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EARNINGS PER SHARE (Tables)
 6 Months Ended
Oct. 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 six months ended October 31, 2018 and 2017:  
 
(in thousands, except per share data)
 
Three Months Ended
October 31,
 
Six Months Ended October 31,
 
2018
 
2017
 
2018
 
2017
NUMERATOR
 

 
 

 
 
 
 
Income (loss) from continuing operations – controlling interests
$
(4,558
)
 
$
(679
)
 
$
(2,153
)
 
$
(14,330
)
Income (loss) from discontinued operations – controlling interests
—

 
13,500

 
511

 
15,887

Net income (loss) attributable to controlling interests
(4,558
)
 
12,821

 
(1,642
)
 
1,557

Dividends to preferred shareholders
(1,706
)
 
(2,812
)
 
(3,411
)
 
(5,098
)
Redemption of preferred shares
—

 
(3,649
)
 
—

 
(3,649
)
Numerator for basic earnings (loss) per share – net income available to common shareholders
(6,264
)
 
6,360

 
(5,053
)
 
(7,190
)
Noncontrolling interests – Operating Partnership
(722
)
 
773

 
(587
)
 
(871
)
Numerator for diluted earnings (loss) per share
$
(6,986
)
 
$
7,133

 
$
(5,640
)
 
$
(8,061
)
DENOMINATOR
 

 
 

 
 

 
 

Denominator for basic earnings per share weighted average shares
119,396

 
120,144

 
119,320

 
120,282

Effect of redeemable operating partnership units
13,789

 
14,623

 
13,924

 
14,912

Denominator for diluted earnings per share
133,185

 
134,767

 
133,244

 
135,194

Earnings (loss) per common share from continuing operations – basic and diluted
$
(0.05
)
 
$
(0.06
)
 
$
(0.04
)
 
$
(0.19
)
Earnings (loss) per common share from discontinued operations – basic and diluted
—

 
0.11

 
—

 
0.13

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED
$
(0.05
)
 
$
0.05

 
$
(0.04
)
 
$
(0.06
)