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Income Taxes (Tables) | 12 Months Ended
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Apr. 30, 2022
Income Tax Disclosure [Abstract] |
Schedule Of Income Tax Expense | Income tax expense was comprised of the following:
| FISCAL YEARS ENDED APRIL 30
(in thousands) | 2022 |  | 2021 |  | 2020
CURRENT |  |  |  |  |
Federal | $ | 8,748 |  |  | $ | 25,683 |  |  | $ | 29,072 |
State | 3,295 |  |  | 5,639 |  |  | 7,581 |
Foreign | 417 |  |  | 1,018 |  |  | 533 |
Total current expense | 12,460 |  |  | 32,340 |  |  | 37,186 |
DEFERRED |  |  |  |  |
Federal | (21,316) |  |  | (10,741) |  |  | (7,508) |
State | (4,049) |  |  | (1,896) |  |  | (4,261) |
Foreign | (352) |  |  | (203) |  |  | (142) |
Total deferred benefit | (25,717) |  |  | (12,840) |  |  | (11,911) |
Total expense (benefit) | (13,257) |  |  | 19,500 |  |  | 25,275 |
Other comprehensive income (loss) | 21,944 |  |  | (1,156) |  |  | (573) |
Total comprehensive income tax expense | $ | 8,687 |  |  | $ | 18,344 |  |  | $ | 24,702 |
Schedule Of Effective Income Tax Rate Reconciliation | The Company's effective income tax rate varied from the federal statutory rate as follows:
| FISCAL YEARS ENDED APRIL 30
| 2022 |  | 2021 |  | 2020
Federal statutory rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Effect of: |  |  |  |  |
Federal income tax credits | 5.4 | % |  | (1.2) | % |  | (0.9) | %
Stock compensation | (0.3) |  |  | 0.2 |  |  | (0.1) |
Uncertain tax positions | 1.7 |  |  | — |  |  | — |
Meals and entertainment | (0.4) |  |  | 0.1 |  |  | 0.3 |
Valuation allowance for deferred taxes | — |  |  | — |  |  | 0.7 |
Foreign | 0.6 |  |  | 0.6 |  |  | 0.4 |
Other | (0.6) |  |  | 0.2 |  |  | 0.7 |
State income taxes, net of federal tax effect | 3.4 |  |  | 3.2 |  |  | 3.4 |
Effective income tax rate | 30.8 | % |  | 24.1 | % |  | 25.5 | %
Schedule Of Significant Components Of Deferred Tax Assets And Liabilities | The significant components of deferred tax assets and liabilities were as follows:
| APRIL 30
(in thousands) | 2022 |  | 2021
Deferred tax assets: |  |  |
Accounts receivable | $ | 1,941 |  |  | $ | 1,781 |
Pension benefits | — |  |  | 815 |
Product liability | 1,739 |  |  | 1,321 |
Employee benefits | 5,604 |  |  | 5,746 |
Tax credit carryforwards | 5,542 |  |  | 5,433 |
Operating leases liabilities | 29,255 |  |  | 32,975 |
Other | 1,862 |  |  | 2,086 |
Gross deferred tax assets, before valuation allowance | 45,943 |  |  | 50,157 |
Valuation allowance | (5,122) |  |  | (4,914) |
Gross deferred tax assets, after valuation allowance | 40,821 |  |  | 45,243 |
Deferred tax liabilities: |  |  |
Pension benefits | 194 |  |  | — |
Inventory | 1,095 |  |  | 3,851 |
Depreciation | 27,178 |  |  | 22,116 |
Intangibles | 18,085 |  |  | 29,123 |
Operating leases right-of-use assets | 26,980 |  |  | 31,320 |
Interest rate swaps | 3,457 |  |  | — |
Other | 703 |  |  | 606 |
Gross deferred tax liabilities | 77,692 |  |  | 87,016 |
Net deferred tax liability | $ | 36,871 |  |  | $ | 41,773 |
Schedule of Unrecognized Tax Benefits Roll Forward | The following table summarizes the activity related to unrecognized tax benefits, excluding the federal tax benefit of state tax deductions:
| APRIL 30
(in thousands) | 2022 |  | 2021
Change in Unrecognized Tax Benefits |  |  |
Balance at beginning of year | $ | 1,491 |  |  | $ | 2,305 |
Additions based on tax positions related to the current year | 49 |  |  | 115 |
Additions based on tax positions of prior years | 1,286 |  |  | — |
Statute of limitations lapses | (756) |  |  | — |
Reductions for tax positions of prior years settlements | — |  |  | (929) |
Balance at end of year | $ | 2,070 |  |  | $ | 1,491 |

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