Deferred Compensation and Retirement Plans (Tables)
|
12 Months Ended |
Apr. 30, 2013
|
Total Benefit Obligations |
The total
benefit obligations for these plans were as follows:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
|
(in thousands) |
|
Deferred compensation
plans
|
|
$ |
85,562 |
|
|
$ |
78,479 |
|
Pension plan
|
|
|
4,536 |
|
|
|
4,214 |
|
International retirement
plans
|
|
|
3,646 |
|
|
|
2,776 |
|
Executive Capital
Accumulation Plan
|
|
|
75,913 |
|
|
|
71,134 |
|
|
|
|
|
|
|
|
|
|
Total benefit
obligations
|
|
|
169,657 |
|
|
|
156,603 |
|
Less: current portion of
benefit obligation
|
|
|
(9,951 |
) |
|
|
(14,026 |
) |
|
|
|
|
|
|
|
|
|
Non-current benefit
obligation
|
|
$ |
159,706 |
|
|
$ |
142,577 |
|
|
|
|
|
|
|
|
|
|
|
Deferred Compensation Plan
|
|
Reconciliation Of Benefit Obligation |
The following
tables reconcile the benefit obligation for the deferred
compensation plans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
|
(in thousands) |
|
Change in benefit
obligation:
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit obligation,
beginning of year
|
|
$ |
78,479 |
|
|
$ |
70,319 |
|
|
$ |
64,890 |
|
Service cost
|
|
|
— |
|
|
|
— |
|
|
|
137 |
|
Interest cost
|
|
|
2,868 |
|
|
|
3,346 |
|
|
|
3,495 |
|
Plan participants’
contributions with interest
|
|
|
— |
|
|
|
— |
|
|
|
65 |
|
Actuarial loss
|
|
|
9,420 |
|
|
|
9,885 |
|
|
|
6,764 |
|
Benefits paid
|
|
|
(5,205 |
) |
|
|
(5,071 |
) |
|
|
(5,032 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit obligation, end of
year
|
|
|
85,562 |
|
|
|
78,479 |
|
|
|
70,319 |
|
Less: current portion of
benefit obligation
|
|
|
(5,182 |
) |
|
|
(4,959 |
) |
|
|
(3,682 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current benefit
obligation
|
|
$ |
80,380 |
|
|
$ |
73,520 |
|
|
$ |
66,637 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Components Of Net Periodic Benefit Costs |
The components
of net periodic benefits costs are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
|
(in thousands) |
|
Service cost
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
137 |
|
Interest cost
|
|
|
2,868 |
|
|
|
3,346 |
|
|
|
3,495 |
|
Amortization of actuarial
loss
|
|
|
2,357 |
|
|
|
1,374 |
|
|
|
422 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net periodic benefit
cost
|
|
$ |
5,225 |
|
|
$ |
4,720 |
|
|
$ |
4,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average Assumptions Used In Calculating The Benefit Obligation |
The
weighted-average assumptions used in calculating the benefit
obligations were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
Discount rate, beginning of
year
|
|
|
3.79 |
% |
|
|
4.94 |
% |
|
|
5.61 |
% |
Discount rate, end of
year
|
|
|
3.12 |
% |
|
|
3.79 |
% |
|
|
4.94 |
% |
Rate of compensation
increase
|
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
Pension Plans, Defined Benefit
|
|
Reconciliation Of Benefit Obligation |
The following
tables reconcile the benefit obligation for the pension
plan:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
|
(in thousands) |
|
Change in benefit
obligation:
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit obligation,
beginning of year
|
|
$ |
4,214 |
|
|
$ |
3,952 |
|
|
$ |
3,630 |
|
Interest cost
|
|
|
154 |
|
|
|
189 |
|
|
|
197 |
|
Actuarial loss
|
|
|
426 |
|
|
|
289 |
|
|
|
307 |
|
Benefits paid
|
|
|
(258 |
) |
|
|
(216 |
) |
|
|
(182 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit obligation, end of
year
|
|
|
4,536 |
|
|
|
4,214 |
|
|
|
3,952 |
|
Less: current portion of
benefit obligation
|
|
|
(232 |
) |
|
|
(212 |
) |
|
|
(137 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current benefit
obligation
|
|
$ |
4,304 |
|
|
$ |
4,002 |
|
|
$ |
3,815 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Components Of Net Periodic Benefit Costs |
The components
of net periodic benefits costs are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
|
(in thousands) |
|
Interest cost
|
|
$ |
154 |
|
|
$ |
189 |
|
|
$ |
197 |
|
Amortization of actuarial
loss (gain)
|
|
|
18 |
|
|
|
47 |
|
|
|
(2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net periodic benefit
cost
|
|
$ |
172 |
|
|
$ |
236 |
|
|
$ |
195 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-Average Assumptions Used In Calculating The Benefit Obligation |
The
weighted-average assumptions used in calculating the benefit
obligations were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
Discount rate, beginning of
year
|
|
|
3.79 |
% |
|
|
4.94 |
% |
|
|
5.61 |
% |
Discount rate, end of
year
|
|
|
3.12 |
% |
|
|
3.79 |
% |
|
|
4.94 |
% |
Rate of compensation
increase
|
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
Expected Benefit Payments Associated With Future Service |
Benefit
payments, which reflect expected future service, as appropriate,
are expected to be paid over the next ten years as
follows:
|
|
|
|
|
|
|
|
|
Year Ending
April 30,
|
|
Deferred
Compensation
Plans |
|
|
Pension
Benefits |
|
|
|
(in thousands) |
|
2014
|
|
$ |
6,602 |
|
|
$ |
313 |
|
2015
|
|
|
6,515 |
|
|
|
319 |
|
2016
|
|
|
6,789 |
|
|
|
320 |
|
2017
|
|
|
6,520 |
|
|
|
316 |
|
2018
|
|
|
6,184 |
|
|
|
274 |
|
2019-2023
|
|
|
30,853 |
|
|
|
1,335 |
|
|
Executive Capital Accumulation Plan
|
|
Reconciliation Of Benefit Obligation |
Changes in the
ECAP liability were as follows:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
April 30, |
|
|
|
2013 |
|
|
2012 |
|
|
|
(in thousands) |
|
Balance, beginning of
year
|
|
$ |
71,134 |
|
|
$ |
67,214 |
|
Employee
contributions
|
|
|
1,943 |
|
|
|
3,483 |
|
Amortization of employer
contributions
|
|
|
9,010 |
|
|
|
7,423 |
|
Gain on
investment
|
|
|
6,281 |
|
|
|
884 |
|
Employee
distributions
|
|
|
(12,244 |
) |
|
|
(7,661 |
) |
Exchange rate
translations
|
|
|
(211 |
) |
|
|
(209 |
) |
|
|
|
|
|
|
|
|
|
Balance, end of
year
|
|
|
75,913 |
|
|
|
71,134 |
|
Less: current
portion
|
|
|
(4,537 |
) |
|
|
(8,855 |
) |
|
|
|
|
|
|
|
|
|
Non-current portion, end of
year
|
|
$ |
71,376 |
|
|
$ |
62,279 |
|
|
|
|
|
|
|
|
|
|
|