FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jan. 31, 2016

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Measurements on a Nonrecurring Basis

The aggregate fair value of these assets by their levels in the fair value hierarchy is as follows:

	(in thousands)
	Total		Level 1		Level 2		Level 3
January 31, 2016
Real estate held for sale	$	20	$	0	$	0	$	20
April 30, 2015
Real estate held for sale		7,100		0		0		7,100

Estimated Fair Values of Financial Instruments

The estimated fair values of our financial instruments as of January 31, 2016 and April 30, 2015, are as follows:

	(in thousands)
	January 31, 2016				April 30, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
FINANCIAL ASSETS
Cash and cash equivalents	$	47,117	$	47,117	$	48,970	$	48,970
Other investments		50		50		329		329
FINANCIAL LIABILITIES
Other debt		140,155		139,658		144,090		143,749
Line of credit		17,500		17,500		60,500		60,500
Mortgages payable		761,645		803,479		668,112		749,604
Mortgages payable related to assets held for sale		10,661		12,757		306,716		374,818