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Subsequent Event
9 Months Ended
Jan. 31, 2017
Subsequent Events [Abstract]  
Subsequent Event

L. Subsequent Event

On February 14, 2017, our Board of Directors declared a quarterly cash dividend of $0.11 per share of our Class A and Class B Common Stock. The cash dividend is payable on May 26, 2017 to Class A and Class B shareholders of record at the close of business on May 12, 2017.

On February 23, 2017, the Company divested excess real estate amounting to approximately 40% of our land holdings at $13.4 million. The after-tax net gain of approximately $7.9 million will be recorded in the fourth quarter.