XML 69 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2013
Investments, Debt and Equity Securities [Abstract] |
Schedule of carrying value and fair value of securities available-for-sale | 6155799223l30i71g61jig5436kljg43
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Common stocks |  | $ | 103 |  |  | $ | 27 |  |  | $ | (16 | ) |  | $ | 114 |
ETFs - equities |  |  | 3,878 |  |  |  | 740 |  |  |  | - |  |  |  | 4,618 |
Inverse ETFs - equities |  |  | 2,314 |  |  |  | - |  |  |  | (364 | ) |  |  | 1,950 |
|  | $ | 6,295 |  |  | $ | 767 |  |  | $ | (380 | ) |  | $ | 6,682 |
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Common stocks |  | $ | 103 |  |  | $ | 14 |  |  | $ | (5 | ) |  | $ | 112 |
ETFs - equities |  |  | 2,257 |  |  |  | 201 |  |  |  | (5 | ) |  |  | 2,453 |
Inverse ETFs - equities |  |  | 1,389 |  |  |  | - |  |  |  | (73 | ) |  |  | 1,316 |
|  | $ | 3,749 |  |  | $ | 215 |  |  | $ | (83 | ) |  | $ | 3,881 |
Schedule of income from securities transactions |
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 |
Dividend income |  | $ | 124 |  |  | $ | 68 |  |  | $ | 16 |
Interest income (1) |  |  | 4 |  |  |  | 16 |  |  |  | 118 |
Realized and unrealized gains (losses) on securities available-for-sale (2) |  |  | - |  |  |  | (11 | ) |  |  | (63 | )
Interest expense |  |  | - |  |  |  | - |  |  |  | (2 | )
Other |  |  | (2 | ) |  |  | (3 | ) |  |  | (4 | )
Total income from securities transactions, net |  | $ | 126 |  |  | $ | 70 |  |  | $ | 65 |
(1) Interest income was recorded net of bond premium amortization of $14,000 during fiscal year 2011. (2) These amounts were reclassified from Accumulated Other Comprehensive Income in the Consolidated Balance Sheets to the Consolidated Statements of Income.
Schedule of components of EAM's investment management operations | 6155799223l30i71g61jig5436kljg43
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2013 |  |  | 2012 |  |  | 2011 (1) |
Investment management fees earned from the Value Line Funds, net of waivers shown below |  | $ | 12,773 |  |  | $ | 12,465 |  |  | $ | 4,592 |
12b-1 fees and other fees, net of waivers shown below |  | $ | 3,905 |  |  | $ | 3,466 |  |  | $ | 1,293 |
Other income |  | $ | 14 |  |  | $ | 12 |  |  | $ | 3 |
Investment management fee waivers and reimbursements (2) |  | $ | 379 |  |  | $ | 806 |  |  | $ | 303 |
12b-1 fee waivers (2) |  | $ | 2,156 |  |  | $ | 2,257 |  |  | $ | 855 |
Value Line’s non-voting revenues interest |  | $ | 5,781 |  |  | $ | 5,684 |  |  | $ | 2,187 |
EAM’s net income (3) |  | $ | 945 |  |  | $ | 461 |  |  | $ | 336 |
(1) Total results of EAM’s investment management operations was for the period from December 23, 2010 through April 30, 2011. (2) During fiscal 2013 investment management fee waivers and reimbursements primarily related to the Value Line Core Bond Fund and the U.S. Government Money Market Fund (“USGMMF”) which was merged into a third party fund, the Daily Income Fund, managed by Reich & Tang, effective October 19, 2012. The 12b-1 fee waivers related to nine of the Value Line Mutual Funds. In fiscal 2012, investment management fee waivers and reimbursements primarily related to the USGMMF and the 12b-1 fee waivers related to eleven of the Value Line Mutual Funds. (3) Represents EAM’s net income, after giving effect to Value Line’s non-voting revenues interest, but before distributions to voting profits interest holders and to the Company in respect of its 50% non-voting profits interest.
Schedule of assets and liabilities |
Fiscal Years Ended April 30, |
($ in thousands) 6155799223l30i71g61jig5436kljg43 |  | 2013 |  |  | 2012 |
EAM’s total assets |  | $ | 59,349 |  |  | $ | 57,482 |
EAM’s total liabilities (1) |  |  | (2,814 | ) |  |  | (663 | )
EAM’s total equity |  | $ | 56,535 |  |  | $ | 56,819 |
(1) At April 30, 2013, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,621,000.

X
- Definition Tabular disclosure of the investment holdings which are represented by other than securities (for example, commodities). The investment holdings, other than securities investments table lists the long positions of non-security investments held by entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13) -URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611282-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 13 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12C -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Article 12 + Details
Name: | us-gaap_InvestmentHoldingsOtherThanSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the summary of investment holdings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611225-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12C -Article 12 + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration