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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 03, 2025
Apr. 27, 2024
Current assets:    
Cash and cash equivalents $ 103.6 $ 161.5
Accounts receivable, net 241.0 262.6
Inventories 194.1 186.2
Income tax receivable 4.1 4.0
Prepaid expenses and other current assets 17.1 18.7
Assets held for sale   4.7
Total current assets 559.9 637.7
Long-term assets:    
Property, plant and equipment, net 221.6 212.1
Goodwill 172.7 169.9
Other intangible assets, net 238.4 256.7
Operating lease right-of-use assets, net 23.7 26.7
Deferred tax assets 37.8 34.7
Pre-production costs 31.7 44.1
Other long-term assets 20.0 21.6
Total long-term assets 745.9 765.8
Total assets 1,305.8 1,403.5
Current liabilities:    
Accounts payable 125.9 132.4
Accrued employee liabilities 32.0 38.0
Other accrued liabilities 50.2 46.0
Short-term operating lease liabilities 7.4 6.7
Short-term debt 0.2 0.2
Income tax payable 17.5 8.1
Total current liabilities 233.2 231.4
Long-term liabilities:    
Long-term debt 317.4 330.7
Long-term operating lease liabilities 18.2 20.6
Long-term income tax payable   9.3
Other long-term liabilities 16.9 16.8
Deferred tax liabilities 26.8 28.7
Total long-term liabilities 379.3 406.1
Total liabilities 612.5 637.5
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,151,365 shares and 36,650,909 shares issued as of May 3, 2025 and April 27, 2024, respectively 18.6 18.3
Additional paid-in capital 191.8 183.6
Accumulated other comprehensive loss (29.8) (36.7)
Treasury stock, 1,346,624 shares as of May 3, 2025 and April 27, 2024 (11.5) (11.5)
Retained earnings 524.2 612.3
Total shareholders' equity 693.3 766.0
Total liabilities and shareholders' equity $ 1,305.8 $ 1,403.5