NET INCOME/(LOSS) PER SHARE

6 Months Ended

Oct. 29, 2011

NET INCOME/(LOSS) PER SHARE [Abstract]

Earnings Per Share [Text Block]

NET INCOME/(LOSS) PER SHARE

Basic net income/(loss) per share is calculated by dividing net income/(loss) by the weighted average number of common shares outstanding for the applicable period.  Diluted net income per share is calculated after adjusting the denominator of the basic net income/(loss) per share calculation for the effect of all potentially dilutive common shares outstanding during the period.

The following table sets forth the computation of basic and diluted net income/(loss) per share:

	Three Months Ended					Six Months Ended
	October 29, 2011		October 30, 2010			October 29, 2011		October 30, 2010
Numerator - net income/(loss) attributable to Methode Electronics, Inc.	$	311	(513		)	1,806		3,552
Denominator:	—		—
Denominator for basic net income/(loss) per share-weighted average shares	37,309,890		37,058,108			37,293,598		37,051,058
Dilutive potential common shares-employee stock options	210,357		—			223,400		230,542
Denominator for diluted net income/(loss) per share adjusted weighted average shares and assumed conversions	37,520,247		37,058,108			37,516,998		37,281,600
Net income/(loss) per share:
Basic and diluted	$	0.01	$	(0.01	)	$	0.05	$	0.10

For the three months ended October 30, 2010, potential common shares have not been included in the calculation of diluted net loss per share, as the effect would have been anti-dilutive. For the three months ended October 29, 2011, options to purchase 962,662 shares of common stock at a weighted-average exercise price of $10.23 per share were outstanding, but were not included in the computation of net income per share because the exercise prices were greater than the average market price of $8.60 for our common stock for the second quarter of fiscal 2012, and, therefore, the effect would have been anti-dilutive. For the six months ended October 29, 2011, options to purchase 514,412 shares of common stock at a weighted-average exercise price of $10.80 per share were outstanding, but were not included in the computation of net income per share because the exercise prices were greater than the average market price of $9.80 for our common stock for the first six months of fiscal 2012, and, therefore, the effect would have been anti-dilutive. For the six months ended October 30, 2010, options to purchase 395,867 shares of common stock at a weighted-average exercise price of $10.84 per share were outstanding, but were not included in the computation of net income per share because the exercise prices were greater than the average market price of $9.29 for our common stock for the first six months of fiscal 2011, and, therefore, the effect would have been anti-dilutive.