XML 30 R42.htm IDEA: XBRL DOCUMENT
v2.4.0.8

FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract] |
Fair Value Measurements on a Nonrecurring Basis | Non-financial assets measured at fair value on a nonrecurring basis at April 30, 2014 consisted of real estate investments and real estate held for sale that were written-down to estimated fair value during fiscal year 2014. Non-financial assets measured at fair value on a nonrecurring basis at April 30, 2013 consisted of real estate investments that were written-down to estimated fair value during fiscal year 2013. See Note 2 for additional information on impairment losses recognized during fiscal years 2014 and 2013. The aggregate fair value of these assets by their levels in the fair value hierarchy are as follows:
| (in thousands)
| April 30, 2014
| Total | Level 1 | Level 2 | Level 3
Real estate investments | $ | 89,537 | $ | 0 | $ | 0 | $ | 89,537
Real estate held for sale |  | 2,951 |  | 0 |  | 0 |  | 2,951
| (in thousands)
| April 30, 2013
| Total | Level 1 | Level 2 | Level 3
Real estate held for sale | $ | 335 | $ | 0 | $ | 0 | $ | 335
Estimated Fair Values of Financial Instruments | The estimated fair values of the Company's financial instruments as of April 30, 2014 and 2013 are as follows:
| (in thousands)
| 2014 | 2013
| Carrying Amount | Fair Value | Carrying Amount | Fair Value
FINANCIAL ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 47,267 |  | 47,267 |  | 94,133 |  | 94,133
Other investments |  | 329 |  | 329 |  | 639 |  | 639
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |
Other debt |  | 63,132 |  | 63,250 |  | 18,076 |  | 18,156
Lines of credit |  | 22,500 |  | 22,500 |  | 10,000 |  | 10,000
Mortgages payable |  | 997,689 |  | 1,130,262 |  | 1,049,206 |  | 1,160,190

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration