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FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
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Apr. 30, 2018
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Derivatives | The fair value of the derivative by its level in the fair value hierarchy is as follows:
|  |  | (in thousands)
|  | Balance Sheet Location | Total |  | Level 1 |  | Level 2 |  | Level 3 |
April 30, 2018 |  |  |  |  |  |  |  |  |
Derivative instrument - interest rate swap |  | Other Assets | $ | 1,779 |  | $ | — |  | $ | 1,779 |  | $ | — |
Schedule of Fair Value Measurements on a Nonrecurring Basis | The aggregate fair value of these assets by their levels in the fair value hierarchy are as follows:
|  | (in thousands)
|  | Total |  | Level 1 |  | Level 2 |  | Level 3
April 30, 2018 |  |  |  |  |  |  |  |
Real estate investments valued at fair value |  | $ | 52,145 |  | $ | — |  | $ | — |  | $ | 52,145 |
April 30, 2017 |  |  |  |  |  |  |  |
Real estate investments valued at fair value |  | $ | 506 |  | $ | — |  | $ | — |  | $ | 506 |
Real estate held for sale (1) |  | 10,891 |  | — |  | — |  | 10,891 |
(1) | Represents only the portion of real estate held for sale at April 30, 2017 that was written down to estimated fair value.
Schedule of Estimated Fair Values of Financial Instruments | The estimated fair values of our financial instruments as of April 30, 2018 and 2017 are as follows:
|  | (in thousands)
|  | 2018 | 2017
|  | Amount |  | Fair Value |  | Amount |  | Fair Value |
FINANCIAL ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 11,891 |  | $ | 11,891 |  | $ | 28,819 |  | $ | 28,819 |
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |
Other debt, including other debt related to assets held for sale |  | — |  | — |  | 49,637 |  | 49,637 |
Revolving line of credit |  | 124,000 |  | 124,000 |  | 57,050 |  | 57,050 |
Term loan (1) |  | 70,000 |  |  | — |  | — |
Mortgages payable (2) |  | 509,919 |  | 510,803 |  | 665,440 |  | 680,941 |
Mortgages payable related to assets held for sale |  | — |  | — |  | 21,803 |  | 21,861 |
(1) | Excluding the effect of the interest rate swap agreement.
(2) | Includes mortgages payable related to assets held for sale and assets of discontinued operations at April 30, 2017.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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