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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Nov. 01, 2014
May 03, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 144.2 $ 116.4
Accounts receivable, net 172.4 173.0
Inventories:    
Finished products 18.0 14.2
Work in process 13.7 12.0
Materials 43.7 45.4
Net inventory 75.4 71.6
Deferred income taxes 6.0 8.7
Prepaid expenses and other current assets 14.8 12.0
TOTAL CURRENT ASSETS 412.8 381.7
PROPERTY, PLANT AND EQUIPMENT 320.0 323.6
Less allowances for depreciation 223.4 222.4
Net property, plant and equipment 96.6 101.2
GOODWILL 12.9 13.0
INTANGIBLE ASSETS, net 12.2 13.0
PRE-PRODUCTION COSTS 8.0 10.5
DEFERRED INCOME TAXES 30.8 40.0
OTHER ASSETS 20.2 16.1
Total other long-term assets 84.1 92.6
TOTAL ASSETS 593.5 575.5
CURRENT LIABILITIES    
Accounts payable 82.4 82.0
Other current liabilities 47.6 37.1
TOTAL CURRENT LIABILITIES 130.0 119.1
LONG-TERM DEBT 30.0 48.0
OTHER LIABILITIES 4.2 3.4
DEFERRED COMPENSATION 6.7 12.8
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 39,678,536 and 39,262,168 shares issued as of November 1, 2014 and May 3, 2014, respectively 19.8 19.6
Additional paid-in capital 95.7 89.8
Accumulated other comprehensive income 8.6 24.7
Treasury stock, 1,346,624 shares and 1,342,188 as of November 1, 2014 and May 3, 2014, respectively (11.5) (11.4)
Retained earnings 309.7 269.2
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 422.3 391.9
Noncontrolling interest 0.3 0.3
TOTAL EQUITY 422.6 392.2
TOTAL LIABILITIES AND EQUITY $ 593.5 $ 575.5