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Long-Term Debt
9 Months Ended
Jan. 31, 2015
Long-Term Debt

9. Long-Term Debt

As of January 31, 2015 and April 30, 2014, the Company had no borrowings under its long-term debt arrangements. At January 31, 2015 and April 30, 2014, there was $2.8 million of standby letters of credit issued under its long-term debt arrangements. The Company had a total of $1.3 million and $1.5 million of standby letters of credits with other financial institutions as of January 31, 2015 and April 30, 2014, respectively.