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v3.8.0.1

Consolidated Condensed Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Oct. 31, 2017 | Oct. 31, 2016 | Oct. 31, 2017 | Oct. 31, 2016
Revenues: |  |  |  |
Investment periodicals and related publications | $ 7,426 | $ 7,629 | $ 14,866 | $ 15,279
Copyright data fees | 1,563 | 1,021 | 3,037 | 1,892
Total publishing revenues | 8,989 | 8,650 | 17,903 | 17,171
Gain on sale of operating facility |  |  |  | 8,123
Total revenues | 8,989 | 8,650 | 17,903 | 25,294
Expenses: |  |  |  |
Advertising and promotion | 827 | 620 | 1,622 | 1,528
Salaries and employee benefits | 4,574 | 4,301 | 9,074 | 8,209
Production and distribution | 1,403 | 2,350 | 2,798 | 4,824
Office and administration | 1,377 | 1,356 | 2,436 | 2,573
Total expenses | 8,181 | 8,627 | 15,930 | 17,134
Income from operations | 808 | 23 | 1,973 | 8,160
Revenues and profits interests in EAM Trust | 2,237 | 1,932 | 4,373 | 3,848
Income from securities transactions, net | 91 | 61 | 187 | 94
Income before income taxes | 3,136 | 2,016 | 6,533 | 12,102
Income tax provision | 1,064 | 536 | 2,246 | 4,264
Net income | $ 2,072 | $ 1,480 | $ 4,287 | $ 7,838
Earnings per share, basic & fully diluted (in dollars per share) | $ 0.21 | $ 0.15 | $ 0.44 | $ 0.81
Weighted average number of common shares (in shares) | 9,705,585 | 9,718,650 | 9,707,583 | 9,729,002

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