10-K Filing

METHODE ELECTRONICS INC CIK: 65270 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0000065270-13-000020`
Period End Date	20130430
Filing Date	20130620
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	mei-20130427.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 105 Income Statement 109 Cash Flow Statement 93 Stockholders Equity 32 Comprehensive Income 18

Balance Sheet 105 line items

Line Item	Tag	Value	Unit	Period
Allowance, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.28M	USD	Point-in-time
Allowance, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.02M	USD	Point-in-time
par value	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
par value	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
shares issued	`CommonStockSharesIssued`	38.38M	shares	Point-in-time
shares issued	`CommonStockSharesIssued`	38.46M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.81M	USD	Point-in-time
Accounts receivable, less allowance (2013 $1,022; 2012 $1,279)	`AccountsReceivableNetCurrent`	$98.36M	USD	Point-in-time
shares issued	`TreasuryStockShares`	1.34M	shares	Point-in-time
Accounts receivable, less allowance (2013 $1,022; 2012 $1,279)	`AccountsReceivableNetCurrent`	$119.82M	USD	Point-in-time
shares issued	`TreasuryStockShares`	1.34M	shares	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$11.74M	USD	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$7.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$10.22M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$14.23M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$22.32M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$37.97M	USD	Point-in-time
Inventories	`InventoryNet`	$59.93M	USD	Point-in-time
Inventories	`InventoryNet`	$43.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.31M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.53M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidAndRefundableIncomeTaxes`	$1.01M	USD	Point-in-time
Prepaid and refundable income taxes	`PrepaidAndRefundableIncomeTaxes`	$326.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$9.46M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$7.17M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$240.43M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$258.65M	USD	Point-in-time
Land	`Land`	$3.13M	USD	Point-in-time
Land	`Land`	$3.13M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$44.05M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$43.16M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$230.26M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$250.96M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT - Gross	`PropertyPlantAndEquipmentGross`	$277.45M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT - Gross	`PropertyPlantAndEquipmentGross`	$297.25M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$198.90M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$200.30M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT - Net	`PropertyPlantAndEquipmentNet`	$77.15M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT - Net	`PropertyPlantAndEquipmentNet`	$98.36M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT - Net	`PropertyPlantAndEquipmentNet`	$61.51M	USD	Point-in-time
Goodwill	`Goodwill`	$17.23M	USD	Point-in-time
Goodwill	`Goodwill`	$12.10M	USD	Point-in-time
Goodwill	`Goodwill`	$12.91M	USD	Point-in-time
Goodwill	`Goodwill`	$16.42M	USD	Point-in-time
Goodwill	`Goodwill`	$16.42M	USD	Point-in-time
Other intangibles, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$16.47M	USD	Point-in-time
Other intangibles, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$16.62M	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$8.80M	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$9.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$15.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$14.77M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$16.21M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$11.51M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$12.93M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$12.93M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$77.93M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$86.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$434.94M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$403.65M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$334.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.77M	USD	Point-in-time
Salaries, wages and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$9.67M	USD	Point-in-time
Salaries, wages and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$9.55M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$14.83M	USD	Point-in-time
Other accrued expenses	`AccruedLiabilitiesCurrent`	$14.96M	USD	Point-in-time
Deferred income taxes	`AccruedIncomeTaxesCurrent`	$628.00K	USD	Point-in-time
Deferred income taxes	`AccruedIncomeTaxesCurrent`	$9.13M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$3.45M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$3.80M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$90.47M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$91.88M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$48.00M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$43.50M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$3.41M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$3.29M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$4.80M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.09M	USD	Point-in-time
NON-CONTROLLING INTEREST	`RedeemableNoncontrollingInterestEquityOtherCarryingAmount`	-	USD	Point-in-time
NON-CONTROLLING INTEREST	`RedeemableNoncontrollingInterestEquityOtherCarryingAmount`	$333.00K	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,455,853 and 38,375,678 shares issued as of April 27, 2013 and April 28, 2012, respectively	`CommonStockValue`	$19.19M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,455,853 and 38,375,678 shares issued as of April 27, 2013 and April 28, 2012, respectively	`CommonStockValue`	$19.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$77.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.47M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$15.68M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$15.57M	USD	Point-in-time
Treasury stock, 1,342,188 shares as of April 27, 2013 and April 28, 2012	`TreasuryStockValue`	$11.38M	USD	Point-in-time
Treasury stock, 1,342,188 shares as of April 27, 2013 and April 28, 2012	`TreasuryStockValue`	$11.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$184.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$154.01M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$255.04M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$289.37M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$213.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$180.00K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.14M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$289.58M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.22M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$239.94M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$403.65M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$434.94M	USD	Point-in-time

Income Statement 109 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$122.98M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$129.76M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$148.36M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$428.21M	USD	Annual
Net sales	`SalesRevenueNet`	$112.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$126.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$110.80M	USD	1 Quarter
Pre-tax gain on sale of a subsidiary	`DivestitureOfInterestInConsolidatedSubsidiariesGainLossFromDivestitureBeforeIncomeTax`	$4.15M	USD	Annual
Net sales	`SalesRevenueNet`	$519.84M	USD	Annual
Net sales	`SalesRevenueNet`	$118.74M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$465.10M	USD	Annual
Net sales	`SalesRevenueNet`	$115.89M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$339.04M	USD	Annual
Income taxes related to the sale	`DivestitureOfInterestInConsolidatedSubsidiariesIncomeTax`	$3.49M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$428.20M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$381.98M	USD	Annual
Gross margins	`GrossProfit`	$83.11M	USD	Annual
Gross margins	`GrossProfit`	$22.96M	USD	1 Quarter
Gross margins	`GrossProfit`	$19.98M	USD	1 Quarter
Gross margins	`GrossProfit`	$27.84M	USD	1 Quarter
Gross margins	`GrossProfit`	$20.92M	USD	1 Quarter
Gross margins	`GrossProfit`	$20.03M	USD	1 Quarter
Gross margins	`GrossProfit`	$19.25M	USD	1 Quarter
Gross margins	`GrossProfit`	$91.64M	USD	Annual
Gross margins	`GrossProfit`	$89.17M	USD	Annual
Gross margins	`GrossProfit`	$21.47M	USD	1 Quarter
Gross margins	`GrossProfit`	$22.29M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	$4.33M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$4.33M	USD	Annual
Income from settlement	`GainLossRelatedToLitigationSettlement`	$20.00M	USD	Annual
Income from settlement	`GainLossRelatedToLitigationSettlement`	$20.00M	USD	1 Quarter
Income from settlement	`GainLossRelatedToLitigationSettlement`	$2.07M	USD	1 Quarter
Income from settlement	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Income from settlement	`GainLossRelatedToLitigationSettlement`	-	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$69.95M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$66.34M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$70.83M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.81M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.79M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.40M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$11.36M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$15.94M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$39.18M	USD	Annual
Interest (income)/expense, net	`InterestExpenseNet`	$-288.00K	USD	Annual
Interest (income)/expense, net	`InterestExpenseNet`	$-30.00K	USD	Annual
Interest (income)/expense, net	`InterestExpenseNet`	$198.00K	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-1.28M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-272.00K	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-1.26M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.95M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.46M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.37M	USD	Annual
Income tax expense/(benefit)	`IncomeTaxExpenseBenefitContinuingOperations`	$-2.49M	USD	Annual
Income tax expense/(benefit)	`IncomeTaxExpenseBenefitContinuingOperations`	$-4.08M	USD	Annual
Income tax expense/(benefit)	`IncomeTaxExpenseBenefitContinuingOperations`	$3.24M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.54M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$40.44M	USD	Annual
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$8.14M	USD	Annual
Gain on sale of discontinued operation, net of tax ($4,148 less taxes of $3,493)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Gain on sale of discontinued operation, net of tax ($4,148 less taxes of $3,493)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$655.00K	USD	Annual
Gain on sale of discontinued operation, net of tax ($4,148 less taxes of $3,493)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Net income	`ProfitLoss`	$40.44M	USD	Annual
Net income	`ProfitLoss`	$19.19M	USD	Annual
Net income	`ProfitLoss`	$8.14M	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-294.00K	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-307.00K	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-246.00K	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$3.89M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$5.77M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$3.33M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$311.00K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$1.49M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$23.36M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$40.74M	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$10.16M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$809.00K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$19.50M	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$8.38M	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.09	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.22	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.51	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.02	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$1.09	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$0.22	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.53	USD	Annual
Basic income per share	`EarningsPerShareBasic`	$0.62	USD	1 Quarter
Basic income per share	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.50	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.08	USD	Annual
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.22	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.02	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.22	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$1.08	USD	Annual
Diluted income per share	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.62	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted income per share	`EarningsPerShareDiluted`	$0.52	USD	Annual
Common stock	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	Annual
Common stock	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	Annual
Common stock	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	Annual

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$40.44M	USD	Annual
Net income	`ProfitLoss`	$19.19M	USD	Annual
Net income	`ProfitLoss`	$8.14M	USD	Annual
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-73.00K	USD	Annual
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-118.00K	USD	Annual
Loss on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on the sale of discontinued business	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	-	USD	Annual
Gain on the sale of discontinued business	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	-	USD	Annual
Gain on the sale of discontinued business	`DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax`	$4.15M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$4.33M	USD	1 Quarter
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$4.33M	USD	Annual
Gain on investment in business	`GainOnPurchaseOfBusiness`	$165.00K	USD	Annual
Gain on investment in business	`GainOnPurchaseOfBusiness`	-	USD	Annual
Gain on investment in business	`GainOnPurchaseOfBusiness`	-	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	-	USD	Annual
Gain on bargain purchase	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$255.00K	USD	Annual
Provision for depreciation	`Depreciation`	$17.01M	USD	Annual
Provision for depreciation	`Depreciation`	$13.35M	USD	Annual
Provision for depreciation	`Depreciation`	$14.35M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.81M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.79M	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.40M	USD	Annual
Impairment of tangible assets	`TangibleAssetImpairmentCharges`	-	USD	Annual
Impairment of tangible assets	`TangibleAssetImpairmentCharges`	-	USD	Annual
Impairment of tangible assets	`TangibleAssetImpairmentCharges`	$1.30M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.98M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.25M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.01M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$495.00K	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$106.00K	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$249.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.21M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$5.21M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.94M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.53M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$17.85M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$21.20M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$8.71M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$16.14M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$3.28M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-13.84M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.26M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.18M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-301.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.19M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.68M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$24.82M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$33.24M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$17.04M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.55M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.22M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.74M	USD	Annual
Acquisition of businesses	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$2.47M	USD	Annual
Acquisition of businesses	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.43M	USD	Annual
Acquisition of businesses	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$6.35M	USD	Annual
Proceeds from life insurance policies	`ProceedsFromLifeInsurancePolicies`	-	USD	Annual
Proceeds from life insurance policies	`ProceedsFromLifeInsurancePolicies`	$1.51M	USD	Annual
Proceeds from life insurance policies	`ProceedsFromLifeInsurancePolicies`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-39.99M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-32.10M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-16.18M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$263.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$608.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.03M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.33M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.38M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.36M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$52.00M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$37.00M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	-	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$41.50M	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$4.00M	USD	Annual
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$37.90M	USD	Annual
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-14.27M	USD	Annual
NET CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-9.30M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$28.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.06M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.27M	USD	Annual
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.35M	USD	Annual
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.38M	USD	Annual
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.99M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$63.82M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$57.45M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$86.80M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$65.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$63.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$57.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$86.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$65.81M	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$289.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$239.94M	USD	Point-in-time
Earned portion of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-22.00K	USD	Annual
Earned portion of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Earned portion of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-10.00K	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.01M	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.25M	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.98M	USD	Annual
Vested stock awards withheld for payroll taxes	`VestedStockAwardsWithheldForPayrollTaxes`	-	USD	Annual
Vested stock awards withheld for payroll taxes	`VestedStockAwardsWithheldForPayrollTaxes`	-	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$608.00K	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$263.00K	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.03M	USD	Annual
Treasury shares issues for minority shares purchased	`TreasurySharesIssuesForMinoritySharesPurchased`	-	USD	Annual
Sale of non-controlling interest	`MinorityInterestIncreaseFromStockIssuance`	$-615.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$101.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.59M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.24M	USD	Annual
Net income/(loss) for year	`ProfitLoss`	$40.44M	USD	Annual
Net income/(loss) for year	`ProfitLoss`	$19.19M	USD	Annual
Net income/(loss) for year	`ProfitLoss`	$8.14M	USD	Annual
Net income/(loss) for the year (including mezzanine equity)	`NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndMezzanineEquity`	$40.78M	USD	Annual
Net income/(loss) for the year (including mezzanine equity)	`NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndMezzanineEquity`	$8.42M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$10.36M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$10.38M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$10.33M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.14M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$289.58M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$255.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$239.94M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$40.44M	USD	Annual
Net income	`ProfitLoss`	$19.19M	USD	Annual
Net income	`ProfitLoss`	$8.14M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$101.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.59M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$11.24M	USD	Annual
Less: Reclassification of foreign currency translation to net income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentRealizedUponSaleOrLiquidationNetOfTax`	-	USD	Annual
Less: Reclassification of foreign currency translation to net income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentRealizedUponSaleOrLiquidationNetOfTax`	$-4.06M	USD	Annual
Less: Reclassification of foreign currency translation to net income	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentRealizedUponSaleOrLiquidationNetOfTax`	-	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$548.00K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$26.38M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$40.55M	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-25.00K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	Annual
Comprehensive loss attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-266.00K	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$40.84M	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$26.41M	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$814.00K	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.