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Property, Plant and Equipment
 12 Months Ended
May 03, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6. Property, Plant and Equipment

A summary of property, plant and equipment is shown below:

(in millions)

 

May 3, 2025

 

 

April 27, 2024

 

Land

 

$

3.3

 

 

$

3.3

 

Buildings and building improvements

 

 

104.6

 

 

 

98.5

 

Machinery and equipment

 

 

424.2

 

 

 

394.6

 

Construction in progress

 

 

47.9

 

 

 

50.4

 

Total property, plant and equipment, gross

 

 

580.0

 

 

 

546.8

 

Less: accumulated depreciation

 

 

(358.4

)

 

 

(334.7

)

Property, plant and equipment, net

 

$

221.6

 

 

$

212.1

 

Depreciation expense was $35.1 million, $33.9 million and $30.7 million in fiscal 2025, fiscal 2024 and fiscal 2023, respectively. As of May 3, 2025, April 27, 2024 and April 29, 2023, capital expenditures recorded in accounts payable totaled $3.3 million, $6.1 million and $4.5 million, respectively.

In fiscal 2024, the Company sold the company aircraft for a sales price of $19.4 million, generating a gain on sale of $2.4 million. The gain on sale was included in other income, net on the consolidated statements of operations.