Segment Information and Geographic Area Information (Tables)

12 Months Ended

May 02, 2026

Segment Reporting [Abstract]

Schedule of Reportable Segments

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


		Fiscal Year Ended May 2, 2026 (52 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	489.2			$	583.6			$	27.2			$	—			$	(80.8	)		$	1,019.2
Transfers between segments			(21.5	)			(59.3	)			—				—				80.8				—
Net sales to unaffiliated customers			467.7				524.3				27.2				—				—				1,019.2
Cost of products sold			439.9				356.9				20.7				—				(0.5	)			817.0
Selling and administrative expenses			50.1				37.5				1.5				—				81.2				170.3
Amortization of intangibles			7.8				15.3				—				—				—				23.1
Income (loss) from operations		$	(30.1	)		$	114.6			$	5.0			$	—			$	(80.7	)		$	8.8
Interest expense, net																							23.3
Other expense (income), net																							(3.8	)
Pre-tax income (loss)																						$	(10.7	)

Purchases of property, plant and equipment		$	17.0			$	3.7			$	—			$	—			$	1.7			$	22.4

Depreciation expense		$	23.8			$	10.6			$	0.2			$	—			$	1.1			$	35.7


		Fiscal Year Ended May 3, 2025 (53 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	522.3			$	527.1			$	51.8			$	—			$	(53.1	)		$	1,048.1
Transfers between segments			(13.4	)			(39.7	)			—				—				53.1				—
Net sales to unaffiliated customers			508.9				487.4				51.8				—				—				1,048.1
Cost of products sold			504.2				343.2				39.1				—				(1.8	)			884.7
Selling and administrative expenses			43.3				39.9				2.4				—				78.3				163.9
Amortization of intangibles			9.1				14.3				—				—				—				23.4
Income (loss) from operations		$	(47.7	)		$	90.0			$	10.3			$	—			$	(76.5	)		$	(23.9	)
Interest expense, net																							22.0
Other expense (income), net																							4.2
Pre-tax income (loss)																						$	(50.1	)

Purchases of property, plant and equipment		$	33.2			$	8.3			$	—			$	—			$	0.1			$	41.6

Depreciation expense		$	24.9			$	8.8			$	0.2			$	—			$	1.2			$	35.1


		Fiscal Year Ended April 27, 2024 (52 Weeks)
(in millions)		Automotive				Industrial				Interface				Medical				Eliminations/ Corporate				Consolidated
Net sales		$	610.6			$	493.4			$	53.9			$	2.4			$	(45.8	)		$	1,114.5
Transfers between segments			(12.4	)			(33.3	)			(0.1	)			—				45.8				—
Net sales to unaffiliated customers			598.2				460.1				53.8				2.4				—				1,114.5
Cost of products sold			567.8				322.4				43.5				2.6				(0.6	)			935.7
Selling and administrative expenses			55.5				34.1				3.4				2.8				65.1				160.9
Goodwill impairment			105.9				—				—				—				—				105.9
Amortization of intangibles			9.2				14.8				—				—				—				24.0
Income (loss) from operations		$	(140.2	)		$	88.8			$	6.9			$	(3.0	)		$	(64.5	)		$	(112.0	)
Interest expense, net																							16.7
Other expense (income), net																							(0.6	)
Pre-tax income (loss)																						$	(128.1	)

Purchases of property, plant and equipment		$	41.4			$	7.4			$	0.8			$	—			$	0.6			$	50.2

Depreciation expense		$	23.2			$	7.9			$	0.3			$	0.2			$	2.3			$	33.9

Schedule of Geographic Financial Information

The following tables set forth net sales and tangible long-lived assets by geographic area where the Company operates. Tangible long-lived assets include property, plant and equipment and operating lease assets:


		Fiscal Year Ended
		May 2, 2026				May 3, 2025				April 27, 2024
(in millions)		(52 Weeks)				(53 Weeks)				(52 Weeks)
Net sales:
U.S.		$	378.3			$	445.2			$	475.6
Malta			204.2				202.0				179.5
Finland			69.1				58.2				66.5
China			124.3				125.9				196.3
Egypt			124.9				99.9				73.5
Other			118.4				116.9				123.1
Total net sales		$	1,019.2			$	1,048.1			$	1,114.5

(in millions)		May 2, 2026				May 3, 2025
Tangible long-lived assets, net:
U.S.		$	57.0			$	71.7
Malta			40.2				42.5
Egypt			52.0				45.9
China			21.0				22.6
Mexico			19.2				19.6
Belgium			20.3				20.3
Other			20.1				22.7
Total tangible long-lived assets, net		$	229.8			$	245.3