XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 30, 2022
May 01, 2021
Current assets:    
Cash and cash equivalents $ 172.0 $ 233.2
Accounts receivable, net 273.3 282.5
Inventories 158.5 124.2
Income taxes receivable 8.3 11.5
Prepaid expenses and other current assets 16.9 22.6
Total current assets 629.0 674.0
Long-term assets:    
Property, plant and equipment, net 197.0 204.0
Goodwill 233.0 235.6
Other intangible assets, net 207.7 229.4
Operating lease right-of-use assets, net 20.0 22.3
Deferred tax assets 36.8 41.2
Pre-production costs 27.2 25.0
Other long-term assets 38.4 35.5
Total long-term assets 760.1 793.0
Total assets 1,389.1 1,467.0
Current liabilities:    
Accounts payable 108.5 122.9
Accrued employee liabilities 30.0 33.5
Other accrued liabilities 24.5 25.0
Short-term operating lease liabilities 6.0 6.1
Short-term debt 13.0 14.9
Income tax payable 6.6 20.3
Total current liabilities 188.6 222.7
Long-term liabilities:    
Long-term debt 197.5 225.2
Long-term operating lease liabilities 14.8 17.5
Long-term income taxes payable 22.1 24.8
Other long-term liabilities 14.0 20.5
Deferred tax liabilities 38.3 38.3
Total long-term liabilities 286.7 326.3
Total liabilities 475.3 549.0
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,276,968 shares and 39,644,913 shares issued as of April 30, 2022 and May 1, 2021, respectively 19.2 19.8
Additional paid-in capital 169.0 157.6
Accumulated other comprehensive (loss) income (26.8) 6.1
Treasury stock, 1,346,624 shares as of April 30, 2022 and May 1, 2021 (11.5) (11.5)
Retained earnings 763.9 746.0
Total shareholders' equity 913.8 918.0
Total liabilities and shareholders' equity $ 1,389.1 $ 1,467.0