Note 9 - Property and Equipment

6 Months Ended

Oct. 31, 2020

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

Note

9

- Property and Equipment:

Property and equipment are carried at cost.  Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the remaining terms of the leases.  For income tax purposes, depreciation of furniture and equipment is computed using accelerated methods and buildings and leasehold improvements are depreciated over prescribed extended tax lives. Property and equipment, net, on the Consolidated Condensed Balance Sheets was comprised of the following:

	October 31,			April 30,
($ in thousands)	2020			2020
Building and leasehold improvements	$	1,013		$	1,013
Operating lease - right-of-use asset		8,042			8,550
Furniture and equipment		4,068			4,047
		13,123			13,610
Accumulated depreciation and amortization		(4,208	)		(4,110	)
Total property and equipment, net	$	8,915		$	9,500