XML 26 R16.htm IDEA: XBRL DOCUMENT v3.3.1.900
Pension Benefits
 9 Months Ended
Jan. 31, 2016
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- and nine-month periods ended January 31, 2016 and 2015: 
 

Three Months Ended

Nine Months Ended
 

January 31,

January 31,
(in thousands)

2016

2015

2016

2015
Interest cost

$
1,754


$
1,617


$
5,260


$
4,850

Expected return on plan assets

(2,036
)

(1,917
)

(6,106
)

(5,750
)
Recognized net actuarial loss

353


216


1,059


649














Net periodic pension (benefit) cost

$
71


$
(84
)

$
213


$
(251
)

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