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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Cash flows from operating activities:    
Net income $ 13,283,000 $ 9,283,000
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 815,000 3,728,000
Non-voting revenues interest in EAM Trust (6,074,000) (5,389,000)
Non-voting profits interest in EAM Trust (583,000) (393,000)
Realized gain on sale of operating facility (8,123,000)
Realized gains on sale of equity securities (152,000)
Deferred rent 444,000 (167,000)
Deferred income taxes (6,405,000) (1,257,000)
Other, net (45,000) (45,000)
Changes in operating assets and liabilities:    
Unearned revenue (1,547,000) (1,203,000)
Accounts payable & accrued expenses 13,000 (748,000)
Accrued salaries 95,000 (13,000)
Accrued taxes on income (211,000) 65,000
Prepaid and refundable income taxes (486,000) 61,000
Prepaid expenses and other current assets 406,000 (272,000)
Accounts receivable (1,785,000) (768,000)
Total adjustments (15,515,000) (14,524,000)
Net cash used in operating activities (2,232,000) (5,241,000)
Cash flows from investing activities:    
Purchases of equity securities classified as available-for-sale (4,954,000)
Purchases of fixed income securities classified as available-for-sale (2,636,000) (6,135,000)
Proceeds from sales of equity securities classified as available-for-sale 152,000 14,000
Proceeds from sales of fixed income securities classified as available-for-sale 1,634,000
Distributions received from EAM Trust 6,575,000 5,572,000
Proceeds from sale of operating facility 11,555,000
Restricted money market investment (469,000)
Acquisition of property and equipment (398,000) (879,000)
Expenditures for capitalized software (411,000)
Net cash provided by investing activities 5,327,000 4,293,000
Cash flows from financing activities:    
Purchase of treasury stock at cost (191,000) (681,000)
Dividends paid (5,243,000) (4,965,000)
Net cash used in financing activities (5,434,000) (5,646,000)
Net change in cash and cash equivalents (2,339,000) (6,594,000)
Cash and cash equivalents at beginning of year 6,557,000 13,122,000
Cash and cash equivalents at end of period $ 4,218,000 $ 6,528,000