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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
Cash flows from operating activities:        
Net earnings     $ 6,197 $ 4,929
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization $ 1,882 $ 1,960 6,310 5,671
Stock-based compensation expense 600 500 1,510 1,308
Net (gain)/loss on investments     (1,036) 393
Deferred income taxes     (192) (166)
Changes in operating assets and liabilities:        
Purchases of trading securities     (21,934) (7,427)
Proceeds from maturities and sales of trading securities     22,687 12,944
Accounts receivable, net     (3,344) (831)
Prepaid expenses and other assets     (1,279) 724
Accounts payable and other liabilities     3,058 (4,031)
Deferred revenue     1,135 94
Net cash provided by operating activities     13,112 13,608
Cash flows from investing activities:        
Capitalized computer software development costs     (2,697) (4,162)
Purchases of property and equipment, net of disposals (101) (120) (339) (1,014)
Net cash used in investing activities     (3,036) (5,176)
Cash flows from financing activities:        
Proceeds from exercise of stock options     7,837 4,004
Dividends paid     (10,392) (10,172)
Net cash used in financing activities     (2,555) (6,168)
Net change in cash and cash equivalents     7,521 2,264
Cash and cash equivalents at beginning of period     61,288 52,794
Cash and cash equivalents at end of period 68,809 55,058 68,809 55,058
Cash paid during the period for:        
Income taxes, net of refunds     504 505
Supplemental disclosures of noncash operating, investing and financing activities:        
Accrual of dividends payable $ 3,523 $ 3,416 $ 3,523 $ 3,416