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NET INCOME PER SHARE
 3 Months Ended
Jul. 27, 2013
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
 
Basic net income per share is calculated by dividing net income 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 per share calculation for the effect of all potentially dilutive stock compensation awards outstanding during the period.
 
The following table sets forth the computation of basic and diluted net income per share:
 
 
 
Three Months Ended
 
 
July 27,
2013
 
July 28,
2012
Numerator - net income attributable to Methode Electronics, Inc.
 
$
13,611

 
3,889

Denominator:
 
—

 
—

Denominator for basic net income per share-weighted average shares
 
37,552,740

 
37,391,831

Dilutive potential common shares
 
698,572

 
502,042

Denominator for diluted net income per share-adjusted weighted average shares and assumed conversions
 
38,251,312

 
37,893,873

 
 
 
 
 
Net income per share:
 
 

 
 

Basic
 
$
0.36

 
$
0.10

Diluted
 
$
0.36

 
$
0.10


 
For the three months ended July 27, 2013 and July 28, 2012, options to purchase 162,500 shares and 761,685 shares, respectively, have been been excluded in the computation of net income per share because the exercise price was greater than the average market price for that period, and therefore, would have been anti-dilutive. In addition, options to purchase 700,000 shares have been excluded in the computation of net income per share for the three months ended July 27, 2013, as these shares are contingent on the Company's performance in fiscal 2015.