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SHAREHOLDERS' EQUITY
 3 Months Ended
Jul. 31, 2011
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY 
Share Repurchase Program
In June 2011 (fiscal 2012), we announced that our board of directors had approved a share repurchase program authorizing us to buy up to $150.0 million of our common stock over the subsequent 24 month period (the Share Repurchase Program). This authorization replaces our previous share repurchase program. Share repurchases may be made on the open market or in privately negotiated transactions. The number of shares repurchased, and the timing of any buybacks, depend on corporate cash balances, business and economic conditions and other factors, including investment opportunities. The Share Repurchase Program may be discontinued at any time.
In connection with the Share Repurchase Program, we entered into an agreement with a broker (the Trading Plan) which authorized it to purchase on our behalf up to $40.0 million of our common stock based on certain parameters, in accordance with the applicable requirements of Rule 10b5-1(c)(1)(i) and Rule 10b-18 under the Securities Exchange Act of 1934.
During the first quarter of fiscal 2012, we repurchased 1,527,196 shares of our common stock for $34.1 million. The price of the repurchased shares has been allocated between common stock, additional paid-in capital and retained earnings in our consolidated condensed balance sheet in accordance with applicable accounting guidance. Subsequent to July 31, 2011 and through September 7, 2011, our broker purchased on our behalf an additional 1,598,500 shares of our common stock under the Trading Plan for $31.0 million. All share repurchases were funded from cash on hand.
Stock Options and Performance Share Units
In the first quarter of fiscal 2012, we issued 12,280 shares of common stock upon the exercise of stock options and 367,205 shares of common stock for vested performance share units. We issued 84,499 shares of common stock upon exercise of stock options in fiscal 2011.
Comprehensive Income 
The components of comprehensive income, net of tax, consist of:
 
 
Three Months Ended
 
 
July 31,

2011
 
August 1,

2010
 
 
(in millions)
Net income
 
$
82.1


 
$
76.3


Hedge accounting
 
(28.1
)
 
11.3


Foreign currency translation
 
(44.3
)
 
(51.3
)
Pension accounting
 
3.5


 
5.3


Total comprehensive income
 
$
13.2


 
$
41.6