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Condensed consolidated balance sheets (USD $)
In Thousands
Jul. 30, 2011
Apr. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 84,426 $ 57,445
Accounts receivable, net 83,996 88,036
Inventories:    
Finished products 7,703 6,271
Work in process 12,436 10,981
Materials 20,263 21,305
Net Inventory 40,402 38,557
Deferred income taxes 3,735 3,778
Prepaid and refundable income taxes 829 851
Prepaid expenses and other current assets 9,280 7,294
TOTAL CURRENT ASSETS 222,668 195,961
PROPERTY, PLANT AND EQUIPMENT 298,359 298,254
Less allowances for depreciation 236,471 236,743
Net Property, Plant, and Equipment 61,888 61,511
GOODWILL 16,422 16,422
INTANGIBLE ASSETS, net 17,961 18,423
PRE-PRODUCTION COSTS 14,923 14,645
OTHER ASSETS 27,345 27,782
Total Other Long Term Assets 76,651 77,272
TOTAL ASSETS 361,207 334,744
CURRENT LIABILITIES    
Accounts payable 37,772 37,152
Other current liabilities 27,024 25,703
TOTAL CURRENT LIABILITIES 64,796 62,855
LONG-TERM DEBT 27,000 0
OTHER LIABILITIES 5,279 8,138
DEFERRED COMPENSATION 4,773 2,607
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,363,078 and 38,312,243 shares issued as of July 30, 2011 and April 30, 2011, respectively 19,182 19,156
Additional paid-in capital 74,002 72,113
Accumulated other comprehensive income 21,195 23,152
Treasury stock, 1,342,188 shares as of July 30, 2011 and April 30, 2011 (11,377) (11,377)
Retained earnings 154,894 155,989
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 257,896 259,033
Noncontrolling interest 1,463 2,111
TOTAL EQUITY 259,359 261,144
TOTAL LIABILITIES AND EQUITY $ 361,207 $ 334,744