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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:        
Net earnings     $ 5,037 $ 6,197
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization $ 1,247 $ 1,882 4,441 6,310
Stock-based compensation expense 700 600 1,901 1,510
Net gain on investments     (1,945) (1,036)
Deferred income taxes     (325) (192)
Changes in operating assets and liabilities:        
Purchases of trading securities     (779) (21,934)
Proceeds from maturities and sales of trading securities     3,534 22,687
Accounts receivable, net     5,248 (3,344)
Prepaid expenses and other assets     922 (1,279)
Accounts payable and other liabilities     (1,897) 3,058
Deferred revenue     (2,204) 1,135
Net cash provided by operating activities     13,933 13,112
Cash flows from investing activities:        
Capitalized computer software development costs     (604) (2,697)
Purchases of property and equipment, net of disposals (298) (101) (461) (339)
Net cash used in investing activities     (1,065) (3,036)
Cash flows from financing activities:        
Proceeds from exercise of stock options     4,735 7,837
Dividends paid     (10,696) (10,392)
Net cash used in financing activities     (5,961) (2,555)
Net change in cash and cash equivalents     6,907 7,521
Cash and cash equivalents at beginning of period     79,814 61,288
Cash and cash equivalents at end of period 86,721 68,809 86,721 68,809
Cash paid during the period for:        
Income taxes, net of refunds     485 504
Supplemental disclosures of noncash operating, investing and financing activities:        
Accrual of dividends payable $ 3,597 $ 3,523 $ 3,597 $ 3,523