Note 8 - Federal, State and Local Income Taxes (Tables)

3 Months Ended

Jul. 31, 2026

Notes Tables

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

		Three Months Ended July 31,
($ in thousands)		2026				2025
Current tax expense:
Federal		$	1,108			$	1,389
State and local			330				392
Current tax expense			1,438				1,781
Deferred tax expense (benefit):
Federal			92				385
State and local			192				10
Deferred tax expense (benefit):			284				395
Income tax provision		$	1,722			$	2,176

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

		July 31,				April 30,
($ in thousands)		2026				2026
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			46				50
Unrealized gain/(loss) on securities held for sale			1,914				1,777
Right of Use Asset			(64	)			(75	)
Deferred charges			(126	)			(117	)
Other			(712	)			(596	)
Total federal tax liability			11,355				11,336

State and local tax liabilities (benefits):
Deferred gain on deconsolidation of EAM			2,957				2,901
Deferred non-cash post-employment compensation			(103	)			(101	)
Depreciation and amortization			(5	)			14
Unrealized gain/(loss) on securities held for sale			531				483
Other			(424	)			(533	)
Total state and local tax liabilities			2,956				2,764
Deferred tax liability, long-term		$	14,311			$	14,100

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

		Three Months Ended July 31,
		2026								2025
($ in thousands, except percentages)		Amount				Percent				Amount				Percent
U.S. statutory federal tax		$	1,339				21.00	%		$	1,813				21.00	%
Increase (decrease) in tax from:
State and local income taxes, net of federal income tax benefit (1)			408				6.40	%			380				4.39	%
Effect of dividends received deductions			(25	)			(0.40	%)			(17	)			(0.19	)%
Effective income tax		$	1,722				27.00	%		$	2,176				25.20	%