10-Q Filing

METHODE ELECTRONICS INC CIK: 65270 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-068796`
Period End Date	20231031
Filing Date	20231207
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	mei-20231028_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 62 Cash Flow Statement 75 Stockholders Equity 38 Comprehensive Income 28

Balance Sheet 85 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`	$157.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.17M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.03M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.50M	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`	$314.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$292.30M	USD	Point-in-time
Inventories	`InventoryNet`	$183.90M	USD	Point-in-time
Inventories	`InventoryNet`	$159.70M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$12.90M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$16.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$636.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$664.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$224.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$220.30M	USD	Point-in-time
Goodwill	`Goodwill`	$220.70M	USD	Point-in-time
Goodwill	`Goodwill`	$301.90M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$264.70M	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`	$26.90M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.00M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.60M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$44.50M	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`	$34.00M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$914.70M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$848.40M	USD	Point-in-time
Total assets	`Assets`	$1.48B	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$133.50M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$36.70M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$29.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$38.70M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$34.50M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.80M	USD	Point-in-time
Short-term operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.60M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$3.20M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$3.00M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$7.50M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$8.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$218.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$303.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$329.00M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$20.90M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.80M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$9.30M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$16.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.50M	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`	$46.00M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$421.70M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$398.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$626.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$640.00M	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, 37,034,050 shares and 37,167,375 shares issued as of October 28, 2023 and April 29, 2023, respectively	`CommonStockValue`	$18.50M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 37,034,050 shares and 37,167,375 shares issued as of October 28, 2023 and April 29, 2023, respectively	`CommonStockValue`	$18.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$183.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$181.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.90M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of October 28, 2023 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of October 28, 2023 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$772.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$697.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$941.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$913.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$898.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$911.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$844.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$931.40M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$598.30M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$577.70M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$288.00M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$315.90M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$462.40M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$235.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$241.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$471.40M	USD	2 Qtrs
Gross profit	`GrossProfit`	$74.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$106.30M	USD	2 Qtrs
Gross profit	`GrossProfit`	$135.90M	USD	2 Qtrs
Gross profit	`GrossProfit`	$52.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$85.40M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.60M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$71.90M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.90M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$11.90M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$6.20M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$9.40M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$32.80M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$54.60M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-47.50M	USD	2 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$-51.30M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-500.00K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-7.20M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-4.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-500.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$5.20M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$1.10M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$200.00K	USD	2 Qtrs
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-55.50M	USD	1 Quarter
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$33.40M	USD	1 Quarter
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-54.50M	USD	2 Qtrs
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.30M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-200.00K	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$10.20M	USD	2 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$5.80M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-100.00K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$49.10M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$-54.40M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$27.60M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-55.30M	USD	1 Quarter
Net (loss) income attributable to Methode	`NetIncomeLoss`	$49.10M	USD	2 Qtrs
Net (loss) income attributable to Methode	`NetIncomeLoss`	$27.60M	USD	1 Quarter
Net (loss) income attributable to Methode	`NetIncomeLoss`	$-55.30M	USD	1 Quarter
Net (loss) income attributable to Methode	`NetIncomeLoss`	$-54.40M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.35	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-1.55	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.33	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-1.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.52	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$49.10M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$27.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-55.30M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-54.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.50M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$6.70M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$3.90M	USD	2 Qtrs
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$-200.00K	USD	2 Qtrs
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$200.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$400.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$300.00K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	2 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-500.00K	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$400.00K	USD	2 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$600.00K	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	2 Qtrs
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.00M	USD	2 Qtrs
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-1.00M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-200.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-800.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-12.50M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$50.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$29.10M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.50M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.80M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.70M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$21.50M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-1.80M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$10.30M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-12.50M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.10M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.20M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.00M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.50M	USD	2 Qtrs
Proceeds from settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	$600.00K	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$3.50M	USD	2 Qtrs
Proceeds from disposition of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$1.60M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.30M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00K	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.80M	USD	2 Qtrs
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$200.00K	USD	2 Qtrs
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$100.00K	USD	2 Qtrs
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.80M	USD	2 Qtrs
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$31.60M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$9.90M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$4.90M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$10.10M	USD	2 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$4.80M	USD	1 Quarter
Purchase of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$10.90M	USD	2 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$213.90M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$6.50M	USD	2 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$179.30M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.90M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.70M	USD	2 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.30M	USD	2 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-7.90M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-42.40M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-34.50M	USD	2 Qtrs
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`	$122.50M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.60M	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`	$122.50M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.60M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Interest	`InterestPaidNet`	$6.70M	USD	2 Qtrs
Interest	`InterestPaidNet`	$1.40M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$14.50M	USD	2 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$12.50M	USD	2 Qtrs
Operating lease obligations	`OperatingLeasePayments`	$4.50M	USD	2 Qtrs
Operating lease obligations	`OperatingLeasePayments`	$4.00M	USD	2 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$941.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$898.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$911.40M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$844.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$931.40M	USD	Point-in-time
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.80M	USD	2 Qtrs
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-400.00K	USD	2 Qtrs
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$7.80M	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$7.80M	USD	2 Qtrs
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$19.70M	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$31.60M	USD	2 Qtrs
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	322,779.00	shares	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	508,179.00	shares	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	322,779.00	shares	2 Qtrs
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	825,814.00	shares	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.90M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.30M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.70M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.70M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-18.10M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-27.50M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-23.90M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-19.80M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$49.10M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$27.60M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-55.30M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-54.40M	USD	2 Qtrs
Dividends on common stock	`Dividends`	$10.30M	USD	2 Qtrs
Dividends on common stock	`Dividends`	$4.90M	USD	1 Quarter
Dividends on common stock	`Dividends`	$9.90M	USD	2 Qtrs
Dividends on common stock	`Dividends`	$5.10M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$941.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$898.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$911.40M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$844.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$931.40M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$49.10M	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$27.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-55.30M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-54.40M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-20.20M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-30.60M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-22.70M	USD	2 Qtrs
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$3.10M	USD	2 Qtrs
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$400.00K	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$1.60M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-1.20M	USD	2 Qtrs
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-18.10M	USD	1 Quarter
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-27.50M	USD	2 Qtrs
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-23.90M	USD	2 Qtrs
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-19.80M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$9.50M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$21.60M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-78.30M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-75.10M	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive (loss) income attributable to Methode	`ComprehensiveIncomeNetOfTax`	$-78.30M	USD	2 Qtrs
Comprehensive (loss) income attributable to Methode	`ComprehensiveIncomeNetOfTax`	$-75.10M	USD	1 Quarter
Comprehensive (loss) income attributable to Methode	`ComprehensiveIncomeNetOfTax`	$21.60M	USD	2 Qtrs
Comprehensive (loss) income attributable to Methode	`ComprehensiveIncomeNetOfTax`	$9.50M	USD	1 Quarter

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