XML 38 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Note 13 - Treasury Stock and Repurchase Program
 12 Months Ended
Apr. 30, 2021
Notes to Financial Statements  
Treasury Stock [Text Block]
Note
13
- Treasury Stock and Repurchase Program:
 
On
April 17, 2020,
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 cost per share)
  
Shares
    
Cost Assigned
    
Average Cost
per Share
    
Aggregate Purchase Price Remaining under the Program
  
Balance as of April 30, 2018
    
308,380
     $
4,135
     $
13.41
     $
255
  
Purchases effected in open market
    
28,059
     $
608
     $
21.68
     $
-
  
Balance as of April 30, 2019
    
336,439
     $
4,743
     $
14.10
     $
1,438
  
Purchases effected in open market
    
46,840
     $
1,214
     $
25.91
     $
-
  
Balance as of April 30, 2020
    
383,279
     $
5,957
     $
15.54
     $
2,000
  
Purchases effected in open market (1)
    
53,551
     $
1,526
     $
28.50
     $
-
  
Balance as of April 30, 2021
    
436,830
     $
7,483
     $
17.13
     $
474
  
 
(
1
)  Were acquired during the
$2
million repurchase program authorized in
April 2020.