10-K Filing

METHODE ELECTRONICS INC CIK: 65270 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0000065270-17-000016`
Period End Date	20170430
Filing Date	20170622
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	mei-20170429.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 78 Cash Flow Statement 89 Stockholders Equity 32 Comprehensive Income 15

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Allowance, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$500.00K	USD	Point-in-time
Allowance, accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$600.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$294.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time
Accounts receivable, less allowance (2017 - $0.6 and 2016 - $0.5)	`AccountsReceivableNetCurrent`	$165.30M	USD	Point-in-time
par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
Accounts receivable, less allowance (2017 - $0.6 and 2016 - $0.5)	`AccountsReceivableNetCurrent`	$175.50M	USD	Point-in-time
par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.50	USD	Point-in-time
shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$10.90M	USD	Point-in-time
shares issued (in shares)	`CommonStockSharesIssued`	38.18M	shares	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$11.90M	USD	Point-in-time
shares issued (in shares)	`CommonStockSharesIssued`	38.13M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$9.60M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$8.70M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$38.30M	USD	Point-in-time
shares issued (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
shares issued (in shares)	`TreasuryStockShares`	1.35M	shares	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$44.70M	USD	Point-in-time
Total Inventories	`InventoryNet`	$57.90M	USD	Point-in-time
Total Inventories	`InventoryNet`	$66.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$11.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	-	USD	Point-in-time
Prepaid and refundable income taxes	`IncomeTaxesReceivable`	$600.00K	USD	Point-in-time
Prepaid and refundable income taxes	`IncomeTaxesReceivable`	$1.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$12.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.60M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$496.20M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$530.30M	USD	Point-in-time
Land	`Land`	$600.00K	USD	Point-in-time
Land	`Land`	$600.00K	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$48.20M	USD	Point-in-time
Buildings and building improvements	`BuildingsAndImprovementsGross`	$46.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$278.40M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$287.90M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$325.90M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$336.70M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$246.10M	USD	Point-in-time
Less allowances for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$232.90M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$93.00M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$90.60M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$93.30M	USD	Point-in-time
Goodwill	`Goodwill`	$1.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.70M	USD	Point-in-time
Goodwill	`Goodwill`	$1.70M	USD	Point-in-time
Goodwill	`Goodwill`	$13.00M	USD	Point-in-time
Other intangibles, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$8.90M	USD	Point-in-time
Other intangibles, less accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$6.60M	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$7.80M	USD	Point-in-time
Cash surrender value of life insurance	`CashSurrenderValueOfLifeInsurance`	$7.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$27.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$40.40M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$9.50M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$15.50M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$11.20M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$11.50M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$66.70M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$83.10M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$704.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$605.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$655.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.20M	USD	Point-in-time
Salaries, wages and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$18.70M	USD	Point-in-time
Salaries, wages and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$17.30M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$17.30M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$17.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$2.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$12.70M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$13.00M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$124.40M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$117.90M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$57.00M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$27.00M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.90M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$2.60M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.00M	USD	Point-in-time
DEFERRED COMPENSATION	`DeferredCompensationLiabilityClassifiedNoncurrent`	$8.90M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,133,925 shares and 38,181,985 shares issued as of April 29, 2017 and April 30, 2016, respectively	`CommonStockValue`	$19.10M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,133,925 shares and 38,181,985 shares issued as of April 29, 2017 and April 30, 2016, respectively	`CommonStockValue`	$19.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$112.30M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$132.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.40M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of April 29, 2017 and April 30, 2016	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of April 29, 2017 and April 30, 2016	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$427.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$358.60M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$541.10M	USD	Point-in-time
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS EQUITY	`StockholdersEquity`	$470.10M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.20M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.10M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$459.00M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$655.90M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$704.00M	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$184.60M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$208.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$212.80M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$816.50M	USD	Annual
Net sales	`SalesRevenueNet`	$881.10M	USD	Annual
Net sales	`SalesRevenueNet`	$809.10M	USD	Annual
Net sales	`SalesRevenueNet`	$209.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$195.60M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$219.70M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$203.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$191.90M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$596.20M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$598.20M	USD	Annual
Cost of products sold	`CostOfGoodsSold`	$662.30M	USD	Annual
Gross profit	`GrossProfit`	$60.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$50.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$218.80M	USD	Annual
Gross profit	`GrossProfit`	$53.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$218.30M	USD	Annual
Gross profit	`GrossProfit`	$55.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$55.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$212.90M	USD	Annual
Gross profit	`GrossProfit`	$53.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.10M	USD	1 Quarter
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$11.10M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$94.00M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$105.20M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$100.80M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.40M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.50M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.30M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$112.20M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$110.80M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$109.70M	USD	Annual
Gain from sale of business	`GainLossOnSaleOfBusiness`	$7.70M	USD	Annual
Gain from sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain from sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Interest income, net	`InterestExpenseIncomeNet`	$-700.00K	USD	Annual
Interest income, net	`InterestExpenseIncomeNet`	$-700.00K	USD	Annual
Interest income, net	`InterestExpenseIncomeNet`	$-400.00K	USD	Annual
Other income	`NonoperatingIncomeExpense`	$4.70M	USD	Annual
Other income	`NonoperatingIncomeExpense`	$500.00K	USD	Annual
Other income	`NonoperatingIncomeExpense`	$200.00K	USD	Annual
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$120.80M	USD	Annual
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$115.90M	USD	Annual
Income/(loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$110.90M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$19.80M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$26.30M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$23.00M	USD	Annual
Net income	`ProfitLoss`	$92.90M	USD	Annual
Net income	`ProfitLoss`	$84.60M	USD	Annual
Net income	`ProfitLoss`	$101.00M	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$84.60M	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$21.20M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$101.10M	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$24.90M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$23.50M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$23.10M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$22.70M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$23.70M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$17.20M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$92.90M	USD	Annual
NET INCOME ATTRIBUTABLE TO METHODE ELECTRONICS, INC.	`NetIncomeLoss`	$21.20M	USD	1 Quarter
Basic income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.61	USD	Annual
Basic income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.21	USD	Annual
Basic income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.49	USD	Annual
Diluted income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.57	USD	Annual
Diluted income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.48	USD	Annual
Diluted income per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.20	USD	Annual
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.36	USD	Annual
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.36	USD	Annual
Common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.36	USD	Annual

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$92.90M	USD	Annual
Net income	`ProfitLoss`	$84.60M	USD	Annual
Net income	`ProfitLoss`	$101.00M	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$700.00K	USD	Annual
Gain on sale of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$11.10M	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	$7.70M	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Gain on sale of business	`GainLossOnSaleOfBusiness`	-	USD	Annual
Provision for depreciation	`Depreciation`	$21.90M	USD	Annual
Provision for depreciation	`Depreciation`	$22.00M	USD	Annual
Provision for depreciation	`Depreciation`	$21.50M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.40M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$1.50M	USD	Annual
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.30M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.30M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$7.40M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$12.40M	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	$200.00K	USD	Annual
Provision for bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Change in Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$300.00K	USD	Annual
Change in Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-8.20M	USD	Annual
Change in Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.90M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.60M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.00M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-4.50M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-7.40M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.60M	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-100.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.80M	USD	Annual
Accounts payable and other expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.10M	USD	Annual
Accounts payable and other expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.90M	USD	Annual
Accounts payable and other expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.30M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$145.20M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$110.70M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$122.90M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.40M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.50M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.20M	USD	Annual
Sale of business/investment/property	`ProceedsFromSalesOfAssetsInvestingActivities`	$1.60M	USD	Annual
Sale of business/investment/property	`ProceedsFromSalesOfAssetsInvestingActivities`	$700.00K	USD	Annual
Sale of business/investment/property	`ProceedsFromSalesOfAssetsInvestingActivities`	$11.20M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-21.60M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-21.70M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.30M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.70M	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.10M	USD	Annual
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$62.30M	USD	Annual
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$9.80M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.70M	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$600.00K	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.00M	USD	Annual
Tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.20M	USD	Annual
Tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.30M	USD	Annual
Tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.90M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$13.50M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$13.80M	USD	Annual
Cash dividends	`PaymentsOfDividendsCommonStock`	$13.70M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$71.00M	USD	Annual
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	-	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$30.00M	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$43.00M	USD	Annual
Repayment of borrowings	`RepaymentsOfLinesOfCredit`	$19.00M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-28.70M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-47.00M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-48.50M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-700.00K	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.30M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-11.40M	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$51.70M	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$59.70M	USD	Annual
INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.20M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$294.00M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$227.80M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$294.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$116.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$227.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$168.10M	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.20M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$459.00M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time
Earned portion of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-1.10M	USD	Annual
Earned portion of restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$100.00K	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.30M	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.40M	USD	Annual
Stock award and stock option amortization expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.40M	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$4.00M	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-7.10M	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.70M	USD	Annual
Purchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	280,168.00	shares	Annual
Purchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.00M	shares	Annual
Purchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$9.80M	USD	Annual
Purchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$62.30M	USD	Annual
Tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$2.20M	USD	Annual
Tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.90M	USD	Annual
Tax benefit from stock option exercises	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.30M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-300.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.30M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-33.00M	USD	Annual
Net income for year	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$92.90M	USD	Annual
Net income for year	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$84.60M	USD	Annual
Net income for year	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$101.00M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$13.70M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$13.50M	USD	Annual
Cash dividends on common stock	`DividendsCash`	$13.80M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.20M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$470.10M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$459.00M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$541.10M	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$92.90M	USD	Annual
Net income	`ProfitLoss`	$84.60M	USD	Annual
Net income	`ProfitLoss`	$101.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-17.30M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-33.00M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$68.00M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$75.60M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$84.50M	USD	Annual
Comprehensive income/(loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive income/(loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	Annual
Comprehensive income/(loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-100.00K	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$68.10M	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$75.60M	USD	Annual
Comprehensive income attributable to Methode shareholders	`ComprehensiveIncomeNetOfTax`	$84.50M	USD	Annual

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