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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2021
Apr. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 7,392 $ (5,903)
Adjustments to reconcile net income (loss) to net cash    
Depreciation 554 537
Amortization of debt issuance costs 59 65
Non-cash credits and charges:    
Stock-based compensation 132 113
Deferred income tax provision (benefit) 2,494 (1,798)
Net periodic pension cost (36) 98
Gain on debt forgiveness (300) 0
Write-off of deferred purchase price, net 0 5,636
Pension settlement 0 2,929
Changes in assets and liabilities:    
Real estate inventory and investment assets 2,380 2,390
Other assets 296 (89)
Accounts payable and accrued expenses 1,333 161
Taxes receivable and payable 152 226
Accrued pension costs (1,847) (3,600)
Total adjustments 5,217 6,668
Net cash provided by operating activities 12,609 765
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (5) (9)
Net cash used in investing activities (5) (9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 6,611 4,662
Principal debt payments (6,680) (2,057)
Payments for debt issuance costs (120) (95)
Repurchase of common stock (5,116) 0
Net cash used in financing activities (5,305) 2,510
(Decrease) increase in cash, cash equivalents and restricted cash 7,299 3,266
Cash, cash equivalents and restricted cash, beginning of period 17,502 14,236
Cash, cash equivalents and restricted cash, end of period 24,801 17,502
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes (refunded) paid, net (153) (153)
Interest paid 120 182
Right-of-use assets obtained in exchange for operating lease liabilities (43) 0
SUPPLEMENTAL NON-CASH FINANCING ACTIVITIES:    
Forgiveness of debt $ 300 $ 0