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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2025
Oct. 31, 2024
REVENUES:        
Total revenues $ 9,398 $ 11,906 $ 27,250 $ 30,997
COSTS AND EXPENSES:        
General and administrative expenses 1,956 1,825 3,804 3,456
Total costs and expenses 8,279 8,762 19,985 22,861
Operating income 1,119 3,144 7,265 8,136
Interest income, net 459 576 915 857
Income before income taxes 1,578 3,720 8,180 8,993
Benefit (provision) for income taxes (378) 322 (2,288) (887)
Net income $ 1,200 $ 4,042 $ 5,892 $ 8,106
Earnings per share - basic (in dollars per share) $ 0.22 $ 0.76 $ 1.11 $ 1.53
Earnings per share - diluted (in dollars per share) $ 0.22 $ 0.75 $ 1.09 $ 1.51
Weighted average number of common shares outstanding - basic (in shares) 5,338 5,320 5,332 5,314
Weighted average number of common shares outstanding - diluted (in shares) 5,392 5,374 5,385 5,367
Land sale        
REVENUES:        
Total revenues $ 825 $ 5,857 $ 8,319 $ 15,206
COSTS AND EXPENSES:        
Cost of revenues 168 2,326 2,521 7,235
Home sale        
REVENUES:        
Total revenues 7,725 5,334 17,296 14,326
COSTS AND EXPENSES:        
Cost of revenues 5,831 4,277 13,012 11,522
Other        
REVENUES:        
Total revenues 848 715 1,635 1,465
COSTS AND EXPENSES:        
Cost of revenues $ 324 $ 334 $ 648 $ 648