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Condensed Consolidated Statement Cash Flows - USD ($)
$ in Millions
12 Months Ended
May. 02, 2015
May. 03, 2014
Apr. 27, 2013
OPERATING ACTIVITIES      
Net income $ 101.0 $ 96.2 $ 40.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on sale of fixed assets 0.0 0.2 0.0
Impairment of goodwill and intangible assets 11.1 1.7 4.3
Gain on sale of business (7.7) 0.0 0.0
Provision for depreciation 21.9 22.1 17.0
Amortization of intangibles 1.5 1.8 1.8
Stock-based compensation 4.3 3.3 3.3
Provision for bad debt 0.0 0.0 0.1
Deferred income taxes (0.3) (29.2) (7.2)
Changes in operating assets and liabilities:      
Accounts receivable (8.6) (49.7) (21.2)
Inventories (1.6) (11.0) (16.1)
Prepaid expenses and other assets (1.6) 0.2 9.1
Accounts payable and other expenses 2.9 36.8 1.7
NET CASH PROVIDED BY OPERATING ACTIVITIES 122.9 72.4 33.2
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (22.5) (29.0) (38.6)
Acquisition of businesses 0.0 0.0 (1.4)
Sale of business/investment 11.2 6.1 0.0
NET CASH USED IN INVESTING ACTIVITIES (11.3) (22.9) (40.0)
FINANCING ACTIVITIES      
Proceeds from exercise of stock options 4.0 5.0 0.6
Tax benefit from stock option exercises 4.3 0.4 0.0
Cash dividends (13.8) (11.3) (10.3)
Proceeds from borrowings 0.0 38.0 37.0
Repayment of borrowings (43.0) (33.5) (41.5)
NET CASH USED IN FINANCING ACTIVITIES (48.5) (1.4) (14.2)
Effect of foreign currency exchange rate changes on cash (11.4) 2.5 0.0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 51.7 50.6 (21.0)
Cash and cash equivalents at beginning of year 116.4 65.8 86.8
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 168.1 $ 116.4 $ 65.8