| Components of Accumulated Other Comprehensive Loss |
The components of accumulated other comprehensive loss, net were as follows:
|
|
|
April 30,
|
|
|
|
|
2022
|
|
|
2021
|
|
|
|
|
(in thousands)
|
|
|
Foreign currency translation adjustments
|
|
$
|
(92,717
|
)
|
|
$
|
(33,666
|
)
|
|
Deferred compensation and pension plan adjustments, net of taxes
|
|
|
961
|
|
|
|
(18,135
|
)
|
|
Marketable securities unrealized loss, net of tax
|
|
|
(429
|
)
|
|
|
(19
|
)
|
|
Accumulated other comprehensive loss, net
|
|
$
|
(92,185
|
)
|
|
$
|
(51,820
|
)
|
|
| Changes in Each Component of Accumulated Other Comprehensive Loss |
The following table summarizes the changes in each component of accumulated other comprehensive loss, net:
|
|
|
Foreign
Currency
Translation
|
|
|
Deferred
Compensation
and Pension
Plan (1)
|
|
|
Unrealized Gains (Losses) on Marketable Securities (2)
|
|
|
Unrealized
Gains on
Interest Rate
Swap (3)
|
|
|
Accumulated
Other
Comprehensive
Loss
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
Balance as of May 1, 2019
|
|
$
|
(60,270
|
)
|
|
$
|
(16,838
|
)
|
|
$
|
—
|
|
|
$
|
456
|
|
|
$
|
(76,652
|
)
|
|
Unrealized (losses) gains arising during the period
|
|
|
(23,382
|
)
|
|
|
(8,883
|
)
|
|
|
37
|
|
|
|
(678
|
)
|
|
|
(32,906
|
)
|
|
Reclassification of realized net losses (gains) to net income
|
|
|
—
|
|
|
|
2,167
|
|
|
|
(3
|
)
|
|
|
222
|
|
|
|
2,386
|
|
|
Balance as of April 30, 2020
|
|
|
(83,652
|
)
|
|
|
(23,554
|
)
|
|
|
34
|
|
|
|
—
|
|
|
|
(107,172
|
)
|
|
Unrealized gains (losses) arising during the period
|
|
|
49,986
|
|
|
|
2,660
|
|
|
|
(53
|
)
|
|
|
—
|
|
|
|
52,593
|
|
|
Reclassification of realized net losses to net income
|
|
|
—
|
|
|
|
2,759
|
|
|
|
—
|
|
|
|
—
|
|
|
|
2,759
|
|
|
Balance as of April 30, 2021
|
|
|
(33,666
|
)
|
|
|
(18,135
|
)
|
|
|
(19
|
)
|
|
|
—
|
|
|
|
(51,820
|
)
|
|
Unrealized (losses) gains arising during the period
|
|
|
(59,051
|
)
|
|
|
17,747
|
|
|
|
(411
|
)
|
|
|
—
|
|
|
|
(41,715
|
)
|
|
Reclassification of realized net losses to net income
|
|
|
—
|
|
|
|
1,349
|
|
|
|
1
|
|
|
|
—
|
|
|
|
1,350
|
|
|
Balance as of April 30, 2022
|
|
$
|
(92,717
|
)
|
|
$
|
961
|
|
|
$
|
(429
|
)
|
|
$
|
—
|
|
|
$
|
(92,185
|
)
|
|
(1)
|
The tax effects on unrealized gains (losses) were $6.0 million, $1.1 million and $(3.1) million as of April 30, 2022, 2021 and 2020, respectively. The tax effects on reclassifications of realized net losses were $0.5 million, $1.0 million and $0.8 million as of April 30, 2022, 2021 and 2020, respectively.
|
|
(2)
|
The tax effects on unrealized (losses) were $(0.1) million as of April 30, 2022.
|
|
(3)
|
The tax effects on unrealized (losses) were $(0.2) million as of April 30, 2020. The tax effects on the reclassification of realized net losses to net income was $0.1 million as of April 30, 2020.
|
|