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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2021
Oct. 31, 2020
Cash flows from operating activities:        
Net earnings     $ 6,261 $ 2,726
Adjustments to reconcile net earnings to net cash provided by operating activities:        
Depreciation and amortization $ 1,039 $ 1,514 2,170 3,194
Stock-based compensation expense 1,000 700 1,817 1,198
Net gain on investments     (1,193) (803)
Deferred income taxes     (99) (344)
Changes in operating assets and liabilities:        
Purchases of trading securities     (174) (285)
Proceeds from maturities and sales of trading securities     210 3,119
Accounts receivable, net     4,502 4,009
Prepaid expenses and other assets     (2,013) 322
Accounts payable and other liabilities     (2,595) (3,344)
Deferred revenue     (1,174) (3,021)
Net cash provided by operating activities     7,712 6,771
Cash flows from investing activities:        
Capitalized computer software development costs     0 (371)
Purchases of property and equipment, net of disposals (313) (45) (615) (163)
Net cash used in investing activities     (615) (534)
Cash flows from financing activities:        
Proceeds from exercise of stock options     5,714 2,853
Dividends paid     (7,268) (7,118)
Net cash used in financing activities     (1,554) (4,265)
Net change in cash and cash equivalents     5,543 1,972
Cash and cash equivalents at beginning of period     88,658 79,814
Cash and cash equivalents at end of period 94,201 81,786 94,201 81,786
Supplemental disclosures of noncash operating, investing and financing activities:        
Income taxes, net of refunds     176 205
Accrual of dividends payable $ 3,676 $ 3,576 $ 3,676 $ 3,576