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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 01, 2021
May 02, 2020
Current assets:    
Cash and cash equivalents $ 233.2 $ 217.3
Accounts receivable, net 282.5 188.5
Inventories 124.2 131.0
Income taxes receivable 11.5 12.9
Prepaid expenses and other current assets 22.6 15.9
Total current assets 674.0 565.6
Long-term assets:    
Property, plant and equipment, net 204.0 201.9
Goodwill 235.6 231.6
Other intangible assets, net 229.4 244.8
Operating lease right-of-use assets, net 22.3 23.5
Deferred tax assets 41.2 31.4
Pre-production costs 25.0 37.1
Other long-term assets 35.5 34.7
Total long-term assets 793.0 805.0
Total assets 1,467.0 1,370.6
Current liabilities:    
Accounts payable 122.9 73.8
Accrued employee liabilities 33.5 19.1
Other accrued liabilities 25.0 18.5
Short-term operating lease liabilities 6.1 5.5
Short-term debt 14.9 15.3
Income tax payable 20.3 11.6
Total current liabilities 222.7 143.8
Long-term liabilities:    
Long-term debt 225.2 336.8
Long-term operating lease liabilities 17.5 20.4
Long-term income taxes payable 24.8 29.3
Other long-term liabilities 20.5 15.3
Deferred tax liabilities 38.3 41.6
Total long-term liabilities 326.3 443.4
Total liabilities 549.0 587.2
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 39,644,913 shares and 38,438,111 shares issued as of May 1, 2021 and May 2, 2020, respectively 19.8 19.2
Additional paid-in capital 157.6 150.7
Accumulated other comprehensive income (loss) 6.1 (26.9)
Treasury stock, 1,346,624 shares as of May 1, 2021 and May 2, 2020 (11.5) (11.5)
Retained earnings 746.0 651.9
Total shareholders' equity 918.0 783.4
Total liabilities and shareholders' equity $ 1,467.0 $ 1,370.6