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Investments (Tables) | 9 Months Ended
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Jan. 31, 2014
Investments, Debt and Equity Securities [Abstract] |
Schedule of carrying value and fair value of securities available-for-sale | The carrying value and fair value of securities available-for-sale at January 31, 2014 were as follows:
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Common stocks |  | $ | 101 |  |  | $ | 47 |  |  | $ | (18 | ) |  | $ | 130 |
ETFs - equities |  |  | 3,878 |  |  |  | 961 |  |  |  | (8 | ) |  |  | 4,831 |
Inverse ETFs - equities |  |  | 4,868 |  |  |  | - |  |  |  | (669 | ) |  |  | 4,199 |
|  | $ | 8,847 |  |  | $ | 1,008 |  |  | $ | (695 | ) |  | $ | 9,160 |
The carrying value and fair value of securities available-for-sale at April 30, 2013 were as follows:
($ 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 |
Schedule of income from securities transactions |
|  | Three Months Ended January 31, |  |  | Nine Months Ended January 31, |
($ in thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Dividend income |  | $ | 36 |  |  | $ | 34 |  |  | $ | 109 |  |  | $ | 91 |
Interest income |  |  | 1 |  |  |  | 3 |  |  |  | 2 |  |  |  | 4 |
Capital gain |  |  | 36 |  |  |  | - |  |  |  | 36 |  |  |  | - |
Other |  |  | (3 | ) |  |  | - |  |  |  | (5 | ) |  |  | (2 | )
Total income from securities transactions, net |  | $ | 70 |  |  | $ | 37 |  |  | $ | 142 |  |  | $ | 93 |
Schedule of components of EAM's investment management operations |
|  | Three Months Ended January 31, |  |  | Nine Months Ended January 31, |
($ in thousands) (unaudited) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Investment management fees earned from the Value Line Funds, net of fee waivers |  | $ | 3,750 |  |  | $ | 3,252 |  |  | $ | 10,815 |  |  | $ | 9,481 |
12b-1 fees and other fees, net of fee waivers |  | $ | 1,344 |  |  | $ | 992 |  |  | $ | 3,757 |  |  | $ | 2,868 |
Other income |  | $ | 3 |  |  | $ | 5 |  |  | $ | 13 |  |  | $ | 5 |
Investment management fee waivers (1) |  | $ | 22 |  |  | $ | 16 |  |  | $ | 69 |  |  | $ | 363 |
12b-1 fee waivers (1) |  | $ | 396 |  |  | $ | 545 |  |  | $ | 1,298 |  |  | $ | 1,635 |
Value Line’s non-voting revenues interest |  | $ | 1,767 |  |  | $ | 1,472 |  |  | $ | 5,028 |  |  | $ | 4,280 |
EAM’s net income (2) |  | $ | 414 |  |  | $ | 306 |  |  | $ | 1,138 |  |  | $ | 694 |
(1) During fiscal 2013, investment management fee waivers primarily related to 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. During fiscal 2014 and 2013, the 12b-1 fee waivers related to seven and nine of the Value Line Mutual Funds, respectively. (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 |
|  | January 31, |  |  | April 30, |
($ in thousands) |  | 2014 |  |  | 2013 |
|  | (unaudited) |  |  |  |
EAM’s total assets |  | $ | 59,730 |  |  | $ | 59,349 |
EAM’s total liabilities (1) |  |  | (2,987 | ) |  |  | (2,814 | )
EAM’s total equity |  | $ | 56,743 |  |  | $ | 56,535 |
(1) At January 31, 2014 and April 30, 2013, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,953,000 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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