Retirement Plans (Tables)

12 Months Ended

Apr. 30, 2018

Net Periodic Pension Expense (Income) 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:

	2018						2017						2016
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Service Cost	$	—		$	960		$	—		$	967		$	—		$	1,455
Interest Cost		11,666			13,876			12,398			14,449			13,612			16,446
Expected Return on Plan Assets		(13,154	)		(26,385	)		(14,053	)		(21,173	)		(14,756	)		(25,088	)
Net Amortization of Prior Service Cost		(154	)		57			(154	)		54			(154	)		55
Recognized Net Actuarial Loss		2,289			3,832			2,622			2,553			2,240			2,475
Curtailment/Settlement Loss		-			19			8,842			—			1,857			—
Net Pension Expense (Income)	$	647		$	(7,641	)	$	9,655		$	(3,150	)	$	2,799		$	(4,657	)

Discount Rate		4.1	%		2.6	%		4.0	%		3.5	%		4.2	%		3.5	%
Rate of Compensation Increase		N/A			3.0	%		N/A			3.0	%		N/A			3.0	%
Expected Return on Plan Assets		6.8	%		6.5	%		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:

	U.S.			Non-U.S.		Total
Actuarial Loss	$	1,905		$	3,998	$	5,903
Prior Service Cost		(154	)		61		(93	)
Total	$	1,751		$	4,059	$	5,810

Changes in and Status of Plans' Assets and Benefit Obligations

The following table sets forth the changes in and the status of our defined benefit plans' assets and benefit obligations:

	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
CHANGE IN PLAN ASSETS
Fair Value of Plan Assets, Beginning of Year	$	200,001		$	390,133		$	215,923		$	352,484
Actual Return on Plan Assets		15,352			2,780			17,345			75,432
Employer Contributions		5,020			8,385			10,463			14,041
Employee Contributions		—			—			—			—
Settlements		—			(239	)		(28,258	)		—
Benefits Paid		(15,390	)		(15,909	)		(15,472	)		(9,487	)
Foreign Currency Rate Changes		—			34,298			—			(42,337	)
Fair Value, End of Year	$	204,983		$	419,448		$	200,001		$	390,133
CHANGE IN PROJECTED BENEFIT OBLIGATION
Benefit Obligation, Beginning of Year	$	(290,785	)	$	(519,588	)	$	(336,908	)	$	(461,161	)
Service Cost		—			(960	)		—			(967	)
Interest Cost		(11,666	)		(13,876	)		(12,398	)		(14,449	)
Actuarial Gains (Losses)		7,417			23,528			14,791			(105,151	)
Benefits Paid		15,390			15,909			15,472			9,487
Foreign Currency Rate Changes		—			(45,938	)		—			52,653
Settlements and Other		—			239			28,258			—
Benefit Obligation, End of Year	$	(279,644	)	$	(540,686	)	$	(290,785	)	$	(519,588	)
Underfunded Status, End of Year	$	(74,661	)	$	(121,238	)	$	(90,784	)	$	(129,455	)
AMOUNTS RECOGNIZED ON THE STATEMENT OF FINANCIAL POSITION
Other Noncurrent Assets		—			—			—			134
Current Pension Liability		(4,818	)		(780	)		(4,977	)		(799	)
Noncurrent Pension Liability		(69,843	)		(120,458	)		(85,807	)		(128,790	)
Net Amount Recognized in Statement of Financial Position	$	(74,661	)	$	(121,238	)	$	(90,784	)	$	(129,455	)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (BEFORE TAX) CONSIST OF
Net Actuarial (Losses)	$	(82,636	)	$	(183,316	)	$	(94,539	)	$	(171,601	)
Prior Service Cost Gains (Losses)		2,562			(441	)		2,716			(448	)
Total Accumulated Other Comprehensive Loss	$	(80,074	)	$	(183,757	)	$	(91,823	)	$	(172,049	)
Change in Accumulated Other Comprehensive Loss	$	11,749		$	(11,708	)	$	29,394		$	(32,221	)
WEIGHTED AVERAGE ASSUMPTIONS USED IN DETERMINING ASSETS AND LIABILITIES
Discount Rate		4.3	%		2.6	%		4.1	%		2.6	%
Rate of Compensation Increase		N/A			3.0	%		N/A			3.0	%
Accumulated Benefit Obligations	$	(279,644	)	$	(507,932	)	$	(290,785	)	$	(472,841	)

Pension Plan Assets at Fair Value by Level Within Fair Value Hierarchy

	2018						2017
	Level 1		Level 2		Total		Level 1		Level 2		Total
U.S. Plan Assets
Investments measured at NAV:
Global Equity Securities: Limited Partnership					$	95,933					$	91,397
Fixed Income Securities: Commingled Trust Funds						100,295						95,922
Other: Real Estate Commingled Trust Fund						8,755						12,682
Total Assets at NAV					$	204,983					$	200,001

Non-U.S. Plan Assets
Equity Securities:
U.S. Equities	$	—	$	31,203	$	31,203	$	—	$	28,598	$	28,598
Non-U.S. Equities		—		96,387		96,387		—		85,961		85,961
Balanced Managed Funds		—		91,743		91,743		10,196		69,453		79,649
Fixed Income Securities: Commingled Funds		—		197,804		197,804		—		187,797		187,797
Other:
Real Estate/Other		—		549		549		—		489		489
Cash and Cash Equivalents		1,762		—		1,762		7,639		—		7,639
Total Non-U.S. Plan Assets	$	1,762	$	417,686	$	419,448	$	17,835	$	372,298	$	390,133
Total Plan Assets	$	1,762	$	417,686	$	624,431	$	17,835	$	372,298	$	590,134

Expected Future Benefit Payments

Benefit payments to retirees from all defined benefit plans are expected to be the following in the year indicated:

Fiscal Year	U.S.		Non-U.S.		Total
2019	$	15,435	$	8,489	$	23,924
2020		15,589		9,657		25,246
2021		14,322		10,535		24,857
2022		14,550		12,109		26,659
2023		14,947		12,619		27,566
2024-2028		75,428		75,332		150,760
Total	$	150,271	$	128,741	$	279,012