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Segment Information (Tables)
6 Months Ended
Oct. 29, 2022
Segment Reporting [Abstract]  
Schedule of Reportable Segments

The tables below present information about the Company’s reportable segments:

 

 

Three Months Ended October 29, 2022

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations
/Corporate

 

 

Consolidated

 

Net sales

 

$

198.3

 

 

$

107.8

 

 

$

14.1

 

 

$

1.1

 

 

$

(5.4

)

 

$

315.9

 

Transfers between segments

 

 

(1.4

)

 

 

(4.0

)

 

 

 

 

 

 

 

 

5.4

 

 

 

 

Net sales to unaffiliated customers

 

$

196.9

 

 

$

103.8

 

 

$

14.1

 

 

$

1.1

 

 

$

 

 

$

315.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

23.4

 

 

$

25.0

 

 

$

1.6

 

 

$

(1.4

)

 

$

(15.8

)

 

$

32.8

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.5

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.1

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

33.4

 

 

 

 

Three Months Ended October 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations
/Corporate

 

 

Consolidated

 

Net sales

 

$

197.1

 

 

$

82.7

 

 

$

18.0

 

 

$

0.8

 

 

$

(3.1

)

 

$

295.5

 

Transfers between segments

 

 

(1.1

)

 

 

(2.0

)

 

 

 

 

 

 

 

 

3.1

 

 

 

 

Net sales to unaffiliated customers

 

$

196.0

 

 

$

80.7

 

 

$

18.0

 

 

$

0.8

 

 

$

 

 

$

295.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

23.6

 

 

$

18.8

 

 

$

4.4

 

 

$

(1.8

)

 

$

(11.8

)

 

$

33.2

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.1

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.9

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

33.0

 

 

 

 

Six Months Ended October 29, 2022

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations
/Corporate

 

 

Consolidated

 

Net sales

 

$

375.6

 

 

$

201.5

 

 

$

27.1

 

 

$

1.8

 

 

$

(7.7

)

 

$

598.3

 

Transfers between segments

 

 

(2.1

)

 

 

(5.6

)

 

 

 

 

 

 

 

 

7.7

 

 

 

 

Net sales to unaffiliated customers

 

$

373.5

 

 

$

195.9

 

 

$

27.1

 

 

$

1.8

 

 

$

 

 

$

598.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

38.1

 

 

$

47.4

 

 

$

3.2

 

 

$

(2.9

)

 

$

(31.2

)

 

$

54.6

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.5

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5.2

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

59.3

 

 

 

 

Six Months Ended October 30, 2021

 

(in millions)

 

Automotive

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Eliminations
/Corporate

 

 

Consolidated

 

Net sales

 

$

394.1

 

 

$

163.9

 

 

$

30.7

 

 

$

1.6

 

 

$

(7.0

)

 

$

583.3

 

Transfers between segments

 

 

(2.3

)

 

 

(4.7

)

 

 

 

 

 

 

 

 

7.0

 

 

 

 

Net sales to unaffiliated customers

 

$

391.8

 

 

$

159.2

 

 

$

30.7

 

 

$

1.6

 

 

$

 

 

$

583.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

50.9

 

 

$

39.0

 

 

$

5.5

 

 

$

(3.0

)

 

$

(25.1

)

 

$

67.3

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.2

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.7

)

Income before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

67.8

 

 

(in millions)

 

October 29, 2022

 

 

April 30, 2022

 

Identifiable assets:

 

 

 

 

 

 

Automotive

 

$

700.6

 

 

$

689.8

 

Industrial

 

 

463.7

 

 

 

455.3

 

Interface

 

 

113.2

 

 

 

108.1

 

Medical

 

 

6.5

 

 

 

7.9

 

Eliminations/Corporate

 

 

110.3

 

 

 

128.0

 

Total identifiable assets

 

$

1,394.3

 

 

$

1,389.1