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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
May 03, 2025
Apr. 27, 2024
Apr. 29, 2023
Operating activities:      
Net Income (Loss) $ (62.6) $ (123.3) $ 77.1
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 58.5 57.9 49.5
Stock-based compensation expense 7.4 3.6 11.5
Amortization of debt issuance costs 1.1 0.8 0.7
Partial write-off of unamortized debt issuance costs 1.2    
(Gain) loss on sale of property, plant and equipment (0.5) (1.9) 0.6
Impairment of long-lived assets 1.1 2.3 0.7
Inventory obsolescence 20.4 10.4 7.8
Goodwill impairment   105.9  
Change in deferred income taxes (5.8) (20.8) (4.6)
Other 1.9 (0.8) 0.8
Changes in operating assets and liabilities:      
Accounts receivable 22.7 48.0 (21.0)
Inventories (25.7) (41.1) 1.1
Prepaid expenses and other assets 17.3 6.9 (25.4)
Accounts payable (5.4) (4.7) 19.8
Other liabilities (5.2) 4.3 14.2
Net cash provided by operating activities 26.4 47.5 132.8
Investing activities:      
Purchases of property, plant and equipment (41.6) (50.2) (42.0)
Proceeds from redemption of life insurance   10.8  
Proceeds from settlement of net investment hedge 3.1 0.6  
Proceeds from disposition of assets 5.6 21.3 3.5
Acquisition of business, net of cash acquired     (114.6)
Net cash used in investing activities (32.9) (17.5) (153.1)
Financing activities:      
Taxes paid related to net share settlement of equity awards (4.3) (3.8) (0.5)
Repayments of finance leases (0.2) (0.2) (0.4)
Debt issuance costs (1.8) (1.1) (3.2)
Proceeds from exercise of stock options     1.5
Purchases of common stock (1.6) (13.7) (48.1)
Cash dividends (20.4) (19.9) (19.8)
Purchase of redeemable noncontrolling interest   (10.9)  
Proceeds from borrowings 138.0 237.9 344.7
Repayments of borrowings (168.6) (207.2) (271.0)
Net cash (used in) provided by financing activities (58.9) (18.9) 3.2
Effect of foreign currency exchange rate changes on cash and cash equivalents 7.5 (6.6) 2.1
(Decrease) increase in cash and cash equivalents (57.9) 4.5 (15.0)
Cash and cash equivalents at beginning of the year 161.5 157.0 172.0
Cash and cash equivalents at end of the year 103.6 161.5 157.0
Cash paid during the period for:      
Interest 23.4 17.0 5.6
Income taxes, net of refunds $ 22.3 $ 15.0 $ 25.6