Note 8 - Net Income Per Share

12 Months Ended

Apr. 30, 2012

Earnings Per Share [Text Block]

8.             NET INCOME PER SHARE

The following table presents the components of the calculation of basic and diluted income (loss) per share (in thousands):

	Years Ended April 30,
	2012		2011
Numerator:
Net income	$	1,219	$	872
Denominator:
Weighted average common shares outstanding – basic		3,796		3,789
Effect of dilutive options outstanding		48		111
Weighted average common shares outstanding – diluted		3,844		3,900

Options to purchase 75,750 and 46,750 shares of common stock as of the years ended April 30, 2012 and 2011, respectively, were anti-dilutive and therefore were not included in the computation of diluted earnings per share.