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INFORMATION ABOUT THE COMPANY’S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS
 6 Months Ended
Oct. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
(8)        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 six month periods ended October 31, 2017 and 2016 (in thousands):
 
 
 
Real Estate
 
Fulfillment
Services
 
Corporate
 and
Other
 
Consolidated
 
Three months ended October 31, 2017 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
1,476
 
$
7,673
 
$
26
 
$
9,175
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from operations
 
$
(577)
 
$
560
 
$
295
 
$
278
 
Provision for income taxes
 
 
(338)
 
 
289
 
 
134
 
 
85
 
Interest expense (income), net
 
 
524
 
 
293
 
 
(799)
 
 
18
 
Depreciation
 
 
17
 
 
297
 
 
-
 
 
314
 
EBITDA (b)
 
$
(374)
 
$
1,439
 
$
(370)
 
$
695
 
Capital expenditures
 
$
-
 
$
19
 
$
-
 
$
19
 
  
 
 
Real Estate
 
Fulfillment
Services (c)
 
Corporate 
and
Other
 
Consolidated
 
Three months ended October 31, 2016 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
3,597
 
$
7,858
 
$
10
 
$
11,465
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(402)
 
$
(32)
 
$
546
 
$
112
 
Provision (benefit) for income taxes
 
 
(236)
 
 
(13)
 
 
257
 
 
8
 
Interest expense (income), net
 
 
574
 
 
268
 
 
(760)
 
 
82
 
Depreciation and amortization
 
 
20
 
 
330
 
 
-
 
 
350
 
EBITDA (b)
 
$
(44)
 
$
553
 
$
43
 
$
552
 
Capital expenditures
 
$
-
 
$
10
 
$
-
 
$
10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended October 31, 2017 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
4,223
 
$
16,234
 
$
44
 
$
20,501
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(397)
 
$
1,600
 
$
523
 
$
1,726
 
Provision (benefit) for income taxes
 
 
(204)
 
 
825
 
 
230
 
 
851
 
Interest expense (income), net
 
 
1,048
 
 
596
 
 
(1,613)
 
 
31
 
Depreciation and amortization
 
 
35
 
 
600
 
 
-
 
 
635
 
EBITDA (b)
 
$
482
 
$
3,621
 
$
(860)
 
$
3,243
 
Capital expenditures
 
$
-
 
$
29
 
$
-
 
$
29
 
Total assets
 
$
74,233
 
$
25,745
 
$
7,044
 
$
107,022
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended October 31, 2016 (a):
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
 
$
7,967
 
$
15,686
 
$
20
 
$
23,673
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) from operations
 
$
(155)
 
$
(74)
 
$
971
 
$
742
 
Provision (benefit) for income taxes
 
 
(91)
 
 
(38)
 
 
474
 
 
345
 
Interest expense (income), net
 
 
1,221
 
 
537
 
 
(1,452)
 
 
306
 
Depreciation and amortization
 
 
44
 
 
673
 
 
-
 
 
717
 
EBITDA (b)
 
$
1,019
 
$
1,098
 
$
(7)
 
$
2,110
 
Capital expenditures
 
$
-
 
$
49
 
$
-
 
$
49
 
Total assets
 
$
77,638
 
$
28,974
 
$
5,204
 
$
111,816
 
 
(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)
The Company uses EBITDA (which the Company defines as income (loss) 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.
 
(c)
Fulfillment services revenues and EBITDA for the six months ending October 31, 2017 included a pre-tax gain of $1,318,000 resulting from the settlement agreement with the State of Florida (see Note 6).