Receivables, Net

3 Months Ended

Jul. 31, 2011

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

(2)           Receivables, Net

Receivables, net consist of the following accounts receivable (in thousands):

	July 31,  2011			April 30,  2011
Media services operations:
Subscription Fulfillment Services	$	14,629		$	13,780
Newsstand Distribution Services, net of estimated returns		10,034			13,226
Product Services and Other		2,022			1,961
		26,685			28,967
Less allowance for doubtful accounts		(843	)		(842	)
	$	25,842		$	28,125
Real estate operations and corporate:
Mortgage notes and other receivables	$	1,100		$	1,057
Less allowance for doubtful accounts		(450	)		(450	)
	$	650		$	607

Newsstand Distribution Services accounts receivable are net of estimated magazine returns of $38,244,000 at July 31, 2011 and $50,736,000 at April 30, 2011.  In addition, pursuant to an arrangement with one publisher customer of the Newsstand Distribution Services business, the publisher bears the credit risk of non-collection of amounts due from the customers to which the Company distributed the publisher's magazines under this arrangement.  Accounts receivable subject to this arrangement ($17,403,000 at July 31, 2011 and $16,574,000 at April 30, 2011) were netted against the related accounts payable due the publisher on the accompanying consolidated balance sheets.