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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Oct. 31, 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 condensed consolidated financial statements for the three and six months ended October 31, 2017 and 2016:
|  | (in thousands, except per share data) |
|  | Three Months Ended |  | Six Months Ended |
|  | October 31, |  | October 31, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
NUMERATOR |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations – controlling interests |  | $ | 1,446 |  | $ | 2,426 |  | $ | (10,317) |  | $ | (22,488) |
Income from discontinued operations – controlling interests |  |  | 11,375 |  |  | 9,174 |  |  | 11,874 |  |  | 12,445 |
Net income (loss) attributable to controlling interests |  |  | 12,821 |  |  | 11,600 |  |  | 1,557 |  |  | (10,043) |
Dividends to preferred shareholders |  |  | (2,812) |  |  | (2,878) |  |  | (5,098) |  |  | (5,757) |
Redemption of preferred shares |  |  | (3,649) |  |  | — |  |  | (3,649) |  |  | — |
Numerator for basic earnings per share – net income available to common shareholders |  |  | 6,360 |  |  | 8,722 |  |  | (7,190) |  |  | (15,800) |
Noncontrolling interests – Operating Partnership |  |  | 773 |  |  | 1,174 |  |  | (871) |  |  | (2,122) |
Numerator for diluted earnings per share |  | $ | 7,133 |  | $ | 9,896 |  | $ | (8,061) |  | $ | (17,922) |
DENOMINATOR |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share weighted average shares |  |  | 120,144 |  |  | 121,154 |  |  | 120,282 |  |  | 121,135 |
Effect of redeemable operating partnership units |  |  | 14,623 |  |  | 16,264 |  |  | 14,912 |  |  | 16,276 |
Denominator for diluted earnings per share |  |  | 134,767 |  |  | 137,418 |  |  | 135,194 |  |  | 137,411 |
Loss per common share from continuing operations – basic and diluted |  | $ | (0.05) |  | $ | — |  | $ | (0.16) |  | $ | (0.23) |
Earnings per common share from discontinued operations – basic and diluted |  |  | 0.10 |  |  | 0.07 |  |  | 0.10 |  |  | 0.10 |
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED |  | $ | 0.05 |  | $ | 0.07 |  | $ | (0.06) |  | $ | (0.13) |

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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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