AMREP (AXR) 10-Q 17 Mar 15 2015 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Jan. 31, 2015	Mar. 13, 2015
Document Information [Line Items]
Entity Registrant Name	AMREP CORP.
Entity Central Index Key	6207
Current Fiscal Year End Date	-26
Entity Filer Category	Smaller Reporting Company
Trading Symbol	AXR
Entity Common Stock, Shares Outstanding		8,056,454
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Jan-15
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and cash equivalents	$15,160	$7,511
Receivables, net	9,982	12,409
Real estate inventory	68,687	71,289
Investment assets, net	15,828	16,010
Property, plant and equipment, net	15,793	17,222
Intangible and other assets, net	10,787	12,678
Taxes receivable	0	12
Deferred income taxes, net	5,442	9,042
Assets held for sale	11,482	39,932
TOTAL ASSETS	153,161	186,105
LIABILITIES:
Accounts payable, net and accrued expenses	11,079	12,982
Notes payable:
Amounts due within one year	323	218
Amounts due beyond one year	3,993	4,186
Amounts due to related party	14,237	15,141
Notes payable	18,553	19,545
Taxes payable	89	0
Other liabilities and deferred revenue	4,944	4,215
Accrued pension cost	7,709	7,349
Liabilities held for sale	20,377	62,713
TOTAL LIABILITIES	62,751	106,804
SHAREHOLDERS' EQUITY:
Common stock, $.10 par value; shares authorized - 20,000,000; shares issued - 8,281,704 at January 31, 2015 and 7,444,704 at April 30, 2014	828	744
Capital contributed in excess of par value	50,537	46,264
Retained earnings	52,435	45,683
Accumulated other comprehensive loss, net	-9,175	-9,175
Treasury stock, at cost; 225,250 shares at January 31, 2015 and April 30, 2014	-4,215	-4,215
TOTAL SHAREHOLDERS' EQUITY	90,410	79,301
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$153,161	$186,105

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) [Parenthetical] (USD $)	Jan. 31, 2015	Apr. 30, 2014
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	8,281,704	7,444,704
Treasury stock, shares	225,250	225,250

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Retained Earnings (Unaudited) (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014		Jan. 31, 2015		Jan. 31, 2014
REVENUES:
Fulfillment services	$10,832		$15,843		$34,544		$44,849
Staffing services	3,174		2,749		7,836		7,445
Real estate land sales	1,861		1,443		4,758		2,867
Other	217		217		596		542
Revenues	16,084	[1]	20,252	[1]	47,734	[1]	55,703	[1]
COSTS AND EXPENSES:
Real estate land sales	822		1,400		3,232		2,589
Operating expenses:
Fulfillment services	9,420		12,391		28,693		36,920
Staffing services	3,087		2,846		7,586		7,517
Real estate selling expenses	51		57		178		176
Other	238		552		1,006		1,623
General and administrative expenses:
Fulfillment services	1,005		1,260		3,224		3,904
Staffing services	37		33		112		84
Real estate operations and corporate	752		886		2,398		2,635
Interest expense	410		434		1,239		1,309
Impairment of assets					925	[1]	0
Costs and Expenses, Total	15,822		19,859		48,593		56,757
Income from continuing operations before income taxes	262		393		-859		-1,054
Provision for income taxes	61	[1]	103	[1]	-327	[1]	-471	[1]
Income from continuing operations	201		290		-532		-583
Discontinued operations
Income (loss) from discontinued operations before income taxes	103		-640		11,500		-145
Provision (benefit) for income taxes	70		-339		4,216		-82
Income (loss) from discontinued operations	33		-301		7,284		-63
Net income (loss)	234		-11		6,752		-646
Retained earnings, beginning of period	52,201		47,987		45,683		63,920
Effect of issuance of common stock from treasury shares					0		-15,298
Retained earnings, end of period	$52,435		$47,976		$52,435		$47,976
Earnings (loss) per share - continuing operations - basic and diluted	$0.03		$0.04		($0.07)		($0.08)
Earnings (loss) per share - discontinued operations - basic and diluted	$0		($0.04)		$0.92		($0.01)
Earnings (loss) per share, net - basic and diluted	$0.03		$0		$0.85		($0.09)
Weighted average number of common shares outstanding	8,026		7,195		7,884		6,922
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows from Continuing Operations (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	($532)		($583)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Impairment of assets	925	[1]	0
Depreciation and amortization	2,434	[1]	2,457	[1]
Non-cash credits and charges:
Allowance for doubtful accounts	14		292
Stock-based compensation	95		17
Loss on disposal of assets, net	0		29
Changes in assets and liabilities, net of effects of discontinued operations:
Receivables	2,413		-1,502
Real estate inventory and investment assets	2,675		2,401
Intangible and other assets	789		221
Accounts payable and accrued expenses	-1,903		96
Taxes receivable and payable	101		99
Deferred income taxes and other liabilities	4,329		-545
Accrued pension costs	360		-2,503
Total adjustments	12,232		1,062
Net cash provided by operating activities	11,700		479
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures - property, plant and equipment	-731	[1]	-267	[1]
Net cash used in investing activities	-731		-267
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock, net	0		7,144
Proceeds from debt financing	949		732
Principal debt payments	-1,941		-1,311
Net advances to discontinued operations	-2,328		-1,525
Net cash provided by (used in) financing activities	-3,320		5,040
Increase in cash and cash equivalents	7,649		5,252
Cash and cash equivalents, beginning of period	7,511		2,490
Cash and cash equivalents, end of period	15,160		7,742
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	1,259		1,301
Income taxes paid, net	7		26
Non-cash transactions:
Issuance of common stock in settlement	$4,274		$0
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	-1	BASIS OF PRESENTATION
	The accompanying unaudited consolidated financial statements have been prepared by AMREP Corporation (the “Company”) pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim financial information, and do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The Company, through its subsidiaries, is primarily engaged in three business segments: the Fulfillment Services business operated by Palm Coast Data LLC (“Palm Coast”) and its subsidiary, FulCircle Media, LLC (“FulCircle”), the Staffing Services business operated by Kable Staffing Resources LLC (“Staffing Services”) and the real estate business operated by AMREP Southwest Inc. (“AMREP Southwest”) and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Refer to Note 2 for subsidiaries of the Company as of January 31, 2015 that are classified as held for sale and accounted for as discontinued operations.
	In the opinion of management, these unaudited consolidated financial statements include all adjustments, which are of a normal recurring nature, considered necessary to reflect a fair presentation of the results for the interim periods presented. The results of operations for such interim periods are not necessarily indicative of what may occur in future periods. Unless otherwise qualified, all references to 2015 and 2014 are to the fiscal years ending April 30, 2015 and 2014 and all references to the third quarter and first nine months of 2015 and 2014 mean the fiscal three and nine month periods ended January 31, 2015 and 2014.
	The unaudited consolidated financial statements herein should be read in conjunction with the Company’s annual report on Form 10-K for the year ended April 30, 2014, which was filed with the SEC on July 29, 2014.
	Recently Issued Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, which establishes a comprehensive revenue recognition standard under GAAP for virtually all industries. The new standard will apply for annual periods beginning after December 15, 2016, including interim periods therein. Early adoption is prohibited. The Company is currently evaluating the impact of ASU 2014-09 on its consolidated financial statements.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Jan. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]		-2	DISCONTINUED OPERATIONS
	On February 9, 2015, American Investment Republic Co. (“Seller”), a subsidiary of the Company, entered into a stock purchase agreement (the “Stock Purchase Agreement”) with DFI Holdings, LLC (“Distribution Buyer”) and KPS Holdco, LLC (“Products Buyer”, and together with Distribution Buyer, the “Buyers”), where each Buyer was controlled by Michael P. Duloc. The closing of the transactions contemplated by the Stock Purchase Agreement occurred on February 9, 2015 (the “Closing Date”). Pursuant to ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”, which the Company elected to adopt in 2015, the transaction meets the criteria of assets held for sale as of January 31, 2015 and, as such, is reported as discontinued operations in the accompanying financial statements.
	Prior to the Closing Date, Mr. Duloc was the chief executive officer and president of the Company Group (defined below) and certain other subsidiaries of the Company and was a principal executive officer of the Company. In connection with the closing of the transactions contemplated by the Stock Purchase Agreement, effective on February 9, 2015, Mr. Duloc was removed as an officer of each direct and indirect subsidiary of the Company and ceased to be a principal executive officer of the Company. Mr. Duloc is the son-in-law of Nicholas G. Karabots, a significant shareholder of the Company. Mr. Duloc’s spouse, who is Mr. Karabots’ daughter, is an officer of one of Mr. Karabots’ companies to which the Company Group and Palm Coast provide services.
	Pursuant to the Stock Purchase Agreement, Products Buyer acquired, through the purchase of all of the capital stock of Kable Product Services, Inc., the Company’s Product Packaging and Fulfillment Services business. Immediately following such acquisition, pursuant to the Stock Purchase Agreement, Distribution Buyer acquired, through the purchase of all of the capital stock of Kable Media Services, Inc. (“KMS”), the Company’s Newsstand Distribution Services business operated by KMS’s direct and indirect subsidiaries, namely Kable Distribution Services, Inc. (“Kable Distribution”), Kable News Company, Inc., Kable News International, Inc. and Kable Distribution Services of Canada, Ltd. (the entities acquired by Buyers are collectively referred to as the “Company Group”).
	Consideration for Buyers acquiring the Company Group included Buyers paying Seller $2,000,000, which consisted of $400,000 of cash paid by Buyers on the Closing Date and $1,600,000 paid by execution by Buyers of a secured promissory note, dated as of the Closing Date (the “Buyer Promissory Note”).
	As a result of the transaction, other than (i) the elimination of substantially all of the intercompany amounts of the Company Group due to or from the Company and its direct and indirect subsidiaries (not including the Company Group) through offset and capital contribution and (ii) certain other limited items identified in the Stock Purchase Agreement and the agreements entered into in connection with the Stock Purchase Agreement, the Company Group retained all of its pre-closing assets, liabilities, rights and obligations. At January 31, 2015, the Company Group had assets of $11,482,000 and liabilities of $20,377,000, which included $13,158,000 of negative working capital with respect to Kable Distribution. The negative working capital of Kable Distribution represented its net payment obligation due to publisher clients and other third parties. The Company expects to recognize a pretax gain of between $9,000,000 to $10,000,000 on its financial statements as a result of the transaction in the fourth quarter of fiscal year 2015.
	The following agreements, each dated as of the Closing Date, were entered into in connection with the Stock Purchase Agreement:
		⋅	Buyer Promissory Note. Buyers entered into the Buyer Promissory Note, which requires Buyers to pay Seller $1,600,000 in 24 equal monthly instalments, commencing on February 1, 2016, with interest due and payable monthly commencing on March 1, 2015. Interest accrues at a rate per annum determined on the first business day of each month equal to three percent plus the “prime rate,” as published in The Wall Street Journal. The Buyer Promissory Note contains customary events of default and representations, warranties and covenants provided by Buyers to Seller, and is secured by a pledge of substantially all of the personal property of Buyers and the Company Group, pari passu with other secured obligations owed by Buyers and the Company Group to Seller under the Stock Purchase Agreement and the agreements entered into in connection with the Stock Purchase Agreement.
		⋅	Transition Services Agreement. Seller and Buyers entered into a transition services agreement pursuant to which certain transition services will be provided for a limited time by Buyers to Seller and its affiliates and by Seller to the Company Group.
		⋅	Releases. (a) Seller entered into a release agreement in favor of the Company Group and its affiliates and (b) the Company Group, Buyers and Mr. Duloc entered into release agreements in favor of Seller and its affiliates. Subject to certain limited exceptions, each of the release agreements releases all claims that the releasing party may have against the parties being released.
		⋅	Line of Credit. Seller provided the Company Group with a secured revolving line of credit pursuant to a line of credit promissory note (the “Line of Credit”). The Line of Credit permits the Company Group to borrow from Seller up to a maximum principal amount of $2,000,000 from the Closing Date until May 11, 2015, $1,500,000 from May 12, 2015 until August 5, 2016 and $1,000,000 from August 6, 2016 until February 9, 2017, with interest due and payable monthly commencing on March 1, 2015.
	The principal amount permitted to be borrowed under the Line of Credit is subject to the following borrowing base: (a) from the Closing Date until May 11, 2015, (i) 50% of eligible accounts receivable of the Company Group and (ii) 45% of eligible unbilled receivables of Kable Distribution and from May 12, 2015 until February 9, 2017, (i) 50% of eligible accounts receivable of the Company Group and (ii) 30% of eligible unbilled receivables of Kable Distribution.
	Amounts outstanding under the Line of Credit accrue interest at a rate per annum as determined on the first business day of each month equal to three percent plus the “prime rate,” as published in The Wall Street Journal. Amounts available but not advanced under the Line of Credit accrue “unused” fees at a rate of 1.0% per annum, payable on the first day of each month. The Line of Credit contains customary events of default and representations, warranties and covenants provided by the Company Group to Seller, and is secured by a pledge of substantially all of the personal property of Buyers and the Company Group, pari passu with other secured obligations owed by Buyers and the Company Group to Seller under the Stock Purchase Agreement and the agreements entered into in connection with the Stock Purchase Agreement.
		⋅	Guaranty of Company Group. Buyers, the Company Group and Seller entered into a guaranty agreement pursuant to which Buyers and the Company Group guaranteed the full and prompt payment and performance of all agreements, covenants and obligations of Buyers or any member of the Company Group, including under the Stock Purchase Agreement, the Line of Credit, the Buyer Promissory Note and the other agreements entered into in connection with the Stock Purchase Agreement.
		⋅	Security Agreement. Buyers, the Company Group and Seller entered into a security agreement pursuant to which Buyers and the Company Group pledged and granted a security interest in substantially all of their personal property to Seller in order to secure the obligations of each Buyer and each member of the Company Group, including under the Stock Purchase Agreement, the Line of Credit, the Buyer Promissory Note and the other agreements entered into in connection with the Stock Purchase Agreement.
	The Company and its remaining direct and indirect subsidiaries retained their obligations under the Company’s defined benefit retirement plan, without any funding acceleration or other changes in any of the obligations thereunder as a result of the sale of the Company Group. In addition, a subsidiary of the Company retained its ownership of a warehouse used by Kable Product Services, Inc. in its operations, which remains subject to a market rate lease with Kable Product Services, Inc. with a term that expires in November 2018 and remains subject to a mortgage note payable to a third party lender with a maturity date of February 2018 and an outstanding principal balance of $4,118,000.
	The following table provides a reconciliation of the carrying amounts of major classes of assets and liabilities of the discontinued operations noted above to the assets and liabilities classified as held for sale in the accompanying balance sheets (in thousands):
			January 31,		April 30,
			2015		2014
	Carrying amounts of major classes of assets included as part of discontinued operations:
	Cash and cash equivalents		$	6,607	$	5,418
	Receivables, net			1,775		31,088
	Property, plant and equipment, net			655		821
	Intangible and other assets, net			2,445		2,605
	Total assets classified as held for sale in the accompanying balance sheets		$	11,482	$	39,932
	Carrying amounts of major classes of liabilities included as part of discontinued operations:
	Accounts payable, net and accrued expenses		$	19,056	$	61,654
	Notes payable			1,321		1,059
	Total liabilities classified as held for sale in the accompanying balance sheets		$	20,377	$	62,713
	The following table provides a reconciliation of the carrying amounts of components of pretax income or loss of the discontinued operations to the amounts reported in the accompanying statements of operations (in thousands):
	For the three months ended:		January 31,		January 31,
			2015		2014
	Components of pretax income (loss) from discontinued operations:
	Revenues		$	2,471	$	3,800
	Operating expenses			-1,981		-3,855
	General and administrative expenses			-386		-563
	Interest expense			-1		-22
	Income (loss) from discontinued operations before income taxes			103		-640
	Provision (benefit) for income taxes			70		-339
	Net income (loss) from discontinued operations		$	33	$	-301
	For the nine months ended:		January 31,		January 31,
			2015		2014
	Components of pretax income (loss) from discontinued operations:
	Revenues		$	8,505	$	12,053
	Operating expenses			-6,677		-10,608
	General and administrative expenses			-1,456		-1,517
	Interest expense			-27		-73
	Gain from settlement (Note 12)			11,155		-
	Income (loss) from discontinued operations before income taxes			11,500		-145
	Provision (benefit) for income taxes			4,216		-82
	Net income (loss) from discontinued operations		$	7,284	$	-63
	The following table provides the total operating and investing cash flows of the discontinued operations for the periods in which the results of operations of the discontinued operations are presented in the accompanying statements of operations (in thousands):
			January 31,		January 31,
			2015		2014
	Cash Flows from Discontinued Operating Activities:
	Net income (loss)		$	7,284	$	-63
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
	Gain on settlement			-11,155		-
	Depreciation and amortization			300		319
	Non-cash credits and charges:
	Allowance for doubtful accounts			-1,483		196
	Changes in assets and liabilities:
	Receivables			8,170		12,245
	Intangible and other assets			51		-591
Accounts payable and accrued expenses			-4,543		-11,834
Other liabilities			-		-134
Total adjustments			-8,660		201
Net cash provided by (used in) operating activities		$	-1,376	$	138
Cash Flows from Investing Activities:
Capital expenditures - property, plant and equipment		$	-25	$	-101
Proceeds from disposition of assets			-		222
Net cash provided by (used in) investing activities		$	-25	$	121

RECEIVABLES

RECEIVABLES	9 Months Ended
	Jan. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]		-3	RECEIVABLES
	Receivables, net consist of the following (in thousands):
			January 31,		April 30,
			2015		2014
	Fulfillment Services		$	8,428	$	11,406
	Staffing Services			1,970		1,465
	Real estate operations and corporate			38		-
				10,436		12,871
	Less allowance for doubtful accounts			-454		-462
			$	9,982	$	12,409

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Jan. 31, 2015
Property, Plant and Equipment Disclosure [Abstract]
Property, Plant and Equipment [Text Block]	-4	PROPERTY, PLANT AND EQUIPMENT
	Property, plant and equipment, net consist of the following (in thousands):
			January 31,		April 30,
			2015		2014
	Land, buildings and improvements		$	19,820	$	20,191
	Furniture and equipment			19,558		19,368
				39,378		39,559
	Less accumulated depreciation			-23,585		-22,337
			$	15,793	$	17,222
	The Company recorded an impairment charge of $925,000 related to certain assets of the Fulfillment Services business during the quarter ended July 31, 2014. Refer to Note 13 for further detail.

INTANGIBLE_AND_OTHER_ASSETS

INTANGIBLE AND OTHER ASSETS	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible and Other Assets [Text Block]		-5	INTANGIBLE AND OTHER ASSETS
	Intangible and other assets, net consist of the following (in thousands):
			January 31, 2015				April 30, 2014
			Cost		Accumulated		Cost		Accumulated
					Amortization				Amortization
	Customer contracts and relationships		$	16,986	$	10,404	$	16,986	$	9,342
	Prepaid expenses			2,402		-		3,054		-
	Deferred order entry costs			1,003		-		1,168		-
	Other			818		18		824		12
			$	21,209	$	10,422	$	22,032	$	9,354
	Deferred order entry costs represent costs incurred in connection with the data entry of customer subscription information to database files and are charged directly to operations generally over a twelve month period. Customer contracts and relationships are amortized on a straight line basis over twelve years.

ACCOUNTS_PAYABLE_NET_AND_ACCRU

ACCOUNTS PAYABLE, NET AND ACCRUED EXPENSES	9 Months Ended
	Jan. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]		-6	ACCOUNTS PAYABLE, NET AND ACCRUED EXPENSES
	Accounts payable, net and accrued expenses consist of the following (in thousands):
			January 31,		April 30,
			2015		2014
	Fulfillment Services		$	9,700	$	10,694
	Staffing Services			412		542
	Real estate operations and corporate			967		1,746
			$	11,079	$	12,982
	The January 31, 2015 accounts payable, net and accrued expenses total includes customer postage deposits of $5,843,000, accrued expenses of $1,518,000, trade payables of $1,333,000 and other of $2,385,000. The April 30, 2014 accounts payable, net and accrued expenses total includes customer postage deposits of $5,669,000, accrued expenses of $1,457,000, trade payables of $1,624,000 and other of $4,232,000.

NOTES_PAYABLE

NOTES PAYABLE	9 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]		-7	NOTES PAYABLE
	Notes payable consist of the following (in thousands):
			January 31,		April 30,
			2015		2014
	Credit facilities:
	PNC Credit Facility		$	-	$	-
	Real estate operations			14,237		15,141
	Other notes payable			4,316		4,404
			$	18,553	$	19,545
	PNC Credit Facility
	Palm Coast Data Holdco, Inc., Palm Coast, FulCircle and Staffing Services (collectively, the “PNC Borrowers”), each an indirect subsidiary of the Company, are parties to a revolving credit and security agreement with PNC Bank, N.A. (the “PNC Credit Facility”). The PNC Credit Facility provides the PNC Borrowers with a revolving credit loan and letter of credit facility that matures on May 12, 2015. The PNC Borrowers’ obligations under the PNC Credit Facility are secured by substantially all of their assets other than real property. On February 9, 2015, the PNC Borrowers entered into the fifth amendment (the “Fifth Amendment”) to the PNC Credit Facility. The Fifth Amendment provided PNC’s consent to the Stock Purchase Agreement (and the related agreements and transactions) (refer to Note 2 above), removed each member of the Company Group that was a party to the PNC Credit Facility as a borrower under the PNC Credit Facility, released the collateral of such member that was pledged as security for the obligations under the PNC Credit Facility and reduced the maximum loan amount available under the PNC Credit Facility from $15,000,000 to $7,500,000. No other material terms of the PNC Credit Facility changed in connection with the Fifth Amendment.
	At January 31, 2015, the borrowing availability of all of the borrowers under the PNC Credit Facility (including the Company Group) was $7,349,000. At January 31, 2015, there was $1,321,000 outstanding against this availability as the result of borrowings by the Company Group, which amount is included in the Company’s discontinued operations in liabilities held for sale in the accompanying financial statements. At January 31, 2015, the borrowing availability of the borrowers under the PNC Credit Facility other than the Company Group was $3,781,000. The highest amount borrowed under the PNC Credit Facility during the first nine months of 2015 was $6,569,000 and the interest rate at January 31, 2015 was 3.17%.
	Real Estate Loan
	AMREP Southwest has a loan with a company owned by Nicholas G. Karabots, a significant shareholder of the Company and in which another director of the Company has a 20% participation. The loan had an outstanding principal amount of $14,237,000 at January 31, 2015, is scheduled to mature on December 1, 2017, bears interest payable monthly at 8.5% per annum and is secured by a mortgage on all real property of AMREP Southwest in Rio Rancho, New Mexico and by a pledge of the stock of its subsidiary, Outer Rim Investments, Inc. The total book value of the real property collateralizing the loan was approximately $66,234,000 as of January 31, 2015. No payments of principal are required until maturity, except that the following amounts are required to be applied to the payment of the loan: (a) 25% of the net cash proceeds from any sales of real property by AMREP Southwest and (b) 25% of any royalty payments received by AMREP Southwest under the oil and gas lease described in Note 8.
	Other Notes Payable
	Other notes payable consist of a mortgage note payable with an outstanding principal balance of $4,119,000 on a warehouse with a maturity date of February 2018 and an interest rate of 6.35%, and $197,000 of an asset financing loan with a maturity date of December 2015 and an interest rate of 9.0%. The amount of Other notes payable due within one year totals $323,000.

DEFERRED_REVENUE

DEFERRED REVENUE	9 Months Ended
	Jan. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue Disclosure [Text Block]		-8	DEFERRED REVENUE
	During the second quarter of 2015, AMREP Southwest and one of its subsidiaries (collectively, “ASW”) entered into an Oil and Gas Lease and the Addendum thereto (collectively, the “Lease”) with Thrust Energy, Inc. and Cebolla Roja, LLC (collectively, the “Lessee”). Pursuant to the Lease, ASW leased to Lessee all minerals and mineral rights owned by ASW or for which ASW has executive rights in and under approximately 55,000 surface acres of land in Sandoval County, New Mexico (the “Leased Premises”) for the purpose of exploring for, developing, producing and marketing oil and gas. As partial consideration for entering into the Lease, the Lessee paid approximately $1,010,000 to ASW. The Lease will be in force for an initial term of four years and for as long thereafter as oil or gas is produced and marketed in paying quantities from the Leased Premises or for additional limited periods of time if Lessee undertakes certain operations or makes certain de minimis shut-in royalty payments. In addition, Lessee may extend the initial term of the Lease for an additional four years by paying ASW another payment of approximately $1,010,000. The Lease does not require Lessee to drill any oil or gas wells.
	Lessee has agreed to pay ASW a royalty on oil and gas produced from the Leased Premises of 1/7th of the gross proceeds received by Lessee from the sale of such oil and gas to an unaffiliated third party of Lessee or 1/7th of the market value of the oil and gas if sold to an affiliate of Lessee. ASW’s royalty will be charged with 1/7th of any expenses to place the oil and gas, if any, in marketable condition after it is brought to the surface. Amounts payable under the Lease will not be reduced by any payments made to other holders of mineral rights or other production royalty payment interests in the Leased Premises, other than payments pursuant to rights granted by ASW in deeds transferring portions of the Leased Premises to third parties, primarily in the 1960s and 1970s. ASW and Lessee may assign, in whole or in part, their interests in the Lease. The oil and gas from ASW’s mineral rights will not be pooled or unitized with any other oil and gas except as required by law. Lessee has assumed all risks and liabilities in connection with Lessee’s activities under the Lease and agreed to indemnify ASW with respect thereto. No royalties were received by ASW during the third quarter and first nine months of 2015.
	In addition, on September 8, 2014, AMREP Southwest entered into a Consent Agreement (the “Consent Agreement”) with the mortgage holder on certain portions of the Leased Premises, pursuant to which the mortgage holder provided its consent to AMREP Southwest entering into the Lease and agreed to enter into a subordination, non-disturbance and attornment agreement with Lessee. Pursuant to the Consent Agreement, AMREP Southwest agreed to pay the mortgage holder (a) 25% of any royalty payments received by AMREP Southwest under the Lease with respect to oil and gas produced from the Leased Premises, which will be credited against any outstanding loan amounts due to the mortgage holder from AMREP Southwest, and such payments will cease upon payment in full of such outstanding loan amounts and (b) a separate consent fee of $100,000, which will not be credited against the outstanding loan amounts due to the mortgage holder from AMREP Southwest.
	Revenue from this transaction is being recorded over the lease term and approximately $57,000 and $95,000 were recognized during the third quarter and first nine months of 2015, which is included in Other revenues in the accompanying financial statements. At January 31, 2015, there remained $815,000 of deferred revenue.
	El Dorado Utilities, Inc. (“El Dorado”), a subsidiary of the Company, has a lease agreement for a warehouse facility owned by El Dorado in Fairfield, Ohio, with Kable Product Services, Inc., a member of the Company Group sold February 9, 2015 (refer to Note 2). At the inception of the lease in November 2008, El Dorado recorded deferred revenue and Kable Product Services, Inc. recorded an Other asset amount, which amounts were being amortized over the lease term and, prior to January 31, 2015, were eliminated in consolidation. As a result of the sale of the Company Group, the deferred rent revenue is no longer eliminated in consolidation and is included in Other liabilities in the accompanying balance sheet. The amount of El Dorado’s deferred rent revenue totaled $1,070,000 and $1,157,000 at January 31, 2015 and April 30, 2014.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]		-9	FAIR VALUE MEASUREMENTS
	The Financial Instruments Topic of the Financial Accounting Standards Board Accounting Standards Codification requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. The Topic excludes all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following methods and assumptions are used in estimating fair value disclosure for financial instruments. The carrying amounts of cash and cash equivalents, trade receivables and trade payables approximate fair value because of the short maturity of these financial instruments. Debt that bears variable interest rates indexed to prime or LIBOR also approximates fair value as it re-prices when market interest rates change.
	At January 31, 2015 and April 30, 2014, the estimated fair values of the Company’s long-term, fixed-rate notes payable were $16,711,000 and $17,739,000 compared with carrying amounts of $18,553,000 and $19,545,000.

BENEFIT_PLANS

BENEFIT PLANS	9 Months Ended
	Jan. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]		-10	BENEFIT PLANS
	Retirement plan
	The Company has a defined benefit retirement plan for which accumulated benefits were frozen and future service credits were curtailed as of March 1, 2004. The Company has secured $5,019,000 of accrued pension-related obligations with first lien mortgages on certain real property in favor of the Pension Benefit Guaranty Corporation (the “PBGC”). On an annual basis, the Company is required to provide updated appraisals on each mortgaged property and, if the appraised value of the mortgaged properties is less than two times the amount of the accrued pension-related obligations secured by the mortgages, the Company is required to make a payment to its pension plan in an amount equal to one-half of the amount of the shortfall. During the third quarter and first nine months of 2015, there was no change in the appraised value of the mortgaged property that required the Company to make any additional payments to its pension plan.
	As disclosed in Note 2, in connection with the sale of certain of the Companies subsidiaries on February 9, 2015, the Company and its remaining direct and indirect subsidiaries retained their obligations under the Company’s defined benefit retirement plan, without any funding acceleration or other changes in any of the obligations thereunder as a result of the sale transaction.
	Equity compensation plan
	In 2006, the board of directors of the Company adopted and the shareholders approved the AMREP Corporation 2006 Equity Compensation Plan (the “Equity Plan”) that provides for the issuance of up to 400,000 shares of common stock of the Company to employees of the Company and its subsidiaries and non-employee members of the board of directors of the Company pursuant to incentive stock options, nonqualified stock options, stock appreciation rights, stock awards, stock units and other stock-based awards.
	Shares of restricted common stock that are issued under the Equity Plan (“restricted shares”) are considered to be issued and outstanding as of the grant date and have the same dividend and voting rights as other common stock. Compensation expense related to the restricted shares is recognized over the vesting period of each grant based on the fair value of the shares as of the date of grant. The fair value of each grant of restricted shares is determined based on the trading price of the Company’s common stock on the date of such grant, and this amount will be charged to expense over the vesting term of the grant.
	No shares vested or were issued during the third quarter of 2015. During the first nine months of 2015, 6,000 shares of common stock issued under the Equity Plan vested leaving 30,000 shares issued under the Equity Plan that have not vested. For the third quarter and first nine months of 2015, the Company recognized $29,000 and $95,000 of compensation expense related to all shares of common stock issued under the Equity Plan. As of January 31, 2015, there was $108,000 of total unrecognized compensation expense related to shares of common stock issued under the Equity Plan, which is expected to be recognized over the remaining vesting term not to exceed three years.

SHAREHOLDERS_EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Jan. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]		-11	SHAREHOLDERS’ EQUITY
	During the quarter ended July 31, 2014, the Company and its indirect subsidiaries, Kable Distribution and Palm Coast, entered into the Settlement Agreement with a significant customer resulting in the issuance by the Company to that customer of 825,000 shares of its common stock. See further detail regarding the Settlement Agreement in Note 12. As a result of the issuance of these shares, the Company increased its common stock account by $83,000 and its contributed capital account by $4,191,000.

GAIN_FROM_SETTLEMENT

GAIN FROM SETTLEMENT	9 Months Ended
	Jan. 31, 2015
Gain Loss From Settlement [Abstract]
Gain Loss From Settlement [Text Block]		-12	GAIN FROM SETTLEMENT
	During the quarter ended July 31, 2014, the Company and its indirect subsidiaries, Kable Distribution and Palm Coast, entered into the Settlement Agreement with a significant customer, Heinrich Bauer (USA) LLC (“Bauer”).
	Kable Distribution and Bauer were parties to an ordinary course of business contract pursuant to which Kable Distribution distributed certain magazines of Bauer in return for a commission. Palm Coast and Bauer were parties to an ordinary course of business contract pursuant to which Palm Coast provided certain fulfillment services to Bauer in return for service fees. During the first quarter of 2014, Kable Distribution received notice that its ordinary course of business contract with Bauer, which provided Kable Distribution with a substantial amount of negative working capital liquidity, would not be renewed upon its scheduled expiration in June 2014.
	Pursuant to the Settlement Agreement, Kable Distribution agreed to eliminate the commission paid by Bauer to Kable Distribution for distribution services through expiration of the contract period at June 30, 2014 and to amend the payment procedures with respect to amounts received by Kable Distribution from wholesalers or retailers relating to the domestic sale by Kable Distribution of Bauer magazines to such wholesalers or retailers; Palm Coast agreed to reduce certain fees charged to Bauer for fulfillment services, with Bauer agreeing to extend the term of its fulfillment agreement to at least December 31, 2018; and the Company agreed to issue to Bauer 825,000 shares of common stock of the Company, with a fair market value of $4,274,000 and which represented approximately 10.3% of the outstanding shares of common stock of the Company following such issuance, with Bauer agreeing to not sell or transfer such shares for a period of six months. In return for such consideration, Bauer released all claims it may have had against each of Kable Distribution, Palm Coast, the Company and its related persons, other than the obligations of Kable Distribution, Palm Coast and the Company under the Settlement Agreement, the future obligations of Kable Distribution under its distribution agreement as amended by the Settlement Agreement and the future obligations of Palm Coast under its fulfillment agreement as amended by the Settlement Agreement. In particular, the Settlement Agreement transferred to Bauer all amounts and accounts receivable owing from wholesalers to Kable Distribution relating to the domestic sale by Kable Distribution of Bauer magazines ($22,626,000) and released Kable Distribution from having to pay the accounts payable owed to Bauer relating to the domestic sale by Kable Distribution of Bauer magazines other than to the extent amounts had been received by Kable Distribution or Bauer on or after May 14, 2014 from wholesalers or retailers relating to the domestic sale by Kable Distribution of Bauer magazines to such wholesalers or retailers ($38,214,000). After considering the value of the various components of the Settlement Agreement, Kable Distribution recorded a pretax gain of $11,155,000 during the first quarter of 2015, which is included in income (loss) from discontinued operations.
	As discussed in Note 2, the results of operations of Kable Distribution are included in discontinued operations in the accompanying financial statements.

IMPAIRMENT_OF_ASSETS

IMPAIRMENT OF ASSETS	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Asset Impairment Charges [Text Block]	-13	IMPAIRMENT OF ASSETS
	During the quarter ended July 31, 2014, the Company’s Fulfillment Services business recognized a $925,000 impairment charge relating to the discontinuance of the development of certain software. The impairment charge included previously capitalized software costs, internal labor costs and third party consulting costs.

INFORMATION_ABOUT_THE_COMPANYS

INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS	9 Months Ended
	Jan. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]		-14	INFORMATION ABOUT THE COMPANY’S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS
	The following tables set forth summarized data relative to the industry segments in which the Company operated (other than with respect to discontinued operations) for the three and nine month periods ended January 31, 2015 and 2014 (in thousands).
				Fulfillment		Staffing		Real Estate		Corporate		Consolidated
				Services		Services		Operations		and
										Other
	Three months ended January 31, 2015 (a):
	Revenues		$	10,832	$	3,174	$	1,996	$	82	$	16,084
	Net income (loss) from continuing operations			-244		34		-42		453		201
	Provision (benefit) for income taxes			-148		11		-34		232		61
	Interest expense (income), net			179		2		687		-458		410
	Depreciation and amortization			733		-		23		36		792
	EBITDA (b)		$	520	$	47	$	634	$	263	$	1,464
	Capital expenditures		$	176	$	-	$	-	$	-	$	176
	Three months ended January 31, 2014 (a):
	Revenues		$	15,843	$	2,749	$	1,576	$	84	$	20,252
	Net income (loss) from continuing operations			907		-88		-942		413		290
	Provision (benefit) for income taxes			483		-46		-554		220		103
	Interest expense (income), net			184		-		700		-450		434
	Depreciation and amortization			778		-		20		36		834
	EBITDA (b)		$	2,352	$	-134	$	-776	$	219	$	1,661
	Capital expenditures		$	116	$	-	$	-	$	-	$	116
	Nine months ended January 31, 2015 (a):
	Revenues		$	34,544	$	7,836	$	5,105	$	249	$	47,734
	Net income (loss) from continuing operations			-545		74		-1,339		1,278		-532
	Provision (benefit) for income taxes			-140		50		-900		663		-327
	Interest expense (income), net			531		6		2,075		-1,373		1,239
	Depreciation and amortization			2,258		-		67		109		2,434
	Impairment of assets			925		-		-		-		925
	EBITDA (b)		$	3,029	$	130	$	-97	$	677	$	3,739
	Total assets excluding assets held for sale		$	42,874	$	2,105	$	85,432	$	11,268	$	141,679
	Total liabilities excluding liabilities		$	21,495	$	841	$	40,207	$	-20,169	$	42,374
	held for sale
	Capital expenditures		$	731	$	-	$	-	$	-	$	731
	Nine months ended January 31, 2014 (a):
	Revenues		$	44,849	$	7,445	$	3,156	$	253	$	55,703
	Net income (loss) from continuing operations			1,162		-109		-2,836		1,200		-583
	Provision (benefit) for income taxes			454		-55		-1,491		621		-471
	Interest expense (income), net			556		-		2,061		-1,308		1,309
	Depreciation and amortization			2,287		-		61		109		2,457
	EBITDA (b)		$	4,459	$	-164	$	-2,205	$	622	$	2,712
	Total assets excluding assets held for sale		$	60,039	$	1,801	$	88,352	$	-4,019	$	146,173
	Total liabilities excluding liabilities		$	37,276	$	593	$	43,868	$	-37,646	$	44,091
	held for sale
	Capital expenditures		$	267	$	-	$	-	$	-	$	267
	(a)	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.
		(b)	The Company uses EBITDA (which the Company defines as income before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Jan. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The following table provides a reconciliation of the carrying amounts of major classes of assets and liabilities of the discontinued operations noted above to the assets and liabilities classified as held for sale in the accompanying balance sheets (in thousands):
		January 31,		April 30,
		2015		2014
	Carrying amounts of major classes of assets included as part of discontinued operations:
	Cash and cash equivalents	$	6,607	$	5,418
	Receivables, net		1,775		31,088
	Property, plant and equipment, net		655		821
	Intangible and other assets, net		2,445		2,605
	Total assets classified as held for sale in the accompanying balance sheets	$	11,482	$	39,932
	Carrying amounts of major classes of liabilities included as part of discontinued operations:
	Accounts payable, net and accrued expenses	$	19,056	$	61,654
	Notes payable		1,321		1,059
	Total liabilities classified as held for sale in the accompanying balance sheets	$	20,377	$	62,713
	The following table provides a reconciliation of the carrying amounts of components of pretax income or loss of the discontinued operations to the amounts reported in the accompanying statements of operations (in thousands):
	For the three months ended:	January 31,		January 31,
		2015		2014
	Components of pretax income (loss) from discontinued operations:
	Revenues	$	2,471	$	3,800
	Operating expenses		-1,981		-3,855
	General and administrative expenses		-386		-563
	Interest expense		-1		-22
	Income (loss) from discontinued operations before income taxes		103		-640
	Provision (benefit) for income taxes		70		-339
	Net income (loss) from discontinued operations	$	33	$	-301
	For the nine months ended:	January 31,		January 31,
		2015		2014
	Components of pretax income (loss) from discontinued operations:
	Revenues	$	8,505	$	12,053
	Operating expenses		-6,677		-10,608
	General and administrative expenses		-1,456		-1,517
	Interest expense		-27		-73
	Gain from settlement (Note 12)		11,155		-
	Income (loss) from discontinued operations before income taxes		11,500		-145
	Provision (benefit) for income taxes		4,216		-82
	Net income (loss) from discontinued operations	$	7,284	$	-63
	The following table provides the total operating and investing cash flows of the discontinued operations for the periods in which the results of operations of the discontinued operations are presented in the accompanying statements of operations (in thousands):
		January 31,		January 31,
		2015		2014
	Cash Flows from Discontinued Operating Activities:
	Net income (loss)	$	7,284	$	-63
	Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
	Gain on settlement		-11,155		-
	Depreciation and amortization		300		319
	Non-cash credits and charges:
	Allowance for doubtful accounts		-1,483		196
	Changes in assets and liabilities:
	Receivables		8,170		12,245
	Intangible and other assets		51		-591
	Accounts payable and accrued expenses		-4,543		-11,834
	Other liabilities		-		-134
	Total adjustments		-8,660		201
	Net cash provided by (used in) operating activities	$	-1,376	$	138
	Cash Flows from Investing Activities:
	Capital expenditures - property, plant and equipment	$	-25	$	-101
	Proceeds from disposition of assets		-		222
	Net cash provided by (used in) investing activities	$	-25	$	121

RECEIVABLES_Tables

RECEIVABLES (Tables)	9 Months Ended
	Jan. 31, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Receivables, net consist of the following (in thousands):
		January 31,		April 30,
		2015		2014
	Fulfillment Services	$	8,428	$	11,406
	Staffing Services		1,970		1,465
	Real estate operations and corporate		38		-
			10,436		12,871
	Less allowance for doubtful accounts		-454		-462
		$	9,982	$	12,409

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Jan. 31, 2015
Property, Plant and Equipment Disclosure [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consist of the following (in thousands):
		January 31,		April 30,
		2015		2014
	Land, buildings and improvements	$	19,820	$	20,191
	Furniture and equipment		19,558		19,368
			39,378		39,559
	Less accumulated depreciation		-23,585		-22,337
		$	15,793	$	17,222

INTANGIBLE_AND_OTHER_ASSETS_Ta

INTANGIBLE AND OTHER ASSETS (Tables)	9 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Intangible and Other Assets [Table Text Block]	Intangible and other assets, net consist of the following (in thousands):
		January 31, 2015				April 30, 2014
		Cost		Accumulated		Cost		Accumulated
				Amortization				Amortization
	Customer contracts and relationships	$	16,986	$	10,404	$	16,986	$	9,342
	Prepaid expenses		2,402		-		3,054		-
	Deferred order entry costs		1,003		-		1,168		-
	Other		818		18		824		12
		$	21,209	$	10,422	$	22,032	$	9,354

ACCOUNTS_PAYABLE_NET_AND_ACCRU1

ACCOUNTS PAYABLE, NET AND ACCRUED EXPENSES (Tables)	9 Months Ended
	Jan. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	Accounts payable, net and accrued expenses consist of the following (in thousands):
		January 31,		April 30,
		2015		2014
	Fulfillment Services	$	9,700	$	10,694
	Staffing Services		412		542
	Real estate operations and corporate		967		1,746
		$	11,079	$	12,982

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	9 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Notes payable consist of the following (in thousands):
		January 31,		April 30,
		2015		2014
	Credit facilities:
	PNC Credit Facility	$	-	$	-
	Real estate operations		14,237		15,141
	Other notes payable		4,316		4,404
		$	18,553	$	19,545

INFORMATION_ABOUT_THE_COMPANYS1

INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS (Tables)	9 Months Ended
	Jan. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables set forth summarized data relative to the industry segments in which the Company operated (other than with respect to discontinued operations) for the three and nine month periods ended January 31, 2015 and 2014 (in thousands).
				Fulfillment		Staffing		Real Estate		Corporate		Consolidated
				Services		Services		Operations		and
										Other
	Three months ended January 31, 2015 (a):
	Revenues		$	10,832	$	3,174	$	1,996	$	82	$	16,084
	Net income (loss) from continuing operations			-244		34		-42		453		201
	Provision (benefit) for income taxes			-148		11		-34		232		61
	Interest expense (income), net			179		2		687		-458		410
	Depreciation and amortization			733		-		23		36		792
	EBITDA (b)		$	520	$	47	$	634	$	263	$	1,464
	Capital expenditures		$	176	$	-	$	-	$	-	$	176
	Three months ended January 31, 2014 (a):
	Revenues		$	15,843	$	2,749	$	1,576	$	84	$	20,252
	Net income (loss) from continuing operations			907		-88		-942		413		290
	Provision (benefit) for income taxes			483		-46		-554		220		103
	Interest expense (income), net			184		-		700		-450		434
	Depreciation and amortization			778		-		20		36		834
	EBITDA (b)		$	2,352	$	-134	$	-776	$	219	$	1,661
	Capital expenditures		$	116	$	-	$	-	$	-	$	116
	Nine months ended January 31, 2015 (a):
	Revenues		$	34,544	$	7,836	$	5,105	$	249	$	47,734
	Net income (loss) from continuing operations			-545		74		-1,339		1,278		-532
	Provision (benefit) for income taxes			-140		50		-900		663		-327
	Interest expense (income), net			531		6		2,075		-1,373		1,239
	Depreciation and amortization			2,258		-		67		109		2,434
	Impairment of assets			925		-		-		-		925
	EBITDA (b)		$	3,029	$	130	$	-97	$	677	$	3,739
	Total assets excluding assets held for sale		$	42,874	$	2,105	$	85,432	$	11,268	$	141,679
	Total liabilities excluding liabilities		$	21,495	$	841	$	40,207	$	-20,169	$	42,374
	held for sale
	Capital expenditures		$	731	$	-	$	-	$	-	$	731
	Nine months ended January 31, 2014 (a):
	Revenues		$	44,849	$	7,445	$	3,156	$	253	$	55,703
	Net income (loss) from continuing operations			1,162		-109		-2,836		1,200		-583
	Provision (benefit) for income taxes			454		-55		-1,491		621		-471
	Interest expense (income), net			556		-		2,061		-1,308		1,309
	Depreciation and amortization			2,287		-		61		109		2,457
	EBITDA (b)		$	4,459	$	-164	$	-2,205	$	622	$	2,712
	Total assets excluding assets held for sale		$	60,039	$	1,801	$	88,352	$	-4,019	$	146,173
	Total liabilities excluding liabilities		$	37,276	$	593	$	43,868	$	-37,646	$	44,091
	held for sale
	Capital expenditures		$	267	$	-	$	-	$	-	$	267
	(a)	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.
		(b)	The Company uses EBITDA (which the Company defines as income before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Carrying amounts of major classes of assets included as part of discontinued operations:
Cash and cash equivalents	$6,607	$5,418
Receivables, net	1,775	31,088
Property, plant and equipment, net	655	821
Intangible and other assets, net	2,445	2,605
Total assets classified as held for sale in the accompanying balance sheets	11,482	39,932
Carrying amounts of major classes of liabilities included as part of discontinued operations:
Accounts payable, net and accrued expenses	19,056	61,654
Notes payable	1,321	1,059
Total liabilities classified as held for sale in the accompanying balance sheets	$20,377	$62,713

DISCONTINUED_OPERATIONS_Detail1

DISCONTINUED OPERATIONS (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Jan. 31, 2014
Components of pretax income (loss) from discontinued operations:
Revenues	$2,471	$3,800	$8,505	$12,053
Operating expenses	-1,981	-3,855	-6,677	-10,608
General and administrative expenses	-386	-563	-1,456	-1,517
Interest expense	-1	-22	-27	-73
Gain from settlement (Note 12)			11,155	0
Income (loss) from discontinued operations before income taxes	103	-640	11,500	-145
Provision (benefit) for income taxes	70	-339	4,216	-82
Net income (loss) from discontinued operations	$33	($301)	$7,284	($63)

DISCONTINUED_OPERATIONS_Detail2

DISCONTINUED OPERATIONS (Details 2) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014		Jan. 31, 2015		Jan. 31, 2014
Cash Flows from Discontinued Operating Activities:
Net income (loss)	$33		($301)		$7,284		($63)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on settlement					-11,155		0
Depreciation and amortization	792	[1]	834	[1]	2,434	[1]	2,457	[1]
Non-cash credits and charges:
Allowance for doubtful accounts					14		292
Changes in assets and liabilities:
Accounts payable and accrued expenses					-1,903		96
Total adjustments					12,232		1,062
Cash Flows from Investing Activities:
Capital expenditures - property, plant and equipment	-176	[1]	-116	[1]	-731	[1]	-267	[1]
Discontinued Operations [Member]
Cash Flows from Discontinued Operating Activities:
Net income (loss)					7,284		-63
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain on settlement					-11,155		0
Depreciation and amortization					300		319
Non-cash credits and charges:
Allowance for doubtful accounts					-1,483		196
Changes in assets and liabilities:
Receivables					8,170		12,245
Intangible and other assets					51		-591
Accounts payable and accrued expenses					-4,543		-11,834
Other liabilities					0		-134
Total adjustments					-8,660		201
Net cash provided by (used in) operating activities					-1,376		138
Cash Flows from Investing Activities:
Capital expenditures - property, plant and equipment					-25		-101
Proceeds from disposition of assets					0		222
Net cash provided by (used in) investing activities					($25)		$121
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

DISCONTINUED_OPERATIONS_Detail3

DISCONTINUED OPERATIONS (Details Textual) (USD $)	1 Months Ended	0 Months Ended
	Jan. 31, 2015	Feb. 09, 2015	Apr. 30, 2014	Feb. 09, 2017	Aug. 05, 2016	11-May-15
Net Working Capital	$13,158,000
Notes Payable, Total	18,553,000		19,545,000
Assets, Total	153,161,000		186,105,000
Liabilities, Total	62,751,000		106,804,000
Disposal Group, Including Discontinued Operation, Assets	11,482,000		39,932,000
Disposal Group, Including Discontinued Operation, Liabilities	20,377,000		62,713,000
Minimum [Member]
Discontinued Operation Pro Forma Net Income Loss Before Tax	9,000,000
Maximum [Member]
Discontinued Operation Pro Forma Net Income Loss Before Tax	10,000,000
Kable Distribution Services Inc [Member]
Disposal Group, Including Discontinued Operation, Assets	11,482,000
Disposal Group, Including Discontinued Operation, Liabilities	20,377,000
Mortgage notes [Member]
Notes Payable, Total	4,118,000
Subsequent Event [Member]
Proceeds from Divestiture of Businesses and Interests in Affiliates		2,000,000
Line of Credit Facility, Maximum Borrowing Capacity				1,000,000	1,500,000	2,000,000
Line of Credit Facility, Borrowing Capacity, Description		The principal amount permitted to be borrowed under the Line of Credit is subject to the following borrowing base: (a) from the Closing Date until May 11, 2015, (i) 50% of eligible accounts receivable of the Company Group and (ii) 45% of eligible unbilled receivables of Kable Distribution and from May 12, 2015 until February 9, 2017, (i) 50% of eligible accounts receivable of the Company Group and (ii) 30% of eligible unbilled receivables of Kable Distribution.
Line Of Credit Facility Unused Fee Percentage		1.00%
Subsequent Event [Member] | Buyer Promissory Note [Member]
Proceeds from Divestiture of Businesses and Interests in Affiliates		1,600,000
Subsequent Event [Member] | Cash [Member]
Proceeds from Divestiture of Businesses and Interests in Affiliates		$400,000

RECEIVABLES_Details

RECEIVABLES (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Media Services operations:
Accounts Receivable, Gross	$10,436	$12,871
Less allowance for doubtful accounts	-454	-462
Accounts Receivable, Net	9,982	12,409
Real Estate Operations and Corporate [Member]
Media Services operations:
Accounts Receivable, Gross	38	0
Fulfillment Services [Member]
Media Services operations:
Accounts Receivable, Gross	8,428	11,406
Staffing Services [Member]
Media Services operations:
Accounts Receivable, Gross	$1,970	$1,465

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$39,378	$39,559
Less accumulated depreciation	-23,585	-22,337
Property, plant and equipment, net	15,793	17,222
Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	19,820	20,191
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$19,558	$19,368

PROPERTY_PLANT_AND_EQUIPMENT_D1

PROPERTY, PLANT AND EQUIPMENT (Details Textual) (USD $)	9 Months Ended			3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014	Jul. 31, 2014
Property, Plant and Equipment [Line Items]
Impairment of assets	$925	[1]	$0
Fulfillment Services [Member]
Property, Plant and Equipment [Line Items]
Impairment of assets	$925	[1]		$925
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

INTANGIBLE_AND_OTHER_ASSETS_De

INTANGIBLE AND OTHER ASSETS (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	$21,209	$22,032
Finite-Lived Intangible Assets, Accumulated Amortization	10,422	9,354
Customer Contracts and Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	16,986	16,986
Finite-Lived Intangible Assets, Accumulated Amortization	10,404	9,342
Prepaid Expenses [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	2,402	3,054
Finite-Lived Intangible Assets, Accumulated Amortization	0	0
Deferred Order Entry Costs [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	1,003	1,168
Finite-Lived Intangible Assets, Accumulated Amortization	0	0
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	818	824
Finite-Lived Intangible Assets, Accumulated Amortization	$18	$12

ACCOUNTS_PAYABLE_NET_AND_ACCRU2

ACCOUNTS PAYABLE, NET AND ACCRUED EXPENSES (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Accounts Payable and Accrued Liabilities Disclosure [Line Items]
Accounts payable, net and accrued expenses	$11,079	$12,982
Real Estate Operations and Corporate [Member]
Accounts Payable and Accrued Liabilities Disclosure [Line Items]
Accounts payable, net and accrued expenses	967	1,746
Staffing Services [Member]
Accounts Payable and Accrued Liabilities Disclosure [Line Items]
Accounts payable, net and accrued expenses	412	542
Fulfillment Services [Member]
Accounts Payable and Accrued Liabilities Disclosure [Line Items]
Accounts payable, net and accrued expenses	$9,700	$10,694

ACCOUNTS_PAYABLE_NET_AND_ACCRU3

ACCOUNTS PAYABLE, NET AND ACCRUED EXPENSES (Details Textual) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Accounts Payable and Accrued Liabilities Disclosure [Line Items]
Accrued Liabilities	$1,518,000	$1,457,000
Customer Postage Deposits Current And Noncurrent	5,843,000	5,669,000
Accounts Payable, Trade	1,333,000	1,624,000
Other Accounts Payable and Accrued Liabilities	$2,385,000	$4,232,000

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Jan. 31, 2015	Apr. 30, 2014
In Thousands, unless otherwise specified
Credit facilities:
Notes Payable	$18,553	$19,545
Other notes payable [Member]
Credit facilities:
Notes Payable	4,316	4,404
PNC Credit Facility [Member]
Credit facilities:
Notes Payable	0	0
Real estate operations [Member]
Credit facilities:
Notes Payable	$14,237	$15,141

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)	9 Months Ended
	Jan. 31, 2015
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$3,781,000
Mortgage Notes Payable	4,119,000
Mortgage Loan Of Real Estate Final Maturity Date	Feb-18
Mortgage Loans on Real Estate, Interest Rate	6.35%
Equipment Loan	197,000
Equipment Loan Maturity Date	Dec-15
Equipment Loan Interest Rate	9.00%
Other Notes Payable, Current	323,000
Real Estate Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	8.50%
Notes Payable, Related Parties, Noncurrent	14,237,000
Debt Instrument, Maturity Date	1-Dec-17
Book Value Of Real Estate Property Collateralized	66,234,000
Line Of Credit Facility Participation Percentage Purchased	20.00%
Debt Instrument, Payment Terms	No payments of principal are required until maturity, except that the following amounts are required to be applied to the payment of the loan: (a) 25% of the net proceeds from any sales of real property by AMREP Southwest and (b) 25% of any royalty payments received by AMREP Southwest under the oil and gas lease
PNC Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	7,349,000
Long-term Line of Credit	1,321,000
Debt Instrument, Interest Rate During Period	3.17%
Maximum Amount Borrowed	6,569,000
PNC Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	7,500,000
PNC Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$15,000,000

DEFERRED_REVENUE_Details_Textu

DEFERRED REVENUE (Details Textual) (USD $)	3 Months Ended		9 Months Ended
	Jan. 31, 2015	Oct. 31, 2014	Jan. 31, 2015	Jul. 31, 2014	Apr. 30, 2014
				acre
Deferred Revenue Arrangement [Line Items]
Area of Land				55,000
Deferred Revenue, Leases, Gross		$1,010,000
Lessee Leasing Arrangements, Operating Leases, Term of Contract		4 years
Description of Lessee Leasing Arrangements, Operating Leases		Lessee may extend the initial term of the Lease for an additional four years by paying ASW another payment of approximately $1,010,000.
Percentage Of Royalty Payments To Mortgage Holder		25.00%
Consent Fee		100,000
Operating Leases, Income Statement, Lease Revenue	57,000		95,000
Deferred Revenue, Leases, Net	815,000		815,000
El Dorado Utilities, Inc [Member]
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Leases, Net	$1,070,000		$1,070,000		$1,157,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details Textual) (USD $)	Jan. 31, 2015	Apr. 30, 2014
Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	$18,553,000	$19,545,000
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	$16,711,000	$17,739,000

BENEFIT_PLANS_Details_Textual

BENEFIT PLANS (Details Textual) (USD $)	9 Months Ended		3 Months Ended	12 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Jan. 31, 2015	Dec. 31, 2006
Defined Benefit Plan Disclosure [Line Items]
Share-based Compensation, Total	$95,000	$17,000
Equity Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				400,000
Share-based Compensation, Total	95,000		29,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	108,000		108,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	6,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	30,000		30,000
PBGC [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued Pension Benefit Plan Obligation	$5,019,000

SHAREHOLDERS_EQUITY_Details_Te

SHAREHOLDERS' EQUITY (Details Textual) (USD $)	9 Months Ended	3 Months Ended
	Jan. 31, 2015	Jul. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, New Issues	$4,274,000
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues	825,000
Common Stock [Member] | Kable Distribution and Palm Coast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, New Issues		825,000
Stock Issued During Period, Value, New Issues		83,000
Additional Paid-in Capital [Member] | Kable Distribution and Palm Coast [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Value, New Issues		$4,191,000

GAIN_FROM_SETTLEMENT_Details_T

GAIN FROM SETTLEMENT (Details Textual) (USD $)	9 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Gain Loss From Settlement [Line Items]
Stock Issued During Period, Value, New Issues	$4,274,000
Stock Issued During Period, Percentage	10.30%
Reduction of Accounts Receivable Due To Settlement	-22,626,000
Reduction of Accounts Payable Due To Settlement	-38,214,000
Gain Loss on Settlement	$11,155,000	$0
Common Stock [Member]
Gain Loss From Settlement [Line Items]
Stock Issued During Period, Shares, New Issues	825,000

IMPAIRMENT_OF_ASSETS_Details_T

IMPAIRMENT OF ASSETS (Details Textual) (USD $)	9 Months Ended			3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015		Jan. 31, 2014	Jul. 31, 2014
Indefinite-lived Intangible Assets [Line Items]
Asset Impairment Charges, Total	$925	[1]	$0
Fulfillment Services [Member]
Indefinite-lived Intangible Assets [Line Items]
Asset Impairment Charges, Total	$925	[1]		$925
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.

INFORMATION_ABOUT_THE_COMPANYS2

INFORMATION ABOUT THE COMPANY'S OPERATIONS IN DIFFERENT INDUSTRY SEGMENTS (Details) (USD $)	3 Months Ended					9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2015		Jul. 31, 2014	Jan. 31, 2014		Jan. 31, 2015		Jan. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$16,084	[1]		$20,252	[1]	$47,734	[1]	$55,703	[1]
Net income (loss) from continuing operations	201	[1]		290	[1]	-532	[1]	-583	[1]
Provision (benefit) for income taxes	61	[1]		103	[1]	-327	[1]	-471	[1]
Interest expense (income), net	410	[1]		434	[1]	1,239	[1]	1,309	[1]
Depreciation and amortization	792	[1]		834	[1]	2,434	[1]	2,457	[1]
Impairment of assets						925	[1]	0
EBITDA	1,464	[1]		1,661	[1],[2]	3,739	[1],[2]	2,712	[1],[2]
Total assets excluding assets held for sale	141,679	[1]		146,173	[1]	141,679	[1]	146,173	[1]
Total liabilities excluding liabilities held for sale	42,374	[1]		44,091	[1]	42,374	[1]	44,091	[1]
Capital expenditures	176	[1]		116	[1]	731	[1]	267	[1]
Fulfillment Services [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	10,832	[1]		15,843	[1]	34,544	[1]	44,849	[1]
Net income (loss) from continuing operations	-244	[1]		907	[1]	-545	[1]	1,162	[1]
Provision (benefit) for income taxes	-148	[1]		483	[1]	-140	[1]	454	[1]
Interest expense (income), net	179	[1]		184	[1]	531	[1]	556	[1]
Depreciation and amortization	733	[1]		778	[1]	2,258	[1]	2,287	[1]
Impairment of assets			925			925	[1]
EBITDA	520	[1]		2,352	[1],[2]	3,029	[1],[2]	4,459	[1],[2]
Total assets excluding assets held for sale	42,874	[1]		60,039	[1]	42,874	[1]	60,039	[1]
Total liabilities excluding liabilities held for sale	21,495	[1]		37,276	[1]	21,495	[1]	37,276	[1]
Capital expenditures	176	[1]		116	[1]	731	[1]	267	[1]
Staffing Services [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	3,174	[1]		2,749	[1]	7,836	[1]	7,445	[1]
Net income (loss) from continuing operations	34	[1]		-88	[1]	74	[1]	-109	[1]
Provision (benefit) for income taxes	11	[1]		-46	[1]	50	[1]	-55	[1]
Interest expense (income), net	2	[1]		0	[1]	6	[1]	0	[1]
Depreciation and amortization	0	[1]		0	[1]	0	[1]	0	[1]
Impairment of assets						0	[1]
EBITDA	47	[1]		-134	[1],[2]	130	[1],[2]	-164	[1],[2]
Total assets excluding assets held for sale	2,105	[1]		1,801	[1]	2,105	[1]	1,801	[1]
Total liabilities excluding liabilities held for sale	841	[1]		593	[1]	841	[1]	593	[1]
Capital expenditures	0	[1]		0	[1]	0	[1]	0	[1]
Real Estate Operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,996	[1]		1,576	[1]	5,105	[1]	3,156	[1]
Net income (loss) from continuing operations	-42	[1]		-942	[1]	-1,339	[1]	-2,836	[1]
Provision (benefit) for income taxes	-34	[1]		-554	[1]	-900	[1]	-1,491	[1]
Interest expense (income), net	687	[1]		700	[1]	2,075	[1]	2,061	[1]
Depreciation and amortization	23	[1]		20	[1]	67	[1]	61	[1]
Impairment of assets						0	[1]
EBITDA	634	[1]		-776	[1],[2]	-97	[1],[2]	-2,205	[1],[2]
Total assets excluding assets held for sale	85,432	[1]		88,352	[1]	85,432	[1]	88,352	[1]
Total liabilities excluding liabilities held for sale	40,207	[1]		43,868	[1]	40,207	[1]	43,868	[1]
Capital expenditures	0	[1]		0	[1]	0	[1]	0	[1]
Corporate and Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	82	[1]		84	[1]	249	[1]	253	[1]
Net income (loss) from continuing operations	453	[1]		413	[1]	1,278	[1]	1,200	[1]
Provision (benefit) for income taxes	232	[1]		220	[1]	663	[1]	621	[1]
Interest expense (income), net	-458	[1]		-450	[1]	-1,373	[1]	-1,308	[1]
Depreciation and amortization	36	[1]		36	[1]	109	[1]	109	[1]
Impairment of assets						0	[1]
EBITDA	263	[1]		219	[1],[2]	677	[1],[2]	622	[1],[2]
Total assets excluding assets held for sale	11,268	[1]		-4,019	[1]	11,268	[1]	-4,019	[1]
Total liabilities excluding liabilities held for sale	-20,169	[1]		-37,646	[1]	-20,169	[1]	-37,646	[1]
Capital expenditures	$0	[1]		$0	[1]	$0	[1]	$0	[1]
[1]	Revenue information provided for each segment includes amounts grouped as Other in the accompanying consolidated statements of operations. Corporate and Other is net of intercompany eliminations.
[2]	The Company uses EBITDA (which the Company defines as income before net interest expense, income taxes, depreciation and amortization, and non-cash impairment charges) in addition to net income (loss) as a key measure of profit or loss for segment performance and evaluation purposes.