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EARNINGS PER SHARE (Tables)
 9 Months Ended
Jan. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share
The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the condensed consolidated financial statements for the three and nine months ended January 31, 2018 and 2017:  
 
(in thousands, except per share data)
 
Three Months Ended
January 31,
 
Nine Months Ended
January 31,
 
2018
 
2017
 
2018
 
2017
NUMERATOR
 

 
 

 
 

 
 

Income (loss) from continuing operations – controlling interests
$
5,115

 
$
1,051

 
$
(9,215
)
 
$
(26,487
)
Income from discontinued operations – controlling interests
130,990

 
22,059

 
146,877

 
39,554

Net income attributable to controlling interests
136,105

 
23,110

 
137,662

 
13,067

Dividends to preferred shareholders
(1,766
)
 
(2,503
)
 
(6,864
)
 
(8,260
)
Redemption of preferred shares
(8
)
 
(1,435
)
 
(3,657
)
 
(1,435
)
Numerator for basic earnings per share – net income available to common shareholders
134,331

 
19,172

 
127,141

 
3,372

Noncontrolling interests – Operating Partnership
16,236

 
2,525

 
15,365

 
403

Numerator for diluted earnings per share
$
150,567

 
$
21,697

 
$
142,506

 
$
3,775

DENOMINATOR
 

 
 

 
 

 
 

Denominator for basic earnings per share weighted average shares
119,741

 
121,255

 
120,102

 
121,175

Effect of redeemable operating partnership units
14,434

 
16,120

 
14,768

 
16,229

Denominator for diluted earnings per share
134,175

 
137,375

 
134,870

 
137,404

Earnings (loss) per common share from continuing operations – basic and diluted
$
0.03

 
$
(0.03
)
 
$
(0.16
)
 
$
(0.30
)
Earnings per common share from discontinued operations – basic and diluted
1.09

 
0.19

 
1.22

 
0.33

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
$
1.12

 
$
0.16

 
$
1.06

 
$
0.03