Leases (Tables)

9 Months Ended

Feb. 01, 2020

Leases [Abstract]

Lease Costs

The components of lease expense were as follows:

(Dollars in Millions)	Three Months Ended February 1, 2020		Nine Months Ended February 1, 2020
Lease Cost:
Operating Lease Cost	$	2.3	$	7.1
Variable Lease Cost	0.3		0.7
Total Lease Cost	$	2.6	$	7.8

Supplemental Cash Flow

Supplemental cash flow and other information related to operating leases was as follows:

(Dollars in Millions)	Nine Months Ended February 1, 2020
Operating Cash Flows:
Cash Paid Related to Operating Lease Obligations	$	6.5
Non-cash Activity:
Right-of-use Assets Obtained in Exchange for Lease Obligations	$	5.7
Weighted-average Remaining Lease Term	5.8 years
Weighted-average Discount Rate	4.70		%

Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of February 1, 2020, are shown below:

(Dollars in Millions)	Operating Leases
Fiscal Year:
Remainder of 2020	$	2.2
2021	6.5
2022	5.9
2023	5.3
2024	4.1
Thereafter	8.1
Total Lease Payments	32.1
Less: Imputed Interest	(4.2		)
Present Value of Lease Liabilities	$	27.9

Future Minimum Lease Payments

Future minimum lease payments for assets under operating leases as of April 27, 2019 were as follows:

(Dollars in Millions)	Operating Leases
Fiscal Years:
2020	$	7.8
2021	5.6
2022	4.9
2023	4.2
2024	3.3
Thereafter	8.4
Net Minimum Lease Payments	$	34.2