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Inventories
3 Months Ended
Jul. 31, 2017
Inventories [Abstract]  
Inventories
9.
Inventories
 
Inventories were as follows (in thousands):
 
 
As of July 31,
 
As of April 30,
 
2017
 
2016
 
2017
Finished goods
$39,859
 
$43,102
 
$38,329
Work-in-process
3,336
 
6,422
 
7,078
Paper and other materials
691
 
3,968
 
650
 
$43,886
 
$53,492
 
$46,057
Inventory value of estimated sales returns
7,013
 
6,179
 
4,727
LIFO reserve
(3,007)
 
(4,849)
 
(2,932)
Total inventories
$47,892
 
$54,822
 
$47,852
 
The decline in Paper and Other Materials from July 31, 2016 was driven by the Company outsourcing the majority of its paper inventory management to third party printers.