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Shareholders' Equity (Tables) | 12 Months Ended
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Apr. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Stock Buyback Activity Under Share Buyback Program | The following table summarizes the Company’s stock buyback activity under this share buyback program:
|  | Fiscal Year Ended |
(in millions, except share and per share data) |  | April 30, 2022 |  |  | May 1, 2021 |
Shares purchased |  |  | 1,425,190 |  |  |  | 167,949 |
Average price per share |  | $ | 44.73 |  |  | $ | 44.66 |
Total cost |  | $ | 63.7 |  |  | $ | 7.5 |
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | A summary of changes in accumulated other comprehensive income (loss), net of tax is shown below:
(in millions) |  | Currency Translation Adjustments |  |  | Derivative Instruments |  |  | Total |
Balance as of April 27, 2019 |  | $ | (13.6 | ) |  | $ | - |  |  | $ | (13.6 | )
Other comprehensive loss |  |  | (12.9 | ) |  |  | (1.3 | ) |  |  | (14.2 | )
Tax benefit |  |  | 0.6 |  |  |  | 0.3 |  |  |  | 0.9 |
Net current period other comprehensive loss |  |  | (12.3 | ) |  |  | (1.0 | ) |  |  | (13.3 | )
Balance as of May 2, 2020 |  |  | (25.9 | ) |  |  | (1.0 | ) |  |  | (26.9 | )
Other comprehensive income (loss) |  |  | 38.6 |  |  |  | (5.7 | ) |  |  | 32.9 |
Tax (expense) benefit |  |  | (1.2 | ) |  |  | 1.3 |  |  |  | 0.1 |
Net current period other comprehensive income (loss) |  |  | 37.4 |  |  |  | (4.4 | ) |  |  | 33.0 |
Balance as of May 1, 2021 |  |  | 11.5 |  |  |  | (5.4 | ) |  |  | 6.1 |
Other comprehensive income (loss) |  |  | (42.4 | ) |  |  | 11.9 |  |  |  | (30.5 | )
Tax (expense) benefit |  |  | 0.4 |  |  |  | (2.8 | ) |  |  | (2.4 | )
Net current period other comprehensive income (loss) |  |  | (42.0 | ) |  |  | 9.1 |  |  |  | (32.9 | )
Balance as of April 30, 2022 |  | $ | (30.5 | ) |  | $ | 3.7 |  |  | $ | (26.8 | )
Summary of Stock-based Compensation Expense (Benefit) Related to Equity Awards | The table below summarizes the stock-based compensation expense (benefit) related to the equity awards:
|  | Fiscal Year Ended |
|  | April 30, 2022 |  |  | May 1, 2021 |  |  | May 2, 2020 |
(in millions) |  | (52 Weeks) |  |  | (52 Weeks) |  |  | (53 Weeks) |
RSAs |  | $ | — |  |  | $ | — |  |  | $ | (2.1 | )
RSUs |  |  | 10.3 |  |  |  | 5.9 |  |  |  | 1.5 |
Deferred director awards |  |  | 0.8 |  |  |  | — |  |  |  | — |
Director awards |  |  | 0.7 |  |  |  | 0.9 |  |  |  | 0.9 |
Total stock-based compensation expense |  | $ | 11.8 |  |  | $ | 6.8 |  |  | $ | 0.3 |
2014 Incentive Plan |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of RSA and RSU Activity | The following table summarizes the RSA activity under the 2014 Incentive Plan:
|  | Restricted Stock Awards |  |  | Weighted average grant date fair value |
Non-vested at April 27, 2019 |  |  | 1,031,408 |  |  | $ | 34.09 |
Awarded |  |  | — |  |  | $ | — |
Vested |  |  | (455,750 | ) |  | $ | 33.89 |
Forfeited |  |  | (575,658 | ) |  | $ | 34.25 |
Non-vested at May 2, 2020 |  |  | — |  |  | $ | — |
Awarded |  |  | 928,412 |  |  | $ | 28.50 |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | — |  |  | $ | — |
Non-vested at May 1, 2021 |  |  | 928,412 |  |  | $ | 28.50 |
Awarded |  |  | — |  |  | $ | — |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | — |  |  | $ | — |
Non-vested at April 30, 2022 |  |  | 928,412 |  |  | $ | 28.50 |
The following table summarizes RSU activity granted under the 2014 Plan:
|  | Restricted Stock Units |  |  | Weighted average grant date fair value |
Non-vested at April 27, 2019 |  |  | 187,844 |  |  | $ | 34.55 |
Awarded |  |  | — |  |  | $ | — |
Vested |  |  | (176,994 | ) |  | $ | 34.25 |
Forfeited |  |  | (7,750 | ) |  | $ | 38.75 |
Non-vested at May 2, 2020 |  |  | 3,100 |  |  | $ | 41.20 |
Awarded |  |  | 949,712 |  |  | $ | 28.49 |
Vested |  |  | (25,201 | ) |  | $ | 29.87 |
Forfeited |  |  | — |  |  | $ | — |
Non-vested at May 1, 2021 |  |  | 927,611 |  |  | $ | 28.50 |
Awarded |  |  | 46,300 |  |  | $ | 48.41 |
Vested |  |  | (37,520 | ) |  | $ | 36.55 |
Forfeited |  |  | — |  |  | $ | — |
Non-vested at April 30, 2022 |  |  | 936,391 |  |  | $ | 29.16 |
2010 Plan and 2007 Plan |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of combined stock option activity and related information for stock options granted | The following table summarizes combined stock option activity under the 2010 Plan and 2007 Plan:
|  | Shares |  |  | Weighted average exercise price |  |  | Weighted- average life (years) |  |  | Aggregate intrinsic value (in millions) |
Outstanding and exercisable at April 27, 2019 |  |  | 106,668 |  |  | $ | 35.76 |  |  |  | 5.0 |  |  | $ | 0.1 |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Outstanding and exercisable at May 2, 2020 |  |  | 106,668 |  |  | $ | 35.76 |  |  |  | 4.0 |  |  | $ | 0.1 |
Exercised |  |  | (24,500 | ) |  | $ | 31.61 |  |  |  |  |  |  |
Forfeited |  |  | (9,168 | ) |  | $ | 37.01 |  |  |  |  |  |  |
Outstanding and exercisable at May 1, 2021 |  |  | 73,000 |  |  | $ | 37.01 |  |  |  | 3.2 |  |  | $ | 0.6 |
Exercised |  |  | (13,000 | ) |  | $ | 37.01 |  |  |  |  |  |  |
Forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Outstanding and exercisable at April 30, 2022 |  |  | 60,000 |  |  | $ | 37.01 |  |  |  | 2.2 |  |  | $ | 0.5 |

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