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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 30, 2021
May 01, 2021
Current assets:    
Cash and cash equivalents $ 177.2 $ 233.2
Accounts receivable, net 281.0 282.5
Inventories 149.0 124.2
Income taxes receivable 14.0 11.5
Prepaid expenses and other current assets 21.9 22.6
Total current assets 643.1 674.0
Long-term assets:    
Property, plant and equipment, net 206.6 204.0
Goodwill 235.0 235.6
Other intangible assets, net 219.1 229.4
Operating lease right-of-use assets, net 21.8 22.3
Deferred tax assets 39.2 41.2
Pre-production costs 30.1 25.0
Other long-term assets 35.8 35.5
Total long-term assets 787.6 793.0
Total assets 1,430.7 1,467.0
Current liabilities:    
Accounts payable 118.6 122.9
Accrued employee liabilities 26.7 33.5
Other accrued liabilities 23.6 25.0
Short-term operating lease liabilities 6.9 6.1
Short-term debt 14.7 14.9
Income tax payable 17.3 20.3
Total current liabilities 207.8 222.7
Long-term liabilities:    
Long-term debt 208.4 225.2
Long-term operating lease liabilities 16.0 17.5
Long-term income taxes payable 22.1 24.8
Other long-term liabilities 19.5 20.5
Deferred tax liabilities 37.4 38.3
Total long-term liabilities 303.4 326.3
Total liabilities 511.2 549.0
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,737,129 shares and 39,644,913 shares issued as of October 30, 2021 and May 1, 2021, respectively 19.4 19.8
Additional paid-in capital 163.8 157.6
Accumulated other comprehensive (loss) income (2.0) 6.1
Treasury stock, 1,346,624 shares as of October 30, 2021 and May 1, 2021 (11.5) (11.5)
Retained earnings 749.8 746.0
Total shareholders' equity 919.5 918.0
Total liabilities and shareholders' equity $ 1,430.7 $ 1,467.0