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EARNINGS PER SHARE
 9 Months Ended
Jan. 31, 2026
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 earnings per share (“EPS”) for the three and nine months ended January 31, 2026 and 2025, respectively, were as follows:

 

   Periods ended January 31, 
   Three months   Nine months 
   2026   2025   2026   2025 
Weighted average shares outstanding:                
Basic EPS shares outstanding (weighted average)   9,797,064    9,632,309    9,759,958    9,585,330 
Effect of dilutive securities    **     **     **    3,496 
Diluted EPS shares outstanding   9,797,064    9,632,309    9,759,958    9,588,826 

 

**For the three and nine months ended January 31, 2026, and the three months ended January 31, 2025, there were no shares to exclude from the calculation of dilutive securities. The exercisable shares excluded for the nine months ended January 31, 2025 were 66,000 shares as their effect would be antidilutive.

 

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.