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Shareholders' Equity (Tables)
 12 Months Ended
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