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Revenue (Tables)
12 Months Ended
May 01, 2021
Revenue From Contract With Customer [Abstract]  
Disaggregated Revenue Information

The following table represents a disaggregation of revenue from contracts with customers by segment and geographical location. Net sales are attributed to regions based on the location of production. Though revenue recognition patterns and contracts are generally consistent, the amount, timing and uncertainty of revenue and cash flows may vary in each reportable segment due to geographic and economic factors.

 

 

Fiscal Year Ended May 1, 2021 (52 Weeks)

 

(in millions)

 

Auto

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Total

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

406.4

 

 

$

142.9

 

 

$

61.0

 

 

$

2.7

 

 

$

613.0

 

Europe & Africa

 

 

212.3

 

 

 

68.2

 

 

 

 

 

 

 

 

 

280.5

 

Asia

 

 

137.0

 

 

 

56.8

 

 

 

0.6

 

 

 

0.1

 

 

 

194.5

 

Total net sales

 

$

755.7

 

 

$

267.9

 

 

$

61.6

 

 

$

2.8

 

 

$

1,088.0

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goods transferred at a point in time

 

$

722.1

 

 

$

267.9

 

 

$

61.6

 

 

$

2.8

 

 

$

1,054.4

 

Goods transferred over time

 

 

33.6

 

 

 

 

 

 

 

 

 

 

 

 

33.6

 

Total net sales

 

$

755.7

 

 

$

267.9

 

 

$

61.6

 

 

$

2.8

 

 

$

1,088.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended May 2, 2020 (53 Weeks)

 

(in millions)

 

Auto

 

 

Industrial

 

 

Interface

 

 

Medical

 

 

Total

 

Geographic net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

435.6

 

 

$

160.6

 

 

$

57.9

 

 

$

1.6

 

 

$

655.7

 

Europe & Africa

 

 

202.1

 

 

 

48.4

 

 

 

0.3

 

 

 

 

 

 

250.8

 

Asia

 

 

74.4

 

 

 

42.4

 

 

 

0.6

 

 

 

 

 

 

117.4

 

Total net sales

 

$

712.1

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

1,023.9

 

Timing of revenue recognition:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goods transferred at a point in time

 

$

675.4

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

987.2

 

Goods transferred over time

 

 

36.7

 

 

 

 

 

 

 

 

 

 

 

 

36.7

 

Total net sales

 

$

712.1

 

 

$

251.4

 

 

$

58.8

 

 

$

1.6

 

 

$

1,023.9

 

Customer Concentration

Sales to GM and Ford in the Automotive segment, either directly or through their tiered suppliers, are shown below.

 

 

Fiscal Year Ended

 

 

 

May 1,

2021

 

 

May 2,

2020

 

 

April 27,

2019

 

Percentage of Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

GM

 

 

27.5

%

 

 

26.8

%

 

 

35.5

%

Ford

 

 

8.8

%

 

 

10.7

%

 

 

11.6

%