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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Cash flows from operating activities:    
Net income $ 8,347,000 $ 8,788,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 691,000 672,000
Investment (gains)/losses 1,478,000 429,000
Non-voting revenues interest in EAM Trust (5,337,000) (5,405,000)
Non-voting profits interest in EAM Trust (515,000) (426,000)
Distributions received from EAM Trust 5,508,000 6,862,000
Deferred income taxes (370,000) (59,000)
Deferred rent (656,000) (605,000)
Other (3,000) 0
Changes in operating assets and liabilities:    
Unearned revenue (1,016,000) (883,000)
Accounts payable & accrued expenses (231,000) 43,000
Accrued salaries 1,000 77,000
Accrued taxes on income (352,000) (2,000)
Prepaid and refundable income taxes 240,000 (911,000)
Prepaid expenses and other current assets 318,000 (9,000)
Accounts receivable (2,340,000) 28,000
Total adjustments (2,584,000) (189,000)
Net cash provided by operating activities 5,763,000 8,599,000
Cash flows from investing activities:    
Proceeds from sales of equity securities 999,000 1,016,000
Purchases of equity securities (993,000) (919,000)
Purchases of fixed income securities classified as available-for-sale (23,079,000) (17,479,000)
Proceeds from sales of fixed income securities classified as available-for-sale 19,265,000 0
Acquisition of property and equipment 0 (23,000)
Net cash used in investing activities (3,808,000) (17,405,000)
Cash flows from financing activities:    
Purchase of treasury stock at cost (338,000) (3,482,000)
Dividends paid (5,283,000) (4,747,000)
Net cash used in financing activities (5,621,000) (8,229,000)
Net change in cash and cash equivalents (3,666,000) (17,035,000)
Cash, cash equivalents and restricted cash at beginning of period 7,895,000 30,008,000
Cash, cash equivalents and restricted cash at end of period $ 4,229,000 $ 12,973,000