BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 30, 2017

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of effect of correction on Consolidated Statement of Operations

The following table presents the effect of this correction on our Consolidated Statement of Operations for the period affected:

	(in thousands, except per share data)
Year Ended April 30, 2016	As Previously Reported		Adjustment		As Revised
Interest income	$	2,256	$	(2,175)	$	81
Income before gain on sale of real estate and other investments, gain on bargain purchase and income from discontinued operations		6,216		(2,175)		4,041
Income from continuing operations		19,280		(2,175)		17,105
Income from discontinued operations		57,322		2,175		59,497
Earnings per common share from continuing operations - Investors Real Estate Trust - basic and diluted	$	0.08	$	(0.02)	$	0.06
Earnings per common share from discontinued operations - Investors Real Estate Trust - basic and diluted		0.41		0.02		0.43

Summary of Changes in Allowance for Doubtful Accounts

A summary of the changes in the allowance for doubtful accounts including properties held for sale for fiscal years ended April 30, 2017, 2016 and 2015 is as follows:

	(in thousands)
	2017		2016		2015
Balance at beginning of year	$	946	$	1,156	$	1,044
Provision		499		651		967
Write-off		(895)		(861)		(855)
Balance at close of year	$	550	$	946	$	1,156