| Treasury Stock [Text Block] |
Note 13 - Treasury Stock and Repurchase Program:
During October 2025, the Company's Board of Directors approved a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of $2,000,000. The new purchase program replaces the October 2022 program. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date. There is a remainder of $1,291,000 before the authorized limit is reached. On November 17, 2025, the Company bought 14,015 shares at $37.04 per share or $519,121 in a private, block offering. On July 17, 2026, the Board of Directors renewed the program, restoring the dollar value of shares that may yet be purchased to the original level of $2,000,000.
Treasury stock, at cost, consists of the following:
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($ in thousands except for cost per share)
|
|
Shares
|
|
|
Cost Assigned
|
|
|
Average Cost
per
Share
|
|
|
Aggregate
Purchase
Price
Remaining
under the
Program
|
|
|
Balance as of April 30, 2021
|
|
|
436,830 |
|
|
$ |
7,483 |
|
|
$ |
17.13 |
|
|
$ |
474 |
|
|
Purchases effected in open market (1)
|
|
|
53,327 |
|
|
$ |
2,484 |
|
|
$ |
46.58 |
|
|
$ |
- |
|
|
Balance as of April 30, 2022
|
|
|
490,157 |
|
|
$ |
9,967 |
|
|
$ |
20.33 |
|
|
$ |
1,241 |
|
|
Purchases effected in open market (2)
|
|
|
75,303 |
|
|
$ |
4,704 |
|
|
$ |
62.47 |
|
|
$ |
- |
|
|
Balance as of April 30, 2023
|
|
|
565,460 |
|
|
$ |
14,671 |
|
|
$ |
25.95 |
|
|
$ |
1,266 |
|
|
Purchases effected in open market (2)
|
|
|
12,057 |
|
|
$ |
523 |
|
|
$ |
43.38 |
|
|
$ |
- |
|
|
Balance as of April 30, 2024
|
|
|
577,517 |
|
|
$ |
15,194 |
|
|
$ |
26.31 |
|
|
$ |
1,211 |
|
|
Purchases effected in open market (2)
|
|
|
11,480 |
|
|
$ |
453 |
|
|
$ |
39.46 |
|
|
$ |
- |
|
|
Balance as of April 30, 2025
|
|
|
588,997 |
|
|
$ |
15,647 |
|
|
$ |
26.57 |
|
|
$ |
758 |
|
|
Purchases effected in open market (3)
|
|
|
24,810 |
|
|
$ |
928 |
|
|
$ |
37.40 |
|
|
$ |
- |
|
|
Balance as of April 30, 2026
|
|
|
613,807 |
|
|
$ |
16,575 |
|
|
$ |
27.00 |
|
|
$ |
1,291 |
|
|
(1) Were acquired during the $2 million repurchase program authorized in July 2021 and the $2 million repurchase program authorized in March 2022. .
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(2) Were acquired during the $3 million repurchase program authorized in May 2022 and the $3 million repurchase program authorized in October 2022.
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(3) Were acquired during the $3 million repurchase program authorized in October 2022 and the $2 million repurchase program authorized in October 2025.
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