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EXCEL - IDEA: XBRL DOCUMENT - AMREP CORP.Financial_Report.xls
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v2.4.0.6
Pension Plan (Details Textual) (USD $)
3 Months Ended
Jul. 31, 2012
Pension Benefit Plan Accelerated Funding $ 11,700,000
Pension Contributions $ 3,000,000
Description of Defined Contribution Pension and Other Postretirement Plans The agreement also provides that if, before the expiration of one year from its date, the Company is unable to pay the remaining liability or adequately secure it with collateral acceptable to the PBGC, the Company will be required to either (i) provide a letter of credit equal to 110% of the remaining liability or establish a cash escrow for 100% of the remaining liability, to be maintained for five years or until the remaining liability is discharged, if sooner or (ii) discharge the remaining liability in quarterly installments over a five year period and secure it with collateral acceptable to the PBGC.