NOTE E - INVENTORIES

3 Months Ended

Jul. 31, 2015

NOTE E – INVENTORIES

Inventories, which are reported at the lower of cost or market, consist of the following:

	July 31, 2015		April 30, 2015
	(In thousands)

Raw Materials and Component Parts	$	24,796	$	24,274
Work in Progress		10,338		9,948
Finished Goods		3,956		4,017
	$	39,090	$	38,239

As of July 31, 2015 and April 30, 2015, approximately $32.5 million and $32.0 million, respectively, of total inventory is located in the United States, approximately $5.5 million and $5.4 million, respectively, is located in Belgium and approximately $1.0 million and $0.8 million, respectively, is located in China.