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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2012
Cash flows from operating activities:      
Net income $ 6,768 $ 6,619 $ 6,925
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,085 1,552 724
Non-voting revenues interest in EAM Trust (6,767) (5,781) (5,684)
Non-voting profits interest in EAM Trust (732) (479) (206)
Realized and unrealized losses on securities available-for-sale       11
Deferred rent 567      
Deferred income taxes 464 1,078 4,288
Changes in operating assets and liabilities:      
Unearned revenue 415 (1,286) (1,006)
Reserve for settlement 7 (32) (1,189)
Operating lease exit obligation (36) (439) (439)
Accounts payable & accrued expenses (202) (17) (1,154)
Accrued salaries 149 92 195
Accrued taxes on income 733 33 (60)
Prepaid and refundable income taxes (175) 779 (720)
Prepaid expenses and other current assets 139 (575) (43)
Accounts receivable 72 (376) 697
Receivable from affiliates       37
Total adjustments (3,281) (5,451) (4,549)
Net cash provided by operating activities 3,487 1,168 2,376
Purchases/sales of securities classified as available-for-sale:      
Maturities and sales of fixed income securities     11,196
Proceeds from sales of equity securities     89
Purchases of equity securities (2,553) (2,545) (2,468)
Distributions received from EAM Trust 7,160 5,080 5,876
Acquisition of property and equipment (206) (331) (48)
Expenditures for capitalized software (2,481) (2,457) (3,383)
Net cash provided by (used for) investing activities 1,920 (253) 11,262
Cash flows from financing activities:      
Purchase of treasury stock at cost (550) (182) (946)
Dividends paid (5,909) (5,935) (7,452)
Net cash used for financing activities (6,459) (6,117) (8,398)
Net change in cash and cash equivalents (1,052) (5,202) 5,240
Cash and cash equivalents at beginning of year 6,840 12,042 6,802
Cash and cash equivalents at end of year $ 5,788 $ 6,840 $ 12,042