Investment Assets, Net

9 Months Ended

Jan. 31, 2013

Investment Assets [Abstract]

Investment Assets Disclosure [Text Block]

(3)           Investment Assets, Net

Investment assets, net consist of the following (in thousands):

	January 31, 2013			April 30, 2012
Land held for long-term investment	$	10,769		$	10,769
Other		753			753
Less accumulated depreciation and reserves		(429	)		(260	)
		324			493
	$	11,093		$	11,262

Land held for long-term investment represents property located in areas that are not planned to be developed in the near term and thus has not been offered for sale.  Other includes a sales center in Rio Rancho, New Mexico that is not in service and is under contract for sale.  Depreciation is no longer taken on the sales center and an impairment reserve of $169,000 was recorded as a charge to operations during the quarter ended July 31, 2012.