Employee Benefit And Retirement Plans (Tables)

12 Months Ended

Apr. 30, 2014


		APRIL 30
(in thousands)		2014		2013

CHANGE IN PROJECTED BENEFIT OBLIGATION
Projected benefit obligation at beginning of year	$	149,429	$	136,264
Interest cost		6,203		6,261
Actuarial (gains) and losses		(7,615)		10,801
Benefits paid		(3,875)		(3,897)
Projected benefit obligation at end of year	$	144,142	$	149,429

CHANGE IN PLAN ASSETS
Fair value of plan assets at beginning of year	$	95,733	$	85,717
Actual return on plan assets		8,483		8,993
Company contributions		2,258		4,920
Benefits paid		(3,875)		(3,897)
Fair value of plan assets at end of year	$	102,599	$	95,733

Funded status of the plans	$	(41,543)	$	(53,696)
Unrecognized net actuarial loss		42,589		52,703
Prepaid (accrued) benefit cost	$	1,046	$	(993)

AMOUNTS RECOGNIZED IN THE CONSOLIDATED BALANCE SHEETS
Defined benefit pension liabilities	$	(41,543)	$	(53,696)
Accumulated other comprehensive loss		42,589		52,703
Net amount recognized	$	1,046	$	(993)


		PENSION BENEFITS
(in thousands)		2014		2013		2012

COMPONENTS OF NET PERIODIC PENSION BENEFIT COST
Service cost	$	0	$	0	$	5,305
Interest cost		6,203		6,261		6,533
Expected return on plan assets		(7,113)		(6,563)		(6,533)
Amortization of prior service cost		0		0		53
Curtailment loss		0		0		331
Recognized net actuarial loss		1,129		923		1,710
Pension benefit cost	$	219	$	621	$	7,399


	FISCAL YEARS ENDED APRIL 30
	2014		2013
WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE BENEFIT OBLIGATIONS
Discount rate	4.56	%	4.21	%


	FISCAL YEARS ENDED APRIL 30
	2014		2013		2012
WEIGHTED-AVERAGE ASSUMPTIONS TO DETERMINE NET PERIODIC PENSION BENEFIT COST
Discount rate	4.21	%	4.66	%	5.66%/4.76% 1
Expected return on plan assets	7.5	%	7.5	%	8.0	%
Rate of compensation increase	*		*		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)

2015	$	4,719
2016		5,135
2017		5,452
2018		5,818
2019		6,283
Years 2020-2024		37,021


FAIR VALUE MEASUREMENTS AT APRIL 30, 2014
(in thousands)	TOTAL		QUOTED PRICES IN ACTIVE MARKETS (LEVEL 1)		SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2)		SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)
Cash Equivalents	$	338	$	338	$	0	$	0
Equity Collective Funds:1
Equity Index Value Fund		20,753		0		20,753		0
Equity Index Growth Fund		20,485		0		20,485		0
Small Cap Index Fund		5,929		0		5,929		0
International Equity Fund		4,166		0		4,166		0
Fixed Income Collective Funds:1
Core Fixed Income Fund		33,409		0		33,409		0
Capital Preservation Fund		17,519		0		17,519		0
Total	$	102,599	$	338	$	102,261	$	0

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		30,000		0		30,000		0
Capital Preservation Fund		17,407		0		17,407		0
Total	$	95,733	$	315	$	95,418	$	0

1 The 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.