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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 27, 2024
Apr. 27, 2024
Current assets:    
Cash and cash equivalents $ 111.3 $ 161.5
Accounts receivable, net 248.6 262.6
Inventories 219.9 186.2
Income tax receivable 4.1 4.0
Prepaid expenses and other current assets 23.2 18.7
Assets held for sale 4.7 4.7
Total current assets 611.8 637.7
Long-term assets:    
Property, plant and equipment, net 213.8 212.1
Goodwill 170.6 169.9
Other intangible assets, net 252.2 256.7
Operating lease right-of-use assets, net 25.4 26.7
Deferred tax assets 36.0 34.7
Pre-production costs 46.1 44.1
Other long-term assets 22.0 21.6
Total long-term assets 766.1 765.8
Total assets 1,377.9 1,403.5
Current liabilities:    
Accounts payable 161.1 132.4
Accrued employee liabilities 36.3 38.0
Other accrued liabilities 46.5 46.0
Short-term operating lease liabilities 6.9 6.7
Short-term debt 0.2 0.2
Income tax payable 9.8 8.1
Total current liabilities 260.8 231.4
Long-term liabilities:    
Long-term debt 295.8 330.7
Long-term operating lease liabilities 19.9 20.6
Long-term income tax payable 9.3 9.3
Other long-term liabilities 19.8 16.8
Deferred tax liabilities 27.9 28.7
Total long-term liabilities 372.7 406.1
Total liabilities 633.5 637.5
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,591,684 shares and 36,650,909 shares issued as of July 27, 2024 and April 27, 2024, respectively 18.3 18.3
Additional paid-in capital 186.8 183.6
Accumulated other comprehensive loss (36.3) (36.7)
Treasury stock, 1,346,624 shares as of July 27, 2024 and April 27, 2024 (11.5) (11.5)
Retained earnings 587.1 612.3
Total shareholders' equity 744.4 766.0
Total liabilities and shareholders' equity $ 1,377.9 $ 1,403.5