Goodwill and Intangible Assets (Tables)

3 Months Ended

Jul. 27, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table shows goodwill by segment:

(Dollars in Millions)	July 27, 2019		April 27, 2019
Automotive	$	106.3	$	106.3
Industrial	126.7		127.0
Total	$	233.0	$	233.3

Schedule of Intangible Assets

The following tables present details of the Company's identifiable intangible assets:

	July 27, 2019
(Dollars in Millions)	Gross		Accumulated Amortization		Net		Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	244.6	$	30.9	$	213.7	17.2
Trade Names, Patents and Technology Licenses	75.6		30.7		44.9		8.1
Total Definite-lived Intangible Assets	320.2		61.6		258.6
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8		—		1.8
Total Indefinite-lived Intangible Assets	1.8		—		1.8
Total Intangible Assets	$	322.0	$	61.6	$	260.4

	April 27, 2019
(Dollars in Millions)	Gross		Accumulated Amortization		Net		Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	244.5	$	27.7	$	216.8	17.4
Trade Names, Patents and Technology Licenses	75.5		29.2		46.3		8.4
Total Definite-lived Intangible Assets	320.0		56.9		263.1
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8		—		1.8
Total Indefinite-lived Intangible Assets	1.8		—		1.8
Total Intangible Assets	$	321.8	$	56.9	$	264.9

Schedule of Estimated Aggregate Amortization Expense of Intangible Assets

Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

 

(Dollars in Millions)
Fiscal Year:
Remainder of 2020	$	14.3
2021	19.0
2022	19.0
2023	19.0
2024	18.6
Thereafter	168.7
Total	$	258.6