Segment Information and Geographic Area Information

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 is the Company’s President and Chief Executive Officer (“CEO”).

Effective October 27, 2018, the Company reorganized its reportable segments upon the acquisition of Grakon. Prior to the acquisition, the Company's reportable segments were Automotive, Power, Interface and Other. As a result of this change, the Company's reportable segments are now Automotive, Industrial, Interface and Medical. Historical information has been revised to reflect the new reportable segments.

A summary of the significant reportable segment changes is as follows:


•	Grakon's automotive business has been included in the Automotive segment, while Grakon's non-automotive business has been included in the Industrial segment.


•	The busbar business, previously included in the Power segment, is now part of the Industrial segment.


•	The radio-remote control business, previously included in the Interface segment, is now part of the Industrial segment.


•	The medical devices business, previously included in the Other segment, now makes up the Medical segment.

The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers. 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 Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, 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 Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the appliance, commercial food service, construction, consumer, material handling, point-of-sale and telecommunications markets. Solutions include copper transceivers and solid-state field-effect consumer touch panels.

The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury 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.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1, "Description of Business and Summary of Significant Accounting Policies," above. The CODM allocates resources to and evaluates the performance of each operating segments based on operating income. Transfers between segments are recorded using internal transfer prices set by the Company.

The tables below present information about our reportable segments.



	Fiscal Year Ended April 27, 2019
(Dollars in Millions)	Automotive			Industrial			Interface			Medical			Eliminations/Corporate			Consolidated
Net Sales	$	741.6		$	210.0		$	57.9		$	1.1		$	(10.3	)	$	1,000.3
Transfers between Segments	(6.9		)	(3.2		)	(0.2		)	—			10.3			—
Net Sales to Unaffiliated Customers	$	734.7		$	206.8		$	57.7		$	1.1		$	—		$	1,000.3

Income/(Loss) from Operations	$	126.3		$	37.4		$	(0.3	)	$	(8.6	)	$	(48.0	)	$	106.8
Interest Expense, Net																8.3
Other Income, Net																(5.1		)
Income before Income Taxes																$	103.6

Depreciation and Amortization	$	25.2		$	11.7		$	3.2		$	1.0		$	2.2		$	43.3

Identifiable Assets	$	677.4		$	404.3		$	88.6		$	9.4		$	52.0		$	1,231.7



	Fiscal Year Ended April 28, 2018
(Dollars in Millions)	Automotive			Industrial		Interface			Medical			Eliminations/Corporate			Consolidated
Net Sales	$	738.4		$	105.6	$	73.9		$	0.3		$	(9.9	)	$	908.3
Transfers between Segments	(9.7		)	0.2		(0.7		)	—			10.2			—
Net Sales to Unaffiliated Customers	$	728.7		$	105.8	$	73.2		$	0.3		$	0.3		$	908.3

Income/(Loss) from Operations	$	156.3		$	13.0	$	6.0		$	(11.4	)	$	(45.6	)	$	118.3
Interest Expense, Net															0.9
Other Income, Net															(6.4		)
Income before Income Taxes															$	123.8

Depreciation and Amortization	$	21.3		$	2.0	$	3.1		$	0.8		$	0.9		$	28.1

Identifiable Assets	$	632.7		$	93.1	$	206.8		$	8.1		$	(24.8	)	$	915.9



	Fiscal Year Ended April 29, 2017
(Dollars in Millions)	Automotive			Industrial			Interface			Medical			Eliminations/Corporate			Consolidated
Net Sales	$	641.0		$	92.4		$	94.3		$	0.2		$	(11.4	)	$	816.5
Transfers between Segments	(8.8		)	(0.1		)	(2.8		)	—			11.7			—
Net Sales to Unaffiliated Customers	$	632.2		$	92.3		$	91.5		$	0.2		$	0.3		$	816.5

Income/(Loss) from Operations	$	148.3		$	2.7		$	4.0		$	(8.5	)	$	(35.7	)	$	110.8
Interest Income, Net																(0.4		)
Other Income, Net																(4.7		)
Income before Income Taxes																$	115.9

Depreciation and Amortization	$	15.5		$	3.2		$	4.3		$	0.5		$	0.8		$	24.3

Identifiable Assets	$	462.3		$	78.1		$	170.4		$	5.4		$	(12.2	)	$	704.0

The following table sets forth certain geographic financial information for fiscal 2019, fiscal 2018 and fiscal 2017. Geographic net sales are determined based on our sales from our various operational locations.



	Fiscal Year Ended
(Dollars in Millions)	April 27, 2019		April 28, 2018		April 29, 2017
Net Sales:
U.S.	$	540.5	$	487.5	$	506.9
Malta	148.5		184.0		155.5
China	113.7		117.3		127.7
Canada	101.6		54.4		—
Other	96.0		65.1		26.4
Total Net Sales	$	1,000.3	$	908.3	$	816.5

Property, Plant and Equipment, Net:
U.S.	$	83.9	$	63.3	$	44.9
Malta	33.0		36.8		26.4
Belgium	22.1		25.0		—
China	18.6		7.2		5.9
Other	34.3		29.9		13.4
Total Property, Plant and Equipment, Net	$	191.9	$	162.2	$	90.6