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Summary of Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Apr. 27, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of unaudited quarterly results of operations
The following is a summary of unaudited quarterly results of operations for fiscal 2019 and fiscal 2018:
 
 
Fiscal 2019
 
 
Quarter Ended
(Dollars in Millions, except per share data)
 
July 28, 2018
 
October 27, 2018
 
January 26, 2019
 
April 27, 2019
Net Sales
 
$
223.4

 
$
264.0

 
$
246.9

 
$
266.0

Gross Profit
 
$
60.1

 
$
70.8

 
$
64.3

 
$
70.6

Net Income
 
$
23.7

 
$
14.6

 
$
30.7

 
$
22.6

Net Income per Basic Common Share
 
$
0.63

 
$
0.39

 
$
0.82

 
$
0.61

Net Income per Diluted Common Share
 
$
0.63

 
$
0.39

 
$
0.82

 
$
0.60


 
 
Fiscal 2018
 
 
Quarter Ended
(Dollars in Millions, except per share data)
 
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



Significant Items for Fiscal 2019
 
The table below contains items included in fiscal 2019:
 
 
Fiscal 2019
 
 
Quarter Ended
(Dollars in Millions)
 
July 28, 2018
 
October 27, 2018
 
January 26, 2019
 
April 27, 2019
Legal Fees Related to the Hetronic lawsuit
 
$
0.9

 
$
1.0

 
$
0.8

 
$
0.8

Acquisition-related Expenses
 
$
0.6

 
$
10.9

 
$
3.8

 
$
0.1

Grant Income from Foreign Government for Maintaining Certain Employment Levels
 
$
(1.1
)
 
$
(1.4
)
 
$
(1.9
)
 
$
(1.4
)
Compensation Expense Reversal Related to the Re-estimation of RSA Performance Level
 
$
—

 
$
7.4

 
$
—

 
$
—

Discrete Estimated Net Tax Benefit with Respect to U.S. Tax Reform
 
$
—

 
$
—

 
$
(4.8
)
 
$
—

Foreign Investment Tax Credit
 
$
(0.4
)
 
$
(1.1
)
 
$
(0.7
)
 
$
0.2

Expense for Initiatives to Reduce Overall Costs and Improve Operational Profitability
 
$
0.8

 
$
2.5

 
$
2.6

 
$
1.0

Net Tariff Expense
 
$
—

 
$
—

 
$
2.0

 
$
0.3



Significant Items for Fiscal 2018
 
 
 
Fiscal 2018
 
 
Quarter Ended
(Dollars in Millions)
 
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 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
)