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Note 13 - Treasury Stock and Repurchase Program

12 Months Ended

Apr. 30, 2023

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.