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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 15,862 $ 7,392
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 225 554
Amortization of debt issuance costs 84 59
Non-cash credits and charges:    
Stock-based compensation 217 132
Deferred income tax provision 1,766 2,494
Net periodic pension cost (490) (36)
Gain on debt forgiveness (45) (300)
Changes in assets and liabilities:    
Real estate inventory and investment assets (7,295) 2,380
Other assets 113 339
Accounts payable and accrued expenses 1,486 1,290
Taxes payable 3,553 152
Accrued pension costs 0 (1,847)
Total adjustments (386) 5,217
Net cash provided by operating activities 15,476 12,609
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy 92 0
Capital expenditures (1,287) (5)
Net cash used in investing activities (1,195) (5)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 6,857 6,611
Principal debt payments (8,264) (6,680)
Payments for debt issuance costs (50) (120)
Repurchase of common stock (21,904) (5,116)
Net cash used in financing activities (23,361) (5,305)
(Decrease) increase in cash, cash equivalents and restricted cash (9,080) 7,299
Cash, cash equivalents and restricted cash, beginning of year 24,801 17,502
Cash, and cash equivalents, end of year 15,721 24,801
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net 3 153
Interest paid 203 120
Right-of-use assets obtained in exchange for operating lease liabilities $ 133 $ 43