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COST OF REVENUES (Tables)

12 Months Ended

Apr. 30, 2025

COST OF REVENUES

Schedule of cost of revenues

Land sale cost of revenues, net consists of (in thousands):

​	​	​	​	​	​	​
​		Year Ended April 30,
​	​	2025			2024
Land sale cost of revenues	​	$	16,603	​	$	20,415
Less:	​		​	​
Public improvement district reimbursements	​		(1,183)	​		(681)
Private infrastructure covenant reimbursements	​		(518)	​		(544)
Payments for impact fee credits	​		(2,541)	​		(1,966)
Land sale cost of revenues, net	​	$	12,361	​	$	17,224

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Tabular disclosure of cost of revenues.

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