Inventories

12 Months Ended

Apr. 30, 2021

Inventories [Abstract]

Inventories

Note 8 – Inventories

Inventories, net consisted of the following at April 30:

	2021			2020
Finished goods	$	31,704		$	36,014
Work-in-process		2,060			1,398
Paper and other materials		331			331
Total inventories before estimated sales returns and LIFO reserve		34,095			37,743
Inventory value of estimated sales returns		10,886			8,686
LIFO reserve		(2,443	)		(2,815	)
Inventories, net	$	42,538		$	43,614

See Note 2, “Summary of Significant Accounting Policies, Recently Issued and Recently Adopted Accounting Standards,” under the caption “Sales Return Reserves,” for a discussion of the Inventory value of estimated sales returns.

Finished goods not recorded at LIFO have been recorded at the lower of cost or net realizable value, which resulted in a reduction of $14.0 million and $16.1 million as of April 30, 2021 and 2020, respectively.