 $ 1,255 As of October 28, 2017, $42.6 no $3.1 12 1. As of October 28, 2017, $3.1 $308,000, April 29, 2017, $602,000, $848,000 $476,000, not 2 |
Note 6 - Recently Issued Accoun
Note 6 - Recently Issued Accounting Pronouncements | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 6 . RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In March 2016, No. 2016 09, 2016 09” and forfeitures, as well as classification of certain items in the statement of cash flows. The Company adopted ASU 2016 09 April 30, 2017 $76,000 six October 29, 2016. 2016 09 $480,000 $561,000 three six October 28, 2017, In November 2015, No. 2015 17, Balance Sheet Classification of Deferred Taxes” (“ASU 2015 17” 2015 17 2015 17 April 30, 2017, $3.9 April 29, 2017 . In May 2014, No. 2014 09, Revenue from Contracts with Customers” (“ASU 2014 09” 2014 09 August 12, 2015, 2015 14 2014 09 one April 29, 2018. not In February 2016, No. 2016 02, 2016 02” 2016 02 2016 02 April 28, 2019. In August 2017, 2017 12, 2017 12” 2017 12 April 28, 2019. |
Note 7 - Commitments and Contin
Note 7 - Commitments and Contingencies | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 7 . COMMITMENTS AND CONTINGENCIES As of October 28, 2017, $1.7 August 1, 2019, not |
Note 8 - Cash Dividend
Note 8 - Cash Dividend | 6 Months Ended |
Oct. 28, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 8 . CASH DIVIDEND On May 5, 2017, $1.50 June 5, 2017 . $69.9 was paid on August 4, 2017. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Oct. 28, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The consolidated financial statements include the accounts of National Beverage Corp. and its subsidiaries. Significant intercompany transactions and accounts have been eliminated. The consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) and rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not 10 April 29, 2017. 6, The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Results for the interim periods presented are not |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments We use derivative financial instruments to partially mitigate our exposure to changes in raw material costs. All derivative financial instruments are recorded at fair value in our Consolidated Balance Sheets. The estimated fair value of derivative financial instruments is calculated based on market rates to settle the instruments. We do not 5. |
Earnings Per Share, Policy [Policy Text Block] | Earnings P er Common Share Basic e arnings per common share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated in a similar manner, but includes the dilutive effect of stock options. |
Inventory, Policy [Policy Text Block] | Inventories Inventories are stated at the lower of first first October 28, 2017 $38.4 and raw materials of $21.3 April 29, 2017 $35.0 $18.4 |
Note 2 - Property, Plant and 17
Note 2 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Oct. 28, 2017 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | (In thousands) October 28, 2017 April 29, 2017 Land $ 9,500 $ 9,500 Buildings and improvements 51,323 51,157 Machinery and equipment 181,073 172,257 Total 241,896 232,914 Less accumulated depreciation (172,537 ) (167,764 ) Property , plant and equipment – net $ 69,359 $ 65,150 |
Note 5 - Derivative Financial18
Note 5 - Derivative Financial Instruments (Tables) | 6 Months Ended |
Oct. 28, 2017 | |
Notes Tables | |
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] | (In thousands) Three Months Ended Six Months Ended 201 7 201 6 201 7 201 6 Recognized in AOCI: Gain (loss) before income taxes $ 5,523 $ 253 $ 4,556 $ (197 ) Less income tax provision (benefit) 2,049 94 1,690 (73 ) Net $ 3,474 $ 159 $ 2,866 $ (124 ) Reclassified from AOCI to cost of sales: Gain (loss) before income taxes $ 362 $ (1,083 ) $ 393 $ (2,193 ) Less income tax provision (benefit) 135 (402 ) 146 (814 ) Net $ 227 $ (681 ) $ 247 $ (1,379 ) Net change to AOCI $ 3,247 $ 840 $ 2,619 $ 1,255 |
Note 1 - Significant Accounti19
Note 1 - Significant Accounting Policies (Details Textual) - USD ($) $ in Millions | Oct. 28, 2017 | Apr. 29, 2017 |
Inventory, Finished Goods, Gross | $ 38.4 | $ 35 |
Inventory, Raw Materials, Gross | $ 21.3 | $ 18.4 |
Note 2 - Property, Plant and 20
Note 2 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Depreciation | $ 3.1 | $ 2.7 | $ 6.1 | $ 5.4 |
Note 2 - Property, Plant and 21
Note 2 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Oct. 28, 2017 | Apr. 29, 2017 |
Land | $ 9,500 | $ 9,500 |
Buildings and improvements | 51,323 | 51,157 |
Machinery and equipment | 181,073 | 172,257 |
Total | 241,896 | 232,914 |
Less accumulated depreciation | (172,537) | (167,764) |
Property, plant and equipment – net | $ 69,359 | $ 65,150 |
Note 3 - Debt (Details Textual)
Note 3 - Debt (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Oct. 28, 2017 | Apr. 29, 2017 | |
Long-term Line of Credit | $ 0 | $ 0 |
Revolving Credit Facility [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 100,000 | |
Letters of Credit Outstanding, Amount | 2,200 | |
Line of Credit Facility, Remaining Borrowing Capacity | $ 97,800 | |
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument, Basis Spread on Variable Rate | 0.90% |
Note 4 - Stock-based Compensa23
Note 4 - Stock-based Compensation (Details Textual) | 6 Months Ended |
Oct. 28, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 17,400 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares | $ 16.18 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 900 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price | $ / shares | $ 17.59 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 365,795 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares | $ 11.24 |
Employee Stock Option [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,810,914 |
Note 5 - Derivative Financial24
Note 5 - Derivative Financial Instruments (Details Textual) - USD ($) | Oct. 28, 2017 | Apr. 29, 2017 |
Derivative, Notional Amount | $ 42,600,000 | |
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months | 3,100,000 | |
Prepaid Expenses and Other Current Assets [Member] | ||
Derivative Asset, Current | 3,100,000 | $ 602,000 |
Other Noncurrent Assets [Member] | ||
Derivative Asset, Noncurrent | $ 308,000 | |
Accrued Liabilities1 [Member] | ||
Derivative Liability, Current | 848,000 | |
Other Liabilities [Member] | ||
Derivative Liability, Noncurrent | $ 476,000 |
Note 5 - Derivative Financial25
Note 5 - Derivative Financial Instruments - Derivatives Instruments, Statements of Financial Performance and Financial Position (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Recognized in AOCI: | ||||
Gain (loss) before income taxes | $ 5,523 | $ 253 | $ 4,556 | $ (197) |
Less income tax provision (benefit) | 2,049 | 94 | 1,690 | (73) |
Net | 3,474 | 159 | 2,866 | (124) |
Reclassified from AOCI to cost of sales: | ||||
Gain (loss) before income taxes | 362 | (1,083) | 393 | (2,193) |
Less income tax provision (benefit) | 135 | (402) | 146 | (814) |
Net | 227 | (681) | 247 | (1,379) |
Net change to AOCI | $ 3,247 | $ 840 | $ 2,619 | $ 1,255 |
Note 6 - Recently Issued Acco26
Note 6 - Recently Issued Accounting Pronouncements (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Oct. 28, 2017 | Oct. 29, 2016 | Oct. 28, 2017 | Oct. 29, 2016 | |
Income Tax Expense (Benefit) | $ 16,932,000 | $ 12,788,000 | $ 36,701,000 | $ 27,858,000 |
Reclassification of Excess Tax Benefits from Financing to Operating Activities [Member] | Six Months Ended October 29, 2016 [Member] | ||||
Prior Period Reclassification Adjustment | $ 76,000 | |||
Accounting Standards Update 2016-09 [Member] | ||||
Income Tax Expense (Benefit) | $ 480,000 | 561,000 | ||
Reclassification of Deferred Taxes from Current to Non-current [Member] | April 29, 2017 [Member] | ||||
Prior Period Reclassification Adjustment | $ 3,900,000 |
Note 7 - Commitments and Cont27
Note 7 - Commitments and Contingencies (Details Textual) $ in Millions | Oct. 28, 2017USD ($) |
Leveraged Leases, Net Investment in Leveraged Leases Disclosure, Residual Value of Leased Assets | $ 1.7 |
Note 8 - Cash Dividend (Details
Note 8 - Cash Dividend (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Aug. 04, 2017 | Jun. 05, 2017 | May 05, 2017 | Oct. 28, 2017 | Oct. 29, 2016 |
Common Stock, Dividends, Per Share, Declared | $ 1.50 | ||||
Payments of Ordinary Dividends, Common Stock | $ 69,900 | $ 69,878 | |||
Dividends Payable, Date of Record | Jun. 5, 2017 |