Summary of Significant Accounting Policies (Tables)

12 Months Ended

Apr. 30, 2013

Property, plant and equipment is recorded at cost, less accumulated depreciation and amortization. We provide for depreciation and amortization using the straight-line method by charges to operations in amounts that allocate the cost of the assets over their estimated useful lives as follows:


Asset Classification	Estimated Useful Life

Buildings		25-30 years

Machinery and equipment		5-10 years

Rolling stock		5-10 years

Containers		5-12 years

Furniture and Fixtures		3-8 years

Schedule of Investments in Unconsolidated Entities

The following table summarizes our equity and cost method investments as of April 30, 2013 and 2012:


	April 30,
	2013		2012
Equity method investments	$	3,766	$	6,795
Cost method investments		16,486		15,986

Investments in unconsolidated entities	$	20,252	$	22,781

Summarized Balance Sheet Financial Information of Investments in Unconsolidated Affiliates

Summarized financial information for GreenFiber is as follows:


	April 30, 2013		April 30, 2012
Current assets	$	16,644	$	17,513
Noncurrent assets	$	28,139	$	34,597
Current liabilities	$	19,247	$	12,815
Noncurrent liabilities	$	1,227	$	5,382

Summarized Income Statement Financial Information of Investments in Unconsolidated Affiliates

	Fiscal Year Ended April 30,
	2013		2012		2011
Revenue	$	67,062	$	77,544	$	84,903
Gross profit	$	12,502	$	10,521	$	14,025
Net loss	$	(8,810)	$	(20,003)	$	(8,192)

Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss for the fiscal years ended April 30, 2013 and 2012 are shown as follows:


	April 30, 2013						April 30, 2012
	Gross		Tax		Net		Gross		Tax		Net
Marketable securities	$	33	$	(6)	$	27	$	11	$	(6)	$	5
GreenFiber’s commodity hedges		(370)		(249)		(619)		661		(249)		412
Interest rate hedges		-		-		-		(2,369)		-		(2,369)

Accumulated other comprehensive loss	$	(337)	$	(255)	$	(592)	$	(1,697)	$	(255)	$	(1,952)