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Note N - Quarterly Results of Operations (unaudited)

12 Months Ended

Apr. 30, 2012

Quarterly Financial Information [Text Block]

N - Quarterly Results of Operations (unaudited)

A summary of the Company’s quarterly results of operations for the years ended April 30, 2012 and 2011 is as follows (in thousands, except per share information):

	Year Ended April 30, 2012
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total

Revenues	$	100,524	$	110,807	$	105,365	$	113,481	$	430,177
Gross profit		38,762		42,321		39,659		42,723		163,465
Net income		8,282		7,760		7,304		9,641		32,987
Net income attributable to common stockholders		8,272		7,750		7,294		9,631		32,947
Earnings per share:
Basic		0.81		0.79		0.76		1.01		3.36
Diluted		0.78		0.77		0.73		0.97		3.24

	Year Ended April 30, 2011
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total

Revenues	$	91,460	$	91,835	$	92,569	$	103,387	$	379,251
Gross profit		36,169		35,342		34,621		39,742		145,874
Net income		7,965		6,189		5,688		8,373		28,215
Net income attributable to common stockholders		7,955		6,179		5,678		8,363		28,175
Earnings per share:
Basic		0.71		0.57		0.53		0.79		2.59
Diluted		0.70		0.56		0.52		0.78		2.54

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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