Information About the Company's Operations in Different Industry Segments

9 Months Ended

Jan. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(12)         Information About the Company's Operations in Different Industry Segments

The following tables set forth summarized data relative to the industry segments in which the Company operated for the three and nine month periods ended January 31, 2012 and 2011 (in thousands):

	Subscription Fulfillment Services			Newsstand Distribution Services			Product Services and Other (Kable)			Real Estate Operations			Corporate and Other			Consolidated
Three months ended January 31, 2012 (a):
Revenues	$	15,589		$	2,213		$	3,617		$	70		$	(65	)	$	21,424
Net income (loss)		(137	)		19			55			(521	)		268			(316	)
Provision (benefit) for income taxes		(20	)		(56	)		21			(750	)		137			(668	)
Interest expense (income), net (b)		548			(379	)		37			436			(304	)		338
Depreciation and amortization		1,027			128			63			20			37			1,275
EBITDA (c)	$	1,418		$	(288	)	$	176		$	(815	)	$	138		$	629
Capital expenditures	$	40		$	-		$	24		$	-		$	-		$	64
Three months ended January 31, 2011 (a):
Revenues	$	18,350		$	2,488		$	2,732		$	338		$	(62	)	$	23,846
Net income (loss)		753			48			(20	)		334			166			1,281
Provision (benefit) for income taxes		319			(168	)		(27	)		(791	)		80			(587	)
Interest expense (income), net (b)		577			(284	)		26			362			( 204	)		477
Depreciation and amortization		1,151			161			66			20			40			1,438
EBITDA (c)	$	2,800		$	(243	)	$	45		$	(75	)	$	82		$	2,609
Capital expenditures	$	426		$	-		$	-		$	-		$	-		$	426

Nine months ended January 31, 2012 (a):
Revenues	$	48,775	$	7,112		$	8,928	$	1,648		$	(195	)	$	66,268
Net income (loss)		911		203			33		(1,411	)		752			488
Provision (benefit) for income taxes		614		169			8		(1,211	)		387			(33	)
Interest expense (income), net (b)		1,680		(1,107	)		103		1,244			(865	)		1,055
Depreciation and amortization		3,216		399			191		61			111			3,978
EBITDA (c)	$	6,421	$	(336	)	$	335	$	(1,317	)	$	385		$	5,488
Capital expenditures	$	656	$	68		$	37	$	-		$	-		$	761
Nine months ended January 31, 2011 (a):
Revenues	$	56,774	$	8,488		$	7,837	$	1,837		$	(187	)	$	74,749
Net income (loss)		1,511		633			68		(1,233	)		535			1,514
Provision (benefit) for income taxes		700		261			24		(1,612	)		274			(353	)
Interest expense (income), net (b)		1,761		(914	)		71		1,029			(577	)		1,370
Depreciation and amortization		3,685		486			187		62			114			4,534
EBITDA (c)	$	7,657	$	466		$	350	$	(1,754	)	$	346		$	7,065
Capital expenditures	$	710	$	-		$	14	$	-		$	-		$	724

(a)   Revenue information provided for each segment includes amounts grouped as Interest and other in the accompanying statements of operations.  Corporate revenue is net of an intercompany revenue elimination.

(b)   Interest expense (income), net includes inter-segment interest income that is eliminated in consolidation.

(c)   The Company uses EBITDA (which the Company defines as income before net interest expense, income taxes, and depreciation and amortization) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes