XML 103 R82.htm IDEA: XBRL DOCUMENT v3.24.2
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Apr. 27, 2024
Apr. 29, 2023
Deferred tax liabilities:    
Fixed assets $ 0.0 $ (2.7)
Amortization (56.5) (55.4)
Foreign tax (3.2) (4.5)
Lease assets (5.8) (6.8)
Derivative financial instruments (0.2) (0.6)
Unrealized foreign exchange gain/loss (0.5)  
Deferred tax liabilities, gross (66.2) (70.0)
Deferred tax assets:    
Deferred compensation and stock award amortization 9.0 7.9
Fixed assets 1.3 0.0
Inventory 5.9 5.1
Lease liabilities 5.9 6.8
Foreign investment tax credit 24.4 25.2
Research expenditures 6.3 2.4
Net operating loss carryforwards 13.2 13.5
Foreign tax credits 1.7 1.2
Unrealized foreign exchange gain/loss 0.0 0.8
Interest carryforwards 7.9 2.5
Other 2.4 3.2
Deferred tax assets, gross 78.0 68.6
Less valuation allowance (5.8) (6.8)
Deferred tax assets, net of valuation allowance 72.2 61.8
Net deferred tax asset (liability) 6.0  
Net deferred tax liability   (8.2)
Balance sheet classification:    
Long-term asset 34.7 33.6
Long-term liability $ (28.7) (41.8)
Net deferred tax liability   $ (8.2)