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Retirement Plans (Tables)
12 Months Ended
Apr. 30, 2024
Retirement Benefits [Abstract]  
Schedule of 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:
For the Years Ended April 30,
202420232022
US Non-US US Non-US US Non-US
Service cost$— $532 $— $796 $— $1,196 
Interest cost11,654 16,069 11,242 13,389 9,451 11,148 
Expected return on plan assets(10,372)(19,443)(9,924)(23,134)(12,144)(28,118)
Amortization of prior service cost(154)60 (154)60 (154)67 
Amortization of net actuarial loss2,446 5,656 2,295 3,851 2,617 4,846 
Curtailment/settlement (credit)— — — (1,828)— (39)
Net pension expense (income)$3,574 $2,874 $3,459 $(6,866)$(230)$(10,900)
Discount rate5.1 %4.8 %4.6 %3.0 %3.2 %1.9 %
Rate of compensation increaseN/A3.0 %N/A3.1 %N/A3.0 %
Expected return on plan assets5.8 %6.4 %5.0 %5.5 %5.3 %5.5 %
Schedule of Defined Benefit Plans Disclosures
The following table sets forth the changes in, and the status of, our defined benefit plans’ assets and benefit obligations:
20242023
USNon-USUSNon-US
CHANGE IN PLAN ASSETS
Fair value of plan assets, beginning of year$186,607 $302,055 $204,455 $442,259 
Actual return on plan assets(707)(7,276)(5,953)(133,855)
Employer contributions3,672 11,708 3,701 11,600 
Employee contributions— — — — 
Settlements— — — (394)
Benefits paid(16,003)(12,215)(15,596)(10,458)
Foreign currency rate changes— (1,104)— (7,097)
Fair value, end of year$173,569 $293,168 $186,607 $302,055 
CHANGE IN PROJECTED BENEFIT OBLIGATION
Benefit obligation, beginning of year$(235,888)$(343,008)$(249,570)$(474,802)
Service cost— (532)— (796)
Interest cost(11,654)(16,069)(11,242)(13,389)
Actuarial gains15,976 21,258 9,328 127,635 
Benefits paid16,003 12,215 15,596 10,458 
Foreign currency rate changes— 2,009 — 5,416 
Settlements and other— (235)— 2,470 
Benefit obligation, end of year$(215,563)$(324,362)$(235,888)$(343,008)
Underfunded status, end of year$(41,994)$(31,194)$(49,281)$(40,953)
AMOUNTS RECOGNIZED ON THE STATEMENT OF FINANCIAL POSITION    
Noncurrent assets— 2,967 — 830 
Current pension liability(3,093)(1,193)(3,557)(1,203)
Noncurrent pension liability excluding held-for-sale(38,901)(31,931)(45,724)(40,580)
Noncurrent pension liability held-for-sale— (1,037)— — 
Noncurrent pension liability(38,901)(32,968)(45,724)(40,580)
Net amount recognized in statement of financial position$(41,994)$(31,194)$(49,281)$(40,953)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (BEFORE TAX) CONSIST OF
Net actuarial losses$(77,025)$(196,705)$(84,367)$(197,701)
Prior service cost gains (losses)1,638 (1,224)1,792 (1,058)
Total accumulated other comprehensive loss$(75,387)$(197,929)$(82,575)$(198,759)
Change in accumulated other comprehensive loss$7,188 $830 $(4,407)$(26,320)
INFORMATION FOR PENSION PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS
Accumulated benefit obligation$215,563 $34,274 $235,888 $35,068 
Fair value of plan assets$173,569 $481 $186,607 $496 
INFORMATION FOR PENSION PLANS WITH A PROJECTED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS
Projected benefit obligation$215,563 $34,643 $235,888 $335,109 
Fair value of plan assets$173,569 $481 $186,607 $293,326 
WEIGHTED AVERAGE ASSUMPTIONS USED IN DETERMINING ASSETS AND LIABILITIES
Discount rate5.1 %4.8 %5.1 %4.8 %
Rate of compensation increaseN/A3.0 %N/A3.0 %
Accumulated benefit obligations$(215,563)$(316,107)$(235,888)$(329,329)
Schedule of Pension Plan Assets at Fair Value by Level Within Fair Value Hierarchy
The following tables set forth, by level within the fair value hierarchy, pension plan assets at their fair value as of April 30:
20242023
Level 1Level 2NAVTotalLevel 1Level 2NAVTotal
US Plan Assets
Global Equity Securities: Limited Partnership$5,598 $58,238 $63,836  $6,537 $73,469 $80,006 
Fixed Income Securities: Commingled Trust Funds 109,733 109,733  106,601 106,601 
Total Assets$5,598 $167,971 $173,569  $6,537 $180,070 $186,607 
Non-US Plan Assets
Equity securities:
US equities$— $22,496 $22,496 $— $48,806 $48,806 
Non-US equities— 9,637 9,637 — 39,618 39,618 
Balanced managed funds— 60,959 60,959 — 58,036 58,036 
Fixed income securities: Commingled funds— 125,223 125,223 — 133,878 133,878 
Other:    
Real estate/other— 480 480 — 496 496 
Cash and cash equivalents1,328 73,045 74,373 1,902 19,319 21,221 
Total Non-US plan assets$1,328 $291,840 $— $293,168 $1,902 $300,153 $— $302,055 
Total plan assets$1,328 $297,438 $167,971 $466,737 $1,902 $306,690 $180,070 $488,662 
Schedule of Expected Benefit Payments
Benefit payments to retirees from all defined benefit plans are expected to be the following in the fiscal year indicated:
Fiscal YearUSNon-USTotal
2025$15,887 $13,847 $29,734 
202615,648 13,119 28,767 
202715,659 13,923 29,582 
202815,700 14,132 29,832 
202915,781 15,268 31,049 
2030–203476,966 90,066 167,032 
Total$155,641 $160,355 $315,996