Note 6 - Comprehensive Income

9 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

Note 6 - 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 January 31, 2022 and January 31, 2021 the Company 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 Condensed Balance Sheets. The change in valuation of fixed income securities, net of deferred income taxes, has been recorded in Accumulated Other Comprehensive Income in the Company's Consolidated Condensed Balance Sheets.

The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the nine months ended January 31, 2022 are as follows:

($ in thousands)	Amount Before Tax			Tax (Expense) / Benefit		Amount Net of Tax
Change in unrealized losses on available-for-sale fixed income securities	$	(5	)	$	1	$	(4	)
	$	(5	)	$	1	$	(4	)

The components of comprehensive income included in the Consolidated Condensed Statements of Income and Changes in Shareholders' Equity for the nine months ended January 31, 2021 are as follows:

($ in thousands)	Amount Before Tax			Tax (Expense) / Benefit		Amount Net of Tax
Change in unrealized gains on available-for-sale fixed income securities	$	(142	)	$	37	$	(105	)
	$	(142	)	$	37	$	(105	)