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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 29, 2023
Apr. 29, 2023
Current assets:    
Cash and cash equivalents $ 147.9 $ 157.0
Accounts receivable, net 300.8 314.3
Inventories 175.6 159.7
Income tax receivable 13.4 12.9
Prepaid expenses and other current assets 19.8 20.5
Total current assets 657.5 664.4
Long-term assets:    
Property, plant and equipment, net 225.2 220.3
Goodwill 302.5 301.9
Other intangible assets, net 251.3 256.7
Operating lease right-of-use assets, net 29.5 28.4
Deferred tax assets 33.7 33.6
Pre-production costs 38.9 36.1
Other long-term assets 35.5 37.7
Total long-term assets 916.6 914.7
Total assets 1,574.1 1,579.1
Current liabilities:    
Accounts payable 131.9 138.7
Accrued employee liabilities 26.7 36.7
Other accrued liabilities 33.7 34.5
Short-term operating lease liabilities 6.9 6.8
Short-term debt 3.2 3.2
Income tax payable 6.0 8.1
Total current liabilities 208.4 228.0
Long-term liabilities:    
Long-term debt 335.8 303.6
Long-term operating lease liabilities 22.4 21.8
Long-term income tax payable 16.7 16.7
Other long-term liabilities 17.1 14.3
Deferred tax liabilities 41.4 41.8
Total long-term liabilities 433.4 398.2
Total liabilities 641.8 626.2
Redeemable noncontrolling interest 0.9 11.1
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,356,156 shares and 37,167,375 shares issued as of July 29, 2023 and April 29, 2023, respectively 18.7 18.6
Additional paid-in capital 182.5 181.0
Accumulated other comprehensive loss (23.1) (19.0)
Treasury stock, 1,346,624 shares as of July 29, 2023 and April 29, 2023 (11.5) (11.5)
Retained earnings 764.8 772.7
Total shareholders' equity 931.4 941.8
Total liabilities and shareholders' equity $ 1,574.1 $ 1,579.1