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Segment Information and Geographic Area Information | 12 Months Ended
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Apr. 30, 2016
Segment Reporting [Abstract] |
Segment Information and Geographic Area Information | Segment Information and Geographic Area Information We are a global manufacturer of component and subsystem devices. We design, manufacture and market devices employing electrical, electronic, wireless, sensing and optical technologies. Our components are found in the primary end markets of the automotive, appliance, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), aerospace, rail and other transportation industries; and the consumer and industrial equipment markets. ASC No. 280, “Segment Reporting” establishes annual and interim reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources. The CODM, as defined by ASC No. 280, is the Company’s President and Chief Executive Officer (“CEO”). We have multiple operating segments that are aggregated in four reportable segments. Those segments are Automotive, Interface, Power Products and Other. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile original equipment manufacturers ("OEMs"), either directly or through their tiered suppliers. Our products include integrated center consoles, hidden switches, ergonomic switches, transmission lead frames and sensors, which incorporate magneto-elastic sensing and other technologies, that monitor the operation or status of a component or system. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, computer, construction, consumer, material handling, medical, military, mining, networking, point-of-sale, storage, and telecommunications markets. Solutions include conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, and solid-state field effect consumer touch panels. Services include the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components. The Power Products segment manufactures braided flexible cables, current-carrying laminated bus bars and devices, custom power-product assemblies, such as our PowerRail solution, high-current low voltage flexible power cabling systems and powder coated bus bars that are used in various markets and applications, including aerospace, computers, industrial and power conversion, military, telecommunications, and transportation. The Other segment includes medical devices, inverters and battery systems and insulated gate bipolar transistor solutions. Our medical devices business includes Dabir Surfaces which is our surface support technology aimed at pressure ulcer prevention. Methode is developing the technology for use by patients who are immobilized or otherwise at risk for pressure ulcers, including patients undergoing long-duration surgical procedures. The Other segment also included independent laboratories that provide services for qualification, testing and certification, and analysis of electronic and optical components. The independent laboratories were sold at the end of the third quarter of fiscal 2015. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 above. We allocate resources to and evaluate performance of segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us. The tables below presents information about our reportable segments. The Interface segment income from operations for fiscal 2015 includes an impairment of goodwill charge of $11.1 million.
| Fiscal Year Ended April 30, 2016
| Automotive |  | Interface |  | Power Products |  | Other |  | Eliminations/Corporate |  | Consolidated
Net sales | $ | 623.1 |  |  | $ | 142.6 |  |  | $ | 54.1 |  |  | $ | 0.6 |  |  | $ | (11.3 | ) |  | $ | 809.1 |
Transfers between segments | (8.8 | ) |  | (1.8 | ) |  | (0.6 | ) |  | (0.3 | ) |  | 11.5 |  |  | — |
Net sales to unaffiliated customers | $ | 614.3 |  |  | $ | 140.8 |  |  | $ | 53.5 |  |  | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 809.1 |
Income/(loss) from operations | 136.8 |  |  | 2.7 |  |  | 9.4 |  |  | (8.8 | ) |  | (30.4 | ) |  | 109.7 |
Gain on sale of business |  |  |  |  |  |  |  |  |  |  | — |
Interest income, net |  |  |  |  |  |  |  |  |  |  | (0.7 | )
Other income, net |  |  |  |  |  |  |  |  |  |  | (0.5 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 110.9 |
Depreciation and amortization | $ | 15.6 |  |  | $ | 4.3 |  |  | $ | 2.3 |  |  | $ | 0.6 |  |  | $ | 1.1 |  |  | $ | 23.9 |
Identifiable assets | $ | 418.4 |  |  | $ | 184.8 |  |  | $ | 46.4 |  |  | $ | 5.0 |  |  | $ | 1.3 |  |  | $ | 655.9 |
| Fiscal Year Ended May 2, 2015
| Automotive |  | Interface |  | Power Products |  | Other |  | Eliminations/Corporate |  | Consolidated
Net sales | $ | 633.0 |  |  | $ | 163.8 |  |  | $ | 86.1 |  |  | $ | 5.5 |  |  | $ | (7.3 | ) |  | $ | 881.1 |
Transfers between segments | (4.6 | ) |  | (2.1 | ) |  | (0.4 | ) |  | (0.3 | ) |  | 7.4 |  |  | — |
Net sales to unaffiliated customers | $ | 628.4 |  |  | $ | 161.7 |  |  | $ | 85.7 |  |  | $ | 5.2 |  |  | $ | 0.1 |  |  | $ | 881.1 |
Income/(loss) from operations | $ | 124.9 |  |  | $ | 7.0 |  |  | $ | 23.2 |  |  | $ | (6.4 | ) |  | $ | (36.5 | ) |  | $ | 112.2 |
Gain on sale of business |  |  |  |  |  |  |  |  |  |  | (7.7 | )
Interest expense, net |  |  |  |  |  |  |  |  |  |  | (0.7 | )
Other income, net |  |  |  |  |  |  |  |  |  |  | (0.2 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 120.8 |
Depreciation and amortization | $ | 16.6 |  |  | $ | 2.8 |  |  | $ | 2.4 |  |  | $ | 0.4 |  |  | $ | 1.2 |  |  | $ | 23.4 |
Identifiable assets | $ | 365.5 |  |  | $ | 186.4 |  |  | $ | 38.5 |  |  | $ | 3.7 |  |  | $ | 11.7 |  |  | $ | 605.8 |
| Fiscal Year Ended May 3, 2014
| Automotive |  | Interface |  | Power Products |  | Other |  | Eliminations/Corporate |  | Consolidated
Net sales | $ | 524.6 |  |  | $ | 173.6 |  |  | $ | 72.7 |  |  | $ | 7.2 |  |  | $ | (5.3 | ) |  | $ | 772.8 |
Transfers between segments | (2.2 | ) |  | (2.8 | ) |  | (0.2 | ) |  | (0.2 | ) |  | 5.4 |  |  | — |
Net sales to unaffiliated customers | $ | 522.4 |  |  | $ | 170.8 |  |  | $ | 72.5 |  |  | $ | 7.0 |  |  | $ | 0.1 |  |  | $ | 772.8 |
Income (loss) from operations | $ | 69.4 |  |  | $ | 26.8 |  |  | $ | 12.6 |  |  | $ | (7.0 | ) |  | $ | (28.2 | ) |  | $ | 73.6 |
Other expense |  |  |  |  |  |  |  |  |  |  | (2.6 | )
Income/(loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 75.9 |
Depreciation and amortization | $ | 16.4 |  |  | $ | 2.9 |  |  | $ | 2.4 |  |  | $ | 2.5 |  |  | $ | 1.4 |  |  | $ | 25.6 |
Identifiable assets | $ | 366.1 |  |  | $ | 155.0 |  |  | $ | 32.1 |  |  | $ | 4.8 |  |  | $ | 17.5 |  |  | $ | 575.5 |
The following table sets forth certain geographic financial information for fiscal years ended April 30, 2016, May 2, 2015 and May 3, 2014. Geographic net sales and income are determined based our sales and income from our various operational locations.
| Fiscal Year Ended
| April 30, 2016 |  | May 2, 2015 |  | May 3, 2014
Net Sales: |  |  |  |  |  |  |  |
U.S. | $ | 491.9 |  |  | $ | 564.6 |  |  | $ | 456.6 |
China | 124.8 |  |  | 112.6 |  |  | 97.4 |
Malta | 167.1 |  |  | 153.5 |  |  | 186.4 |
Other | 25.3 |  |  | 50.4 |  |  | 32.4 |
Total Net Sales | $ | 809.1 |  |  | $ | 881.1 |  |  | $ | 772.8 |
Property, Plant and Equipment: |  |  |  |  |  |  |  |
U.S. | $ | 44.0 |  |  | $ | 42.7 |  |  | $ | 43.8 |
China | 7.4 |  |  | 9.0 |  |  | 6.6 |
Malta | 28.7 |  |  | 28.0 |  |  | 37.5 |
Mexico | 3.9 |  |  | 5.8 |  |  | 7.3 |
Other | 9.0 |  |  | 7.8 |  |  | 6.0 |
Total Property, Plant and Equipment | $ | 93.0 |  |  | $ | 93.3 |  |  | $ | 101.2 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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