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Consolidated Statement Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 27, 2019
Apr. 28, 2018
Apr. 29, 2017
OPERATING ACTIVITIES:      
Net Income $ 91.6 $ 57.2 $ 92.9
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Change in Cash Surrender Value of Life Insurance (0.6) (0.8) (0.9)
Amortization of Debt Issuance Costs 0.5 0.0 0.0
Gain on Sale of Fixed Assets (0.4) 0.0 0.0
Gain on Sale of Licensing Agreement 0.0 (1.6) 0.0
Depreciation 27.2 22.5 22.0
Amortization of Intangibles 16.1 5.6 2.3
Stock-based Compensation Expense 14.0 4.0 12.4
Provision for Bad Debt 0.2 0.0 0.2
Change in Deferred Income Taxes (4.4) (12.7) (3.9)
Changes in Operating Assets and Liabilities, net of Acquisitions:      
Accounts Receivable 1.5 2.8 5.6
Inventories (3.9) (7.2) 7.4
Prepaid Expenses and Other Assets (16.7) 8.2 (3.9)
Accounts Payable and Other Accrued Expenses (23.1) 39.8 11.1
NET CASH PROVIDED BY OPERATING ACTIVITIES 102.0 117.8 145.2
INVESTING ACTIVITIES:      
Purchases of Property, Plant and Equipment (49.8) (47.7) (22.4)
Acquisition of Businesses, Net of Cash Received (422.1) (130.9) 0.0
Acquisition of Technology Licenses 0.0 (0.7) 0.0
Sale of Business/Investment/Property 1.1 0.3 0.7
NET CASH USED IN INVESTING ACTIVITIES (470.8) (179.0) (21.7)
FINANCING ACTIVITIES:      
Taxes Paid Related to Net Share Settlement of Equity Awards (1.7) (0.3) (1.1)
Debt Issuance Costs (3.1) 0.0 0.0
Purchase of Common Stock 0.0 0.0 (9.8)
Proceeds from Exercise of Stock Options 0.0 0.3 2.7
Tax Benefit from Stock Option Exercises 0.0 0.0 4.9
Cash Dividends (16.3) (14.7) (13.7)
Proceeds from Borrowings 359.0 81.4 0.0
Repayment of Borrowings (120.5) (79.4) (30.0)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 217.4 (12.7) (47.0)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (11.5) 26.0 (10.3)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (162.9) (47.9) 66.2
Cash and Cash Equivalents at Beginning of Year 246.1 294.0 227.8
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 83.2 $ 246.1 $ 294.0