XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Cash Flows from Operating Activities:    
Net income $ 968,000 $ 754,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 89,000 69,000
Depreciation 258,000 272,000
Amortization 154,000 166,000
Provision for doubtful accounts 23,000 27,000
Loss on disposal of equipment   6,000
Deferred income taxes 93,000 (108,000)
Changes in operating assets and liabilities:    
Accounts receivable (798,000) 128,000
Inventories 167,000 (387,000)
Income tax payable/receivable 120,000 (21,000)
Accounts payable 310,000 9,000
Accrued expenses (225,000) (176,000)
Other (90,000) (21,000)
Net cash provided by operating activities 1,069,000 718,000
Cash Flows from Investing Activities:    
Purchases of property and equipment (214,000) (260,000)
Net cash (used in) investing activities (214,000) (260,000)
Cash Flows from Financing Activities:    
Principal payments on note payable to bank (750,000) (750,000)
Purchases of common stock for repurchase program (140,000)  
Proceeds from the exercise of stock options 59,000  
Principal payments on long-term debt (136,000) (113,000)
Net cash (used in) financing activities (967,000) (863,000)
Net (decrease) in cash and cash equivalents (112,000) (405,000)
Cash and cash equivalents at beginning of period 136,000 460,000
Cash and cash equivalents at end of period 24,000 55,000
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for interest 53,000 138,000
Cash paid during the period for income taxes $ 382,000 $ 577,000