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Defined Benefit Pension Plans
 9 Months Ended
Jan. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Defined Benefit Pension Plans

E. Defined Benefit Pension Plans

The Company has non-contributory defined benefit pension plans. 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 $775,000 were paid to the plans during the nine months ended January 31, 2015, and the Company does not expect any contributions to be paid to the plans during the remainder of the fiscal year. Contributions of $300,000 were made during the nine months ended January 31, 2014.

Pension expense consisted of the following (in thousands):

 

     Three months ended
January 31, 2015		      Three months ended
January 31, 2014		  

Service cost

    $ -0-       $ -0-   

Interest cost

      223         214   

Expected return on plan assets

      (331 )       (321 ) 

Recognition of net loss

      233         286   
  

 

 

     

 

 

  

Net periodic pension expense

 $ 125    $ 179   
  

 

 

     

 

 

  
     Nine months ended
January 31, 2015		      Nine months ended
January 31, 2014		  

Service cost

    $ -0-       $ -0-   

Interest cost

      670         643   

Expected return on plan assets

      (993 )       (962 ) 

Recognition of net loss

      700         857   
  

 

 

     

 

 

  

Net periodic pension expense

 $ 377    $ 538