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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2013
Cash flows from operating activities:      
Net earnings $ 8,128 $ 10,331 $ 10,411
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 5,833 2,605 4,153
Stock-based compensation expense 1,530 1,509 1,476
Bond amortization   1 15
Accretion of liability from purchase of business 11 8  
Tax benefit of options exercised 420 615 133
Excess tax benefits from stock-based compensation (384) (611) (131)
Net loss (gain) on investments 638 304 (328)
Retirement of property and equipment     90
Deferred income tax (benefit) expense (723) 956 192
Changes in operating assets and liabilities, net of effects of acquisition:      
Purchases of trading securities (18,806) (14,751) (14,710)
Proceeds from sales and maturities of trading securities 11,204 15,702 16,334
Accounts receivable, net (400) (1,609) 2,892
Prepaid expenses and other assets 350 (1,218) 22
Accounts payable and other liabilities (1,870) 1,465 (3,271)
Deferred revenue 4,093 3,004 1,850
Net cash provided by operating activities 10,024 18,311 19,128
Cash flows from investing activities:      
Capitalized computer software development costs (2,747) (2,949) (3,418)
Purchases of property and equipment, net of disposals (1,028) (255) (736)
Proceeds from maturities of investments   225 1,188
Purchase of business, net of cash acquired (7,909) (1,241)  
Net cash used in investing activities (11,684) (4,220) (2,966)
Cash flows from financing activities:      
Repurchase of common stock (1,100)   (759)
Excess tax benefits from stock-based compensation 384 611 131
Proceeds from exercise of stock options 2,725 5,476 1,990
Payment for accrued acquisition consideration (200)    
Dividends paid (11,297) (5,539) (15,471)
Net cash (used in) provided by financing activities (9,488) 548 (14,109)
Net change in cash and cash equivalents (11,148) 14,639 2,053
Cash and cash equivalents at beginning of year 55,803 41,164 39,111
Cash and cash equivalents at end of year 44,655 55,803 41,164
Supplemental disclosures of cash paid during the year for:      
Income taxes 2,597 4,565 $ 5,206
Supplemental disclosures of noncash operating, investing and financing activities:      
Accrual of dividends payable $ 2,861 $ 2,822