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Note 11 - Comprehensive Income
 12 Months Ended
Apr. 30, 2018
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
11
- Comprehensive Income:
 
The FASB's ASC Comprehensive Income topic requires the reporting of comprehensive income in addition to net income from operations. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that otherwise would
not
be recognized in the calculation of net income.
 
As of
April 30, 2018
and
April 30, 2017,
the Company held equity securities consisting primarily of ETFs with high relative dividend yields that are classified as securities available-for-sale on the Consolidated Balance Sheets. As of
April 30, 2018
and
April 30, 2017
the Company also held fixed income securities consisting of certificates of deposits and securities issued by federal, state, and local governments within the United States that are classified as securities available-for-sale on the Consolidated Balance Sheets. The change in valuation of these securities, net of deferred income taxes, has been recorded in accumulated other comprehensive income in the Company's Consolidated Balance Sheets.
 
The components of comprehensive income that are included in the Consolidated Statement of Changes in Shareholders' Equity for the
twelve
months ending
April 30, 2018
are as follows:
 
   
Fiscal Year Ended April 30, 2018
  
($ in thousands)
  
Amount Before
Tax
    
Tax (Expense) /
Benefit
    
Amount Net of
Tax
  
Change in unrealized gains on securities
   $
437
     $
8
     $
445
  
Less: Gains realized in net income
    
(152
 )    
32
      
(120
 )
    $
285
     $
40
     $
325
  
 
The components of comprehensive income that are included in the Consolidated Statement of Changes in Shareholders' Equity for the
twelve
months ending
April 30, 2017
are as follows:
 
   
Fiscal Year Ended April 30, 2017
  
($ in thousands)
  
Amount Before
Tax
    
Tax (Expense) /
Benefit
    
Amount Net of
Tax
  
Change in unrealized gains on securities
   $
554
     $
(196
 )   $
358
  
Less: Gains realized in net income
    
(39
 )    
14
      
(25
 )
    $
515
     $
(182
 )   $
333
  
 
The components of comprehensive income that are included in the Consolidated Statement of Changes in Shareholders' Equity for the
twelve
months ending
April 30, 2016
are as follows:
 
   
Fiscal Year Ended April 30, 2016
  
($ in thousands)
  
Amount Before
Tax
    
Tax (Expense) /
Benefit
    
Amount Net of
Tax
  
Change in unrealized gains on securities
   $
358
     $
(126
 )   $
232
  
Less: Gains realized in net income
    
(329
 )    
117
      
(212
 )
    $
29
     $
(9
 )   $
20