XML 28 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
BASIS OF PRESENTATION (Policies)
6 Months Ended
Nov. 01, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Goodwill and Intangible Assets, Policy
We review our goodwill and other intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable, and at least annually in accordance with Accounting Standards Codification No. 350, “Intangibles — Goodwill and Other”.  The values assigned to goodwill and intangible assets are normally based on estimates and judgments regarding expectations for the success and life cycle of products and technologies acquired.  A severe decline in expectations could result in significant impairment charges, which could have a material adverse effect on our financial condition and results of operations.

Earnings Per Share, Policy
Basic net income per share is calculated by dividing net income attributable to Methode shareholders by the weighted average number of common shares outstanding for the applicable period.  Diluted net income per share is calculated after adjusting the denominator of the basic net income per share calculation for the effect of all potentially dilutive stock compensation awards outstanding during the period.
Segment Reporting, Policy
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Form 10-K for the fiscal year ended May 3, 2014.  We allocate resources to segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.
Commitments and Contingencies, Policy
We consider insurance coverage and third-party indemnification when determining required accruals for pending litigation and claims.