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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 27, 2024
Apr. 29, 2023
Current assets:    
Cash and cash equivalents $ 122.9 $ 157.0
Accounts receivable, net 265.3 314.3
Inventories 204.0 159.7
Income tax receivable 18.6 12.9
Prepaid expenses and other current assets 19.0 20.5
Total current assets 629.8 664.4
Long-term assets:    
Property, plant and equipment, net 232.5 220.3
Goodwill 220.4 301.9
Other intangible assets, net 264.3 256.7
Operating lease right-of-use assets, net 25.9 28.4
Deferred tax assets 36.1 33.6
Pre-production costs 47.8 36.1
Other long-term assets 34.7 37.7
Total long-term assets 861.7 914.7
Total assets 1,491.5 1,579.1
Current liabilities:    
Accounts payable 146.0 138.7
Accrued employee liabilities 31.6 36.7
Other accrued liabilities 38.2 34.5
Short-term operating lease liabilities 6.3 6.8
Short-term debt 0.2 3.2
Income tax payable 7.6 8.1
Total current liabilities 229.9 228.0
Long-term liabilities:    
Long-term debt 331.1 303.6
Long-term operating lease liabilities 19.9 21.8
Long-term income tax payable 9.3 16.7
Other long-term liabilities 19.9 14.3
Deferred tax liabilities 46.4 41.8
Total long-term liabilities 426.6 398.2
Total liabilities 656.5 626.2
Redeemable noncontrolling interest   11.1
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,825,124 shares and 37,167,375 shares issued as of January 27, 2024 and April 29, 2023, respectively 18.4 18.6
Additional paid-in capital 181.7 181.0
Accumulated other comprehensive loss (31.2) (19.0)
Treasury stock, 1,346,624 shares as of January 27, 2024 and April 29, 2023 (11.5) (11.5)
Retained earnings 677.6 772.7
Total shareholders' equity 835.0 941.8
Total liabilities and shareholders' equity $ 1,491.5 $ 1,579.1