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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 01, 2025
Apr. 27, 2024
Current assets:    
Cash and cash equivalents $ 103.8 $ 161.5
Accounts receivable, net 220.0 262.6
Inventories 218.8 186.2
Income tax receivable 4.2 4.0
Prepaid expenses and other current assets 22.7 18.7
Assets held for sale 2.7 4.7
Total current assets 572.2 637.7
Long-term assets:    
Property, plant and equipment, net 208.6 212.1
Goodwill 167.4 169.9
Other intangible assets, net 235.7 256.7
Operating lease right-of-use assets, net 24.9 26.7
Deferred tax assets 34.3 34.7
Pre-production costs 40.0 44.1
Other long-term assets 21.5 21.6
Total long-term assets 732.4 765.8
Total assets 1,304.6 1,403.5
Current liabilities:    
Accounts payable 107.7 132.4
Accrued employee liabilities 29.4 38.0
Other accrued liabilities 42.3 46.0
Short-term operating lease liabilities 7.5 6.7
Short-term debt 0.2 0.2
Income tax payable 14.3 8.1
Total current liabilities 201.4 231.4
Long-term liabilities:    
Long-term debt 327.7 330.7
Long-term operating lease liabilities 19.8 20.6
Long-term income tax payable   9.3
Other long-term liabilities 21.7 16.8
Deferred tax liabilities 29.7 28.7
Total long-term liabilities 398.9 406.1
Total liabilities 600.3 637.5
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,004,282 shares and 36,650,909 shares issued as of February 1, 2025 and April 27, 2024, respectively 18.5 18.3
Additional paid-in capital 190.2 183.6
Accumulated other comprehensive loss (51.2) (36.7)
Treasury stock, 1,346,624 shares as of February 1, 2025 and April 27, 2024 (11.5) (11.5)
Retained earnings 558.3 612.3
Total shareholders' equity 704.3 766.0
Total liabilities and shareholders' equity $ 1,304.6 $ 1,403.5