SHARE BASED COMPENSATION (Tables)

12 Months Ended

Apr. 30, 2017

Total share based compensation expense recognized in the consolidated financial statements for the three years ended April 30, 2017 for all share-based awards was as follows (in thousands):


	Year Ended April 30,
	2017		2016		2015
Share based compensation expense	$	6	$	2,256	$	2,215

Schedule of Restricted Share Awards Activity

The activity for the three years ended April 30, 2017 related to our restricted share awards, excluding those subject to market conditions, was as follows.


		Wtd Avg Grant-
	Shares	Date Fair Value
Unvested at April 30, 2014	104,855	$	8.72
Granted	107,536		7.17
Vested	(79,181)		8.72
Forfeited	(25,674)		8.72
Unvested at April 30, 2015	107,536		7.17
Vested	(107,536)		7.17
Unvested at April 30, 2016	—
Granted	253,263		6.16
Vested	(21,308)		5.95
Forfeited	(36,817)		6.24
Unvested at April 30, 2017	195,138		6.17

Schedule of Grant Date Fair Value of Restricted Share Awards with Market Conditions

Share based awards with market conditions were granted under the LTIP during fiscal year 2017 with a fair market value, as determined using a Monte Carlo simulation, of $1.0 million.

Schedule of Unamortized value of Awards with Market Conditions

The unamortized value of awards with market conditions as of April 30, 2017 was approximately $300,000.