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EXCEL - IDEA: XBRL DOCUMENT - AMREP CORP.Financial_Report.xls
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v2.4.0.6
Investment Assets, Net
3 Months Ended
Jul. 31, 2012
Investment Assets [Abstract]  
Investment Assets Disclosure [Text Block]
(3)           Investment Assets, Net
 
Investment assets, net consist of the following (in thousands):
 
   
July 31,
2012
   
April 30,
2012
 
Land held for long-term investment
  $ 10,769     $ 10,769  
                 
Other
    753       753  
Less accumulated depreciation and reserves
    (429 )     (260 )
      324       493  
    $ 11,093     $ 11,262  
Land held for long-term investment represents property located in areas that are not planned to be developed in the near term and thus has not been offered for sale.  Other includes a sales center in Rio Rancho, New Mexico that is not in service and is held for sale.  Depreciation is no longer taken on the sales center and an impairment reserve of $169,000 was recorded as a charge to operations during the quarter ended July 31, 2012.