America's Car-Mart (CRMT) 10-K 21 Jun 19 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2019	Jun. 14, 2019	Oct. 31, 2018
Document Information [Line Items]
Entity Registrant Name	AMERICAS CARMART INC
Entity Central Index Key	0000799850
Trading Symbol	crmt
Current Fiscal Year End Date	--04-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		6,695,221
Entity Public Float			$ 511,024,949
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Assets:
Cash and cash equivalents	$ 1,752	$ 1,022
Accrued interest on finance receivables	2,348	2,189
Finance receivables, net	415,486	383,617
Inventory	37,483	33,610
Prepaid expenses and other assets	4,634	4,747
Income taxes receivable, net	1,947	1,450
Goodwill	355	355
Property and equipment, net	28,537	28,594
Total Assets	492,542	455,584
Liabilities:
Accounts payable	13,659	13,609
Accrued liabilities	18,837	15,960
Deferred income tax liabilities, net	14,259	12,558
Debt facilities	152,918	152,367
Total liabilities	231,632	224,649
Commitments and contingencies (Note L)
Mezzanine equity:
Mandatorily redeemable preferred stock	400	400
Equity:
Preferred stock, par value $.01 per share, 1,000,000 shares authorized; none issued or outstanding
Common stock, par value $.01 per share, 50,000,000 shares authorized; 13,376,030 and 13,147,143 issued at April 30, 2019 and April 30, 2018, respectively, of which 6,699,421 and 6,849,161 were outstanding at April 30, 2019 and April 30, 2018, respectively	134	131
Additional paid-in capital	81,605	72,641
Retained earnings	409,573	361,988
Less: Treasury stock, at cost, 6,676,609 and 6,297,982 shares at April 30, 2019 and April 30, 2018, respectively	(230,902)	(204,325)
Total stockholders' equity	260,410	230,435
Non-controlling interest	100	100
Total equity	260,510	230,535
Total Liabilities, mezzanine equity and equity	492,542	455,584
Payment Protection Plan [Member]
Liabilities:
Deferred revenue	21,367	19,823
Service Contract [Member]
Liabilities:
Deferred revenue	$ 10,592	$ 10,332

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 30, 2019	Apr. 30, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,376,030	13,147,143
Common stock, shares outstanding (in shares)	6,699,421	6,849,161
Treasury stock, shares (in shares)	6,676,609	6,297,982

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Revenues:
Sales	$ 586,508	$ 537,528	$ 520,149
Interest and other income	82,614	74,673	67,602
Total revenues	669,122	612,201	587,751
Costs and expenses:
Cost of sales, excluding depreciation	343,898	315,273	304,927
Selling, general and administrative	107,249	99,023	91,940
Provision for credit losses	146,363	149,059	149,097
Interest expense	7,883	5,599	4,069
Depreciation and amortization	3,969	4,250	4,272
Loss (gain) on disposal of property and equipment	(91)	91	1,204
Total costs and expenses	609,271	573,295	555,509
Income before income taxes	59,851	38,906	32,242
Provision for income taxes	12,226	2,397	12,037
Net income	47,625	36,509	20,205
Less: Dividends on mandatorily redeemable preferred stock	40	40	40
Net income attributable to common stockholders	$ 47,585	$ 36,469	$ 20,165
Earnings per share:
Basic (in dollars per share)	$ 6.99	$ 5.04	$ 2.57
Diluted (in dollars per share)	$ 6.73	$ 4.90	$ 2.49
Weighted average number of shares outstanding:
Basic (in shares)	6,810,879	7,232,014	7,854,238
Diluted (in shares)	7,071,768	7,441,358	8,110,777

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Net income	$ 47,625,000	$ 36,509,000	$ 20,205,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	146,363,000	149,059,000	149,097,000
Losses on claims for payment protection plan	17,020,000	16,748,000	15,627,000
Depreciation and amortization	3,969,000	4,250,000	4,272,000
Amortization of debt issuance costs	251,000	260,000	252,000
Loss (gain) on disposal of property and equipment	(91,000)	91,000	1,204,000
Stock-based compensation	3,703,000	1,603,000	1,293,000
Deferred income taxes	1,701,000	(6,360,000)	638,000
Excess tax benefit from stock based compensation			(1,183,000)
Change in operating assets and liabilities:
Finance receivable originations	(540,505,000)	(494,641,000)	(479,099,000)
Finance receivable collections	293,739,000	260,104,000	249,264,000
Accrued interest on finance receivables	(159,000)	(91,000)	(382,000)
Inventory	47,641,000	38,793,000	42,493,000
Prepaid expenses and other assets	113,000	(780,000)	(730,000)
Accounts payable and accrued liabilities	2,226,000	4,712,000	676,000
Income taxes, net	(497,000)	(2,335,000)	2,963,000
Net cash provided by operating activities	24,902,000	9,994,000	7,334,000
Investing Activities:
Purchases of property and equipment	(4,029,000)	(2,258,000)	(1,587,000)
Proceeds from sale of property and equipment	142,000	554,000	932,000
Net cash used in investing activities	(3,887,000)	(1,704,000)	(655,000)
Financing Activities:
Exercise of stock options	5,117,000	1,641,000	1,895,000
Excess tax benefits from stock based compensation			1,183,000
Issuance of common stock	147,000	115,000	142,000
Purchase of common stock	(26,577,000)	(42,301,000)	(20,486,000)
Dividend payments	(40,000)	(40,000)	(40,000)
Debt issuance costs	(371,000)	(103,000)	(449,000)
Change in cash overdrafts	768,000	(163,000)	669,000
Principal payments on notes payable	(389,000)	(107,000)	(104,000)
Proceeds from revolving credit facilities	450,554,000	433,818,000	387,050,000
Payments on revolving credit facilities	(449,494,000)	(400,562,000)	(376,707,000)
Net cash used in financing activities	(20,285,000)	(7,702,000)	(6,847,000)
Increase (decrease) in cash and cash equivalents	730,000	588,000	(168,000)
Cash and cash equivalents, beginning of period	1,022,000	434,000	602,000
Cash and cash equivalents, end of period	1,752,000	1,022,000	434,000
Payment Protection Plan [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	1,544,000	1,351,000	1,167,000
Service Contract [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	$ 259,000	$ 721,000	$ (423,000)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Apr. 30, 2016	12,726,560
Balance at Apr. 30, 2016	$ 127	$ 64,771	$ 305,354	$ (141,535)	$ 100	$ 228,817
Issuance of common stock (in shares)	4,750,000
Issuance of common stock		142				$ 142
Stock options exercised (in shares)	196,103					264,500
Stock options exercised	$ 2	1,895				$ 1,897
Purchase of treasury shares				(20,489)		(20,489)
Tax benefit of stock based compensation		1,183				1,183
Stock based compensation		1,293				1,293
Dividends on subsidiary preferred stock			(40)			(40)
Net income			20,205			20,205
Balance (in shares) at Apr. 30, 2017	12,927,413
Balance at Apr. 30, 2017	$ 129	69,284	325,519	(162,024)	100	233,008
Issuance of common stock (in shares)	3,096,000
Issuance of common stock		115				$ 115
Stock options exercised (in shares)	216,634					323,000
Stock options exercised	$ 2	1,639				$ 1,641
Purchase of treasury shares				(42,301)		(42,301)
Stock based compensation		1,603				1,603
Dividends on subsidiary preferred stock			(40)			(40)
Net income			36,509			36,509
Balance (in shares) at Apr. 30, 2018	13,147,143
Balance at Apr. 30, 2018	$ 131	72,641	361,988	(204,325)	100	230,535
Issuance of common stock (in shares)	2,267,000
Issuance of common stock		147				$ 147
Stock options exercised (in shares)	226,620					275,000
Stock options exercised	$ 3	5,114				$ 5,117
Purchase of treasury shares				(26,577)		(26,577)
Stock based compensation		3,703				3,703
Dividends on subsidiary preferred stock			(40)			(40)
Net income			47,625			47,625
Balance (in shares) at Apr. 30, 2019	13,376,030
Balance at Apr. 30, 2019	$ 134	$ 81,605	$ 409,573	$ (230,902)	$ 100	$ 260,510

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Treasury Stock [Member]
Purchase of treasury shares (in shares)	378,627	979,040	666,202

Note A - Organization and Busin

Note A - Organization and Business	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	A - Organization and Business America’s Car-Mart, Inc., a Texas corporation (the “Company”), is one two not April 30, 2019, 144

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	B - Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. In the Integrated Auto Sales and Finance industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates all have similar characteristics. Each of our individual dealerships is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 28% As of April 30, 2019, December 2021. Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase shares of its common stock up to certain limits. Under the current limits, the aggregate amount of repurchases after October 25, 2017 $50 first six October 25, 2017, $40 October 25, 2017, 20% 75% twelve 12.5% Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.4% May 2016, 15.0% 16.5% not not $2.3 April 30, 2019 $2.2 April 30, 2018), . one not may 76% April 30, 2019, 2.9% 30 3.5% April 30, 2018. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principle and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not 60 The Company maintains an allowance for credit losses on an aggregate basis, as opposed to a contract-by-contract basis, at an amount it considers sufficient to cover estimated losses inherent in the portfolio at the balance sheet date in the collection of its finance receivables currently outstanding. The Company accrues an estimated loss for the amount it believes will not not • The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five • The average net repossession and charge-off loss per unit during the last eighteen 50% 10 11 12 • The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen A point estimate is produced by this analysis which is then supplemented by a review of static pools coupled with any positive or negative subjective factors to arrive at an overall reserve amount that management considers to be a reasonable estimate of losses inherent in the portfolio at the balance sheet date that will be realized via actual charge-offs in the future. While challenging economic conditions can negatively impact credit losses, the effectiveness of the execution of internal policies and procedures within the collections area and the competitive environment on the lending side have historically had a more significant effect on collection results than macro-economic issues. An increase to the allowance for credit losses to 25% second 2016 $4.8 25% April 30, 2019. In most states, the Company offers retail customers who finance their vehicle the option of purchasing a payment protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred payment protection plan revenues, an additional liability is recorded for such difference. No April 30, 2019 2018. Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method. Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not no 2019 2018. Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements 5 to 15 Buildings and improvements 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets. Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. On December 22, 2017, April 30, 2018, 2018. 740, Income Taxes, December 22, 2017, 740 35% 21%, January 1, 2018. 30.4% 2018 21% third 2018, $8.1 Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2016. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no April 30, 2019 2018, Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and a payment protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payment in accordance with the terms of the customers’ accounts, ranging between 18 48 78’s” Sales consist of the following for the years ended April 30, 2019, 2018 2017: Years Ended April 30, (In thousands) 2019 2018 2017 Sales – used autos $ 506,184 $ 462,956 $ 448,183 Wholesales – third party 27,376 25,638 23,554 Service contract sales 30,243 28,482 28,668 Payment protection plan revenue 22,705 20,452 19,744 Total $ 586,508 $ 537,528 $ 520,149 At April 30, 2019 2018, 90 $1.2 $1.6 $1.9 $1.9 $2.0 2019, 2018 2017, April 30, 2019 April 30, 2018 $9.1 Advertising Costs Advertising costs are expensed as incurred and consist principally of radio, television, print media and digital marketing costs. Advertising costs amounted to $3.1 $3.8 $4.0 April 30, 2019, 2018 2017, Employee Benefit Plans The Company has 401 50% 4% $523,000, $465,000, $437,000 April 30, 2019, 2018 2017, The Company offers employees the right to purchase common shares at a 15% 2006 October 2006. 15% 2019, 2018 2017 not 200,000 142,523 April 30, 2019. Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded. Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may If an award contains a performance condition, expense is recognized only for those shares for which it is considered reasonably probable as of the current period end that the performance condition will be met. In March 2016, 2016 09, Improvements to Employee Share-Based Payment Accounting May 1, 2017. $1.7 2018. not not Treasury Stock The Company purchased 378,627, 979,040, 666,202 $26.6 $42.3 $20.5 April 30, 2019, 2018 2017, may 10,000 14,000 Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Revenue Recognition May 2014, 2014 09, Revenue from Contracts with Customers 606 2014 09 2014 09 August 2015, 2015 14, Revenue from Contracts with Customers 606 2014 09. 2014 09 December 15, 2017, one two May 1, 2018 not not not not Statement of Cash Flows August 2016, 2016 15 Statement of Cash Flows 230 2016 15 December 15, 2017 May 1, 2018, not Income Taxes October 2016, 2016 16, Income Taxes 740 2016 16 December 15, 2017 May 1, 2018, not Leases February 2016, 2016 02, Leases 12 2016 02 December 15, 2018, first April 30, 2020 $35 $40 not Credit Losses June 2016, 2016 13, Credit Losses 326 2016 13 2016 13 December 15, 2019,

Note C - Finance Receivables, N

Note C - Finance Receivables, Net	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Financing Receivables [Text Block]	C - Finance Receivables, Net The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts, which carry an interest rate of 15% 16.5% 18 48 one one one April 30, 2019 2018 (In thousands) April 30, 2019 April 30, 2018 Gross contract amount $ 631,681 $ 584,682 Less unearned finance charges (88,353 ) (83,244 ) Principal balance 543,328 501,438 Less allowance for credit losses (127,842 ) (117,821 ) Finance receivables, net $ 415,486 $ 383,617 Changes in the finance receivables, net for the years ended April 30, 2019, 2018 2017 Years Ended April 30, (In thousands) 2019 2018 2017 Balance at beginning of period $ 383,617 $ 357,161 $ 334,793 Finance receivable originations 540,505 494,641 479,099 Finance receivable collections (293,739 ) (260,104 ) (249,264 ) Provision for credit losses (146,363 ) (149,059 ) (149,097 ) Losses on claims for payment protection plan (17,020 ) (16,748 ) (15,627 ) Inventory acquired in repossession and payment protection plan claims (51,514 ) (42,274 ) (42,743 ) Balance at end of period $ 415,486 $ 383,617 $ 357,161 Changes in the finance receivables allowance for credit losses for the years ended April 30, 2019, 2018 2017 Years Ended April 30, (In thousands) 2019 2018 2017 Balance at beginning of period $ 117,821 $ 109,693 $ 102,485 Provision for credit losses 146,363 149,059 149,097 Charge-offs, net of recovered collateral (136,342 ) (140,931 ) (141,889 ) Balance at end of period $ 127,842 $ 117,821 $ 109,693 The factors which influenced management’s judgment in determining the amount of the additions to the allowance charged to provision for credit losses are described below. The level of actual charge-offs, net of recovered collateral, is the most important factor in determining the charges to the provision for credit losses. This is due to the fact that once a contract becomes delinquent the account is either made current by the customer, the vehicle is repossessed, or the account is written off if the collateral cannot be recovered. Net charge-offs as a percentage of average finance receivables was 25.7% 2019 28.8% 2018. 2019 Collections and delinquency levels can have a significant effect on additions to the allowance and are reviewed frequently. Collections as a percentage of average finance receivables were 55.3% April 30, 2019 53.1% April 30, 2018. 30 2.9% April 30, 2019 3.5% April 30, 2018. Macro-economic factors, and more importantly, proper execution of operational policies and procedures have a significant effect on additions to the allowance charged to the provision. Higher unemployment levels, higher gasoline prices and higher prices for staple items can potentially have a significant effect. The Company continues to focus on operational improvements within the collections area such as credit reporting for customers, GPS technology on vehicles sold and text messaging payment reminders. Credit quality information for finance receivables is as follows: (Dollars in thousands) April 30, 2019 April 30, 2018 Principal Percent of Principal Percent of Current $ 435,603 80.17 % $ 424,511 84.67 % 3 - 29 days past due 91,747 16.89 % 59,544 11.87 % 30 - 60 days past due 11,362 2.09 % 12,448 2.48 % 61 - 90 days past due 3,429 0.63 % 3,331 0.66 % > 90 days past due 1,187 0.22 % 1,604 0.32 % Total $ 543,328 100.00 % $ 501,438 100.00 % Accounts one two may The decrease in the percentage of accounts receivable current from the year ended April 30, 2018 April 30, 2019 2019 2018. 3 29 30 2.9% April 30, 2019 3.5% April 30, 2018. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. The Company monitors contract term length, down payment percentages, and collections for credit quality indicators. Twelve Months Ended 2019 2018 Principal collected as a percent of average finance receivables 55.3 % 53.1 % Average down-payment percentage 6.5 % 6.4 % April 30, 2019 April 30, 2018 Average originating contract term (in months ) 29.5 29.7 Portfolio weighted average contract term, including modifications (in months ) 32.1 32.5 The increase in collections as a percentage of average finance receivables was primarily due to the shorter contract terms, a lower percentage of delinquent account and improvements in contract modifications.

Note D - Property and Equipment

Note D - Property and Equipment	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	D - Property and Equipment A summary of property and equipment is as follows: (In thousands) April 30, 2019 April 30, 2018 Land $ 7,413 $ 6,402 Buildings and improvements 11,815 11,569 Furniture, fixtures and equipment 13,307 12,874 Leasehold improvements 26,064 24,567 Construction in progress 1,523 1,259 Accumulated depreciation and amortization (31,585 ) (28,077 ) Property and equipment, net $ 28,537 $ 28,594

Note E - Accrued Liabilities

Note E - Accrued Liabilities	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	E - Accrued Liabilities A summary of accrued liabilities is as follows: (In thousands) April 30, 2019 April 30, 2018 Employee compensation $ 6,321 $ 6,539 Cash overdrafts (see Note B) 1,274 506 Deferred sales tax (see Note B) 3,571 3,270 Reserve for PPP claims 2,433 2,101 Other 5,238 3,544 Accrued liabilities $ 18,837 $ 15,960

Note F - Debt Facilities

Note F - Debt Facilities	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	F – Debt Facilities A summary of debt facilities is as follows: (In thousands) 2019 2018 Revolving lines of credit $ 152,440 $ 151,380 Notes payable 194 305 Capital lease 839 1,117 Debt issuance costs (555 ) (435 ) Debt facilities $ 152,918 $ 152,367 On December 12, 2016, December 12, 2019, four $40 December 12, 2016. $172.5 $200 $50 37 42 50% 55%, 43 60 45% 50%. On October 25, 2017, No. 1 $50 six October 25, 2017, 20% 25% 0.025% second 0.125% third fourth 3.00%, 1.75:1.00 not first On December 3, 2018, No. 2 No. 2 December 3, 2021 $200 $215 $190 $205 $10 0.10% 2.25% May 31, 2019. May 31, 2019, four The revolving credit facilities are collateralized primarily by finance receivables and inventory, are cross collateralized and contain a guarantee by the Company. Interest is payable monthly under the revolving credit facilities. The credit facilities provide for four 2.35%, 4.73% April 30, 2019 4.25% April 30, 2018. The distribution limitations under the credit facilities allow the Company to repurchase shares of its common stock up to certain limits. Under the current limits, the aggregate amount of repurchases after October 25, 2017 $50 first six October 25, 2017, $40 October 25, 2017, 20% 75% twelve 12.5% The Company was in compliance with the covenants at April 30, 2019. April 30, 2019, $53 The Company recognized $251,000, $260,000 $252,000 twelve April 30, 2019, 2018 2017, During the years ended April 30, 2019 April 30, 2018, $371,000 $103,000, $556,000 $435,000 April 30, 2019 2018, On December 15, 2015, one $550,000. $10,005. December 2020, 3.50% $194,000 April 30, 2019. On March 29, 2018, $839,000, three April 30, 2019, $177,000

Note G - Fair Value Measurement

Note G - Fair Value Measurements	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	G – Fair Value Measurements The table below summarizes information about the fair value of financial instruments included in the Company’s financial statements at April 30, 2019 2018: April 30, 2019 April 30, 2018 (In thousands) Carrying Fair Carrying Fair Cash $ 1,752 $ 1,752 $ 1,022 $ 1,022 Finance receivables, net 415,486 334,147 383,617 308,384 Accounts payable 13,659 13,659 13,609 13,609 Debt facilities 152,918 152,918 152,367 152,367 Because no Financial Instrument Valuation Methodology Cash The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instrument. Finance receivables, net The Company estimated the fair value of its receivables at what a third third third January 2019 34% 39% third 38.5% not third April 30, 2019, third Accounts payable The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instrument. Revolving credit facilities and notes payable The fair value approximates carrying value due to the variable interest rates charged on the borrowings, which reprice frequently.

Note H - Income Taxes

Note H - Income Taxes	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H - Income Taxes The provision for income taxes was as follows: Years Ended April 30, (In thousands) 2019 2018 2017 Provision for income taxes Current $ 10,525 $ 8,757 $ 11,399 Deferred 1,701 (6,360 ) 638 Total $ 12,226 $ 2,397 $ 12,037 The provision for income taxes is different from the amount computed by applying the statutory federal income tax rate to income before income taxes for the following reasons: Years Ended April 30, (In thousands) 2019 2018 2017 Tax provision at statutory rate $ 12,569 $ 11,827 $ 11,285 State taxes, net of federal benefit 1,796 1,077 868 Tax benefit from option exercises (1,961 ) (1,721 ) - Deferred tax adjustment related to Tax Act - (8,083 ) - Other, net (178 ) (703 ) (116 ) Total $ 12,226 $ 2,397 $ 12,037 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets and liabilities were as follows: Years Ended April 30, (In thousands) 2019 2018 Deferred income tax liabilities related to: Finance receivables $ 19,254 $ 17,764 Goodwill 76 61 Total 19,330 17,825 Deferred income tax assets related to: Accrued liabilities 1,638 1,894 Inventory 127 120 Share based compensation 2,186 2,144 Property and equipment 76 82 State net operating loss 29 69 Deferred revenue 1,015 958 Total 5,071 5,267 Deferred income tax liabilities, net $ 14,259 $ 12,558

Note I - Capital Stock

Note I - Capital Stock	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	I – Capital Stock The Company is authorized to issue up to one million shares of $.01 one not A subsidiary of the Company has issued 500,000 $1.00 8% April 30, 2017, 400,000 $400,000

Note J - Weighted Average Share

Note J - Weighted Average Shares Outstanding	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Weighted Average Shares Outstanding [Text Block]	J – Weighted Average Shares Outstanding Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows: Years Ended April 30, 2019 2018 2017 Weighted average shares outstanding-basic 6,810,879 7,232,014 7,854,238 Dilutive options and restricted stock 260,889 209,344 256,539 Weighted average shares outstanding-diluted 7,071,768 7,441,358 8,110,777 Antidilutive securities not included: Options 60,000 229,000 359,250

Note K - Stock-based Compensati

Note K - Stock-based Compensation Plans	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	K – Stock-Based Compensation Plans The Company has stock-based compensation plans available to grant non-qualified stock options, incentive stock options and restricted stock to employees, directors and certain advisors of the Company. The current stock-based compensation plans are the Amended and Restated Stock Option Plan and the Amended and Restated Stock Incentive Plan. The Company recorded total stock-based compensation expense for all plans of $3.7 $2.8 $1.6 $1.1 $1.3 $811,000 April 30, 2019, 2018 2017, Stock Options The Company has options outstanding under the Amended and Restated Stock Option Plan. The shareholders of the Company approved the Amended and Restated Stock Option Plan (the “Option Plan”) on August 5, 2015, June 10, 2025 300,000 1,800,000 August 29, 2018, 200,000 2,000,000 not not ten 2019 2028. Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 8, 2028 Shares available for grant at April 30, 2019 298,500 The aggregate intrinsic value of outstanding options at April 30, 2019 2018 $29.9 $10.4 The fair value of options granted is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions in the table below. April 30, 2019 April 30, 2018 April 30, 2017 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 2.79% 1.81% 1.47% Volatility 36% 36% 36% Dividend yield - - - The expected term of the options is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on historical volatility of the Company’s common stock. The Company has not not There were 145,000 2019. 2019, 2018 2017 $3.0 $336,000 $461,000, three five The following is an aggregate summary of the activity in the Company’s stock option plans from April 30, 2016 April 30, 2019: Number Exercise Proceeds Weighted Average (in thousands) Outstanding at April 30, 2016 1,278,250 $ 39,081 $ 30.57 Granted 45,000 $26.42 to $34.09 1,301 28.90 Exercised (264,500 ) $11.90 to $28.13 (4,739 ) 17.92 Cancelled (30,250 ) $41.86 to $53.02 (1,559 ) 51.55 Outstanding at April 30, 2017 1,028,500 $ 34,084 $ 33.51 Granted 25,000 $37.30 933 37.30 Exercised (323,000 ) $11.90 to $37.94 (6,692 ) 20.72 Expired (15,000 ) $44.52 to $51.81 (710 ) 47.26 Cancelled (20,000 ) $41.86 to $53.02 (932 ) 46.61 Outstanding at April 30, 2018 695,500 $ 26,683 $ 30.50 Granted 145,000 $53.30 to $54.85 7,915 54.58 Exercised (275,000 ) $18.86 to $53.30 (8,511 ) 30.95 Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13 Stock option compensation expense on a pre-tax basis was $2.7 $2.0 $1.2 $773,000 $1.2 $728,000 April 30, 2019, 2018 2017, April 30, 2019, $3.0 1.9 The Company had the following options exercised for the periods indicated. The impact of these cash receipts is included in financing activities in the accompanying Consolidated Statements of Cash Flows Years Ended April 30, (Dollars in thousands) 2019 2018 2017 Options Exercised 275,000 323,000 264,500 Cash Received from Options Exercised $ 5,663 $ 2,832 $ 2,609 Intrinsic Value of Options Exercised $ 10,817 $ 8,381 $ 6,439 During the year ended April 30, 2019, 108,750 48,380 60,370 As of April 30, 2019, 137,000 $8.5 3.5 $36.78. As of April 30, 2019, 61,000 not April 30, 2019, April 2020. $823,000 fourth 2019 not Stock Incentive Plan On August 5, 2015, June 10, 2025. August 29, 2018, may 350,000 450,000. The following is a summary of the activity in the Company’s Stock Incentive Plan: Number Weighted Average Unvested shares at April 30, 2016 9,500 $ 52.10 Shares granted 10,000 39.14 Shares vested - - Shares cancelled (2,500 ) 49.51 Unvested shares at April 30, 2017 17,000 $ 44.86 Shares granted 166,500 45.86 Shares vested - - Shares cancelled (4,500 ) 38.28 Unvested shares at April 30, 2018 179,000 $ 45.96 Shares granted 3,000 53.30 Shares vested - - Shares cancelled (1,500 ) 36.38 Unvested shares at April 30, 2019 180,500 $ 46.16 The fair value at vesting for awards under the stock incentive plan was $8.3 $8.2 $763,000 2019, 2018 2017, During the fiscal year 2019, 3,000 $53.30 2018, 132,000 $48.70 34,500 $35.00 2017, 10,000 $39.14 105,527 April 30, 2019. The Company recorded compensation cost of $1.0 $760,000 $430,000 $288,000 $107,000 $67,000 April 30, 2019, 2018 2017, April 30, 2019, $6.7 7.2

Note L - Commitments and Contin

Note L - Commitments and Contingencies	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	L - Commitments and Contingencies Letter of Credit The Company has a standby letter of credit relating to an insurance policy totaling $250,000 April 30, 2019. Facility Leases The Company leases certain dealership and office facilities under various non-cancelable operating leases. Dealership leases are generally for periods from three five April 30, 2019, Years Ending Amount (In thousands) 2020 $ 6,681 2021 6,323 2022 6,059 2023 5,991 2024 5,403 Thereafter 17,616 Total $ 48,073 The $48.1 $1.5 $46.6 $13.2 April 30, 2019, 2018 2017, $6.7 $6.2 $6.2 Litigation In the ordinary course of business, the Company has become a defendant in various types of legal proceedings. The Company does not one Related Finance Company Car-Mart of Arkansas and Colonial do not

Note M - Supplemental Cash Flow

Note M - Supplemental Cash Flow Information	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	M - Supplemental Cash Flow Information Supplemental cash flow disclosures for the years ended April 30, 2019, 2018 2017 Years Ended April 30, (in thousands) 2019 2018 2017 Supplemental disclosures: Interest paid $ 7,259 $ 5,599 $ 4,069 Income taxes paid, net 11,022 11,092 8,435 Non-cash transactions: Inventory acquired in repossession and payment protection plan claims 51,514 42,274 42,743 Purchase of property and equipment using the issuance of debt - 1,151 - Loss accrued on disposal of property and equipment 29 - 797 Net settlement option exercises 2,848 3,859 2,130

Note N - Quarterly Results of O

Note N - Quarterly Results of Operations (Unaudited)	12 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Quarterly Financial Information [Text Block]	N - Quarterly Results of Operations (unaudited) A summary of the Company’s quarterly results of operations for the years ended April 30, 2019 2018 Year Ended April 30, 2019 First Second Third Fourth Total Revenues $ 164,015 $ 167,171 $ 161,054 $ 176,882 $ 669,122 Gross profit 59,933 61,045 58,063 63,569 242,610 Net income 10,884 11,281 10,895 14,565 47,625 Net income attributable to common stockholders 10,874 11,271 10,885 14,555 47,585 Earnings per share: Basic 1.57 1.64 1.61 2.17 6.99 Diluted 1.53 1.58 1.55 2.07 6.73 Year Ended April 30, 2018 First Second Third Fourth Total Revenues $ 146,418 $ 149,118 $ 147,214 $ 169,451 $ 612,201 Gross profit 53,068 54,804 53,215 61,168 222,255 Net income 6,992 5,969 13,379 10,169 36,509 Net income attributable to common stockholders 6,982 5,959 13,369 10,159 36,469 Earnings per share: Basic 0.92 0.82 1.88 1.47 5.04 Diluted 0.90 0.79 1.82 1.43 4.90

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated.
Segment Reporting, Policy [Policy Text Block]	Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. In the Integrated Auto Sales and Finance industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates all have similar characteristics. Each of our individual dealerships is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 28% As of April 30, 2019, December 2021.
Line of Credit Facility, Dividend Restrictions [Policy Text Block]	Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase shares of its common stock up to certain limits. Under the current limits, the aggregate amount of repurchases after October 25, 2017 $50 first six October 25, 2017, $40 October 25, 2017, 20% 75% twelve 12.5%
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid instruments purchased with original maturities of three
Financing Receivable [Policy Text Block]	Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.4% May 2016, 15.0% 16.5% not not $2.3 April 30, 2019 $2.2 April 30, 2018), . one not may 76% April 30, 2019, 2.9% 30 3.5% April 30, 2018. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principle and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not 60 The Company maintains an allowance for credit losses on an aggregate basis, as opposed to a contract-by-contract basis, at an amount it considers sufficient to cover estimated losses inherent in the portfolio at the balance sheet date in the collection of its finance receivables currently outstanding. The Company accrues an estimated loss for the amount it believes will not not • The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five • The average net repossession and charge-off loss per unit during the last eighteen 50% 10 11 12 • The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen A point estimate is produced by this analysis which is then supplemented by a review of static pools coupled with any positive or negative subjective factors to arrive at an overall reserve amount that management considers to be a reasonable estimate of losses inherent in the portfolio at the balance sheet date that will be realized via actual charge-offs in the future. While challenging economic conditions can negatively impact credit losses, the effectiveness of the execution of internal policies and procedures within the collections area and the competitive environment on the lending side have historically had a more significant effect on collection results than macro-economic issues. An increase to the allowance for credit losses to 25% second 2016 $4.8 25% April 30, 2019. In most states, the Company offers retail customers who finance their vehicle the option of purchasing a payment protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred payment protection plan revenues, an additional liability is recorded for such difference. No April 30, 2019 2018.
Inventory, Policy [Policy Text Block]	Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not no 2019 2018.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements 5 to 15 Buildings and improvements 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not
Cash Overdraft [Policy Text Block]	Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not
Deferred Sales Tax [Policy Text Block]	Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. On December 22, 2017, April 30, 2018, 2018. 740, Income Taxes, December 22, 2017, 740 35% 21%, January 1, 2018. 30.4% 2018 21% third 2018, $8.1 Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2016. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no April 30, 2019 2018,
Revenue [Policy Text Block]	Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and a payment protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payment in accordance with the terms of the customers’ accounts, ranging between 18 48 78’s” Sales consist of the following for the years ended April 30, 2019, 2018 2017: Years Ended April 30, (In thousands) 2019 2018 2017 Sales – used autos $ 506,184 $ 462,956 $ 448,183 Wholesales – third party 27,376 25,638 23,554 Service contract sales 30,243 28,482 28,668 Payment protection plan revenue 22,705 20,452 19,744 Total $ 586,508 $ 537,528 $ 520,149 At April 30, 2019 2018, 90 $1.2 $1.6 $1.9 $1.9 $2.0 2019, 2018 2017, April 30, 2019 April 30, 2018 $9.1
Advertising Cost [Policy Text Block]	Advertising Costs Advertising costs are expensed as incurred and consist principally of radio, television, print media and digital marketing costs. Advertising costs amounted to $3.1 $3.8 $4.0 April 30, 2019, 2018 2017,
Postemployment Benefit Plans, Policy [Policy Text Block]	Employee Benefit Plans The Company has 401 50% 4% $523,000, $465,000, $437,000 April 30, 2019, 2018 2017, The Company offers employees the right to purchase common shares at a 15% 2006 October 2006. 15% 2019, 2018 2017 not 200,000 142,523 April 30, 2019.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded.
Share-based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may If an award contains a performance condition, expense is recognized only for those shares for which it is considered reasonably probable as of the current period end that the performance condition will be met. In March 2016, 2016 09, Improvements to Employee Share-Based Payment Accounting May 1, 2017. $1.7 2018. not not
Treasury Stock [Policy Text Block]	Treasury Stock The Company purchased 378,627, 979,040, 666,202 $26.6 $42.3 $20.5 April 30, 2019, 2018 2017, may 10,000 14,000
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Revenue Recognition May 2014, 2014 09, Revenue from Contracts with Customers 606 2014 09 2014 09 August 2015, 2015 14, Revenue from Contracts with Customers 606 2014 09. 2014 09 December 15, 2017, one two May 1, 2018 not not not not Statement of Cash Flows August 2016, 2016 15 Statement of Cash Flows 230 2016 15 December 15, 2017 May 1, 2018, not Income Taxes October 2016, 2016 16, Income Taxes 740 2016 16 December 15, 2017 May 1, 2018, not Leases February 2016, 2016 02, Leases 12 2016 02 December 15, 2018, first April 30, 2020 $35 $40 not Credit Losses June 2016, 2016 13, Credit Losses 326 2016 13 2016 13 December 15, 2019,

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Property, Plant, and Equipment Useful Life [Table Text Block]	Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements 5 to 15 Buildings and improvements 18 to 39
Revenue from External Customers by Products and Services [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 2017 Sales – used autos $ 506,184 $ 462,956 $ 448,183 Wholesales – third party 27,376 25,638 23,554 Service contract sales 30,243 28,482 28,668 Payment protection plan revenue 22,705 20,452 19,744 Total $ 586,508 $ 537,528 $ 520,149

Note C - Finance Receivables,_2

Note C - Finance Receivables, Net (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) April 30, 2019 April 30, 2018 Gross contract amount $ 631,681 $ 584,682 Less unearned finance charges (88,353 ) (83,244 ) Principal balance 543,328 501,438 Less allowance for credit losses (127,842 ) (117,821 ) Finance receivables, net $ 415,486 $ 383,617
Change In Finance Receivables Net [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 2017 Balance at beginning of period $ 383,617 $ 357,161 $ 334,793 Finance receivable originations 540,505 494,641 479,099 Finance receivable collections (293,739 ) (260,104 ) (249,264 ) Provision for credit losses (146,363 ) (149,059 ) (149,097 ) Losses on claims for payment protection plan (17,020 ) (16,748 ) (15,627 ) Inventory acquired in repossession and payment protection plan claims (51,514 ) (42,274 ) (42,743 ) Balance at end of period $ 415,486 $ 383,617 $ 357,161
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 2017 Balance at beginning of period $ 117,821 $ 109,693 $ 102,485 Provision for credit losses 146,363 149,059 149,097 Charge-offs, net of recovered collateral (136,342 ) (140,931 ) (141,889 ) Balance at end of period $ 127,842 $ 117,821 $ 109,693
Financing Receivable, Past Due [Table Text Block]	(Dollars in thousands) April 30, 2019 April 30, 2018 Principal Percent of Principal Percent of Current $ 435,603 80.17 % $ 424,511 84.67 % 3 - 29 days past due 91,747 16.89 % 59,544 11.87 % 30 - 60 days past due 11,362 2.09 % 12,448 2.48 % 61 - 90 days past due 3,429 0.63 % 3,331 0.66 % > 90 days past due 1,187 0.22 % 1,604 0.32 % Total $ 543,328 100.00 % $ 501,438 100.00 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Twelve Months Ended 2019 2018 Principal collected as a percent of average finance receivables 55.3 % 53.1 % Average down-payment percentage 6.5 % 6.4 %
Financing Receivable Contract Terms [Table Text Block]	April 30, 2019 April 30, 2018 Average originating contract term (in months ) 29.5 29.7 Portfolio weighted average contract term, including modifications (in months ) 32.1 32.5

Note D - Property and Equipme_2

Note D - Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) April 30, 2019 April 30, 2018 Land $ 7,413 $ 6,402 Buildings and improvements 11,815 11,569 Furniture, fixtures and equipment 13,307 12,874 Leasehold improvements 26,064 24,567 Construction in progress 1,523 1,259 Accumulated depreciation and amortization (31,585 ) (28,077 ) Property and equipment, net $ 28,537 $ 28,594

Note E - Accrued Liabilities (T

Note E - Accrued Liabilities (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) April 30, 2019 April 30, 2018 Employee compensation $ 6,321 $ 6,539 Cash overdrafts (see Note B) 1,274 506 Deferred sales tax (see Note B) 3,571 3,270 Reserve for PPP claims 2,433 2,101 Other 5,238 3,544 Accrued liabilities $ 18,837 $ 15,960

Note F - Debt Facilities (Table

Note F - Debt Facilities (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) 2019 2018 Revolving lines of credit $ 152,440 $ 151,380 Notes payable 194 305 Capital lease 839 1,117 Debt issuance costs (555 ) (435 ) Debt facilities $ 152,918 $ 152,367

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	April 30, 2019 April 30, 2018 (In thousands) Carrying Fair Carrying Fair Cash $ 1,752 $ 1,752 $ 1,022 $ 1,022 Finance receivables, net 415,486 334,147 383,617 308,384 Accounts payable 13,659 13,659 13,609 13,609 Debt facilities 152,918 152,918 152,367 152,367

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 2017 Provision for income taxes Current $ 10,525 $ 8,757 $ 11,399 Deferred 1,701 (6,360 ) 638 Total $ 12,226 $ 2,397 $ 12,037
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 2017 Tax provision at statutory rate $ 12,569 $ 11,827 $ 11,285 State taxes, net of federal benefit 1,796 1,077 868 Tax benefit from option exercises (1,961 ) (1,721 ) - Deferred tax adjustment related to Tax Act - (8,083 ) - Other, net (178 ) (703 ) (116 ) Total $ 12,226 $ 2,397 $ 12,037
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Years Ended April 30, (In thousands) 2019 2018 Deferred income tax liabilities related to: Finance receivables $ 19,254 $ 17,764 Goodwill 76 61 Total 19,330 17,825 Deferred income tax assets related to: Accrued liabilities 1,638 1,894 Inventory 127 120 Share based compensation 2,186 2,144 Property and equipment 76 82 State net operating loss 29 69 Deferred revenue 1,015 958 Total 5,071 5,267 Deferred income tax liabilities, net $ 14,259 $ 12,558

Note J - Weighted Average Sha_2

Note J - Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years Ended April 30, 2019 2018 2017 Weighted average shares outstanding-basic 6,810,879 7,232,014 7,854,238 Dilutive options and restricted stock 260,889 209,344 256,539 Weighted average shares outstanding-diluted 7,071,768 7,441,358 8,110,777 Antidilutive securities not included: Options 60,000 229,000 359,250

Note K - Stock-based Compensa_2

Note K - Stock-based Compensation Plans (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Stock Option Plan Comparison [Table Text Block]	Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 8, 2028 Shares available for grant at April 30, 2019 298,500
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	April 30, 2019 April 30, 2018 April 30, 2017 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 2.79% 1.81% 1.47% Volatility 36% 36% 36% Dividend yield - - -
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number Exercise Proceeds Weighted Average (in thousands) Outstanding at April 30, 2016 1,278,250 $ 39,081 $ 30.57 Granted 45,000 $26.42 to $34.09 1,301 28.90 Exercised (264,500 ) $11.90 to $28.13 (4,739 ) 17.92 Cancelled (30,250 ) $41.86 to $53.02 (1,559 ) 51.55 Outstanding at April 30, 2017 1,028,500 $ 34,084 $ 33.51 Granted 25,000 $37.30 933 37.30 Exercised (323,000 ) $11.90 to $37.94 (6,692 ) 20.72 Expired (15,000 ) $44.52 to $51.81 (710 ) 47.26 Cancelled (20,000 ) $41.86 to $53.02 (932 ) 46.61 Outstanding at April 30, 2018 695,500 $ 26,683 $ 30.50 Granted 145,000 $53.30 to $54.85 7,915 54.58 Exercised (275,000 ) $18.86 to $53.30 (8,511 ) 30.95 Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13
Schedule of Share-based Compensation, Stock Options, Exercises [Table Text Block]	Years Ended April 30, (Dollars in thousands) 2019 2018 2017 Options Exercised 275,000 323,000 264,500 Cash Received from Options Exercised $ 5,663 $ 2,832 $ 2,609 Intrinsic Value of Options Exercised $ 10,817 $ 8,381 $ 6,439
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Number Weighted Average Unvested shares at April 30, 2016 9,500 $ 52.10 Shares granted 10,000 39.14 Shares vested - - Shares cancelled (2,500 ) 49.51 Unvested shares at April 30, 2017 17,000 $ 44.86 Shares granted 166,500 45.86 Shares vested - - Shares cancelled (4,500 ) 38.28 Unvested shares at April 30, 2018 179,000 $ 45.96 Shares granted 3,000 53.30 Shares vested - - Shares cancelled (1,500 ) 36.38 Unvested shares at April 30, 2019 180,500 $ 46.16

Note L - Commitments and Cont_2

Note L - Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years Ending Amount (In thousands) 2020 $ 6,681 2021 6,323 2022 6,059 2023 5,991 2024 5,403 Thereafter 17,616 Total $ 48,073

Note M - Supplemental Cash Fl_2

Note M - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Years Ended April 30, (in thousands) 2019 2018 2017 Supplemental disclosures: Interest paid $ 7,259 $ 5,599 $ 4,069 Income taxes paid, net 11,022 11,092 8,435 Non-cash transactions: Inventory acquired in repossession and payment protection plan claims 51,514 42,274 42,743 Purchase of property and equipment using the issuance of debt - 1,151 - Loss accrued on disposal of property and equipment 29 - 797 Net settlement option exercises 2,848 3,859 2,130

Note N - Quarterly Results of_2

Note N - Quarterly Results of Operations (Unaudited) (Tables)	12 Months Ended
	Apr. 30, 2019
Notes Tables
Quarterly Financial Information [Table Text Block]	Year Ended April 30, 2019 First Second Third Fourth Total Revenues $ 164,015 $ 167,171 $ 161,054 $ 176,882 $ 669,122 Gross profit 59,933 61,045 58,063 63,569 242,610 Net income 10,884 11,281 10,895 14,565 47,625 Net income attributable to common stockholders 10,874 11,271 10,885 14,555 47,585 Earnings per share: Basic 1.57 1.64 1.61 2.17 6.99 Diluted 1.53 1.58 1.55 2.07 6.73 Year Ended April 30, 2018 First Second Third Fourth Total Revenues $ 146,418 $ 149,118 $ 147,214 $ 169,451 $ 612,201 Gross profit 53,068 54,804 53,215 61,168 222,255 Net income 6,992 5,969 13,379 10,169 36,509 Net income attributable to common stockholders 6,982 5,959 13,369 10,159 36,469 Earnings per share: Basic 0.92 0.82 1.88 1.47 5.04 Diluted 0.90 0.79 1.82 1.43 4.90

Note A - Organization and Bus_2

Note A - Organization and Business (Details Textual)	12 Months Ended
	Apr. 30, 2019
Number of Operating Subsidiaries	2
Number of Dealerships Operated	144

Note B - Summary of Significa_3

Note B - Summary of Significant Accounting Policies (Details Textual) - USD ($)	Oct. 25, 2017	May 31, 2016	May 30, 2016	Oct. 24, 2017	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2019	Apr. 30, 2019	May 01, 2019	Oct. 31, 2016	Apr. 30, 2016
Number of Reportable Segments					1
Average Finance Receivable Interest Rate					16.40%
Interest Receivable					$ 2,348,000	$ 2,189,000		$ 2,348,000	$ 2,348,000
Finance Receivables, Customer Payments Due Either Weekly or Bi-Weekly, Percentage					76.00%
Financing Receivable, Greater Than or Equal to 30 Days Past Due, Percent of Portfolio					2.90%	3.50%		2.90%	2.90%
Percent of Chargeoffs in the First 10 to 11 Months of a Contract					50.00%			50.00%	50.00%
Average Age of Account at Charge-Off Date					1 year
Finance Receivables, Allowance, Percent of Principle Balance					25.00%			25.00%	25.00%		25.00%
Financing Receivable, Allowance for Credit Loss, Ending Balance					$ 127,842,000	$ 117,821,000	$ 109,693,000	$ 127,842,000	$ 127,842,000		$ 4,800,000	$ 102,485,000
Payment Protection Plan Liability, Anticipated Losses in Excess of Deferred Revenues					0	0		0	0
Goodwill, Impairment Loss					$ 0	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%	30.40%
Tax Adjustments, Settlements, and Unusual Provisions					$ (8,100,000)
Income Tax Examination, Penalties and Interest Accrued, Total					0	$ 0		0	0
Financing Receivable, Recorded Investment Greater Than 90 Days Past Due					1,187,000	1,604,000		1,187,000	1,187,000
Late Fee Income Generated by Servicing Financial Assets, Amount					1,900,000	1,900,000	2,000,000
Contract with Customer, Liability, Revenue Recognized					9,100,000
Advertising Expense					$ 3,100,000	3,800,000	4,000,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Match					50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay					4.00%
Defined Contribution Plan, Employer Contribution Amount					$ 523,000	465,000	437,000
Income Tax Expense (Benefit), Total					$ 12,226,000	$ 2,397,000	$ 12,037,000
Stock Repurchased During Period, Shares					378,627	979,040	666,202
Stock Repurchased During Period, Value					$ 26,600,000	$ 42,300,000	$ 20,500,000
Treasury Stock Shares to Establish Reserve Account to Secure Service Contracts					10,000
Assets, Total					$ 492,542,000	455,584,000		492,542,000	492,542,000
Liabilities, Total					$ 231,632,000	224,649,000		$ 231,632,000	$ 231,632,000
ACM Insurance Company [Member]
Treasury Stock, Shares to Establish Reserve Account to Meet Regulatory Requirements for Insurance Company					14,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit), Total						$ 1,700,000
2006 Employee Stock Purchase Plan [Member]
Common Stock Discount on Shares Percentage					15.00%			15.00%	15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized					200,000			200,000	200,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					142,523			142,523	142,523
Maximum [Member]
Financing Receivable Interest Rate		16.50%	15.00%		16.50%
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period					5 years
Maximum [Member] | Accounting Standards Update 2016-02 [Member] | Subsequent Event [Member]
Assets, Total										$ 40,000,000
Liabilities, Total										40,000,000
Minimum [Member]
Financing Receivable Interest Rate					15.00%
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period					1 year
Minimum [Member] | Accounting Standards Update 2016-02 [Member] | Subsequent Event [Member]
Assets, Total										35,000,000
Liabilities, Total										$ 35,000,000
Revolving Credit Facility [Member]
Line of Credit Facility, Distribution Limitations, Maximum Aggregate Amount of Stock Repurchases				$ 40,000,000				$ 50,000,000
Line of Credit Facility, Distribution Limitations Percentage of Sum of Borrowing Bases	20.00%			25.00%	20.00%				20.00%
Line of Credit Facility, Distribution Limitations Percentage of Consolidated Net Income					75.00%				75.00%
Line of Credit Facility Distribution Limitations Minimum Percentage of Aggregate Funds Available					12.50%				12.50%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Arkansas, USA [Member]
Concentration Risk, Percentage					28.00%

Note B - Summary of Significa_4

Note B - Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Apr. 30, 2019
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, and equipment (Year)	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, and equipment (Year)	7 years
Leasehold Improvements [Member] | Minimum [Member]
Property, and equipment (Year)	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, and equipment (Year)	15 years
Building and Building Improvements [Member] | Minimum [Member]
Property, and equipment (Year)	18 years
Building and Building Improvements [Member] | Maximum [Member]
Property, and equipment (Year)	39 years

Note B - Summary of Significa_5

Note B - Summary of Significant Accounting Policies - Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Sales	$ 586,508	$ 537,528	$ 520,149
Sales Used Autos [Member]
Sales	506,184	462,956	448,183
Wholesales Third Party [Member]
Sales	27,376	25,638	23,554
Service Contract Sales [Member]
Sales	30,243	28,482	28,668
Payment Protection Plan Revenue [Member]
Sales	$ 22,705	$ 20,452	$ 19,744

Note C - Finance Receivables,_3

Note C - Finance Receivables, Net (Details Textual)	May 31, 2016	May 30, 2016	Apr. 30, 2019	Apr. 30, 2018
Finance Receivables, Number of Loan Classes			1
Finance Receivables, Number of Risk Pools			1
Net Charge Offs as Percentage of Average Finance Receivables			25.70%	28.80%
Collections as Percentage of Average Financing Receivables			55.30%	53.10%
Delinquencies Greater Than 30 Days as Percentage of Average Financing Receivables			2.90%	3.50%
Minimum [Member]
Financing Receivable Interest Rate			15.00%
Financing Receivable Payment Period			1 year 180 days
Maximum [Member]
Financing Receivable Interest Rate	16.50%	15.00%	16.50%
Financing Receivable Payment Period			4 years

Note C - Finance Receivables,_4

Note C - Finance Receivables, Net - Components of Finance Receivables (Details) - USD ($)	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2016	Apr. 30, 2016
Gross contract amount	$ 631,681,000	$ 584,682,000
Less unearned finance charges	(88,353,000)	(83,244,000)
Principal balance	543,328,000	501,438,000
Less allowance for credit losses	(127,842,000)	(117,821,000)	$ (109,693,000)	$ (4,800,000)	$ (102,485,000)
Finance receivables, net	$ 415,486,000	$ 383,617,000	$ 357,161,000		$ 334,793,000

Note C - Finance Receivables,_5

Note C - Finance Receivables, Net - Changes in Finance Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Balance	$ 383,617	$ 357,161	$ 334,793
Finance receivable originations	540,505	494,641	479,099
Finance receivable collections	(293,739)	(260,104)	(249,264)
Provision for credit losses	(146,363)	(149,059)	(149,097)
Losses on claims for payment protection plan	(17,020)	(16,748)	(15,627)
Inventory acquired in repossession and payment protection plan claims	(51,514)	(42,274)	(42,743)
Balance	$ 415,486	$ 383,617	$ 357,161

Note C - Finance Receivables,_6

Note C - Finance Receivables, Net - Changes in the Finance Receivables Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Balance	$ 117,821	$ 109,693	$ 102,485
Provision for credit losses	146,363	149,059	149,097
Charge-offs, net of recovered collateral	(136,342)	(140,931)	(141,889)
Balance	$ 127,842	$ 117,821	$ 109,693

Note C - Finance Receivables,_7

Note C - Finance Receivables, Net - Credit Quality Information for Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Current, Principal Balance	$ 435,603	$ 424,511
Current, Percent of Portfolio	80.17%	84.67%
3 - 29 days past due, Principal Balance	$ 91,747	$ 59,544
3 - 29 days past due, Percent of Portfolio	16.89%	11.87%
30 - 60 days past due, Principal Balance	$ 11,362	$ 12,448
30 - 60 days past due, Percent of Portfolio	2.09%	2.48%
61 - 90 days past due, Principal Balance	$ 3,429	$ 3,331
61 - 90 days past due, Percent of Portfolio	0.63%	0.66%
> 90 days past due, Principal Balance	$ 1,187	$ 1,604
> 90 days past due, Percent of Portfolio	0.22%	0.32%
Total, Principal Balance	$ 543,328	$ 501,438
Total, Percent of Portfolio	100.00%	100.00%

Note C - Finance Receivables,_8

Note C - Finance Receivables, Net - Financing Receivables Analysis (Details)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Principal collected as a percent of average finance receivables	55.30%	53.10%
Average down-payment percentage	6.50%	6.40%

Note C - Finance Receivables,_9

Note C - Finance Receivables, Net - Average Financing Receivable Contract Terms (Details)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Average originating contract term (in months) (Month)	2 years 165 days	2 years 171 days
Portfolio weighted average contract term, including modifications (Month)	2 years 243 days	2 years 255 days

Note D - Property and Equipme_3

Note D - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Accumulated depreciation and amortization	$ (31,585)	$ (28,077)
Property and equipment, net	28,537	28,594
Land [Member]
Property and equipment	7,413	6,402
Building and Building Improvements [Member]
Property and equipment	11,815	11,569
Furniture, Fixtures and Equipment [Member]
Property and equipment	13,307	12,874
Leasehold Improvements [Member]
Property and equipment	26,064	24,567
Construction in Progress [Member]
Property and equipment	$ 1,523	$ 1,259

Note E - Accrued Liabilities -

Note E - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Employee compensation	$ 6,321	$ 6,539
Cash overdrafts (see Note B)	1,274	506
Deferred sales tax (see Note B)	3,571	3,270
Reserve for PPP claims	2,433	2,101
Other	5,238	3,544
Accrued liabilities	$ 18,837	$ 15,960

Note F - Debt Facilities (Detai

Note F - Debt Facilities (Details Textual)	Dec. 03, 2018USD ($)	Mar. 29, 2018	Oct. 25, 2017USD ($)	Dec. 12, 2016USD ($)	Oct. 31, 2016	Dec. 15, 2015USD ($)	Oct. 24, 2017USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2019USD ($)	Dec. 02, 2018USD ($)	Feb. 28, 2016USD ($)
Amortization of Debt Issuance Costs and Discounts, Total								$ 251,000	$ 260,000	$ 252,000
Debt Related Commitment Fees and Debt Issuance Costs								371,000	103,000
Debt Issuance Costs, Gross								556,000	$ 435,000		$ 556,000	$ 556,000
Long-term Debt, Total								194,000			194,000	194,000
Capital Lease Obligations, Total								839,000			839,000	839,000
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation								177,000			177,000	177,000
Assets Held under Capital Leases [Member]
Property, Plant and Equipment, Useful Life		3 years
Note Payable Related to the Property Purchase Agreement [Member]
Debt Instrument, Face Amount						$ 550,000
Debt Instrument, Periodic Payment, Total						$ 10,005
Debt Instrument, Interest Rate, Stated Percentage						3.50%
Revolving Credit Facility [Member]
Dividend Restrictions Maximum Aggregate Amount of Stock Repurchases			$ 50,000,000	$ 40,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 215,000,000			200,000,000									$ 200,000,000	$ 172,500,000
Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature				$ 50,000,000				$ 53,000,000			$ 53,000,000	$ 53,000,000
Debt Agreement, Accounts Receivable Advances, Term Range One, Rate				55.00%	50.00%
Debt Agreement, Accounts Receivable Advances, Term Range Two, Rate				50.00%	45.00%
Line of Credit Facility, Distribution Limitations Percentage of Sum of Borrowing Bases			20.00%				25.00%	20.00%				20.00%
Leverage Ratio, Maximum Threshold			1.75
Debt Instrument, Interest Rate, Effective Percentage								4.73%	4.25%		4.73%	4.73%
Line of Credit Facility, Distribution Limitations, Maximum Aggregate Amount of Stock Repurchases							$ 40,000,000				$ 50,000,000
Line of Credit Facility, Distribution Limitations Percentage of Consolidated Net Income								75.00%				75.00%
Line of Credit Facility Distribution Limitations Minimum Percentage of Aggregate Funds Available								12.50%				12.50%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate								2.35%
Revolving Credit Facility [Member] | Second Pricing Tier [Member]
Debt Instrument, Interest Rate, Increase (Decrease)			0.025%
Revolving Credit Facility [Member] | Third Pricing Tier [Member]
Debt Instrument, Interest Rate, Increase (Decrease)			0.125%
Revolving Credit Facility [Member] | Fourth Pricing Tier [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Interest Rate, Increase (Decrease)			3.00%
Revolving Credit Facility [Member] | Second Amendment [Member]
Debt Instrument, Interest Rate, Increase (Decrease)	0.10%
Revolving Credit Facility [Member] | Second Amendment [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Revolving Credit Facility [Member] | Minimum [Member]
Debt Agreement, Accounts Receivable Advances, Term Range One				3 years 30 days
Debt Agreement, Accounts Receivable Advances, Term Range Two				3 years 210 days
Revolving Credit Facility [Member] | Maximum [Member]
Debt Agreement, Accounts Receivable Advances, Term Range One				42 years
Debt Agreement, Accounts Receivable Advances, Term Range Two				5 years
Colonial Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 205,000,000												$ 190,000,000
ACM TCM Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 10,000,000

Note F - Debt Facilities - Summ

Note F - Debt Facilities - Summary of Debt Facilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Debt issuance costs	$ (555)	$ (435)
Debt facilities	152,918	152,367
Line of Credit [Member]
Debt facilities, gross	152,440	151,380
Notes Payable [Member]
Debt facilities, gross	194	305
Capital Lease Obligations [Member]
Debt facilities, gross	$ 839	$ 1,117

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements (Details Textual)	1 Months Ended
	Jan. 31, 2019
Fair Value Inputs, Discount Rate, Intercompany Transactions	38.50%
Minimum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	0.34
Maximum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	0.39

Note G - Fair Value Measureme_4

Note G - Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Reported Value Measurement [Member]
Cash	$ 1,752	$ 1,022
Finance receivables, net	415,486	383,617
Accounts payable	13,659	13,609
Debt facilities	152,918	152,367
Estimate of Fair Value Measurement [Member]
Cash	1,752	1,022
Finance receivables, net	334,147	308,384
Accounts payable	13,659	13,609
Debt facilities	$ 152,918	$ 152,367

Note H - Income Taxes - Provisi

Note H - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Current	$ 10,525	$ 8,757	$ 11,399
Deferred	1,701	(6,360)	638
Total	$ 12,226	$ 2,397	$ 12,037

Note H - Income Taxes - Reconci

Note H - Income Taxes - Reconciliation of Income Tax to Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Tax provision at statutory rate	$ 12,569	$ 11,827	$ 11,285
State taxes, net of federal benefit	1,796	1,077	868
Tax benefit from option exercises	(1,961)	(1,721)
Deferred tax adjustment related to Tax Act		(8,083)
Other, net	(178)	(703)	(116)
Provision for income taxes	$ 12,226	$ 2,397	$ 12,037

Note H - Income Taxes - Deferre

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Apr. 30, 2018
Deferred income tax liabilities related to:
Finance receivables	$ 19,254	$ 17,764
Goodwill	76	61
Total	19,330	17,825
Deferred income tax assets related to:
Accrued liabilities	1,638	1,894
Inventory	127	120
Share based compensation	2,186	2,144
Property and equipment	76	82
State net operating loss	29	69
Deferred revenue	1,015	958
Total	5,071	5,267
Deferred income tax liabilities, net	$ 14,259	$ 12,558

Note I - Capital Stock (Details

Note I - Capital Stock (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Issued, Total	0	0
Subsidiaries [Member]
Preferred Stock, Par or Stated Value Per Share	$ 1
Preferred Stock, Shares Issued, Total	500,000
Preferred Stock, Dividend Rate, Percentage	8.00%
Preferred Stock Right of Shareholder, Amount of Shares	400,000
Preferred Stock, Right to Shareholder Value of Redeemed Stock	$ 400,000

Note J - Weighted Average Sha_3

Note J - Weighted Average Shares Outstanding - Weighted Average Shares of Common Stock Outstanding (Details) - shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Weighted average shares outstanding-basic (in shares)	6,810,879	7,232,014	7,854,238
Dilutive options and restricted stock (in shares)	260,889	209,344	256,539
Weighted average shares outstanding-diluted (in shares)	7,071,768	7,441,358	8,110,777
Share-based Payment Arrangement, Option [Member]
Antidilutive securities not included:
Antidilutive securities (in shares)	60,000	229,000	359,250

Note K - Stock-based Compensa_3

Note K - Stock-based Compensation Plans (Details Textual) - USD ($)	Aug. 29, 2018	Aug. 05, 2015	Apr. 30, 2019	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017	Aug. 04, 2015
Share-based Payment Arrangement, Expense				$ 3,700,000	$ 1,600,000	$ 1,300,000
Share-based Payment Arrangement, Expense, after Tax				2,800,000	1,100,000	$ 811,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 29,900,000	$ 29,900,000	$ 10,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				145,000	25,000	45,000
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements				108,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Reduction in Shares Issued to Satisfy the Exercise Price and Applicable Withholding Taxes				48,380
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements, Net of Shares to Satisfy the Exercise Price and Applicable Withholding Taxes				60,370
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number			137,000	137,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value			$ 8,500,000	$ 8,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term				3 years 182 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price			$ 36.78	$ 36.78
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				5 years
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense				$ 2,700,000	$ 1,200,000	$ 1,200,000
Share-based Payment Arrangement, Expense, after Tax				$ 2,000,000	773,000	728,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				145,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value				$ 3,000,000	336,000	461,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 3,000,000	$ 3,000,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition				1 year 328 days
Performance Shares [Member]
Share-based Payment Arrangement, Expense			$ 823,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares, Ending Balance			61,000	61,000
Restated Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	200,000	300,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	2,000,000	1,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			298,500	298,500
Restated Option Plan [Member] | Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Stock Incentive Plan [Member]
Share-based Payment Arrangement, Expense				$ 1,000,000	430,000	107,000
Share-based Payment Arrangement, Expense, after Tax				760,000	288,000	67,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		450,000					350,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 6,700,000	$ 6,700,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition				7 years 73 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value				$ 8,300,000	$ 8,200,000	$ 763,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				3,000	166,500	10,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 53.30	$ 45.86	$ 39.14
Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				3,000		10,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value				$ 53.30		$ 39.14
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			105,527	105,527
Stock Incentive Plan [Member] | First Issuance of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					132,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 48.70
Stock Incentive Plan [Member] | Second Issuance of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					34,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 35

Note K - Stock-based Compensa_4

Note K - Stock-based Compensation Plans - Stock Option Plan Comparison (Details) - Restated Option Plan [Member]	12 Months Ended
	Apr. 30, 2019shares
Minimum exercise price as a percentage of fair market value at date of grant	100.00%
Last expiration date for outstanding options	May 8, 2028
Shares available for grant (in shares)	298,500

Note K - Stock-based Compensa_5

Note K - Stock-based Compensation Plans - Options Valuation Assumptions (Details)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Expected terms (years) (Year)	5 years 182 days	5 years 182 days	5 years 182 days
Risk-free interest rate	2.79%	1.81%	1.47%
Volatility	36.00%	36.00%	36.00%
Dividend yield

Note K - Stock-based Compensa_6

Note K - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2016
Number of Shares (in shares)	695,500	1,028,500	1,278,250
Proceeds on Exercise	$ 26,087	$ 26,683	$ 34,084	$ 39,081
Weighted Average Exercise Price (in dollars per share)	$ 30.50	$ 33.51	$ 30.57
Number of Shares, Granted (in shares)	145,000	25,000	45,000
Exercise Price, Granted (in dollars per share)	$ 54.58	$ 37.30	$ 28.90
Proceeds on Exercise, Granted	$ 7,915	$ 933	$ 1,301
Number of Shares, Exercised (in shares)	(275,000)	(323,000)	(264,500)
Exercise Price, Exercised (in dollars per share)	$ 30.95	$ 20.72	$ 17.92
Proceeds on Exercise, Exercised	$ (8,511)	$ (6,692)	$ (4,739)
Number of Shares, Cancelled (in shares)		(20,000)	(30,250)
Exercise Price, Cancelled (in dollars per share)		$ 46.61	$ 51.55
Proceeds on Exercise, Cancelled		$ (932)	$ (1,559)
Number of Shares, Expired (in shares)		(15,000)
Exercise Price, Expired (in dollars per share)		$ 47.26
Proceeds on Exercise, Expired		$ (710)
Number of Shares (in shares)	565,500	695,500	1,028,500	1,278,250
Weighted Average Exercise Price (in dollars per share)	$ 46.13	$ 30.50	$ 33.51	$ 30.57
Minimum [Member]
Exercise Price, Granted (in dollars per share)	53.30		26.42
Exercise Price, Exercised (in dollars per share)	18.86	11.90	11.90
Exercise Price, Cancelled (in dollars per share)		41.86	41.86
Exercise Price, Expired (in dollars per share)		44.52
Maximum [Member]
Exercise Price, Granted (in dollars per share)	54.85		34.09
Exercise Price, Exercised (in dollars per share)	$ 53.30	37.94	28.13
Exercise Price, Cancelled (in dollars per share)		53.02	$ 53.02
Exercise Price, Expired (in dollars per share)		$ 51.81

Note K - Stock-based Compensa_7

Note K - Stock-based Compensation Plans - Options Exercised (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Options Exercised (in shares)	275,000	323,000	264,500
Cash Received from Options Exercised	$ 5,663	$ 2,832	$ 2,609
Intrinsic Value of Options Exercised	$ 10,817	$ 8,381	$ 6,439

Note K - Stock-based Compensa_8

Note K - Stock-based Compensation Plans - Stock Incentive Plan (Details) - Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Unvested shares (in shares)	179,000	17,000	9,500
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 45.96	$ 44.86	$ 52.10
Shares granted (in shares)	3,000	166,500	10,000
Shares granted, weighted average grant date fair value (in dollars per share)	$ 53.30	$ 45.86	$ 39.14
Shares vested (in shares)			0
Shares vested, weighted average grant date fair value (in dollars per share)
Shares cancelled (in shares)	(1,500)	(4,500)	(2,500)
Shares cancelled, weighted average grant date fair value (in dollars per share)	$ 36.38	$ 38.28	$ 49.51
Unvested shares (in shares)	180,500	179,000	17,000
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 46.16	$ 45.96	$ 44.86

Note L - Commitments and Cont_3

Note L - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Letters of Credit Outstanding, Amount	$ 250,000
Operating Leases, Future Minimum Payments Due, Total	48,073,000
Operating Leases, Rent Expense, Total	6,700,000	$ 6,200,000	$ 6,200,000
Non-cancelable [Member]
Operating Leases, Future Minimum Payments Due, Total	1,500,000
Reasonably Assured [Member]
Operating Leases, Future Minimum Payments Due, Total	46,600,000
Owned or Controlled by One Preferred Shareholder [Member]
Operating Leases, Future Minimum Payments Due, Total	$ 13,200,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract	3 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract	5 years

Note L - Commitments and Cont_4

Note L - Commitments and Contingencies - Future Lease Obligations (Details) $ in Thousands	Apr. 30, 2019USD ($)
2020	$ 6,681
2021	6,323
2022	6,059
2023	5,991
2024	5,403
Thereafter	17,616
Total	$ 48,073

Note M - Supplemental Cash Fl_3

Note M - Supplemental Cash Flow Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Supplemental disclosures:
Interest paid	$ 7,259	$ 5,599	$ 4,069
Income taxes paid, net	11,022	11,092	8,435
Non-cash transactions:
Inventory acquired in repossession and payment protection plan claims	51,514	42,274	42,743
Purchase of property and equipment using the issuance of debt		1,151
Loss accrued on disposal of property and equipment	29		797
Net settlement option exercises	$ 2,848	$ 3,859	$ 2,130

Note N - Quarterly Results of_3

Note N - Quarterly Results of Operations (Unaudited) - Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2017
Revenues	$ 176,882	$ 161,054	$ 167,171	$ 164,015	$ 169,451	$ 147,214	$ 149,118	$ 146,418	$ 669,122	$ 612,201	$ 587,751
Gross profit	63,569	58,063	61,045	59,933	61,168	53,215	54,804	53,068	242,610	222,255
Net income	14,565	10,895	11,281	10,884	10,169	13,379	5,969	6,992	47,625	36,509
Net income attributable to common stockholders	$ 14,555	$ 10,885	$ 11,271	$ 10,874	$ 10,159	$ 13,369	$ 5,959	$ 6,982	$ 47,585	$ 36,469	$ 20,165
Basic (in dollars per share)	$ 2.17	$ 1.61	$ 1.64	$ 1.57	$ 1.47	$ 1.88	$ 0.82	$ 0.92	$ 6.99	$ 5.04	$ 2.57
Diluted (in dollars per share)	$ 2.07	$ 1.55	$ 1.58	$ 1.53	$ 1.43	$ 1.82	$ 0.79	$ 0.90	$ 6.73	$ 4.90	$ 2.49