XML 27 R10.htm IDEA: XBRL DOCUMENT v3.20.2
Comprehensive Income
 12 Months Ended
Apr. 30, 2020
Equity [Abstract]  
Comprehensive Income

3. Comprehensive Income

Comprehensive income is comprised of net income and all changes to stockholders’ equity, except those changes resulting from investments by stockholders (changes in paid-in capital) and distributions to stockholders (dividends) and is reported in the accompanying consolidated statements of comprehensive income. Accumulated other comprehensive income (loss), net of taxes, is recorded as a component of stockholders’ equity.

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

 

 

 

April 30,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Foreign currency translation adjustments

 

$

(83,652

)

 

$

(60,270

)

Deferred compensation and pension plan adjustments, net of taxes

 

 

(23,554

)

 

 

(16,838

)

Marketable securities unrealized gain, net of tax

 

 

34

 

 

 

—

 

Interest rate swap unrealized gain, net of taxes

 

 

—

 

 

 

456

 

Accumulated other comprehensive loss, net

 

$

(107,172

)

 

$

(76,652

)

 

The following table summarizes the changes in each component of accumulated other comprehensive income (loss):

 

 

 

Foreign

Currency

Translation

 

 

Deferred

Compensation

and Pension

Plan (1)

 

 

Unrealized Gain on Marketable Securities

 

 

Unrealized

(Losses)

Gains on

Interest Rate

Swap (2)

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

 

Balance as of May 1, 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 net 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

)

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

)

 

(1)

The tax effects on unrealized (losses) gains were $(3.1) million, $(2.3) million and $2.5 million as of April 30, 2020, 2019 and 2018, respectively. The tax effects on reclassifications of realized net losses were $0.8 million, $0.4 million and $0.8 million as of April 30, 2020, 2019 and 2018, respectively.

(2)

The tax effects on unrealized (losses) gains were $(0.2) million, $(0.3) million and $0.8 million as of April 30, 2020, 2019 and 2018, respectively. The tax effect on the reclassification of realized net (losses) gains to net income was $(0.1) million, $0.1 million and $(0.3) million as of April 30, 2020 2019 and 2018, respectively.