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Summary of Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Apr. 28, 2018
Quarterly Financial Information Disclosure [Abstract] |
Summary of Unaudited Quarterly Results of Operations | The following is a summary of unaudited quarterly results of operations for the years ended April 28, 2018 and April 29, 2017:
|  | Fiscal 2018
|  | Quarter Ended
|  | July 29, 2017 |  | October 28, 2017 |  | January 27, 2018 |  | April 28, 2018
Net Sales |  | $ | 201.2 |  |  | $ | 230.1 |  |  | $ | 228.0 |  |  | $ | 249.0 |
Gross Profit |  | $ | 55.6 |  |  | $ | 62.0 |  |  | $ | 60.1 |  |  | $ | 61.9 |
Net Income (Loss) |  | $ | 20.5 |  |  | $ | 24.2 |  |  | $ | (24.3 | ) |  | $ | 36.8 |
Net Income (Loss) per Basic Common Share |  | $ | 0.55 |  |  | $ | 0.65 |  |  | $ | (0.65 | ) |  | $ | 0.99 |
Net Income (Loss) per Diluted Common Share |  | $ | 0.55 |  |  | $ | 0.64 |  |  | $ | (0.65 | ) |  | $ | 0.98 |
|  | Fiscal 2017
|  | Quarter Ended
|  | July 30, 2016 |  | October 29, 2016 |  | January 28, 2017 |  | April 29, 2017
Net Sales |  | $ | 191.9 |  |  | $ | 209.3 |  |  | $ | 195.6 |  |  | $ | 219.7 |
Gross Profit |  | $ | 54.1 |  |  | $ | 55.6 |  |  | $ | 53.4 |  |  | $ | 55.2 |
Net Income |  | $ | 21.2 |  |  | $ | 24.9 |  |  | $ | 23.7 |  |  | $ | 23.1 |
Net Income per Basic Common Share |  | $ | 0.57 |  |  | $ | 0.66 |  |  | $ | 0.64 |  |  | $ | 0.62 |
Net Income per Diluted Common Share |  | $ | 0.57 |  |  | $ | 0.66 |  |  | $ | 0.63 |  |  | $ | 0.62 |
Significant Items for Fiscal 2018 The table below contains items included in fiscal 2018:
|  | Fiscal 2018
|  | Quarter Ended
|  | July 29, 2017 |  | October 28, 2017 |  | January 27, 2018 |  | April 28, 2018
Legal Fees Related to the Hetronic lawsuit |  | $ | 2.9 |  |  | $ | 1.6 |  |  | $ | 1.5 |  |  | $ | 2.1 |
Acquisition-related Expenses |  | $ | 2.6 |  |  | $ | 4.2 |  |  | $ | — |  |  | $ | — |
Grant Income from Foreign Government for Maintaining Certain Employment Levels |  | $ | — |  |  | $ | (1.5 | ) |  | $ | (3.6 | ) |  | $ | (2.2 | )
Compensation Expense Reversal Related to the Re-estimation of RSA Performance Level |  | $ | — |  |  | $ | — |  |  | $ | (6.0 | ) |  | $ | — |
Discrete Estimated Net Income Tax Charge with Respect to U.S. Tax Reform |  | $ | — |  |  | $ | — |  |  | $ | 56.8 |  |  | $ | (3.1 | )
Foreign Investment Tax Credit |  | $ | (0.4 | ) |  | $ | (0.4 | ) |  | $ | (0.3 | ) |  | $ | (8.7 | )
Significant Items for Fiscal 2017
|  | Fiscal 2017
|  | Quarter Ended
|  | July 30, 2016 |  | October 29, 2016 |  | January 28, 2017 |  | April 29, 2017
Legal Fees Related to the Hetronic lawsuit |  | $ | 4.3 |  |  | $ | 2.3 |  |  | $ | 1.6 |  |  | $ | 2.8 |
Shut-down Costs for Two Reporting Units |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2.2 |
Acquisition Expenses * |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1.5 |
Grant Income from Foreign Government for Maintaining Certain Employment Levels |  | $ | — |  |  | $ | (1.5 | ) |  | $ | (1.5 | ) |  | $ | (1.5 | )
* Related to a Potential Acquisition We Elected Not to Undertake. |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=84173487&loc=d3e1280-108306 + Details
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