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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Jul. 31, 2013	Sep. 09, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	FREQUENCY ELECTRONICS INC
Document Type	10-Q
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding		8,513,673
Amendment Flag	false
Entity Central Index Key	0000039020
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jul. 31, 2013
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Current assets:
Cash and cash equivalents	$ 4,149	$ 3,460
Marketable securities	16,823	18,270
Accounts receivable, net of allowance for doubtful accounts of $288 at July 31, 2013 and April 30, 2013	12,616	7,781
Costs and estimated earnings in excess of billings, net	6,263	8,617
Inventories	39,221	37,521
Deferred income taxes	3,360	3,170
Prepaid expenses and other	1,623	2,197
Total current assets	84,055	81,016
Property, plant and equipment, at cost, less accumulated depreciation and amortization	9,242	8,316
Deferred income taxes	6,320	6,320
Goodwill and other intangible assets	758	781
Cash surrender value of life insurance and cash held in trust	10,913	10,763
Other assets	1,695	1,713
Total assets	112,983	108,909
Current liabilities:
Short-term credit obligations	6	158
Accounts payable - trade	1,341	1,205
Accrued liabilities	8,038	7,964
Total current liabilities	9,385	9,327
Long term debt- noncurrent	9,200	6,000
Deferred compensation	10,448	10,374
Deferred rent and other liabilities	745	756
Total liabilities	29,778	26,457
Commitments and contingencies
Stockholders' equity:
Preferred stock - $1.00 par value
Common stock - $1.00 par value, issued 9,164 shares	9,164	9,164
Additional paid-in capital	52,202	51,913
Retained earnings	21,338	20,662
	82,704	81,739
Common stock reacquired and held in treasury - at cost (652 shares at July 31, 2013 and 701 shares at April 30, 2013)	(2,979)	(3,200)
Accumulated other comprehensive income	3,480	3,913
Total stockholders' equity	83,205	82,452
Total liabilities and stockholders' equity	$ 112,983	$ 108,909

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Allowance for doubtful accounts (in Dollars)	$ 288	$ 288
Preferred stock, par value (in Dollars per share)	$ 1.00	$ 1.00
Common stock par value (in Dollars per share)	$ 1.00	$ 1.00
Common stock, shares issued (in Shares)	9,164	9,164
Treasury stock, shares (in Shares)	652	701

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Net revenues	$ 16,827	$ 16,685
Cost of revenues	10,561	10,704
Gross margin	6,266	5,981
Selling and administrative expenses	3,560	3,485
Research and development expense	1,743	1,415
Operating profit	963	1,081
Other income (expense):
Investment income	143	167
Interest expense	(59)	(56)
Other income, net	9	6
Income before provision for income taxes	1,056	1,198
Provision for income taxes	380	430
Net income	$ 676	$ 768
Net income per common share:
Basic (in Dollars per share)	$ 0.08	$ 0.09
Diluted (in Dollars per share)	$ 0.08	$ 0.09
Average shares outstanding:
Basic (in Shares)	8,489,901	8,378,247
Diluted (in Shares)	8,726,323	8,544,052
Comprehensive Income
Net income	$ 676	$ 768
Other comprehensive income (loss):
Foreign currency translation adjustment	(158)	(594)
Change in market value of marketable securities	(464)	327
Deferred tax effect of change in marketable securities	189	(119)
Total other comprehensive (loss)	(433)	(386)
Comprehensive income	$ 243	$ 382

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Cash flows from operating activities:
Net income	$ 676	$ 768
Non-cash charges to earnings, net	1,270	1,250
Net changes in operating assets and liabilities	(4,115)	(2,420)
Net cash used in operating activities	(2,169)	(402)
Cash flows from investing activities:
Purchase of marketable securities	(39)	(717)
Proceeds on redemption of marketable securities	1,000	2,000
Purchase of fixed assets	(1,456)	(332)
Net cash (used in) provided by investing activities	(495)	951
Cash flows from financing activities:
Borrowings from long-term credit facility	3,200	0
Proceeds from exercise of stock options	0	20
Tax benefit from exercise of stock-based compensation	134	0
Payment of lease obligations	(10)	(107)
Net cash provided by (used in) financing activities	3,324	(87)
Net increase in cash and cash equivalents before effect of exchange rate changes	660	462
Effect of exchange rate changes on cash and cash equivalents	29	217
Net increase in cash and cash equivalents	689	679
Cash and cash equivalents at beginning of period	3,460	4,782
Cash and cash equivalents at end of period	4,149	5,461
Cash paid during the period for:
Interest	52	46
Income Taxes	$ 2	$ 150

NOTE A - CONSOLIDATED FINANCIAL STATEMENTS	3 Months Ended
NOTE A - CONSOLIDATED FINANCIAL STATEMENTS	Jul. 31, 2013
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE A – CONSOLIDATED FINANCIAL STATEMENTS In the opinion of management of Frequency Electronics, Inc. (“the Company”), the accompanying unaudited condensed consolidated interim financial statements reflect all adjustments (which include only normal recurring adjustments) necessary to present fairly, in all material respects, the consolidated financial position of the Company as of July 31, 2013 and the results of its operations and cash flows for the three months ended July 31, 2013 and 2012. The April 30, 2013 condensed consolidated balance sheet was derived from audited financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended April 30, 2013. The results of operations for such interim periods are not necessarily indicative of the operating results for the full fiscal year.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

NOTE B - EARNINGS PER SHARE

3 Months Ended

Jul. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE B – EARNINGS PER SHARE

Reconciliation of the weighted average shares outstanding for basic and diluted Earnings Per Share are as follows:

	Three months ended July 31,
	2013		2012
Basic EPS Shares outstanding (weighted average)		8,489,901		8,378,247
Effect of Dilutive Securities		236,422		165,805
Diluted EPS Shares outstanding		8,726,323		8,544,052

The computation of diluted earnings per share excludes those options and stock appreciation rights (“SARS”) with an exercise price in excess of the average market price of the Company’s common shares during the periods presented. The inclusion of such options and SARS in the computation of earnings per share would have been antidilutive. The number of excluded options and SARS for the three months ended July 31, 2013 and 2012 were 293,375 and 746,375, respectively.

NOTE C - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET

3 Months Ended

Jul. 31, 2013

Contractors [Abstract]

Long-term Contracts or Programs Disclosure [Text Block]

NOTE C – COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET

At July 31, 2013 and April 30, 2013, costs and estimated earnings in excess of billings, net, consist of the following:

	July 31, 2013			April 30, 2013
	(In thousands)
Costs and estimated earnings in excess of billings	$	10,343		$	10,228
Billings in excess of costs and estimated earnings		(4,080	)		(1,611	)
Net asset	$	6,263		$	8,617

Such amounts represent revenue recognized on long-term contracts that had not been billed at the balance sheet dates or represent a liability for amounts billed in excess of the revenue recognized. Amounts are billed to customers pursuant to contract terms, whereas the related revenue is recognized on the percentage of completion basis at the measurement date. In general, the recorded amounts will be billed and collected or revenue recognized within twelve months of the balance sheet date. Revenue on these long-term contracts is accounted for on the percentage of completion basis. During the three months ended July 31, 2013 and 2012, revenue recognized under percentage of completion contracts was approximately $9.7 million and $8.6 million, respectively.

NOTE D - TREASURY STOCK TRANSACTIONS	3 Months Ended
NOTE D - TREASURY STOCK TRANSACTIONS	Jul. 31, 2013
Disclosure Text Block Supplement [Abstract]
Treasury Stock [Text Block]	NOTE D – TREASURY STOCK TRANSACTIONS During the three month period ended July 31, 2013, the Company made a contribution of 11,586 shares of its common stock held in treasury to the Company’s profit sharing plan and trust under section 401(k) of the Internal Revenue Code. Such contributions are in accordance with the Company’s discretionary match of employee voluntary contributions to this plan. During the same period, the Company issued 37,472 shares from treasury upon the exercise of stock options and SARs by certain officers and employees of the Company.

NOTE E - INVENTORIES

3 Months Ended

Jul. 31, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE E – INVENTORIES

Inventories, which are reported at the lower of cost or market, consist of the following:

	July 31, 2013		April 30, 2013
	(In thousands)

Raw Materials and Component Parts	$	22,724	$	21,066
Work in Progress		13,379		13,665
Finished Goods		3,118		2,790
	$	39,221	$	37,521

As of July 31, 2013 and April 30, 2013, approximately $31.5 million and $29.9 million, respectively, of total inventory is located in the United States, approximately $7.0 million and $6.9 million, respectively, is located in Belgium and $0.7 million and $0.7 million, respectively, is located in China.

NOTE F - SEGMENT INFORMATION

3 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE F – SEGMENT INFORMATION

The Company operates under three reportable segments based on the geographic locations of its subsidiaries:

(1) FEI-NY – operates out of New York and its operations consist principally of precision time and frequency control products used in three principal markets- communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations and other components and systems for the U.S. military.

(2) Gillam-FEI - operates out of Belgium and France and primarily sells wireline synchronization and network management systems in non-U.S. markets. All sales from Gillam-FEI to the United States are to other segments of the Company.

(3) FEI-Zyfer – operates out of California and its products incorporate Global Positioning System (GPS) technologies into systems and subsystems for secure communications, both government and commercial, and other locator applications. This segment also provides sales and support for the Company’s wireline telecommunications family of products, including US5G, which are sold in the United States market.

The FEI-NY segment also includes the operations of the Company’s wholly-owned subsidiaries, FEI-Elcom Tech (“FEI-Elcom”) and FEI-Asia. FEI-Asia functions primarily as a manufacturing facility for the Company’s commercial product subsidiaries with minimal sales to outside customers. FEI-Elcom, in addition to its own product line, provides design and technical support for the FEI-NY segment’s satellite business.

The Company’s chief executive officer measures segment performance based on total revenues and profits generated by each geographic location rather than on the specific types of customers or end- users. Consequently, the Company determined that the segments indicated above most appropriately reflect the way the Company’s management views the business.

The tables below presents information about reported segments with reconciliation of segment amounts to consolidated amounts as reported in the statement of operations or the balance sheet for each of the periods (in thousands):

	Three months ended July 31,
	2013			2012
Net revenues:
FEI-NY	$	13,174		$	11,848
Gillam-FEI		2,695			1,908
FEI-Zyfer		1,988			3,357
less intercompany revenues		(1,030	)		(428	)
Consolidated revenues	$	16,827		$	16,685

	Three months ended July 31,
	2013			2012
Operating profit (loss):
FEI-NY	$	1,176		$	1,122
Gillam-FEI		56			(116	)
FEI-Zyfer		(200	)		140
Corporate		(69	)		(65	)
Consolidated operating profit	$	963		$	1,081

	July 31, 2013			April 30, 2013
Identifiable assets:
FEI-NY (approximately $3 million in China)	$	60,218		$	55,508
Gillam-FEI (all in Belgium or France)		18,720			18,071
FEI-Zyfer		11,167			10,418
less intersegment balances		(20,399	)		(18,903	)
Corporate		43,277			43,815
Consolidated identifiable assets	$	112,983		$	108,909

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

NOTE G - INVESTMENT IN MORION, INC.	3 Months Ended
NOTE G - INVESTMENT IN MORION, INC.	Jul. 31, 2013
Investment Holdings [Abstract]
Investment Holdings [Text Block]	NOTE G – INVESTMENT IN MORION, INC. The Company has an investment in Morion, Inc., (“Morion”) a privately-held Russian company, which manufactures high precision quartz resonators and crystal oscillators. The Company’s investment consists of 4.6% of Morion’s outstanding shares, accordingly, the Company accounts for its investment in Morion on the cost basis. This investment is included in other assets in the accompanying balance sheets. During the three months ended July 31, 2013 and 2012, the Company acquired product from Morion in the aggregate amount of approximately $30,000 and $12,000, respectively, and the Company sold product to Morion in the aggregate amount of approximately $142,000 and $30,000, respectively. At July 31, 2013 and April 30, 2013, accounts receivable included $121,000 and $144,000, respectively, due from Morion and $23,000 and $8,000, respectively, was payable to Morion. On October 22, 2012, the Company entered into an agreement to license its rubidium oscillator production technology to Morion. The agreement requires the Company to sell certain fully-depreciated production equipment currently owned by the Company and to provide training to Morion employees to enable Morion to produce a minimum of 5,000 rubidium oscillators per year. Morion will pay the Company approximately $2.7 million for the license and the equipment plus 5% royalties on third party sales for a 5-year period following an initial production run. During the same 5-year period, the Company commits to purchase from Morion a minimum of approximately $400,000 worth of rubidium oscillators per year although Morion is not obligated to sell that amount to the Company. In November 2012, Morion paid the Company a $925,000 deposit under this agreement. This amount is considered deferred revenue and is included in accrued liabilities on the accompanying consolidated balance sheet. The United States Department of State has approved the technology transfer which is expected to be completed within a year from the date of the agreement.

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS

3 Months Ended

Jul. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE H – FAIR VALUE OF FINANCIAL INSTRUMENTS

The cost, gross unrealized gains, gross unrealized losses and fair market value of available-for-sale securities at July 31, 2013 and April 30, 2013 are as follows (in thousands):

	July 31, 2013
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Fixed income securities	$	9,263	$	196	$	(40	)	$	9,419
Equity securities		6,529		1,026		(151	)		7,404
	$	15,792	$	1,222	$	(191	)	$	16,823

	April 30, 2013
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Fixed income securities	$	10,285	$	297	$	0		$	10,582
Equity securities		6,490		1,266		(68	)		7,688
	$	16,775	$	1,563	$	(68	)	$	18,270

The following table presents the fair value and unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

	Less than 12 months					12 Months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
July 31, 2013
Fixed Income Securities	$	443	$	(40	)	$	-	$	-		$	443	$	(40	)
Equity Securities		1,915		(59	)		358		(92	)		2,273		(151	)
	$	2,358	$	(99	)	$	358	$	(92	)	$	2,716	$	(191	)

April 30, 2013
Fixed Income Securities	$	-	$	-	$	-	$	-		$	-	$	-
Equity Securities		-		-		512		(68	)		512		(68	)
	$	-	$	-	$	512	$	(68	)	$	512	$	(68	)

The Company regularly reviews its investment portfolio to identify and evaluate investments that have indications of possible impairment. The Company does not believe that its investments in marketable securities with unrealized losses at July 31, 2013 are other-than-temporary due to market volatility of the security’s fair value, analysts’ expectations and the Company’s ability to hold the securities for a period of time sufficient to allow for any anticipated recoveries in market value.

During the three months ended July 31, 2013 and 2012, the Company redeemed available-for-sale securities in the amounts of $1.0 million and $2.0 million, respectively, realizing no gain in either fiscal year.

Maturities of fixed income securities classified as available-for-sale at July 31, 2013 are as follows, at cost (in thousands):

Current	$	2,504
Due after one year through five years		5,956
Due after five years through ten years		803
	$	9,263

The fair value accounting framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1 Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access.

Level 2 Inputs to the valuation methodology include:

- Quoted prices for similar assets or liabilities in active markets;

- Quoted prices for identical or similar assets or liabilities in inactive markets

- Inputs other than quoted prices that are observable for the asset or liability;

- Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. All of the Company’s investments in marketable securities are valued on a Level 1 basis.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

NOTE I - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	3 Months Ended
NOTE I - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	Jul. 31, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE I – RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In July 2012, the FASB issued ASU No. 2012-02, Intangibles – Goodwill and Other (Topic 350): Test Indefinite-Lived Intangible Assets for Impairment. Under the requirements of ASU 2012-02 an entity has the option to assess qualitative factors when testing indefinite-lived intangible assets annually to determine whether it is more likely than not that the asset is not impaired. An entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test or resume performing the qualitative assessment in any subsequent period. If, after assessing the totality of events and circumstances, an entity concludes that it is more likely than not that the indefinite-lived intangible asset is impaired, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Subtopic 350-30. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company will adopt ASU 2012-02 for its fiscal year 2014 which began on May 1, 2013. The Company is unable to determine the impact of such adoption until it performs the annual test for impairment in the fourth quarter of the current fiscal year. In February 2013, the FASB issued Accounting Standard Update No. 2013-02, Other Comprehensive Income. The amendment requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide additional detail about those amounts. This ASU is effective for periods beginning after December 15, 2012. The Company has adopted ASU 2013-02 but does not expect it to have a material effect on its financial statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

NOTE J - CREDIT FACILITY	3 Months Ended
NOTE J - CREDIT FACILITY	Jul. 31, 2013
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE J – CREDIT FACILITY On June 6, 2013, the Company obtained a credit facility (the “Facility”) from JPMorgan Chase Bank, N.A. (“JPMorgan”) pursuant to a credit agreement (the “Credit Agreement”) between the Company and JPMorgan. The maximum aggregate amount of the Facility is $25.0 million, of which the Company immediately borrowed $7.2 million, using the proceeds to repay the outstanding balance under the $9.3 million line of credit with another financial institution which formerly managed a substantial portion of the Company’s investment portfolio. As a result of this refinancing of short-term credit with a long-term obligation, as of April 30, 2013, the Company reclassified the $6.0 million balance payable under the replaced line of credit to long-term debt. Proceeds from the Facility will be used for working capital and to finance acquisitions. During the three-month period ended July 31, 2013, the Company borrowed an additional $2.0 million under the Facility. The additional borrowings were used for working capital and to finance the acquisition of certain fixed assets. The Company may make borrowings under the Facility from either Tranche A or Tranche B or a combination of both, not to exceed $25.0 million. Pursuant to the Credit Agreement, the amount of Tranche A borrowings may not exceed the value of the Pledged Investments (as defined in the Credit Agreement). The amount of Tranche B borrowings may not exceed the lesser of (i) $15.0 million and (ii) the Borrowing Base (as defined in the Credit Agreement). Current outstanding borrowings under the Facility are all under Tranche A. The Facility is fully guaranteed by certain of the Company’s subsidiaries and is secured by, among other things, a pledge of substantially all personal property of the Company and certain of the Company’s subsidiaries. Borrowings under the Facility are evidenced by a line of credit note (the “Note”) and bear interest, payable monthly, at a rate equal to the LIBOR Rate, as determined from time to time by JPMorgan pursuant to the terms of the Note, plus a margin of 0.75% for Tranche A borrowings and 1.75% for Tranche B borrowings. The principal balance on the Note, along with any accrued and unpaid interest, is due and payable no later than June 5, 2018, which is the maturity date of the Facility. In addition, the Company is required to pay JPMorgan fees equal to 0.1% per annum on any unused portion of the Facility. The Credit Agreement contains a number of affirmative and negative covenants, including limitations on the incurrence of additional debt, liens on property, acquisitions, loans and guarantees, mergers, consolidations, liquidations and dissolutions, asset sales, and distributions and other payments in respect of the Company’s capital stock. The Credit Agreement also contains certain events of default customary for credit facilities of this type, including nonpayment of principal or interest when due, material incorrectness of representations and warranties when made, breach of covenants, bankruptcy and insolvency, unstayed material judgment beyond specified periods, and acceleration or payment default of other material indebtedness. The Credit Agreement requires the Company to maintain, as of the end of each fiscal quarter, a funded debt to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) ratio and an interest charge coverage ratio. The calculation of both ratios is defined in the Credit Agreement. For the period ended July 31, 2013, the Company met the required covenants.

NOTE K - INCOME TAXES	3 Months Ended
NOTE K - INCOME TAXES	Jul. 31, 2013
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE K – INCOME TAXES In prior fiscal years, the Company reduced the valuation allowance on the deferred tax assets of its U.S. subsidiaries. Consequently, for the three months ended July 31, 2013 and 2012, the Company recorded provisions for income taxes based on both current taxes due in the United States as well as the tax provision or benefit to be realized from temporary tax differences. As of July 31, 2013 and April 30, 2013, the remaining deferred tax asset valuation allowance is approximately $1.9 million and is primarily related to deferred tax assets of the Company’s non-U.S.-based subsidiaries.

NOTE B - EARNINGS PER SHARE (Tables)

3 Months Ended

Jul. 31, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Reconciliation of the weighted average shares outstanding for basic and diluted Earnings Per Share are as follows:

	Three months ended July 31,
	2013		2012
Basic EPS Shares outstanding (weighted average)		8,489,901		8,378,247
Effect of Dilutive Securities		236,422		165,805
Diluted EPS Shares outstanding		8,726,323		8,544,052

NOTE C - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET (Tables)

3 Months Ended

Jul. 31, 2013

Contractors [Abstract]

Costs and Estimated Earnings in Excess of Billings, Net [Table Text Block]

At July 31, 2013 and April 30, 2013, costs and estimated earnings in excess of billings, net, consist of the following:

	July 31, 2013			April 30, 2013
	(In thousands)
Costs and estimated earnings in excess of billings	$	10,343		$	10,228
Billings in excess of costs and estimated earnings		(4,080	)		(1,611	)
Net asset	$	6,263		$	8,617

NOTE E - INVENTORIES (Tables)

3 Months Ended

Jul. 31, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories, which are reported at the lower of cost or market, consist of the following:

	July 31, 2013		April 30, 2013
	(In thousands)

Raw Materials and Component Parts	$	22,724	$	21,066
Work in Progress		13,379		13,665
Finished Goods		3,118		2,790
	$	39,221	$	37,521

NOTE F - SEGMENT INFORMATION (Tables)

3 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

	Three months ended July 31,
	2013			2012
Net revenues:
FEI-NY	$	13,174		$	11,848
Gillam-FEI		2,695			1,908
FEI-Zyfer		1,988			3,357
less intercompany revenues		(1,030	)		(428	)
Consolidated revenues	$	16,827		$	16,685

	Three months ended July 31,
	2013			2012
Operating profit (loss):
FEI-NY	$	1,176		$	1,122
Gillam-FEI		56			(116	)
FEI-Zyfer		(200	)		140
Corporate		(69	)		(65	)
Consolidated operating profit	$	963		$	1,081

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	July 31, 2013			April 30, 2013
Identifiable assets:
FEI-NY (approximately $3 million in China)	$	60,218		$	55,508
Gillam-FEI (all in Belgium or France)		18,720			18,071
FEI-Zyfer		11,167			10,418
less intersegment balances		(20,399	)		(18,903	)
Corporate		43,277			43,815
Consolidated identifiable assets	$	112,983		$	108,909

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jul. 31, 2013

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The cost, gross unrealized gains, gross unrealized losses and fair market value of available-for-sale securities at July 31, 2013 and April 30, 2013 are as follows (in thousands):

	July 31, 2013
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Fixed income securities	$	9,263	$	196	$	(40	)	$	9,419
Equity securities		6,529		1,026		(151	)		7,404
	$	15,792	$	1,222	$	(191	)	$	16,823

	April 30, 2013
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Market Value
Fixed income securities	$	10,285	$	297	$	0		$	10,582
Equity securities		6,490		1,266		(68	)		7,688
	$	16,775	$	1,563	$	(68	)	$	18,270

Unrealized Gain (Loss) on Investments [Table Text Block]

	Less than 12 months					12 Months or more					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
July 31, 2013
Fixed Income Securities	$	443	$	(40	)	$	-	$	-		$	443	$	(40	)
Equity Securities		1,915		(59	)		358		(92	)		2,273		(151	)
	$	2,358	$	(99	)	$	358	$	(92	)	$	2,716	$	(191	)

April 30, 2013
Fixed Income Securities	$	-	$	-	$	-	$	-		$	-	$	-
Equity Securities		-		-		512		(68	)		512		(68	)
	$	-	$	-	$	512	$	(68	)	$	512	$	(68	)

Fair Value, by Balance Sheet Grouping [Table Text Block]

Maturities of fixed income securities classified as available-for-sale at July 31, 2013 are as follows, at cost (in thousands):

Current	$	2,504
Due after one year through five years		5,956
Due after five years through ten years		803
	$	9,263

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details

NOTE B - EARNINGS PER SHARE (Details) - shares	3 Months Ended
NOTE B - EARNINGS PER SHARE (Details) - shares	Jul. 31, 2013	Jul. 31, 2012
Equity Option [Member]
NOTE B - EARNINGS PER SHARE (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	293,375	746,375

NOTE B - EARNINGS PER SHARE (Details) - Schedule of Earnings Per Share, Basic and Diluted - shares	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Schedule of Earnings Per Share, Basic and Diluted [Abstract]
Basic EPS Shares outstanding (weighted average)	8,489,901	8,378,247
Effect of Dilutive Securities	236,422	165,805
Diluted EPS Shares outstanding	8,726,323	8,544,052

NOTE C - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Contracts Accounted for under Percentage of Completion [Member]
NOTE C - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET (Details) [Line Items]
Revenues	$ 9,700	$ 8,600
Revenues	$ 16,827	$ 16,685

NOTE C - COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS, NET (Details) - Costs and Estimated Earnings in Excess of Billings, Net - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Costs and Estimated Earnings in Excess of Billings, Net [Abstract]
Costs and estimated earnings in excess of billings	$ 10,343	$ 10,228
Billings in excess of costs and estimated earnings	(4,080)	(1,611)
Net asset	$ 6,263	$ 8,617

NOTE D - TREASURY STOCK TRANSACTIONS (Details)	3 Months Ended
NOTE D - TREASURY STOCK TRANSACTIONS (Details)	Jul. 31, 2013 shares
Disclosure Text Block Supplement [Abstract]
Defined Contribution Plan Employer Discretionary Contribution, Shares	11,586
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	37,472

NOTE E - INVENTORIES (Details) - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
United States [Member]
NOTE E - INVENTORIES (Details) [Line Items]
Inventory, Net	$ 31,500	$ 29,900
Belgium [Member]
NOTE E - INVENTORIES (Details) [Line Items]
Inventory, Net	7,000	6,900
China [Member]
NOTE E - INVENTORIES (Details) [Line Items]
Inventory, Net	700	700
Inventory, Net	$ 39,221	$ 37,521

NOTE E - INVENTORIES (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Schedule of Inventory, Current [Abstract]
Raw Materials and Component Parts	$ 22,724	$ 21,066
Work in Progress	13,379	13,665
Finished Goods	3,118	2,790
	$ 39,221	$ 37,521

NOTE F - SEGMENT INFORMATION (Details)	3 Months Ended
NOTE F - SEGMENT INFORMATION (Details)	Jul. 31, 2013
Frequency Electronics Inc New York [Member]
NOTE F - SEGMENT INFORMATION (Details) [Line Items]
Number Of Principal Markets	3
Number of Reportable Segments	3

NOTE F - SEGMENT INFORMATION (Details) - Reconciliation of Operating Profit (Loss) from Segments to Consolidated - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Frequency Electronics Inc New York [Member]
Net revenues:
Revenues	$ 13,174	$ 11,848
Operating profit (loss):
Operating profit (loss)	1,176	1,122
Gillam Frequency Electronics Inc [Member]
Net revenues:
Revenues	2,695	1,908
Operating profit (loss):
Operating profit (loss)	56	(116)
Frequency Electronics Inc Zyfer [Member]
Net revenues:
Revenues	1,988	3,357
Operating profit (loss):
Operating profit (loss)	(200)	140
Inter Segment [Member]
Net revenues:
Revenues	(1,030)	(428)
Corporate Segment [Member]
Operating profit (loss):
Operating profit (loss)	(69)	(65)
Revenues	16,827	16,685
Operating profit (loss)	$ 963	$ 1,081

NOTE F - SEGMENT INFORMATION (Details) - Reconciliation of Assets from Segment to Consolidate - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Frequency Electronics Inc New York [Member]
Identifiable assets:
Identifiable assets:	$ 60,218	$ 55,508
Gillam Frequency Electronics Inc [Member]
Identifiable assets:
Identifiable assets:	18,720	18,071
Frequency Electronics Inc Zyfer [Member]
Identifiable assets:
Identifiable assets:	11,167	10,418
Inter Segment [Member]
Identifiable assets:
Identifiable assets:	(20,399)	(18,903)
Corporate Segment [Member]
Identifiable assets:
Identifiable assets:	43,277	43,815
Identifiable assets:	$ 112,983	$ 108,909

NOTE F - SEGMENT INFORMATION (Details) - Reconciliation of Assets from Segment to Consolidate (Parentheticals) - USD ($) $ in Millions	Jul. 31, 2013	Apr. 30, 2013
Frequency Electronics Inc New York [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Identifiable assets in China (in Dollars)	$ 3	$ 3

NOTE G - INVESTMENT IN MORION, INC. (Details) - Morion Inc [Member] - USD ($)	3 Months Ended		12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012	Apr. 30, 2013
NOTE G - INVESTMENT IN MORION, INC. (Details) [Line Items]
Cost Method Investment Ownership Percentage	4.60%
Related Party Transaction, Purchases from Related Party	$ 30,000	$ 12,000
Revenue from Related Parties	142,000	$ 30,000
Due from Related Parties, Current	121,000		$ 144,000
Due to Related Parties, Current	$ 23,000		$ 8,000
Related Party Transaction, Terms and Manner of Settlement			The agreement requires the Company to sell certain fully-depreciated production equipment currently owned by the Company and to provide training to Morion employees to enable Morion to produce a minimum of 5,000 rubidium oscillators per year.
Related Party Transaction, Description of Transaction			$2.7 million for the license and the equipment plus 5% royalties on third party sales for a 5-year period following an initial production run.
Purchase Commitment, Remaining Minimum Amount Committed			$ 400,000
Proceeds from Deposits from Customers			$ 925,000

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sale and Maturity of Marketable Securities	$ 1,000	$ 2,000

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Available-for-sale Securities - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 31, 2013	Apr. 30, 2013
Fixed Income Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 9,263	$ 10,285
Gross Unrealized Gains	196	297
Gross Unrealized Losses	(40)	0
Fair Market Value	9,419	10,582
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	6,529	6,490
Gross Unrealized Gains	1,026	1,266
Gross Unrealized Losses	(151)	(68)
Fair Market Value	7,404	7,688
Cost	15,792	16,775
Gross Unrealized Gains	1,222	1,563
Gross Unrealized Losses	(191)	(68)
Fair Market Value	$ 16,823	$ 18,270

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Unrealized Gain (Loss) on Investments - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 31, 2013	Apr. 30, 2013
Fixed Income Securities [Member]
NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Fair Value, Less than 12 months	$ 443	$ 0
Unrealized Losses, Less than 12 months	(40)	0
Fair Value, More than 12 months	0	0
Unrealized Losses, More than 12 months	0	0
Fair Value	443	0
Unrealized Losses	(40)	0
Equity Securities [Member]
NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Fair Value, Less than 12 months	1,915	0
Unrealized Losses, Less than 12 months	(59)	0
Fair Value, More than 12 months	358	512
Unrealized Losses, More than 12 months	(92)	(68)
Fair Value	2,273	512
Unrealized Losses	(151)	(68)
Fair Value, Less than 12 months	2,358	0
Unrealized Losses, Less than 12 months	(99)	0
Fair Value, More than 12 months	358	512
Unrealized Losses, More than 12 months	(92)	(68)
Fair Value	2,716	512
Unrealized Losses	$ (191)	$ (68)

NOTE H - FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - Fair Value, by Balance Sheet Grouping - USD ($) $ in Thousands	Jul. 31, 2013	Apr. 30, 2013
Fixed Income Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current	$ 2,504
Due after one year through five years	5,956
Due after five years through ten years	803
	9,263
Current	$ 16,823	$ 18,270

NOTE J - CREDIT FACILITY (Details) - USD ($) $ in Thousands	3 Months Ended
NOTE J - CREDIT FACILITY (Details) - USD ($) $ in Thousands	Jul. 31, 2013	Jul. 31, 2012
Line of Credit Borrowed on June 6, 2013 [Member] \| JP Morgan Chase Bank [Member]
NOTE J - CREDIT FACILITY (Details) [Line Items]
Proceeds from Lines of Credit (in Dollars)	$ 7,200
Line of Credit Additional Amount Borrowed During the Period [Member] \| JP Morgan Chase Bank [Member]
NOTE J - CREDIT FACILITY (Details) [Line Items]
Proceeds from Lines of Credit (in Dollars)	2,000
JP Morgan Chase Bank [Member]
NOTE J - CREDIT FACILITY (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 25,000
Line of Credit Facility, Borrowing Capacity, Description	Pursuant to the Credit Agreement, the amount of Tranche A borrowings may not exceed the value of the Pledged Investments (as defined in the Credit Agreement).The amount of Tranche B borrowings may not exceed the lesser of (i) $15.0 million and (ii) the Borrowing Base (as defined in the Credit Agreement).
Line of Credit Facility, Collateral	The Facility is fully guaranteed by certain of the Company's subsidiaries and is secured by, among other things, a pledge of substantially all personal property of the Company and certain of the Company's subsidiaries.
Line of Credit Facility, Interest Rate Description	rate equal to the LIBOR Rate, as determined from timetotimebyJPMorgan pursuant to the terms of the Note, plus a margin of 0.75% for Tranche A borrowings and 1.75% for Tranche B borrowings.
Debt Instrument, Maturity Date	Jun. 05, 2018
Line of Credit Facility, Commitment Fee Description	required to pay JPMorgan fees equal to 0.1% per annum on any unused portion of the Facility.
Former Financial Institution [Member]
NOTE J - CREDIT FACILITY (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 9,300
Proceeds from Lines of Credit (in Dollars)	3,200	$ 0
Long-term Debt (in Dollars)	$ 6,000

NOTE K - INCOME TAXES (Details) - USD ($) $ in Millions	Jul. 31, 2013	Apr. 30, 2013
Income Tax Disclosure [Abstract]
Deferred Tax Assets, Operating Loss Carryforwards, Domestic	$ 1.9	$ 1.9