v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2024
Cash flows from operating activities:      
Net income $ 21,630,000 $ 20,686,000 $ 19,016,000
Depreciation and amortization      
Depreciation and amortization 1,295,000 1,271,000 1,409,000
Investment (gains)/losses (3,694,000) (559,000) (287,000)
Non-voting profits interest from EAM Trust (2,322,000) (2,135,000) (1,382,000)
Non-voting revenues interest from EAM Trust (16,648,000) (16,183,000) (11,900,000)
Distributions received from EAM Trust 17,305,000 15,570,000 10,900,000
Profits distributions received from EAM Trust 2,255,000 2,075,000 1,023,000
Deferred rent (1,305,000) (1,205,000) (1,344,000)
Deferred income taxes 1,154,000 283,000 92,000
Changes in operating assets and liabilities:      
Unearned revenue (1,251,000) 9,000 (692,000)
Accounts payable & accrued expenses 271,000 98,000 167,000
Accrued salaries 30,000 141,000 59,000
Accrued taxes on income 56,000 5,000 (462,000)
Prepaid and refundable income taxes (395,000) 167,000 216,000
Prepaid expenses and other current assets (88,000) 35,000 303,000
Accounts receivable 290,000 (15,000) 814,000
Total adjustments (3,047,000) (443,000) (1,084,000)
Net cash provided by operating activities 18,583,000 20,243,000 17,932,000
Cash flows from investing activities:      
Proceeds from sales of equity securities 2,425,000 3,243,000 1,129,000
Purchases of equity securities (2,425,000) (3,243,000) (1,129,000)
Purchases of equity securities 3,456,000 7,218,000 2,639,000
Proceeds from sales of Fixed Income securities 15,311,000 43,477,000 37,114,000
Purchases of Fixed Income securities 29,606,000 18,065,000 45,575,000
Acquisition of property and equipment 0 (178,000) (15,000)
Expenditures for capitalized software 0 (59,000) (62,000)
Net cash provided by investing activities (15,326,000) 21,200,000 (10,048,000)
Cash flows from financing activities:      
Purchase of treasury stock at cost (928,000) (453,000) (523,000)
Dividends paid (12,226,000) (11,303,000) (10,561,000)
Net cash used in financing activities (13,154,000) (11,756,000) (11,084,000)
Net change in cash and cash equivalents (9,897,000) 29,687,000 (3,200,000)
Cash, cash equivalents and restricted cash at beginning of period 34,382,000 4,695,000 7,895,000
Cash, cash equivalents and restricted cash at end of period $ 24,485,000 $ 34,382,000 $ 4,695,000