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Derivative Financial Instruments (Tables)
9 Months Ended
Jan. 31, 2012
Derivative Financial Instruments [Abstract]  
Fair value of derivative instruments
                                         
    January 31, 2012     April 30, 2011  
    Other
Current
Assets
    Other
Current
Liabilities
    Other
Current
Assets
    Other
Current
Liabilities
    Other
Noncurrent
Liabilities
 

Derivatives designated as hedging instruments:

                                       

Commodity contracts

  $ 350     $ 1,754     $ 3,408     $ 0     $ 0  

Interest rate contract

    0       0       5,423       0       1,384  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total derivatives designated as hedging instruments

  $ 350     $ 1,754     $ 8,831     $ 0     $ 1,384  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Derivatives not designated as hedging instruments:

                                       

Commodity contracts

  $ 2,223     $ 2,921     $ 9,887     $ 5,432     $ 0  

Foreign currency exchange contracts

    56       224       317       3,204       0  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total derivatives not designated as hedging instruments

  $ 2,279     $ 3,145     $ 10,204     $ 8,636     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total derivatives instruments

  $ 2,629     $ 4,899     $ 19,035     $ 8,636     $ 1,384  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Commodity contracts gains and losses recognized on derivatives designated as cash flow hedges
                                 
    Three Months Ended January 31,     Nine Months Ended January 31,  
    2012     2011     2012     2011  

(Losses) gains recognized in other comprehensive (loss) income (effective portion)

  $ (681   $ 4,788     $ (10,941   $ 17,822  

(Losses) gains reclassified from accumulated other comprehensive (loss) income to cost of products sold (effective portion)

    (1,546     5,673       4,146       11,965  
   

 

 

   

 

 

   

 

 

   

 

 

 

Change in accumulated other comprehensive (loss) income

  $ 865     $ (885   $ (15,087   $ 5,857  
   

 

 

   

 

 

   

 

 

   

 

 

 

Gains (losses) recognized in cost of products sold (ineffective portion)

  $ 15     $ 84     $ (498   $ 458  
   

 

 

   

 

 

   

 

 

   

 

 

 
Interest rate contract gains and losses recognized on the derivative designated as a cash flow hedge
                                 
    Three Months Ended January 31,     Nine Months Ended January 31,  
    2012         2011         2012         2011      

Losses recognized in other comprehensive (loss) income (effective portion)

  $ 0     $ 0     $ (6,192   $ 0  

Losses reclassified from accumulated other comprehensive (loss) income to interest expense (effective portion)

    (130     0       (148     0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Change in accumulated other comprehensive (loss) income

  $ 130     $ 0     $ (6,044   $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Losses recognized in interest expense (ineffective portion)

  $ 0     $ 0     $ (19   $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 
Gains and losses recognized in cost of products sold on derivatives not designated as qualified hedging instruments
                                 
    Three Months Ended     Nine Months Ended  
    January 31,     January 31,  
    2012     2011     2012     2011  

Gains (losses) on commodity contracts

  $ 1,008     $ (359   $ 16,812     $ 4,488  

Gains (losses) on foreign currency exchange contracts

    117       (863     1,772       (593
   

 

 

   

 

 

   

 

 

   

 

 

 

Gains (losses) recognized in cost of products sold (derivatives not designated as hedging instruments)

  $ 1,125     $ (1,222   $ 18,584     $ 3,895  
   

 

 

   

 

 

   

 

 

   

 

 

 
Outstanding derivative contracts
                 
    January 31, 2012     April 30, 2011  

Commodity contracts

  $ 462,604     $ 869,107  

Foreign currency exchange contracts

    74,255       73,158  

Interest rate contract

    0       376,000