Quarterly report pursuant to Section 13 or 15(d)

Deferred Compensation and Retirement Plans (Tables)

v3.23.2
Deferred Compensation and Retirement Plans (Tables)
 3 Months Ended
Jul. 31, 2023
Retirement Benefits [Abstract]  
Components of Net Periodic Benefits Costs
The components of net periodic benefit costs are as follows:
Three Months Ended
July 31,
2023 2022
(in thousands)
Service cost $ 9,833  $ 9,143 
Interest cost 3,357  2,387 
Amortization of actuarial loss 184  218 
Expected return on plan assets (1)
(272) (289)
Net periodic service credit amortization (101) (101)
Net periodic benefit costs (2)
$ 13,001  $ 11,358 
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(1)
The expected long-term rate of return on plan assets was 6.00% and 5.50% for July 31, 2023 and 2022, respectively.
(2) The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the consolidated statements of income.