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Summary of Quarterly Results of Operations (Unaudited)
12 Months Ended
Apr. 28, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations (Unaudited)
Summary of Quarterly Results of Operations (Unaudited)
 
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.