BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Jul. 31, 2015

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Identified Intangible Assets and Intangible Liabilities

The Company’s identified intangible assets and intangible liabilities at July 31, 2015 and April 30, 2015 were as follows:

	(in thousands)
	July 31, 2015			April 30, 2015
Identified intangible assets (included in intangible assets):
Gross carrying amount	$	45,822		$	45,823
Accumulated amortization		(20,643	)		(19,610	)
Net carrying amount	$	25,179		$	26,213
Identified intangible liabilities (included in other liabilities):
Gross carrying amount	$	82		$	82
Accumulated amortization		(63	)		(61	)
Net carrying amount	$	19		$	21

Estimated Annual Amortization of Acquired Below-Market Leases, Net of Acquired Above-Market Leases

The estimated annual amortization of acquired below-market leases, net of acquired above-market leases, for each of the five succeeding fiscal years is as follows:

Year Ended April 30,	(in thousands)
2017	$	11
2018		(3	)
2019		(3	)
2020		(1	)
2021		0

Estimated Annual Amortization of All Other Identified Intangible Assets

The estimated annual amortization of all other identified intangible assets for each of the five succeeding fiscal years is as follows:

Year Ended April 30,	(in thousands)
2017	$	3,698
2018		3,469
2019		3,433
2020		3,390
2021		3,268