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Summary of Quarterly Results of Operations (Unaudited)
 12 Months Ended
Apr. 27, 2013
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations (Unaudited)
Summary of Quarterly Results of Operations (Unaudited)
 
The following is a summary of unaudited quarterly results of operations for the years ended April 27, 2013 and April 28, 2012:

 
Fiscal 2013
Quarter Ended
 
July 28
 
October 27
 
January 26
 
April 27
Net sales
$
118,737

 
$
129,758

 
$
122,982

 
$
148,359

Gross profit
21,466

 
22,292

 
20,033

 
27,845

Net income attributable to Methode Electronics, Inc.
3,889

 
23,363

 
3,325

 
10,161

Net income per basic common share
$
0.10

 
$
0.62

 
$
0.09

 
$
0.28

Net income per diluted common share
$
0.10

 
$
0.62

 
$
0.09

 
$
0.27


 
Fiscal 2012
Quarter Ended
 
July 30
 
October 29
 
January 28
 
April 28
Net sales
$
110,804

 
$
115,890

 
$
112,000

 
$
126,401

Gross profit
19,980

 
20,918

 
19,254

 
22,962

Net income attributable to Methode Electronics, Inc.
1,494

 
311

 
809

 
5,769

Net income per basic and diluted common share
$
0.04

 
$
0.01

 
$
0.02

 
$
0.15



 Significant Items for Fiscal 2013
 
The second quarter of fiscal 2013 includes pre-tax income from Delphi settlement of $20,000. The fourth quarter of fiscal 2013 includes a goodwill impairment charge of $4,326 related to our Eetrex reporting unit in the Power Products segment.

Significant Items for Fiscal 2012
 
The first, second, third and fourth quarter of fiscal 2012 includes pre-tax legal fees relating to the Delphi supply agreement and patent lawsuit of $1,047, $1,185, $530 and $940, respectively.

Significant Items for Fiscal 2011
 
The second quarter of fiscal 2011 includes a pre-tax charge of $3,834 for litigation regarding unsecured claims related to the Delphi bankruptcy. The litigation was settled in the third quarter of fiscal 2011 for $2,068, resulting in a reversal of expense of $1,766. The fourth quarter of fiscal 2011 includes an after tax gain on the sale of a business of $655. In addition, the first, second, third and fourth quarter of fiscal 2011 includes pre-tax legal fees relating to the Delphi supply agreement and patent lawsuit of $1,474, $924, $1,123 and $1,247, respectively.