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Note 15 -Business Segments
 12 Months Ended
Apr. 30, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note 15-Business Segments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Prior to December 23, 2010, (the Restructuring Transaction date), the Company operated two reportable business segments: (1) Publishing and (2) Investment Management. The Publishing segment, the Company's only reportable segment subsequent to the Restructuring Transaction date, produces investment periodicals and related publications (retail and institutional) in both print and digital form, and includes copyright data fees for the Value Line Proprietary Ranking System information and other proprietary information.
 
As more fully described in Note 1 - Organization and Summary of Significant Accounting Policies, the Company deconsolidated its investment management business on December 23, 2010 and therefore no longer reports the investment management operation as a separate business unit. Although VLI continues to receive significant cash flows from these operations through its non-controlling investment in EAM, it no longer considers this to be a reportable business segment due to its lack of control over the operating and financial policies of EAM.
 
Quarterly Results (Unaudited)
($ in thousands, except per share amounts)
 
 
 
   
Net Revenues
    
Income/ (Loss) from Operations
   
Revenues and Profits Interests in EAM Trust
    
Income/ (Loss) From Securities Trans. and Other, net
   
Net Income
    
Earnings Per Share
  
                                                 
2016, by Quarter
                                               
First
  $ 8,832     $ 959     $ 2,042     $ 51     $ 2,119     $ 0.22  
Second
    8,637       826       1,940       31       1,992       0.20  
Third
    8,599       557       1,919       133       1,913       0.20  
Fourth*
    8,478       (462 )     1,750       262       1,267       0.13  
Total
   $ 34,546     $ 1,880     $ 7,651     $ 477     $ 7,291     $ 0.75  
                                                 
2015, by Quarter
                                               
First
  $ 9,070     $ 1,062     $ 2,022     $ 41     $ 2,036     $ 0.21  
Second
    9,261       1,046       1,949       66       1,982       0.20  
Third
    8,863       851       2,024       96       2,177       0.22  
Fourth**
    8,329       (560 )     1,975       (77 )     1,097       0.11  
Total
   $ 35,523     $ 2,399     $ 7,970     $ 126     $ 7,292     $ 0.74  
                                                 
2014, by Quarter
                                               
First
  $ 8,952     $ 469     $ 1,769     $ 38     $ 1,445     $ 0.15  
Second
    9,013       646       1,854       34       1,616       0.16  
Third
    9,274       1,008       1,974       70       2,026       0.21  
Fourth
    9,092       378       1,902       36       1,681       0.17  
Total
   $ 36,331     $ 2,501     $ 7,499     $ 178     $ 6,768     $ 0.69  
 
* During the fourth quarter ended April 30, 2016, the Company’s loss from operations of $462,000 was the result of accelerated amortization related to the cessation of software development for certain data galleries.
 
** During the fourth quarter ended April 30, 2015, the Company’s loss from operations of $560,000 was the result of 12 weeks of print revenues recorded in the fourth quarter of fiscal 2015 as compared to 13 weeks recorded in the fourth quarter of fiscal 2014, accelerated write-off of $138,000 related to obsolete software and an additional direct mail campaign in the fourth quarter of fiscal 2015