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Consolidated balance sheets (USD $)
In Thousands, unless otherwise specified
Apr. 28, 2012
Apr. 30, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 86,797 $ 57,445
Accounts receivable, less allowance (2012 - $1,279; 2011- $1,140) 98,359 88,036
Inventories:    
Finished products 7,001 6,271
Work in process 14,235 10,981
Materials 22,325 21,305
Net Inventory 43,561 38,557
Deferred income taxes 3,529 3,778
Prepaid and refundable income taxes 1,015 851
Prepaid expenses and other current assets 7,172 7,294
TOTAL CURRENT ASSETS 240,433 195,961
PROPERTY, PLANT AND EQUIPMENT    
Land 3,135 3,135
Buildings and building improvements 44,051 45,522
Machinery and equipment 230,265 249,597
Property, Plant and Equipment, Gross 277,451 298,254
Less allowances for depreciation 200,299 236,743
Property, Plant, and Equipment, Net 77,152 61,511
OTHER ASSETS    
Goodwill 16,422 16,422
Other intangibles, less accumulated amortization 16,620 18,423
Cash surrender value of life insurance 8,802 10,028
Deferred income taxes 15,072 4,456
Pre-production costs 16,215 14,645
Other 12,932 13,298
Total Other Assets 86,063 77,272
TOTAL ASSETS 403,648 334,744
CURRENT LIABILITIES    
Accounts payable 54,775 37,152
Salaries, wages and payroll taxes 9,554 8,996
Other accrued expenses 14,964 16,003
Deferred income taxes 9,131 0
Income taxes payable 3,453 1,336
TOTAL CURRENT LIABILITIES 91,877 63,487
LONG-TERM DEBT 48,000 0
OTHER LIABILITIES 3,413 5,619
DEFERRED COMPENSATION 4,801 4,494
NON-CONTROLLING INTEREST 333 0
SHAREHOLDERS’ EQUITY    
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,375,678 and 38,312,243 shares issued as of April 28, 2012 and April 30, 2011, respectively 19,188 19,156
Additional paid-in capital 77,652 72,113
Accumulated other comprehensive income 15,573 23,152
Treasury stock, 1,342,188 shares as of April 28, 2012 and April 30, 2011 (11,377) (11,377)
Retained earnings 154,008 155,989
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY 255,044 259,033
Noncontrolling interest 180 2,111
TOTAL EQUITY 255,224 261,144
TOTAL LIABILITIES AND EQUITY $ 403,648 $ 334,744