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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2011
Cash flows from operating activities:      
Net income $ 6,619 $ 6,925 $ 37,782
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,552 724 593
Amortization of bond premium     13
Gain on deconsolidation of subsidiaries     (50,510) [1]
Post-employment non-cash compensation     1,770
Non-voting revenues interest in EAM Trust (5,781) (5,684) (2,187)
Non-voting profits interest in EAM Trust (479) (206) (168)
Realized and unrealized losses on securities available-for-sale    [2] 11 [2] 63 [2]
Deferred income taxes 1,078 4,288 23,738
Expenses for operating lease exit obligation     914
Changes in operating assets and liabilities:      
Unearned revenue (1,286) (1,006) (176)
Reserve for settlement (32) (1,189) (2,783)
Operating lease exit obligation (439) (439)  
Accounts payable & accrued expenses (17) (1,154) (1,524)
Accrued salaries 92 195 (318)
Accrued taxes on income 33 (60) 91
Prepaid and refundable income taxes 779 (720) 1,970
Prepaid expenses and other current assets (575) (43) (35)
Accounts receivable (376) 697 82
Receivable from affiliates   37 1,345
Total adjustments (5,451) (4,549) (27,122)
Net cash provided by operating activities 1,168 2,376 10,660
Purchases/sales of securities classified as available-for-sale:      
Maturities and sales of fixed income securities   11,196 38,021
Proceeds from sales of equity securities   89  
Purchases of fixed income securities     (27,310)
Purchases of equity securities (2,545) (2,468) (1,360)
Cash contribution to deconsolidated subsidiary capital     (5,484)
Distributions received from EAM Trust 5,080 5,876 1,793
Acquisition of property and equipment (331) (48) (106)
Expenditures for capitalized software (2,457) (3,383) (1,801)
Net cash (used) provided by investing activities (253) 11,262 3,753
Cash flows from financing activities:      
Purchase of treasury stock at cost (182) (946) (90)
Dividends paid (5,935) (7,452) (23,956)
Net cash used by financing activities (6,117) (8,398) (24,046)
Net change in cash and cash equivalents (5,202) 5,240 (9,633)
Cash and cash equivalents at beginning of year 12,042 6,802 16,435
Cash and cash equivalents at end of year $ 6,840 $ 12,042 $ 6,802
[1] Represents the gain of $50,510,000 from deconsolidation of the asset management and Value Line Mutual Fund Distribution subsidiaries.
[2] These amounts were reclassified from Accumulated Other Comprehensive Income in the Consolidated Balance Sheets to the Consolidated Statements of Income.