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Comprehensive Income:
 6 Months Ended
Oct. 31, 2011
Comprehensive Income (Loss) Note [Abstract]  
Comprehensive Income:
Note 6-Comprehensive Income:
 
The FASB’s ASC Comprehensive Income topic requires the reporting of comprehensive income in addition to net income from operations. Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of certain financial information that otherwise would not be recognized in the calculation of net income.
 
As of October 31, 2011 and 2010, the Company held both equity and U.S. Government debt securities that are classified as securities available-for-sale on the Consolidated Condensed Balance Sheets. The change in valuation of these securities, net of deferred income taxes, has been recorded in accumulated other comprehensive income in the Company’s Consolidated Condensed Balance Sheets.
 
The components of comprehensive income that are included in the Consolidated Condensed Statement of Changes in Shareholders’ Equity for the six months ending October 31, 2011 are as follows:
                     
Amount Net of
  
($ in thousands)
  
Amount Before Tax
    
Tax Expense
    
Tax Benefit
    
Tax
  
Change in unrealized gains on securities during the period 
  $ (50 )   $ -     $ 18     $ (32 )
Add: Adjustments for losses realized in net income
     5       (2 )     -       3  
    $ (45 )   $ (2 )   $ 18     $ (29 )
 
The components of comprehensive income that are included in the Consolidated Condensed Statement of Changes in Shareholders’ Equity for the six months ending October 31, 2010 are as follows:
 
                     
Amount Net of
  
($ in thousands)
  
Amount Before Tax
    
Tax Expense
    
Tax Benefit
    
Tax
  
Change in unrealized gains on securities during the period 
  $ (53 )   $ -     $ 19     $ (34 )
    $ (53 )   $ -     $ 19     $ (34 )