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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Apr. 30, 2017
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract] |
Schedule of effect of correction on Consolidated Statement of Operations | The following table presents the effect of this correction on our Consolidated Statement of Operations for the period affected:
|  | (in thousands, except per share data) |
Year Ended April 30, 2016 |  | As Previously Reported |  | Adjustment |  | As Revised |
Interest income |  | $ | 2,256 |  | $ | (2,175) |  | $ | 81 |
Income before gain on sale of real estate and other investments, gain on bargain purchase and income from discontinued operations |  |  | 6,216 |  |  | (2,175) |  |  | 4,041 |
Income from continuing operations |  |  | 19,280 |  |  | (2,175) |  |  | 17,105 |
Income from discontinued operations |  |  | 57,322 |  |  | 2,175 |  |  | 59,497 |
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted |  | $ | 0.08 |  | $ | (0.02) |  | $ | 0.06 |
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted |  |  | 0.41 |  |  | 0.02 |  |  | 0.43 |
Summary of Changes in Allowance for Doubtful Accounts | A summary of the changes in the allowance for doubtful accounts including properties held for sale for fiscal years ended April 30, 2017, 2016 and 2015 is as follows:
|  | (in thousands) |
|  | 2017 |  | 2016 |  | 2015 |
Balance at beginning of year |  | $ | 946 |  | $ | 1,156 |  | $ | 1,044 |
Provision |  |  | 499 |  |  | 651 |  |  | 967 |
Write-off |  |  | (895) |  |  | (861) |  |  | (855) |
Balance at close of year |  | $ | 550 |  | $ | 946 |  | $ | 1,156 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=66008989&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22658-107794 + Details
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