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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.