Income Taxes (Tables)

12 Months Ended

Apr. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities were as follows: 

	April 30, 2016			May 2, 2015
Deferred tax liabilities:
Accelerated tax depreciation	$	4.1		$	2.0
Foreign tax withheld	2.1			1.7
Deferred income	0.8			0.9
	7.0			4.6
Deferred tax assets:
Deferred compensation and stock award amortization	7.9			7.6
Inventory valuation differences	2.3			2.1
Property valuation differences	2.0			2.0
Accelerated book amortization	8.9			10.1
Environmental reserves	0.7			1.1
Bad debt reserves	0.1			0.1
Vacation accruals	1.1			1.0
Foreign investment tax credit	14.4			16.1
Net operating loss carryovers	4.4			5.2
Foreign tax credits	0.9			3.7
Other accruals	3.0			3.0
	45.7			52.0
Less valuation allowance	1.3			2.0
Total deferred tax assets	44.4			50.0
Net deferred tax assets	$	37.4		$	45.4
Balance sheet classification:
Current asset	$	11.8		$	15.0
Non-current asset	27.7			32.1
Current liability	(2.1		)	(1.7		)
	$	37.4		$	45.4

Schedule of Components of Income before Income Taxes

Components of income before income taxes are as follows:

	Fiscal Year Ended
	April 30, 2016		May 2, 2015		May 3, 2014
Domestic source	$	25.3	$	39.9	$	21.0
Foreign source	85.6		80.9		54.9
Income before income tax	$	110.9	$	120.8	$	75.9

Schedule of Income Taxes

Income taxes consisted of the following: 

	Fiscal Year Ended
	April 30, 2016		May 2, 2015			May 3, 2014
Current
Federal	$	2.8	$	5.4		$	0.2
Foreign	14.7		13.8			8.0
State	0.6		0.9			0.7
Subtotal	18.1		20.1			8.9
Deferred
Federal and state	5.5		6.0			(31.7		)
Foreign	2.7		(6.3		)	2.5
Subtotal	8.2		(0.3		)	(29.2		)
Total income tax/(benefit)	$	26.3	$	19.8		$	(20.3	)

Schedule of Reconciliation of Consolidated Provisions for Income Taxes from Continuing Operations

A reconciliation of the consolidated provisions for income taxes from continuing operations to amounts determined by applying the prevailing statutory federal income tax rate to pre-tax earnings is as follows: 

	Fiscal Year Ended
	April 30, 2016					May 2, 2015					May 3, 2014
Income tax at statutory rate	$	38.9		35.0	%	$	42.2		35.0	%	$	26.5		35.0	%
Effect of:
State income taxes, net of federal benefit	0.4			0.4	%	0.8			0.6	%	0.4			0.5	%
Foreign operations with lower statutory rates	(11.9		)	(10.7	)%	(11.5		)	(9.5	)%	(13.2		)	(17.4	)%
Foreign losses with no tax benefit	—			—	%	0.1			0.1	%	1.0			1.3	%
Foreign investment tax credit	(2.1		)	(1.9	)%	(8.3		)	(6.9	)%	1.6			2.1	%
Change in tax contingency reserve	0.1			0.1	%	0.2			0.2	%	0.2			0.3	%
Change in permanent reinvestment assertion	—			—	%	0.3			0.2	%	(2.8		)	(3.7	)%
Change in valuation allowance	0.1			0.1	%	(3.6		)	(3.0	)%	(32.6		)	(43.0	)%
Other, net	0.8			0.8	%	(0.4		)	(0.3	)%	(1.4		)	(1.8	)%
Income tax provision/(benefit)	$	26.3		23.7	%	$	19.8		16.4	%	$	(20.3	)	(26.7	)%

Schedule of Reconciliation of Unrecognized Tax Benefits

The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits: 

Balance at May 2, 2015	$	0.9
Increases for positions related to the prior years	0.1
Increases for positions related to the current year	0.2
Decreases for positions related to the prior years	—
Lapsing of statutes of limitations	—
Balance at April 30, 2016	$	1.2