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Revenue (Tables)
12 Months Ended
May 02, 2020
Revenue From Contract With Customer [Abstract]  
Disaggregated Revenue Information

The following table represents a disaggregation of revenue from contracts with customers by segment and geographical location. Net sales are attributed to regions based on the location of production. Though revenue recognition patterns and contracts are generally consistent, the amount, timing and uncertainty of revenue and cash flows may vary in each reportable segment due to geographic and economic factors.

 

 

 

Fiscal Year Ended May 2, 2020 (53 Weeks)

 

(Dollars in Millions)

 

Auto

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Total

 

Geographic Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

330.9

 

 

$

141.1

 

 

$

57.9

 

 

$

1.6

 

 

$

531.5

 

Malta

 

 

113.2

 

 

 

30.4

 

 

 

0.3

 

 

 

 

 

 

143.9

 

China

 

 

74.4

 

 

 

42.4

 

 

 

0.1

 

 

 

 

 

 

116.9

 

Mexico

 

 

104.7

 

 

 

 

 

 

 

 

 

 

 

 

104.7

 

Other

 

 

88.9

 

 

 

37.5

 

 

 

0.5

 

 

 

 

 

 

126.9

 

Total Net Sales

 

$

712.1

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

1,023.9

 

Timing of Revenue Recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goods Transferred at a Point in Time

 

$

675.4

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

987.2

 

Goods Transferred Over Time

 

 

36.7

 

 

 

 

 

 

 

 

 

 

 

 

36.7

 

Total Net Sales

 

$

712.1

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

1,023.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended April 27, 2019 (52 Weeks)

 

(Dollars in Millions)

 

Auto

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Total

 

Geographic Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S.

 

$

373.0

 

 

$

110.3

 

 

$

56.1

 

 

$

1.1

 

 

$

540.5

 

Malta

 

 

116.4

 

 

 

31.8

 

 

 

0.3

 

 

 

 

 

 

148.5

 

China

 

 

78.2

 

 

 

35.3

 

 

 

0.2

 

 

 

 

 

 

113.7

 

Canada

 

 

87.8

 

 

 

13.8

 

 

 

 

 

 

 

 

 

101.6

 

Other

 

 

79.3

 

 

 

15.6

 

 

 

1.1

 

 

 

 

 

 

96.0

 

Total Net Sales

 

$

734.7

 

 

$

206.8

 

 

$

57.7

 

 

$

1.1

 

 

$

1,000.3

 

Timing of Revenue Recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goods Transferred at a Point in Time

 

$

704.4

 

 

$

206.8

 

 

$

57.7

 

 

$

1.1

 

 

$

970.0

 

Goods Transferred Over Time

 

 

30.3

 

 

 

 

 

 

 

 

 

 

 

 

30.3

 

Total Net Sales

 

$

734.7

 

 

$

206.8

 

 

$

57.7

 

 

$

1.1

 

 

$

1,000.3

 

Customer Concentration

Sales to GM and Ford in the Automotive segment, either directly or through their tiered suppliers, are shown below.

 

 

Fiscal Year Ended

 

 

 

May 2,

2020

 

 

April 27,

2019

 

 

April 28,

2018

 

Percentage of Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

GM

 

 

26.8

%

 

 

35.5

%

 

 

43.3

%

Ford

 

 

10.7

%

 

 

11.6

%

 

 

12.3

%