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Retirement Plans (Tables) | 12 Months Ended
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Apr. 30, 2017
Retirement Plans [Abstract] |
Components of Net Periodic Pension Expense for Defined Benefit Plans and Weighted-Average Assumptions | The components of net pension expense (income) for the defined benefit plans and the weighted-average assumptions were as follows (in thousands):
| 2017 |  | 2016 |  | 2015
| U.S. | Non-U.S. |  | U.S. | Non-U.S. |  | U.S. | Non-U.S.
Service Cost | $ - | $967 |  | $ - | $1,455 |  | $ - | $5,942
Interest Cost | 12,398 | 14,449 |  | 13,612 | 16,446 |  | 13,159 | 17,417
Expected Return on Plan Assets | (14,053) | (21,173) |  | (14,756) | (25,088) |  | (13,782) | (22,654)
Net Amortization of Prior Service Cost | (154) | 54 |  | (154) | 55 |  | (115) | 68
Recognized Net Actuarial Loss | 2,622 | 2,553 |  | 2,240 | 2,475 |  | 1,470 | 6,299
Curtailment/Settlement Loss (Gain) | 8,842 | - |  | 1,857 | - |  | - | (428)
Net Pension Expense (Income) | $9,655 | $(3,150) |  | $2,799 | $(4,657) |  | $732 | $6,644
Discount Rate | 4.0% | 3.5% |  | 4.2% | 3.5% |  | 4.7% | 4.2%
Rate of Compensation Increase | N/A | 3.0% |  | N/A | 3.0% |  | N/A | 3.2%
Expected Return on Plan Assets | 6.8% | 6.7% |  | 6.8% | 6.7% |  | 6.8% | 6.7%
Amounts in Accumulated Other Comprehensive Loss to Be Recognized as Components of Net Periodic Benefit Cost During Next Fiscal Year | The amounts in Accumulated Other Comprehensive Loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (in thousands):
| U.S. | Non-U.S. | Total
Actuarial Loss | $2,230 | $3,673 | $5,903
Prior Service Cost | (154) | 54 | (100)
Total | $2,076 | $3,727 | $5,803
Changes in and Status of Plans' Assets and Benefit Obligations | The following table sets forth the changes in and the status of the Company’s defined benefit plans’ assets and benefit obligations:
Dollars in thousands | 2017 | 2016
CHANGE IN PLAN ASSETS | U.S. | Non-U.S. | U.S. | Non-U.S.
Fair Value of Plan Assets, Beginning of Year | $215,923 | $352,484 | $222,966 | $376,576
Actual Return on Plan Assets | 17,345 | 75,432 | 2,610 | (2,789)
Employer Contributions | 10,463 | 14,041 | 9,459 | 8,450
Employee Contributions | - | - | - | 68
Settlements | (28,258) | - | (4,446) | -
Benefits Paid | (15,472) | (9,487) | (14,666) | (14,354)
Foreign Currency Rate Changes | - | (42,337) | - | (15,467)
Fair Value, End of Year | $200,001 | $390,133 | $215,923 | $352,484
CHANGE IN PROJECTED BENEFIT OBLIGATION |  |  |  |
Benefit Obligation, Beginning of Year | $(336,908) | $(461,161) | $(329,388) | $(484,458)
Service Cost | - | (967) | - | (1,455)
Interest Cost | (12,398) | (14,449) | (13,612) | (16,446)
Employee Contributions | - | - | - | (68)
Actuarial Gain (Loss) | 14,791 | (105,151) | (13,020) | 9,582
Benefits Paid | 15,472 | 9,487 | 14,666 | 14,354
Foreign Currency Rate Changes | - | 52,653 | - | 17,330
Settlements and Other | 28,258 | - | 4,446 | -
Benefit Obligation, End of Year | $(290,785) | $(519,588) | $(336,908) | $(461,161)
Funded Status | $(90,784) | $(129,455) | $(120,985) | $(108,677)
AMOUNTS RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION: |  |  |
Other Noncurrent Assets | - | 134 | - | -
Current Pension Liability | (4,977) | (799) | (4,817) | (675)
Noncurrent Pension Liability | (85,807) | (128,790) | (116,168) | (108,002)
Net Amount Recognized in Statement of Financial Position | $(90,784) | $(129,455) | $(120,985) | $(108,677)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (BEFORE TAX) CONSIST OF:
Net Actuarial (Loss) | $(94,539) | $(171,601) | $(124,087) | $(139,307)
Prior Service Cost Gain (Loss) | 2,716 | (448) | 2,870 | (521)
Total Accumulated Other Comprehensive Loss | $(91,823) | $(172,049) | $(121,217) | $(139,828)
Change in Accumulated Other Comprehensive Loss | $29,394 | $(32,221) | $(21,224) | $(10,993)
WEIGHTED AVERAGE ASSUMPTIONS USED IN DETERMINING ASSETS AND LIABILITIES:
Discount Rate | 4.1% | 2.6% | 4.0% | 3.5%
Rate of Compensation Increase | N/A | 3.0% | N/A | 3.0%
Accumulated Benefit Obligations | $(290,785) | $(472,841) | $(336,908) | $(422,861)
Pension Plan Assets at Fair Value by Level Within Fair Value Hierarchy | The Company did not maintain any level 3 assets during fiscal years 2017 and 2016. The following tables set forth, by level within the fair value hierarchy, pension plan assets at their fair value as of April 30 (in thousands):
| 2017 |  | 2016
| Level 1 | Level 2 | Total |  | Level 1 | Level 2 | Total
U.S. Plan Assets |  |  |  |  |  |  |
Equity Securities: |  |  |  |  |  |  |
U.S. Commingled Funds | $ - | $ 64,125 | $ 64,125 |  | $ - | $69,550 | $69,550
Non-U.S. Commingled Funds | - | 27,272 | 27,272 |  | - | 28,741 | 28,741
Fixed Income Commingled Funds | - | 95,922 | 95,922 |  | - | 105,841 | 105,841
Real Estate | - | 12,682 | 12,682 |  | - | 11,791 | 11,791
Total U.S. Plan Assets | $ - | $ 200,001 | $ 200,001 |  | $ - | $215,923 | $215,923
Non-U.S. Plan Assets |  |  |  |  |  |  |
Equity Securities: |  |  |  |  |  |  |
U.S. Equities | $ - | $ 28,598 | $ 28,598 |  | $ - | $24,688 | $24,688
Non-U.S. Equities | - | 85,961 | 85,961 |  | - | 72,892 | 72,892
Balanced Managed Funds | 10,196 | 69,453 | 79,649 |  | 10,070 | 32,203 | 42,273
Fixed Income Funds | - | 187,797 | 187,797 |  | - | 211,561 | 211,561
Other: |  |  |  |  |  |  |
Real Estate/Other | - | 489 | 489 |  | - | 508 | 508
Cash and Cash Equivalents | 7,639 | - | 7,639 |  | 562 | - | 562
Total Non-U.S. Plan Assets | $ 17,835 | $ 372,298 | $ 390,133 |  | $10,632 | $341,852 | $352,484
Total Plan Assets | $ 17,835 | $ 572,299 | $ 590,134 |  | $10,632 | $557,775 | $568,407

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans and the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost. + References No definition available. + Details
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=73719040&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e1928-114920 + Details
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