Note 11 - Treasury Stock and Repurchase Program

9 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Treasury Stock [Text Block]

Note 11 - Treasury Stock and Repurchase Program:

On July 16, 2021, 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. On March 14, 2022, the Board reviewed the program and approved a refreshed authorization again in the maximum amount 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		Cost Assigned		Average Cost per Share		Aggregate Purchase Price Remaining Under the Program
Balance as of April 30, 2021		436,830	$	7,483	$	17.13	$	474
Purchases effected in open market during the quarters ended:
July 31, 2021		5,409		163		30.13		2,000
October 31, 2021		11,180		354		31.67		1,646
January 31, 2022		17,418		805		46.21		841
Balance as of January 31, 2022		470,837	$	8,805	$	18.70	$	841
Authorized as of March 14, 2022							$	2,000