Investments (Tables)

3 Months Ended

Jul. 31, 2012

Investments, Debt and Equity Securities [Abstract]

Schedule of carrying value and fair value of securities available-for-sale

The carrying value and fair value of securities available-for-sale at July 31, 2012 were as follows:

($ in thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Common stocks	$	103	$	18	$	(10	)	$	111
ETFs - equities		2,561		237		-			2,798
Inverse ETFs - equities		1,389		-		(72	)		1,317
	$	4,053	$	255	$	(82	)	$	4,226

The carrying value and fair value of securities available-for-sale at April 30, 2012 were as follows:

($ in thousands)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Common stocks	$	103	$	14	$	(5	)	$	112
ETFs - equities		2,257		201		(5	)		2,453
Inverse ETFs - equities		1,389		-		(73	)		1,316
	$	3,749	$	215	$	(83	)	$	3,881

Schedule of income from securities transactions

	Three Months Ended July 31,
($ in thousands)	2012		2011
Dividend income	$	26	$	12
Interest income		-		8
Realized losses on securities available-for-sale (1)		-		(5	)
Other		-		(4	)
Total income from securities transactions, net	$	26	$	11

(1) This amount was reclassified from Accumulated Other Comprehensive Income in the Consolidated Condensed Balance Sheets to the Consolidated Condensed Statements of Income.