Note 11 - Treasury Stock and Repurchase Program

9 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Treasury Stock [Text Block]

Note

11

- Treasury Stock and Repurchase Program:

On

April 17, 2020,

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 Cost Assigned		Average Cost per Share		Aggregate Purchase Price Remaining Under the Program
Balance as of April 30, 2020		383,279	$	5,957	$	15.54	$	2,000
Purchases effected in open market during the quarters ended:
July 31, 2020		-		-		-		2,000
October 31, 2020		15,670		422		26.96		1,578
January 31, 2021		21,411		623		29.10		955
Balance as of January 31, 2021		420,360	$	7,002	$	16.66	$	955