Company: CULP
Filing Date: 2025-03-07
Form Type: 10-Q
Source: 0000950170-25-035191
Chunk: 2

Company: CULP INC
Filing Date: 2025-03-07
Form: 10-Q
Item: Item 1
Chunk 2
---
,083

    7,102

    Long-term notes receivable

    1,254

    1,530

    1,462

    Deferred income taxes

    490

    531

    518

    Other assets

    639

    853

    830

    Total assets
     
    $
    127,555

    $
    141,998

    $
    132,054

    Current liabilities:

    Lines of credit
     
    $
    5,384

    $
    —

    $
    —

    Accounts payable - trade

    32,717

    29,793

    25,607

    Accounts payable - capital expenditures

    439

    19

    343

    Operating lease liability - current

    2,025

    2,524

    2,061

    Deferred compensation - current

    1,753

    937

    903

    Deferred revenue

    697

    1,798

    1,495

    Accrued expenses

    6,079

    7,300

    6,726

    Accrued restructuring

    723

    —

    —

    Income taxes payable - current

    828

    1,070

    972

    Total current liabilities

    50,645

    43,441

    38,107

    Operating lease liability - long-term

    3,127

    2,656

    2,422

    Income taxes payable - long-term

    1,400

    2,072

    2,088

    Deferred income taxes

    6,582

    6,177

    6,379

    Deferred compensation - long-term

    6,151

    6,856

    6,929

    Total liabilities

    67,905

    61,202

    55,925

    Commitments and Contingencies (Notes 11, 17, and 18)

    Shareholders' equity

    Preferred stock, $0.05 par value, authorized 10,000,000

    —

    —

    —

    Common stock, $0.05 par value, authorized 40,000,000 shares, issued