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v2.4.0.8

Consolidated Statements of Income (USD $) In Thousands, except Share data, unless otherwise specified | 12 Months Ended
--- | ---
Apr. 30, 2013 | Apr. 30, 2012 | Apr. 30, 2011
Revenues: |  |  |  |
Investment periodicals and related publications | $ 31,940 | $ 33,018 | $ 34,406 |
Copyright data fees | 3,900 | 3,591 | 3,568 |
Investment management fees & services |  |  | 10,693 |
Total revenues | 35,840 | 36,609 | 48,667 |
Expenses: |  |  |  |
Advertising and promotion | 4,075 | 4,203 | 6,673 |
Salaries and employee benefits | 15,034 | 15,001 | 17,242 |
Production and distribution | 5,694 | 4,894 | 4,718 |
Office and administration | 6,917 | 7,173 | 9,504 |
Expenses related to restructuring |  |  | 3,764 |
Provision for settlement |  |  | (1,767) |
Total expenses | 31,720 | 31,271 | 40,134 |
Income from operations | 4,120 | 5,338 | 8,533 |
Gain on deconsolidation of subsidiaries |  |  | 50,510 | [1]
Revenues and profits interests in EAM Trust | 6,260 | 5,890 | 2,355 |
Income from securities transactions, net | 126 | 70 | 65 |
Income before income taxes | 10,506 | 11,298 | 61,463 |
Income tax provision | 3,887 | 4,373 | 23,681 |
Net income | $ 6,619 | $ 6,925 | $ 37,782 |
Earnings per share, basic & fully diluted (in dollars per share) | $ 0.67 | $ 0.70 | $ 3.79 |
Weighted average number of common shares (in shares) | 9,888,774 | 9,921,925 | 9,980,000 |
[1] | Represents the gain of $50,510,000 from deconsolidation of the asset management and Value Line Mutual Fund Distribution subsidiaries.

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