Note 11 - Treasury Stock and Repurchase Program

6 Months Ended

Oct. 31, 2019

Notes to Financial Statements

Treasury Stock [Text Block]

Note

11

- Treasury Stock and Repurchase Program:

On

October 19, 2018,

the Company's Board of Directors approved a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of

$2,000,000.

  The repurchases

may

be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program

may

be suspended or discontinued at any time at the Company’s discretion and has

no

set expiration date.

Treasury stock, at cost, consists of the following:

(in thousands except for shares and cost per share)	Shares		Total Average Cost Assigned		Average Cost per Share		Aggregate Purchase Price Remaining Under the Program
Balance as of April 30, 2019 (1), (2), (3)		336,439	$	4,743	$	14.10	$	1,438
Purchases effected in open market during the quarters ended:
July 31, 2019		3,857		92		23.88		1,346
October 31, 2019		12,636		301		23.78		1,045
Balance as of October 31, 2019		352,932	$	5,136	$	14.55	$	1,045

(

1

) Includes

85,219

shares that were acquired during the former repurchase program which was authorized in

January 2011

and expired in

January 2012; 

18,400

shares were acquired prior to

January 2011.  

(

2

) Includes

207,047

shares that were acquired during the

$3

million repurchase program which was authorized in

September 2012

and expired in

October 2018.

(

3

) Includes

42,266

shares that were acquired during the

$2

million repurchase program which was authorized in 

October 2018.