Employee Benefit And Retirement Plans (Tables)

12 Months Ended

Apr. 30, 2013


		APRIL 30
(in thousands)		2013		2012

CHANGE IN PROJECTED BENEFIT OBLIGATION
Projected benefit obligation at beginning of year	$	136,264	$	120,059
Service cost		0		5,305
Interest cost		6,261		6,533
Actuarial losses		10,801		26,318
Benefits paid		(3,897)		(3,293)
Curtailments		0		(18,658)
Projected benefit obligation at end of year	$	149,429	$	136,264

CHANGE IN PLAN ASSETS
Fair value of plan assets at beginning of year	$	85,717	$	83,334
Actual return on plan assets		8,993		2,805
Company contributions		4,920		2,871
Benefits paid		(3,897)		(3,293)
Fair value of plan assets at end of year	$	95,733	$	85,717

Funded status of the plans	$	(53,696)	$	(50,547)
Unamortized prior service cost		0		0
Unrecognized net actuarial loss		52,703		45,255
Accrued benefit cost	$	(993)	$	(5,292)

AMOUNTS RECOGNIZED IN THE CONSOLIDATED BALANCE SHEETS
Defined benefit pension liabilities	$	(53,696)	$	(50,547)
Accumulated other comprehensive loss		52,703		45,255
Net amount recognized	$	(993)	$	(5,292)


		PENSION BENEFITS
(in thousands)		2013		2012		2011

COMPONENTS OF NET PERIODIC PENSION BENEFIT COST
Service cost	$	0	$	5,305	$	4,717
Interest cost		6,261		6,533		6,268
Expected return on plan assets		(6,563)		(6,533)		(6,159)
Amortization of prior service cost		0		53		85
Curtailment loss		0		331		- -
Recognized net actuarial loss		923		1,710		1,996
Pension benefit cost	$	621	$	7,399	$	6,907


	FISCAL YEARS ENDED APRIL 30
	2013		2012
WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE BENEFIT OBLIGATIONS
Discount rate	4.21	%	4.66	%


	FISCAL YEARS ENDED APRIL 30
	2013		2012		2011
WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE NET PERIODIC PENSION BENEFIT COST
Discount rate	4.66	%	5.66%/4.76% ¹		5.91	%
Expected return on plan assets	7.5	%	8.0	%	8.0	%
Rate of compensation increase	*		4.0	%	4.0	%
¹ The discount rate was 5.66% from May 1, 2011 to December 31, 2011 and 4.76% from January 1, 2012 to April 30, 2012. The rate changed during fiscal 2012 as a result of the required re-measurement of the Company's pension liability upon its decision to freeze its pension plans.

* The rate of compensation increase is not applicable for periods beyond April 30, 2012 because the Company froze its pension plans effective as of that date.


FISCAL YEAR	BENEFIT PAYMENTS (in thousands)

2014	$	4,247
2015		4,698
2016		5,156
2017		5,511
2018		5,888
Years 2019-2023		35,710


FAIR VALUE MEASUREMENTS AT APRIL 30, 2013
(in thousands)	TOTAL		QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1)		SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)
Cash Equivalents	$	315	$	315	$	0	$	0
Equity Collective Funds:¹
Equity Index Value Fund		19,202		0		19,202		0
Equity Index Growth Fund		19,245		0		19,245		0
Small Cap Index Fund		5,632		0		5,632		0
International Equity Fund		3,932		0		3,932		0
Fixed Income Collective Funds:¹
Core Fixed Income Fund		17,407		0		17,407		0
Capital Preservation Fund		30,000		0		30,000		0
Total	$	95,733	$	315	$	95,418	$	0

FAIR VALUE MEASUREMENTS AT APRIL 30, 2012
(in thousands)	TOTAL		QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1)		SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)
Cash Equivalents	$	273	$	273	$	0	$	0
Equity Collective Funds:¹
Equity Index Value Fund		16,850		0		16,850		0
Equity Index Growth Fund		17,094		0		17,094		0
Small Cap Index Fund		5,002		0		5,002		0
International Equity Fund		3,315		0		3,315		0
Fixed Income Collective Funds:¹
Core Fixed Income Fund		25,824		0		25,824		0
Capital Preservation Fund		17,359		0		17,359		0
Total	$	85,717	$	273	$	85,444	$	0

¹The Collective Trust Funds are valued by applying each plan's ownership percentage in the fund to the fund's net assets at fair value at the valuation date.