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Goodwill and Other Intangible Assets (Tables) | 6 Months Ended
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Oct. 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 April 30, 2022 |  | $ | 105.9 |  |  | $ | 127.1 |  |  | $ | 233.0 |
Foreign currency translation |  |  | (0.3 | ) |  |  | (1.7 | ) |  |  | (2.0 | )
Balance as of October 29, 2022 |  | $ | 105.6 |  |  | $ | 125.4 |  |  | $ | 231.0 |
Schedule of Other Intangible Assets, Net | Details of identifiable intangible assets are shown below:
|  | As of October 29, 2022 |
(in millions) |  | Gross |  |  | Accumulated amortization |  |  | Net |  |  | Weighted average useful life (years) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and agreements |  | $ | 230.4 |  |  | $ | (61.0 | ) |  | $ | 169.4 |  |  |  | 14.2 |
Trade names, patents and technology licenses |  |  | 57.5 |  |  |  | (32.0 | ) |  |  | 25.5 |  |  |  | 5.8 |
Total amortized intangible assets |  |  | 287.9 |  |  |  | (93.0 | ) |  |  | 194.9 |  |  |  |
Unamortized trade name |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |
Total other intangible assets |  | $ | 289.7 |  |  | $ | (93.0 | ) |  | $ | 196.7 |  |  |  |
|  | As of April 30, 2022 |
(in millions) |  | Gross |  |  | Accumulated amortization |  |  | Net |  |  | Weighted average useful life (years) |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and agreements |  | $ | 232.3 |  |  | $ | (55.1 | ) |  | $ | 177.2 |  |  |  | 14.7 |
Trade names, patents and technology licenses |  |  | 58.0 |  |  |  | (29.3 | ) |  |  | 28.7 |  |  |  | 6.2 |
Total amortized intangible assets |  |  | 290.3 |  |  |  | (84.4 | ) |  |  | 205.9 |  |  |  |
Unamortized trade name |  |  | 1.8 |  |  |  | — |  |  |  | 1.8 |  |  |  |
Total other intangible assets |  | $ | 292.1 |  |  | $ | (84.4 | ) |  | $ | 207.7 |  |  |  |
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 2023 |  | $ | 9.3 |
2024 |  |  | 18.4 |
2025 |  |  | 17.8 |
2026 |  |  | 16.9 |
2027 |  |  | 16.3 |
Thereafter |  |  | 116.2 |
Total |  | $ | 194.9 |

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