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DERIVATIVE INSTRUMENTS (Tables)
8 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value
The table below presents the fair value of our derivative financial instruments as well as their classification on our Consolidated Balance Sheets as of December 31, 2018, April 30, 2018 and April 30, 2017.
 
 
 
(in thousands)
 
 
 
(in thousands)
 
 
 
December 31, 2018
 
April 30, 2018
 
April 30, 2017
 
 
 
December 31, 2018
 
April 30, 2018
 
April 30, 2017
 
Balance Sheet Location
 
Fair Value

 
Fair Value
 
Fair Value
 
Balance Sheet Location
 
Fair Value

 
Fair Value
 
Fair Value
Derivative instruments - interest rate swaps
Other Assets
 
$
818

 
$
1,779

 

 
Accounts Payable and Accrued Expenses
 
$
1,675

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives designated as hedging instruments
 
 
$
818

 
$
1,779

 

 
 
 
$
1,675

 

 

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations as of December 31, 2018 and April 30, 2018.
 
(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
 
Transition Period Ended December 31,
 
Year Ended April 30,
 
 
 
Transition Period Ended December 31,
 
Year Ended April 30,
 
2018
 
2018
 
2017
 
 
 
2018
 
2018
 
2017
Interest rate contracts
$
(2,794
)
 
$
1,627

 

 
Interest expense
 
$
(159
)
 
$
(152
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives in cash flow hedging relationships
$
(2,794
)
 
$
1,627

 

 
 
 
$
(159
)
 
$
(152
)