Property, Plant and Equipment

6 Months Ended

Oct. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment is comprised of the following:

	October 31, 2025		April 30, 2025
Land	$	3,447	$	3,447
Building and improvements	48,734		49,753
Aircraft	6,846		8,122
Machinery and equipment	7,114		6,356
Office furniture and fixtures	16,535		15,599
Leasehold improvements	4,032		4,032
	86,708		87,309
Accumulated depreciation	(27,844)		(27,053)
Total property, plant and equipment	$	58,864	$	60,256

Property and Related Depreciation: Machinery and equipment are recorded at cost and depreciated over their estimated useful lives. Depreciation is provided on a straight-line basis. Depreciation expense was $2,423 for the six months ended October 31, 2025 and $2,190 for the six months ended October 31, 2024. Depreciation expense is included in cost of sales and general and administrative costs. During the six months ended October 31, 2025, the Company sold an administration building associated with the Professional Services segment for $2.4 million, and recognized a $1.5 million gain on the sale. Of the $2.4 million related to the building sale, $1.2 million is recorded in accounts receivable at October 31, 2025

Description	Estimated useful life
Building and improvements	39 years or the shorter of the estimated useful life of the asset or the underlying lease term
Aircraft	5 years
Machinery and equipment	5 years
Office furniture and fixtures	5 years
Leasehold improvements	Shorter of the estimated useful life of the asset or the underlying lease term

Maintenance and repairs are charged to expense as incurred. The cost and accumulated depreciation of assets retired are removed from the accounts and any resulting gains or losses are reflected as income or expense.