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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Oct. 31, 2012
Fair Value Disclosures [Abstract]  
Costs, Gross Unrealized Gains, Gross Unrealized Losses and Fair Market Value of Available-For-Sale Securities

The cost, gross unrealized gains, gross unrealized losses and fair market value of available-for-sale securities at October 31, 2012 and April 30, 2012 are as follows (in thousands):

 

    October 31, 2012  
          Gross     Gross     Fair  
          Unrealized     Unrealized     Market  
    Cost     Gains     Losses     Value  
Fixed income securities   $ 10,187     $ 357     $ -     $ 10,544  
Equity securities     5,701       687       (1 )     6,387  
    $ 15,888     $ 1,044     $ (1 )   $ 16,931  

 

    April 30, 2012  
          Gross     Gross     Fair  
          Unrealized     Unrealized     Market  
    Cost     Gains     Losses     Value  
Fixed income securities   $ 11,573     $ 297     $ (6 )   $ 11,864  
Equity securities     5,411       552       (169 )     5,794  
    $ 16,984     $ 849     $ (175 )   $ 17,658  
Fair Value and Unrealized Losses, Aggregated by Investment Type and Length of Time Individual Securities have been in Continuous Unrealized Loss Position

The following table presents the fair value and unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

 

    Less than 12 months     12 Months or more     Total  
    Fair     Unrealized     Fair     Unrealized     Fair     Unrealized  
    Value     Losses     Value     Losses     Value     Losses  
October 31, 2012                                                
Fixed Income Securities   $ -     $ -     $ -     $ -     $ -     $ -  
Equity Securities     -       -       129       (1 )     129       (1 )
    $ -     $ -     $ 129     $ (1 )   $ 129     $ (1 )
April 30, 2012                                                
Fixed Income Securities   $ 301     $ (6 )   $ -     $ -     $ 301     $ (6 )
Equity Securities     539       (169 )     -       -       539       (169 )
    $ 840     $ (175 )   $ -     $ -     $ 840     $ (175 )
Maturities of Fixed Income Securities Classified as Available-for-Sale

Maturities of fixed income securities classified as available-for-sale at October 31, 2012 are as follows, at cost (in thousands):

 

Current   $ 1,003  
Due after one year through five years     8,522  
Due after five years through ten years     662  
    $ 10,187