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EARNINGS PER SHARE (Tables)
 3 Months Ended
Jul. 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 months ended July 31, 2018 and 2017:  
 
(in thousands, except per share data)
 
Three Months Ended
July 31,
 
2018
 
2017
NUMERATOR
 

 
 

Income (loss) from continuing operations – controlling interests
$
2,405

 
$
(13,651
)
Income from discontinued operations – controlling interests
511

 
2,387

Net income (loss) attributable to controlling interests
2,916

 
(11,264
)
Dividends to preferred shareholders
(1,705
)
 
(2,286
)
Redemption of preferred shares
—

 
—

Numerator for basic earnings (loss) per share – net income available to common shareholders
1,211

 
(13,550
)
Noncontrolling interests – Operating Partnership
135

 
(1,644
)
Numerator for diluted earnings (loss) per share
$
1,346

 
$
(15,194
)
DENOMINATOR
 

 
 

Denominator for basic earnings per share weighted average shares
119,245

 
120,421

Effect of redeemable operating partnership units
14,026

 
15,128

Denominator for diluted earnings per share
133,271

 
135,549

Earnings (loss) per common share from continuing operations – basic and diluted
$
0.01

 
$
(0.13
)
Earnings per common share from discontinued operations – basic and diluted
—

 
0.02

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
$
0.01

 
$
(0.11
)