Defined Benefit Pension Plans

6 Months Ended

Oct. 31, 2013

Compensation And Retirement Disclosure [Abstract]

G. 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 $300,000 were paid to the plans during the six months ended October 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 $1,000,000 were made during the six months ended October 31, 2012.

Pension expense consisted of the following (in thousands):


	Three months ended October 31, 2013			Three months ended October 31, 2012
Service cost	$	-0-		$	-0-
Interest cost		217			226
Expected return on plan assets		(324	)		(305	)
Recognition of net loss		288			276

Net periodic pension expense	$	181		$	197


	Six months ended October 31, 2013			Six months ended October 31, 2012
Service cost	$	-0-		$	-0-
Interest cost		429			453
Expected return on plan assets		(641	)		(607	)
Recognition of net loss		571			551

Net periodic pension expense	$	359		$	397