Note 16 - Business Segments

9 Months Ended

Jan. 31, 2025

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, predominantly including the Research Department, Information Technology Department, and Occupancy Overhead, are shared in common by all products. Therefore, the investment periodicals and related publications (such as digital equivalents), along with supplying the embedded Proprietary information and intellectual property rights to customers, are treated as one segment, Publishing.

The Company’s chief operating decision maker (“CODM”) is the chief executive officer. The financial measures used by the CODM to assess segment performance and allocate resources on a company-wide basis are revenues, operating expenses, income from operations, and net income.

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.