Comprehensive Income

3 Months Ended

Jul. 31, 2014

Comprehensive Income

3. Comprehensive Income

Comprehensive income is comprised of net 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 income. Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity.

The components of accumulated other comprehensive loss were as follows:

	July 31, 2014			April 30, 2014
	(in thousands)
Foreign currency translation adjustments	$	11,924		$	15,604
Deferred compensation and benefit pension plan adjustments, net of taxes		(17,519	)		(18,006	)
Unrealized gains on marketable securities, net of taxes		8			14
Accumulated other comprehensive loss, net	$	(5,587	)	$	(2,388	)

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended July 31, 2014:

	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Unrealized Gains (Losses) on Marketable Securities			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of April 30, 2014	$	15,604		$	(18,006	)	$	14		$	(2,388	)
Unrealized losses arising during the period		(3,680	)		—			(6	)		(3,686	)
Reclassification of realized net losses to net income		—			487			—			487
Balance as of July 31, 2014	$	11,924		$	(17,519	)	$	8		$	(5,587	)

(1) The tax effects on the reclassifications of realized net losses was $0.3 million for the three months ended July 31, 2014.  

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended July 31, 2013:

	Foreign Currency Translation			Deferred Compensation and Pension Plan			Unrealized Gains (Losses) on Marketable Securities			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of April 30, 2013	$	17,559		$	(20,236	)	$	46		$	(2,631	)
Unrealized losses arising during the period		(3,026	)		—			(89	)		(3,115	)
Reclassification of realized net losses to net income		—			—			32			32
Balance as of July 31, 2013	$	14,533		$	(20,236	)	$	(11	)	$	(5,714	)