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v3.20.2

Segment Information and Geographic Area Information (Tables) | 12 Months Ended
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May 02, 2020
Segment Reporting [Abstract] |
Schedule of Reportable Segments | The tables below present information about the Company’s reportable segments.
|  | Fiscal Year Ended May 2, 2020 (53 Weeks) |
(Dollars in Millions) |  | Automotive |  |  | Industrial |  |  | Interface |  |  | Medical |  |  | Eliminations/ Corporate |  |  | Consolidated |
Net Sales |  | $ | 716.8 |  |  | $ | 253.9 |  |  | $ | 58.9 |  |  | $ | 1.6 |  |  | $ | (7.3 | ) |  | $ | 1,023.9 |
Transfers between Segments |  |  | (4.7 | ) |  |  | (2.5 | ) |  |  | (0.1 | ) |  |  | — |  |  |  | 7.3 |  |  |  | — |
Net Sales to Unaffiliated Customers |  | $ | 712.1 |  |  | $ | 251.4 |  |  | $ | 58.8 |  |  | $ | 1.6 |  |  | $ | — |  |  | $ | 1,023.9 |
Income/(Loss) from Operations |  | $ | 124.4 |  |  | $ | 59.4 |  |  | $ | 5.6 |  |  | $ | (6.0 | ) |  | $ | (36.3 | ) |  | $ | 147.1 |
Interest Expense, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10.1 |
Other Income, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (11.7 | )
Income before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 148.7 |
Purchases of Property, Plant and Equipment |  | $ | 37.5 |  |  | $ | 5.7 |  |  | $ | 0.3 |  |  | $ | 0.7 |  |  | $ | 0.9 |  |  | $ | 45.1 |
Depreciation and Amortization |  | $ | 31.0 |  |  | $ | 13.7 |  |  | $ | 0.9 |  |  | $ | 1.1 |  |  | $ | 1.6 |  |  | $ | 48.3 |
Identifiable Assets |  | $ | 670.9 |  |  | $ | 421.8 |  |  | $ | 71.0 |  |  | $ | 8.8 |  |  | $ | 198.1 |  |  | $ | 1,370.6 |
|  | Fiscal Year Ended April 27, 2019 (52 Weeks) |
(Dollars in Millions) |  | Automotive |  |  | Industrial |  |  | Interface |  |  | Medical |  |  | Eliminations/ Corporate |  |  | Consolidated |
Net Sales |  | $ | 741.6 |  |  | $ | 210.0 |  |  | $ | 57.9 |  |  | $ | 1.1 |  |  | $ | (10.3 | ) |  | $ | 1,000.3 |
Transfers between Segments |  |  | (6.9 | ) |  |  | (3.2 | ) |  |  | (0.2 | ) |  |  | — |  |  |  | 10.3 |  |  |  | — |
Net Sales to Unaffiliated Customers |  | $ | 734.7 |  |  | $ | 206.8 |  |  | $ | 57.7 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1,000.3 |
Income/(Loss) from Operations |  | $ | 126.3 |  |  | $ | 37.4 |  |  | $ | (0.3 | ) |  | $ | (8.6 | ) |  | $ | (48.0 | ) |  | $ | 106.8 |
Interest Expense, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8.3 |
Other Income, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5.1 | )
Income before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 103.6 |
Purchases of Property, Plant and Equipment |  | $ | 38.9 |  |  | $ | 2.6 |  |  | $ | 0.5 |  |  | $ | 1.9 |  |  | $ | 5.9 |  |  | $ | 49.8 |
Depreciation and Amortization |  | $ | 25.2 |  |  | $ | 11.7 |  |  | $ | 3.2 |  |  | $ | 1.0 |  |  | $ | 2.2 |  |  | $ | 43.3 |
Identifiable Assets |  | $ | 677.4 |  |  | $ | 404.3 |  |  | $ | 88.6 |  |  | $ | 9.4 |  |  | $ | 52.0 |  |  | $ | 1,231.7 |
|  | Fiscal Year Ended April 28, 2018 (52 Weeks) |
(Dollars in Millions) |  | Automotive |  |  | Industrial |  |  | Interface |  |  | Medical |  |  | Eliminations/ Corporate |  |  | Consolidated |
Net Sales |  | $ | 738.4 |  |  | $ | 105.6 |  |  | $ | 73.9 |  |  | $ | 0.3 |  |  | $ | (9.9 | ) |  | $ | 908.3 |
Transfers between Segments |  |  | (9.7 | ) |  |  | 0.2 |  |  |  | (0.7 | ) |  |  | — |  |  |  | 10.2 |  |  |  | — |
Net Sales to Unaffiliated Customers |  | $ | 728.7 |  |  | $ | 105.8 |  |  | $ | 73.2 |  |  | $ | 0.3 |  |  | $ | 0.3 |  |  | $ | 908.3 |
Income/(Loss) from Operations |  | $ | 156.3 |  |  | $ | 13.0 |  |  | $ | 6.0 |  |  | $ | (11.4 | ) |  | $ | (45.6 | ) |  | $ | 118.3 |
Interest Expense, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0.9 |
Other Income, Net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6.4 | )
Income before Income Taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 123.8 |
Purchases of Property, Plant and Equipment |  | $ | 31.7 |  |  | $ | 1.5 |  |  | $ | 0.4 |  |  | $ | 3.8 |  |  | $ | 10.3 |  |  | $ | 47.7 |
Depreciation and Amortization |  | $ | 21.3 |  |  | $ | 2.0 |  |  | $ | 3.1 |  |  | $ | 0.8 |  |  | $ | 0.9 |  |  | $ | 28.1 |
Identifiable Assets |  | $ | 632.7 |  |  | $ | 93.1 |  |  | $ | 206.8 |  |  | $ | 8.1 |  |  | $ | (24.8 | ) |  | $ | 915.9 |
Schedule of Geographic Financial Information | The following tables sets forth net sales and tangible long-lived assets for each geographic area where the Company operates. Tangible long-lived assets include property, plant and equipment and operating lease assets.
|  | Fiscal Year Ended |
|  | May 2, 2020 |  |  | April 27, 2019 |  |  | April 28, 2018 |
(Dollars in Millions) |  | (53 Weeks) |  |  | (52 Weeks) |  |  | (52 Weeks) |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 531.5 |  |  | $ | 540.5 |  |  | $ | 487.5 |
Malta |  |  | 143.9 |  |  |  | 148.5 |  |  |  | 184.0 |
China |  |  | 116.9 |  |  |  | 113.7 |  |  |  | 117.3 |
Mexico |  |  | 104.7 |  |  |  | — |  |  |  | — |
Canada |  |  | 19.5 |  |  |  | 101.6 |  |  |  | 54.4 |
Other |  |  | 107.4 |  |  |  | 96.0 |  |  |  | 65.1 |
Total Net Sales |  | $ | 1,023.9 |  |  | $ | 1,000.3 |  |  | $ | 908.3 |
|  | May 2, 2020 |  |  | April 27, 2019 |  |  |  |  |
Tangible Long-lived Assets, Net: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 89.8 |  |  | $ | 83.9 |  |  |  |  |
Malta |  |  | 40.1 |  |  |  | 33.0 |  |  |  |  |
China |  |  | 24.1 |  |  |  | 18.6 |  |  |  |  |
Mexico |  |  | 24.0 |  |  |  | 9.2 |  |  |  |  |
Belgium |  |  | 21.4 |  |  |  | 22.1 |  |  |  |  |
Other |  |  | 26.0 |  |  |  | 25.1 |  |  |  |  |
Total Tangible Long-lived Assets, Net |  | $ | 225.4 |  |  | $ | 191.9 |  |  |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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