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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Cash flows from operating activities:      
Net income $ 20,686,000 $ 19,016,000 $ 18,069,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,271,000 1,409,000 1,349,000
Investment (gains)/losses (559,000) (287,000) 125,000
Non-voting profits interest in EAM Trust (2,135,000) (1,382,000) (734,000)
Non-voting revenues interest in EAM Trust (16,183,000) (11,900,000) (10,397,000)
Revenues distribution received from EAM Trust 15,570,000 10,900,000 11,284,000
Profits distributions received from EAM Trust 2,075,000 1,023,000 1,043,000
Deferred rent (1,205,000) (1,344,000) (1,240,000)
Deferred income taxes 283,000 92,000 20,000
Deferred income taxes 283,000 92,000 20,000
Changes in operating assets and liabilities:      
Unearned revenue 9,000 (692,000) (800,000)
Accounts payable & accrued expenses 98,000 167,000 (51,000)
Accrued salaries 141,000 59,000 (176,000)
Accrued taxes on income 5,000 (462,000) 185,000
Prepaid and refundable income taxes 167,000 216,000 163,000
Prepaid expenses and other current assets 35,000 303,000 (215,000)
Accounts receivable (15,000) 814,000 (447,000)
Total adjustments (443,000) (1,084,000) 109,000
Net cash provided by operating activities 20,243,000 17,932,000 18,178,000
Cash flows from investing activities:      
Proceeds from sales of equity securities 3,243,000 1,129,000 4,706,000
Purchases of equity securities (7,218,000) (2,639,000) (1,732,000)
Proceeds from sales of Fixed Income securities 43,477,000 37,114,000 9,907,000
Purchases of Fixed Income securities (18,065,000) (45,575,000) (38,857,000)
Acquisition of property and equipment (178,000) (15,000) (30,000)
Expenditures for capitalized software (59,000) (62,000) (110,000)
Net cash provided by/(used in) investing activities 21,200,000 (10,048,000) (26,116,000)
us-gaap_PaymentsForRepurchaseOfCommonStock 453,000 523,000 4,704,000
Dividends paid (11,303,000) (10,561,000) (9,471,000)
Net cash used in financing activities (11,756,000) (11,084,000) (14,175,000)
Net change in cash and cash equivalents 29,687,000 (3,200,000) (22,113,000)
Cash, cash equivalents and restricted cash at beginning of year 4,695,000 7,895,000 30,008,000
Cash, cash equivalents and restricted cash at end of year $ 34,382,000 $ 4,695,000 $ 7,895,000