NOTE B - EARNINGS PER SHARE (Tables)

6 Months Ended

Oct. 31, 2014

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares [Table Text Block]

Reconciliation of the weighted average shares outstanding for basic and diluted Earnings Per Share are as follows:

	Six months				Three months
	Periods ended October 31,
	2014		2013		2014		2013
Weighted average shares outstanding:
Basic		8,588,594		8,504,810		8,598,456		8,519,718
Effect of dilutive securities		271,230		275,578		278,516		302,061
Diluted		8,859,824		8,780,388		8,876,972		8,821,779

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The computation of diluted earnings per share excludes those options and stock appreciation rights (“SARS”) with an exercise price in excess of the average market price of the Company’s common shares during the periods presented. The inclusion of such options and SARS in the computation of earnings per share would have been antidilutive. The number of excluded options and SARS were

	Six months				Three months
	Periods ended October 31,
	2014		2013		2014		2013
Outstanding options and SARS excluded		274,000		290,375		240,000		272,375