Schedule II - Valuation and Qualifying Accounts (Notes)

12 Months Ended

May 03, 2014

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

METHODE ELECTRONICS, INC. AND SUBSIDIARIES

(in millions)



COL. A	COL. B		COL. C								COL. D.			COL. E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses				Charged to Other Accounts— Describe				Deductions— Describe			Balance at End of Period

YEAR ENDED May 3, 2014:
Reserves and allowances deducted from asset accounts:
Allowance for uncollectible accounts	$	1.0	$	—			$	—			$	0.3	(2)	$	0.7
Deferred tax valuation allowance	42.4		1.9		(3)		2.3			(1)	32.6		(6)	14.0

YEAR ENDED APRIL 28, 2013:
Reserves and allowances deducted from asset accounts:
Allowance for uncollectible accounts	$	1.3	$	0.1			$	—		(1)	$	0.4	(2)	$	1.0
Deferred tax valuation allowance	57.3		—				—				14.9		(3)	42.4

YEAR ENDED APRIL 28, 2012:
Reserves and allowances deducted from asset accounts:
Allowance for uncollectible accounts	$	1.1	$	0.5			$	—		(1)	$	0.3	(2)	$	1.3
Deferred tax valuation allowance	54.0		14.8		(4	)	(1.3		)	(1)	10.2		(5)	57.3

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(1) Impact of foreign currency translation and other reclassifications.

(2) Uncollectible accounts written off, net of recoveries.

(3) Primarily represents changes in Malta valuation allowance and changes in temporary items.

(4) Primarily due to increased net operating losses in the U.S.

(5) Primarily due to the change in permanent reinvestment assertion for a planned discrete dividend from a foreign subsidiary.

(6) Represents release of the U.S. valuation allowance.