XML 31 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Event
3 Months Ended
Jul. 31, 2014
Subsequent Event [Abstract]  
Subsequent Event

Note G - Subsequent Event

 

In August 2014 the Company and Wells Fargo Bank, N.A. agreed on a proposal to extend the existing senior secured credit facility for the existing three years from the date of closing.  The existing facility expires on October 31, 2015.  Under the terms of the proposal, financial covenants will be amended, an unused line fee will be added and net borrowing interest rates will be reduced.  The Company expects the transaction will close by October 31, 2014.