Supplementary Cash Flow Information:

9 Months Ended

Jan. 31, 2012

Supplemental Cash Flow Elements [Abstract]

Supplementary Cash Flow Information:

Note 4-Supplementary Cash Flow Information:

	For the nine months Ended January 31,
($ in thousands)	2012			2011
State and local income tax payments	$	(84	)	$	(14	)
Federal income tax payments to the Parent	$	(245	)	$	(248	)
Federal income tax refunds from the Parent	$	-		$	1,598

On December 23, 2010, the Company completed the Restructuring Transaction which included the receipt of a non-voting revenues interest and a non-voting profits interest in EAM in exchange for VLI’s voting shares in EAM LLC and ESI. This investment, classified as Investment in EAM on the Consolidated Condensed Balance Sheets, was valued at $55,805,000 as of December 23, 2010, which included $5,484,000 of cash and $1,516,000 of FDIC insured corporate notes, contributed by VLI to EAM as part of the Restructuring Transaction. The Company satisfied its non-cash postemployment compensation obligation, valued at $1,770,000, by granting a voting profits interest to a former employee in connection with the Restructuring Transaction.

See Note 7-Related Party Transactions for amounts associated with Arnold Bernhard and Co., Inc. (“AB&Co.” or the “Parent”).