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Condensed Consolidated Statement Cash Flows - USD ($)
$ in Millions
12 Months Ended
Apr. 30, 2016
May 02, 2015
May 03, 2014
OPERATING ACTIVITIES      
Net income $ 84.6 $ 101.0 $ 96.2
Adjustments to reconcile net income to net cash provided by operating activities:      
(Gain)/Loss on sale of fixed assets (0.7) 0.0 0.2
Impairment of goodwill and intangible assets 0.0 11.1 1.7
Gain on sale of business 0.0 (7.7) 0.0
Provision for depreciation 21.5 21.9 22.1
Amortization of intangibles 2.4 1.5 1.8
Stock-based compensation 7.4 4.3 3.3
Provision for bad debt 0.0 0.0 0.0
Deferred income taxes 8.2 (0.3) (29.2)
Changes in operating assets and liabilities:      
Accounts receivable (6.0) (8.6) (49.7)
Inventories 4.5 (1.6) (11.0)
Prepaid expenses and other assets 0.1 (1.6) 0.2
Accounts payable and other expenses (11.3) 2.9 36.8
NET CASH PROVIDED BY OPERATING ACTIVITIES 110.7 122.9 72.4
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (23.2) (22.5) (29.0)
Sale of business/investment/property 1.6 11.2 6.1
NET CASH USED IN INVESTING ACTIVITIES (21.6) (11.3) (22.9)
FINANCING ACTIVITIES      
Taxes paid related to net share settlement of equity awards (7.7) 0.0 0.0
Purchase of common stock (62.3) 0.0 0.0
Proceeds from exercise of stock options 0.6 4.0 5.0
Tax benefit from stock option exercises 2.2 4.3 0.4
Cash dividends (13.5) (13.8) (11.3)
Proceeds from borrowings 71.0 0.0 38.0
Repayment of borrowings (19.0) (43.0) (33.5)
NET CASH USED IN FINANCING ACTIVITIES (28.7) (48.5) (1.4)
Effect of foreign currency exchange rate changes on cash (0.7) (11.4) 2.5
INCREASE IN CASH AND CASH EQUIVALENTS 59.7 51.7 50.6
Cash and cash equivalents at beginning of year 168.1 116.4 65.8
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 227.8 $ 168.1 $ 116.4