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v3.20.2

Consolidated Condensed Statements of Cash Flows - USD ($) | 6 Months Ended
--- | ---
Oct. 31, 2020 | Oct. 31, 2019
Cash flows from operating activities: |  |
Net income | $ 10,173,000 | $ 7,901,000
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Depreciation and amortization | 638,000 | 137,000
Realized gains on sales of equity securities | (925,000) |
Non-voting revenues interest in EAM Trust | (7,009,000) | (5,356,000)
Non-voting profits interest in EAM Trust | (849,000) | (573,000)
Distributions received from EAM Trust | 6,672,000 | 5,368,000
Deferred income taxes | 19,000 | 218,000
Deferred rent obligation | (470,000) | 56,000
Changes in operating assets and liabilities: |  |
Unearned revenue | (1,949,000) | (2,734,000)
Accounts payable & accrued expenses | (304,000) | (550,000)
Accrued salaries | (127,000) | (124,000)
Accrued taxes on income | (1,151,000) | (196,000)
Prepaid and refundable income taxes |  | 200,000
Prepaid expenses and other current assets | 112,000 | 271,000
Accounts receivable | 2,838,000 | (2,816,000)
Total adjustments | (2,505,000) | (6,099,000)
Net cash provided by operating activities | 7,668,000 | 1,802,000
Cash flows from investing activities: |  |
Purchases of equity securities classified as available-for-sale | (7,636,000) | (906,000)
Purchases of fixed income securities classified as available-for-sale | (2,496,000) | (3,472,000)
Proceeds from sales of equity securities classified as available-for-sale | 5,529,000 |
Proceeds from sales of fixed income securities classified as available-for-sale | 5,214,000 | 4,974,000
Acquisition of property and equipment | (21,000) | (2,000)
Expenditures for capitalized software | (82,000) |
Net cash provided by investing activities | 508,000 | 594,000
Cash flows from financing activities: |  |
Purchase of treasury stock at cost | (422,000) | (393,000)
Receivable from clearing broker | 608,000 |
Payable to clearing broker | (588,000) |
Dividends paid | (4,039,000) | (3,865,000)
Net cash used in financing activities | (4,441,000) | (4,258,000)
Net change in cash and cash equivalents | 3,735,000 | (1,862,000)
Cash, cash equivalents and restricted cash at beginning of period | 5,423,000 | 6,962,000
Cash, cash equivalents and restricted cash at end of period | $ 9,158,000 | $ 5,100,000

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- Definition Amount of cash outflow to acquire investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3151-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26853-111562 + Details
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- Definition The cash outflow to acquire equity securities classified as available-for-sale securities, because they are not classified as trading securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26853-111562 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
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- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
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- Definition Amount of cash inflow from sale of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26853-111562 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3151-108585 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585 + Details
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- Definition The cash inflow associated with the sale of equity securities classified as available-for-sale securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26853-111562 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585 + Details
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- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations incurred arising from transactions with broker-dealers, such as amounts due on margin and unsettled cash transactions; includes payables to brokers, dealers and clearing organizations, classified as financing activities. + References No definition available. + Details
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- Definition The increase (decrease) during the reporting period in the total amount due to the entity related to activities and operations with other broker dealers, and clearing organizations, including deposits, classified as financing activities. + References No definition available. + Details
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- Definition Represents the income received against non voting profits in unconsolidated entity. + References No definition available. + Details
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- Definition Represents the income received against non voting revenues in unconsolidated entity. + References No definition available. + Details
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- Definition Represents amount of deferred noncash expenses made by entity during period. + References No definition available. + Details
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- Definition The cash inflow associated with the revenues distribution from variable entity. + References No definition available. + Details
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