10-Q Filing

METHODE ELECTRONICS INC CIK: 65270 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-046882`
Period End Date	20230731
Filing Date	20230907
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mei-20230729_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 30 Cash Flow Statement 60 Stockholders Equity 20 Comprehensive Income 14

Balance Sheet 84 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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.17M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.35M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	1.35M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$300.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$314.30M	USD	Point-in-time
Inventories	`InventoryNet`	$159.70M	USD	Point-in-time
Inventories	`InventoryNet`	$175.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$13.40M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$12.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$657.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$664.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$220.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$225.20M	USD	Point-in-time
Goodwill	`Goodwill`	$301.90M	USD	Point-in-time
Goodwill	`Goodwill`	$302.50M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$251.30M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$256.70M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$28.40M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$29.50M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.60M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.70M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$38.90M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$36.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsMiscellaneousNoncurrent`	$37.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsMiscellaneousNoncurrent`	$35.50M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$914.70M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$916.60M	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$131.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.70M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$36.70M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$26.70M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$34.50M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$33.70M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.80M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.90M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$3.20M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$3.20M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$8.10M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$6.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$208.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$303.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$335.80M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.80M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$22.40M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$16.70M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$16.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.30M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$41.80M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$41.40M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$398.20M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$433.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$641.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$626.20M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$900.00K	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$11.10M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,356,156 shares and 37,167,375 shares issued as of July 29, 2023 and April 29, 2023, respectively	`CommonStockValue`	$18.60M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,356,156 shares and 37,167,375 shares issued as of July 29, 2023 and April 29, 2023, respectively	`CommonStockValue`	$18.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$182.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$181.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.00M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of July 29, 2023 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of July 29, 2023 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$764.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$772.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$931.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$913.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$941.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$911.40M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$289.70M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$282.40M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$220.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$235.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$61.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$44.50M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.30M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$5.70M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$4.10M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Pre-tax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.90M	USD	1 Quarter
Pre-tax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.40M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Net income	`ProfitLoss`	$900.00K	USD	1 Quarter
Net income	`ProfitLoss`	$21.50M	USD	1 Quarter
Net income attributable to Methode	`NetIncomeLoss`	$21.50M	USD	1 Quarter
Net income attributable to Methode	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.00M	USD	1 Quarter
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$-600.00K	USD	1 Quarter
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$-200.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$200.00K	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$600.00K	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.80M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$500.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.90M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.30M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-5.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$10.50M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-600.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-11.00M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.70M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.60M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.60M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.60M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.80M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00K	USD	1 Quarter
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$100.00K	USD	1 Quarter
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$100.00K	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$11.90M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$5.30M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$5.00M	USD	1 Quarter
Purchase of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$10.20M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$42.00M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$3.30M	USD	1 Quarter
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$10.10M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.80M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.50M	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.20M	USD	1 Quarter
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.90M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.10M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-19.60M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.00M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.90M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.40M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.00M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$147.90M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.40M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Interest	`InterestPaidNet`	$800.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$3.00M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$5.60M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.20M	USD	1 Quarter
Operating lease obligations	`OperatingLeasePayments`	$2.30M	USD	1 Quarter
Operating lease obligations	`OperatingLeasePayments`	$1.90M	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$931.40M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$941.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$911.40M	USD	Point-in-time
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.80M	USD	1 Quarter
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-400.00K	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$11.90M	USD	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	317,635.00	shares	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.60M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-4.10M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-9.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Dividends on common stock	`Dividends`	$5.20M	USD	1 Quarter
Dividends on common stock	`Dividends`	$5.00M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$931.40M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$941.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$911.40M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$900.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.50M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$1.50M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-1.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-4.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-9.40M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-3.20M	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$12.10M	USD	1 Quarter
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$-3.20M	USD	1 Quarter

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