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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2023
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 21,790 $ 15,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 63 225
Amortization of debt issuance costs 0 84
Non-cash credits and charges:    
Stock-based compensation 238 217
Deferred income tax provision (13,762) 1,766
Net periodic pension cost (283) (490)
Pension settlement 7,597 0
Gain on debt forgiveness 0 (45)
Changes in assets and liabilities:    
Real estate inventory and investment assets (3,122) (7,295)
Other assets (1,191) 113
Accounts payable and accrued expenses (1,251) 1,486
Taxes (receivable) payable, net (3,690) 3,553
Net cash provided by operating activities 6,389 15,476
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy 0 92
Capital expenditures of property and equipment (131) (1,287)
Net cash used in investing activities (131) (1,195)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 50 6,857
Principal debt payments (2,036) (8,264)
Payments for debt issuance costs 0 (50)
Repurchase of common stock 0 (21,904)
Net cash used in financing activities (1,986) (23,361)
Increase (decrease) in cash and cash equivalents 4,272 (9,080)
Cash and cash equivalents, beginning of year 15,721 24,801
Cash and cash equivalents, end of year 19,993 15,721
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net 134 3
Interest paid $ 57 $ 203