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v3.25.2

Retirement Plans (Tables) | 12 Months Ended
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Apr. 30, 2025
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,
| 2025 |  | 2024 |  | 2023
| US |  | Non-US |  | US |  | Non-US |  | US |  | Non-US
Service cost | $ | — |  |  | $ | 560 |  |  | $ | — |  |  | $ | 532 |  |  | $ | — |  |  | $ | 796 |
Interest cost | 12,133 |  |  | 16,603 |  |  | 11,654 |  |  | 16,069 |  |  | 11,242 |  |  | 13,389 |
Expected return on plan assets | (9,610) |  |  | (18,449) |  |  | (10,372) |  |  | (19,443) |  |  | (9,924) |  |  | (23,134) |
Amortization of prior service cost | (154) |  |  | 66 |  |  | (154) |  |  | 60 |  |  | (154) |  |  | 60 |
Amortization of net actuarial loss | 2,314 |  |  | 6,058 |  |  | 2,446 |  |  | 5,656 |  |  | 2,295 |  |  | 3,851 |
Curtailment/settlement (credit) | — |  |  | (181) |  |  | — |  |  | — |  |  | — |  |  | (1,828) |
Net pension expense (income) | $ | 4,683 |  |  | $ | 4,657 |  |  | $ | 3,574 |  |  | $ | 2,874 |  |  | $ | 3,459 |  |  | $ | (6,866) |
Discount rate | 5.8 | % |  | 5.1 | % |  | 5.1 | % |  | 4.8 | % |  | 4.6 | % |  | 3.0 | %
Rate of compensation increase | N/A |  | 3.0 | % |  | N/A |  | 3.0 | % |  | N/A |  | 3.1 | %
Expected return on plan assets | 5.8 | % |  | 6.2 | % |  | 5.8 | % |  | 6.4 | % |  | 5.0 | % |  | 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:
| 2025 |  | 2024
| US |  | Non-US |  | US |  | Non-US
CHANGE IN PLAN ASSETS |  |  |  |  |  |  |
Fair value of plan assets, beginning of year | $ | 173,569 |  |  | $ | 293,168 |  |  | $ | 186,607 |  |  | $ | 302,055 |
Actual return on plan assets | 13,312 |  |  | (7,426) |  |  | (707) |  |  | (7,276) |
Employer contributions | 3,198 |  |  | 13,526 |  |  | 3,672 |  |  | 11,708 |
Employee contributions | — |  |  | — |  |  | — |  |  | — |
Settlements | — |  |  | (729) |  |  | — |  |  | — |
Benefits paid | (15,909) |  |  | (14,560) |  |  | (16,003) |  |  | (12,215) |
Foreign currency rate changes | — |  |  | 18,553 |  |  | — |  |  | (1,104) |
Fair value, end of year | $ | 174,170 |  |  | $ | 302,532 |  |  | $ | 173,569 |  |  | $ | 293,168 |
CHANGE IN PROJECTED BENEFIT OBLIGATION |  |  |  |  |  |  |
Benefit obligation, beginning of year | $ | (215,563) |  |  | $ | (324,362) |  |  | $ | (235,888) |  |  | $ | (343,008) |
Service cost | — |  |  | (560) |  |  | — |  |  | (532) |
Interest cost | (12,133) |  |  | (16,603) |  |  | (11,654) |  |  | (16,069) |
Actuarial (losses) gains | (4,760) |  |  | 22,520 |  |  | 15,976 |  |  | 21,258 |
Benefits paid | 15,909 |  |  | 14,560 |  |  | 16,003 |  |  | 12,215 |
Foreign currency rate changes | — |  |  | (19,984) |  |  | — |  |  | 2,009 |
Settlements and other | — |  |  | 1,097 |  |  | — |  |  | (235) |
Benefit obligation, end of year | $ | (216,547) |  |  | $ | (323,332) |  |  | $ | (215,563) |  |  | $ | (324,362) |
Underfunded status, end of year | $ | (42,377) |  |  | $ | (20,800) |  |  | $ | (41,994) |  |  | $ | (31,194) |
AMOUNTS RECOGNIZED ON THE STATEMENT OF FINANCIAL POSITION |  |  |  |  |  |  |
Noncurrent assets | — |  |  | 12,885 |  |  | — |  |  | 2,967 |
Current pension liability | (2,881) |  |  | (1,282) |  |  | (3,093) |  |  | (1,193) |
Noncurrent pension liability excluding held-for-sale | (39,496) |  |  | (32,403) |  |  | (38,901) |  |  | (31,931) |
Noncurrent pension liability held-for-sale | — |  |  | — |  |  | — |  |  | (1,037) |
Noncurrent pension liability | (39,496) |  |  | (32,403) |  |  | (38,901) |  |  | (32,968) |
Net amount recognized in statement of financial position | $ | (42,377) |  |  | $ | (20,800) |  |  | $ | (41,994) |  |  | $ | (31,194) |
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE LOSS (BEFORE TAX) CONSIST OF |  |  |  |  |  |  |
Net actuarial losses | $ | (75,768) |  |  | $ | (206,945) |  |  | $ | (77,025) |  |  | $ | (196,705) |
Prior service cost gains (losses) | 1,484 |  |  | (992) |  |  | 1,638 |  |  | (1,224) |
Total accumulated other comprehensive loss | $ | (74,284) |  |  | $ | (207,937) |  |  | $ | (75,387) |  |  | $ | (197,929) |
Change in accumulated other comprehensive loss | $ | 1,103 |  |  | $ | (10,008) |  |  | $ | 7,188 |  |  | $ | 830 |
INFORMATION FOR PENSION PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS |  |  |  |  |  |  |
Accumulated benefit obligation | $ | 216,547 |  |  | $ | 34,189 |  |  | $ | 215,563 |  |  | $ | 34,274 |
Fair value of plan assets | $ | 174,170 |  |  | $ | 511 |  |  | $ | 173,569 |  |  | $ | 481 |
INFORMATION FOR PENSION PLANS WITH A PROJECTED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS |  |  |  |  |  |  |
Projected benefit obligation | $ | 216,547 |  |  | $ | 34,198 |  |  | $ | 215,563 |  |  | $ | 34,643 |
Fair value of plan assets | $ | 174,170 |  |  | $ | 511 |  |  | $ | 173,569 |  |  | $ | 481 |
WEIGHTED AVERAGE ASSUMPTIONS USED IN DETERMINING ASSETS AND LIABILITIES |  |  |  |  |  |  |
Discount rate | 5.7 | % |  | 5.5 | % |  | 5.1 | % |  | 4.8 | %
Rate of compensation increase | N/A |  | 3.0 | % |  | N/A |  | 3.0 | %
Accumulated benefit obligations | $ | (216,547) |  |  | $ | (315,748) |  |  | $ | (215,563) |  |  | $ | (316,107) |
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:
| 2025 |  | 2024
| Level 1 |  | Level 2 |  | NAV |  | Total |  | Level 1 |  | Level 2 |  | NAV |  | Total
US Plan Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Global Equity Securities: Limited Partnership |  |  | $ | 4,904 |  |  | $ | 51,727 |  |  | $ | 56,631 |  |  |  |  | $ | 5,598 |  |  | $ | 58,238 |  |  | $ | 63,836 |
Fixed Income Securities: Commingled Trust Funds |  |  |  |  | 117,539 |  |  | 117,539 |  |  |  |  |  |  | 109,733 |  |  | 109,733 |
Total Assets |  |  | $ | 4,904 |  |  | $ | 169,266 |  |  | $ | 174,170 |  |  |  |  | $ | 5,598 |  |  | $ | 167,971 |  |  | $ | 173,569 |
Non-US Plan Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
US equities | $ | — |  |  | $ | 25,110 |  |  |  |  | $ | 25,110 |  |  | $ | — |  |  | $ | 22,496 |  |  |  |  | $ | 22,496 |
Non-US equities | — |  |  | 9,530 |  |  |  |  | 9,530 |  |  | — |  |  | 9,637 |  |  |  |  | 9,637 |
Balanced managed funds | — |  |  | 71,629 |  |  |  |  | 71,629 |  |  | — |  |  | 60,959 |  |  |  |  | 60,959 |
Fixed income securities: Commingled funds | — |  |  | 100,740 |  |  |  |  | 100,740 |  |  | — |  |  | 125,223 |  |  |  |  | 125,223 |
Other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate/other | — |  |  | 511 |  |  |  |  | 511 |  |  | — |  |  | 480 |  |  |  |  | 480 |
Cash and cash equivalents | 12,503 |  |  | 82,509 |  |  |  |  | 95,012 |  |  | 1,328 |  |  | 73,045 |  |  |  |  | 74,373 |
Total Non-US plan assets | $ | 12,503 |  |  | $ | 290,029 |  |  | $ | — |  |  | $ | 302,532 |  |  | $ | 1,328 |  |  | $ | 291,840 |  |  | $ | — |  |  | $ | 293,168 |
Total plan assets | $ | 12,503 |  |  | $ | 294,933 |  |  | $ | 169,266 |  |  | $ | 476,702 |  |  | $ | 1,328 |  |  | $ | 297,438 |  |  | $ | 167,971 |  |  | $ | 466,737 |
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 Year |  | US |  | Non-US |  | Total
2026 |  | $ | 15,943 |  |  | $ | 13,773 |  |  | $ | 29,716 |
2027 |  | 15,880 |  |  | 14,497 |  |  | 30,377 |
2028 |  | 15,865 |  |  | 14,741 |  |  | 30,606 |
2029 |  | 15,886 |  |  | 15,879 |  |  | 31,765 |
2030 |  | 15,624 |  |  | 16,817 |  |  | 32,441 |
2031–2035 |  | 77,327 |  |  | 97,312 |  |  | 174,639 |
Total |  | $ | 156,525 |  |  | $ | 173,019 |  |  | $ | 329,544 |

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