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Income Taxes (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2016
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | Significant components of our deferred tax assets and liabilities were as follows:
| April 30, 2016 |  | May 2, 2015
Deferred tax liabilities: |  |  |  |  |
Accelerated tax depreciation | $ | 4.1 |  |  | $ | 2.0 |
Foreign tax withheld | 2.1 |  |  | 1.7 |
Deferred income | 0.8 |  |  | 0.9 |
| 7.0 |  |  | 4.6 |
Deferred tax assets: |  |  |  |  |
Deferred compensation and stock award amortization | 7.9 |  |  | 7.6 |
Inventory valuation differences | 2.3 |  |  | 2.1 |
Property valuation differences | 2.0 |  |  | 2.0 |
Accelerated book amortization | 8.9 |  |  | 10.1 |
Environmental reserves | 0.7 |  |  | 1.1 |
Bad debt reserves | 0.1 |  |  | 0.1 |
Vacation accruals | 1.1 |  |  | 1.0 |
Foreign investment tax credit | 14.4 |  |  | 16.1 |
Net operating loss carryovers | 4.4 |  |  | 5.2 |
Foreign tax credits | 0.9 |  |  | 3.7 |
Other accruals | 3.0 |  |  | 3.0 |
| 45.7 |  |  | 52.0 |
Less valuation allowance | 1.3 |  |  | 2.0 |
Total deferred tax assets | 44.4 |  |  | 50.0 |
Net deferred tax assets | $ | 37.4 |  |  | $ | 45.4 |
Balance sheet classification: |  |  |  |  |
Current asset | $ | 11.8 |  |  | $ | 15.0 |
Non-current asset | 27.7 |  |  | 32.1 |
Current liability | (2.1 | ) |  | (1.7 | )
| $ | 37.4 |  |  | $ | 45.4 |
Schedule of Components of Income before Income Taxes | Components of income before income taxes are as follows:
| Fiscal Year Ended
| April 30, 2016 |  | May 2, 2015 |  | May 3, 2014
Domestic source | $ | 25.3 |  |  | $ | 39.9 |  |  | $ | 21.0 |
Foreign source | 85.6 |  |  | 80.9 |  |  | 54.9 |
Income before income tax | $ | 110.9 |  |  | $ | 120.8 |  |  | $ | 75.9 |
Schedule of Income Taxes | Income taxes consisted of the following:
| Fiscal Year Ended
| April 30, 2016 |  | May 2, 2015 |  | May 3, 2014
Current |  |  |  |  |  |  |  |
Federal | $ | 2.8 |  |  | $ | 5.4 |  |  | $ | 0.2 |
Foreign | 14.7 |  |  | 13.8 |  |  | 8.0 |
State | 0.6 |  |  | 0.9 |  |  | 0.7 |
Subtotal | 18.1 |  |  | 20.1 |  |  | 8.9 |
Deferred |  |  |  |  |
Federal and state | 5.5 |  |  | 6.0 |  |  | (31.7 | )
Foreign | 2.7 |  |  | (6.3 | ) |  | 2.5 |
Subtotal | 8.2 |  |  | (0.3 | ) |  | (29.2 | )
Total income tax/(benefit) | $ | 26.3 |  |  | $ | 19.8 |  |  | $ | (20.3 | )
Schedule of Reconciliation of Consolidated Provisions for Income Taxes from Continuing Operations | A reconciliation of the consolidated provisions for income taxes from continuing operations to amounts determined by applying the prevailing statutory federal income tax rate to pre-tax earnings is as follows:
| Fiscal Year Ended
| April 30, 2016 |  |  |  | May 2, 2015 |  |  |  | May 3, 2014 |  |
Income tax at statutory rate | $ | 38.9 |  |  | 35.0 | % |  | $ | 42.2 |  |  | 35.0 | % |  | $ | 26.5 |  |  | 35.0 | %
Effect of: |  |  |  |  |  |  |  |  |  |  |  |  |
State income taxes, net of federal benefit | 0.4 |  |  | 0.4 | % |  | 0.8 |  |  | 0.6 | % |  | 0.4 |  |  | 0.5 | %
Foreign operations with lower statutory rates | (11.9 | ) |  | (10.7 | )% |  | (11.5 | ) |  | (9.5 | )% |  | (13.2 | ) |  | (17.4 | )%
Foreign losses with no tax benefit | — |  |  | — | % |  | 0.1 |  |  | 0.1 | % |  | 1.0 |  |  | 1.3 | %
Foreign investment tax credit | (2.1 | ) |  | (1.9 | )% |  | (8.3 | ) |  | (6.9 | )% |  | 1.6 |  |  | 2.1 | %
Change in tax contingency reserve | 0.1 |  |  | 0.1 | % |  | 0.2 |  |  | 0.2 | % |  | 0.2 |  |  | 0.3 | %
Change in permanent reinvestment assertion | — |  |  | — | % |  | 0.3 |  |  | 0.2 | % |  | (2.8 | ) |  | (3.7 | )%
Change in valuation allowance | 0.1 |  |  | 0.1 | % |  | (3.6 | ) |  | (3.0 | )% |  | (32.6 | ) |  | (43.0 | )%
Other, net | 0.8 |  |  | 0.8 | % |  | (0.4 | ) |  | (0.3 | )% |  | (1.4 | ) |  | (1.8 | )%
Income tax provision/(benefit) | $ | 26.3 |  |  | 23.7 | % |  | $ | 19.8 |  |  | 16.4 | % |  | $ | (20.3 | ) |  | (26.7 | )%
Schedule of Reconciliation of Unrecognized Tax Benefits | The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
Balance at May 2, 2015 | $ | 0.9 |
Increases for positions related to the prior years | 0.1 |
Increases for positions related to the current year | 0.2 |
Decreases for positions related to the prior years | — |
Lapsing of statutes of limitations | — |
Balance at April 30, 2016 | $ | 1.2 |

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