Business Segments (Tables)

12 Months Ended

Apr. 30, 2013

Schedule of reportable segment information

($ in thousands)	Publishing			Investment Management			Consolidated Total
Revenues from external customers	$	37,974		$	10,693		$	48,667
Intersegment revenues		7			-			7
Total revenues for reportable segments		37,981			10,693			48,674
Elimination of intersegment revenues		(7	)		-			(7	)
Total consolidated revenues	$	37,974		$	10,693		$	48,667


Depreciation and amortization	$	579		$	14		$	593
Depreciation related to corporate assets	$	(3	)		-		$	(3	)

Gain from deconsolidation of subsidiaries (1)	$	-		$	50,510		$	50,510
Income from securities transactions		-			6			6
Segment profit (loss) from operations (2)		8,984			(448	)		8,536
Profit for reportable segments	$	8,984		$	50,068		$	59,052

Revenues and profits interests in EAM Trust								2,355
Income from securities transactions related to corporate assets								59
Depreciation related to corporate assets								(3	)
Income before income taxes							$	61,463

(1) Represents the gain of $50,510,000 from deconsolidation of the asset management and Value Line Mutual Fund Distribution subsidiaries.

(2) Included in the Investment Management business segment in fiscal 2011 are expenses of $3,764,000 related to the Company’s restructure of its Investment Management business segment, $914,000 of expenses related to its exit lease obligation for the office space previously occupied by EAM LLC, and non-cash post-employment compensation expense of $1,770,000 related to the value of the voting profits interest in EAM granted by VLI to a former employee of the Company who is presently the CEO of EAM. Fiscal 2011 Investment Management segment expenses included the reversal of $1,767,000 of previously recorded expenses associated with the Provision for Settlement due to a change in estimated costs to administer the Fair Fund.

Schedule of additional reportable segment information

($ in thousands) 6155799223l30i71g61jig5436kljg43	Assets		Expenditures for Segment Assets
Publishing	$	11,827	$	1,897
Investment Management		-		10
Corporate assets		75,976		-
Consolidated total	$	87,803	$	1,907

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details