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Note 4 - Schedule of Components of EAM's Investment Management Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Apr. 30, 2016
[3]
Jan. 31, 2016
Oct. 31, 2015
Jul. 31, 2015
Apr. 30, 2015
[4]
Jan. 31, 2015
Oct. 31, 2014
Jul. 31, 2014
Apr. 30, 2014
Jan. 31, 2014
Oct. 31, 2013
Jul. 31, 2013
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2014
EAM Trust [Member]                              
Investment management fees earned from the Value Line Funds, net of waivers shown below                         $ 14,548 $ 15,014 $ 14,452
12b-1 fees and other fees, net of waivers shown below                         5,669 5,459 5,061
Other income                         (14) (34) (16)
Other income                         14 34 16
Investment management fee waivers and reimbursements (1) [1]                         262 192 89
12b-1 fee waivers (1) [1]                         1,071 1,518 1,683
Non-voting revenues interest in EAM                         7,211 7,346 6,767
EAM's net income (2) [2]                         880 1,248 1,464
Non-voting revenues interest in EAM                         7,211 7,346 6,767
EAM's net income (2) $ 1,267 $ 1,913 $ 1,992 $ 2,119 $ 1,097 $ 2,177 $ 1,982 $ 2,036 $ 1,681 $ 2,026 $ 1,616 $ 1,445 $ 7,291 $ 7,292 $ 6,768
[1] During fiscal 2016 and 2015 investment management fee waivers and reimbursements primarily related to one Value Line Mutual Fund and the 12b-1 fee waivers related to four and six of the Value Line Mutual Funds, respectively. 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.
[3] 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.
[4] 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.