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Income Per Share Attributable to Methode Shareholders
 12 Months Ended
Apr. 27, 2013
Earnings Per Share [Abstract]  
Income Per Share Attributable to Methode Shareholders
Per Share Attributable to Methode Shareholders
 
Basic income 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 income 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 income per share: 
 
Fiscal Year Ended
 
April 27,
2013
 
April 28,
2012
 
April 28,
2011
Numerator:
 
 
 
 
 
Income from continuing operations, net of tax
$
40,738

 
$
8,383

 
$
18,845

Income from discontinued operations, net of tax
—

 
—

 
655

Net income attributable to Methode Electronics, Inc.
$
40,738

 
$
8,383

 
$
19,500

 
 
 
 
 
 
Denominator:
 

 
 
 
 

Denominator for basic earnings per share-weighted average shares
37,406,386

 
37,366,505

 
37,128,157

Dilutive potential common shares-employee and director stock options, restricted stock awards and restricted stock units
480,240

 
225,475

 
710,511

Denominator for diluted earnings per share adjusted weighted average shares and assumed conversions
37,886,626

 
37,591,980

 
37,838,668

 
 
 
 
 
 
Basic income per share:
 

 
 
 
 

Continuing operations
$
1.09

 
$
0.22

 
$
0.51

Discontinued operations
$
—

 
$
—

 
$
0.02

Basic income per share
$
1.09

 
$
0.22

 
$
0.53

 
 
 
 
 
 
Diluted income per share:
 
 
 
 
 
Continuing operations
$
1.08

 
$
0.22

 
$
0.50

Discontinued operations
$
—

 
$
—

 
$
0.02

Diluted income per share
$
1.08

 
$
0.22

 
$
0.52


 
Options to purchase 297,585, 834,412 and 135,990 shares of common stock were outstanding at April 27, 2013, April 28, 2012 and April 30, 2011, 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.