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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 29, 2023
Apr. 30, 2022
Current assets:    
Cash and cash equivalents $ 157.0 $ 172.0
Accounts receivable, net 314.3 273.3
Inventories 159.7 158.5
Income tax receivable 12.9 8.3
Prepaid expenses and other current assets 20.5 16.9
Total current assets 664.4 629.0
Long-term assets:    
Property, plant and equipment, net 220.3 197.0
Goodwill 301.9 233.0
Other intangible assets, net 256.7 207.7
Operating lease right-of-use assets, net 28.4 20.0
Deferred tax assets 33.6 36.8
Pre-production costs 36.1 27.2
Other long-term assets 37.7 38.4
Total long-term assets 914.7 760.1
Total assets 1,579.1 1,389.1
Current liabilities:    
Accounts payable 138.7 108.5
Accrued employee liabilities 36.7 30.0
Other accrued liabilities 34.5 24.5
Short-term operating lease liabilities 6.8 6.0
Short-term debt 3.2 13.0
Income tax payable 8.1 6.6
Total current liabilities 228.0 188.6
Long-term liabilities:    
Long-term debt 303.6 197.5
Long-term operating lease liabilities 21.8 14.8
Long-term income tax payable 16.7 22.1
Other long-term liabilities 14.3 14.0
Deferred tax liabilities 41.8 38.3
Total long-term liabilities 398.2 286.7
Total liabilities 626.2 475.3
Redeemable noncontrolling interest 11.1  
Shareholders' equity:    
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,167,375 shares and 38,276,968 shares issued as of April 29, 2023 and April 30, 2022, respectively 18.6 19.2
Additional paid-in capital 181.0 169.0
Accumulated other comprehensive loss (19.0) (26.8)
Treasury stock, 1,346,624 shares as of April 29, 2023 and April 30, 2022 (11.5) (11.5)
Retained earnings 772.7 763.9
Total shareholders' equity 941.8 913.8
Total liabilities, redeemable noncontrolling interest and shareholders' equity $ 1,579.1 $ 1,389.1