Note 8 - Income Taxes (Tables)

12 Months Ended

Apr. 30, 2022

Notes Tables

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

	(In thousands)
	Fiscal		Fiscal		Fiscal
	2022		2021		2020
Current	$	42,555	$	51,520	$	40,647
Deferred		6,529		2,471		(1,164	)
Total	$	49,084	$	53,991	$	39,483

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

	(In thousands)
	2022		2021
Deferred tax assets:
Accrued expenses and other	$	3,306	$	3,347
Inventory and amortizable assets		325		544
Total deferred tax assets		3,631		3,891
Deferred tax liabilities:
Property		23,863		18,814
Intangibles and other		3,591		2,371
Total deferred tax liabilities		27,454		21,185
Net deferred tax liabilities	$	23,823	$	17,294

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

	Fiscal		Fiscal		Fiscal
	2022		2021		2020
Statutory federal income tax rate		21.0%		21.0%		21.0%
State income taxes, net of federal benefit		2.9		2.9		2.9
Other differences		( .3)		(.2)		(.6)
Effective income tax rate		23.6%		23.7%		23.3%

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

	(In thousands)
	Fiscal			Fiscal			Fiscal
	2022			2021			2020
Beginning balance	$	2,055		$	1,974		$	1,868
Increases due to current period tax positions		114			150			120
Decreases due to lapse of statute of limitations and audit resolutions		(90	)		(69	)		(14	)
Ending balance	$	2,079		$	2,055		$	1,974