ACQUISITIONS (Tables)

6 Months Ended

Oct. 27, 2018

Schedule of Assets Acquired and Liabilities Assumed

The final allocation of the purchase price to the fair values of the assets acquired and liabilities assumed was:



(Dollars in Millions)
Cash	$	1.3
Accounts Receivable	7.4
Inventory	3.5
Intangible Assets	19.2
Goodwill	6.8
Pre-Production Costs	2.3
Property, Plant and Equipment	23.8
Accounts Payable	(4.9		)
Salaries, Wages and Payroll Taxes	(0.8		)
Other Accrued Expenses	(0.7		)
Income Taxes Payable	(0.6		)
Short-term Debt	(3.2		)
Other Liabilities	(2.1		)
Long-term Debt	(20.6		)
Deferred Income Tax Liability	(7.9		)
Total Purchase Price	$	23.5

The final allocation of the purchase price to the fair values of the assets acquired and liabilities assumed was:



(Dollars in Millions)
Cash	$	4.9
Accounts Receivable	18.3
Inventory	13.0
Prepaid Expenses and Other Current Assets	0.3
Income Taxes Receivable	1.2
Intangible Assets	40.1
Goodwill	50.4
Pre-production Costs	0.8
Property, Plant and Equipment	13.2
Accounts Payable	(7.9		)
Salaries, Wages and Payroll Taxes	(0.8		)
Other Accrued Expenses	(2.9		)
Short-term Debt	(0.8		)
Long-term Debt	(3.4		)
Deferred Income Tax Liability	(12.8		)
Total Purchase Price	$	113.6

The preliminary allocation of the purchase price to the fair values of the assets acquired and liabilities assumed were:



(Dollars in Millions)
Cash	$	6.9
Accounts Receivable	36.1
Inventory	31.0
Prepaid Expenses and Other Current Assets	1.2
Intangible Assets	220.9
Goodwill	175.2
Pre-Production Costs	1.5
Property, Plant and Equipment	18.0
Accounts Payable	(19.4		)
Salaries, Wages and Payroll Taxes	(4.4		)
Other Accrued Expenses	(7.2		)
Income Taxes Payable	(0.7		)
Deferred Income Tax Liability	(30.6		)
Total Purchase Price	$	428.5

Schedule of Intangible Assets Acquired

The following table presents details of the intangible assets acquired:



(Dollars in Millions)	Fair Value at Date of Acquisition		Amortization Period
Customer Relationships and Agreements - Significant Customer	$	12.3	17.0 years
Customer Relationships and Agreements - All Other Customers	2.8		11.5 years
Technology Licenses	2.1		8.5 years
Trade Names	2.0		8.5 years
Total	$	19.2

The following table presents details of the intangible assets acquired:



(Dollars in Millions)	Fair Value at Date of Acquisition		Amortization Period
Customer Relationships and Agreements - Significant Customer	$	56.0	19.5 years
Customer Relationships and Agreements - All Other Customers	125.0		19.5 years
Technology Licenses	17.7		6.3 years
Trade Names	22.2		8.5 years
Total	$	220.9

The following table presents details of the intangible assets acquired:



(Dollars in Millions)	Fair Value at Date of Acquisition		Amortization Period
Customer Relationships and Agreements - Automotive	$	22.6	11.0 years
Customer Relationships and Agreements - Commercial	9.6		13.0 years
Trade Names	6.2		7.5 years
Technology Licenses	1.7		5.5 years
Total	$	40.1

Unaudited Pro Forma Results

The unaudited pro forma information is presented for information purposes only and is not indicative of the results of operations that would have been achieved if the acquisitions had taken place at such times. The unaudited pro forma results presented below primarily include amortization charges for acquired intangible assets, depreciation adjustments for property, plant and equipment that has been revalued, interest expense adjustments due to an increased debt level, adjustments for certain acquisition-related charges and related tax effects.



	(Unaudited)
	Three Months Ended				Six Months Ended
(Dollars in Millions)	October 27, 2018		October 28, 2017		October 27, 2018		October 28, 2017
Revenues	$	285.5	$	284.3	$	556.2	$	543.4
Net Income	$	26.9	$	30.3	$	58.5	$	57.1