| Components of Accumulated Other Comprehensive Loss |
The components of accumulated other comprehensive loss were as
follows:
|
|
|
|
|
|
|
|
|
| |
|
April 30, |
|
| |
|
2017 |
|
|
2016 |
|
| |
|
(in thousands)
|
|
|
Foreign currency translation adjustments
|
|
$ |
(55,359 |
) |
|
$ |
(36,339 |
) |
|
Deferred compensation and pension plan adjustments, net of
taxes
|
|
|
(15,127 |
) |
|
|
(21,572 |
) |
|
Interest rate swap unrealized loss, net of taxes
|
|
|
(578 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive loss, net
|
|
$ |
(71,064 |
) |
|
$ |
(57,911 |
) |
|
|
|
|
|
|
|
|
|
|
| Changes in Each Component of Accumulated Other Comprehensive (Loss) Income |
The following table summarizes the changes in each component of
accumulated other comprehensive (loss) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Foreign
Currency
Translation |
|
|
Deferred
Compensation
and Pension
Plan (1) |
|
|
Unrealized
Gains
(Losses) on
Marketable
Securities |
|
|
Unrealized
losses on
interest rate
swap (2) |
|
|
Accumulated
Other
Comprehensive
Income (Loss) |
|
| |
|
(in
thousands) |
|
|
Balance as of May 1, 2014
|
|
$ |
15,604 |
|
|
$ |
(18,006 |
) |
|
$ |
14 |
|
|
$ |
— |
|
|
$ |
(2,388 |
) |
|
Unrealized losses arising during the period
|
|
|
(36,523 |
) |
|
|
(3,589 |
) |
|
|
(10 |
) |
|
|
— |
|
|
|
(40,122 |
) |
|
Reclassification of realized net losses to net income
|
|
|
— |
|
|
|
1,887 |
|
|
|
— |
|
|
|
— |
|
|
|
1,887 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of April 30, 2015
|
|
|
(20,919 |
) |
|
|
(19,708 |
) |
|
|
4 |
|
|
|
— |
|
|
|
(40,623 |
) |
|
Unrealized losses arising during the period
|
|
|
(15,420 |
) |
|
|
(3,653 |
) |
|
|
(4 |
) |
|
|
— |
|
|
|
(19,077 |
) |
|
Reclassification of realized net losses to net income
|
|
|
— |
|
|
|
1,789 |
|
|
|
— |
|
|
|
— |
|
|
|
1,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of April 30, 2016
|
|
|
(36,339 |
) |
|
|
(21,572 |
) |
|
|
— |
|
|
|
— |
|
|
|
(57,911 |
) |
|
Unrealized (losses) gains arising during the period
|
|
|
(19,020 |
) |
|
|
4,584 |
|
|
|
— |
|
|
|
(635 |
) |
|
|
(15,071 |
) |
|
Reclassification of realized net losses to net income
|
|
|
— |
|
|
|
1,861 |
|
|
|
— |
|
|
|
57 |
|
|
|
1,918 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of April 30, 2017
|
|
$ |
(55,359 |
) |
|
$ |
(15,127 |
) |
|
$ |
— |
|
|
$ |
(578 |
) |
|
$ |
(71,064 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
The tax effects on unrealized gains
(losses) were $1.9 million, $(2.3) million and $(2.3) million as of
April 30, 2017, 2016 and 2015, respectively. The tax effects
on reclassifications of realized net losses were $1.2 million, $1.1
million and $1.2 million as of April 30, 2017, 2016 and 2015,
respectively. |
| (2) |
The tax effects on unrealized
(losses) were $(0.4) million as of April 30, 2017. |
|