GENERAL AND ADMINISTRATIVE EXPENSES

6 Months Ended

Oct. 31, 2020

GENERAL AND ADMINISTRATIVE EXPENSES

GENERAL AND ADMINISTRATIVE EXPENSES

(9)          GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses consist of:

	Three Months Ended				Six Months Ended
	October 31,				October 31,
	2020		2019		2020		2019
	(in thousands)				(in thousands)
Land development	$	665	$	602	$	1,271	$	1,274
Homebuilding		118		—		231		—
Corporate		740		3,519		1,465		4,413
	$	1,523	$	4,121	$	2,967	$	5,687

Corporate general and administrative expenses included a non-cash pre-tax pension settlement charge of $2,929,000 in the three and six months ended October 31, 2019, due to the Company’s defined benefit pension plan paying an aggregate of $7,280,000 in lump sum payouts of pension benefits to former employees. No such settlement expense was incurred in the same periods of 2020.