IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES

12 Months Ended

Apr. 30, 2017

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES [Abstract]

IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES

NOTE 5 • IDENTIFIED INTANGIBLE ASSETS AND LIABILITIES

Our identified intangible assets and intangible liabilities at April 30, 2017 and 2016 were as follows:

	(in thousands)
	April 30, 2017		April 30, 2016
Identified intangible assets (included in intangible assets):
Gross carrying amount	$	6,102	$	8,088
Accumulated amortization		(5,444)		(6,230)
Net carrying amount	$	658	$	1,858
Identified intangible liabilities (included in other liabilities):
Gross carrying amount	$	156	$	159
Accumulated amortization		(76)		(55)
Net carrying amount	$	80	$	104

Amortization of identified intangible assets (a component of depreciation and amortization expense) was $1.2 million, $1.7 million and $1.5 million for the twelve months ended April 30, 2017, 2016 and 2015, respectively. The estimated annual amortization of identified intangible assets for each of the five succeeding fiscal years is immaterial.