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Defined Benefit Pension Plans
 6 Months Ended
Oct. 31, 2014
Compensation and Retirement Disclosure [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. The Company did not make any contributions to the plans during the six months ended October 31, 2014. The Company expects to make contributions of $775,000 to the plans in December 2014 for fiscal year 2015. Contributions of $300,000 were made during the six months ended October 31, 2013.

Pension expense consisted of the following (in thousands):

 

     Three months ended
October 31, 2014		     Three months ended
October 31, 2013		  

Service cost

    $ -0-      $ -0-   

Interest cost

      225        217   

Expected return on plan assets

      (337 )      (324 ) 

Recognition of net loss

      233        288   
  

 

 

    

 

 

  

Net periodic pension expense

    $ 121      $ 181   
  

 

 

    

 

 

  
     Six months ended
October 31, 2014		     Six months ended
October 31, 2013		  

Service cost

    $ -0-      $ -0-   

Interest cost

      447        429   

Expected return on plan assets

      (662 )      (641 ) 

Recognition of net loss

      467        571   
  

 

 

    

 

 

  

Net periodic pension expense

    $ 252      $ 359