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NET INCOME/(LOSS) PER SHARE
 3 Months Ended
Jul. 30, 2011
NET INCOME/(LOSS) PER SHARE [Abstract]  
Earnings Per Share [Text Block]
NET INCOME PER SHARE
 
Basic net income per share is calculated by dividing net income by the weighted average number of common shares outstanding for the applicable period.  Diluted income per share is calculated after adjusting the denominator of the basic income per share calculation for the effect of all potentially dilutive common shares outstanding during the period.
 
The following table sets forth the computation of basic and diluted net income per share:
 
 
 
Three Months Ended
 
 
July 30,

2011
 
July 31,

2010
Numerator - net income attributable to Methode Electronics, Inc.
 
$
1,494


 
4,065


Denominator:
 
—


 
—


Denominator for basic income per share-weighted average shares
 
37,277,306


 
37,045,771


Dilutive potential common shares-employee stock options
 
240,877


 
243,900


Denominator for diluted loss per share adjusted weighted average shares and assumed conversions
 
37,518,183


 
37,289,671


Net income per share:
 
 


 
 


Basic and diluted
 
$
0.04


 
$
0.11


 
For the three months ended July 30, 2011, options to purchase 129,935 shares of common stock at a weighted-average exercise price of $11.44 per share were outstanding, but were not included in the computation of net income per share because the exercise prices were greater than the average market price of $11.01 for our common stock for the first three months of fiscal 2012, and, therefore, the effect would have been anti-dilutive. For the three months ended July 31, 2010, options to purchase 395,867 shares of common stock at a weighted-average exercise price of $10.84 per share were outstanding, but were not included in the computation of net income per share because the exercise prices were greater than the average market price of $10.37 for our common stock for the first three months of fiscal 2011, and, therefore, the effect would have been anti-dilutive.