XML 51 R37.htm IDEA: XBRL DOCUMENT v3.22.2
Segment Information and Geographic Area Information (Tables)
 12 Months Ended
Apr. 30, 2022
Segment Reporting [Abstract]  
Schedule of Reportable Segments

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

 

 

Fiscal Year Ended April 30, 2022 (52 Weeks)

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations/
Corporate

 

 

Consolidated

 

Net sales

 

$

786.3

 

 

$

325.7

 

 

$

59.8

 

 

$

4.2

 

 

$

(12.4

)

 

$

1,163.6

 

Transfers between segments

 

 

(4.8

)

 

 

(7.6

)

 

 

—

 

 

 

—

 

 

 

12.4

 

 

 

—

 

Net sales to unaffiliated customers

 

$

781.5

 

 

$

318.1

 

 

$

59.8

 

 

$

4.2

 

 

$

—

 

 

$

1,163.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

92.6

 

 

$

67.1

 

 

$

9.9

 

 

$

(5.5

)

 

$

(52.4

)

 

$

111.7

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.5

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(10.3

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

118.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of property, plant and equipment

 

$

27.4

 

 

$

2.4

 

 

$

—

 

 

$

0.2

 

 

$

8.0

 

 

$

38.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

34.4

 

 

$

14.9

 

 

$

0.2

 

 

$

1.0

 

 

$

2.1

 

 

$

52.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets

 

$

689.8

 

 

$

455.3

 

 

$

108.1

 

 

$

7.9

 

 

$

128.0

 

 

$

1,389.1

 

 

 

 

Fiscal Year Ended May 1, 2021 (52 Weeks)

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations/
Corporate

 

 

Consolidated

 

Net sales

 

$

761.8

 

 

$

273.2

 

 

$

61.6

 

 

$

2.8

 

 

$

(11.4

)

 

$

1,088.0

 

Transfers between segments

 

 

(6.1

)

 

 

(5.3

)

 

 

—

 

 

 

—

 

 

 

11.4

 

 

 

—

 

Net sales to unaffiliated customers

 

$

755.7

 

 

$

267.9

 

 

$

61.6

 

 

$

2.8

 

 

$

—

 

 

$

1,088.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

107.6

 

 

$

64.3

 

 

$

8.9

 

 

$

(4.6

)

 

$

(48.3

)

 

$

127.9

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5.2

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(12.2

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

134.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of property, plant and equipment

 

$

22.5

 

 

$

2.1

 

 

$

—

 

 

$

—

 

 

$

0.3

 

 

$

24.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

34.3

 

 

$

14.3

 

 

$

0.3

 

 

$

0.9

 

 

$

1.7

 

 

$

51.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets

 

$

739.5

 

 

$

461.6

 

 

$

90.4

 

 

$

7.6

 

 

$

167.9

 

 

$

1,467.0

 

 

 

 

Fiscal Year Ended May 2, 2020 (53 Weeks)

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations/
Corporate

 

 

Consolidated

 

Net sales

 

$

716.8

 

 

$

253.9

 

 

$

58.9

 

 

$

1.6

 

 

$

(7.3

)

 

$

1,023.9

 

Transfers between segments

 

 

(4.7

)

 

 

(2.5

)

 

 

(0.1

)

 

 

—

 

 

 

7.3

 

 

 

—

 

Net sales to unaffiliated customers

 

$

712.1

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

—

 

 

$

1,023.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

124.4

 

 

$

59.4

 

 

$

5.6

 

 

$

(6.0

)

 

$

(36.3

)

 

$

147.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10.1

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(11.7

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

148.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchases of property, plant and equipment

 

$

37.5

 

 

$

5.7

 

 

$

0.3

 

 

$

0.7

 

 

$

0.9

 

 

$

45.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

31.0

 

 

$

13.7

 

 

$

0.9

 

 

$

1.1

 

 

$

1.6

 

 

$

48.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Identifiable assets

 

$

670.9

 

 

$

421.8

 

 

$

71.0

 

 

$

8.8

 

 

$

198.1

 

 

$

1,370.6

 
Schedule of Geographic Financial Information The following tables set forth net sales and tangible long-lived assets by geographic area where the Company operates. Tangible long-lived assets include property, plant and equipment and operating lease assets.

 

 

Fiscal Year Ended

 

 

 

April 30, 2022

 

 

May 1, 2021

 

 

May 2, 2020

 

(in millions)

 

(52 Weeks)

 

 

(52 Weeks)

 

 

(53 Weeks)

 

Net sales:

 

 

 

 

 

 

 

 

 

U.S.

 

$

547.4

 

 

$

510.8

 

 

$

531.5

 

China

 

 

224.3

 

 

 

193.7

 

 

 

116.9

 

Malta

 

 

178.4

 

 

 

173.5

 

 

 

143.9

 

Mexico

 

 

76.2

 

 

 

87.4

 

 

 

104.7

 

Egypt

 

 

67.2

 

 

 

58.4

 

 

 

60.0

 

Other

 

 

70.1

 

 

 

64.2

 

 

 

66.9

 

Total net sales

 

$

1,163.6

 

 

$

1,088.0

 

 

$

1,023.9

 

 

 

 

 

 

 

 

 

 

 

(in millions)

 

April 30, 2022

 

 

May 1, 2021

 

 

 

 

Tangible long-lived assets, net:

 

 

 

 

 

 

 

 

 

U.S.

 

$

74.2

 

 

$

75.0

 

 

 

 

Malta

 

 

38.6

 

 

 

43.0

 

 

 

 

China

 

 

30.1

 

 

 

27.2

 

 

 

 

Egypt

 

 

22.8

 

 

 

20.1

 

 

 

 

Mexico

 

 

21.0

 

 

 

24.6

 

 

 

 

Belgium

 

 

20.2

 

 

 

24.8

 

 

 

 

Other

 

 

10.1

 

 

 

11.6

 

 

 

 

Total tangible long-lived assets, net

 

$

217.0

 

 

$

226.3