Note 9 - Property and Equipment

9 Months Ended

Jan. 31, 2017

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

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, on the Consolidated Condensed Balance Sheets was comprised of the following:

	January 31,			April 30,
($ in thousands)	2017			2016
Land	$	-		$	726
Building and leasehold improvements		510			5,190
Furniture and equipment		3,748			4,156
		4,258			10,072
Accumulated depreciation and amortization		(3,360	)		(6,451	)
Total property and equipment, net	$	898		$	3,621