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Defined Benefit Pension Plans
3 Months Ended
Jul. 31, 2012
Defined Benefit Pension Plans [Abstract]  
Defined Benefit Pension Plans

D. 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 did not make any contributions to the plans during the three months ended July 31, 2012. The Company expects to make contributions in the amount of $1.0 million to the plans in fiscal year 2013. Contributions of $402,000 were made during the three months ended July 31, 2011.

Pension expense consisted of the following (in thousands):

 

                 
    Three months ended
July 31, 2012
    Three months ended
July  31, 2011
 

Service cost

  $ -0   $ -0

Interest cost

    227       235  

Expected return on plan assets

    (302     (326

Recognition of net loss

    275       179  
   

 

 

   

 

 

 

Net periodic pension expense

  $ 200     $ 88