Annual report pursuant to Section 13 and 15(d)

Comprehensive Income (Tables)

v3.19.2
Comprehensive Income (Tables)
12 Months Ended
Apr. 30, 2019
Equity [Abstract]  
Components of Accumulated Other Comprehensive (Loss) Income

The components of accumulated other comprehensive (loss) income were as follows:

 

 

 

April 30,

 

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Foreign currency translation adjustments

 

$

(60,270

)

 

$

(32,399

)

Deferred compensation and pension plan adjustments, net of taxes

 

 

(16,838

)

 

 

(9,073

)

Interest rate swap unrealized gain, net of taxes

 

 

456

 

 

 

1,337

 

Accumulated other comprehensive loss, net

 

$

(76,652

)

 

$

(40,135

)

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

(Losses)

Gains on

Interest Rate

Swap (2)

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Balance as of May 1, 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

)

Unrealized gains arising during the period

 

 

22,960

 

 

 

4,813

 

 

 

1,465

 

 

 

29,238

 

Reclassification of realized net losses to net income

 

 

 

 

 

1,241

 

 

 

450

 

 

 

1,691

 

Balance as of April 30, 2018

 

 

(32,399

)

 

 

(9,073

)

 

 

1,337

 

 

 

(40,135

)

Unrealized losses arising during the period

 

 

(27,871

)

 

 

(6,461

)

 

 

(800

)

 

 

(35,132

)

Reclassification of realized losses (gains) to net income

 

 

 

 

 

1,092

 

 

 

(280

)

 

 

812

 

Effect of adoption of accounting standard

 

 

 

 

 

(2,396

)

 

 

199

 

 

 

(2,197

)

Balance as of April 30, 2019

 

$

(60,270

)

 

$

(16,838

)

 

$

456

 

 

$

(76,652

)

 

(1)

The tax effects on unrealized (losses) gains were $(2.3) million, $2.5 million and $1.9 million as of April 30, 2019, 2018 and 2017, respectively. The tax effects on reclassifications of realized net losses were $0.4 million, $0.8 million and $1.2 million as of April 30, 2019, 2018 and 2017, respectively.

(2)

The tax effects on unrealized (losses) gains were $(0.3) million, $0.8 million and $(0.4) million as of April 30, 2019, 2018 and 2017, respectively. The tax effect on the reclassification of realized net gains (losses) to net income was $0.1 million and $(0.3) million as of April 30, 2019 and 2018, respectively.