10-Q Filing

METHODE ELECTRONICS INC CIK: 65270 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0000950170-24-027579`
Period End Date	20240131
Filing Date	20240307
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	mei-20240127_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 63 Cash Flow Statement 79 Stockholders Equity 40 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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.17M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.83M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.00M	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`	$265.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$314.30M	USD	Point-in-time
Inventories	`InventoryNet`	$159.70M	USD	Point-in-time
Inventories	`InventoryNet`	$204.00M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$18.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$12.90M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$664.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$629.80M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$220.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$232.50M	USD	Point-in-time
Goodwill	`Goodwill`	$220.40M	USD	Point-in-time
Goodwill	`Goodwill`	$301.90M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$264.30M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$256.70M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$25.90M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$28.40M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$36.10M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.60M	USD	Point-in-time
Pre-production costs	`PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned`	$47.80M	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`	$34.70M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$861.70M	USD	Point-in-time
Total long-term assets	`OtherAssetsNoncurrent`	$914.70M	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Total assets	`Assets`	$1.49B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$138.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$146.00M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$31.60M	USD	Point-in-time
Accrued employee liabilities	`EmployeeRelatedLiabilitiesCurrent`	$36.70M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$38.20M	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`	$6.30M	USD	Point-in-time
Short-term debt	`LongTermDebtCurrent`	$200.00K	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`	$7.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$229.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$303.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$331.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.80M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$19.90M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$16.70M	USD	Point-in-time
Long-term income tax payable	`AccruedIncomeTaxesNoncurrent`	$9.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.30M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$46.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$41.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$426.60M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$398.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$656.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$626.20M	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, 36,825,124 shares and 37,167,375 shares issued as of January 27, 2024 and April 29, 2023, respectively	`CommonStockValue`	$18.60M	USD	Point-in-time
Common stock, $0.50 par value, 100,000,000 shares authorized, 36,825,124 shares and 37,167,375 shares issued as of January 27, 2024 and April 29, 2023, respectively	`CommonStockValue`	$18.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$181.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$181.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.20M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of January 27, 2024 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Treasury stock, 1,346,624 shares as of January 27, 2024 and April 29, 2023	`TreasuryStockValue`	$11.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$677.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$772.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$898.80M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$844.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$942.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$835.00M	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 liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$259.50M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$280.10M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$878.40M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$837.20M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$215.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$222.50M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$693.90M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsAndServicesSold`	$677.60M	USD	3 Qtrs
Gross profit	`GrossProfit`	$64.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$143.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$200.80M	USD	3 Qtrs
Gross profit	`GrossProfit`	$37.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$104.80M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$119.30M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$32.90M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$6.10M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$18.00M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$14.10M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$27.30M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-3.00M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-50.50M	USD	3 Qtrs
(Loss) income from operations	`OperatingIncomeLoss`	$81.90M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-1.30M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-5.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-12.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-800.00K	USD	1 Quarter
Other expense (income), net	`NonoperatingIncomeExpense`	$1.70M	USD	3 Qtrs
Other expense (income), net	`NonoperatingIncomeExpense`	$-3.50M	USD	1 Quarter
Other expense (income), net	`NonoperatingIncomeExpense`	$-2.50M	USD	1 Quarter
Other expense (income), net	`NonoperatingIncomeExpense`	$-2.30M	USD	3 Qtrs
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.50M	USD	1 Quarter
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-65.00M	USD	3 Qtrs
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.00M	USD	1 Quarter
Pre-tax (loss) income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.30M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$13.30M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$19.90M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-11.60M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$69.00M	USD	3 Qtrs
Net (loss) income	`ProfitLoss`	$-66.00M	USD	3 Qtrs
Net (loss) income attributable to Methode	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net (loss) income attributable to Methode	`NetIncomeLoss`	$-66.00M	USD	3 Qtrs
Net (loss) income attributable to Methode	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Net (loss) income attributable to Methode	`NetIncomeLoss`	$69.00M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.33	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.91	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-1.86	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.87	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-1.86	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	3 Qtrs

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-66.00M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$69.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.80M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.80M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$9.40M	USD	3 Qtrs
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$1.00M	USD	3 Qtrs
Change in cash surrender value of life insurance	`ChangeinCashSurrenderValueofLifeInsurance`	$-200.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$500.00K	USD	3 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$600.00K	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-600.00K	USD	3 Qtrs
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$400.00K	USD	3 Qtrs
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$700.00K	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$56.50M	USD	1 Quarter
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.00M	USD	3 Qtrs
Change in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-700.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-200.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-800.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.70M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.70M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.20M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$47.10M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$17.30M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.80M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$11.00M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.60M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-13.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$83.80M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.60M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.10M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.80M	USD	3 Qtrs
Proceeds from settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	$600.00K	USD	3 Qtrs
Proceeds from disposition of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$1.50M	USD	3 Qtrs
Proceeds from disposition of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$3.50M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.30M	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00K	USD	3 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.80M	USD	3 Qtrs
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$200.00K	USD	3 Qtrs
Repayments of finance leases	`FinanceLeasePrincipalPayments`	$300.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.50M	USD	3 Qtrs
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$39.60M	USD	3 Qtrs
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$10.80M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$4.90M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$5.00M	USD	1 Quarter
Cash dividends	`PaymentsOfDividendsCommonStock`	$15.00M	USD	3 Qtrs
Cash dividends	`PaymentsOfDividendsCommonStock`	$14.90M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.20M	USD	3 Qtrs
Purchase of redeemable noncontrolling interest	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$10.90M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$200.00M	USD	3 Qtrs
Proceeds from borrowings	`ProceedsFromLinesOfCredit`	$232.90M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$206.60M	USD	3 Qtrs
Repayments of borrowings	`RepaymentsOfLinesOfCredit`	$207.20M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.00M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.60M	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-200.00K	USD	3 Qtrs
Effect of foreign currency exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.70M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-7.30M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-34.10M	USD	3 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`	$122.90M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.70M	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`	$122.90M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.70M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$157.00M	USD	Point-in-time
Interest	`InterestPaidNet`	$12.70M	USD	3 Qtrs
Interest	`InterestPaidNet`	$3.00M	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$17.00M	USD	3 Qtrs
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$15.40M	USD	3 Qtrs
Operating lease obligations	`OperatingLeasePayments`	$6.90M	USD	3 Qtrs
Operating lease obligations	`OperatingLeasePayments`	$6.50M	USD	3 Qtrs

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$898.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$844.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$942.60M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$835.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$941.80M	USD	Point-in-time
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-400.00K	USD	3 Qtrs
Issuance of restricted stock, net of tax withholding	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$-3.80M	USD	3 Qtrs
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.50M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.50M	USD	3 Qtrs
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$39.60M	USD	3 Qtrs
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$3.00M	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$8.00M	USD	1 Quarter
Purchases of common stock	`StockRepurchasedDuringPeriodValue`	$10.80M	USD	3 Qtrs
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	130,592.00	shares	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	453,371.00	shares	3 Qtrs
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	179,700.00	shares	1 Quarter
Purchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	1.01M	shares	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.40M	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$-2.20M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$700.00K	USD	3 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$11.70M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-12.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$32.70M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-66.00M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$69.00M	USD	3 Qtrs
Dividends on common stock	`Dividends`	$5.00M	USD	1 Quarter
Dividends on common stock	`Dividends`	$15.30M	USD	3 Qtrs
Dividends on common stock	`Dividends`	$14.70M	USD	3 Qtrs
Dividends on common stock	`Dividends`	$4.80M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$898.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$844.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$942.60M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$835.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$913.80M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$941.80M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$19.90M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-66.00M	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-11.60M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$69.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.50M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$37.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.00M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$13.70M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-2.00M	USD	1 Quarter
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-3.20M	USD	3 Qtrs
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-1.30M	USD	3 Qtrs
Derivative financial instruments	`OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax`	$-4.40M	USD	1 Quarter
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$5.20M	USD	3 Qtrs
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$11.70M	USD	1 Quarter
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-12.20M	USD	3 Qtrs
Net other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$32.70M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$74.20M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$52.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-78.20M	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Comprehensive income attributable to redeemable noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$100.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$74.20M	USD	3 Qtrs
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$52.60M	USD	1 Quarter
Comprehensive income (loss) attributable to Methode	`ComprehensiveIncomeNetOfTax`	$-78.20M	USD	3 Qtrs

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