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Note 11 - Treasury Stock and Repurchase Program
 6 Months Ended
Oct. 31, 2018
Notes to Financial Statements  
Treasury Stock [Text Block]
Note
11
- Treasury Stock and Repurchase Program:
 
On
October 19, 2018,
the Company's Board of Directors approved a share repurchase program authorizing the repurchase of shares of the Company’s common stock up to an aggregate purchase price of
$2,000,000.
  The repurchases
may
be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program
may
be suspended or discontinued at any time at the Company’s discretion and has
no
set expiration date.
 
Treasury stock, at cost, consists of the following:
 
(in thousands except for shares and cost per share)
  
Shares
    
Total Average Cost Assigned
    
Average Cost per
Share
    
Aggregate Purchase Price
Remaining Under the Program
  
Balance as of April 30, 2018 (1)
    
308,380
     $
4,135
     $
13.41
     $
255
  
Purchases effected in open market during the quarters ended (2):
                                
July 31, 2018
    
2,286
      
46
      
20.26
      
209
  
October 31, 2018
    
-
      
-
      
-
      
-
  
Balance as of October 31, 2018 (2) (3)
    
310,666
     $
4,181
     $
13.46
     $
209
  
 
(
1
) Includes
85,219
shares with a total average cost of
$1,036,000
that were acquired during the former repurchase program which was authorized in
January 2011
and expired in
January 2012; 
18,400
shares were acquired prior to
January 2011.  
 
(
2
) Includes
207,047
shares with a total average cost of
$2,792,000
that were acquired during the
$3
million repurchase program which was authorized in
September 2012
and expired in
October 2019.
 
(
3
) On
October 19, 2018,
the Company's Board of Directors authorized the repurchases up to
$2,000,000
of shares of the Company’s common stock  of which
none
were purchased through
October 31, 2018.