Property and Equipment

3 Months Ended

Jul. 31, 2012

Property, Plant and Equipment [Abstract]

Note 9 - Property and Equipment:

Property and equipment are carried at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, or in the case of leasehold improvements, over the remaining terms of the leases. For income tax purposes, depreciation of furniture and equipment is computed using accelerated methods and buildings and leasehold improvements are depreciated over prescribed extended tax lives. Property and equipment, net was comprised of the following:

	July 31,			April 30,
($ in thousands)	2012			2012
Land	$	726		$	726
Building and leasehold improvements		7,283			7,283
Furniture and equipment		10,970			10,955
		18,979			18,964
Accumulated depreciation and amortization		(15,178	)		(15,110	)
Total property and equipment, net	$	3,801		$	3,854

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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