3. Comprehensive (Loss) Income

Comprehensive (loss) income is comprised of net (loss) income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive (loss) income. Accumulated other comprehensive (loss) income, net of taxes, is recorded as a component of stockholders’ equity.

The components of accumulated other comprehensive (loss) income were as follows:

	July 31, 2018			April 30, 2018
	(in thousands)
Foreign currency translation adjustments	$	(46,961	)	$	(32,399	)
Deferred compensation and pension plan adjustments, net of tax		(11,196	)		(9,073	)
Interest rate swap unrealized gain, net of taxes		1,669			1,337
Accumulated other comprehensive loss, net	$	(56,488	)	$	(40,135	)

The following table summarizes the changes in each component of accumulated other comprehensive (loss) income for the three months ended July 31, 2018.

	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Unrealized gains on interest rate swap (2)			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of April 30, 2018	$	(32,399	)	$	(9,073	)	$	1,337		$	(40,135	)
Unrealized (losses) gains arising during the period		(14,562	)		—			149			(14,413	)
Reclassification of realized net losses (gains) to net (loss) income		—			273			(16	)		257
Effect of adoption of accounting standard		—			(2,396	)		199			(2,197	)
Balance as of July 31, 2018	$	(46,961	)	$	(11,196	)	$	1,669		$	(56,488	)

The following table summarizes the changes in each component of accumulated other comprehensive (loss) income for the three months ended July 31, 2017:

	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Unrealized (losses) on interest rate swap (2)			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of April 30, 2017	$	(55,359	)	$	(15,127	)	$	(578	)	$	(71,064	)
Unrealized gains (losses) arising during the period		16,084			—			(234	)		15,850
Reclassification of realized net losses to net income		—			352			171			523
Balance as of July 31, 2017	$	(39,275	)	$	(14,775	)	$	(641	)	$	(54,691	)

(1)	The tax effect on the reclassifications of realized net losses was $0.1 million and $0.2 million for the three months ended July 31, 2018 and 2017, respectively.

(2)	The tax effect on unrealized gains (losses) was $0.1 million and $(0.1) million for the three months ended July 31, 2018 and 2017, respectively. The tax effect on the reclassification of realized net losses to net (loss) income was $0.1 million for the three months ended July 31, 2017.