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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Aug. 02, 2014
May 03, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 135.7 $ 116.4
Accounts receivable, net 156.7 173.0
Inventories:    
Finished products 16.9 14.2
Work in process 12.5 12.0
Materials 44.7 45.4
Net inventory 74.1 71.6
Deferred income taxes 6.1 8.7
Prepaid expenses and other current assets 12.9 12.0
TOTAL CURRENT ASSETS 385.5 381.7
PROPERTY, PLANT AND EQUIPMENT 324.2 323.6
Less allowances for depreciation 224.7 222.4
Net property, plant and equipment 99.5 101.2
GOODWILL 12.9 13.0
INTANGIBLE ASSETS, net 12.6 13.0
PRE-PRODUCTION COSTS 11.6 10.5
Deferred Tax Assets, Net, Noncurrent 37.2 40.0
OTHER ASSETS 16.4 16.1
Total other long-term assets 90.7 92.6
TOTAL ASSETS 575.7 575.5
CURRENT LIABILITIES    
Accounts payable 79.5 82.0
Other current liabilities 39.5 37.1
TOTAL CURRENT LIABILITIES 119.0 119.1
LONG-TERM DEBT 38.0 48.0
OTHER LIABILITIES 4.4 3.4
DEFERRED COMPENSATION 6.4 12.8
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,724,526 and 38,455,853 shares issued as of October 26, 2013 and April 27, 2013, respectively 19.7 19.6
Additional paid-in capital 92.8 89.8
Accumulated other comprehensive income 19.4 24.7
Treasury stock, 1,342,188 shares as of October 26, 2013 and April 27, 2013 (11.4) (11.4)
Retained earnings 287.1 269.2
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 407.6 391.9
Noncontrolling interest 0.3 0.3
TOTAL EQUITY 407.9 392.2
TOTAL LIABILITIES AND EQUITY $ 575.7 $ 575.5