Defined Benefit Pension Plans

6 Months Ended

Oct. 31, 2019

The Company has non-contributory defined benefit pension plans covering substantially all domestic 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. There were no Company contributions paid to the plans during the three and six months ended October 31, 2019, and the Company does not expect any contributions to be paid during the remainder of the fiscal year. Contributions of $1,000,000 were paid to the plans during the six months ended October 31, 2018. The Company assumed an expected long-term rate of return of 7.75% for the periods ended October 31, 2019 and October 31, 2018. Pension expense consisted of the following (in thousands):



	Three Months Ended October 31, 2019			Three Months Ended October 31, 2018
Service cost	$	0		$	0
Interest cost	208			215
Expected return on plan assets	(355		)	(362		)
Recognition of net loss	260			221
Net periodic pension expense	$	113		$	74



	Six Months Ended October 31, 2019			Six Months Ended October 31, 2018
Service cost	$	0		$	0
Interest cost	416			430
Expected return on plan assets	(710		)	(724		)
Recognition of net loss	520			442
Net periodic pension expense	$	226		$	148