TREASURY STOCK TRANSACTIONS

9 Months Ended

Jan. 31, 2021

Disclosure Text Block Supplement [Abstract]

Treasury Stock [Text Block]

NOTE D – TREASURY STOCK TRANSACTIONS

During the nine-month period ended January 31, 2021, the Company made contributions of 30,538 shares of its common stock and common stock held in treasury to the Company’s profit-sharing plan and trust under Section 401(k) of the Internal Revenue Code. Commencing in the second quarter of the current fiscal year the Company began issuing newly issued shares to satisfy contributions to the 401(k). Previously the Company issued treasury stock to satisfy these contributions.  Such contributions are in accordance with the Company’s discretionary match of employee voluntary contributions to this plan.