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Note 13 - Treasury Stock and Repurchase Program | 12 Months Ended
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Apr. 30, 2023
Notes to Financial Statements |
Treasury Stock [Text Block] |
Note 13 - Treasury Stock and Repurchase Program:
On October 21, 2022, 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 $3,000,000. The repurchases may be made from time to time on the open market at prevailing market prices, in negotiated transactions off the market, in block purchases or otherwise. The repurchase program may be suspended or discontinued at any time at the Company’s discretion and has no set expiration date.
Treasury stock, at cost, consists of the following:
($ 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, 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 |
Purchases effected in open market (2) |  |  | 53,327 |  |  | $ | 2,484 |  |  | $ | 46.58 |  |  | $ | - |
Balance as of April 30, 2022 |  |  | 490,157 |  |  | $ | 9,967 |  |  | $ | 20.33 |  |  | $ | 1,241 |
Purchases effected in open market (3) |  |  | 75,303 |  |  | $ | 4,704 |  |  | $ | 62.47 |  |  | $ | - |
Balance as of April 30, 2023 |  |  | 565,460 |  |  |  | 14,671 |  |  | $ | 25.95 |  |  | $ | 1,266 |
(1) Were acquired during the $2 million repurchase program authorized in April 2020.
(2) Were acquired during the $2 million repurchase program authorized in July 2021 and the $2 million repurchase program authorized in March 2022.
(3) Were acquired during the $3 million repurchase program authorized in May 2022 and the $3 million repurchase program authorized in October 2022.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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