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GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Jan. 26, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Roll-forward

The following table shows the roll-forward of goodwill in the financial statements by segment as of January 26, 2019.

		Automotive				Industrial				Total
Balance as of April 28, 2018		$	57.5			$	1.7			$	59.2
Goodwill Acquired		50.6				127.5				178.1
Foreign Currency Translation		(0.4		)		(0.1		)		(0.5		)
Balance as of January 26, 2019		$	107.7			$	129.1			$	236.8

Schedule of Intangible Assets

The following tables present details of the Company’s intangible assets.

		As of January 26, 2019
		Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Customer Relationships and Agreements		$	242.1			$	24.4			$	217.7			17.7
Trade Names, Patents and Technology Licenses		77.5				27.6				49.9				6.7
Total		$	319.6			$	52.0			$	267.6

		As of April 28, 2018
		Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Customer Relationships and Agreements		$	64.4			$	18.1			$	46.3			12.3
Trade Names, Patents and Technology Licenses		37.7				23.0				14.7				5.3
Total		$	102.1			$	41.1			$	61.0

Schedule of Estimated Aggregate Amortization Expense of Intangible Assets

The estimated aggregate amortization expense for the current fiscal year and each of the four succeeding fiscal years is as follows:

2019		$	16.5
2020		$	20.1
2021		$	20.0
2022		$	20.0
2023		$	20.0

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Publisher FASB
-Name Accounting Standards Codification
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