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Pension Benefits
 9 Months Ended
Jan. 31, 2019
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 January 31, 2019 and 2018: 
 

Three Months Ended

Nine Months Ended
 

January 31,

January 31,
(in thousands)

2019

2018

2019

2018
Interest cost

$
1,567


$
1,431


$
4,702


$
4,295

Expected return on plan assets

(2,127
)

(2,234
)

(6,382
)

(6,702
)
Recognized net actuarial loss

412


401


1,236


1,201














Net periodic pension benefit

$
(148
)

$
(402
)

$
(444
)

$
(1,206
)

 
The Company contributed $7.3 million to its pension plans in the first nine months of fiscal 2019, which represents both required and discretionary funding, and does not expect to contribute any additional funds during the remainder of fiscal 2019. On November 28, 2018, the Board of Directors approved up to $5.0 million of discretionary funding which is included in the total contributions for the year. The Company made contributions of $19.3 million to its pension plans in fiscal 2018.