Note 5 - Employees' Profit Sharing and Savings Plan

9 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Compensation Related Costs, General [Text Block]

Note

5

- Employees' Profit Sharing and Savings Plan:

Substantially all employees of the Company and its subsidiaries are members of the Value Line, Inc. Profit Sharing and Savings Plan (the "Plan").  In general, this is a qualified, contributory plan which provides for a discretionary annual Company contribution which is determined by a formula based on the salaries of eligible employees and the amount of consolidated net operating income as defined in the Plan. For the

nine

months ended

January 31, 2019

and

January 31, 2018,

the estimated profit sharing plan contributions, which are included as expenses in salaries and employee benefits in the Consolidated Condensed Statements of Income, were

$398,000

and

$345,000,

respectively.