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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (5,903) $ 1,527
Income from discontinued operations 0 3,992
Loss from continuing operations (5,903) (2,465)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 537 606
Amortization of debt issuance costs 65 25
Non-cash credits and charges:    
Stock-based compensation 113 231
Deferred income tax benefit (1,798) (299)
Net periodic pension cost 98 649
Pension settlement 2,929 0
Write-off of deferred purchase price, net 5,636 0
Changes in assets and liabilities:    
Real estate inventory and investment assets 2,390 1,110
Other assets (89) (436)
Accounts payable and accrued expenses 161 196
Taxes receivable and payable 226 481
Other liabilities and deferred revenue 0 (134)
Accrued pension costs (3,600) (2,000)
Total adjustments 6,668 429
Net cash provided by (used in) operating activities of continuing operations 765 (2,036)
Net cash provided by operating activities of discontinued operations 0 2,628
Net cash provided by operating activities 765 592
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy 0 85
Capital expenditures (9) (8)
Net cash (used in) provided by investing activities of continuing operations (9) 77
Net cash provided by investing activities of discontinued operations 0 75
Net cash (used in) provided by investing activities (9) 152
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 4,662 3,121
Principal debt payments (2,057) (3,624)
Payments for debt issuance costs (95) (46)
Net cash provided by (used in) financing activities 2,510 (549)
Increase in cash, cash equivalents and restricted cash 3,266 195
Cash, cash equivalents and restricted cash, beginning of year 14,236 14,041
Cash, cash equivalents and restricted cash, end of year 17,502 14,236
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes (refunded) paid, net (153) (248)
Interest paid 182 215
Deferred purchase price (see Note 2) $ 0 $ 5,636