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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Jan. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of the Changes in the Carrying Amount of Goodwill by Segment | A summary of the changes in the carrying amount of goodwill, by segment, is shown below:
(Dollars in Millions) |  | Automotive |  |  | Industrial |  |  | Total |
Balance as of May 2, 2020 |  | $ | 106.2 |  |  | $ | 125.4 |  |  | $ | 231.6 |
Foreign Currency Translation |  |  | 0.6 |  |  |  | 2.6 |  |  |  | 3.2 |
Balance as of January 30, 2021 |  | $ | 106.8 |  |  | $ | 128.0 |  |  | $ | 234.8 |
Schedule of Other Intangible Assets, Net | Details of identifiable intangible assets are shown below:
|  | As of January 30, 2021 |
(Dollars in Millions) |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Wtd. Avg. Remaining Amortization Periods (Years) |
Definite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Relationships and Agreements |  | $ | 246.7 |  |  | $ | (51.2 | ) |  | $ | 195.5 |  |  |  | 15.8 |
Trade Names, Patents and Technology Licenses |  |  | 76.1 |  |  |  | (39.7 | ) |  |  | 36.4 |  |  |  | 7.2 |
Total Definite-lived Intangible Assets |  |  | 322.8 |  |  |  | (90.9 | ) |  |  | 231.9 |  |  |  |  |
Indefinite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade Names, Patents and Technology Licenses |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total Indefinite-lived Intangible Assets |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total Other Intangible Assets |  | $ | 324.6 |  |  | $ | (90.9 | ) |  | $ | 233.7 |  |  |  |  |
|  | As of May 2, 2020 |
(Dollars in Millions) |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Wtd. Avg. Remaining Amortization Periods (Years) |
Definite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer Relationships and Agreements |  | $ | 243.5 |  |  | $ | (40.8 | ) |  | $ | 202.7 |  |  |  | 16.5 |
Trade Names, Patents and Technology Licenses |  |  | 75.3 |  |  |  | (35.0 | ) |  |  | 40.3 |  |  |  | 7.8 |
Total Definite-lived Intangible Assets |  |  | 318.8 |  |  |  | (75.8 | ) |  |  | 243.0 |  |  |  |  |
Indefinite-lived Intangible Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade Names, Patents and Technology Licenses |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total Indefinite-lived Intangible Assets |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total Other Intangible Assets |  | $ | 320.6 |  |  | $ | (75.8 | ) |  | $ | 244.8 |  |  |  |  |
Schedule of Estimated Aggregate Amortization Expense of Intangible Assets | Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
(Dollars in Millions) |  |  |  |
Fiscal Year: |  |  |  |
Remainder of 2021 |  | $ | 4.8 |
2022 |  |  | 19.2 |
2023 |  |  | 19.1 |
2024 |  |  | 18.7 |
2025 |  |  | 18.2 |
Thereafter |  |  | 151.9 |
Total |  | $ | 231.9 |

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