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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 15 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Cash flows from operating activities:              
Net income $ 5,614,000 $ 7,035,000 $ 20,015,000 $ 17,228,000 $ 20,015,000 $ 17,228,000 $ 5,614,000
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization     1,003,000 963,000      
Investment (gains)/losses     (122,000) (2,550,000)      
Non-voting revenues interest in EAM Trust (4,120,000) (4,104,000) (12,532,000) (11,113,000) (12,532,000) (11,113,000)  
Non-voting profits interest in EAM Trust (535,000) (630,000) (1,820,000) (1,479,000) (1,820,000) (1,479,000)  
Distributions received from EAM Trust     14,447,000 10,838,000      
Gain on forgiveness of PPP loan (see note 16) 0 0 (2,331,000) 0 (2,331,000) 0  
Deferred income taxes (221,000) 134,000 (446,000) 160,000 (446,000) 160,000  
Deferred rent obligation     (792,000) (713,000)      
Changes in operating assets and liabilities:              
Unearned revenue     (1,940,000) (1,287,000)      
Accounts payable & accrued expenses     (778,000) (164,000)      
Accrued salaries     (55,000) (201,000)      
Accrued taxes on income     2,387,000 (1,352,000)      
Prepaid and refundable income taxes     153,000 0      
Prepaid expenses and other current assets     255,000 110,000      
Accounts receivable     2,183,000 (85,000)      
Total adjustments     (388,000) (6,873,000)      
Net cash provided by operating activities     19,627,000 10,355,000      
Cash flows from investing activities:              
Purchases of equity securities     (4,814,000) (8,524,000)      
Purchases of fixed income securities classified as available for sale     (498,000) (2,497,000)      
Proceeds from sales of equity securities     1,202,000 7,684,000 1,202,000 7,684,000  
Proceeds from sales of fixed income securities classified as available for sale     2,496,000 11,431,000      
Acquisition of property and equipment     0 (26,000)      
Expenditures for capitalized software     0 (114,000)      
Net cash provided by/(used in) investing activities     (1,614,000) 7,954,000      
Cash flows from financing activities:              
Purchase of treasury stock at cost     (1,322,000) (1,045,000)      
Receivable from clearing broker     0 608,000      
Payable to clearing broker     190,000 (588,000)      
Dividends paid     (6,307,000) (6,056,000)      
Net cash used in financing activities     (7,439,000) (7,081,000)      
Net change in cash and cash equivalents     10,574,000 11,228,000      
Cash, cash equivalents and restricted cash at beginning of period     19,640,000 5,423,000      
Cash, cash equivalents and restricted cash at end of period $ 30,214,000 $ 16,651,000 $ 30,214,000 $ 16,651,000 $ 30,214,000 $ 16,651,000 $ 30,214,000