CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2020	Apr. 30, 2019
ASSETS
Cash and cash equivalents	$ 17,502	$ 13,267
Cash and cash equivalents - restricted	0	969
Real estate inventory	53,449	57,773
Investment assets	18,644	17,227
Other assets	934	6,475
Taxes receivable, net	57	283
Deferred income taxes, net	6,080	4,536
TOTAL ASSETS	96,666	100,530
LIABILITIES:
Accounts payable and accrued expenses	3,125	2,964
Notes payable, net	3,890	1,319
Accrued pension costs	5,014	6,401
TOTAL LIABILITIES	12,029	10,684
Commitments and contingencies (Note 14)
SHAREHOLDERS' EQUITY:
Common stock, $.10 par value; shares authorized - 20,000,000; shares issued - 8,362,154 at January 31, 2020 and 8,353,154 at April 30, 2019	836	835
Capital contributed in excess of par value	51,334	51,205
Retained earnings	43,149	49,052
Accumulated other comprehensive loss, net	(6,467)	(7,031)
Treasury stock, at cost - 225,250 shares at April 30, 2020 and 2019	(4,215)	(4,215)
TOTAL SHAREHOLDERS' EQUITY	84,637	89,846
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 96,666	$ 100,530