Assets Held For Sale and Discontinued Operations (Tables)

9 Months Ended

12 Months Ended

Jan. 31, 2013

Apr. 30, 2012

Classification of Assets Held For Sale

We have classified certain assets such as aircraft and buildings as held for sale as these assets are ready for immediate sale and management expects these assets to be sold within one year.

	January 31, 2013						April 30, 2012
	# Aircraft						# Aircraft
Aircraft held for sale:
Book value, beginning of period		18		$	79,293			12		$	31,782
Classified as held for sale, net of impairment		10			6,969			19			82,377
Sales		(8	)		(25,716	)		(10	)		(21,147	)
Reclassified as held for use		(4	)		(19,199	)		(3	)		(12,740	)
Foreign exchange		—			306			—			(979	)
Aircraft held for sale		16			41,653			18			79,293
Building held for sale		—			521			—			520
Total assets held for sale				$	42,174					$	79,813

The Company has classified certain assets as held for sale as the assets are ready for immediate sale and management expects these assets to be sold within one year.

	2012						2011
	# Aircraft						# Aircraft
Aircraft held for sale:
Book value, beginning of year		12		$	31,782			25		$	46,973
Classified as held for sale, net of impairment		19			82,377			10			25,044
Sales		(10	)		(21,147	)		(18	)		(22,692	)
Reclassified as held for use		(3	)		(12,740	)		(5	)		(19,121	)
Foreign exchange					(979	)					1,578
Aircraft held for sale		18			79,293			12			31,782
Buildings held for sale		—			520			—			3,407
Discontinued operations		—			—			—			14,610
Total assets held for sale				$	79,813					$	49,799

Classification of Discontinued Operations

	For the year ended
	April 30, 2012			April 30, 2011			April 30, 2010
Revenue	$	6,063		$	7,049		$	7,820
Direct costs		(9,319	)		(9,696	)		(8,403	)
Amortization		(16	)		(1,277	)		(1,726	)
Impairment of held for sale assets		(12,608	)		—			—
Loss on disposal		(210	)		—			—
Operating loss		(16,090	)		(3,924	)		(2,309	)
Financing income (charges)		(17	)		(436	)		325
Income tax recovery		—			1,158			548
Loss from discontinued operations	$	(16,107	)	$	(3,202	)	$	(1,436	)