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Defined Benefit Pension Plans
 9 Months Ended
Jan. 31, 2013
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. Contributions of $1,000,000 were paid to the plans during the nine months ended January 31, 2013, and the Company does not expect any contributions to be paid to the plans during the remainder of the fiscal year. Contributions of $402,000 were made during the nine months ended January 31, 2012.

Pension expense consisted of the following (in thousands):

 

                 
    Three months ended
January 31, 2013		     Three months ended
January 31, 2012		  

Service cost

   $ -0-     $ -0-  

Interest cost

     226       235  

Expected return on plan assets

     (303 )      (326 ) 

Recognition of net loss

     276       179  
   

 

 

    

 

 

  

Net periodic pension expense

   $ 199     $ 88  
   

 

 

    

 

 

  

 

                 
    Nine months ended
January 31, 2013		     Nine months ended
January 31, 2012		  

Service cost

   $ -0-     $ -0-  

Interest cost

     679       705  

Expected return on plan assets

     (910 )      (978 ) 

Recognition of net loss

     827       537  
   

 

 

    

 

 

  

Net periodic pension expense

   $ 596     $ 264