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Defined Benefit Pension Plans
3 Months Ended
Jul. 31, 2013
Compensation And Retirement Disclosure [Abstract]  
Defined Benefit Pension Plans

G. Defined Benefit Pension Plans

The Company has non-contributory defined benefit pension plans covering substantially all salaried and hourly employees. These plans were amended as of April 30, 2005, no further benefits have been, or will be, earned under the plans, subsequent to the amendment date, and no additional participants will be added to the plans. The Company did not make any contributions to the plans during the three months ended July 31, 2013 and July 31, 2012. The Company expects to make contributions in the amount of $300,000 to the plans in fiscal year 2014.

Pension expense consisted of the following (in thousands):

 

     Three months ended
July 31, 2013
    Three months ended
July 31, 2012
 

Service cost

   $ -0-      $ -0-   

Interest cost

     212        227   

Expected return on plan assets

     (317     (302

Recognition of net loss

     283        275   
  

 

 

   

 

 

 

Net periodic pension expense

   $ 178      $ 200