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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
May 03, 2014
Apr. 27, 2013
Apr. 28, 2012
Net sales $ 772.8 $ 519.8 $ 465.1
Cost of products sold 616.1 428.2 382.0
Gross profit 156.7 91.6 83.1
Impairment of goodwill and intangible assets 1.7 4.3 0
Income from settlement 0 (20.0) 0
Selling and administrative expenses 79.6 66.3 69.9
Amortization of intangible assets 1.8 1.8 1.8
Income from operations 73.6 39.2 11.4
Interest (income)/expense, net 0.3 0 (0.3)
Other (income)/expense (2.6) 1.3 0.3
Income before income taxes 75.9 37.9 11.4
Income tax expense/(benefit) (20.3) (2.5) 3.2
Net income 96.2 40.4 8.2
Less: Net income/(loss) attributable to noncontrolling interest 0.1 (0.3) (0.2)
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC. $ 96.1 $ 40.7 $ 8.4
Basic and diluted income per share:      
Basic income per share (in dollars per share) $ 2.53 $ 1.09 $ 0.22
Diluted income per share (in dollars per share) $ 2.51 $ 1.08 $ 0.22
Cash dividends per share:      
Common stock $ 0.30 $ 0.28 $ 0.28