XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Jan. 31, 2018
Fair Value Disclosures [Abstract] |
Fair Value of Assets Measured on Recurring Basis | 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 |
January 31, 2018 |  |  |  |  |  |  |  |  |  |  |
Derivative instrument - interest rate swap | Other assets | $ | 359 |  |  | — |  |  | $ | 359 |  |  | — |
Fair Value Measurements on a Nonrecurring Basis | The aggregate fair value of these assets by their levels in the fair value hierarchy is as follows:
| (in thousands)
| Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
April 30, 2017 |  |  |  |  |  |  |  |  |  |
Real estate investments | $ | 506 |  |  | — |  |  | — |  |  | $ | 506 |
Real estate held for sale(1) | $ | 10,891 |  |  | — |  |  | — |  |  | $ | 10,891 |
(1) | Represents only the portion of real estate held for sale that was written-down to estimated fair value.
Estimated Fair Values of Financial Instruments | The estimated fair values of our financial instruments as of January 31, 2018, and April 30, 2017, respectively, are as follows:
| (in thousands)
| January 31, 2018 |  | April 30, 2017
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 22,666 |  |  | $ | 22,666 |  |  | $ | 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 | $ | 67,000 |  |  | $ | 67,000 |  |  | $ | 57,050 |  |  | $ | 57,050 |
Term loan(1) | $ | 70,000 |  |  | $ | 70,000 |  |  | — |  |  | — |
Mortgages payable(2) | $ | 555,875 |  |  | $ | 555,252 |  |  | $ | 687,243 |  |  | $ | 702,802 |
(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.

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration