XML 25 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jul. 27, 2024
Jul. 29, 2023
Operating activities:    
Net (loss) income $ (18.3) $ 0.9
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 14.1 14.0
Stock-based compensation expense 2.2 2.6
Change in cash surrender value of life insurance (0.4) 0.6
Amortization of debt issuance costs 0.2 0.2
Partial write-off of unamortized debt issuance costs 1.2  
Impairment of long-lived assets 0.3 0.6
Change in deferred income taxes (0.5) (0.5)
Other 0.7  
Changes in operating assets and liabilities:    
Accounts receivable 14.4 11.5
Inventories (33.1) (16.5)
Prepaid expenses and other assets (5.8) (2.3)
Accounts payable 32.4 (5.7)
Other liabilities 3.5 (11.0)
Net cash provided by (used in) operating activities 10.9 (5.6)
Investing activities:    
Purchases of property, plant and equipment (13.6) (13.8)
Net cash used in investing activities (13.6) (13.8)
Financing activities:    
Taxes paid related to net share settlement of equity awards (0.5) (3.8)
Repayments of finance leases (0.1) (0.1)
Debt issuance costs (1.8)  
Purchases of common stock (1.6)  
Cash dividends (5.1) (5.3)
Purchase of redeemable noncontrolling interest   (10.2)
Proceeds from borrowings   42.0
Repayments of borrowings (39.1) (10.1)
Net cash (used in) provided by financing activities (48.2) 12.5
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.7 (2.2)
Decrease in cash and cash equivalents (50.2) (9.1)
Cash and cash equivalents at beginning of the period 161.5 157.0
Cash and cash equivalents at end of the period 111.3 147.9
Cash paid during the period for:    
Interest 3.3 3.0
Income taxes, net of refunds 3.7 2.2
Operating lease obligations $ 2.3 $ 2.3