Income Taxes (Tables)

12 Months Ended

Apr. 30, 2016

Income Taxes [Abstract]

Provision for Income Taxes

The provisions for income taxes for the years ended April 30 were as follows (in thousands):

	2016	2015	2014
Current Provision
US – Federal	$(5,365)	$27,137	$13,541
International	31,958	27,613	34,519
State and Local	1,657	1,007	(733)
Total Current Provision	$28,250	$55,757	$47,327
Deferred Provision (Benefit)
US – Federal	$6,625	$(7,554)	$(1,748)
International	(6,459)	606	(10,008)
State and Local	595	(216)	(547)
Total Deferred (Benefit)	$761	$(7,164)	$(12,303)
Total Provision	$29,011	$48,593	$35,024

International and United States Pretax Income

International and United States pretax income for the years ended April 30, 2016 were as follows (in thousands):

	2016	2015	2014
International	$159,152	$165,085	$159,442
United States	15,641	60,376	36,092
Total	$174,793	$225,461	$195,534

Reconciliation of Effective Income Tax Rate

The Company’s effective income tax rate as a percentage of pretax income differed from the U.S. federal statutory rate as shown below:

	2016	2015	2014
U.S. Federal Statutory Rate	35.0%	35.0%	35.0%
Benefit from Lower Taxes on Non-U.S. Income	(14.6)	(11.9)	(10.8)
State Income Taxes, Net of U.S. Federal Tax Benefit	0.8	0.3	0.4
Deferred Tax Benefit From Statutory Tax Rate Change	(3.4)	-	(5.4)
Tax Adjustments and Other	(1.2)	(1.8)	(1.3)
Effective Income Tax Rate	16.6%	21.6%	17.9%

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits included within the Other Long-Term Liabilities line item in the Consolidated Statements of Financial Position follows (in thousands):

	2016	2015
Balance at May 1st	$19,349	$23,826
Additions for Current Year Tax Positions	1,077	503
Additions for Prior Year Tax Positions	533	519
Reductions for Prior Year Tax Positions	(214)	(595)
Foreign Translation Adjustment	569	(4,207)
Payments	(132)	-
Reductions for Lapse of Statute of Limitations	(1,319)	(697)
Balance at April 30th	$19,863	$19,349

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities at April 30 were as follows (in thousands):

	2016	2015
Inventories	$5,349	$5,230
Intangible and Fixed Assets	288,769	297,323
Total Deferred Tax Liabilities	$294,118	$302,553
Net Operating Losses	$3,148	$4,599
Reserve for Sales Returns and Doubtful Accounts	6,075	6,922
Accrued Employee Compensation	29,550	28,093
Other Accrued Expenses	14,842	14,583
Retirement and Post-Employment Benefits	64,438	62,385
Total  Deferred Tax Assets	$118,053	$116,582
Net Deferred Tax Liabilities	$176,065	$185,971
Reported As
Current Deferred Tax Assets	$11,126	$9,981
Non-current Deferred Tax Assets	2,677	2,995
Non-current  Deferred  Tax Liabilities	189,868	198,947
Net Deferred Tax Liabilities	$176,065	$185,971