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Financial Instruments (Tables)

9 Months Ended

Jan. 31, 2017

Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities

The following tables show the Company’s cash, trading securities and foreign currency forward contracts’ cost, gross unrealized gains, gross unrealized losses and fair value by significant category recorded as cash and cash equivalents, current portion of current marketable securities, non-current marketable securities, or other accrued liabilities as of January 31, 2017 and April 30, 2016:

		January 31, 2017
		Fair Value Measurement																Balance Sheet Classification
		Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Marketable Securities, Current				Marketable Securities, Non-current				Other Accrued Liabilities
		(in thousands)
Level 1:
Cash		$	154,462			$	—			$	—			$	154,462			$	154,462			$	—			$	—			$	—
Money market funds			196,843				—				—				196,843				196,843				—				—				—
Mutual funds (1)			112,532				4,479				(1,583	)			115,428				—				4,139				111,289				—
Total		$	463,837			$	4,479			$	(1,583	)		$	466,733			$	351,305			$	4,139			$	111,289			$	—
Level 2:
Foreign currency forward contracts		$	—			$	338			$	(902	)		$	(564	)		$	—			$	—			$	—			$	(564	)

		April 30, 2016
		Fair Value Measurement																Balance Sheet Classification
		Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Marketable Securities, Current				Marketable Securities, Non-current				Other Accrued Liabilities
		(in thousands)
Level 1:
Cash		$	155,702			$	—			$	—			$	155,702			$	155,702			$	—			$	—			$	—
Money market funds			117,550				—				—				117,550				117,550				—				—				—
Mutual funds (1)			142,588				1,395				(2,553	)			141,430				—				11,338				130,092				—
Total		$	415,840			$	1,395			$	(2,553	)		$	414,682			$	273,252			$	11,338			$	130,092			$	—
Level 2:
Foreign currency forward contracts		$	—			$	324			$	(1,041	)		$	(717	)		$	—			$	—			$	—			$	(717	)

(1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 — Deferred Compensation and Retirement Plans). During the three and nine months ended January 31, 2017, the fair value of the investments increased; therefore, the Company recognized income of $3.9 million and $7.1 million, respectively, which was recorded in other income (loss), net. During the three and nine months ended January 31, 2016, the fair value of the investments decreased; therefore, the Company recognized a loss of $7.1 million and $8.9 million, respectively, which was recorded in other income (loss), net.

Cash, Trading Securities and Foreign Currency Forward Contracts' Cost, Gross Unrealized Gains, Gross Unrealized Losses and Fair Value Recorded as Cash and Cash Equivalents, Current Portion of Current Marketable Securities, Non-Current Marketable Securities, or Other Accrued Liabilities

The following tables show the Company’s cash, trading securities and foreign currency forward contracts’ cost, gross unrealized gains, gross unrealized losses and fair value by significant category recorded as cash and cash equivalents, current portion of current marketable securities, non-current marketable securities, or other accrued liabilities as of January 31, 2017 and April 30, 2016:

		January 31, 2017
		Fair Value Measurement																Balance Sheet Classification
		Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Marketable Securities, Current				Marketable Securities, Non-current				Other Accrued Liabilities
		(in thousands)
Level 1:
Cash		$	154,462			$	—			$	—			$	154,462			$	154,462			$	—			$	—			$	—
Money market funds			196,843				—				—				196,843				196,843				—				—				—
Mutual funds (1)			112,532				4,479				(1,583	)			115,428				—				4,139				111,289				—
Total		$	463,837			$	4,479			$	(1,583	)		$	466,733			$	351,305			$	4,139			$	111,289			$	—
Level 2:
Foreign currency forward contracts		$	—			$	338			$	(902	)		$	(564	)		$	—			$	—			$	—			$	(564	)

		April 30, 2016
		Fair Value Measurement																Balance Sheet Classification
		Cost				Unrealized Gains				Unrealized Losses				Fair Value				Cash and Cash Equivalents				Marketable Securities, Current				Marketable Securities, Non-current				Other Accrued Liabilities
		(in thousands)
Level 1:
Cash		$	155,702			$	—			$	—			$	155,702			$	155,702			$	—			$	—			$	—
Money market funds			117,550				—				—				117,550				117,550				—				—				—
Mutual funds (1)			142,588				1,395				(2,553	)			141,430				—				11,338				130,092				—
Total		$	415,840			$	1,395			$	(2,553	)		$	414,682			$	273,252			$	11,338			$	130,092			$	—
Level 2:
Foreign currency forward contracts		$	—			$	324			$	(1,041	)		$	(717	)		$	—			$	—			$	—			$	(717	)

(1) These investments are held in trust for settlement of the Company’s vested and unvested obligations of $135.6 million and $138.8 million as of January 31, 2017 and April 30, 2016, respectively, under the ECAP (see Note 7 — Deferred Compensation and Retirement Plans). During the three and nine months ended January 31, 2017, the fair value of the investments increased; therefore, the Company recognized income of $3.9 million and $7.1 million, respectively, which was recorded in other income (loss), net. During the three and nine months ended January 31, 2016, the fair value of the investments decreased; therefore, the Company recognized a loss of $7.1 million and $8.9 million, respectively, which was recorded in other income (loss), net.

Fair Value of Derivatives Not Designated as Hedge Instruments

The fair value of derivatives not designated as hedge instruments are as follows:

		January 31, 2017				April 30, 2016
		(in thousands)
Derivative assets:
Foreign currency forward contracts		$	338			$	324
Derivative liabilities:
Foreign currency forward contracts		$	902			$	1,041

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

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-Name Accounting Standards Codification
-Topic 820
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=66048111&loc=SL7498348-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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