XML 45 R24.htm IDEA: XBRL DOCUMENT
v3.24.2

(Loss) Income Per Share | 12 Months Ended
--- | ---
Apr. 27, 2024
Earnings Per Share [Abstract] |
(Loss) Income Per Share | Note 14. (Loss) Income Per Share Basic (loss) income per share attributable to Methode is calculated by dividing net (loss) income attributable to Methode, by the number of weighted average common shares outstanding for the applicable period, but excludes any contingently issues shares where the contingency has not been resolved. The weighted average number of common shares used in the diluted (loss) income per share calculation is determined using the treasury stock method which includes the effect of all potential dilutive common shares outstanding during the period. The following table sets forth the computation of basic and diluted (loss) income per share:
|  | Fiscal Year Ended |
|  | April 27, 2024 |  |  | April 29, 2023 |  |  | April 30, 2022 |
Numerator: |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Methode (in millions) |  | $ | (123.3 | ) |  | $ | 77.1 |  |  | $ | 102.2 |
Denominator: |  |  |  |  |  |  |  |  |
Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs |  |  | 35,470,471 |  |  |  | 36,016,686 |  |  |  | 37,234,086 |
Dilutive potential common shares - stock options, RSAs and RSUs |  |  | — |  |  |  | 758,749 |  |  |  | 583,360 |
Denominator for diluted income per share |  |  | 35,470,471 |  |  |  | 36,775,435 |  |  |  | 37,817,446 |
(Loss) income per share attributable to Methode: |  |  |  |  |  |  |  |  |
Basic |  | $ | (3.48 | ) |  | $ | 2.14 |  |  | $ | 2.74 |
Diluted |  | $ | (3.48 | ) |  | $ | 2.10 |  |  | $ | 2.70 |
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding |  |  | 1,429,229 |  |  |  | 938,281 |  |  |  | 928,412 |
In fiscal 2024, all potential common shares issuable for stock options and RSUs were excluded from the calculation of diluted loss per share, as the effect of including them would have been anti-dilutive. The dilutive effect of potential common shares issuable for stock options and RSUs on the weighted-average number of common shares outstanding would have been approxima tely 535,378 common shares.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration