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INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS
 12 Months Ended
Apr. 30, 2021
INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS  
INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS

(18)        INFORMATION ABOUT THE COMPANY’S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS

 

The following tables set forth summarized data relative to the industry segments in which the Company operated for the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Land 

    

 

 

    

 

 

    

 

 

 

 

Development

 

Homebuilding

 

Corporate

 

Consolidated

2021 (a)

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

32,431

 

$

3,081

 

$

4,557

 

$

40,069

Net income (loss)

 

 

10,091

 

 

(84)

 

 

(2,615)

 

 

7,392

Provision (benefit) for income taxes

 

 

(765)

 

 

(45)

 

 

3,453

 

 

2,643

Interest expense (income), net (b)

 

 

43

 

 

 —

 

 

(3)

 

 

40

Depreciation

 

 

51

 

 

 —

 

 

503

 

 

554

EBITDA (c)

 

$

9,420

 

$

(129)

 

$

1,338

 

$

10,629

Capital expenditures

 

$

 —

 

$

 5

 

$

 —

 

$

 5

Total assets as of April 30, 2021

 

$

81,892

 

$

1,999

 

$

13,475

 

$

97,366

 

 

 

 

 

 

 

 

 

 

 

 

 

2020 (a)

 

 

  

 

 

  

 

 

  

 

 

  

Revenues

 

$

17,316

 

$

 —

 

$

1,467

 

$

18,783

Net income (loss)

 

 

2,249

 

 

 —

 

 

(8,152)

 

 

(5,903)

Benefit for income taxes

 

 

(250)

 

 

 —

 

 

(1,472)

 

 

(1,722)

Interest income, net (b)

 

 

22

 

 

 —

 

 

(312)

 

 

(334)

Depreciation

 

 

45

 

 

 —

 

 

492

 

 

537

EBITDA (c)

 

$

2,022

 

$

 —

 

$

(9,444)

 

$

(7,422)

Capital expenditures

 

$

 5

 

$

 —

 

$

13

 

$

18

Total assets as of April 30, 2020

 

$

73,023

 

$

 —

 

$

23,643

 

$

96,666

 

(a)Revenue information provided for each segment may include amounts classified as rental revenues and building sales and other revenues in the accompanying consolidated statements of operations. Corporate is net of intercompany eliminations.

(b)Interest expense (income), net excludes inter-segment interest expense (income) that is eliminated in consolidation.

(c)The Company uses EBITDA (which the Company defines as income (loss) before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.

Prior to 2021, the Company operated in primarily one business segment: the real estate business.