XML 36 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employer Sponsored Benefit Plans
12 Months Ended
Apr. 30, 2017
Compensation And Retirement Disclosure [Abstract]  
Employer Sponsored Benefit Plans

15. Employer Sponsored Benefit Plans

Contributory Defined Investment Plan — We offer two contributory defined investment plans covering substantially all employees, subject to service requirements.  Employees may contribute up to 100% of their annual pay, depending on the plan. We generally make discretionary matching contributions of up to 50% of the first 6% of employee contributions to the plan. We contributed $2.7 million, $2.4 million, and $2.3 million for the fiscal years ended April 30, 2017, 2016, and 2015, respectively.

Non-Contributory Profit Sharing Plan — We have a non-contributory profit sharing plan covering substantially all of our Springfield, Massachusetts, Houlton, Maine, Deep River, Connecticut; and Columbia, Missouri employees. Employees become eligible on May 1 following the completion of a full fiscal year of continuous service. Our contributions to the plan are discretionary. For fiscal 2017, we plan to contribute approximately $13.0 million, which has been recorded in general and administrative costs. We contributed $11.5 million and $6.2 million for the fiscal years ended April 30, 2016 and 2015, respectively. Contributions are funded after the fiscal year-end.