Pension Benefits

6 Months Ended

Oct. 31, 2012

Pension Benefits [Abstract]

Pension Benefits

NOTE I--PENSION BENEFITS

Effective April 30, 2012, the Company froze all future benefit accruals under the Company’s hourly and salary defined-benefit pension plans.

Net periodic pension cost consisted of the following for the three monthsand six months ended October 31, 2012 and 2011.

	Three Months Ended				Six Months Ended
	October 31,				October 31,
(in thousands)	2012		2011		2012		2011
Service cost	$	0	$	1,283	$	0	$	2,566
Interest cost		1,565		1,677		3,130		3,353
Expected return on plan assets		(1,641)		(1,656)		(3,282)		(3,312)
Recognized net actuarial loss		231		522		462		1,044
Amortization of prior service cost		0		20		0		40
Net periodic pension cost	$	155	$	1,846	$	310	$	3,691

Based on the enactment of the pension funding stabilization provisions in the Moving Ahead for Progress in the 21^st Century Act (“MAP-21”) on July 9, 2012, the Company expects to contribute $4.9 million to its pension plans in fiscal 2013, which represents required funding.  MAP-21 had the effect of reducing expected funding requirements for the Company’s pension plans for fiscal 2013 by allowing the Company to calculate the discount rate for funding purposes based on an average of rates spread over a longer period of time.  As of October 31, 2012, $2.7 million of contributions had been made.  The Company made contributions of $2.9 million to its pension plans in fiscal 2012.