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NET INCOME PER SHARE
 3 Months Ended
Jul. 28, 2012
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
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 stock compensation awards outstanding during the period.
 
The following table sets forth the computation of basic and diluted net income per share:
 
 
 
Three Months Ended
 
 
July 28,
2012
 
July 30,
2011
Numerator - net income attributable to Methode Electronics, Inc.
 
$
3,889

 
1,494

Denominator:
 
—

 
—

Denominator for basic net income per share-weighted average shares
 
37,391,831

 
37,277,306

Dilutive potential common shares
 
502,042

 
240,877

Denominator for diluted net income per share-adjusted weighted average shares and assumed conversions
 
37,893,873

 
37,518,183

Net income per share:
 
 

 
 

Basic and diluted
 
$
0.10

 
$
0.04


 
For the three months ended July 28, 2012 and July 30, 2011, options to purchase 761,685 shares and 129,935 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.