Property, Plant and Equipment

12 Months Ended

Apr. 27, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6. Property, Plant and Equipment

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

(in millions)	April 27, 2024			April 29, 2023
Land	$	3.3		$	3.0
Buildings and building improvements		98.5			98.8
Machinery and equipment		394.6			414.3
Construction in progress		50.4			40.6
Total property, plant and equipment, gross		546.8			556.7
Less: accumulated depreciation		(334.7	)		(336.4	)
Property, plant and equipment, net	$	212.1		$	220.3

Depreciation expense was $33.9 million, $30.7 million and $33.5 million in fiscal 2024, fiscal 2023 and fiscal 2022, respectively. As of April 27, 2024, April 29, 2023 and April 30, 2022, capital expenditures recorded in accounts payable totaled $6.1 million, $4.5 million and $4.4 million, respectively.

In fiscal 2024, the Company sold the company aircraft for a sales price of $19.4 million, generating a gain on sale of $2.4 million. The gain on sale was included in other income, net on the consolidated statement of operations.