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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 31, 2015
May. 02, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 186.6 $ 168.1
Accounts receivable, net 165.2 170.4
Inventories:    
Finished products 13.8 16.0
Work in process 9.7 12.2
Materials 42.7 42.7
Net inventory 66.2 70.9
Deferred income taxes 13.9 15.0
Prepaid expenses and other current assets 18.5 13.9
TOTAL CURRENT ASSETS 450.4 438.3
PROPERTY, PLANT AND EQUIPMENT 313.5 309.2
Less allowances for depreciation 223.0 215.9
Net property, plant and equipment 90.5 93.3
GOODWILL 1.6 1.7
INTANGIBLE ASSETS, net 10.1 11.3
PRE-PRODUCTION COSTS 9.4 10.5
DEFERRED INCOME TAXES 28.9 32.1
OTHER ASSETS 19.0 18.6
Total other long-term assets 69.0 74.2
TOTAL ASSETS 609.9 605.8
CURRENT LIABILITIES    
Accounts payable 71.2 70.1
Other current liabilities 40.3 60.5
TOTAL CURRENT LIABILITIES 111.5 130.6
LONG-TERM DEBT 22.0 5.0
OTHER LIABILITIES 3.9 4.0
DEFERRED COMPENSATION 7.8 7.2
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 39,453,447 and 39,702,036 shares issued as of October 31, 2015 and May 2, 2015, respectively 19.7 19.9
Additional paid-in capital 108.7 102.2
Accumulated other comprehensive income (16.4) (8.3)
Treasury stock, 1,346,624 shares as of October 31, 2015 and May 2, 2015 (11.5) (11.5)
Retained earnings 364.1 356.5
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 464.6 458.8
Noncontrolling interest 0.1 0.2
TOTAL EQUITY 464.7 459.0
TOTAL LIABILITIES AND EQUITY $ 609.9 $ 605.8