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Comprehensive Income
 6 Months Ended
Oct. 31, 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 other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity.

The components of accumulated other comprehensive loss were as follows:

 

     October 31,
2014		     April 30,
2014		  
     (in thousands)  

Deferred compensation and benefit pension plan adjustments, net of taxes

    $ (17,052 )    $ (18,006 ) 

Foreign currency translation adjustment

      (631 )      15,604   

Unrealized gains on marketable securities, net of taxes

      12        14   
  

 

 

    

 

 

  

Accumulated other comprehensive loss, net

    $ (17,671 )    $ (2,388 ) 
  

 

 

    

 

 

  

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2014:

 

     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 July 31, 2014

    $ 11,924      $ (17,519 )    $ 8       $ (5,587 ) 

Unrealized gains (losses) arising during the period

      (12,555 )      —          4         (12,551 ) 

Reclassification of realized net losses to net income

      —          467        —           467   
  

 

 

    

 

 

    

 

 

     

 

 

  

Balance as of October 31, 2014

    $ (631 )    $ (17,052 )    $ 12       $ (17,671 ) 
  

 

 

    

 

 

    

 

 

     

 

 

  

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2014:

 

     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 April 30, 2014

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

Unrealized losses arising during the period

      (16,235 )      —          (2 )      (16,237 ) 

Reclassification of realized net losses to net income

      —          954        —          954   
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of October 31, 2014

    $ (631 )    $ (17,052 )    $ 12      $ (17,671 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) The tax effects on the reclassifications of realized net losses was $0.3 million and $0.6 million for the three and six months ended October 31, 2014, respectively.

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2013:

 

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

Balance as of July 31, 2013

    $ 14,533       $ (20,236 )    $ (11 )    $ (5,714 ) 

Unrealized gains arising during the period

      4,368         —          24        4,392   
  

 

 

     

 

 

    

 

 

    

 

 

  

Balance as of October 31, 2013

    $ 18,901       $ (20,236 )    $ 13      $ (1,322 ) 
  

 

 

     

 

 

    

 

 

    

 

 

  

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2013:

 

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

Balance as of April 30, 2013

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

Unrealized gains (losses) arising during the period

      1,342         —          (65 )      1,277   

Reclassification of realized net losses to net income

      —           —          32        32   
  

 

 

     

 

 

    

 

 

    

 

 

  

Balance as of October 31, 2013

    $ 18,901       $ (20,236 )    $ 13      $ (1,322 )