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Defined Benefit Pension Plans
3 Months Ended
Jul. 31, 2011
Defined Benefit Pension Plans 
Defined Benefit Pension Plans

E. Defined Benefit Pension Plans

The Company has non-contributory defined benefit pension plans covering substantially all salaried and hourly employees. These plans were amended as of April 30, 2005, no further benefits have been, or will be, earned under the plans, subsequent to the amendment date, and no additional participants will be added to the plans. The Company made contributions in the amount of $402,000 during the three months ended July 31, 2011, and the Company does not expect any contributions to be paid to the plans during the remainder of the fiscal year. No contributions were paid to the plans during the three months ended July 31, 2010.

Pension expense consisted of the following (in thousands):

 

     Three months ended
July 31, 2011		     Three months ended
July 31, 2010		  

Service cost

    $ -0-      $ -0-   

Interest cost

      235        240   

Expected return on plan assets

      (326 )      (289 ) 

Recognition of net loss

      179        172   
  

 

 

    

 

 

  

Net periodic pension expense

    $ 88      $ 123