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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Cash flows from operating activities:    
Net earnings $ 1,152 $ 1,385
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 2,245 1,798
Stock-based compensation expense 443 398
Net (gain) on investments (63) (388)
Deferred income taxes (157) 28
Changes in operating assets and liabilities:    
Purchases of trading securities (8,739) (2,857)
Proceeds from maturities and sales of trading securities 10,727 5,758
Accounts receivable, net (207) 5,466
Prepaid expenses and other assets (171) 330
Accounts payable and other liabilities 160 (4,223)
Deferred revenue (579) (3,334)
Net cash provided by operating activities 4,811 4,361
Cash flows from investing activities:    
Capitalized computer software development costs (1,285) (884)
Purchases of property and equipment, net of disposals (110) (714)
Net cash used in investing activities (1,395) (1,598)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,452 2,666
Dividends paid (3,434) (3,368)
Net cash used in financing activities (1,982) (702)
Net change in cash and cash equivalents 1,434 2,061
Cash and cash equivalents at beginning of period 61,288 52,794
Cash and cash equivalents at end of period 62,722 54,855
Cash paid during the period for:    
Income taxes, net of refunds 105 27
Supplemental disclosures of noncash operating, investing and financing activities:    
Accrual of dividends payable $ 3,451 $ 3,400