Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 29, 2017	Apr. 30, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 294.0	$ 227.8
Accounts receivable, less allowance (2017 - $0.6 and 2016 - $0.5)	165.3	175.5
Inventories:
Finished products	10.9	11.9
Work in process	8.7	9.6
Materials	38.3	44.7
Total Inventories	57.9	66.2
Deferred income taxes	0.0	11.8
Prepaid and refundable income taxes	0.6	1.3
Prepaid expenses and other current assets	12.5	13.6
TOTAL CURRENT ASSETS	530.3	496.2
PROPERTY, PLANT AND EQUIPMENT
Land	0.6	0.6
Buildings and building improvements	48.2	46.9
Machinery and equipment	287.9	278.4
Property, Plant and Equipment, Gross	336.7	325.9
Less allowances for depreciation	246.1	232.9
PROPERTY, PLANT AND EQUIPMENT, NET	90.6	93.0
OTHER ASSETS
Goodwill	1.6	1.7
Other intangibles, less accumulated amortization	6.6	8.9
Cash surrender value of life insurance	7.8	7.4
Deferred income taxes	40.4	27.7
Pre-production costs	15.5	9.5
Other	11.2	11.5
TOTAL OTHER ASSETS	83.1	66.7
TOTAL ASSETS	704.0	655.9
CURRENT LIABILITIES
Accounts payable	75.3	68.2
Salaries, wages and payroll taxes	18.7	17.3
Other accrued expenses	17.7	17.3
Deferred income taxes	0.0	2.1
Income tax payable	12.7	13.0
TOTAL CURRENT LIABILITIES	124.4	117.9
LONG-TERM DEBT	27.0	57.0
OTHER LIABILITIES	2.6	2.9
DEFERRED COMPENSATION	8.9	8.0
SHAREHOLDERS’ EQUITY
Common stock, $0.50 par value, 100,000,000 shares authorized, 38,133,925 shares and 38,181,985 shares issued as of April 29, 2017 and April 30, 2016, respectively	19.1	19.1
Additional paid-in capital	132.2	112.3
Accumulated other comprehensive loss	(25.7)	(8.4)
Treasury stock, 1,346,624 shares as of April 29, 2017 and April 30, 2016	(11.5)	(11.5)
Retained earnings	427.0	358.6
TOTAL METHODE ELECTRONICS, INC. SHAREHOLDERS’ EQUITY	541.1	470.1
Noncontrolling interest	0.0	0.0
TOTAL EQUITY	541.1	470.1
TOTAL LIABILITIES AND EQUITY	$ 704.0	$ 655.9