Income Per Share Attributable to Methode Shareholders

12 Months Ended

Apr. 30, 2016

Income Per Share Attributable to Methode Shareholders

Basic income per share attributable to Methode shareholders ("basic earnings per share") is calculated by dividing net earnings by the weighted average number of common shares outstanding for the applicable period. Diluted income per share attributable to Methode shareholders ("diluted income per share") is calculated after adjusting the denominator of the basic income per share calculation for the effect of all potential dilutive common shares outstanding during the period.

The following table sets forth the computation of basic and diluted income per share:



	Fiscal Year Ended
	April 30, 2016		May 2, 2015		May 3, 2014
Numerator:
Net income attributable to Methode Electronics, Inc.	$	84.6	$	101.1	$	96.1

Denominator:
Denominator for basic earnings per share-weighted average shares outstanding and vested/unissued restricted stock awards	38,333,484		38,686,715		37,973,697
Dilutive potential common shares-employee stock options, restricted stock awards and restricted stock units	138,128		580,151		242,562
Denominator for diluted earnings per share	38,471,612		39,266,866		38,216,259

Basic and diluted income per share:
Basic income per share	$	2.21	$	2.61	$	2.53
Diluted income per share	$	2.20	$	2.57	$	2.51

Options to purchase 138,500 shares and 158,500 shares of common stock were outstanding at April 30, 2016 and May 2, 2015, respectively but were not included in the computation of diluted earnings per share because the exercise price was greater than the average market price of the common shares; therefore, the effect would have been anti-dilutive. In addition, restricted stock awards of 700,000 shares have been excluded in the computation of diluted net income per share for fiscal 2014 as these awards were contingent on the Company's performance in fiscal 2015.