Segment Information and Geographic Area Information (Tables)

12 Months Ended

Apr. 27, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments

The tables below present information about the Company’s reportable segments.

	Fiscal Year Ended April 27, 2024
(in millions)	Automotive			Industrial			Interface			Medical			Eliminations/ Corporate			Consolidated
Net sales	$	610.6		$	493.4		$	53.9		$	2.4		$	(45.8	)	$	1,114.5
Transfers between segments		(12.4	)		(33.3	)		(0.1	)		—			45.8			—
Net sales to unaffiliated customers	$	598.2		$	460.1		$	53.8		$	2.4		$	—		$	1,114.5
Income (loss) from operations	$	(140.2	)	$	88.8		$	6.9		$	(3.0	)	$	(64.5	)	$	(112.0	)
Interest expense, net																	16.7
Other income, net																	(0.6	)
Pre-tax loss																$	(128.1	)
Goodwill impairment	$	105.9		$	—		$	—		$	—		$	—		$	105.9
Purchases of property, plant and equipment	$	41.4		$	7.4		$	0.8		$	—		$	0.6		$	50.2
Depreciation and amortization	$	32.4		$	22.7		$	0.3		$	0.2		$	2.3		$	57.9
Identifiable assets	$	592.7		$	604.5		$	67.1		$	0.2		$	139.0		$	1,403.5

	Fiscal Year Ended April 29, 2023
(in millions)	Automotive			Industrial			Interface			Medical			Eliminations/ Corporate			Consolidated
Net sales	$	742.1		$	403.2		$	55.1		$	3.6		$	(24.4	)	$	1,179.6
Transfers between segments		(5.9	)		(18.3	)		(0.2	)		—			24.4			—
Net sales to unaffiliated customers	$	736.2		$	384.9		$	54.9		$	3.6		$	—		$	1,179.6
Income (loss) from operations	$	67.0		$	93.1		$	5.5		$	(6.1	)	$	(69.1	)	$	90.4
Interest expense, net																	2.7
Other income, net																	(2.4	)
Pre-tax income																$	90.1
Purchases of property, plant and equipment	$	31.8		$	7.7		$	0.1		$	0.1		$	2.3		$	42.0
Depreciation and amortization	$	31.7		$	14.5		$	0.2		$	1.0		$	2.1		$	49.5
Identifiable assets	$	700.2		$	672.3		$	127.2		$	6.2		$	73.2		$	1,579.1

	Fiscal Year Ended April 30, 2022
(in millions)	Automotive			Industrial			Interface		Medical			Eliminations/ Corporate			Consolidated
Net sales	$	786.3		$	325.7		$	59.8	$	4.2		$	(12.4	)	$	1,163.6
Transfers between segments		(4.8	)		(7.6	)		—		—			12.4			—
Net sales to unaffiliated customers	$	781.5		$	318.1		$	59.8	$	4.2		$	—		$	1,163.6
Income (loss) from operations	$	92.6		$	67.1		$	9.9	$	(5.5	)	$	(52.4	)	$	111.7
Interest expense, net																3.5
Other income, net																(10.3	)
Pre-tax income															$	118.5
Purchases of property, plant and equipment	$	27.4		$	2.4		$	—	$	0.2		$	8.0		$	38.0
Depreciation and amortization	$	34.4		$	14.9		$	0.2	$	1.0		$	2.1		$	52.6
Identifiable assets	$	689.8		$	455.3		$	108.1	$	7.9		$	128.0		$	1,389.1

Schedule of Geographic Financial Information

The following tables set forth net sales and tangible long-lived assets by geographic area where the Company operates. Tangible long-lived assets include property, plant and equipment and operating lease assets.

	Fiscal Year Ended
(in millions)	April 27, 2024		April 29, 2023		April 30, 2022
Net sales:
U.S.	$	475.6	$	472.6	$	547.4
China		196.3		239.9		224.3
Malta		179.5		201.2		178.4
Egypt		73.5		72.6		67.2
Finland		66.5		—		—
Other		123.1		193.3		146.3
Total net sales	$	1,114.5	$	1,179.6	$	1,163.6
(in millions)	April 27, 2024		April 29, 2023
Tangible long-lived assets, net:
U.S.	$	65.2	$	75.9
Malta		42.8		42.1
Egypt		43.8		38.7
China		22.5		27.5
Mexico		21.7		21.7
Belgium		19.3		21.0
Other		23.5		21.8
Total tangible long-lived assets, net	$	238.8	$	248.7