v3.26.1
Property, Plant and Equipment
12 Months Ended
May 02, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6. Property, Plant and Equipment

A summary of property, plant and equipment, net is shown below:

(in millions)

 

May 2, 2026

 

 

May 3, 2025

 

Land

 

$

2.6

 

 

$

3.3

 

Buildings and building improvements

 

 

101.9

 

 

 

104.6

 

Machinery and equipment

 

 

453.8

 

 

 

424.2

 

Construction in progress

 

 

35.5

 

 

 

47.9

 

Total property, plant and equipment, gross

 

 

593.8

 

 

 

580.0

 

Less: accumulated depreciation

 

 

(384.5

)

 

 

(358.4

)

Property, plant and equipment, net

 

$

209.3

 

 

$

221.6

 

Depreciation expense was $35.7 million, $35.1 million, and $33.9 million in fiscal 2026, fiscal 2025 and fiscal 2024, respectively. As of May 2, 2026, May 3, 2025 and April 27, 2024, capital expenditures recorded in accounts payable totaled $1.3 million, $3.3 million, and $6.1 million, respectively.