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Segment Information and Geographic Area Information (Tables)

12 Months Ended

May 03, 2025

Segment Reporting [Abstract]

Schedule of Reportable Segments

The tables below present information about the Company’s reportable segments.

		Fiscal Year Ended May 3, 2025 (53 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	522.3			$	527.1			$	51.8			$	—			$	(53.1	)		$	1,048.1
Transfers between segments			(13.4	)			(39.7	)			—				—				53.1				—
Net sales to unaffiliated customers			508.9				487.4				51.8				—				—				1,048.1
Cost of products sold			504.2				343.2				39.1				—				(1.8	)			884.7
Selling and administrative expenses			43.3				39.9				2.4				—				78.3				163.9
Amortization of intangibles			9.1				14.3				—				—				—				23.4
Income (loss) from operations		$	(47.7	)		$	90.0			$	10.3			$	—			$	(76.5	)		$	(23.9	)
Interest expense, net																							22.0
Other expense, net																							4.2
Pre-tax loss																						$	(50.1	)
Purchases of property, plant and equipment		$	33.2			$	8.3			$	—			$	—			$	0.1			$	41.6
Depreciation expense		$	24.9			$	8.8			$	0.2			$	—			$	1.2			$	35.1
Identifiable assets		$	596.0			$	594.6			$	62.4			$	—			$	52.8			$	1,305.8

		Fiscal Year Ended April 27, 2024 (52 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	610.6			$	493.4			$	53.9			$	2.4			$	(45.8	)		$	1,114.5
Transfers between segments			(12.4	)			(33.3	)			(0.1	)			—				45.8				—
Net sales to unaffiliated customers			598.2				460.1				53.8				2.4				—				1,114.5
Cost of products sold			567.8				322.4				43.5				2.6				(0.6	)			935.7
Selling and administrative expenses			55.5				34.1				3.4				2.8				65.1				160.9
Goodwill impairment			105.9				—				—				—				—				105.9
Amortization of intangibles			9.2				14.8				—				—				—				24.0
Income (loss) from operations		$	(140.2	)		$	88.8			$	6.9			$	(3.0	)		$	(64.5	)		$	(112.0	)
Interest expense, net																							16.7
Other income, net																							(0.6	)
Pre-tax loss																						$	(128.1	)
Purchases of property, plant and equipment		$	41.4			$	7.4			$	0.8			$	—			$	0.6			$	50.2
Depreciation expense		$	23.2			$	7.9			$	0.3			$	0.2			$	2.3			$	33.9
Identifiable assets		$	592.7			$	604.5			$	67.1			$	0.2			$	139.0			$	1,403.5

		Fiscal Year Ended April 29, 2023 (52 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	742.1			$	403.2			$	55.1			$	3.6			$	(24.4	)		$	1,179.6
Transfers between segments			(5.9	)			(18.3	)			(0.2	)			—				24.4				—
Net sales to unaffiliated customers			736.2				384.9				54.9				3.6				—				1,179.6
Cost of products sold			610.0				257.1				45.6				4.1				(1.3	)			915.5
Selling and administrative expenses			49.8				25.3				3.8				5.6				70.4				154.9
Amortization of intangibles			9.4				9.4				—				—				—				18.8
Income (loss) from operations		$	67.0			$	93.1			$	5.5			$	(6.1	)		$	(69.1	)		$	90.4
Interest expense, net																							2.7
Other income, net																							(2.4	)
Pre-tax income																						$	90.1
Purchases of property, plant and equipment		$	31.8			$	7.7			$	0.1			$	0.1			$	2.3			$	42.0
Depreciation expense		$	22.3			$	5.1			$	0.2			$	1.0			$	2.1			$	30.7
Identifiable assets		$	700.2			$	672.3			$	127.2			$	6.2			$	73.2			$	1,579.1

Schedule of Geographic Financial Information

The following tables set forth net sales and tangible long-lived assets by geographic area where the Company operates. Tangible long-lived assets include property, plant and equipment and operating lease assets.

		Fiscal Year Ended
		May 3, 2025				April 27, 2024				April 29, 2023
(in millions)		(53 Weeks)				(52 Weeks)				(52 Weeks)
Net sales:
U.S.		$	445.2			$	475.6			$	472.6
Malta			202.0				179.5				201.2
Finland			58.2				66.5				—
China			125.9				196.3				239.9
Egypt			99.9				73.5				72.6
Other			116.9				123.1				193.3
Total net sales		$	1,048.1			$	1,114.5			$	1,179.6
(in millions)		May 3, 2025				April 27, 2024
Tangible long-lived assets, net:
U.S.		$	71.7			$	65.2
Malta			42.5				42.8
Egypt			45.9				43.8
China			22.6				22.5
Mexico			19.6				21.7
Belgium			20.3				19.3
Other			22.7				23.5
Total tangible long-lived assets, net		$	245.3			$	238.8

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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