v3.26.1
Property, Plant and Equipment, Net
12 Months Ended
Apr. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property, Plant, and Equipment [Text Block]

5. Property, Plant and Equipment, net

 

Property, plant and equipment, net, at April 30, 2026 and 2025, consisted of the following (in thousands):

 

   April 30,
2026
   April 30,
2025
 
         
Buildings and building improvements  $3,325   $2,923 
Machinery, equipment and furniture   36,915    63,347 
    40,240    66,270 
Less accumulated depreciation   (33,135)   (60,082)
   $7,105   $6,188 

 

Depreciation and amortization expense were $1.9 million and $2.1 million for the fiscal years ended April 30, 2026 and 2025, respectively.

 

During the second quarter of fiscal year 2026, the Company completed a comprehensive review of its fully depreciated fixed assets. As a result, the Company identified certain machinery, equipment, and computer hardware that was no longer in use or obsolete. The Company wrote off $28.9 million of gross fixed assets that had a net book value of zero.