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COST OF REVENUES (Tables) | 6 Months Ended
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Oct. 31, 2025
COST OF REVENUES |
Schedule of cost of revenues | Land sale cost of revenues, net consists of (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended |  | Six Months Ended
​ | ​ | October 31, | ​ | October 31,
​ |  | 2025 |  | 2024 |  | 2025 |  | 2024
Land sale cost of revenues | ​ | $ | 543 | ​ | $ | 2,745 | ​ | $ | 3,668 | ​ | $ | 9,891
Less: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Public improvement district reimbursements | ​ |  | (192) | ​ | ​ | — | ​ | ​ | (497) | ​ | ​ | (814)
Private infrastructure covenant reimbursements | ​ |  | (124) | ​ | ​ | (131) | ​ | ​ | (225) | ​ | ​ | (373)
Payments for impact fee credits | ​ |  | (59) | ​ | ​ | (288) | ​ | ​ | (425) | ​ | ​ | (1,469)
Land sale cost of revenues, net | ​ | $ | 168 | ​ | $ | 2,326 | ​ | $ | 2,521 | ​ | $ | 7,235

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