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EARNINGS PER SHARE
 3 Months Ended
Jul. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE B – EARNINGS PER SHARE

 

Reconciliation of the weighted average shares outstanding for basic and diluted income per share (“EPS”) for the three months ended July 31, 2024 and 2023, respectively, were as follows:

 

   

Three months ended July 31,

  
   

2024

    

2023

  

Weighted average shares outstanding:

                

Basic EPS shares outstanding (weighted average)

     9,538,339       9,384,375  

Effect of dilutive securities

    
**
      
**
  

Diluted EPS shares outstanding

     9,538,339       9,384,375  

 

** For the three months ended July 31, 2024 and 2023, dilutive securities are excluded from the calculation of EPS since the inclusion of such shares would be antidilutive. The exercisable shares excluded for the three months ended July 31, 2024 were 76,000 shares. The exercisable shares excluded for the three months ended July 31, 2023 were 155,000 shares.

 

On July 22, 2024 the Company’s Board of Directors declared a special cash dividend of $1.00 per share of common stock. The special dividend was paid on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. The total amount of the special dividend payment was approximately $9.6 million.