Income Taxes (Tables)

12 Months Ended

Apr. 30, 2021

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The (benefit) provision for income taxes consisted of the following (in thousands):

	Year Ended April 30,
	2021			2020
Current:
Federal	$	(119	)	$	(1,713	)
State		(85	)		(37	)
Current (benefit) provision		(204	)		(1,750	)
Deferred:
Federal		-			9
State		-			(1	)
Deferred tax (benefit) provision		-			8

Total (benefit) provision	$	(204	)	$	(1,742	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reconciles the reported income tax (benefit) provision, recorded primarily due to the (i) recognition of previously unrecognized tax benefits, (ii) state and local taxes, (iii) and a change in the valuation allowance, with the amount computed using the federal statutory income tax rate (in thousands):

	Year Ended April 30,
	2021			2020
Statutory rate	$	100		$	(2,471	)
State and local tax		69			(417	)
Valuation allowance on deferred tax assets		961			2,009
Nondeductible expenses		2			(134	)
Uncertain tax positions		(898	)		-
Nontaxable life insurance cash value increase		(63	)		(73	)
Taxable life insurance gain		128			-
Stock Compensation		242			-
Tax credits		(434	)		(46	)
Change in tax rate		(323	)		(120	)
Impact of CARES Act		-			(592	)
Other items		12			102
Total (benefit) provision	$	(204	)	$	(1,742	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred taxes are as follows (in thousands):

	Year Ended April 30,
	2021			2020
Deferred tax assets:
Employee benefits	$	4,789		$	4,794
Inventory		1,946			1,904
Accounts receivable		119			207
Tax credits		2,027			1,610
Other assets		883			1,073
Lease Liability		2,593			2,807
Capital Loss carry-forward		2,602			2,515
Net operating loss carryforwards		6,203			6,185
Total deferred tax asset		21,162			21,095
Deferred tax liabilities:
Property, plant and equipment		(666	)		(1,518	)
Right of use asset		(2,514	)		(2,696	)
Other liabilities		(195	)		(193	)
Deferred state income tax		(932	)		(842	)
Net deferred tax asset		16,855			15,846
Valuation allowance		(16,863	)		(15,854	)
Net deferred tax (liability) asset	$	(8	)	$	(8	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows (in thousands):

	2021			2020
Balance at the beginning of the fiscal year	$	1,354		$	1,258
Additions based on positions taken in the current year		-			15
Additions based on positions taken in prior years		-			119
Decreases based on positions taken in prior years		-			(2	)
Lapse in statute of limitations		(1,235	)		(36	)
Balance at the end of the fiscal year	$	119		$	1,354