Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income

v3.3.1.900
Comprehensive Income
6 Months Ended
Oct. 31, 2015
Comprehensive Income

3. Comprehensive Income

Comprehensive income is comprised of net income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive income. Accumulated other comprehensive loss, net of taxes, is recorded as a component of stockholders’ equity.

The components of accumulated other comprehensive loss were as follows:

 

     October 31,
2015
     April 30,
2015
 
     (in thousands)  

Foreign currency translation adjustments

   $ (37,902    $ (20,919

Deferred compensation and pension plan adjustments, net of tax

     (18,813      (19,708

Unrealized gains on marketable securities, net of tax

     —           4   
  

 

 

    

 

 

 

Accumulated other comprehensive loss, net

   $ (56,715    $ (40,623
  

 

 

    

 

 

 

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2015:

 

     Foreign
Currency
Translation
     Deferred
Compensation
and Pension
Plan (1)
     Unrealized
Losses on
Marketable
Securities
     Accumulated
Other
Comprehensive
Income (Loss)
 
     (in thousands)  

Balance as of July 31, 2015

   $ (36,551    $ (19,261    $       —         $ (55,812

Unrealized losses arising during the period

     (1,351      —           —           (1,351

Reclassification of realized net losses to net income

     —           448         —           448   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of October 31, 2015

   $ (37,902    $ (18,813    $ —         $ (56,715
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2015:

 

     Foreign
Currency
Translation
     Deferred
Compensation
and Pension
Plan (1)
     Unrealized
Gains
(Losses) on
Marketable
Securities
     Accumulated
Other
Comprehensive
Income (Loss)
 
     (in thousands)  

Balance as of April 30, 2015

   $ (20,919    $ (19,708    $           4       $ (40,623

Unrealized losses arising during the period

     (16,983      —           (4      (16,987

Reclassification of realized net losses to net income

     —           895         —           895   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of October 31, 2015

   $ (37,902    $ (18,813    $ —         $ (56,715
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) The tax effects on the reclassifications of realized net losses was $0.3 million and $0.6 million for the three and six months ended October 31, 2015, respectively.

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the three months ended October 31, 2014:

 

     Foreign
Currency
Translation
     Deferred
Compensation
and Pension
Plan (1)
     Unrealized
Gains
(Losses) on
Marketable
Securities
     Accumulated
Other
Comprehensive
Income (Loss)
 
     (in thousands)  

Balance as of July 31, 2014

   $ 11,924       $ (17,519    $ 8       $ (5,587

Unrealized gains (losses) arising during the period

     (12,555      —           4         (12,551

Reclassification of realized net losses to net income

     —           467         —           467   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of October 31, 2014

   $ (631    $ (17,052    $         12       $ (17,671
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss) for the six months ended October 31, 2014:

 

     Foreign
Currency
Translation
     Deferred
Compensation
and Pension
Plan (1)
     Unrealized
Gains
(Losses) on
Marketable
Securities
     Accumulated
Other
Comprehensive
Income (Loss)
 
     (in thousands)  

Balance as of April 30, 2014

   $ 15,604       $ (18,006    $         14       $ (2,388

Unrealized losses arising during the period

     (16,235      —           (2      (16,237

Reclassification of realized net losses to net income

     —           954         —           954   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of October 31, 2014

   $ (631    $ (17,052    $ 12       $ (17,671
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) The tax effects on the reclassifications of realized net losses was $0.3 million and $0.6 million for the three and six months ended October 31, 2014, respectively.