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(Loss) Income Per Share (Tables)
 12 Months Ended
May 03, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted (Loss) Income per Share

The following table sets forth the computation of basic and diluted (loss) income per share:

 

 

Fiscal Year Ended

 

 

 

May 3, 2025

 

 

April 27, 2024

 

 

April 29, 2023

 

 

 

(53 Weeks)

 

 

(52 Weeks)

 

 

(52 Weeks)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Methode (in millions)

 

$

(62.6

)

 

$

(123.3

)

 

$

77.1

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs

 

 

35,330,586

 

 

 

35,470,471

 

 

 

36,016,686

 

Dilutive potential common shares

 

 

—

 

 

 

—

 

 

 

758,749

 

Denominator for diluted income per share

 

 

35,330,586

 

 

 

35,470,471

 

 

 

36,775,435

 

 

 

 

 

 

 

 

 

 

(Loss) income per share attributable to Methode:

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.77

)

 

$

(3.48

)

 

$

2.14

 

Diluted

 

$

(1.77

)

 

$

(3.48

)

 

$

2.10

 

 

 

 

 

 

 

 

 

 

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding

 

 

1,156,752

 

 

 

1,429,229

 

 

 

938,281

 

In fiscal 2025 and 2024, all potential common shares issuable for stock options, PSUs 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 approximately 230,000 and 535,378 common shares, respectively, for fiscal 2025 and 2024.