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NET INCOME/(LOSS) PER SHARE
12 Months Ended
Apr. 28, 2012
NET INCOME/(LOSS) PER SHARE [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share Attributable to Methode Shareholders
 
Basic earnings per share attributable to Methode shareholders ("basic earnings per share") is calculated by dividing net earnings by the weighted average number of common shares outstanding for the applicable period.  Diluted income per share attributable to Methode shareholders ("diluted earnings per share") is calculated after adjusting the denominator of the basic income per share calculation for the effect of all potential dilutive common shares outstanding during the period.
 
The following table sets forth the computation of basic and diluted earnings per share: 
 
Fiscal Year Ended
 
April 28,
2012
 
April 30,
2011
 
May 1,
2010
Numerator:
 
 
 
 
 
Income from continuing operations, net of tax
$
8,383

 
$
18,845

 
$
13,655

Income from discontinued operations, net of tax

 
655

 

Net income attributable to Methode Electronics, Inc.
$
8,383

 
$
19,500

 
$
13,655

 
 
 
 
 
 
Denominator:
 

 
 

 
 

Denominator for basic earnings per share-weighted average shares
37,366,505

 
37,128,157

 
36,711,925

Dilutive potential common shares-employee and director stock options, restricted stock awards and restricted stock units
225,475

 
710,511

 
219,679

Denominator for diluted earnings per share adjusted weighted average shares and assumed conversions
37,591,980

 
37,838,668

 
36,931,604

 
 
 
 
 
 
Basic income per share:
 

 
 

 
 

Continuing operations
$
0.22

 
$
0.51

 
$
0.37

Discontinued operations
$

 
$
0.02

 
$

Basic income per share
$
0.22

 
$
0.53

 
$
0.37

 
 
 
 
 
 
Diluted income per share:
 
 
 
 
 
Continuing operations
$
0.22

 
$
0.50

 
$
0.37

Discontinued operations
$

 
$
0.02

 
$

Diluted income per share
$
0.22

 
$
0.52

 
$
0.37

 
Options to purchase 834,412, 135,990 and 369,651 shares of common stock were outstanding at April 28, 2012, April 30, 2011 and May 1, 2010, respectively, but were not included in the computation of diluted earnings per share because the exercise price was greater than the average market price of the common shares; therefore, the effect would have been anti-dilutive.