v3.25.4
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of the Changes in the Carrying Amount of Goodwill by Segment A summary of the changes in the carrying amount of goodwill by reportable segment is as follows:

(in millions)

 

Automotive

 

 

Industrial

 

 

Total

 

Net Goodwill Balance as of May 3, 2025

 

$

—

 

 

$

172.7

 

 

$

172.7

 

 

 

 

 

 

 

 

 

 

 

Gross Goodwill Balance as of May 3, 2025

 

 

105.9

 

 

 

172.7

 

 

 

278.6

 

Foreign Currency Translation

 

 

—

 

 

 

2.8

 

 

 

2.8

 

Gross Goodwill Balance as of January 31, 2026

 

 

105.9

 

 

 

175.5

 

 

 

281.4

 

Accumulated impairment

 

 

(105.9

)

 

 

—

 

 

 

(105.9

)

Net Goodwill Balance as of January 31, 2026

 

$

—

 

 

$

175.5

 

 

$

175.5

 
Summary of Goodwill by Reporting Unit

A summary of goodwill by reporting unit is as follows:

(in millions)

 

January 31, 2026

 

 

May 3, 2025

 

Grakon Industrial

 

$

125.1

 

 

$

124.7

 

Nordic Lights

 

 

48.7

 

 

 

46.4

 

Other

 

 

1.7

 

 

 

1.6

 

Total

 

$

175.5

 

 

$

172.7

 

 
Schedule of Other Intangible Assets, Net

Details of identifiable intangible assets are shown below:

 

 

January 31, 2026

 

(in millions)

 

Gross

 

 

Accumulated
amortization

 

 

Net

 

 

Weighted average remaining useful life (years)

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships and agreements

 

$

316.7

 

 

$

(116.1

)

 

$

200.6

 

 

 

13.4

 

Trade names, patents and technology licenses

 

 

77.6

 

 

 

(54.4

)

 

 

23.2

 

 

 

5.8

 

Total amortized intangible assets

 

 

394.3

 

 

 

(170.5

)

 

 

223.8

 

 

 

 

Unamortized trade name

 

 

1.8

 

 

 

—

 

 

 

1.8

 

 

 

 

Total other intangible assets

 

$

396.1

 

 

$

(170.5

)

 

$

225.6

 

 

 

 

 
Schedule of Estimated Aggregate Amortization Expense of Intangible Assets

Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

(in millions)

 

 

 

Fiscal Year:

 

 

 

Remainder of fiscal 2026

 

$

5.7

 

2027

 

 

22.6

 

2028

 

 

20.3

 

2029

 

 

19.0

 

2030

 

 

18.0

 

Thereafter

 

 

138.2

 

Total

 

$

223.8