Comprehensive Income

12 Months Ended

Apr. 30, 2025

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, net were as follows:


	April 30,
	2025		2024

	(in thousands)
Foreign currency translation adjustments	$	(93,904)	$	(116,004)
Deferred compensation and pension plan adjustments, net of taxes	7,604		8,370
Marketable securities unrealized gain (loss), net of tax	57		(37)
Accumulated other comprehensive loss, net	$	(86,243)	$	(107,671)

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


	Foreign Currency Translation		Deferred Compensation and Pension Plan (1)		Unrealized (Losses) Gains on Marketable Securities (2)		Accumulated Other Comprehensive Loss

	(in thousands)
Balance as of May 1, 2022	$	(92,717)	$	961	$	(429)	$	(92,185)
Unrealized (losses) gains arising during the period	(4,143)		3,211		144		(788)
Reclassification of realized net losses to net income	—		209		—		209
Balance as of April 30, 2023	(96,860)		4,381		(285)		(92,764)
Unrealized (losses) gains arising during the period	(19,144)		3,663		248		(15,233)
Reclassification of realized net losses to net income	—		326		—		326
Balance as of April 30, 2024	(116,004)		8,370		(37)		(107,671)
Unrealized gains (losses) arising during the period	22,100		(625)		96		21,571
Reclassification of realized net gains to net income	—		(141)		(2)		(143)
Balance as of April 30, 2025	$	(93,904)	$	7,604	$	57	$	(86,243)

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(1)The tax effects on unrealized (losses) gains were $(0.3) million, $1.3 million and $1.1 million as of April 30, 2025, 2024 and 2023, respectively. The tax effects on reclassifications of realized net (gains) losses were $(0.1) million, $0.1 million and $0.1 million as of April 30, 2025, 2024 and 2023, respectively.

(2)The tax effects on unrealized gains were $0.1 million and $0.1 million as of April 30, 2024 and 2023, respectively.