v3.25.4
Deferred Compensation and Retirement Plans (Tables)
9 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Components of Net Periodic Benefits Costs
The components of net periodic benefit costs are as follows:
Three Months Ended
January 31,
Nine Months Ended
January 31,
2026202520262025
(in thousands)
Service cost$12,800 $11,825 $37,263 $34,305 
Interest cost3,939 4,513 11,762 13,477 
Amortization of actuarial loss127 33 381 97 
Expected return on plan assets (1)
(278)(267)(834)(799)
Net periodic service credit amortization(102)(101)(304)(304)
Net periodic benefit costs (2)
$16,486 $16,003 $48,268 $46,776 
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(1)
The expected long-term rate of return on plan assets was 6.25% and 6.00% for January 31, 2026 and 2025, respectively.
(2)
The service cost, interest cost and the other components of net periodic benefit costs are included in compensation and benefits expense, interest expense, net and other income, net, respectively, on the condensed consolidated statements of income.