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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Aug. 01, 2015
May. 02, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 167.9 $ 168.1
Accounts receivable, net 159.7 170.4
Inventories:    
Finished products 15.4 16.0
Work in process 11.7 12.2
Materials 42.6 42.7
Net inventory 69.7 70.9
Deferred income taxes 14.8 15.0
Prepaid expenses and other current assets 15.0 13.9
TOTAL CURRENT ASSETS 427.1 438.3
PROPERTY, PLANT AND EQUIPMENT 308.7 309.2
Less allowances for depreciation 218.8 215.9
Net property, plant and equipment 89.9 93.3
GOODWILL 1.6 1.7
INTANGIBLE ASSETS, net 10.7 11.3
PRE-PRODUCTION COSTS 10.8 10.5
DEFERRED INCOME TAXES 28.0 32.1
OTHER ASSETS 19.7 18.6
Total other long-term assets 70.8 74.2
TOTAL ASSETS 587.8 605.8
CURRENT LIABILITIES    
Accounts payable 68.0 70.1
Other current liabilities 36.0 60.5
TOTAL CURRENT LIABILITIES 104.0 130.6
LONG-TERM DEBT 2.0 5.0
OTHER LIABILITIES 3.9 4.0
DEFERRED COMPENSATION 7.9 7.2
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 40,081,131 and 39,702,036 shares issued as of August 1, 2015 and May 2, 2015, respectively 20.0 19.9
Additional paid-in capital 106.2 102.2
Accumulated other comprehensive income (14.4) (8.3)
Treasury stock, 1,605,514 shares and 1,346,624 as of August 1, 2015 and May 2, 2015, respectively (18.4) (11.5)
Retained earnings 376.5 356.5
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 469.9 458.8
Noncontrolling interest 0.1 0.2
TOTAL EQUITY 470.0 459.0
TOTAL LIABILITIES AND EQUITY $ 587.8 $ 605.8