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Retirement Benefits (Tables) | 12 Months Ended
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Apr. 30, 2024
Retirement Benefits [Abstract] |
Summary of Change in Projected Benefit Obligations and Change in Fair Value of Plan Assets | The change in projected benefit obligations and the change in fair value of plan assets for the non-contributory defined benefit pension plans for each of the years ended April 30 are summarized as follows:
$ in thousands |  | 2024 |  | 2023
Accumulated Benefit Obligation, April 30 |  | $ | — |  |  | $ | 18,368 |
Change in Projected Benefit Obligations |  |  |  |
Projected benefit obligations, beginning of year |  | $ | 18,368 |  |  | $ | 20,022 |
Interest cost |  | 890 |  |  | 845 |
Actuarial gain (loss) |  | 53 |  |  | (1,113) |
Actual benefits paid |  | (1,558) |  |  | (1,386) |
Transfer to insurer |  | (17,753) |  |  | — |
Projected benefit obligations, end of year |  | $ | — |  |  | $ | 18,368 |
Change in Plan Assets |  |  |  |
Fair value of plan assets, beginning of year |  | $ | 17,732 |  |  | $ | 18,867 |
Actual return on plan assets |  | 1,292 |  |  | 251 |
Employer contributions |  | 287 |  |  | — |
Actual benefits paid |  | (1,558) |  |  | (1,386) |
Transfer to insurer |  | (17,753) |  |  | — |
Fair value of plan assets, end of year |  | $ | — |  |  | $ | 17,732 |
Funded status—under |  | $ | — |  |  | $ | (636) |
Amounts Recognized in the Consolidated Balance Sheets consist of: |  |  |  |
Non-current liabilities |  | $ | — |  |  | $ | (636) |
Amounts Recognized in Accumulated Other Comprehensive Income (Loss) Consist of: |  |  |  |
Net actual loss |  | $ | — |  |  | $ | 4,526 |
Deferred tax benefit |  | — |  |  | (1,064) |
After-tax actuarial loss |  | $ | — |  |  | $ | 3,462 |
Weighted-Average Assumptions Used to Determine Benefit Obligations at April 30 |  |  |  |
Discount rate |  | N/A |  | 5.10 | %
Rate of compensation increase |  | N/A |  | N/A
Mortality table |  | N/A |  | Pri-2012
Projection scale |  | N/A |  | MP-2021
|  | Year Ended April 30,
Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost |  | 2024 |  | 2023
Discount rate |  | N/A |  | 5.10 | %
Expected long-term return on plan assets |  | N/A |  | 7.75 | %
Rate of compensation increase |  | N/A |  | N/A
Summary of Components of Net Periodic Pension Cost | The components of the net periodic pension (income) expense for each of the fiscal years ended April 30 are as follows:
$ in thousands |  | 2024 |  | 2023
Interest cost |  | $ | 890 |  |  | $ | 845 |
Expected return on plan assets |  | (1,312) |  |  | (1,402) |
Recognition of net loss |  | 580 |  |  | 628 |
Net periodic pension expense |  | $ | 158 |  |  | $ | 71 |
Effect of settlement |  | 4,019 |  |  | — |
Total net periodic pension expense plus special events |  | $ | 4,177 |  |  | $ | 71 |
Summary of Plan Assets by Asset Categories | Plan assets by asset categories as of April 30, 2023 were as follows:
$ in thousands |  |  | 2023
Asset Category |  |  | Amount |  | %
Equity Securities |  |  | $ | 12,724 |  |  | 72 |
Fixed Income Securities |  |  | 4,845 |  |  | 27 |
Cash and Cash Equivalents |  |  | 163 |  |  | 1 |
Totals |  |  | $ | 17,732 |  |  | 100 |
Summary of Fair Value Assets in Defined Benefit Pension Plans | The following tables present the fair value of the assets in the Company's defined benefit pension plans at April 30, 2023:
|  | 2023
Asset Category |  | Level 1 |  | Level 2 |  | Level 3
Large Cap |  | $ | 7,326 |  |  | $ | — |  |  | $ | — |
Small/Mid Cap |  | 2,326 |  |  | — |  |  | — |
International |  | 1,743 |  |  | — |  |  | — |
Emerging Markets |  | 702 |  |  | — |  |  | — |
Fixed Income |  | 4,845 |  |  | — |  |  | — |
Liquid Alternatives |  | 627 |  |  | — |  |  | — |
Cash and Cash Equivalents |  | 163 |  |  | — |  |  | — |
Totals |  | $ | 17,732 |  |  | $ | — |  |  | $ | — |

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- Definition Fair value of plan assets by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), Significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References No definition available. + Details
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- Definition Disclosure of additional asset categories and amounts within a category that is useful in understanding the risks associated with each asset category. + References No definition available. + Details
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- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 17 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480482/715-20-55-17 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-3 + Details
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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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