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Assets Held for Sale
 9 Months Ended
Jan. 31, 2014
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]  
Assets Held for Sale
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. 
 
April 30, 2013
 
January 31, 2014
 
# Aircraft
 
 
 
# Aircraft
 
 
Aircraft held for sale:
 
 
 
 
 
 
 
Book value, beginning of period
18

 
$
79,293

 
14

 
$
30,206

Classified as held for sale, net of impairment
11

 
7,454

 
15

 
28,491

Sales
(10
)
 
(35,303
)
 
(8
)
 
(19,185
)
Reclassified as held for use
(5
)
 
(21,049
)
 
(7
)
 
(8,014
)
Foreign exchange
—

 
(189
)
 
—

 
(810
)
Aircraft held for sale
14

 
30,206

 
14

 
30,688

Buildings held for sale
—

 
1,841

 
—

 
1,949

Total assets held for sale
 
 
$
32,047

 
 
 
$
32,637


The aircraft classified as held for sale are older technology aircraft that are being divested by us. The buildings classified as held for sale are the result of relocation of certain of our base operations. During the nine months ended January 31, 2014, there were six aircraft that were reclassified to assets held for use as management determined that we would obtain a higher value from using these aircraft as parts within the business than selling them in the external market and one aircraft that was reclassified to held for use as management reviewed its fleet strategy and decided to redeploy this aircraft to the flying operations.
During the three months ended January 31, 2013, we recorded impairment charges of $2.2 million to write down the carrying value of three aircraft held for sale to their fair value less costs to sell. During the nine months ended January 31, 2013 and 2014, we recorded impairment charges of $11.5 million and $18.5 million to write down the carrying value of 17 aircraft and 19 aircraft held for sale to their fair value less costs to sell, respectively. These amounts are included in asset impairments on the consolidated statements of operations. The fair value of assets held for sale is considered a level 2 measurement in the fair value hierarchy as the measurement is based on third party appraisals using market data.