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Income Taxes
9 Months Ended
Jan. 31, 2020
Income Taxes [Abstract]  
Income Taxes
Note 13 Income Taxes

The effective tax rate for the three months ended January 31, 2020 was 20.7%, compared with 22.7% for the three months ended January 31, 2019. The effective tax rate for the nine months ended January 31, 2020 was 20.3% compared with 22.6% for the nine months ended January 31, 2019. The rates for the three and nine months ended January 31, 2020 were lower than the rates for the three and nine months ended January 31, 2019 due to certain discrete items, primarily the release of certain reserves in connection with the expiration of the statute of limitations, as well as, to a lesser extent a more favorable earnings mix. The decrease in the rate for the nine months ended January 31, 2020 compared to the prior year was also due to a tax-free life insurance recovery.