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Comprehensive Income
 6 Months Ended
Oct. 31, 2016
Comprehensive Income

4. 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 (loss)/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,
2016		      April 30,
2016		  
     (in thousands)  

Foreign currency translation adjustments

    $     (54,598 )     $     (36,339 ) 

Deferred compensation and pension plan adjustments, net of tax

      (20,645 )       (21,572 ) 
  

 

 

     

 

 

  

Accumulated other comprehensive loss, net

    $ (75,243 )     $ (57,911 ) 
  

 

 

     

 

 

  

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2016:

 

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

Balance as of July 31, 2016

    $     (49,467 )     $     (21,110)       $         —       $     (70,577 ) 

Unrealized losses arising during the period

      (5,131 )       —         —         (5,131 ) 

Reclassification of realized net losses to net income

      —         465         —         465   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of October 31, 2016

    $ (54,598 )     $ (20,645 )     $ —       $ (75,243 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2016:

 

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

Balance as of April 30, 2016

    $     (36,339 )     $     (21,572 )     $         —       $     (57,911 ) 

Unrealized losses arising during the period

      (18,259 )       —         —         (18,259 ) 

Reclassification of realized net losses to net income

      —         927         —         927   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of October 31, 2016

    $ (54,598 )     $ (20,645 )     $ —       $ (75,243 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1)

The tax effect on the reclassifications of realized net losses was $0.3 million and $0.6 million for the three and six months ended October 31, 2016, respectively.

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2015:

 

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

Balance as of July 31, 2015

    $     (36,551 )     $     (19,261 )     $         —       $     (55,812 ) 

Unrealized losses arising during the period

      (1,351 )       —         —         (1,351 ) 

Reclassification of realized net losses to net income

      —         448         —         448   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of October 31, 2015

    $ (37,902 )     $ (18,813 )     $ —       $ (56,715 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2015:

 

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

Balance as of April 30, 2015

    $     (20,919 )     $     (19,708 )     $ 4       $     (40,623 ) 

Unrealized losses arising during the period

      (16,983 )       —         (4 )       (16,987 ) 

Reclassification of realized net losses to net income

      —         895         —         895   
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of October 31, 2015

    $ (37,902 )     $ (18,813 )     $         —       $ (56,715 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) The tax effect on the reclassifications of realized net losses was $0.3 million and $0.6 million for the three and six months ended October 31, 2015, respectively.