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Pension Benefits
 3 Months Ended
Jul. 31, 2015
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-month periods ended July 31, 2015 and 2014: 
 

Three Months Ended
 

July 31,
(in thousands)

2015

2014
Interest cost

$
1,754


$
1,617

Expected return on plan assets

(2,036
)

(1,917
)
Recognized net actuarial loss

353


216








Net periodic pension (benefit) cost

$
71


$
(84
)

 
The Company expects to contribute $5.0 million to its pension plans in fiscal 2016, which represents both required and discretionary funding.  As of July 31, 2015, $0.8 million of contributions had been made.  The Company made contributions of $4.3 million to its pension plans in fiscal 2015.