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Income Taxes (Tables)

12 Months Ended

Apr. 30, 2019

Income Taxes [Abstract]

Provision for Income Taxes

The provisions for income taxes for the years ended April 30 were as follows:

		2019				2018				2017
Current Provision
U.S. – Federal		$	2,384			$	(2,216	)		$	912
International			52,518				46,112				105,228
State and Local			2,536				961				100
Total Current Provision		$	57,438			$	44,857			$	106,240
Deferred Provision (Benefit)
U.S. – Federal		$	335			$	(26,062	)		$	(13,852	)
International			(7,630	)			2,420				(15,330	)
State and Local			(5,454	)			530				415
Total Deferred (Benefit) Provision		$	(12,749	)		$	(23,112	)		$	(28,767	)
Total Provision		$	44,689			$	21,745			$	77,473

International and United States Pretax Income

International and United States pretax income for the years ended April 30 were as follows:

		2019				2018				2017
International		$	204,326			$	219,178			$	192,910
United States			8,626				(5,247	)			(1,794	)
Total		$	212,952			$	213,931			$	191,116

Reconciliation of Effective Income Tax Rate

Our effective income tax rate as a percentage of pretax income differed from the U.S. federal statutory rate as shown below:

	2019		2018		2017
U.S. Federal Statutory Rate	21.0%		30.4%		35.0%
German Tax Litigation Expense	—		—		25.7
Cost (Benefit) of Higher (Lower) Taxes on Non-U.S. Income	0.9		(8.4)		(12.7)
State Income Taxes, net of U.S. Federal Tax Benefit	(1.3)		0.4		0.1
Deferred Tax (Benefit) from U.S. Tax Reform Rate Change	0.1		(11.7)		—
Deferred Tax Benefit from U.K. Statutory Tax Rate Change	—		—		(1.3)
Tax Credits and Related Benefits	(0.8)		(1.7)		(6.2)
Tax Adjustments and Other	1.1		1.2		(0.1)
Effective Income Tax Rate	21.0%		10.2%		40.5%

A substantial portion of our 2019 income was earned outside the U.S. in jurisdictions with different statutory income tax rates than our U.S. statutory rate including: U.K. (57%), Germany (24%), and Australia (7%).

Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits included within the Other Long-Term Liabilities line item on the Consolidated Statements of Financial Position follows:

		2019				2018
Balance at May 1		$	6,833			$	6,124
Additions for Current Year Tax Positions			1,473				1,372
Additions for Prior Year Tax Positions			414				69
Reductions for Prior Year Tax Positions			(578	)			(38	)
Foreign Translation Adjustment			(42	)			45
Payments and Settlements			(136	)			(124	)
Reductions for Lapse of Statute of Limitations			(305	)			(615	)
Balance at April 30		$	7,659			$	6,833

Deferred Tax Assets and Liabilities

We believe that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the net deferred tax assets. The significant components of deferred tax assets and liabilities at April 30 were as follows:

		2019				2018
Net Operating Losses		$	14,491			$	8,976
Reserve for Sales Returns and Doubtful Accounts			2,923				2,506
Accrued Employee Compensation			17,528				20,096
Foreign and Federal Credits			34,401				31,109
Other Accrued Expenses			6,262				4,632
Retirement and Post-Employment Benefits			40,653				39,160
Total Gross Deferred Tax Assets		$	116,258			$	106,479
Less Valuation Allowance			(21,179	)			(8,811	)
Total Deferred Tax Assets		$	95,079			$	97,668
Prepaid Expenses and Other Current Assets		$	(744	)		$	(3,203	)
Unremitted Foreign Earnings			(1,985	)			(1,985	)
Intangible and Fixed Assets			(226,898	)			(231,869	)
Total Deferred Tax Liabilities		$	(229,627	)		$	(237,057	)
Net Deferred Tax Liabilities		$	(134,548	)		$	(139,389	)
Reported As
Deferred Tax Assets		$	9,227			$	4,129
Deferred Tax Liabilities			(143,775	)			(143,518	)
Net Deferred Tax Liabilities		$	(134,548	)		$	(139,389	)

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