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Note 6. Preferred Stock Redemption
3 Months Ended
Aug. 02, 2014
Disclosure Text Block Supplement [Abstract]  
Preferred Stock [Text Block]

6. PREFERRED STOCK REDEMPTION


On August 1, 2014, the Company redeemed 120,000 shares of Series D Preferred, representing 50% of the amount outstanding, for an aggregate price of $6 million plus accrued dividends. In connection therewith, the Company accreted and charged to retained earnings $89,000 of original issuance costs, which was deducted from income available to common shareholders for earnings per share calculation.