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LINE OF CREDIT (Details) $ in Thousands | 12 Months Ended |
--- | --- | ---
Apr. 30, 2016 USD ($) property item | Apr. 30, 2015 USD ($)
Credit Facility [Abstract] |  |
Amount available | $ 100,000 |
Line of Credit [Member] | First International Bank & Trust [Member] |  |
Line of Credit Facility [Line Items] |  |
Number of securing line of credit | item | 1 |
Line of credit, minimum outstanding principal balance | $ 17,500 |
Debt instrument, description of variable rate basis | Prime Rate |
Debt instrument, basis spread on variable rate (in hundredths) | 1.25% |
Debt instrument, covenant description | The facility includes covenants and restrictions requiring us to achieve on a calendar quarter basis a debt service coverage ratio on borrowing base collateral of 1.25x in the aggregate and 1.00x on individual assets in the collateral pool, and we are also required to maintain minimum depository account(s) totaling $6.0 million with First International Bank, of which $1.5 million is to be held in a non-interest bearing account. |
Debt service coverage on individual assets | 1.25 |
Debt service coverage on individual assets | 1.00 |
Minimum deposit | $ 6,000 |
Non-interest bearing account | $ 1,500 |
Number of properties securing line of credit | property | 17 |
Line of credit facility, collateral cost | $ 162,100 |
Credit Facility [Abstract] |  |
Amount available | 100,000 |
Amount outstanding | $ 17,500 | $ 60,500
Interest rate (in hundredths) | 4.75% |
Maturity date | Sep. 01, 2017 |
Weighted average interest rate (in hundredths) | 4.75% |
Line of Credit [Member] | Interest Rate Floor [Member] | First International Bank & Trust [Member] |  |
Line of Credit Facility [Line Items] |  |
Debt instrument, interest rate (in hundredths) | 4.75% |
Line of Credit [Member] | Interest Rate Cap [Member] | First International Bank & Trust [Member] |  |
Line of Credit Facility [Line Items] |  |
Debt instrument, interest rate (in hundredths) | 8.65% |

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- Definition The minimum amount of deposit to be maintained. + References No definition available. + Details
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- Definition The number of properties used as security under the line of credit. + References No definition available. + Details
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- Definition The number of securing line of credit related amount under the credit facility as of the balance sheet date. + References No definition available. + Details
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- Definition Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
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- Definition Amount of the fees associated with providing collateral for the credit facility. + References No definition available. + Details
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- Definition The effective interest rate during the reporting period. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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