Deferred Compensation and Retirement Plans (Tables)

12 Months Ended

Apr. 30, 2016

Total Benefit Obligations

The total benefit obligations for these plans were as follows:

	Year Ended April 30,
	2016			2015
	(in thousands)
Deferred compensation plans	$	82,546		$	83,876
Pension plan		5,219			5,262
International retirement plans		15,678			2,847
Executive Capital Accumulation Plan		105,676			99,461
Legacy Hay Group defined benefit obligation plans		24,940			—
Total benefit obligations		234,059			191,446
Less: current portion of benefit obligation		(17,946	)		(18,014	)
Non-current benefit obligation	$	216,113		$	173,432

Expected Benefit Payments Associated With Future Service

Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows:

Year Ending April 30,	Deferred Compensation Plans		Pension Benefits
	(in thousands)
2017	$	6,483	$	325
2018		6,275		330
2019		6,199		328
2020		6,451		331
2021		6,598		324
2022-2026		29,667		1,480

Fair Value Measurements of Defined Benefit Plan Assets

The fair value measurements of the defined benefit plan assets fall within the following levels of the fair value hierarchy as of April 30, 2016:

	Level 1		Level 2		Level 3		Total
	(in thousands)
Mutual funds	$	7,990	$	—	$	—	$	7,990
Common stock		7,910		—		—		7,910
Corporate and municipal bonds		—		5,597		—		5,597
U.S. Treasury and agency securities		—		2,055		—		2,055
Money market funds		1,315		—		—		1,315
Total	$	17,215	$	7,652	$	—	$	24,867

Deferred Compensation Plan

Reconciliation Of Benefit Obligation

The following tables reconcile the benefit obligation for the deferred compensation plans:

	Year Ended April 30,
	2016			2015			2014
	(in thousands)
Change in benefit obligation:
Benefit obligation, beginning of year	$	83,876		$	82,153		$	85,562
Interest cost		2,644			2,835			2,566
Actuarial loss (gain)		1,720			4,863			(294	)
Benefits paid		(5,694	)		(5,975	)		(5,681	)
Benefit obligation, end of year		82,546			83,876			82,153
Less: current portion of benefit obligation		(5,446	)		(5,554	)		(5,593	)
Non-current benefit obligation	$	77,100		$	78,322		$	76,560

Components Of Net Periodic Benefit Costs

The components of net periodic benefits costs are as follows:

	Year Ended April 30,
	2016		2015		2014
	(in thousands)
Interest cost	$	2,644	$	2,835	$	2,566
Amortization of actuarial loss		2,796		3,029		3,111
Net periodic benefit cost	$	5,440	$	5,864	$	5,677

Weighted-Average Assumptions Used In Calculating Benefit Obligation

The weighted-average assumptions used in calculating the benefit obligations were as follows:

	Year Ended April 30,
	2016			2015			2014
Discount rate, beginning of year		3.28	%		3.60	%		3.12	%
Discount rate, end of year		3.05	%		3.28	%		3.60	%
Rate of compensation increase		0.00	%		0.00	%		0.00	%

Pension Plans, Defined Benefit

Reconciliation Of Benefit Obligation

The following tables reconcile the benefit obligation for the pension plan:

	Year Ended April 30,
	2016			2015			2014
	(in thousands)
Change in benefit obligation:
Benefit obligation, beginning of year	$	5,262		$	4,424		$	4,536
Interest cost		167			154			137
Actuarial loss		122			1,001			92
Benefits paid		(332	)		(317	)		(341	)
Benefit obligation, end of year		5,219			5,262			4,424
Less: current portion of benefit obligation		(289	)		(278	)		(274	)
Non-current benefit obligation	$	4,930		$	4,984		$	4,150

Components Of Net Periodic Benefit Costs

The components of net periodic benefits costs are as follows:

	Year Ended April 30,
	2016		2015		2014
	(in thousands)
Interest cost	$	167	$	154	$	137
Amortization of actuarial loss		128		21		8
Net periodic benefit cost	$	295	$	175	$	145

Pension Plans, Defined Benefit | Legacy Hay Group

Components Of Net Periodic Benefit Costs

The components of net periodic benefits costs are as follows:

	Year Ended April 30, 2016
	Defined Benefit Pension Plans			Supplemental Pension Benefits		Medical and Life Insurance
	(in thousands)
Service cost	$	—		$	—	$	62
Interest cost		554			58		208
Expected return on plan assets		(682	)		—		—
Net periodic benefit cost	$	(128	)	$	58	$	270

Weighted-Average Assumptions Used In Calculating Benefit Obligation

The weighted-average assumptions used in calculating the benefit obligation were as follows:

	Year Ended April 30, 2016
	Defined Benefit Pension Plan			Supplemental Pension Benefits			Medical and Life Insurance
Discount rate at acquisition date		4.10	%		4.10	%		4.10	%
Discount rate, end of year		3.49	%		3.23	%		3.36	%
Rate of compensation increase		0.00	%		0.00	%		0.00	%
Expected long-term rates of return on plan assets		6.50	%		0.00	%		0.00	%

Expected Benefit Payments Associated With Future Service

Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows:

Year Ended April 30,	Defined Benefit Pension Plans		Supplemental Pension Benefits		Medical and Life Insurance
	(in thousands)
2017	$	1,785	$	112	$	684
2018		1,801		111		708
2019		1,844		110		735
2020		1,867		108		771
2021		1,933		107		795
2022-2026		9,942		508		4,037

Reconciliation Of Benefit Obligation

The following table reconciles the benefit obligation for the Legacy Hay Group defined benefit plans and fair value of plan assets for the Legacy Hay Group defined benefit plans:

	Year Ended April 30, 2016
	Defined Benefit Pension Plan			Supplemental Pension Benefits			Medical and Life Insurance
	(in thousands)
Change in benefit obligation:
Benefit obligation at acquisition date	$	32,795		$	6,284		$	12,322
Service cost		—			—			62
Interest cost		554			58			208
Actuarial loss		2,438			113			816
Settlements		—			(4,799	)		—
Benefits paid		(595	)		(47	)		(402	)
Benefit obligation, end of year		35,192			1,609			13,006
Change in fair value of plan assets:
Fair value of plan assets at acquisition date		25,540			—			—
Actual return on plan assets		(78	)		—			—
Benefits paid		(595	)		—			—
Fair value of plan assets, end of year		24,867			—			—
Funded status and balance, end of year	$	(10,325	)	$	(1,609	)	$	(13,006	)
Current liability	$	—		$	110		$	673
Non-current liability		10,325			1,499			12,333
Total liability	$	10,325		$	1,609		$	13,006
Plan Assets — weighted-average asset allocation:
Equity securities		63.9	%		—			—
Debt securities		30.8	%		—			—
Other		5.3	%		—			—
Total		100.0	%		—			—

Executive Capital Accumulation Plan

Reconciliation Of Benefit Obligation

Changes in the ECAP liability were as follows:

	Year Ended April 30,
	2016			2015
	(in thousands)
Balance, beginning of year	$	99,461		$	89,308
Employee contributions		7,015			3,048
Amortization of employer contributions		16,439			12,378
(Gain) loss on investment		(1,654	)		5,871
Employee distributions		(15,201	)		(10,295	)
Exchange rate fluctuations		(384	)		(849	)
Balance, end of year		105,676			99,461
Less: current portion		(11,092	)		(12,182	)
Non-current portion	$	94,584		$	87,279