XML 39 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments (Tables)
 9 Months Ended
Jan. 31, 2013
Derivative Financial Instruments [Abstract]  
Fair value of derivative instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

January 31, 2013

 

  

April 30, 2012

 

 

  

Other
Current
Assets

 

  

Other
Current
Liabilities

 

  

Other
Current
Assets

 

  

Other
Current
Liabilities

 

Derivatives designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity contracts

  

$

1,184

  

  

$

923

  

  

$

6,569

  

  

$

19,510

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Derivatives not designated as hedging instruments:

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Commodity contracts

  

$

9,157

  

  

$

3,364

  

  

$

3,166

  

  

$

3,631

  

Foreign currency exchange contracts

  

 

1,119

  

  

 

107

  

  

 

436

  

  

 

982

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives not designated as hedging instruments

  

$

10,276

  

  

$

3,471

  

  

$

3,602

  

  

$

4,613

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Total derivatives instruments

  

$

11,460

  

  

$

4,394

  

  

$

10,171

  

  

$

24,123

  

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

 
Commodity contracts gains and losses recognized on derivatives designated as cash flow hedges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended January 31,

 

 

Nine Months Ended January 31,

 

 

  

2013

 

 

2012

 

 

2013

 

 

2012

 

Losses recognized in other comprehensive income (loss) (effective portion)

  

$

(7,959

) 

 

$

(681

) 

 

$

(23,304

) 

 

$

(10,941

) 

(Losses) gains reclassified from accumulated other comprehensive loss to cost of products sold (effective portion)

  

 

(11,953

) 

 

 

(1,546

) 

 

 

(30,959

) 

 

 

4,146

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated other comprehensive loss

  

$

3,994

  

 

$

865

  

 

$

7,655

  

 

$

(15,087

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Losses) gains recognized in cost of products sold (ineffective portion)

  

$

(386

) 

 

$

15

  

 

$

(604

) 

 

$

(498

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest rate contract gains and losses recognized on the derivative designated as a cash flow hedge

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended January 31,

 

 

Nine Months Ended January 31,

 

 

  

2013

 

 

2012

 

 

2013

 

 

2012

 

Losses recognized in other comprehensive income (loss) (effective portion)

  

$

—  

  

 

$

—  

  

 

$

—  

  

 

$

(6,192

) 

Losses reclassified from accumulated other comprehensive loss to interest expense (effective portion)

  

 

(134

) 

 

 

(130

) 

 

$

(398

) 

 

 

(148

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in accumulated other comprehensive loss

  

$

134

  

 

$

130

  

 

$

398

  

 

$

(6,044

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses recognized in interest expense (ineffective portion)

  

$

—  

  

 

$

—  

  

 

$

—  

  

 

$

(19

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Net realized and unrealized gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Three Months Ended January 31,

 

 

Nine Months Ended January 31,

 

 

  

2013

 

 

2012

 

 

2013

 

 

2012

 

Unrealized (losses) gains on commodity contracts

  

$

(409

) 

 

$

2,647

  

 

$

7,979

  

 

$

(3,829

) 

Unrealized (losses) gains on foreign currency exchange contracts

  

 

(49

) 

 

 

(554

) 

 

 

942

  

 

 

(127

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total unrealized (losses) gains recognized in cost of products sold

  

$

(458

) 

 

$

2,093

  

 

$

8,921

  

 

$

(3,956

) 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized gains (losses) on commodity contracts

  

$

111

  

 

$

(1,639

) 

 

$

(463

) 

 

$

20,641

  

Realized gains (losses) on foreign currency exchange contracts

  

 

120

  

 

 

671

  

 

 

(84

) 

 

 

1,899

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total realized gains (losses) recognized in cost of products sold

  

$

231

  

 

$

(968

) 

 

$

(547

) 

 

$

22,540

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total (losses) gains recognized in cost of products sold

  

$

(227

) 

 

$

1,125

  

 

$

8,374

  

 

$

18,584

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Outstanding derivative contracts

 

 

 

 

 

 

 

 

 

 

 

  

January 31, 2013

 

  

April 30, 2012

 

Commodity contracts

  

$

433,432

  

  

$

983,381

  

Foreign currency exchange contracts

  

 

68,344

  

  

 

94,424