SEGMENT INFORMATION

6 Months Ended

Oct. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(13) SEGMENT INFORMATION

The following tables set forth summarized data relative to the industry segments in which the Company operated for the three and six month periods ended October 31, 2013 and 2012 (in thousands):

	Subscription Fulfillment Services		Newsstand   Distribution   Services		Product    Services and Other		Real Estate Operations		Corporate and Other		Consolidated
Three months ended October 31, 2013 (a):
Revenues	$	15,013	$	1,871	$	4,671	$	1,279	$	(71)	$	22,763
Net income (loss)		271		82		242		(982)		439		52
Provision (benefit) for income taxes		(32)		154		147		(402)		218		85
Interest expense (income), net (b)		520		(330)		22		682		(432)		462
Depreciation and amortization		752		51		56		19		37		915
EBITDA (c)	$	1,511	$	(43)	$	467	$	(683)	$	262	$	1,514
Capital expenditures	$	117	$	5	$	28	$	-	$	-	$	150
Three months ended October 31, 2012 (a):
Revenues	$	14,456	$	2,287	$	4,523	$	119	$	(68)	$	21,317
Net income (loss)		289		111		345		(787)		318		276
Provision (benefit) for income taxes		171		112		202		(382)		169		272
Interest expense (income), net (b)		534		(365)		30		498		(383)		314
Depreciation and amortization		711		91		53		20		37		912
EBITDA (c)	$	1,705	$	(51)	$	630	$	(651)	$	141	$	1,774
Capital expenditures	$	61	$	201	$	-	$	-	$	-	$	262
Six months ended October 31, 2013 (a):
Revenues	$	29,006	$	3,856	$	8,971	$	1,580	$	(141)	$	43,272
Net income (loss)		(293)		249		423		(1,893)		879		(635)
Provision (benefit) for income taxes		(363)		273		253		(937)		457		(317)
Interest expense (income), net (b)		1,054		(671)		41		1,360		(857)		927
Depreciation and amortization		1,509		102		113		40		73		1,837
EBITDA (c)	$	1,907	$	(47)	$	830	$	(1,430)	$	552	$	1,812
Total assets	$	54,008	$	47,348	$	5,736	$	87,700	$	5,863	$	200,655
Capital expenditures	$	152	$	18	$	34	$	-	$	-	$	204
Six months ended October 31, 2012 (a):
Revenues	$	28,058	$	4,626	$	8,170	$	193	$	(134)	$	40,913
Net income (loss)		46		263		472		(1,752)		639		(332)
Provision (benefit) for income taxes		28		225		277		(946)		337		(79)
Interest expense (income), net (b)		1,061		(718)		57		984		(743)		641
Depreciation and amortization		1,447		194		114		40		73		1,868
Impairment of assets		-		-		-		169		-		169
EBITDA (c)	$	2,582	$	(36)	$	920	$	(1,505)	$	306	$	2,267
Total assets	$	55,248	$	49,086	$	5,051	$	88,401	$	3,801	$	201,587
Capital expenditures	$	91	$	201	$	-	$	-	$	-	$	292

(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), 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, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.