v3.26.1
Inventory
3 Months Ended
Jul. 31, 2026
Inventory Disclosure [Abstract]  
Inventory Inventory
Inventories are priced at the lower of cost, determined on a first-in, first-out basis, or net realizable value. Inventories include material, labor and factory overhead required in the production of our products.
Inventory obsolescence is examined on a regular basis. When determining our estimate of obsolescence, we consider inventory that has been inactive for five years or longer and the probability of using that inventory in future production. The obsolete inventory generally consists of Learjet parts and electrical components.
Inventory is comprised of the following, net of the estimate for obsolete inventory of $393 at July 31, 2026 and $413 at April 30, 2026.
July 31, 2026April 30, 2026
Parts and raw material$7,078 $7,510 
Work in process6,517 5,467 
Finished goods146 139 
Total Inventory, net of allowance$13,741 $13,116