XML 65 R4.htm IDEA: XBRL DOCUMENT 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