XML 60 R18.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Pension Benefits
9 Months Ended
Jan. 31, 2020
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 nine-month periods ended January 31, 2020 and 2019
 

Three Months Ended

Nine Months Ended
 

January 31,

January 31,
(in thousands)

2020

2019

2020

2019
Interest cost

$
1,493


$
1,567


$
4,480


$
4,702

Expected return on plan assets

(2,082
)

(2,127
)

(6,245
)

(6,382
)
Recognized net actuarial loss

423


412


1,269


1,236














Net periodic pension benefit

$
(166
)

$
(148
)

$
(496
)

$
(444
)

 
The Company contributed $0.5 million to its pension plans in the first nine months of fiscal 2020, which represents discretionary funding, and does not expect to contribute any additional funds during the remainder of fiscal 2020. The Company made contributions of $7.3 million to its pension plans in fiscal 2019.