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Consolidated Condensed Statements of Income (unaudited) (USD $) In Thousands, except Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Oct. 31, 2012 | Oct. 31, 2011 | Oct. 31, 2012 | Oct. 31, 2011
Revenues: |  |  |  |
Investment periodicals and related publications | $ 7,827 | $ 8,327 | $ 15,855 | $ 16,725
Copyright data fees | 982 | 813 | 1,892 | 1,785
Total revenues | 8,809 | 9,140 | 17,747 | 18,510
Expenses: |  |  |  |
Advertising and promotion | 1,087 | 988 | 1,899 | 2,109
Salaries and employee benefits | 3,634 | 3,710 | 7,413 | 7,350
Production and distribution | 1,452 | 1,158 | 2,814 | 2,387
Office and administration | 1,716 | 1,766 | 3,349 | 3,508
Total expenses | 7,889 | 7,622 | 15,475 | 15,354
Income from operations | 920 | 1,518 | 2,272 | 3,156
Revenues and profits interests in EAM Trust | 1,529 | 1,343 | 3,002 | 2,915
Income from securities transactions, net | 30 | 20 | 56 | 31
Income before income taxes | 2,479 | 2,881 | 5,330 | 6,102
Income tax provision | 907 | 966 | 1,982 | 2,111
Net income | $ 1,572 | $ 1,915 | $ 3,348 | $ 3,991
Earnings per share, basic & fully diluted (in dollars per share) | $ 0.16 | $ 0.19 | $ 0.34 | $ 0.40
Weighted average number of common shares (in shares) | 9,894,789 | 9,929,264 | 9,895,585 | 9,947,056

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