Note 11 - Treasury Stock and Repurchase Program

9 Months Ended

Jan. 31, 2024

Notes to Financial Statements

Treasury Stock [Text Block]

Note 11 - Treasury Stock and Repurchase Program:

During October 2022, the Company's Board of Directors approved a renewal of a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of $3,000,000. 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 price limit and no expiration date. There is a remainder of $1,396,000 before the authorized limit is reached.

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 October 31, 2023		573,017	$	15,009	$	26.19	$	1,396
Purchases effected in open market during the months ended:
November 30, 2023		-		-		-		1,396
December 31, 2023		-		-		-		1,396
January 31, 2024		-		-		-		1,396
Balance as of January 31, 2024		573,017	$	15,009	$	26.19	$	1,396