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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Cash flows from operating activities:        
Net earnings     $ 2,726 $ 2,911
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization $ 1,514 $ 2,183 3,194 4,428
Stock-based compensation expense 700 500 1,198 946
Net gain on investments     (803) (356)
Deferred income taxes     (344) (131)
Changes in operating assets and liabilities:        
Purchases of trading securities     (285) (21,412)
Proceeds from maturities and sales of trading securities     3,119 16,975
Accounts receivable, net     4,009 2,180
Prepaid expenses and other assets     322 (1,160)
Accounts payable and other liabilities     (3,344) 389
Deferred revenue     (3,021) (720)
Net cash provided by operating activities     6,771 4,050
Cash flows from investing activities:        
Capitalized computer software development costs     (371) (1,890)
Purchases of property and equipment, net of disposals (45) (128) (163) (238)
Net cash used in investing activities     (534) (2,128)
Cash flows from financing activities:        
Proceeds from exercise of stock options     2,853 6,358
Dividends paid     (7,118) (6,884)
Net cash used in financing activities     (4,265) (526)
Net change in cash and cash equivalents     1,972 1,396
Cash and cash equivalents at beginning of period     79,814 61,288
Cash and cash equivalents at end of period 81,786 62,684 81,786 62,684
Cash paid during the period for:        
Income taxes, net of refunds     205 260
Supplemental disclosures of noncash operating, investing and financing activities:        
Accrual of dividends payable $ 3,576 $ 3,505 $ 3,576 $ 3,505