FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Apr. 30, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements on a Nonrecurring Basis

	(in thousands)
	Total		Level 1		Level 2		Level 3
April 30, 2016
Real estate held for sale	$	6,650	$	—	$	—	$	6,650
April 30, 2015
Real estate held for sale	$	7,100	$	—	$	—	$	7,100

Estimated Fair Values of Financial Instruments

The estimated fair values of our financial instruments as of April 30, 2016 and 2015 are as follows:

	(in thousands)
	2016				2015
	Amount		Fair Value		Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	$	66,698	$	66,698	$	48,970	$	48,970
Other investments		50		50		329		329
FINANCIAL LIABILITIES
Other debt		82,026		82,026		136,190		136,190
Lines of credit		17,500		17,500		60,500		60,500
Mortgages payable		817,324		866,649		596,965		673,043
Mortgages payable related to assets held for sale		68,824		78,690		366,824		451,379