10-Q Filing

METHODE ELECTRONICS INC CIK: 65270 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000065270-16-000045`
Period End Date	20160131
Filing Date	20160303
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	mei-20160130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 68 Cash Flow Statement 46 Comprehensive Income 20

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.70M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$202.30M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$167.80M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$170.40M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$146.60M	USD	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$16.00M	USD	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$13.30M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$12.20M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$10.20M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$48.90M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$42.70M	USD	Point-in-time
Net inventory	`InventoryNet`	$70.90M	USD	Point-in-time
Net inventory	`InventoryNet`	$72.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$16.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$13.90M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$453.70M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$438.30M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$309.20M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$316.90M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$215.90M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$225.00M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$93.30M	USD	Point-in-time
Net property, plant and equipment	`PropertyPlantAndEquipmentNet`	$91.90M	USD	Point-in-time
GOODWILL	`Goodwill`	$1.70M	USD	Point-in-time
GOODWILL	`Goodwill`	$1.60M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$9.50M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$11.30M	USD	Point-in-time
PRE-PRODUCTION COSTS	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$10.40M	USD	Point-in-time
PRE-PRODUCTION COSTS	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$10.50M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$32.10M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$27.10M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$18.40M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$18.60M	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$74.20M	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$67.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$612.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$605.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$60.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$45.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$109.30M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$130.60M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$5.00M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$55.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$3.40M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.00M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.80M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$7.20M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,259,493 and 39,702,036 shares issued as of January 30, 2016 and May 2, 2015, respectively	`CommonStockValue`	$19.10M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,259,493 and 39,702,036 shares issued as of January 30, 2016 and May 2, 2015, respectively	`CommonStockValue`	$19.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$111.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.20M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.60M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of January 30, 2016 and May 2, 2015	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of January 30, 2016 and May 2, 2015	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$356.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.60M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$437.10M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$458.80M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$200.00K	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$459.00M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$437.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$612.60M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$605.80M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$596.30M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$653.80M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$206.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$184.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$149.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$487.00M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$137.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$444.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$56.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$166.80M	USD	3 Qtrs
Gross profit	`GrossProfit`	$152.10M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.70M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$69.10M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$97.70M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$78.40M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$34.70M	USD	1 Quarter
Interest income, net	`InterestExpenseIncomeNet`	$-700.00K	USD	3 Qtrs
Interest income, net	`InterestExpenseIncomeNet`	$-400.00K	USD	3 Qtrs
Interest income, net	`InterestExpenseIncomeNet`	$-200.00K	USD	1 Quarter
Interest income, net	`InterestExpenseIncomeNet`	$-200.00K	USD	1 Quarter
Other (income) / expense	`NonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Other (income) / expense	`NonoperatingIncomeExpense`	$300.00K	USD	1 Quarter
Other (income) / expense	`NonoperatingIncomeExpense`	$1.50M	USD	3 Qtrs
Other (income) / expense	`NonoperatingIncomeExpense`	$200.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$98.30M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$80.60M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$18.60M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$23.80M	USD	3 Qtrs
Net income	`ProfitLoss`	$74.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$27.10M	USD	1 Quarter
Net income	`ProfitLoss`	$17.20M	USD	1 Quarter
Net income	`ProfitLoss`	$62.00M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$17.20M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$62.00M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$74.50M	USD	3 Qtrs
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$27.10M	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.93	USD	3 Qtrs
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.69	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.45	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.60	USD	3 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.60	USD	3 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.90	USD	3 Qtrs
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.68	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.45	USD	1 Quarter
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	3 Qtrs
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.64M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.66M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.16M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.79M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.28M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.29M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.79M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.62M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$74.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$27.10M	USD	1 Quarter
Net income	`ProfitLoss`	$17.20M	USD	1 Quarter
Net income	`ProfitLoss`	$62.00M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$16.00M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$16.40M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.10M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.80M	USD	3 Qtrs
Amortization of stock awards and stock options	`ShareBasedCompensation`	$4.80M	USD	3 Qtrs
Amortization of stock awards and stock options	`ShareBasedCompensation`	$3.50M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$800.00K	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-13.10M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$108.60M	USD	3 Qtrs
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$83.80M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.80M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.20M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-12.80M	USD	3 Qtrs
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-17.20M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.60M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$59.80M	USD	3 Qtrs
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$6.30M	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$500.00K	USD	3 Qtrs
Excess tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Excess tax benefit from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.00M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.20M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.30M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$63.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$13.00M	USD	3 Qtrs
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$28.00M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-32.00M	USD	3 Qtrs
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-23.10M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.40M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.30M	USD	3 Qtrs
INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.20M	USD	3 Qtrs
INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.40M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$202.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$167.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$202.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$167.80M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$74.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$27.10M	USD	1 Quarter
Net income	`ProfitLoss`	$17.20M	USD	1 Quarter
Net income	`ProfitLoss`	$62.00M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.30M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.20M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.50M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-32.60M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$10.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$10.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$46.70M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$41.90M	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to Methode Electronics, Inc.	`ComprehensiveIncomeNetOfTax`	$10.60M	USD	1 Quarter
Comprehensive income attributable to Methode Electronics, Inc.	`ComprehensiveIncomeNetOfTax`	$10.00M	USD	1 Quarter
Comprehensive income attributable to Methode Electronics, Inc.	`ComprehensiveIncomeNetOfTax`	$41.90M	USD	3 Qtrs
Comprehensive income attributable to Methode Electronics, Inc.	`ComprehensiveIncomeNetOfTax`	$46.70M	USD	3 Qtrs

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