Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income

v3.23.2
Comprehensive Income
3 Months Ended
Jul. 31, 2023
Equity [Abstract]  
Comprehensive Income 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, net were as follows:
July 31,
2023
April 30,
2023
(in thousands)
Foreign currency translation adjustments $ (94,729) $ (96,860)
Deferred compensation and pension plan adjustments, net of tax 4,408  4,381 
Marketable securities unrealized loss, net of tax (150) (285)
Accumulated other comprehensive loss, net $ (90,471) $ (92,764)
The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2023:
Foreign
Currency
Translation
Deferred
Compensation
and Pension
Plan
Unrealized Losses on
Marketable Securities
Accumulated
Other
Comprehensive
Loss
(in thousands)
Balance as of April 30, 2023 $ (96,860) $ 4,381  $ (285) $ (92,764)
Unrealized gains arising during the period 2,131  —  135  2,266 
Reclassification of realized net losses to net income —  27  —  27 
Balance as of July 31, 2023 $ (94,729) $ 4,408  $ (150) $ (90,471)
The following table summarizes the changes in each component of accumulated other comprehensive loss, net for the three months ended July 31, 2022:
Foreign
Currency
Translation
Deferred
Compensation
and Pension
Plan
Unrealized Losses on
Marketable Securities
Accumulated
Other
Comprehensive
Loss
(in thousands)
Balance as of April 30, 2022 $ (92,717) $ 961  $ (429) $ (92,185)
Unrealized losses arising during the period (16,257) —  (53) (16,310)
Reclassification of realized net losses to net income —  51  —  51 
Balance as of July 31, 2022 $ (108,974) $ 1,012  $ (482) $ (108,444)