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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jan. 31, 2023
Jan. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,107 $ 5,873
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 35 217
Amortization of debt issuance costs   71
Non-cash credits and charges:    
Share-based compensation 198 178
Deferred income tax provision (14,547) 1,771
Net periodic pension cost (254) (369)
Pension settlement expense 2,336  
Gain on debt forgiveness   (45)
Changes in assets and liabilities:    
Real estate inventory and investment assets (6,193) (5,608)
Other assets (860) (34)
Accounts payable and accrued expenses (1,280) (262)
Taxes payable, net (2,955) (379)
Net cash (used in) provided by operating activities (1,413) 1,413
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from corporate-owned life insurance policy   92
Capital expenditures of property and equipment (124) (1,259)
Net cash (used in) provided by investing activities (124) (1,167)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from debt financing 50 6,857
Principal debt payments (1,831) (4,554)
Payments for debt issuance costs   (50)
Net cash (used in) provided by financing activities (1,781) 2,253
(Decrease) increase in cash and cash equivalents (3,318) 2,499
Cash and cash equivalents, beginning of period 15,721 24,801
Cash and cash equivalents, end of period 12,403 27,300
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes refunded, net   $ 3
Interest paid $ 55