FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Jul. 31, 2012

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Estimated fair values of the Company's financial instruments

The estimated fair values of the Company's financial instruments as of July 31, 2012 and April 30, 2012, are as follows:

	(in thousands)
	July 31, 2012				April 30, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	$	37,002	$	37,002	$	39,989	$	39,989
Other investments		635		635		634		634
FINANCIAL LIABILITIES
Other debt		24,968		25,009		13,875		13,973
Line of credit		44,500		44,500		39,000		39,000
Mortgages payable		1,080,655		1,135,998		1,048,689		1,087,082