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Defined Benefit Pension Plans
6 Months Ended
Oct. 31, 2023
Retirement Benefits [Abstract]  
Defined Benefit Pension Plans Defined Benefit Pension Plans
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 for the three and six months ended October 31, 2023 and October 31, 2022. The Company assumed an expected long-term rate of return of 7.75% for the periods ended October 31, 2023 and October 31, 2022.
Pension expense consisted of the following (in thousands):
Three Months Ended
October 31, 2023October 31, 2022
Service cost$— $— 
Interest cost223 100 
Expected return on plan assets(328)(166)
Recognition of net loss145 74 
Net periodic pension expense$40 $
Six Months Ended
October 31, 2023October 31, 2022
Service cost$— $— 
Interest cost447 422 
Expected return on plan assets(656)(701)
Recognition of net loss290 314 
Net periodic pension expense$81 $35