Investments (Tables)

12 Months Ended

Apr. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Schedule of carrying value and fair value of securities available-for-sale

			Gross		Gross
			Unrealized		Unrealized
($ in thousands)	Cost		Gains		Losses			Fair Value
Common stocks	$	101	$	47	$	(12	)		$	136
ETFs - equities		3,878		1,280		(2	)			5,156
Inverse ETFs - equities		4,868		-		(934	)			3,934
	$	8,847	$	1,327	$	(948	)		$	9,226
The carrying value and fair value of securities available-for-sale at April 30, 2013 were as follows:
			Gross		Gross
			Unrealized		Unrealized
($ in thousands)	Cost		Gains		Losses			Fair Value
Common stocks	$	103	$	27	$	(16	)		$	114
ETFs - equities		3,878		740		-				4,618
Inverse ETFs - equities		2,314		-		(364	)			1,950
	$	6,295	$	767	$	(380	)		$	6,682

Schedule of income from securities transactions

	Fiscal Years Ended April 30,
($ in thousands)	2014			2013			2012
Dividend income	$	147		$	124		$	68
Interest income		5			4			16
Realized gains (losses) on sales of securities available-for-sale reclassified from Accumulated Other Comprehensive Income		-			-			(11	)
Interest expense		(5	)		-			-
Other (1)		31			(2	)		(3	)
Total income from securities transactions, net	$	178		$	126		$	70

(1) Other amounts include $36,000 which was reclassified from Accumulated Other Comprehensive Income in the Consolidated Balance Sheets to the Consolidated Statements of Income in fiscal 2014.

Schedule of components of EAM's investment management operations

	Fiscal Years Ended April 30,
($ in thousands)	2014		2013		2012
Investment management fees earned from the Value Line Funds, net of waivers shown below	$	14,452	$	12,773	$	12,465
12b-1 fees and other fees, net of waivers shown below	$	5,061	$	3,905	$	3,466
Other income	$	16	$	14	$	12
Investment management fee waivers and reimbursements (1)	$	89	$	379	$	806
12b-1 fee waivers (1)	$	1,683	$	2,156	$	2,257
Value Line’s non-voting revenues interest	$	6,767	$	5,781	$	5,684
EAM’s net income (2)	$	1,464	$	945	$	461

(1) During fiscal 2014 investment management fee waivers and reimbursements primarily related to the Value Line Core Bond Fund and the 12b-1 fee waivers related to seven of the Value Line Mutual Funds. During fiscal 2013 investment management fee waivers and reimbursements related to the Value Line Core Bond Fund and the U.S. Government Money Market Fund (“USGMMF”) which was merged into a third party fund, the Daily Income Fund, managed by Reich & Tang, effective October 19, 2012. In fiscal 2013 the 12b-1 fee waivers related to nine of the Value Line Mutual Funds. In fiscal 2012, investment management fee waivers and reimbursements primarily related to the USGMMF and the 12b-1 fee waivers related to eleven of the Value Line Mutual Funds.

(2) Represents EAM’s net income, after giving effect to Value Line’s non-voting revenues interest, but before distributions to voting profits interest holders and to the Company in respect of its 50% non-voting profits interest.

Schedule of assets and liabilities

	Fiscal Years Ended April 30,
($ in thousands)	2014			2013
EAM’s total assets	$	59,965		$	59,349
EAM’s total liabilities (1)		(3,158	)		(2,814	)
EAM’s total equity	$	56,807		$	56,535

(1) At April 30, 2014 and 2013, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,887,000 and $1,621,000, respectively.