Accounts Payable, Net and Accrued Expenses

3 Months Ended

Jul. 31, 2011

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

(6) Accounts Payable, Net and Accrued Expenses

Accounts payable, net and accrued expenses consist of the following (in thousands):

	July 31, 2011		April 30, 2011
Publisher payables, net	$	59,781	$	60,425
Accrued expenses		3,496		3,486
Trade payables		2,098		2,608
Other		4,624		4,357
	$	69,999	$	70,876

Newsstand Distribution Services accounts payable are net of estimated magazine returns of $43,615,000 and $46,643,000 at July 31, 2011 and April 30, 2011. Pursuant to an arrangement with a publisher customer of the Newsstand Distribution Services business, the Company has netted $17,403,000 and $16,574,000 of accounts receivable against the related accounts payable at July 31, 2011 and April 30, 2011 (see Note 2).