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Pension Benefits
3 Months Ended
Jul. 31, 2011
Pension Benefits  
Pension Benefits

NOTE J--PENSION BENEFITS

 

Net periodic pension cost consisted of the following for the three months ended July 31, 2011 and 2010:

 

 

Quarter Ended

 

July 31

 

2011

 

2010

(in thousands)

 

 

 

Service cost

$ 1,283

 

$ 1,180

Interest cost

1,676

 

1,567

Expected return on plan assets

 (1,656)

 

 (1,540)

Amortization of net loss

522

 

499

Amortization of prior service cost

20

 

21

 

 

 

 

Net pension cost

$ 1,845

 

$ 1,727

 

The Company expects to contribute $2.9 million to its pension plans in fiscal 2012, which presents both required and discretionary funding.  The Company was not required to make, and did not make, any contributions to the pension plans in fiscal 2011.