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Segment Information (Tables)
6 Months Ended
Oct. 30, 2021
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The tables below present information about the Company’s reportable segments:

 

 

Three Months Ended October 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

197.1

 

 

$

82.7

 

 

$

18.0

 

 

$

0.8

 

 

$

(3.1

)

 

$

295.5

 

Transfers between segments

 

 

(1.1

)

 

 

(2.0

)

 

 

 

 

 

 

 

 

3.1

 

 

 

 

Net sales to unaffiliated customers

 

$

196.0

 

 

$

80.7

 

 

$

18.0

 

 

$

0.8

 

 

$

 

 

$

295.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

23.6

 

 

$

18.8

 

 

$

4.4

 

 

$

(1.8

)

 

$

(11.8

)

 

$

33.2

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.1

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.9

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

33.0

 

 

 

 

Three Months Ended October 31, 2020

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

216.9

 

 

$

69.5

 

 

$

16.4

 

 

$

0.8

 

 

$

(2.8

)

 

$

300.8

 

Transfers between segments

 

 

(1.2

)

 

 

(1.6

)

 

 

 

 

 

 

 

 

2.8

 

 

 

 

Net sales to unaffiliated customers

 

$

215.7

 

 

$

67.9

 

 

$

16.4

 

 

$

0.8

 

 

$

 

 

$

300.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

38.8

 

 

$

16.1

 

 

$

3.1

 

 

$

(1.5

)

 

$

(11.5

)

 

$

45.0

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.4

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.6

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

46.2

 

 

 

 

Six Months Ended October 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

394.1

 

 

$

163.9

 

 

$

30.7

 

 

$

1.6

 

 

$

(7.0

)

 

$

583.3

 

Transfers between segments

 

 

(2.3

)

 

 

(4.7

)

 

 

 

 

 

 

 

 

7.0

 

 

 

 

Net sales to unaffiliated customers

 

$

391.8

 

 

$

159.2

 

 

$

30.7

 

 

$

1.6

 

 

$

 

 

$

583.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

50.9

 

 

$

39.0

 

 

$

5.5

 

 

$

(3.0

)

 

$

(25.1

)

 

$

67.3

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.2

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.7

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

67.8

 

 

 

 

Six Months Ended October 31, 2020

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

343.3

 

 

$

121.9

 

 

$

29.8

 

 

$

1.2

 

 

$

(4.5

)

 

$

491.7

 

Transfers between segments

 

 

(2.5

)

 

 

(2.0

)

 

 

 

 

 

 

 

 

4.5

 

 

 

 

Net sales to unaffiliated customers

 

$

340.8

 

 

$

119.9

 

 

$

29.8

 

 

$

1.2

 

 

$

 

 

$

491.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

54.1

 

 

$

23.1

 

 

$

4.2

 

 

$

(3.1

)

 

$

(19.5

)

 

$

58.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.0

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6.0

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

61.8

 

 

 

(in millions)

 

October 30, 2021

 

 

May 1, 2021

 

Identifiable assets:

 

 

 

 

 

 

 

 

Automotive

 

$

749.7

 

 

$

739.5

 

Industrial

 

 

483.7

 

 

 

461.6

 

Interface

 

 

100.9

 

 

 

90.4

 

Medical

 

 

7.3

 

 

 

7.6

 

Eliminations/Corporate

 

 

89.1

 

 

 

167.9

 

Total identifiable assets

 

$

1,430.7

 

 

$

1,467.0