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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2017
Cash flows from operating activities:      
Net income $ 11,150,000 $ 14,738,000 $ 10,367,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 367,000 1,125,000 4,623,000
Realized gain on sales of operating facilty (8,123,000)
Realized gain on sales of equity securities (152,000)
Deferred rent (89,000) 422,000 265,000
Deferred income taxes 512,000 (7,058,000) (1,711,000)
Other, net (55,000) (60,000) (60,000)
Changes in operating assets and liabilities:      
Unearned revenue (42,000) (134,000) 217,000
Accounts payable & accrued expenses 142,000 669,000 (1,245,000)
Accrued salaries (176,000) 102,000 219,000
Accrued taxes on income 339,000 324,000 (620,000)
Prepaid and refundable income taxes 203,000 (385,000) 54,000
Prepaid expenses and other current assets (65,000) 297,000 (186,000)
Accounts receivable (455,000) (31,000) 236,000
Total adjustments 681,000 (4,881,000) (6,331,000)
Net cash provided by operating activities 11,831,000 9,857,000 4,036,000
Cash flows from investing activities:      
Proceeds from sales of equity securities 0 152,000 53,000
Purchases of equity securities (156,000) (4,993,000)
Proceeds from sales of fixed income securities 8,346,000 3,384,000 750,000
Purchases of fixed income securities (11,040,000) (4,368,000) (8,235,000)
Non-voting revenues interest in EAM Trust (8,260,000) (8,040,000) (7,195,000)
Non-voting profits interest in EAM Trust (1,049,000) (746,000) (519,000)
Revenues distribution received from EAM Trust 8,027,000 7,879,000 7,053,000
Profits distributions received from EAM Trust 945,000 957,000 440,000
Net proceeds from sale of operating facility 11,555,000
Acquisition of property and equipment (11,000) (408,000) (1,276,000)
Expenditures for capitalized software (111,000) (408,000)
Net cash used in investing activities (3,309,000) (1,190,000) (2,775,000)
Cash flows from financing activities:      
Purchase of treasury stock at cost (608,000) (354,000) (741,000)
Dividends paid (7,362,000) (8,929,000) (6,616,000)
Net cash used in financing activities (7,970,000) (9,283,000) (7,357,000)
Net change in cash and cash equivalents 552,000 (616,000) (6,096,000)
Cash, cash equivalents and restricted cash at beginning of year 6,410,000 7,026,000 13,122,000
Cash, cash equivalents and restricted cash at end of year $ 6,962,000 $ 6,410,000 $ 7,026,000