BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 30, 2015

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Summary of Changes in Allowance for Doubtful Accounts

A summary of the changes in the allowance for doubtful accounts for fiscal years ended April 30, 2015, 2014 and 2013 is as follows:

	(in thousands)
	2015			2014			2013
Balance at beginning of year	$	1,044		$	1,393		$	1,363
Provision		967			434			665
Write-off		(855	)		(783	)		(635	)
Balance at close of year	$	1,156		$	1,044		$	1,393

Summary of Total Gain on Involuntary Conversion

Final settlement of the 2012 Fire insurance claim was reached in fiscal year 2014 with total proceeds received of $5.1 million for redevelopment. Insurance proceeds for these events exceeded the basis in the assets requiring replacement, resulting in recognition of the following gains from involuntary conversion in fiscal years 2014 and 2013:
 

	(in thousands)
Year Ended April 30,	2014		2013
Gain on involuntary conversion
Flood	$	0	$	2,821
2012 Fire		2,480		2,263
Total gain on involuntary conversion	$	2,480	$	5,084