INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS

9 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

(12) INFORMATION ABOUT THE COMPANY’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 nine month periods ended January 31, 2017 and 2016 (in thousands):

	Real Estate  Operations		Fulfillment  Services		Corporate and  Other		Consolidated
Three months ended January 31, 2017 (a):
Revenues	$	1,518	$	8,222	$	37	$	9,777
Net income (loss) from operations		(425)		95		504		174
Provision (benefit) for income taxes		(249)		54		291		96
Interest expense (income), net (b)		521		274		(773)		22
Depreciation and amortization		20		321		-		341
Impairment of real estate assets		150		-		-		150
EBITDA (c)	$	17	$	744	$	22	$	783
Capital expenditures	$	-	$	14	$	-	$	14
Three months ended January 31, 2016 (a):
Revenues	$	3,254	$	8,759	$	185	$	12,198
Net income (loss) from operations	$	(468)	$	(440)	$	339	$	(569)
Provision (benefit) for income taxes		(287)		(258)		308		(237)
Interest expense (income), net (b)		577		263		(498)		342
Depreciation and amortization		23		599		93		715
EBITDA (c)	$	(155)	$	164	$	242	$	251
Capital expenditures	$	-	$	384	$	-	$	384
Nine months ended January 31, 2017 (a):
Revenues	$	9,485	$	23,908	$	57	$	33,450
Net income (loss) from operations		(580)		21		1,475		916
Provision (benefit) for income taxes		(340)		16		765		441
Interest expense (income), net (b)		1,742		811		(2,225)		328
Depreciation and amortization		64		994		-		1,058
Impairment of real estate assets		150		-		-		150
EBITDA (c)	$	1,036	$	1,842	$	15	$	2,893
Capital expenditures	$	-	$	63	$	-	$	63
Nine months ended January 31, 2016 (a):
Revenues	$	5,678	$	26,666	$	650	$	32,994
Net income (loss) from operations	$	(1,825)	$	(1,722)	$	1,123	$	(2,424)
Provision (benefit) for income taxes		(1,088)		(1,011)		707		(1,392)
Interest expense (income), net (b)		1,844		612		(1,371)		1,085
Depreciation and amortization		68		1,992		108		2,168
EBITDA (c)	$	(1,001)	$	(129)	$	567	$	(563)
Capital expenditures	$	-	$	655	$	-	$	655

(a) Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

(b) Interest expense (income), net includes significant inter-segment interest expense (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.