XML 44 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.6

COMMON STOCK AND STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Oct. 27, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Common Stock Outstanding Roll Forward | The following table sets forth the changes in the number of issued shares of common stock during the six-month periods presented:
|  | Six Months Ended
|  | October 27, 2012 |  | October 29, 2011
Balance at the beginning of the period |  | 38,375,678 |  |  | 38,312,243 |
Options exercised |  | — |  |  | 21,975 |
Restricted stock awards vested |  | 27,000 |  |  | 28,860 |
Balance at the end of the period |  | 38,402,678 |  |  | 38,363,078 |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The table below summarizes the expense for the three months and six months ended October 27, 2012 and October 29, 2011.
| Compensation Expense
| Three Months Ended |  | Six Months Ended
| October 27, 2012 |  | October 29, 2011 |  | October 27, 2012 |  | October 29, 2011
2010 Stock Plan: |  |  |  |  |  |  |
RSAs | $ | 366 |  |  | $ | 349 |  |  | $ | 732 |  |  | $ | 670 |
RSUs | 132 |  |  | 228 |  |  | 264 |  |  | 455 |
Stock options | 143 |  |  | 141 |  |  | 276 |  |  | 250 |
Total 2010 Stock Plan | $ | 641 |  |  | $ | 718 |  |  | $ | 1,272 |  |  | $ | 1,375 |
2007 Stock Plan: |  |  |  |  |  |  |
RSAs | $ | — |  |  | $ | — |  |  | $ | 233 |  |  | $ | 309 |
Stock options | 115 |  |  | 131 |  |  | 242 |  |  | 275 |
Total 2007 Stock Plan | $ | 115 |  |  | $ | 131 |  |  | $ | 475 |  |  | $ | 584 |
Total Compensation Expense | $ | 756 |  |  | $ | 849 |  |  | $ | 1,747 |  |  | $ | 1,959 |
2010 Stock Plan | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options granted under the 2010 Stock Plan for the six months ended October 27, 2012:
|  | Summary of Option Activity
|  | Shares |  | Wtd. Avg. Exercise Price
Outstanding at April 28, 2012 |  | 240,000 |  |  | $ | 9.97 |
Granted |  | 120,000 |  |  | 8.64 |
Exercised |  | — |  |  | — |
Cancelled |  | — |  |  | — |
Outstanding at October 27, 2012 |  | 360,000 |  |  | $ | 9.53 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding |
Options Outstanding at October 27, 2012
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 120,000 |  |  | 8.1 |
$ | 10.70 |  |  | 120,000 |  |  | 8.8 |
$ | 8.64 |  |  | 120,000 |  |  | 9.8 |
$ | 9.53 |  |  | 360,000 |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable |
Options Exercisable at October 27, 2012
Average Exercise Price |  | Shares |  | Avg. Remaining Life (Years)
$ | 9.24 |  |  | 80,000 |  |  | 8.1 |
$ | 10.70 |  |  | 40,000 |  |  | 8.8 |
$ | 9.73 |  |  | 120,000 |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | We estimated the fair value of our employee stock options on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
| Fiscal 2013 | Fiscal 2012
| Awards | Awards
Average expected volatility | 66.15 | % | 52.76 | %
Average risk-free interest rate | 0.39 | % | 0.63 | %
Dividend yield | 2.94 | % | 2.66 | %
Expected life of options (in years) | 7.18 |  | 7.03 |
Weighted-average grant-date fair value | $ | 4.13 |  | $ | 4.27 |
2010 Stock Plan | Restricted Stock Awards (RSA's) and Restricted Stock Units (RSU's) |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following table summarizes the RSA and RSU activity for the six months ended October 27, 2012 for the RSA's and RSU's granted under the 2010 Stock Plan:
| RSA Shares | RSU Shares
Unvested and unissued at April 28, 2012 | 740,000 |  | 180,000 |
Awarded | — |  | — |
Vested | — |  | — |
Forfeited and cancelled | — |  | — |
Unvested and unissued at October 27, 2012 | 740,000 |  | 180,000 |
Schedule Of Share-based Compensation, Restricted Stock And Restricted Stock Units Details, By Grant Year And Vesting Period |
|  | Number of Shares Granted, less Forfeitures |  |  |  | Weighted Average Value |  | Probable Unearned Compensation Expense at |  | Target Unearned Compensation Expense at
Grant Fiscal Year |  |  | Vesting Period |  |  | October 27, 2012 |  | October 27, 2012
2011 |  | 640,000 |  |  | 5-year cliff, performance based |  | $ | 9.70 |  |  | $ | 3,239 |  |  | $ | 3,239 |
2011 |  | 304,000 |  |  | 5-year, equal annual installments |  | 9.70 |  |  | 690 |  |  | N/A |
2012 |  | 100,000 |  |  | One-third per year, beginning in fiscal 2015, performance based |  | 8.10 |  |  | 564 |  |  | 564 |
2007 Stock Plan | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options granted under the 2007 Stock Plan for the six months ended October 27, 2012:
|  | Summary of Option Activity
|  |  |  | Wtd. Avg.
|  | Shares |  | Exercise Price
Outstanding at April 28, 2012 |  | 738,000 |  |  | $ | 5.79 |
Granted |  | 42,500 |  |  | 8.64 |
Exercised |  | — |  |  | — |
Cancelled |  | — |  |  | — |
Outstanding at October 27, 2012 |  | 780,500 |  |  | $ | 5.95 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding |
Options Outstanding at October 27, 2012
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 285,000 |  |  | 6.5 |
$ | 6.46 |  |  | 260,000 |  |  | 6.8 |
$ | 8.13 |  |  | 35,500 |  |  | 7.2 |
$ | 10.55 |  |  | 105,000 |  |  | 7.8 |
$ | 8.10 |  |  | 52,500 |  |  | 9.0 |
$ | 8.64 |  |  | 42,500 |  |  | 9.8 |
$ | 5.95 |  |  | 780,500 |  |  |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable |
Options Exercisable at October 27, 2012
|  |  |  | Avg.
|  |  |  | Remaining
Average Exercise Price |  | Shares |  | Life (Years)
$ | 2.72 |  |  | 285,000 |  |  | 6.5 |
$ | 6.46 |  |  | 260,000 |  |  | 6.8 |
$ | 8.10 |  |  | 17,500 |  |  | 9.0 |
$ | 4.62 |  |  | 562,500 |  |  |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | We estimated the fair value of our employee stock options on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
| Fiscal 2013 |  | Fiscal 2012
| Awards |  | Awards
Average expected volatility | 66.15 | % |  | 63.55 | %
Average risk-free interest rate | 0.39 | % |  | 0.35 | %
Dividend yield | 2.94 | % |  | 2.84 | %
Expected life of options (in years) | 7.18 |  |  | 7.03 |
Weighted-average grant-date fair value | $ | 4.13 |  |  | $ | 3.75 |
2000 and 2004 Stock Plans | Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Share-based Compensation, Stock Options, Activity | The following tables summarize the stock option activity and related information for the stock options outstanding under the 2000 and 2004 Stock Plans for the six months ended October 27, 2012:
|  | Summary of Option Activity
|  |  |  | Wtd. Avg.
|  | Shares |  | Exercise Price
Outstanding at April 28, 2012 |  | 251,365 |  |  | $ | 10.96 |
Exercised |  | — |  |  | — |
Expired |  | (128,105 | ) |  | 10.50 |
Outstanding at October 27, 2012 |  | 123,260 |  |  | $ | 11.44 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable |
Options Outstanding and Exercisable at October 27, 2012
|  |  |  | Avg.
|  |  |  | Remaining
Exercise Price |  | Shares |  | Life (Years)
$ | 11.44 |  |  | 123,260 |  |  | 0.7 |

X
- Definition Schedule Of Share-based Compensation, Restricted Stock And Restricted Stock Units Details, By Grant Year And Vesting Period [Table Text Block] + References No definition available. + Details
Name: | mei_ScheduleOfShareBasedCompensationRestrictedStockAndRestrictedStockUnitsDetailsByGrantYearAndVestingPeriodTableTextBlock
Namespace Prefix: | mei_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the following for fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position: the number, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term of options (or share units) currently exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of fully vested share options (or share units) and share options expected to vest at the date of the latest statement of financial position, weighted-average exercise price (or conversion ratio), aggregate intrinsic value (except for nonpublic entities), and weighted-average remaining contractual term for both options (or share units) currently outstanding and options (or share units) exercisable (or convertible). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration