Accounts Payable, Net and Accrued Expenses

6 Months Ended

Oct. 31, 2011

Payables and Accruals [Abstract]

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):

	October 31,  2011		April 30, 2011
Publisher payables, net	$	60,423	$	60,425
Accrued expenses		3,891		3,486
Trade payables		1,888		2,608
Other		4,083		4,357
	$	70,285	$	70,876

Newsstand Distribution Services accounts payable are net of estimated magazine returns of $47,237,000 and $46,643,000 at October 31, 2011 and April 30, 2011.  Pursuant to an arrangement with a publisher customer of the Newsstand Distribution Services business, the Company has netted $14,822,000 and $16,574,000 of accounts receivable against the related accounts payable at October 31, 2011 and April 30, 2011 (see Note 2).