XML 51 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727
Deferred Compensation and Retirement Plans (Tables)
12 Months Ended
Apr. 30, 2015
Total Benefit Obligations

The total benefit obligations for these plans were as follows:

 

     Year Ended April 30,  
     2015      2014  
     (in thousands)  

Deferred compensation plans

   $ 83,876       $ 82,153   

Pension plan

     5,262         4,424   

International retirement plans

     2,847         3,727   

Executive Capital Accumulation Plan

     99,461         89,308   
  

 

 

    

 

 

 

Total benefit obligations

  191,446      179,612   

Less: current portion of benefit obligation

  (18,014   (10,377
  

 

 

    

 

 

 

Non-current benefit obligation

$ 173,432    $ 169,235   
  

 

 

    

 

 

 
Expected Benefit Payments Associated With Future Service

Benefit payments, which reflect expected future service, as appropriate, are expected to be paid over the next ten years as follows:

 

Year Ending April 30,

   Deferred
Compensation
Plans
     Pension
Benefits
 
     (in thousands)  

2016

   $ 6,487       $ 322   

2017

     6,418         328   

2018

     6,192         331   

2019

     6,096         327   

2020

     6,375         331   

2021-2025

     30,904         1,487   
Deferred Compensation Plan  
Reconciliation Of Benefit Obligation

The following tables reconcile the benefit obligation for the deferred compensation plans:

 

     Year Ended April 30,  
     2015      2014      2013  
     (in thousands)  

Change in benefit obligation:

        

Benefit obligation, beginning of year

   $ 82,153       $ 85,562       $ 78,479   

Interest cost

     2,835         2,566         2,868   

Actuarial loss (gain)

     4,863         (294      9,420   

Benefits paid

     (5,975      (5,681      (5,205
  

 

 

    

 

 

    

 

 

 

Benefit obligation, end of year

  83,876      82,153      85,562   

Less: current portion of benefit obligation

  (5,554   (5,593   (5,182
  

 

 

    

 

 

    

 

 

 

Non-current benefit obligation

$ 78,322    $ 76,560    $ 80,380   
  

 

 

    

 

 

    

 

 

 
Components Of Net Periodic Benefit Costs

The components of net periodic benefits costs are as follows:

 

     Year Ended April 30,  
     2015      2014      2013  
     (in thousands)  

Interest cost

   $ 2,835       $ 2,566       $ 2,868   

Amortization of actuarial loss

     3,029         3,111         2,357   
  

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

$ 5,864    $ 5,677    $ 5,225   
  

 

 

    

 

 

    

 

 

 
Weighted-Average Assumptions Used In Calculating Benefit Obligation

The weighted-average assumptions used in calculating the benefit obligations were as follows:

 

     Year Ended April 30,  
     2015     2014     2013  

Discount rate, beginning of year

     3.60     3.12     3.79

Discount rate, end of year

     3.28     3.60     3.12

Rate of compensation increase

     0.00     0.00     0.00
Pension Plans, Defined Benefit  
Reconciliation Of Benefit Obligation

The following tables reconcile the benefit obligation for the pension plan:

 

     Year Ended April 30,  
     2015      2014      2013  
     (in thousands)  

Change in benefit obligation:

        

Benefit obligation, beginning of year

   $ 4,424       $ 4,536       $ 4,214   

Interest cost

     154         137         154   

Actuarial loss

     1,001         92         426   

Benefits paid

     (317      (341      (258
  

 

 

    

 

 

    

 

 

 

Benefit obligation, end of year

  5,262      4,424      4,536   

Less: current portion of benefit obligation

  (278   (274   (232
  

 

 

    

 

 

    

 

 

 

Non-current benefit obligation

$ 4,984    $ 4,150    $ 4,304   
  

 

 

    

 

 

    

 

 

 
Components Of Net Periodic Benefit Costs

The components of net periodic benefits costs are as follows:

 

     Year Ended April 30,  
     2015      2014      2013  
     (in thousands)  

Interest cost

   $ 154       $ 137       $ 154   

Amortization of actuarial loss

     21         8         18   
  

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

$ 175    $ 145    $ 172   
  

 

 

    

 

 

    

 

 

 
Weighted-Average Assumptions Used In Calculating Benefit Obligation

The weighted-average assumptions used in calculating the benefit obligations were as follows:

 

     Year Ended April 30,  
     2015     2014     2013  

Discount rate, beginning of year

     3.60     3.12     3.79

Discount rate, end of year

     3.28     3.60     3.12

Rate of compensation increase

     0.00     0.00     0.00
Executive Capital Accumulation Plan  
Reconciliation Of Benefit Obligation

Changes in the ECAP liability were as follows:

 

     Year Ended April 30,  
     2015      2014  
     (in thousands)  

Balance, beginning of year

   $ 89,308       $ 75,913   

Employee contributions

     3,048         2,748   

Amortization of employer contributions

     12,378         11,467   

Gain on investment

     5,871         8,884   

Employee distributions

     (10,295      (9,044

Exchange rate fluctuations

     (849      (660
  

 

 

    

 

 

 

Balance, end of year

  99,461      89,308   

Less: current portion

  (12,182   (4,510
  

 

 

    

 

 

 

Non-current portion, end of year

$ 87,279    $ 84,798