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Pension Benefits
 9 Months Ended
Jan. 31, 2014
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 months and nine months ended January 31, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

January 31,

 

January 31,

(in thousands)

 

2014

 

2013

 

2014

 

2013

Interest cost

 

$
1,551 

 

$
1,565 

 

$
4,652 

 

$
4,696 

Expected return on plan assets

 

 
(1,778)

 

 
(1,641)

 

 
(5,335)

 

 
(4,923)

Recognized net actuarial loss

 

 
282 

 

 
231 

 

 
847 

 

 
692 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic pension cost

 

$
55 

 

$
155 

 

$
164 

 

$
465 

 

The Company expects to contribute $2.3 million to its pension plans in fiscal 2014, which represents required funding.  As of January 31, 2014, $1.8 million of contributions had been made.  The Company made contributions of $4.9 million to its pension plans in fiscal 2013.