Income Taxes (Tables)

12 Months Ended

Apr. 30, 2014

Income Taxes [Abstract]

Schedule Of Income Tax Expense

		FISCAL YEARS ENDED APRIL 30
(in thousands)		2014		2013		2012
CURRENT EXPENSE (BENEFIT)
Federal	$	4,825	$	1,031	$	(36)
State		406		162		(176)
Total current expense (benefit)		5,231		1,193		(212)
DEFERRED EXPENSE (BENEFIT)
Federal		6,076		4,859		(10,115)
State		1,902		930		(2,175)
Total deferred expense (benefit)		7,978		5,789		(12,290)
Total expense (benefit)		13,209		6,982		(12,502)
Other comprehensive income (loss)		3,944		(2,905)		(3,624)
Total comprehensive income tax expense (benefit)	$	17,153	$	4,077	$	(16,126)

Schedule Of Effective Income Tax Rate Reconciliation

	FISCAL YEARS ENDED APRIL 30
	2014		2013		2012
Federal statutory rate	35.0	%	35.0	%	35.0	%
Effect of:
Tax basis adjustment	0.0	%	0.0	%	(1.7)	%
Meals and entertainment	0.8		1.5		(0.8)
Domestic production deduction	(1.8)		(0.3)		0.0
Other	0.7		1.4		0.0
Total	(0.3)	%	2.6	%	(2.5)	%
Effective federal income tax rate	34.7	%	37.6	%	32.5	%
State income taxes, net of federal tax effect	4.5		4.1		5.1
Effective income tax rate	39.2	%	41.7	%	37.6	%

Schedule Of Significant Components Of Deferred Tax Assets And Liabilities

		APRIL 30
(in thousands)		2014		2013
Deferred tax assets:
Pension benefits	$	15,381	$	20,563
Accounts receivable		4,603		3,983
Product liability		745		700
Employee benefits		8,523		11,243
Net operating loss carryforward		469		1,099
Income tax credits		0		1,088
Depreciation		0		73
Other		199		496
Total		29,920		39,245
Deferred tax liabilities:
Inventory		496		502
Depreciation		2,374		0
		2,870		502
Net deferred tax asset	$	27,050	$	38,743