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Treasury Stock and Repurchase Program:

6 Months Ended

Oct. 31, 2011

Note 10 - Treasury Stock and Repurchase Program:

On January 20, 2011, the Company’s Board of Directors approved the repurchase of shares of the Company’s common stock, at such times and prices as management determined to be advisable up to an aggregate purchase price of $3,200,000. The repurchase authorization extends through January 15, 2012, unless further extended or earlier terminated by the Board of Directors.

Treasury stock, at cost, consists of the following:

							Aggregate
							Purchase
							Price
							Remaining
			Total Average		Average Cost		Under the
(in thousands except for shares and cost per share)	Shares		Cost Assigned		per Share		Program
Balance as of April 30, 2011 (1)		25,119	$	444	$	17.67	$	3,110
Purchases effected in open market during the three months ended:
July 31, 2011		11,700	$	158	$	13.53	$	2,952
October 31, 2011		66,800	$	788	$	11.78	$	2,165
Balance as of October 31, 2011		103,619	$	1,390	$	13.41

(1) Includes the balance of 18,400 shares with a total average cost of $354,000 that were acquired prior to the repurchase program authorized in January 2011.