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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2020
Cash flows from operating activities:      
Net earnings $ 12,782 $ 8,089 $ 6,742
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 4,138 5,610 8,103
Stock-based compensation expense 3,956 2,546 2,027
Net (gain) loss on investments (394) (3,569) 563
Net gain on sale of fixed assets (36) 0 0
Deferred income tax benefit (854) (270) (609)
Changes in operating assets and liabilities, net of effects of acquisition:      
Purchases of trading securities (1,713) (1,294) (22,433)
Proceeds from sales and maturities of trading securities 1,287 3,718 34,202
Accounts receivable, net 3,031 (1,632) (4,712)
Prepaid expenses and other assets 450 845 (1,537)
Accounts payable and other liabilities 1,562 799 2,692
Deferred revenue 4,811 2,914 944
Net cash provided by operating activities 29,020 17,756 25,982
Cash flows from investing activities:      
Capitalized computer software development costs 0 (620) (3,170)
Purchases of property and equipment, net of disposals (934) (678) (420)
Net cash used in investing activities (934) (1,298) (3,590)
Cash flows from financing activities:      
Proceeds from exercise of stock options 8,578 6,697 10,072
Dividends paid (14,632) (14,311) (13,938)
Net cash used in financing activities (6,054) (7,614) (3,866)
Net change in cash and cash equivalents 22,032 8,844 18,526
Cash and cash equivalents at beginning of year 88,658 79,814 61,288
Cash and cash equivalents at end of year 110,690 88,658 79,814
Supplemental disclosures of cash paid during the year for:      
Income taxes 300 518 544
Supplemental disclosures of noncash operating, investing and financing activities:      
Accrual of dividends payable $ 3,700 $ 3,615 $ 3,547