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Segment Information (Tables)
9 Months Ended
Jan. 29, 2022
Segment Reporting [Abstract]  
Schedule of Reportable Segments

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

 

 

Three Months Ended January 29, 2022

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

196.9

 

 

$

81.6

 

 

$

15.2

 

 

$

1.0

 

 

$

(3.1

)

 

$

291.6

 

Transfers between segments

 

 

(1.5

)

 

 

(1.6

)

 

 

 

 

 

 

 

 

3.1

 

 

 

 

Net sales to unaffiliated customers

 

$

195.4

 

 

$

80.0

 

 

$

15.2

 

 

$

1.0

 

 

$

 

 

$

291.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

24.5

 

 

$

17.7

 

 

$

2.1

 

 

$

(1.6

)

 

$

(12.9

)

 

$

29.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.7

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4.4

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

33.5

 

 

 

 

Three Months Ended January 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

211.7

 

 

$

68.3

 

 

$

17.6

 

 

$

0.7

 

 

$

(3.0

)

 

$

295.3

 

Transfers between segments

 

 

(1.2

)

 

 

(1.8

)

 

 

 

 

 

 

 

 

3.0

 

 

 

 

Net sales to unaffiliated customers

 

$

210.5

 

 

$

66.5

 

 

$

17.6

 

 

$

0.7

 

 

$

 

 

$

295.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

29.6

 

 

$

16.9

 

 

$

3.2

 

 

$

(1.0

)

 

$

(13.3

)

 

$

35.4

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.3

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.4

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

36.5

 

 

 

 

 

Nine Months Ended January 29, 2022

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

591.0

 

 

$

245.5

 

 

$

45.9

 

 

$

2.6

 

 

$

(10.1

)

 

$

874.9

 

Transfers between segments

 

 

(3.8

)

 

 

(6.3

)

 

 

 

 

 

 

 

 

10.1

 

 

 

 

Net sales to unaffiliated customers

 

$

587.2

 

 

$

239.2

 

 

$

45.9

 

 

$

2.6

 

 

$

 

 

$

874.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

75.4

 

 

$

56.7

 

 

$

7.6

 

 

$

(4.6

)

 

$

(38.0

)

 

$

97.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.9

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7.1

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

101.3

 

 

 

 

Nine Months Ended January 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations

/Corporate

 

 

Consolidated

 

Net sales

 

$

555.0

 

 

$

190.2

 

 

$

47.4

 

 

$

1.9

 

 

$

(7.5

)

 

$

787.0

 

Transfers between segments

 

 

(3.7

)

 

 

(3.8

)

 

 

 

 

 

 

 

 

7.5

 

 

 

 

Net sales to unaffiliated customers

 

$

551.3

 

 

$

186.4

 

 

$

47.4

 

 

$

1.9

 

 

$

 

 

$

787.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

83.7

 

 

$

40.0

 

 

$

7.4

 

 

$

(4.1

)

 

$

(32.8

)

 

$

94.2

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.3

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(8.4

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

98.3

 

 

(in millions)

 

January 29, 2022

 

 

May 1, 2021

 

Identifiable assets:

 

 

 

 

 

 

 

 

Automotive

 

$

702.2

 

 

$

739.5

 

Industrial

 

 

482.9

 

 

 

461.6

 

Interface

 

 

105.4

 

 

 

90.4

 

Medical

 

 

6.6

 

 

 

7.6

 

Eliminations/Corporate

 

 

114.2

 

 

 

167.9

 

Total identifiable assets

 

$

1,411.3

 

 

$

1,467.0