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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Apr. 30, 2010
Cash flows from operating activities:      
Net income (loss) $ 6,925 $ 37,782 $ (23,188)
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Depreciation and amortization 724 593 726
Amortization of bond premium   13 1,042
Gain on deconsolidation of subsidiaries   (50,510)  
Post-employment non-cash compensation   1,770  
Non-voting revenues interest in EAM Trust (5,684) (2,187)  
Non-voting profits interest in EAM Trust (206) (168)  
Realized and unrealized losses on securities available-for-sale 11 63 (42)
Deferred income taxes 4,288 23,738 (8,165)
Expenses for operating lease exit obligation   914  
Writedown of software     727
Changes in operating assets and liabilities:      
Proceeds from sales of trading securities     16,840
Unearned revenue (1,006) (176) (1,820)
Reserve for settlement (1,189) (2,783) 4,247
Operating lease exit obligation (439)    
Accounts payable & accrued expenses (1,154) (1,524) 2,117
Accrued salaries 195 (318) (87)
Accrued taxes on income (60) 91 388
Prepaid and refundable income taxes (720) 1,970 (2,086)
Prepaid expenses and other current assets (43) (35) 179
Accounts receivable 697 82 672
Receivable from affiliates 37 1,345 (208)
Total adjustments (4,549) (27,122) 14,530
Net cash provided (used) by operating activities 2,376 10,660 (8,658)
Purchases/sales of securities classified as available-for-sale:      
Maturities and sales of fixed income securities 11,196 38,021 69,941
Proceeds from sales of equity securities 89    
Purchases of fixed income securities   (27,310) (48,039)
Purchases of equity securities (2,468) (1,360)  
Cash contribution to deconsolidated subsidiary capital   (5,484)  
Distributions received from EAM Trust 5,876 1,793  
Acquisition of property and equipment (48) (106) (81)
Expenditures for capitalized software (3,383) (1,801) (736)
Net cash provided by investing activities 11,262 3,753 21,085
Cash flows from financing activities:      
Purchase of treasury stock at cost (946) (90)  
Dividends paid (7,452) (23,956) (38,928)
Net cash used by financing activities (8,398) (24,046) (38,928)
Net change in cash and cash equivalents 5,240 (9,633) (26,501)
Cash and cash equivalents at beginning of year 6,802 16,435 42,936
Cash and cash equivalents at end of year $ 12,042 $ 6,802 $ 16,435