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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Oct. 31, 2016
EARNINGS PER SHARE [Abstract] |
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share |
|  | (in thousands, except per share data) |
|  | Three Months Ended |  | Six Months Ended |
|  | October 31, |  | October 31, |
|  | 2016 |  | 2015 |  | 2016 |  | 2015 |
NUMERATOR |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations – Investors Real Estate Trust |  | $ | 2,426 |  | $ | 1,474 |  | $ | (22,488) |  | $ | 5,341 |
Income from discontinued operations – Investors Real Estate Trust |  |  | 9,174 |  |  | 15,192 |  |  | 12,445 |  |  | 15,865 |
Net income (loss) attributable to Investors Real Estate Trust |  |  | 11,600 |  |  | 16,666 |  |  | (10,043) |  |  | 21,206 |
Dividends to preferred shareholders |  |  | (2,878) |  |  | (2,878) |  |  | (5,757) |  |  | (5,757) |
Numerator for basic earnings per share – net income (loss) available to common shareholders |  |  | 8,722 |  |  | 13,788 |  |  | (15,800) |  |  | 15,449 |
Noncontrolling interests – Operating Partnership |  |  | 1,174 |  |  | 1,527 |  |  | (2,122) |  |  | 1,713 |
Numerator for diluted earnings (loss) per share |  | $ | 9,896 |  | $ | 15,315 |  | $ | (17,922) |  | $ | 17,162 |
DENOMINATOR |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share weighted average shares |  |  | 121,154 |  |  | 124,665 |  |  | 121,135 |  |  | 124,757 |
Effect of convertible operating partnership units |  |  | 16,264 |  |  | 13,900 |  |  | 16,276 |  |  | 13,929 |
Denominator for diluted earnings per share |  |  | 137,418 |  |  | 138,565 |  |  | 137,411 |  |  | 138,686 |
(Loss) earnings per common share from continuing operations – Investors Real Estate Trust – basic and diluted |  | $ | — |  | $ | (.01) |  | $ | (.23) |  | $ | — |
Earnings per common share from discontinued operations – Investors Real Estate Trust – basic and diluted |  |  | .07 |  |  | .12 |  |  | .10 |  |  | .12 |
NET INCOME (LOSS) PER COMMON SHARE – BASIC & DILUTED |  | $ | .07 |  | $ | .11 |  | $ | (.13) |  | $ | .12 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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