FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Oct. 31, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements on a Nonrecurring Basis

The aggregate fair value of these assets by their levels in the fair value hierarchy is as follows:

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

Estimated Fair Values of Financial Instruments

The estimated fair values of our financial instruments as of October 31, 2016 and April 30, 2016, are as follows:

	(in thousands)
	October 31, 2016				April 30, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	$	68,729	$	68,729	$	66,698	$	66,698
FINANCIAL LIABILITIES
Other debt		82,650		82,650		82,026		82,026
Lines of credit		47,500		47,500		17,500		17,500
Mortgages payable		783,790		827,127		817,324		866,649
Mortgages payable related to assets held for sale		68,695		70,286		68,824		78,690