Property and Equipment

12 Months Ended

Apr. 30, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 6-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 Sheets was comprised of the following:

	As of April 30,
($ in thousands)	2015			2014
Land	$	726		$	726
Building and leasehold improvements		5,037			5,024
Furniture and equipment		4,084			5,312
		9,847			11,062
Accumulated depreciation and amortization		(6,157	)		(7,199	)
Total property and equipment, net	$	3,690		$	3,863