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Investments (Tables) | 12 Months Ended
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Apr. 30, 2014
Investments, Debt and Equity Securities [Abstract] |
Schedule of carrying value and fair value of securities available-for-sale |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  |  |  |  | Unrealized |  |  | Unrealized |  |  |
($ in thousands) |  | Cost |  |  | Gains |  |  | Losses |  | Fair Value |
Common stocks |  | $ | 101 |  |  | $ | 47 |  |  | $ | (12 | ) |  | $ | 136 |
ETFs - equities |  |  | 3,878 |  |  |  | 1,280 |  |  |  | (2 | ) |  |  | 5,156 |
Inverse ETFs - equities |  |  | 4,868 |  |  |  | - |  |  |  | (934 | ) |  |  | 3,934 |
|  | $ | 8,847 |  |  | $ | 1,327 |  |  | $ | (948 | ) |  | $ | 9,226 |
The carrying value and fair value of securities available-for-sale at April 30, 2013 were as follows: |  |  |  |  |
|  |  |  |  |  | Gross |  |  | Gross |  |  |  |  |
|  |  |  |  | Unrealized |  |  | Unrealized |  |  |
($ in thousands) |  | Cost |  |  | Gains |  |  | 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 |
Schedule of income from securities transactions |
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Dividend income |  | $ | 147 |  |  | $ | 124 |  |  | $ | 68 |
Interest income |  |  | 5 |  |  |  | 4 |  |  |  | 16 |
Realized gains (losses) on sales of securities available-for-sale reclassified from Accumulated Other Comprehensive Income |  |  | - |  |  |  | - |  |  |  | (11 | )
Interest expense |  |  | (5 | ) |  |  | - |  |  |  | - |
Other (1) |  |  | 31 |  |  |  | (2 | ) |  |  | (3 | )
Total income from securities transactions, net |  | $ | 178 |  |  | $ | 126 |  |  | $ | 70 |
(1) Other amounts include $36,000 which was reclassified from Accumulated Other Comprehensive Income in the Consolidated Balance Sheets to the Consolidated Statements of Income in fiscal 2014.
Schedule of components of EAM's investment management operations |
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2014 |  |  | 2013 |  |  | 2012 |
Investment management fees earned from the Value Line Funds, net of waivers shown below |  | $ | 14,452 |  |  | $ | 12,773 |  |  | $ | 12,465 |
12b-1 fees and other fees, net of waivers shown below |  | $ | 5,061 |  |  | $ | 3,905 |  |  | $ | 3,466 |
Other income |  | $ | 16 |  |  | $ | 14 |  |  | $ | 12 |
Investment management fee waivers and reimbursements (1) |  | $ | 89 |  |  | $ | 379 |  |  | $ | 806 |
12b-1 fee waivers (1) |  | $ | 1,683 |  |  | $ | 2,156 |  |  | $ | 2,257 |
Value Line’s non-voting revenues interest |  | $ | 6,767 |  |  | $ | 5,781 |  |  | $ | 5,684 |
EAM’s net income (2) |  | $ | 1,464 |  |  | $ | 945 |  |  | $ | 461 |
(1) During fiscal 2014 investment management fee waivers and reimbursements primarily related to the Value Line Core Bond Fund and the 12b-1 fee waivers related to seven of the Value Line Mutual Funds. During fiscal 2013 investment management fee waivers and reimbursements 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. In fiscal 2013 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. (2) 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) |  | 2014 |  |  | 2013 |
EAM’s total assets |  | $ | 59,965 |  |  | $ | 59,349 |
EAM’s total liabilities (1) |  |  | (3,158 | ) |  |  | (2,814 | )
EAM’s total equity |  | $ | 56,807 |  |  | $ | 56,535 |
(1) At April 30, 2014 and 2013, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,887,000 and $1,621,000, respectively.

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- 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
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