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SEGMENT INFORMATION
 6 Months Ended
Oct. 28, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT 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 and wireless and terrestrial voice/data systems), consumer and industrial equipment, aerospace, rail and other transportation industries.
 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 into 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 OEMs, either directly or through their tiered suppliers. Our products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, LED-based lighting 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, construction, consumer, material handling, medical, military, mining, point-of-sale and telecommunications markets.  Solutions include conductive polymers, 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. Through fiscal 2017, the Interface segment included our Connectivity business, which provided solutions for computer and networking markets, including connectors and custom cable assemblies. This business was shuttered at the end of fiscal 2017 due to market conditions.
 
The Power Products segment manufactures braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as our PowerRail solution, high-current low-voltage flexible power cabling systems and powder coated busbars that are used in various markets and applications, including aerospace, computers, industrial, power conversion, military, telecommunications and transportation.
 
The Other segment is primarily made up of our medical device business, Dabir Surfaces, 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 injuries, including patients undergoing long-duration surgical procedures. Through fiscal 2017, the Other segment included our Active Energy Solutions business, which provided inverters, battery systems and insulated-gate bipolar transistor solutions. Due to market conditions, this business was shuttered at the end of fiscal 2017.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in our Form 10-K for the fiscal year ended April 29, 2017.  We allocate resources to segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.
The tables below present information about our reportable segments.
 
 
Three Months Ended October 28, 2017
 
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net Sales
 
$
188.8

 
$
28.9

 
$
14.5

 
$
—

 
$
(2.1
)
 
$
230.1

Transfers between Segments
 
(2.1
)
 
0.1

 
(0.1
)
 
—

 
2.1

 
—

Net Sales to Unaffiliated Customers
 
$
186.7

 
$
29.0

 
$
14.4

 
$
—

 
$
—

 
$
230.1

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Operations
 
$
42.9

 
$
1.8

 
$
3.0

 
$
(3.1
)
 
$
(14.9
)
 
$
29.7

Interest Expense, Net
 
 
 
 
 
 
 
 
 
 
 
0.2

Other Expense, Net
 
 
 
 
 
 
 
 
 
 
 
0.4

Income before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
29.1

 
 
Three Months Ended October 29, 2016
 
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net Sales
 
$
166.6

 
$
33.0

 
$
12.5

 
$
1.6

 
$
(4.4
)
 
$
209.3

Transfers between Segments
 
(2.4
)
 
(0.5
)
 
—

 
(1.5
)
 
4.4

 
—

Net Sales to Unaffiliated Customers
 
$
164.2

 
$
32.5

 
$
12.5

 
$
0.1

 
$
—

 
$
209.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Operations
 
$
38.4

 
$
(0.4
)
 
$
2.1

 
$
(2.3
)
 
$
(8.7
)
 
$
29.1

Interest Income, Net
 
 
 
 
 
 
 
 
 
 
 
(0.1
)
Other Income, Net
 
 
 
 
 
 
 
 
 
 
 
(1.9
)
Income before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
31.1


 
 
Six Months Ended October 28, 2017
 
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net Sales
 
$
347.7

 
$
58.4

 
$
29.7

 
$
0.1

 
$
(4.6
)
 
$
431.3

Transfers between Segments
 
(4.5
)
 
—

 
(0.1
)
 
—

 
4.6

 
—

Net Sales to Unaffiliated Customers
 
$
343.2

 
$
58.4

 
$
29.6

 
$
0.1

 
$
—

 
$
431.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Operations
 
$
78.7

 
$
2.2

 
$
6.3

 
$
(5.8
)
 
$
(26.3
)
 
$
55.1

Other Expense, Net
 
 
 
 
 
 
 
 
 
 
 
1.2

Income before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
53.9


 
 
Six Months Ended October 29, 2016
 
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net Sales
 
$
315.3

 
$
65.9

 
$
24.6

 
$
2.0

 
$
(6.7
)
 
$
401.1

Transfers between Segments
 
(4.0
)
 
(0.7
)
 
(0.1
)
 
(1.9
)
 
6.7

 
—

Net Sales to Unaffiliated Customers
 
$
311.3

 
$
65.2

 
$
24.5

 
$
0.1

 
$
—

 
$
401.1

 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Operations
 
$
74.5

 
$
(1.3
)
 
$
4.5

 
$
(4.7
)
 
$
(17.4
)
 
$
55.6

Interest Income, Net
 
 
 
 
 
 
 
 
 
 
 
(0.1
)
Other Income, Net
 
 
 
 
 
 
 
 
 
 
 
(1.9
)
Income before Income Taxes
 
 
 
 
 
 
 
 
 
 
 
$
57.6