11. Acquisition of Elcom Technologies, Inc. (Tables)

12 Months Ended

Apr. 30, 2013

Business Combination Disclosure [Text Block]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The estimated fair value of Elcom has been allocated as follows.

Cash	$	763
Accounts receivable		342
Inventory		3,233
Other current assets		61
Fixed assets		2,100
Goodwill and other intangible assets		673
Deferred tax assets		2,573
Other assets		180
Accounts payable		(350	)
Accrued expenses		(1,461	)
Capital lease obligations		(234	)
	$	7,880

Business Acquisition, Pro Forma Information [Table Text Block]

The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of operations would have been had the acquisition occurred on May 1, 2011, nor does it purport to represent the results of operations for future periods. The pro forma results of operations do not include the gain on the Company’s original investment of $730,000 or the impairment of the Company’s investment in Elcom during fiscal year 2012.

		Pro forma
		(unaudited)
		Year ended April 30, 2012
	(in thousands except per share data)
Revenues		$	70,955
Operating profit		$	5,147
Net income		$	5,863
Earnings per share- basic		$	0.70
Earnings per share- diluted		$	0.69