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v3.2.0.727

Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended
--- | ---
May. 02, 2015 | May. 03, 2014 | Apr. 27, 2013
Income Statement [Abstract] |  |  |
Net sales | $ 881.1 | $ 772.8 | $ 519.8
Cost of products sold | 662.3 | 616.1 | 428.2
Gross profit | 218.8 | 156.7 | 91.6
Impairment of goodwill and intangible assets | 11.1 | 1.7 | 4.3
Income from settlement | 0.0 | 0.0 | (20.0)
Selling and administrative expenses | 94.0 | 79.6 | 66.3
Amortization of intangibles | 1.5 | 1.8 | 1.8
Income from operations | 112.2 | 73.6 | 39.2
Gain from sale of business | (7.7) | 0.0 | 0.0
Interest (income)/expense, net | (0.7) | 0.3 | 0.0
Other (income)/expense | (0.2) | (2.6) | 1.3
Income/(loss) before income taxes | 120.8 | 75.9 | 37.9
Income tax expense/(benefit) | 19.8 | (20.3) | (2.5)
Net income | 101.0 | 96.2 | 40.4
Less: Net income/(loss) attributable to noncontrolling interest | (0.1) | 0.1 | (0.3)
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC. | $ 101.1 | $ 96.1 | $ 40.7
Basic and diluted income per share: |  |  |
Basic income per share (in dollars per share) | $ 2.61 | $ 2.53 | $ 1.09
Diluted income per share (in dollars per share) | 2.57 | 2.51 | 1.08
Cash dividends per share: |  |  |
Common stock (in dollars per share) | $ 0.36 | $ 0.30 | $ 0.28

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