XML 39 R26.htm IDEA: XBRL DOCUMENT v3.19.2

Goodwill and Intangible Assets (Tables)

12 Months Ended

Apr. 27, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill rollforward

A summary of the changes in goodwill by reportable segment is as follows:

(Dollars in Millions)		Automotive				Industrial				Total
Balance as of April 30, 2016		$	—			$	1.7			$	1.7
Foreign Currency Translation		—				(0.1		)		(0.1		)
Balance as of April 29, 2017		—				1.6				1.6
Acquisitions		57.2				—				57.2
Foreign Currency Translation		0.3				0.1				0.4
Balance as of April 28, 2018		57.5				1.7				59.2
Acquisitions		49.4				125.9				175.3
Foreign Currency Translation		(0.6		)		(0.6		)		(1.2		)
Balance as of April 27, 2019		$	106.3			$	127.0			$	233.3

Schedule of intangible assets

The following tables present details of the Company's identifiable intangible assets:

	As of April 27, 2019
(Dollars in Millions)	Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	244.5			$	27.7			$	216.8			17.4
Trade Names, Patents and Technology Licenses	75.5				29.2				46.3				8.4
Total Definite-lived Intangible Assets	320.0				56.9				263.1
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8				—				1.8
Total Indefinite-lived Intangible Assets	1.8				—				1.8
Total Intangible Assets	$	321.8			$	56.9			$	264.9

	As of April 28, 2018
(Dollars in Millions)	Gross				Accumulated Amortization				Net				Wtd. Avg. Remaining Amortization Periods (Years)
Definite-lived Intangible Assets:
Customer Relationships and Agreements	$	64.4			$	18.1			$	46.3			12.3
Trade Names, Patents and Technology Licenses	35.9				23.0				12.9				5.3
Total Definite-lived Intangible Assets	100.3				41.1				59.2
Indefinite-lived Intangible Assets:
Trade Names, Patents and Technology Licenses	1.8				—				1.8
Total Indefinite-lived Intangible Assets	1.8				—				1.8
Total Intangible Assets	$	102.1			$	41.1			$	61.0

Schedule of estimated aggregate amortization expense

Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

(Dollars in Millions)
Fiscal Year:
2020	$	19.1
2021	19.0
2022	19.0
2023	18.9
2024	18.6
Thereafter	168.5
Total	$	263.1

X

- Definition

Schedule Of Finite-Lived And Indefinite-Lived Intangible Assets [Table Text Block]

+ References

No definition available.

+ Details

Name:	mei_ScheduleOfFiniteLivedAndIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	mei_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration