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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Cash flows from operating activities:    
Net income $ 14,232,000 $ 14,036,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,054,000 1,006,000
Investment (gains)/losses 133,000 (438,000)
Non-voting revenues interest in EAM Trust (8,420,000) (7,917,000)
Non-voting profits interest in EAM Trust (921,000) (599,000)
Distributions received from EAM Trust 8,476,000 9,660,000
Deferred income taxes (189,000) 57,000
Deferred rent (997,000) (920,000)
Changes in operating assets and liabilities:    
Unearned revenue (476,000) (1,010,000)
Accounts payable & accrued expenses (169,000) (195,000)
Accrued salaries (41,000) (20,000)
Accrued taxes on income (126,000) 80,000
Prepaid and refundable income taxes 419,000 278,000
Prepaid expenses and other current assets 373,000 62,000
Accounts receivable 822,000 (102,000)
Total adjustments (63,000) (58,000)
Net cash provided by operating activities 14,169,000 13,978,000
Cash flows from investing activities:    
Purchases of equity securities (2,073,000) (1,322,000)
Purchases of fixed income securities classified as available-for-sale (38,855,000) (30,205,000)
Proceeds from sales of equity securities 1,129,000 1,421,000
Proceeds from sales of fixed income securities classified as available-for-sale 32,113,000 9,907,000
Acquisition of property and equipment (14,000) (23,000)
Expenditures for capitalized software (19,000) 0
Net cash used in investing activities (7,719,000) (20,222,000)
Cash flows from financing activities:    
Purchase of treasury stock at cost (338,000) (4,487,000)
Dividends paid (7,922,000) (7,111,000)
Net cash used in financing activities (8,260,000) (11,598,000)
Net change in cash and cash equivalents (1,810,000) (17,842,000)
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 $ 6,085,000 $ 12,166,000