Note 6 - Comprehensive Income

6 Months Ended

Oct. 31, 2023

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 October 31, 2023 and October 31, 2022 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 six months ended October 31, 2023 are as follows:

($ in thousands)	Amount Before Tax			Tax (Expense) / Benefit		Amount Net of Tax
Change in unrealized gains/(losses) on available-for-sale fixed income securities	$	(837	)	$	177	$	(660	)
	$	(837	)	$	177	$	(660	)

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

($ in thousands)	Amount Before Tax		Tax (Expense) / Benefit			Amount Net of Tax
Change in unrealized gains/(losses) on available-for-sale fixed income securities	$	3	$	(1	)	$	2
	$	3	$	(1	)	$	2