Consolidated Condensed Balance Sheets (Current Period Unaudited) - USD ($)	Jan. 31, 2017	Apr. 30, 2016
Current Assets:
Cash and cash equivalents (including short term investments of $5,401 and $12,037, respectively)	$ 6,528,000	$ 13,122,000
Securities available-for-sale	14,945,000	3,637,000
Accounts receivable, net of allowance for doubtful accounts of $17 and $22, respectively	2,022,000	1,254,000
Prepaid and refundable income taxes	65,000	126,000
Prepaid expenses and other current assets	1,653,000	1,381,000
Deferred income taxes	344,000	432,000
Total current assets	25,557,000	19,952,000
Long term assets:
Investment in EAM Trust	58,197,000	57,942,000
Restricted money market investment	469,000
Property and equipment, net	898,000	3,621,000
Capitalized software and other intangible assets, net	1,845,000	4,992,000
Total long term assets	61,409,000	66,555,000
Total assets	86,966,000	86,507,000
Current Liabilities:
Accounts payable and accrued liabilities	1,754,000	2,669,000
Accrued salaries	1,053,000	1,066,000
Dividends payable	1,651,000	1,659,000
Accrued taxes on income	650,000	388,000
Unearned revenue	18,947,000	20,516,000
Total current liabilities	24,055,000	26,298,000
Long term liabilities:
Unearned revenue	5,292,000	4,926,000
Deferred tax liability, long term	19,224,000	20,683,000
Total long term liabilities	24,516,000	25,609,000
Total liabilities	48,571,000	51,907,000
Shareholders' Equity:
Common stock, $0.10 par value; authorized 30,000,000 shares; issued 10,000,000 shares	1,000,000	1,000,000
Additional paid-in capital	991,000	991,000
Retained earnings	39,850,000	35,524,000
Treasury stock, at cost (284,872 and 243,411 shares, respectively)	(3,721,000)	(3,040,000)	[1],[2]
Accumulated other comprehensive income, net of tax	275,000	125,000
Total shareholders' equity	38,395,000	34,600,000
Total liabilities and shareholders' equity	$ 86,966,000	$ 86,507,000

[1] Includes 85,219 shares with a total average cost of $1,036,000 that were acquired during the former repurchase program, which was authorized in January 2011 and expired in January 2012; 18,400 shares were acquired prior to January 2011.

[2] Were acquired during the $3 million repurchase program authorized in September 2012.