Retirement Plans (Tables)

12 Months Ended

Apr. 30, 2012

Retirement Plans [Abstract]

Amounts in Accumulated Other Comprehensive Loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year

The amounts in Accumulated Other Comprehensive Loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year are as follows (in thousands):

	United States	Non-U.S.	Total
Actuarial Loss	$5,128	$3,995	$9,123
Prior Service Cost	854	126	980
Total	$5,982	$4,121	$10,103

Components of net periodic pension expense for defined benefit plans and the weighted-average assumptions

The components of net pension expense for the defined benefit plans and the weighted-average assumptions were as follows (in thousands):

	2012		2011		2010
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Service Cost	$9,951	$6,062	$9,591	$6,681	$6,451	$4,644
Interest Cost	12,042	15,862	10,758	16,118	10,033	14,022
Expected Return on Plan Assets	(11,679)	(17,412)	(10,118)	(15,542)	(7,424)	(12,044)
Net Amortization of Prior Service Cost and Transition Asset	902	133	770	117	638	223
Recognized Net Actuarial Loss	4,444	670	4,343	2,915	2,377	1,399
Net Pension Expense	$15,660	$5,315	$15,344	$10,289	$12,075	$8,244
Discount Rate	5.7%	5.6%	5.9%	5.7%	7.5%	6.9%
Rate of Compensation Increase	4.0%	4.4%	4.0%	4.6%	4.0%	4.2%
Expected Return on Plan Assets	8.0%	6.8%	8.5%	6.8%	8.7%	6.8%

Changes in and status of the plans' assets and benefit obligations

The following table sets forth the changes in and the status of the plans' assets and benefit obligations:

Dollars in thousands	2012		2011
CHANGE IN PLAN ASSETS	U.S.	Non-U.S.	U.S.	Non-U.S.
Fair Value of Plan Assets, Beginning of Year	$144,887	$268,268	$119,301	$223,396
Actual Return on Plan Assets	9,676	8,033	19,409	19,369
Employer Contributions	15,656	9,283	12,606	12,176
Employees' Contributions	-	1,937	-	1,960
Benefits Paid	(9,823)	(11,556)	(6,429)	(6,619)
Foreign Currency Rate Changes	-	(5,636)	-	17,986
Fair Value, End of Year	$160,396	$270,329	$144,887	$268,268
CHANGE IN PROJECTED BENEFIT OBLIGATION
Benefit Obligation, Beginning of Year	$(208,969)	$(300,178)	$(182,064)	$(282,119)
Service Cost	(9,951)	(6,062)	(9,591)	(6,681)
Interest Cost	(12,042)	(15,862)	(10,758)	(16,118)
Employee Contributions	-	(1,937)	-	(1,960)
Actuarial Gain (Loss)	(30,980)	(21,846)	(11,615)	21,329
Benefits Paid	9,823	11,556	6,429	6,619
Foreign Currency Rate Changes	-	7,900	-	(21,151)
Amendments and Other	(1,280)	(301)	(1,370)	(97)
Benefit Obligation, End of Year	$(253,399)	$(326,730)	$(208,969)	$(300,178)
Funded Status	$(93,003)	$(56,401)	$(64,082)	$(31,910)
AMOUNTS RECOGNIZED IN THE STATEMENT OF FINANCIAL POSITION:
Deferred Pension Asset	$            -	$            -	$            -	$         49
Current Pension Liability	(2,524)	(1,065)	(3,241)	(1,206)
Noncurrent Pension Liability	(90,479)	(55,336)	(60,841)	(30,753)
Net Amount Recognized in Statement of Financial Position	$(93,003)	$(56,401)	$(64,082)	$(31,910)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME CONSIST OF (before tax)
Net Actuarial Loss	$(82,301)	$(65,859)	$(53,758)	$(35,840)
Prior Service Cost	(3,062)	(1,185)	(2,684)	(1,120)
Total Accumulated Other Comprehensive Loss	$(85,363)	$(67,044)	$(56,442)	$(36,960)
Change in Accumulated Other Comprehensive  Loss	$(28,921)	$(30,084)	$1,380	$25,042
WEIGHTED AVERAGE ASSUMPTIONS USED IN DETERMINING ASSETS AND LIABILITIES
Discount Rate	4.7%	5.0%	5.7%	5.6%
Rate of Compensation Increase	3.1%	3.4%	4.0%	4.4%
Accumulated Benefit Obligations	$(242,780)	$(299,947)	$(196,316)	$(276,045)

Pension plan assets at fair value by level within the fair value hierarchy

The Company did not maintain any level 3 assets during fiscal years 2012 and 2011. The following tables set forth, by level within the fair value hierarchy, pension plan assets at their fair value as of April 30 (in thousands):

	2012			2011
	Level 1	Level 2	Total	Level 1	Level 2	Total
U.S. Plan Assets
Equity Securities:
U.S. Commingled Funds	$         -	$68,750	$68,750	$         -	$56,937	$56,937
Non-U.S. Commingled Funds	-	29,208	29,208	-	30,632	30,632
Fixed Income Securities:
Fixed Income Commingled Funds	-	51,630	51,630	-	47,825	47,825
Other:
Real Estate	-	10,808	10,808	-	9,493	9,493
Total U.S. Plan Assets	$         -	$160,396	$160,396	$         -	$144,887	$144,887
Non-U.S. Plan Assets
Equity Securities:
U.S. Equities	$14,720	$14,556	$29,276	$12,500	$14,635	$27,135
Non-U.S. Equities	13,856	71,851	85,707	17,798	74,850	92,648
Balanced Managed Funds	9,761	1,542	11,303	9,471	1,532	11,003
Fixed Income Securities:
Government /Sovereign Securities	15,738	32,937	48,675	14,416	28,090	42,506
Fixed Income Funds	17,483	51,922	69,405	18,046	51,372	69,418
Other:
Real Estate/Other	3,027	12,586	15,613	3,866	11,329	15,195
Cash and Cash Equivalents	10,350	-	10,350	10,363	-	10,363
Total Non-U.S. Plan Assets	$84,935	$185,394	$270,329	$86,460	$181,808	$268,268
Total Plan Assets	$84,935	$345,790	$430,725	$86,460	$326,695	$413,155