Balance Sheet Components (Tables)

3 Months Ended

Aug. 01, 2020

Balance Sheet Components [Abstract]

Summary of Inventories

Inventories are stated at the lower-of-cost or net realizable value. Cost is determined using the first-in, first-out method. Finished products and work-in-process inventories include direct material costs and direct and indirect manufacturing costs. The Company records reserves for inventory that may be obsolete or in excess of current and future market demand. A summary of inventories is shown below:

(Dollars in Millions)	August 1, 2020		May 2, 2020
Finished Products	$	34.2	$	45.7
Work in Process		11.1		10.8
Raw Materials		78.7		74.5
Total Inventories	$	124.0	$	131.0

Summary of Property, Plant and Equipment

A summary of property, plant and equipment is shown below:

(Dollars in Millions)	August 1, 2020			May 2, 2020
Land	$	3.3		$	3.3
Buildings and Building Improvements		90.6			87.3
Machinery and Equipment		432.0			412.3
Total Property, Plant and Equipment, Gross		525.9			502.9
Less: Accumulated Depreciation		(317.3	)		(301.0	)
Property, Plant and Equipment, Net	$	208.6		$	201.9