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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2021
Oct. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 4,963 $ 1,391
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 204 270
Amortization of debt issuance costs 34 30
Non-cash credits and charges:    
Stock-based compensation 47 42
Deferred income tax provision 1,522 548
Net periodic pension cost (246) 208
Gain on debt forgiveness (45)  
Changes in assets and liabilities:    
Real estate inventory and investment assets (2,580) (1,065)
Other assets (1,203) (614)
Accounts payable and accrued expenses 300 1,575
Accrued pension costs   (1,847)
Taxes payable (66)  
Net cash provided by (used in) operating activities 2,930 538
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy 92  
Capital expenditures (11) (3)
Net cash provided by (used in) investing activities 81 (3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 6,857 5,415
Principal debt payments (4,292) (3,475)
Payments for debt issuance costs (50) (57)
Repurchase of common stock   (4,228)
Net cash provided by (used in) financing activities 2,515 (2,345)
Increase (decrease) in cash and cash equivalents 5,526 (1,810)
Cash and cash equivalents, beginning of period 24,801 17,502
Cash and cash equivalents, end of period 30,327 15,692
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net 3  
Interest paid, net of amount capitalized   $ 52
Right-of-use assets obtained in exchange for operating lease liabilities $ 42