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Defined Benefit Pension Plans
 6 Months Ended
Oct. 31, 2011
Defined Benefit Pension Plans [Abstract]  
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. Contributions of $402,000 were paid to the plans during the six months ended October 31, 2011, and the Company does not expect any contributions to be paid to the plans during the remainder of the fiscal year. Contributions of $719,000 were made during the six months ended October 31, 2010 of the prior year.

Pension expense consisted of the following (in thousands):

 

     Three months ended
October 31, 2011		     Three months ended
October 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   
  

 

 

    

 

 

  
     Six months ended
October 31, 2011		     Six months ended
October 31, 2010		  

Service cost

    $ -0-      $ -0-   

Interest cost

      470        480   

Expected return on plan assets

      (652 )      (578 ) 

Recognition of net loss

      358        344   
  

 

 

    

 

 

  

Net periodic pension expense

    $ 176      $ 246