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NET INCOME/(LOSS) PER SHARE
 9 Months Ended
Jan. 28, 2012
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 net income per share is calculated after adjusting the denominator of the basic net 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
 
Nine Months Ended
 
 
January 28,
2012
 
January 29,
2011
 
January 28,
2012
 
January 29,
2011
Numerator - net income attributable to Methode Electronics, Inc.
 
$
809

 
5,883

 
2,615

 
9,435

Denominator:
 
—

 
—

 
 
 
 
Denominator for basic net income per share-weighted average shares
 
37,309,890

 
37,144,021

 
37,299,029

 
37,087,538

Dilutive potential common shares
 
230,332

 
497,114

 
223,446

 
319,399

Denominator for diluted net income per share adjusted weighted average shares and assumed conversions
 
37,540,222

 
37,641,135

 
37,522,475

 
37,406,937

Net income per share:
 
 

 
 

 
 
 
 
Basic and diluted
 
$
0.02

 
$
0.16

 
$
0.07

 
$
0.25

 
For the three months ended January 28, 2012, the nine months ended January 28, 2012 and the nine months ended January 29, 2011, options to purchase 962,662 shares, 834,412 shares and 394,842 shares, respectively, have been been excluded in the computation of net income per share because the exercise price was greater than the average market price for that period, and therefore, would have been anti-dilutive.