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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jan. 30, 2016
May. 02, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 202.3 $ 168.1
Accounts receivable, net 146.6 170.4
Inventories:    
Finished products 13.3 16.0
Work in process 10.2 12.2
Materials 48.9 42.7
Net inventory 72.4 70.9
Deferred income taxes 15.5 15.0
Prepaid expenses and other current assets 16.9 13.9
TOTAL CURRENT ASSETS 453.7 438.3
PROPERTY, PLANT AND EQUIPMENT 316.9 309.2
Less allowances for depreciation 225.0 215.9
Net property, plant and equipment 91.9 93.3
GOODWILL 1.6 1.7
INTANGIBLE ASSETS, net 9.5 11.3
PRE-PRODUCTION COSTS 10.4 10.5
DEFERRED INCOME TAXES 27.1 32.1
OTHER ASSETS 18.4 18.6
Total other long-term assets 67.0 74.2
TOTAL ASSETS 612.6 605.8
CURRENT LIABILITIES    
Accounts payable 64.3 70.1
Other current liabilities 45.0 60.5
TOTAL CURRENT LIABILITIES 109.3 130.6
LONG-TERM DEBT 55.0 5.0
OTHER LIABILITIES 3.4 4.0
DEFERRED COMPENSATION 7.8 7.2
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,259,493 and 39,702,036 shares issued as of January 30, 2016 and May 2, 2015, respectively 19.1 19.9
Additional paid-in capital 111.5 102.2
Accumulated other comprehensive income (23.6) (8.3)
Treasury stock, 1,346,624 shares as of January 30, 2016 and May 2, 2015 (11.5) (11.5)
Retained earnings 341.6 356.5
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 437.1 458.8
Noncontrolling interest 0.0 0.2
TOTAL EQUITY 437.1 459.0
TOTAL LIABILITIES AND EQUITY $ 612.6 $ 605.8