Shareholders' Equity (Tables)

9 Months Ended

Jan. 28, 2023

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Stock Buyback Activity Under Share Buyback Program

The following table summarizes the Company’s stock buyback activity under this share buyback program:

	Three Months Ended				Nine Months Ended
(in millions, except share and per share data)	January 28, 2023		January 29, 2022		January 28, 2023		January 29, 2022
Shares purchased		179,700		460,161		1,005,514		1,425,190
Average price per share	$	44.54	$	46.39	$	39.34	$	44.73
Total cost	$	8.0	$	21.3	$	39.6	63.7

Summary of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax

A summary of changes in AOCI, net of tax is shown below:

	Three Months Ended January 28, 2023									Nine Months Ended January 28, 2023
(in millions)	Currency translation adjustments			Derivative instruments			Total			Currency translation adjustments			Derivative instruments			Total
Balance at beginning of period	$	(61.1	)	$	6.8		$	(54.3	)	$	(30.5	)	$	3.7		$	(26.8	)
Other comprehensive income (loss)		37.7			(5.8	)		31.9			6.9			(1.7	)		5.2
Tax (expense) benefit		(0.6	)		1.4			0.8			(0.4	)		0.4			—
Net other comprehensive income (loss)		37.1			(4.4	)		32.7			6.5			(1.3	)		5.2
Balance at the end of period	$	(24.0	)	$	2.4		$	(21.6	)	$	(24.0	)	$	2.4		$	(21.6	)

	Three Months Ended January 29, 2022									Nine Months Ended January 29, 2022
(in millions)	Currency translation adjustments			Derivative instruments			Total			Currency translation adjustments			Derivative instruments			Total
Balance at beginning of period	$	0.8		$	(2.8	)	$	(2.0	)	$	11.5		$	(5.4	)	$	6.1
Other comprehensive income (loss)		(11.1	)		3.2			(7.9	)		(21.9	)		6.5			(15.4	)
Tax (expense) benefit		0.1			(0.8	)		(0.7	)		0.2			(1.5	)		(1.3	)
Net other comprehensive income (loss)		(11.0	)		2.4			(8.6	)		(21.7	)		5.0			(16.7	)
Balance at the end of period	$	(10.2	)	$	(0.4	)	$	(10.6	)	$	(10.2	)	$	(0.4	)	$	(10.6	)

Summary of RSA and RSU Activity

The following table summarizes RSA activity:

	Restricted stock awards		Weighted average grant date fair value
Non-vested at April 30, 2022		928,412	$	28.50
Awarded		21,262	$	38.41
Vested		—	$	—
Forfeited		—	$	—
Non-vested at January 28, 2023		949,674	$	28.72

The following table summarizes RSU activity:

	Restricted stock units			Weighted average grant date fair value
Non-vested at April 30, 2022		936,391		$	29.16
Awarded		74,508		$	39.21
Vested		—		$	—
Forfeited		(734	)	$	48.41
Non-vested at January 28, 2023		1,010,165		$	29.89

Summary of combined stock option activity and related information for stock options granted

The following table summarizes stock option activity:

	Stock options			Weighted average exercise price		Weighted- average life (years)		Aggregate intrinsic value (in millions)
Outstanding and exercisable at April 30, 2022		60,000		$	37.01		2.2	$	0.5
Exercised		(40,000	)	$	37.01
Forfeited		—		$	—
Outstanding and exercisable at January 28, 2023		20,000		$	37.01		1.4	$	0.2

Summary of Stock-based Compensation Expense Related to Equity Awards

The table below summarizes the stock-based compensation expense related to the equity awards:

	Three Months Ended				Nine Months Ended
(in millions)	January 28, 2023		January 29, 2022		January 28, 2023		January 29, 2022
RSUs	$	2.7	$	2.6	$	7.8	$	7.7
Deferred director awards		—		—		1.0		0.8
Director awards		—		—		0.6		0.7
Total stock-based compensation expense	$	2.7	$	2.6	$	9.4	$	9.2