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NONCONTROLLING INTERESTS | 12 Months Ended
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Apr. 30, 2014
NONCONTROLLING INTERESTS [Abstract] |
NONCONTROLLING INTERESTS | NOTE 6 • NONCONTROLLING INTERESTS Interests in the Operating Partnership held by limited partners are represented by Units. The Operating Partnership's income is allocated to holders of Units based upon the ratio of their holdings to the total Units outstanding during the period. Capital contributions, distributions, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the Operating Partnership agreement. IRET reflects noncontrolling interests in consolidated real estate entities on the balance sheet for the portion of properties consolidated by IRET that are not wholly owned by IRET. The earnings or losses from these properties attributable to the noncontrolling interests are reflected as net income attributable to noncontrolling interests – consolidated real estate entities in the Consolidated Statements of Operations. The Company's noncontrolling interests – consolidated real estate entities at April 30, 2014 and 2013 were as follows:
| (in thousands)
| April 30, 2014 | April 30, 2013
Mendota Properties LLC | $ | 7,333 | $ | 7,236
IRET-1715 YDR, LLC |  | 0 |  | 1,003
IRET-Williston Garden Apartments, LLC |  | 2,804 |  | 2,597
IRET - Jamestown Medical Building, LLC |  | 1,219 |  | 1,396
WRH Holding, LLC |  | 1,206 |  | 1,118
IRET-Cypress Court Apartments, LLC |  | 1,127 |  | 1,149
IRET - WRH 1, LLC |  | 5,672 |  | 5,619
IRET-RED 20, LLC |  | 3,277 |  | 0
Noncontrolling interests – consolidated real estate entities | $ | 22,638 | $ | 20,118

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 + Details
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- Details
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