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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Oct. 31, 2020
Oct. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 1,391 $ (2,365)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 270 289
Amortization of debt issuance costs 30 56
Non-cash credits and charges:    
Interest earned on deferred purchase price 0 (160)
Stock-based compensation 42 107
Deferred income tax provision (benefit) 548 (756)
Net periodic pension cost 208 279
Pension settlement 0 2,929
Deferred Rent 0 110
Changes in assets and liabilities:    
Real estate inventory and investment assets (1,065) 3,526
Other assets (614) (469)
Accounts payable and accrued expenses 1,575 (466)
Accrued pension costs (1,847) (3,600)
Total adjustments (853) 1,845
Net cash provided by (used in) operating activities 538 (520)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (3) (26)
Net cash used in investing activities (3) (26)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 5,415 583
Principal debt payments (3,475) (1,385)
Payments for debt issuance costs (57) 0
Repurchase of common stock (4,228) 0
Net cash used in financing activities (2,345) (802)
Decrease in cash, cash equivalents and restricted cash (1,810) (1,348)
Cash, cash equivalents and restricted cash, beginning of period 17,502 14,236
Cash, cash equivalents and restricted cash, end of period 15,692 12,888
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid 52 4
Right-of-use assets obtained in exchange for operating lease liabilities $ 0 $ 198