XML 48 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2013
Cash flows from operating activities:      
Net income $ 7,292 $ 6,768 $ 6,619
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,715 2,085 1,552
Non-voting revenues interest in EAM Trust (7,346) (6,767) (5,781)
Non-voting profits interest in EAM Trust $ (624) $ (732) $ (479)
Realized and unrealized losses on securities available-for-sale      
Deferred rent $ (200) $ 567  
Deferred income taxes (237) 464 $ 1,078
Changes in operating assets and liabilities:      
Unearned revenue 923 415 (1,286)
Reserve for settlement 21 7 (32)
Operating lease exit obligation   (36) (439)
Accounts payable & accrued expenses (663) (202) (17)
Accrued salaries (130) 149 92
Accrued taxes on income (249) 733 33
Prepaid and refundable income taxes 61 (175) 779
Prepaid expenses and other current assets 47 139 (575)
Accounts receivable (203) 72 (376)
Total adjustments (5,885) (3,281) (5,451)
Net cash provided by operating activities 1,407 $ 3,487 $ 1,168
Purchases/sales of securities classified as available-for-sale:      
Proceeds from sales of equity securities 57    
Purchases of equity securities (656) $ (2,553) $ (2,545)
Distributions received from EAM Trust 7,832 7,160 5,080
Acquisition of property and equipment (120) (206) (331)
Expenditures for capitalized software (2,424) (2,481) (2,457)
Net cash provided by (used for) investing activities 4,689 1,920 (253)
Cash flows from financing activities:      
Purchase of treasury stock at cost (122) (550) (182)
Dividends paid (5,888) (5,909) (5,935)
Net cash used for financing activities (6,010) (6,459) (6,117)
Net change in cash and cash equivalents 86 (1,052) (5,202)
Cash and cash equivalents at beginning of year 5,788 6,840 12,042
Cash and cash equivalents at end of year $ 5,874 $ 5,788 $ 6,840