XML 61 R35.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2

Retirement Benefits (Tables)

12 Months Ended

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					$	—					$	—

X

- 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

Name:	kequ_ScheduleOfAllocationOfPlanAssetsFairValueHierarchyTableTextBlock
Namespace Prefix:	kequ_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	kequ_ScheduleOfPlanAssetsByAssetCategoryTableTextBlock
Namespace Prefix:	kequ_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration