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Note 7 - Pledged Assets, Notes Payable and Long-Term Debt (Detail) - Long-term Debt (USD $)
In Thousands, unless otherwise specified
Jan. 31, 2013
Apr. 30, 2012
Industrial Revenue Bonds, Series 2006A, 5-year adjustable interest rate based on the yield on 5-year United States Treasury Notes, plus .45% (1.89% as of January 31, 2013), due in monthly principal and interest payments beginning October 1, 2006 through maturity on September 1, 2026, secured by real estate. Effective September 1, 2011, the 5-year adjustable interest rate was reset to 1.89% for the next five years. $ 2,849 $ 2,985
Operating line of credit, $6,000,000 limit on borrowing capacity, prime rate (3.25% at October 31, 2012) plus/minus 0.5% performance based interest, due in full on October 30, 2014, secured by accounts receivable and inventory. The interest rate as of January 31, 2013 was 2.75%   750
2,849 3,735
Less current maturities 184 181
Total long-term debt $ 2,665 $ 3,554