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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Oct. 26, 2013
Oct. 27, 2012
Oct. 26, 2013
Oct. 27, 2012
Net sales $ 190,914 $ 129,758 $ 358,180 $ 248,496
Cost of products sold 149,531 107,466 282,816 204,737
Gross profit 41,383 22,292 75,364 43,759
Selling and administrative expenses 19,649 15,177 38,502 32,474
Income from settlement 0 (20,000) 0 (20,000)
Income from operations 21,734 27,115 36,862 31,285
Interest expense, net 117 53 177 7
Other expense, net 368 536 493 495
Income before income taxes 21,249 26,526 36,192 30,783
Income tax expense 1,438 3,234 2,738 3,664
Net income 19,811 23,292 33,454 27,119
Less: Net income/(loss) attributable to noncontrolling interest 9 (71) 41 (132)
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC. $ 19,802 $ 23,363 $ 33,413 $ 27,251
Amounts per common share attributable to Methode Electronics, Inc.:        
Basic (in dollars per share) $ 0.52 $ 0.62 $ 0.89 $ 0.73
Diluted (in dollars per share) $ 0.51 $ 0.62 $ 0.87 $ 0.72
Cash dividends:        
Common stock $ 0.07 $ 0.07 $ 0.14 $ 0.14
Weighted average number of Common Shares outstanding:        
Basic 37,718,643 37,413,490 37,635,238 37,402,660
Diluted 38,486,370 37,975,559 38,348,040 37,920,732