Note 7 - Federal, State and Local Income Taxes (Tables)

12 Months Ended

Apr. 30, 2026

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		Fiscal Years Ended April 30,
($ in thousands)		2026				2025				2024
Current tax expense:
Federal		$	5,097			$	5,225			$	4,847
State and local			1,548				1,347				1,232
Current tax expense			6,645				6,572				6,079
Deferred tax expense (benefit):
Federal			566				274				86
State and local			588				9				6
Deferred tax expense:			1,154				283				92
Income tax provision		$	7,799			$	6,855			$	6,171

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		Fiscal Years Ended April 30,
($ in thousands)		2026				2025
Federal tax liability (benefit):
Deferred gain on deconsolidation of EAM		$	10,669			$	10,669
Deferred non-cash post-employment compensation			(372	)			(372	)
Depreciation and amortization			50				78
Unrealized gain on securities held for sale			1,777				1,127
Right of Use Asset			(75	)			(114	)
Deferred charges			(117	)			(129	)
Other			(596	)			(487	)
Total federal tax liability			11,336				10,772

State and local tax liabilities (benefits):
Deferred gain on deconsolidation of EAM			2,901				2,287
Deferred non-cash post-employment compensation			(101	)			(80	)
Depreciation and amortization			14				16
Unrealized gain on securities held for sale			483				242
Other			(533	)			(42	)
Total state and local tax liabilities			2,764				2,423
Deferred tax liability, long-term		$	14,100			$	13,195

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Fiscal Year Ended April 30,
		2026								2025								2024
($ in thousands, except percentages)		Amount				Percent				Amount				Percent				Amount				Percent
U.S. statutory federal tax		$	6,180				21.00	%		$	5,783				21.00	%		$	5,289				21.00	%
Increase (decrease) in tax from:
State and local income taxes, net of federal income tax benefit (1)			1,688				5.73	%			1,127				4.09	%			937				3.72	%
Effect of dividends received deductions			(72	)			(0.24	%)			(57	)			(0.21	%)			(57	)			(0.23	%)
Other, net			3				0.01	%			2				0.01	%			2				0.01	%
Effective income tax		$	7,799				26.50	%		$	6,855				24.89	%		$	6,171				24.50	%