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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Apr. 30, 2017
EARNINGS PER SHARE [Abstract] |
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share | . The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the consolidated financial statements for the fiscal years ended April 30, 2017, 2016 and 2015:
|  | For Year Ended April 30, |
|  | (in thousands, except per share data) |
|  | 2017 |  | 2016 |  | 2015 |
NUMERATOR |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations – Investors Real Estate Trust |  | $ | (17,340) |  | $ | 18,651 |  | $ | 14,083 |
Income from discontinued operations – Investors Real Estate Trust |  |  | 60,687 |  |  | 53,355 |  |  | 10,004 |
Net income attributable to Investors Real Estate Trust |  |  | 43,347 |  |  | 72,006 |  |  | 24,087 |
Dividends to preferred shareholders |  |  | (10,546) |  |  | (11,514) |  |  | (11,514) |
Redemption of preferred shares |  |  | (1,435) |  |  | — |  |  | — |
Numerator for basic earnings per share – net income available to common shareholders |  |  | 31,366 |  |  | 60,492 |  |  | 12,573 |
Noncontrolling interests – Operating Partnership |  |  | 4,059 |  |  | 7,032 |  |  | 1,526 |
Numerator for diluted earnings per share |  | $ | 35,425 |  | $ | 67,524 |  | $ | 14,099 |
DENOMINATOR |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share weighted average shares |  |  | 121,169 |  |  | 123,094 |  |  | 118,004 |
Effect of redeemable operating partnership units |  |  | 16,130 |  |  | 14,278 |  |  | 16,594 |
Denominator for diluted earnings per share |  |  | 137,299 |  |  | 137,372 |  |  | 134,598 |
(Loss) earnings per common share from continuing operations – Investors Real Estate Trust – basic and diluted |  | $ | (0.24) |  | $ | 0.06 |  | $ | 0.02 |
Earnings per common share from discontinued operations – Investors Real Estate Trust – basic and diluted |  |  | 0.50 |  |  | 0.43 |  |  | 0.09 |
NET INCOME PER COMMON SHARE – BASIC & DILUTED |  | $ | 0.26 |  | $ | 0.49 |  | $ | 0.11 |

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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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