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Pension Benefits
 6 Months Ended
Oct. 31, 2018
Pension and Other Postretirement Benefits Cost (Reversal of Cost) [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 six-month periods ended October 31, 2018 and 2017: 
 

Three Months Ended

Six Months Ended
 

October 31,

October 31,
(in thousands)

2018

2017

2018

2017
Interest cost

$
1,568


$
1,432


$
3,135


$
2,864

Expected return on plan assets

(2,128
)

(2,234
)

(4,255
)

(4,468
)
Recognized net actuarial loss

412


400


824


800














Net periodic pension benefit

$
(148
)

$
(402
)

$
(296
)

$
(804
)

 
The Company expects to contribute $7.3 million to its pension plans in fiscal 2019, which represents both required and discretionary funding. As of October 31, 2018, $1.7 million of contributions had been made. On November 28, 2018, the Board of Directors approved up to $5.0 million of discretionary funding which is included in the total expected contributions for the year. The Company made contributions of $19.3 million to its pension plans in fiscal 2018.