Consolidated Condensed Statements of Income (unaudited) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Revenues:
Investment periodicals and related publications	$ 7,977	$ 8,203	$ 24,200	$ 25,023
Copyright data fees	622	660	1,868	2,171
Total revenues	8,599	8,863	26,068	27,194
Expenses:
Advertising and promotion	1,036	963	2,768	3,316
Salaries and employee benefits	3,882	3,992	11,586	11,946
Production and distribution	2,003	1,859	6,033	5,258
Office and administration	1,121	1,198	3,339	3,715
Total expenses	8,042	8,012	23,726	24,235
Income from operations	557	851	2,342	2,959
Revenues and profits interests in EAM Trust	1,919	2,024	5,901	5,995
Income from securities transactions, net	133	96	215	203
Income before income taxes	2,609	2,971	8,458	9,157
Income tax provision	696	794	2,434	2,962
Net income	$ 1,913	$ 2,177	$ 6,024	$ 6,195
Earnings per share, basic & fully diluted (in dollars per share)	$ 0.2	$ 0.22	$ 0.62	$ 0.63
Weighted average number of common shares (in shares)	9,770,280	9,813,371	9,787,208	9,813,973

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

No definition available.