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COST OF REVENUES (Tables)

3 Months Ended

Jul. 31, 2025

COST OF REVENUES

Schedule of cost of revenues

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

​	​	​	​	​	​	​
​		Three Months Ended
​	​	July 31,
​		2025			2024
Land sale cost of revenues	​	$	3,125	​	$	7,146
Less:	​		​	​	​	​
Public improvement district reimbursements	​		(305)	​	​	(812)
Private infrastructure covenant reimbursements	​		(101)	​	​	(242)
Payments for impact fee credits	​		(367)	​	​	(1,183)
Land sale cost of revenues, net	​	$	2,352	​	$	4,909

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Tabular disclosure of cost of revenues.

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