Investment Assets, Net

3 Months Ended

Jul. 31, 2011

Investment Assets Disclosure [Text Block]

(3)	Investment Assets, Net

Investment assets, net consist of the following (in thousands):

	July 31, 2011			April 30, 2011
Land held for long-term investment	$	10,646		$	10,646

Other		753			753
Less accumulated depreciation		(260	)		(260	)
		493			493
	$	11,139		$	11,139

Land held for long-term investment represents property located in areas that are not planned to be developed in the near term and thus has not been offered for sale. Other includes a sales center in Rio Rancho, New Mexico that is not in service and is held for sale and, as such, is no longer being depreciated.