DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Oct. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Instruments

The table below presents the fair value of our derivative financial instruments as well as their classification on our Condensed Consolidated Balance Sheets as of October 31, 2018 and April 30, 2018.

		(in thousands)
		October 31, 2018		April 30, 2018
	Balance Sheet Location	Fair Value		Fair Value
Derivative instruments - interest rate swaps	Other Assets	$	3,321	$	1,779
Total derivatives designated as hedging instruments		$	3,321	$	1,779

Schedule of Derivative Instruments

The table below presents the effect of the Company’s derivative financial instruments on the Condensed Consolidated Statements of Operations as of October 31, 2018 and 2017.

	(in thousands)
	Gain (Loss) Recognized in OCI			Location of Gain (Loss) Reclassified from Accumulated OCI into Income	Gain (Loss) Reclassified from Accumulated OCI into Income
	2018		2017		2018		2017
Three months ended October 31,
Interest rate contracts	$	1,247	—	Interest expense	$	90	—
Total derivatives in cash flow hedging relationships	$	1,247	—		$	90	—
Six months ended October 31,
Interest rate contracts	$	1,455	—	Interest expense	$	119	—
Total derivatives in cash flow hedging relationships	$	1,455	—		$	119	—