XML 49 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Pension Benefits
 6 Months Ended
Oct. 31, 2014
Pension and Other Postretirement Benefit Expense [Abstract]  
Pension Benefits
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 (benefit) cost consisted of the following for the three months and six months ended October 31, 2014 and 2013: 
 

Three Months Ended

Six Months Ended
 

October 31,

October 31,
(in thousands)

2014

2013

2014

2013
Interest cost

$
1,617


$
1,551


$
3,233


$
3,101

Expected return on plan assets

(1,917
)

(1,778
)

(3,833
)

(3,556
)
Recognized net actuarial loss

216


282


433


565














Net periodic pension (benefit) cost

$
(84
)

$
55


$
(167
)

$
110


 
The Company expects to contribute $4.3 million to its pension plans in fiscal 2015, which represents required funding.  As of October 31, 2014, $1.3 million of contributions had been made.  The Company made contributions of $2.3 million to its pension plans in fiscal 2014.