Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Apr. 30, 2018

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

16. Accumulated Other Comprehensive (Loss) Income

The following table sets forth the changes to accumulated other comprehensive (loss) income, net of tax, by component for the years ended April 30, 2018, 2017 and 2016:

	Gain (Loss) On
	Interest Rate Cap
	(in thousands)
Accumulated other comprehensive income as of April 30, 2015	$	10
Other comprehensive loss before reclassification		(1,177)
Reclassification to earnings from accumulated other comprehensive (loss) income(1)		19
Accumulated other comprehensive loss as of April 30, 2016		(1,148)
Other comprehensive loss before reclassification		(118)
Reclassification to earnings from accumulated other comprehensive (loss) income(1)		382
Accumulated other comprehensive loss as of April 30, 2017		(884)
Other comprehensive gain before reclassification		309
Reclassification to earnings from accumulated other comprehensive (loss) income(1)		1,016
Accumulated other comprehensive income as of April 30, 2018	$	441

(1) Amounts are recorded as a component of change in other comprehensive income in the Consolidated Statements of Operations.

(Decrease) increase in fair value of financial instruments, net of tax, recorded in accumulated other comprehensive income (loss) is reclassified to earnings as each of the hedged forecasted transactions occur. During the next twelve months, the Company expects to reclassify approximately $0.7 million, net of tax, to earnings.