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Investments (Tables)
 3 Months Ended
Jul. 31, 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 July 31, 2015 were as follows:

                                 
($ in thousands)   Cost     Gross Unrealized Gains     Gross
Unrealized
Losses		     Fair Value  
Common stocks   $ 101     $ 78     $ (28 )   $ 151  
ETFs - equities     4,040       1,433       -       5,473  
Inverse ETFs - equities     5,466       -       (1,463 )     4,003  
    $ 9,607     $ 1,511     $ (1,491 )   $ 9,627  

 

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  
Schedule of income from securities transactions
       
    Three Months Ended July 31,  
($ in thousands)   2015     2014  
Dividend income   $ 43     $ 39  
Interest income     -       3  
Other     8       (1 )
Total income from securities transactions, net   $ 51     $ 41  
Schedule of components of EAM's investment management operations
       
    Three Months Ended July 31,  
($ in thousands) (unaudited)   2015     2014  
Investment management fees earned from the Value Line Funds, net of fee waivers   $ 3,838     $ 3,787  
12b-1 fees and other fees, net of fee waivers   $ 1,396     $ 1,360  
Other income / (loss)   $ (9 )   $ 5  
Investment management fee waivers (1)   $ 47     $ 28  
12b-1 fee waivers (1)   $ 371     $ 395  
Value Line’s non-voting revenues interest   $ 1,902     $ 1,833  
EAM’s net income (2)   $ 280     $ 378  

 

(1) During fiscal 2016 and 2015, investment management fee waivers primarily related to the Value Line Core Bond Fund and the 12b-1 fee waivers related to six of the Value Line Mutual Funds.

 

(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
                 
($ in thousands)   July 31,
2015		     April 30,
2015		  
    (unaudited)          
EAM’s total assets   $ 60,167     $ 60,159  
EAM’s total liabilities (1)     (3,050 )     (3,104 )
EAM’s total equity   $ 57,117     $ 57,055  

 

(1) At July 31, 2015 and April 30, 2015, EAM’s total liabilities included a payable to VLI for its accrued non-voting revenues and non-voting profits interests of $2,037,000 and $1,951,000, respectively.