XML 57 R23.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Investments (Tables) | 6 Months Ended
--- | ---
Oct. 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 October 31, 2014 were as follows:
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Common stocks |  | $ | 101 |  |  | $ | 64 |  |  | $ | (6 | ) |  | $ | 159 |
ETFs - equities |  |  | 3,902 |  |  |  | 1,521 |  |  |  | (2 | ) |  |  | 5,421 |
Inverse ETFs - equities |  |  | 4,868 |  |  |  | - |  |  |  | (1,225 | ) |  |  | 3,643 |
|  | $ | 8,871 |  |  | $ | 1,585 |  |  | $ | (1,233 | ) |  | $ | 9,223 |
The carrying value and fair value of securities available-for-sale at April 30, 2014 were as follows:
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized 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 |
Schedule of income from securities transactions |
|  | Three Months Ended October 31, |  |  | Six Months Ended October 31, |
($ in thousands) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Dividend income |  | $ | 39 |  |  | $ | 36 |  |  | $ | 77 |  |  | $ | 72 |
Interest income |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | - |
Other |  |  | 27 |  |  |  | (2 | ) |  |  | 27 |  |  |  | - |
Total income from securities transactions, net |  | $ | 66 |  |  | $ | 34 |  |  | $ | 107 |  |  | $ | 72 |
Schedule of components of EAM's investment management operations |
|  | Three Months Ended October 31, |  |  | Six Months Ended October 31, |
($ in thousands) (unaudited) |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Investment management fees earned from the Value Line Funds, net of fee waivers |  | $ | 3,690 |  |  | $ | 3,580 |  |  | $ | 7,477 |  |  | $ | 7,065 |
12b-1 fees and other fees, net of fee waivers |  | $ | 1,349 |  |  | $ | 1,294 |  |  | $ | 2,709 |  |  | $ | 2,413 |
Other income |  | $ | 4 |  |  | $ | 8 |  |  | $ | 9 |  |  | $ | 10 |
Investment management fee waivers (1) |  | $ | 41 |  |  | $ | 23 |  |  | $ | 69 |  |  | $ | 47 |
12b-1 fee waivers (1) |  | $ | 374 |  |  | $ | 379 |  |  | $ | 769 |  |  | $ | 902 |
Value Line’s non-voting revenues interest |  | $ | 1,803 |  |  | $ | 1,663 |  |  | $ | 3,636 |  |  | $ | 3,261 |
EAM’s net income (2) |  | $ | 292 |  |  | $ | 382 |  |  | $ | 670 |  |  | $ | 724 |
(1) During fiscal 2015 and 2014, investment management fee waivers related to one of the Value Line Mutual Fixed Income Funds. During fiscal 2015 and 2014, the 12b-1 fee waivers related to six and seven 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 |
|  | October 31, |  |  | April 30, |
($ in thousands) |  | 2014 |  |  | 2014 |
|  | (unaudited) |  |  |  |
EAM’s total assets |  | $ | 60,002 |  |  | $ | 59,965 |
EAM’s total liabilities (1) |  |  | (3,065 | ) |  |  | (3,158 | )
EAM’s total equity |  | $ | 56,937 |  |  | $ | 56,807 |
(1) At October 31, 2014 and April 30, 2014, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,935,000 and $1,887,000, respectively.

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=34726532&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=34726532&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