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Condensed consolidated balance sheets (USD $)
In Thousands, unless otherwise specified
Jan. 28, 2012
Apr. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 76,811 $ 57,445
Accounts receivable, net 86,133 88,036
Inventories:    
Finished products 6,802 6,271
Work in process 14,484 10,981
Materials 22,669 21,305
Net Inventory 43,955 38,557
Deferred income taxes 3,575 3,778
Prepaid and refundable income taxes 881 851
Prepaid expenses and other current assets 8,468 7,294
TOTAL CURRENT ASSETS 219,823 195,961
PROPERTY, PLANT AND EQUIPMENT 266,397 298,254
Less allowances for depreciation 197,203 236,743
Net Property, Plant, and Equipment 69,194 61,511
GOODWILL 16,422 16,422
INTANGIBLE ASSETS, net 17,063 18,423
PRE-PRODUCTION COSTS 18,357 14,645
OTHER ASSETS 27,188 27,782
Total Other Long Term Assets 79,030 77,272
TOTAL ASSETS 368,047 334,744
CURRENT LIABILITIES    
Accounts payable 41,674 37,152
Other current liabilities 26,982 26,335
TOTAL CURRENT LIABILITIES 68,656 63,487
LONG-TERM DEBT 39,500 0
OTHER LIABILITIES 4,373 5,619
DEFERRED COMPENSATION 4,560 4,494
NON-CONTROLLING INTEREST 403 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 January 28, 2012 and April 30, 2011, respectively 19,182 19,156
Additional paid-in capital 76,741 72,113
Accumulated other comprehensive income 14,993 23,152
Treasury stock, 1,342,188 shares as of January 28, 2012 and April 30, 2011 (11,377) (11,377)
Retained earnings 150,832 155,989
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 250,371 259,033
Noncontrolling interest 184 2,111
TOTAL EQUITY 250,555 261,144
TOTAL LIABILITIES AND EQUITY $ 368,047 $ 334,744