XML 35 R29.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Investments (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2015
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 April 30, 2015 were as follows:
($ in thousands) |  | Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Common stocks |  | $ | 101 |  |  | $ | 74 |  |  | $ | - |  |  | $ | 175 |
ETFs - equities |  |  | 3,903 |  |  |  | 1,508 |  |  |  | - |  |  |  | 5,411 |
Inverse ETFs - equities |  |  | 5,466 |  |  |  | - |  |  |  | (1,420 | ) |  |  | 4,046 |
|  | $ | 9,470 |  |  | $ | 1,582 |  |  | $ | (1,420 | ) |  | $ | 9,632 |
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 |
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Dividend income |  | $ | 157 |  |  | $ | 147 |  |  | $ | 124 |
Interest income |  |  | 3 |  |  |  | 5 |  |  |  | 4 |
Capital gain distribution from ETFs (1) |  |  | 57 |  |  |  | 36 |  |  |  | - |
Exchange loss |  |  | (16 | ) |  |  | - |  |  |  | - |
Interest expense |  |  | - |  |  |  | (5 | ) |  |  | - |
Other |  |  | (75 | ) |  |  | (5 | ) |  |  | (2 | )
Total income/(loss) from securities transactions and other, net |  | $ | 126 |  |  | $ | 178 |  |  | $ | 126 |
(1) Capital gain distributions of $57,000 and $36,000 which were reclassified from Accumulated Other Comprehensive Income in the Consolidated Balance Sheets to the Consolidated Statements of Income in fiscal 2015 and 2014, respectively.
Schedule of components of EAM's investment management operations |
|  | Fiscal Years Ended April 30, |
($ in thousands) |  | 2015 |  |  | 2014 |  |  | 2013 |
Investment management fees earned from the Value Line Funds, net of waivers shown below |  | $ | 15,014 |  |  | $ | 14,452 |  |  | $ | 12,773 |
12b-1 fees and other fees, net of waivers shown below |  | $ | 5,459 |  |  | $ | 5,061 |  |  | $ | 3,905 |
Other income |  | $ | 34 |  |  | $ | 16 |  |  | $ | 14 |
Investment management fee waivers and reimbursements (1) |  | $ | 192 |  |  | $ | 89 |  |  | $ | 379 |
12b-1 fee waivers (1) |  | $ | 1,518 |  |  | $ | 1,683 |  |  | $ | 2,156 |
Value Line’s non-voting revenues interest |  | $ | 7,346 |  |  | $ | 6,767 |  |  | $ | 5,781 |
EAM’s net income (2) |  | $ | 1,248 |  |  | $ | 1,464 |  |  | $ | 945 |
(1) During fiscal 2015 and 2014 investment management fee waivers and reimbursements primarily related to the Value Line Core Bond Fund and the 12b-1 fee waivers related to six and seven of the Value Line Mutual Funds, respectively. 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. Subsequent to April 30, 2015, EAM changed its money market option to the Federated Government Obligations Fund which was added as an option for the direct Value Line Funds’ shareholders to exchange into and is now available in place of the Daily Income Fund. (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) |  | 2015 |  |  | 2014 |
EAM’s total assets |  | $ | 60,159 |  |  | $ | 59,965 |
EAM’s total liabilities (1) |  |  | (3,104 | ) |  |  | (3,158 | )
EAM’s total equity |  | $ | 57,055 |  |  | $ | 56,807 |
(1) At April 30, 2015 and 2014, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $1,951,000 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=50485924&loc=d3e611282-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12C -Article 12 Reference 3: 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 210.5-03.9) -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 210.5-03.8) -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 210.5-03.7(a),(b)) -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
- References No definition available. + 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=50485924&loc=d3e611225-123010 + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration