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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Jan. 29, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Summary of the Changes in the Carrying Amount of Goodwill by Segment | A summary of the changes in the carrying amount of goodwill, by segment, is shown below:
(in millions) |  | Automotive |  |  | Industrial |  |  | Total |
Balance as of May 1, 2021 |  | $ | 106.7 |  |  | $ | 128.9 |  |  | $ | 235.6 |
Foreign currency translation |  |  | (0.5 | ) |  |  | (1.1 | ) |  |  | (1.6 | )
Balance as of January 29, 2022 |  | $ | 106.2 |  |  | $ | 127.8 |  |  | $ | 234.0 |
Schedule of Other Intangible Assets, Net | Details of identifiable intangible assets are shown below:
|  | As of January 29, 2022 |
(in millions) |  | Gross |  |  | Accumulated amortization |  |  | Net |  |  | Weighted average useful life (years) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and agreements |  | $ | 233.4 |  |  | $ | (52.1 | ) |  | $ | 181.3 |  |  |  | 14.9 |
Trade names, patents and technology licenses |  |  | 58.2 |  |  |  | (28.0 | ) |  |  | 30.2 |  |  |  | 6.4 |
Total amortized intangible assets |  |  | 291.6 |  |  |  | (80.1 | ) |  |  | 211.5 |  |  |  |  |
Unamortized trade name |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total other intangible assets |  | $ | 293.4 |  |  | $ | (80.1 | ) |  | $ | 213.3 |  |  |  |  |
|  | As of May 1, 2021 |
(in millions) |  | Gross |  |  | Accumulated amortization |  |  | Net |  |  | Weighted average useful life (years) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and agreements |  | $ | 235.3 |  |  | $ | (42.7 | ) |  | $ | 192.6 |  |  |  | 15.6 |
Trade names, patents and technology licenses |  |  | 58.7 |  |  |  | (23.7 | ) |  |  | 35.0 |  |  |  | 7.0 |
Total amortized intangible assets |  |  | 294.0 |  |  |  | (66.4 | ) |  |  | 227.6 |  |  |  |  |
Unamortized trade name |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |  |
Total other intangible assets |  | $ | 295.8 |  |  | $ | (66.4 | ) |  | $ | 229.4 |  |  |  |  |
Schedule of Estimated Aggregate Amortization Expense of Intangible Assets | Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:
(in millions) |  |  |  |
Fiscal Year: |  |  |  |
Remainder of 2022 |  | $ | 4.8 |
2023 |  |  | 19.0 |
2024 |  |  | 18.6 |
2025 |  |  | 18.0 |
2026 |  |  | 17.2 |
Thereafter |  |  | 133.9 |
Total |  | $ | 211.5 |

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