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Comprehensive Income (Loss) (Tables)
3 Months Ended
Jul. 31, 2019
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)

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

 

 

July 31,

2019

 

 

April 30,

2019

 

 

 

(in thousands)

 

Foreign currency translation adjustments

 

$

(65,632

)

 

$

(60,270

)

Deferred compensation and pension plan adjustments, net of tax

 

 

(16,343

)

 

 

(16,838

)

Interest rate swap unrealized (loss) gain, net of tax

 

 

(139

)

 

 

456

 

Accumulated other comprehensive loss, net

 

$

(82,114

)

 

$

(76,652

)

Changes in Each Component of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended July 31, 2019:

 

 

 

Foreign

Currency

Translation

 

 

Deferred

Compensation

and Pension

Plan (1)

 

 

Unrealized

(Losses) Gains on

Interest Rate

Swap (2)

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

 

(in thousands)

 

Balance as of April 30, 2019

 

$

(60,270

)

 

$

(16,838

)

 

$

456

 

 

$

(76,652

)

Unrealized losses arising during the period

 

 

(5,362

)

 

 

 

 

 

(491

)

 

 

(5,853

)

Reclassification of realized net losses (gains) to net income

 

 

 

 

 

495

 

 

 

(104

)

 

 

391

 

Balance as of July 31, 2019

 

$

(65,632

)

 

$

(16,343

)

 

$

(139

)

 

$

(82,114

)

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net 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

 

 

 

 

 

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

)

 

(1)  

The tax effect on the reclassifications of realized net losses was $0.2 million and $0.1 million for the three months ended July 31, 2019 and 2018, respectively.

 

(2)

The tax effect on unrealized (losses) gains was $(0.2) million and $0.1 million for the three months ended July 31, 2019 and 2018, respectively.