Note 16 - Business Segments

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 16 - Business Segments:

The Company allocates resources and assesses financial performance on a consolidated basis. It does so because significant costs are shared in common by all products, and as a result, it does not have discrete financial information available for separate business components to assess performance and make resource allocation decisions for more than one segment. Therefore, the investment periodicals and related publications (such as digital equivalents), along with supplying the embedded Proprietary information and intellectual property rights, are treated as one segment, Publishing.

All required segment financial information can be found directly in the consolidated financial statements. The accounting policies for our reportable segment are the same as those described in Note 1. 

Value Line’s customers are almost entirely located within the United States. It receives approximately 2% of its revenues from external customers located outside of the United States.

As described in Note 1 - Organization and Summary of Significant Accounting Policies, the Company deconsolidated its investment management business in December 2010 and therefore no longer reports the investment management operation as a separate business unit. Although VLI continues to receive significant cash flows from these operations through its non-controlling investment in EAM, it no longer considers this to be a reportable business segment because it does not satisfy one of the required characteristics of an operating segment pursuant to ASC 280-10-50-1. Specifically, VLI’s Chief Executive Officer does not regularly review EAM’s operating results to make decisions about resources to be allocated to EAM.