Information About the Company's Operations in Different Industry Segments

6 Months Ended

Oct. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(12)         Information About the Comapny's Operations in Different Industry Segments

The following tables set forth summarized data relative to the industry segments in which the Company operated for the three and six month periods ended October 31, 2012 and 2011 (in thousands):

	Subscription Fulfillment Services		Newsstand Distribution Services			Product Services and Other (Kable)		Real Estate Operations			Corporate and Other			Consolidated
Three months ended October 31, 2012 (a):
Revenues	$	14,456	$	2,287		$	4,523	$	119		$	(68	)	$	21,317
Net income (loss)		289		111			345		(787	)		318			276
Provision (benefit) for income taxes		171		112			202		(382	)		169			272
Interest expense (income), net (b)		534		(365	)		30		498			(383	)		314
Depreciation and amortization		711		91			53		20			37			912
EBITDA (c)	$	1,705	$	(51	)	$	630	$	(651	)	$	141		$	1,774
Capital expenditures	$	61	$	201		$	-	$	-		$	-		$	262

Three months ended October 31, 2011 (a):
Revenues	$	16,510	$	2,552		$	2,958		$	1,396		$	(65	)	$	23,351
Net income (loss)		684		154			134			(130	)		241			1,083
Provision (benefit) for income taxes		420		177			79			(17	)		124			783
Interest expense (income), net (b)		561		(370	)		35			413			(283	)		356
Depreciation and amortization		1,082		134			64			21			37			1,338
EBITDA (c)	$	2,747	$	95		$	312		$	287		$	119		$	3,560
Capital expenditures	$	129	$	27		$	13		$	-		$	-		$	169
Six months ended October 31, 2012 (a):
Revenues	$	28,058	$	4,626		$	8,170		$	193		$	(134	)	$	40,913
Net income (loss)		46		263			472			(1,752	)		639			(332	)
Provision (benefit) for income taxes		28		225			277			(946	)		337			(79	)
Interest expense (income), net (b)		1,061		(718	)		57			984			(743	)		641
Depreciation and amortization		1,447		194			114			40			73			1,868
Impairment of assets		-		-			-			169			-			169
EBITDA (c)	$	2,582	$	(36	)	$	920		$	(1,505	)	$	306		$	2,267
Capital expenditures	$	91	$	201		$	-		$	-		$	-		$	292
Six months ended October 31, 2011 (a):
Revenues	$	33,186	$	4,899		$	5,312		$	1,578		$	(131	)	$	44,844
Net income (loss)		1,048		184			(22	)		(890	)		484			804
Provision (benefit) for income taxes		634		225			(13	)		(461	)		250			635
Interest expense (income), net (b)		1,132		(728	)		66			808			(561	)		717
Depreciation and amortization		2,189		271			128			41			74			2,703
EBITDA (c)	$	5,003	$	(48	)	$	159		$	(502	)	$	247		$	4,859
Capital expenditures	$	616	$	68		$	13		$	-		$	-		$	697

(a)   Revenue information provided for each segment includes amounts grouped as Interest and other in the accompanying statements of operations.  Corporate revenue is net of an intercompany revenue elimination.

(b)   Interest expense (income), net for Newsstand Distribution Services and Corporate and Other principally includes inter-segment interest income that is eliminated in consolidation.

(c)   The Company uses EBITDA (which the Company defines as income before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.