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Condensed consolidated balance sheets (USD $)
In Thousands, unless otherwise specified
Oct. 29, 2011
Apr. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 75,548 $ 57,445
Accounts receivable, net 96,092 88,036
Inventories:    
Finished products 7,212 6,271
Work in process 12,097 10,981
Materials 21,268 21,305
Net Inventory 40,577 38,557
Deferred income taxes 3,728 3,778
Prepaid and refundable income taxes 881 851
Prepaid expenses and other current assets 9,029 7,294
TOTAL CURRENT ASSETS 225,855 195,961
PROPERTY, PLANT AND EQUIPMENT 266,251 298,254
Less allowances for depreciation 199,263 236,743
Net Property, Plant, and Equipment 66,988 61,511
GOODWILL 16,422 16,422
INTANGIBLE ASSETS, net 17,533 18,423
PRE-PRODUCTION COSTS 16,084 14,645
OTHER ASSETS 27,316 27,782
Total Other Long Term Assets 77,355 77,272
TOTAL ASSETS 370,198 334,744
CURRENT LIABILITIES    
Accounts payable 40,712 37,152
Other current liabilities 25,912 26,335
TOTAL CURRENT LIABILITIES 66,624 63,487
LONG-TERM DEBT 36,500 0
OTHER LIABILITIES 4,793 5,619
DEFERRED COMPENSATION 4,801 4,494
NON-CONTROLLING INTEREST 422 0
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,363,078 and 38,312,243 shares issued as of October 29, 2011 and April 30, 2011, respectively 19,182 19,156
Additional paid-in capital 75,588 72,113
Accumulated other comprehensive income 20,849 23,152
Treasury stock, 1,342,188 shares as of October 29, 2011 and April 30, 2011 (11,377) (11,377)
Retained earnings 152,614 155,989
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 256,856 259,033
Noncontrolling interest 202 2,111
TOTAL EQUITY 257,058 261,144
TOTAL LIABILITIES AND EQUITY $ 370,198 $ 334,744