Segment Information (Tables)

6 Months Ended

Nov. 02, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments

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

	Three Months Ended November 2, 2024 (14 Weeks)
(in millions)	Automotive			Industrial			Interface		Medical		Eliminations/ Corporate			Consolidated
Net sales	$	148.1		$	139.4		$	15.7	$	—	$	(10.6	)	$	292.6
Transfers between segments		(2.6	)		(8.0	)		—		—		10.6			—
Net sales to unaffiliated customers	$	145.5		$	131.4		$	15.7	$	—	$	—		$	292.6
Income (loss) from operations	$	0.7		$	24.3		$	4.7	$	—	$	(20.3	)	$	9.4
Interest expense, net															6.2
Other expense, net															1.6
Pre-tax income														$	1.6

	Three Months Ended October 28, 2023 (13 Weeks)
(in millions)	Automotive			Industrial			Interface		Medical			Eliminations /Corporate			Consolidated
Net sales	$	158.0		$	128.0		$	11.7	$	1.6		$	(11.3	)	$	288.0
Transfers between segments		(3.7	)		(7.6	)		—		—			11.3			—
Net sales to unaffiliated customers	$	154.3		$	120.4		$	11.7	$	1.6		$	—		$	288.0
Income (loss) from operations	$	(61.5	)	$	25.7		$	1.0	$	(0.7	)	$	(15.8	)	$	(51.3	)
Interest expense, net																4.4
Other expense, net																(0.2	)
Pre-tax loss															$	(55.5	)
Goodwill impairment	$	56.5		$	—		$	—	$	—		$	—		$	56.5

	Six Months Ended November 2, 2024 (27 Weeks)
(in millions)	Automotive			Industrial			Interface		Medical		Eliminations/ Corporate			Consolidated
Net sales	$	284.8		$	256.5		$	27.9	$	—	$	(18.1	)	$	551.1
Transfers between segments		(4.5	)		(13.6	)		—		—		18.1			—
Net sales to unaffiliated customers	$	280.3		$	242.9		$	27.9	$	—	$	—		$	551.1
Income (loss) from operations	$	(5.0	)	$	41.2		$	6.6	$	—	$	(40.9	)	$	1.9
Interest expense, net															11.0
Other expense, net															2.4
Pre-tax loss														$	(11.5	)

	Six Months Ended October 28, 2023 (26 Weeks)
(in millions)	Automotive			Industrial			Interface			Medical			Eliminations /Corporate			Consolidated
Net sales	$	319.1		$	250.6		$	27.0		$	2.4		$	(21.4	)	$	577.7
Transfers between segments		(6.5	)		(14.8	)		(0.1	)		—			21.4			—
Net sales to unaffiliated customers	$	312.6		$	235.8		$	26.9		$	2.4		$	—		$	577.7
Income (loss) from operations	$	(64.3	)	$	49.9		$	3.9		$	(2.9	)	$	(34.1	)	$	(47.5	)
Interest expense, net																	7.2
Other income, net																	(0.2	)
Pre-tax loss																$	(54.5	)
Goodwill impairment	$	56.5		$	—		$	—		$	—		$	—		$	56.5

(in millions)	November 2, 2024		April 27, 2024
Identifiable assets:
Automotive	$	617.7	$	592.7
Industrial		608.8		604.5
Interface		71.4		67.1
Medical		0.2		0.2
Eliminations/Corporate		77.0		139.0
Total identifiable assets	$	1,375.1	$	1,403.5