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Shareholders' Equity (Tables) | 3 Months Ended
--- | ---
Jul. 29, 2023
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:
|  | Three Months Ended |
(in millions, except share and per share data) |  | July 29, 2023 |  |  | July 30, 2022 |
Shares purchased |  |  | — |  |  |  | 317,635 |
Average price per share |  | $ | — |  |  | $ | 37.43 |
Total cost |  | $ | — |  |  | $ | 11.9 |
Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | A summary of changes in AOCI, net of tax is shown below:
|  | Three Months Ended July 29, 2023 |
(in millions) |  | Currency translation adjustments |  |  | Derivative instruments |  |  | Total |
Balance at beginning of period |  | $ | (19.8 | ) |  | $ | 0.8 |  |  | $ | (19.0 | )
Other comprehensive income (loss) |  |  | (2.7 | ) |  |  | (2.2 | ) |  |  | (4.9 | )
Tax (expense) benefit |  |  | 0.2 |  |  |  | 0.6 |  |  |  | 0.8 |
Net other comprehensive income (loss) |  |  | (2.5 | ) |  |  | (1.6 | ) |  |  | (4.1 | )
Balance at the end of period |  | $ | (22.3 | ) |  | $ | (0.8 | ) |  | $ | (23.1 | )
|  | Three Months Ended July 30, 2022 |
(in millions) |  | Currency translation adjustments |  |  | Derivative instruments |  |  | Total |
Balance at beginning of period |  | $ | (30.5 | ) |  | $ | 3.7 |  |  | $ | (26.8 | )
Other comprehensive income (loss) |  |  | (10.9 | ) |  |  | 2.0 |  |  |  | (8.9 | )
Tax (expense) benefit |  |  | — |  |  |  | (0.5 | ) |  |  | (0.5 | )
Net other comprehensive income (loss) |  |  | (10.9 | ) |  |  | 1.5 |  |  |  | (9.4 | )
Balance at the end of period |  | $ | (41.4 | ) |  | $ | 5.2 |  |  | $ | (36.2 | )
Summary of RSA and RSU Activity | The following table summarizes RSA activity:
|  | Restricted stock awards |  |  | Weighted average grant date fair value |
Non-vested at April 29, 2023 |  |  | 933,674 |  |  | $ | 28.73 |
Awarded |  |  | — |  |  | $ | — |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | — |  |  | $ | — |
Non-vested at July 29, 2023 |  |  | 933,674 |  |  | $ | 28.73 |
The following table summarizes RSU activity:
|  | Restricted stock units |  |  | Weighted average grant date fair value |
Non-vested at April 29, 2023 |  |  | 727,467 |  |  | $ | 30.60 |
Awarded |  |  | — |  |  | $ | — |
Vested |  |  | — |  |  | $ | — |
Forfeited |  |  | (6,852 | ) |  | $ | 41.87 |
Non-vested at July 29, 2023 |  |  | 720,615 |  |  | $ | 30.49 |
Summary of Awards Granted to Non-employee Directors | The following table summarizes awards granted to non-employee directors:
|  | Non-employee director awards |  |  | Deferred non-employee director awards |  |  | Total |  |  | Weighted average grant date fair value |
Outstanding at April 29, 2023 |  |  | — |  |  |  | 45,750 |  |  |  | 45,750 |  |  | $ | 40.56 |
Awarded |  |  | 16,804 |  |  |  | 29,729 |  |  |  | 46,533 |  |  | $ | 33.32 |
Issued |  |  | (16,804 | ) |  |  | — |  |  |  | (16,804 | ) |  | $ | 33.32 |
Outstanding at July 29, 2023 |  |  | — |  |  |  | 75,479 |  |  |  | 75,479 |  |  | $ | 37.31 |
Summary of combined stock option activity and related information for stock options granted | The following table summarizes stock option activity:
|  | Stock options |  |  | Weighted average exercise price |  |  | Weighted- average life (years) |  |  | Aggregate intrinsic value (in millions) |
Outstanding and exercisable at April 29, 2023 |  |  | 20,000 |  |  | $ | 37.01 |  |  |  | 1.2 |  |  | $ | 0.1 |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Forfeited |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Outstanding and exercisable at July 29, 2023 |  |  | 20,000 |  |  | $ | 37.01 |  |  |  | 0.9 |  |  | $ | 0.0 |
Summary of Stock-based Compensation Expense Related to Equity Awards | The table below summarizes the stock-based compensation expense related to the equity awards:
|  | Three Months Ended |
(in millions) |  | July 29, 2023 |  |  | July 30, 2022 |
RSUs |  | $ | 1.0 |  |  | $ | 2.4 |
Deferred non-employee director awards |  |  | 1.0 |  |  |  | 1.0 |
Non-employee director awards |  |  | 0.6 |  |  |  | 0.6 |
Total stock-based compensation expense |  | $ | 2.6 |  |  | $ | 4.0 |

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