Note 7 - Property, Plant and Equipment

6 Months Ended

Oct. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

7. Property, Plant and Equipment

Property, plant and equipment is comprised of the following:

	October 31, 2024			April 30, 2024
Land	$	3,447		$	4,224
Building and improvements		48,371			48,190
Aircraft		8,122			5,599
Machinery and equipment		7,541			7,484
Office furniture and fixtures		14,887			14,389
Leasehold improvements		4,032			4,032
		86,400			83,918
Accumulated depreciation		(26,097	)		(24,331	)
Total property, plant and equipment	$	60,303		$	59,587

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 $2,190 for the six months ended October 31, 2024 and $2,135 for the six months ended October 31, 2023. Depreciation expense is included in cost of sales and general and administrative costs.

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.