<ARTICLE> 5 <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> APR-30-1997 <PERIOD-END> JUL-31-1997 <CASH> 6,418 <SECURITIES> 0 <RECEIVABLES> 3,886 <ALLOWANCES> 0 <INVENTORY> 11,266 <CURRENT-ASSETS> 23,353 <PP&E> 140,736 <DEPRECIATION> 27,083 <TOTAL-ASSETS> 139,455 <CURRENT-LIABILITIES> 50,330 <BONDS> 51,278 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 58 <OTHER-SE> 32,452 <TOTAL-LIABILITY-AND-EQUITY> 139,455 <SALES> 6,915 <TOTAL-REVENUES> 33,074 <CGS> 5,682 <TOTAL-COSTS> 13,734 <OTHER-EXPENSES> 7,484 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,931 <INCOME-PRETAX> 9,925 <INCOME-TAX> 3,573 <INCOME-CONTINUING> 6,352 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,352 <EPS-PRIMARY> 1.07 <EPS-DILUTED> 1.07