Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. A summary of changes in AOCI(L), net of tax is shown below:


	Three Months Ended August 1, 2026 (13 Weeks)
(in millions)	Currency translation adjustments			Derivative instruments			Total
Balance at beginning of period	$	(10.3	)	$	1.5		$	(8.8	)
Other comprehensive income (loss)		(3.2	)		0.5			(2.7	)
Tax (expense) benefit		0.2			(0.1	)		0.1
Net other comprehensive income (loss)		(3.0	)		0.4			(2.6	)
Balance at the end of period	$	(13.3	)	$	1.9		$	(11.4	)


	Three Months Ended August 2, 2025 (13 Weeks)
(in millions)	Currency translation adjustments			Derivative instruments			Total
Balance at beginning of period	$	(28.2	)	$	(1.6	)	$	(29.8	)
Other comprehensive income (loss)		6.2			0.7			6.9
Tax (expense) benefit		0.1			(0.2	)		(0.1	)
Net other comprehensive income (loss)		6.3			0.5			6.8
Balance at the end of period	$	(21.9	)	$	(1.1	)	$	(23.0	)

Currency translation adjustments include a gross gain of approximately $3.1 million related to a fixed-rate, cross-currency swap that was designated as a net investment hedge that settled in a prior period. The gain will remain in AOCI(L) until the hedged net investment is sold or substantially liquidated.

The Company has granted restricted stock units (“RSUs”), performance stock units (“PSUs”) and stock awards to employees and non-employee directors under its long-term incentive compensation plans.

All stock-based awards to employees and non-employee directors are recognized in selling and administrative expenses on the condensed consolidated statements of operations. The table below summarizes the stock-based compensation expense related to the equity awards:


	Three Months Ended
	August 1, 2026		August 2, 2025
(in millions)	(13 Weeks)		(13 Weeks)
RSUs	$	1.4	$	0.9
PSUs		0.7		0.3
Total stock-based compensation expense	$	2.1	$	1.2

RSUs granted vest over a pre-determined period of time, up to five years from the date of grant. The fair value of the RSUs granted are based on the closing stock price on the date of grant and earn dividend equivalents during the vesting periods, which are forfeitable if the RSUs do not vest. Awards subject to graded vesting are recognized using the accelerated recognition method over the requisite service period.

The following table summarizes RSU activity:


	Restricted stock units			Weighted average grant date fair value
Non-vested at May 2, 2026		1,197,313		$	7.67
Awarded		13,656		$	11.57
Vested		(71,716	)	$	8.79
Forfeited		—		$	—
Non-vested at August 1, 2026		1,139,253		$	7.65

As of August 1, 2026, unrecognized share-based compensation expense for RSUs was $3.3 million which will be recognized over a weighted-average amortization period of 1.4 years.

The PSUs granted vest on the third anniversary of the grant date based on a cumulative three-year performance period relative to established goals for threshold, target and maximum performance. The performance measures are based on return on invested capital (“ROIC”) and annualized total stockholder return (“TSR”) measures, in each case through the end of the applicable performance period. The PSUs earn dividend equivalents during the vesting periods, which are forfeitable if the PSUs do not vest.

The fair value of the PSUs based on an ROIC measure (“ROIC PSUs”) is based on the closing stock price on the date of grant. Compensation expense is recognized when it is probable that the target performance criteria will be achieved. The Company assesses the probability of vesting at each balance sheet date and adjusts compensation expense based on the probability assessment.

The Company estimated the grant date fair value of its PSUs based on a TSR performance measure using a Monte Carlo simulation model, as the TSR metric and changes in stock price are considered market conditions under ASC 718, “Compensation - Stock Compensation.” Compensation expense is recognized ratably over the performance period based on the awards grant date fair value.

The following table summarizes PSU activity:


	Performance stock units			Weighted average grant date fair value
Non-vested at May 2, 2026		1,013,262		$	8.33
Awarded		—		$	—
Vested		—		$	—
Forfeited		(20,152	)	$	7.63
Non-vested at August 1, 2026		993,110		$	8.34

As of August 1, 2026, unrecognized share-based compensation expense for the PSUs was $4.0 million, which is expected to be recognized over a weighted average period of approximately 1.7 years.

As of May 3, 2025, the Company had 710,349 RSAs outstanding which were subject to the achievement of an EBITDA measure for fiscal 2025. The EBITDA performance measure for fiscal 2025 was not met and the outstanding RSAs were cancelled during the three months ended August 2, 2025.

The Company grants stock awards to its non-employee directors as a component of their compensation. The stock awards vest immediately upon grant. Prior to December 2025, non-employee directors could have elected to defer receipt of their shares under the Company’s non-qualified deferred compensation plan. During the third quarter of fiscal year 2026, the Company terminated its deferred compensation plan and it is expected to be fully liquidated by January 2027.

The following table summarizes awards granted to non-employee directors:


	Non-employee director awards		Deferred non-employee director awards		Total		Weighted average grant date fair value
Outstanding at May 2, 2026		—		197,223		197,223	$	18.80
Awarded		—		705		705	$	13.99
Issued		—		—		—	$	—
Outstanding at August 1, 2026		—		197,928		197,928	$	18.78

The Company paid dividends totaling $1.8 million and $2.8 million in the three months ended August 1, 2026 and August 2, 2025, respectively. Dividends equivalent payments for vested share-based compensation awards was not significant in the three months ended August 1, 2026, and $0.3 million in the three months ended August 2, 2025.