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Company:
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CULP INC (CULP)
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Form Type:
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11-K
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Filing Date:
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6/23/2022
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CIK:
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0000723603
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Address:
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1823 EASTCHESTER DRIVE
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City, State, Zip:
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HIGH POINT, North Carolina 27265
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Telephone:
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(336) 889-5161
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Fiscal Year:
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05/03
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Last Trade
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Last Trade:
$5.19
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Change:
-0.07 (-1.33%)
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Trade Time:
Jun 27
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Market Cap:
$63.41M
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Description of Business
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As used in this document, the terms "Culp," the "company," "we," "our," and "us"
refer to Culp, Inc. and its consolidated subsidiaries (unless the context
indicates another meaning). The term "common stock" means the common stock of
Culp, Inc., par value $.05 per share. The terms "Read Window Products" and
"Read" refer to our wholly-owned subsidiary, Read Window Products, LLC. During
the fourth quarter of fiscal 2020, the company sold its majority ownership
interest in eLuxury, LLC ("eLuxury"), resulting in the elimination of the
company's home accessory segment at the time of such sale. Accordingly, the
results of operations for this segment are excluded from the company's
continuing operations for the fiscal 2020 year and all prior periods of
comparison, and the financial results are presented as a discontinued operation
in the company's consolidated financial statements. See Note 3 to the
consolidated financial statements for further details.
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