Pension Benefits

9 Months Ended

Jan. 31, 2013

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 nine months ended January 31, 2013 and 2012:

	Three Months Ended				Nine Months Ended
	January 31,				January 31,
(in thousands)	2013		2012		2013		2012
Service cost	$	0	$	1,326	$	0	$	3,892
Interest cost		1,565		1,633		4,696		4,986
Expected return on plan assets		(1,641)		(1,633)		(4,923)		(4,945)
Recognized net actuarial loss		231		428		692		1,472
Amortization of prior service cost		0		13		0		53
Curtailment expense		0		331		0		331
Net periodic pension cost	$	155	$	2,098	$	465	$	5,789

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 January 31, 2013, $4.8million of contributions had been made.  The Company made contributions of $2.9 million to its pension plans in fiscal 2012.