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INVESTMENT ASSETS
 9 Months Ended
Jan. 31, 2016
Investment Assets [Abstract]  
Investment Assets Disclosure [Text Block]
(4)
INVESTMENT ASSETS
 
Investment assets consist of (in thousands):
 
 
 
January 31,
2016
 
April 30,
2015
 
 
 
 
 
 
 
 
 
Land held for long-term investment
 
$
9,718
 
$
9,733
 
 
 
 
 
 
 
 
 
Warehouse facility
 
 
6,572
 
 
6,572
 
Less accumulated depreciation
 
 
(1,049)
 
 
(941)
 
 
 
 
5,523
 
 
5,631
 
 
 
$
15,241
 
$
15,364
 
 
Refer to Item 7 of Part II of the 2015 Form 10-K for detail about the warehouse facility in Fairfield, Ohio leased to Kable Product Services, Inc. In February 2016, El Dorado Utilities, Inc. (“El Dorado”), a subsidiary of AMREP Corporation, sold the warehouse facility to a third party. All of the accumulated depreciation noted above is associated with the warehouse facility.