Lease Commitments

12 Months Ended

Apr. 28, 2018

We have lease commitments expiring at various dates, principally for manufacturing equipment and warehouse and office space.

Rental expense under non-cancelable operating leases amounted to $5.9 million, $4.9 million and $5.0 million in fiscal 2018, 2017 and 2016, respectively.

In fiscal 2018, we acquired capital leases of $2.7 million in the acquisition of Procoplast. Amortization of assets recorded under capital leases is recorded in depreciation expense.

Assets held under capitalized leases and included in property, plant and equipment are as follows:



	2018			2017
Manufacturing Equipment	$	1.6		$	—
Accumulated Amortization	(0.2		)	—
Net Capital Leases	$	1.4		$	—

At April 28, 2018, future minimum lease payments under non-cancelable capitalized and operating leases are as follows:



	Capitalized Leases			Operating Leases
Year:
2019	$	0.9		$	6.7
2020	0.8			5.3
2021	0.5			3.3
2022	0.5			2.3
2023	0.2			1.4
Later Years	—			1.3
Net Minimum Lease Payments	2.9			$	20.3
Less Amount Representing Interest	(0.1		)
Present Value of Net Minimum Lease Payments	2.8
Less Current Portion	(0.9		)
Long-term Obligations at April 28, 2018	$	1.9