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Comprehensive Income
 12 Months Ended
Apr. 30, 2014
Comprehensive Income

3. Comprehensive Income

Comprehensive income is comprised of net income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid-in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive income. Accumulated comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity.

The components of accumulated other comprehensive loss were as follows:

 

     April 30,  
     2014     2013  
     (in thousands)  

Foreign currency translation adjustments

    $ 15,604      $ 17,559   

Deferred compensation and pension plan adjustments, net of taxes

      (18,006 )      (20,236 ) 

Unrealized gains on marketable securities, net of taxes

      14        46   
  

 

 

    

 

 

  

Accumulated other comprehensive loss, net

    $ (2,388 )    $ (2,631 ) 
  

 

 

    

 

 

  

 

The following tables summarizes the changes in each component of accumulated other comprehensive income (loss):

 

    Foreign
Currency
Translation		     Deferred
Compensation
and Pension
Plan (1)		     Unrealized
Gains
(Losses) on
Marketable
Securities		     Accumulated
Other
Comprehensive
Income (Loss)		  
    (in thousands)  

Balance as of May 1, 2011

   $ 35,639      $ (10,014 )    $ 35      $ 25,660   

Unrealized (losses) gains arising during the period

     (12,826 )      (6,560 )      5        (19,381 ) 

Reclassification of realized net losses (gains) to net income

     —          916        (4 )      912   
 

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of April 30, 2012

     22,813        (15,658 )      36        7,191   

Unrealized (losses) gains arising during the period

     (5,254 )      (6,033 )      13        (11,274 ) 

Reclassification of realized net losses (gains) to net income

     —          1,455        (3 )      1,452   
 

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of April 30, 2013

     17,559        (20,236 )      46        (2,631 ) 

Unrealized (losses) gains arising during the period

     (1,955 )      136        (64 )      (1,883 ) 

Reclassification of realized net losses to net income

     —          2,094        32        2,126   
 

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of April 30, 2014

   $ 15,604      $ (18,006 )    $ 14      $ (2,388 ) 
 

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) The tax effects on unrealized gains (losses) of $0.07 million, $(3.8) million and $(3.6) million as of April 30, 2014, 2013 and 2012, respectively. The tax effects on reclassifications of realized net losses of $1.0 million, $0.9 million and $0.5 million as of April 30, 2014, 2013 and 2012, respectively.