Comprehensive Income (Tables)

9 Months Ended

Jan. 31, 2018

Components of Accumulated Other Comprehensive Income (Loss), Net

The components of accumulated other comprehensive income (loss), net were as follows:


	January 31, 2018			April 30, 2017
	(in thousands)
Foreign currency translation adjustments	$	(25,501	)	$	(55,359	)
Deferred compensation and pension plan adjustments, net of tax		(14,062	)		(15,127	)
Interest rate swap unrealized gain (loss), net of taxes		892			(578	)

Accumulated other comprehensive loss, net	$	(38,671	)	$	(71,064	)

Changes in Each Component of Accumulated Other Comprehensive Income (Loss), Net

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2018:


	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Unrealized (Losses) Gains on Interest Rate Swap (2)			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of October 31, 2017	$	(43,294	)	$	(14,423	)	$	(185	)	$	(57,902	)
Unrealized gains arising during the period		17,793			—			973			18,766
Reclassification of realized net losses to net income		—			361			104			465

Balance as of January 31, 2018	$	(25,501	)	$	(14,062	)	$	892		$	(38,671	)


The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2018:
	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Unrealized (Losses) Gains on Interest Rate Swap (2)			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of April 30, 2017	$	(55,359	)	$	(15,127	)	$	(578	)	$	(71,064	)
Unrealized gains arising during the period		29,858			—			1,061			30,919
Reclassification of realized net losses to net income		—			1,065			409			1,474

Balance as of January 31, 2018	$	(25,501	)	$	(14,062	)	$	892		$	(38,671	)

(1)	The tax effect on the reclassifications of realized net losses was $0.2 million and $0.7 million for the three and nine months ended January 31, 2018, respectively.

(2)

The tax effect on unrealized gains was $0.6 million and $0.6 million for the three and nine months ended January 31, 2018, respectively. The tax effect on the reclassification of realized net losses to net income was $0.1 million and $0.3 million for the three and nine months ended January 31, 2018, respectively.

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the three months ended January 31, 2017:


	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balance as of October 31, 2016	$	(54,598	)	$	(20,645	)	$	(75,243	)
Unrealized losses arising during the period		(1,321	)		—			(1,321	)
Reclassification of realized net losses to net income		—			465			465

Balance as of January 31, 2017	$	(55,919	)	$	(20,180	)	$	(76,099	)

The following table summarizes the changes in each component of accumulated other comprehensive income (loss), net for the nine months ended January 31, 2017:


	Foreign Currency Translation			Deferred Compensation and Pension Plan (1)			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		(19,580	)		—			(19,580	)
Reclassification of realized net losses to net income		—			1,392			1,392

Balance as of January 31, 2017	$	(55,919	)	$	(20,180	)	$	(76,099	)

(1)	The tax effect on the reclassifications of realized net losses was $0.3 million and $0.9 million for the three and nine months ended January 31, 2017, respectively.