v3.26.1
Acquisition and Dispositions
12 Months Ended
May 02, 2026
Business Combination [Abstract]  
Acquisition and Dispositions

Note 3. Acquisitions and Dispositions

Dispositions

In the fourth quarter of fiscal 2026, the Company entered into and closed on an asset purchase agreement with a third-party pursuant to which the Company sold substantially all of the assets of its dataMate business (the “Transaction”). The aggregate consideration for the Transaction consists of a purchase price of $16.4 million, subject to customary working capital adjustments, and the Company recorded a gain on the sale of $11.2 million which was included in other expense (income), net on the Company’s consolidated statements of operations in the fourth quarter of fiscal 2026. The Company recorded transaction costs of $1.4 million which was included in selling and administrative expenses on the Company’s consolidated statements of operations in the fiscal year ended May 2, 2026. The sale of the dataMate business does not qualify as a discontinued operations as it does not represent a strategic shift that would have a major effect on the Company’s operations or financial results.

On April 30, 2026, the Company sold one of its locations to a third party pursuant to a purchase and sale agreement for a purchase price of $4.7 million. The Company recognized a gain on the transaction of $1.0 million in the fourth quarter of fiscal 2026, which was included in other expense (income), net on the consolidated statements of operations.

On the July 14, 2025, the Company sold a warehouse to a third party pursuant to a purchase and sale agreement for a purchase price of $1.3 million. The Company recognized a gain on the transaction of $0.5 million in the first quarter of fiscal 2026, which was included in other expense (income), net on the consolidated statements of operations.

In the first quarter of fiscal 2024, the Company made the decision to initiate the discontinuation of its Dabir Surfaces business in the Medical segment. On October 13, 2023, the Company sold certain assets and contracts of its Dabir Surfaces business to a third party for consideration of $1.5 million. In the second quarter of fiscal 2024, the Company recorded a loss on the sale, including transaction costs, of $0.6 million, which was included in other expense (income), net on the Company’s consolidated statements of operations. The discontinuation of the Dabir Surfaces business does not qualify as a discontinued operation as it does not represent a strategic shift that would have a major effect on the Company’s operations or financial results.

In fiscal 2024, the Company sold the company aircraft for a sales price of $19.4 million, generating a gain on sale of $2.4 million. The gain on sale was included in other expense (income), net on the consolidated statements of operations.