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Segment Information and Geographic Area Information
 12 Months Ended
Apr. 29, 2017
Segment Reporting [Abstract]  
Segment Information and Geographic Area Information
Segment Information and Geographic Area Information
 
We are a global manufacturer of component and subsystem devices.  We design, manufacture and market devices employing electrical, electronic, wireless, sensing and optical technologies.  Our components are found in the primary end-markets of the automotive, appliance, communications (including information processing and storage, networking equipment, wireless and terrestrial voice/data systems), consumer and industrial equipment, aerospace, rail and other transportation industries.
 
ASC No. 280, “Segment Reporting” establishes annual and interim reporting standards for an enterprise’s operating segments and related disclosures about its products, services, geographic areas and major customers. An operating segment is defined as a component of an enterprise that engages in business activities from which it may earn revenues and incur expenses, and about which separate financial information is regularly evaluated by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources.  The CODM, as defined by ASC No. 280, is the Company’s President and Chief Executive Officer (“CEO”).

We have multiple operating segments that are aggregated in four reportable segments. Those segments are Automotive, Interface, Power Products and Other.
The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile OEMs, either directly or through their tiered suppliers. Our products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system.
 
The Interface segment provides a variety of copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, construction, consumer, material handling, medical, military, mining, point-of-sale, and telecommunications markets.  Solutions include conductive polymers, industrial safety radio remote controls, optical and copper transceivers, and solid-state field-effect consumer touch panels.  Services include the design and installation of fiber optic and copper infrastructure systems and manufacturing active and passive optical components. Through fiscal 2017, the Interface segment included our Connectivity reporting unit, which provided solutions for computer and networking markets, including connectors and custom cable assemblies. This reporting unit was shuttered at the end of fiscal 2017 due to market conditions.
 
The Power Products segment manufactures braided flexible cables, current-carrying laminated busbars and devices, custom power-product assemblies, such as our PowerRail solution, high-current low-voltage flexible power cabling systems and powder coated busbars that are used in various markets and applications, including aerospace, computers, industrial and power conversion, military, telecommunications, and transportation.
 
The Other segment is primarily made up of our medical device business, which includes Dabir Surfaces, our surface support technology aimed at pressure ulcer prevention. Methode is developing the technology for use by patients who are immobilized or otherwise at risk for pressure ulcers, including patients undergoing long-duration surgical procedures. Through fiscal 2017, the Other segment included our Active Energy Solutions reporting unit, which provided inverters, battery systems and insulated gate bipolar transistor solutions. Due to market conditions, this reporting unit was shuttered at the end of fiscal 2017. In fiscal 2015, the Other segment also included independent laboratories that provided services for qualification, testing and certification, and analysis of electronic and optical components. The independent laboratories were sold in fiscal 2015.
 
The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 above.  We allocate resources to and evaluate performance of segments based on operating income. Transfers between segments are recorded using internal transfer prices set by us.
 
The tables below present information about our reportable segments. The Interface segment's income from operations for fiscal 2015 includes an impairment of goodwill charge of $11.1 million.
 
Fiscal Year Ended April 29, 2017
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net sales
$
641.0

 
$
128.2

 
$
56.5

 
$
2.2

 
$
(11.4
)
 
$
816.5

Transfers between segments
(8.8
)
 
(0.8
)
 
(0.2
)
 
(1.9
)
 
11.7

 
—

Net sales to unaffiliated customers
$
632.2

 
$
127.4

 
$
56.3

 
$
0.3

 
$
0.3

 
$
816.5

 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from operations
$
148.3

 
$
(0.9
)
 
$
11.5

 
$
(12.4
)
 
$
(35.7
)
 
$
110.8

Gain on sale of business
 
 
 
 
 
 
 
 
 
 
—

Interest income, net
 
 
 
 
 
 
 
 
 
 
(0.4
)
Other income, net
 
 
 
 
 
 
 
 
 
 
(4.7
)
Income before income taxes

 


 


 


 


 
$
115.9

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
15.5

 
$
4.2

 
$
2.8

 
$
1.0

 
$
0.8

 
$
24.3

 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets
$
462.3

 
$
202.5

 
$
46.2

 
$
5.2

 
$
(12.2
)
 
$
704.0


 
Fiscal Year ended April 30, 2016
 
Automotive
 
Interface
 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net sales
$
623.1

 
$
142.6

 
$
54.1

 
$
0.6

 
$
(11.3
)
 
$
809.1

Transfers between segments
(8.8
)
 
(1.8
)
 
(0.6
)
 
(0.3
)
 
11.5

 
—

Net sales to unaffiliated customers
$
614.3

 
$
140.8

 
$
53.5

 
$
0.3

 
$
0.2

 
$
809.1

 
 
 
 
 
 
 
 
 
 
 
 
Income/(loss) from operations
$
136.8

 
$
2.7

 
$
9.4

 
$
(8.8
)
 
$
(30.4
)
 
$
109.7

Gain on sale of business
 
 
 
 
 
 
 
 
 
 
—

Interest expense, net
 
 
 
 
 
 
 
 
 
 
(0.7
)
Other income, net
 
 
 
 
 
 
 
 
 
 
(0.5
)
Income before income taxes

 


 


 


 


 
$
110.9

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
15.6

 
$
4.3

 
$
2.3

 
$
0.6

 
$
1.1

 
$
23.9

 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets
$
418.4

 
$
184.8

 
$
46.4

 
$
5.0

 
$
1.3

 
$
655.9

 
 
Fiscal Year ended May 2, 2015
 
Automotive
 
Interface

 
Power
Products
 
Other
 
Eliminations/Corporate
 
Consolidated
Net sales
$
633.0

 
$
163.8

 
$
86.1

 
$
5.5

 
$
(7.3
)
 
$
881.1

Transfers between segments
(4.6
)
 
(2.1
)
 
(0.4
)
 
(0.3
)
 
7.4

 
—

Net sales to unaffiliated customers
$
628.4

 
$
161.7

 
$
85.7

 
$
5.2

 
$
0.1

 
$
881.1

 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
$
124.9

 
$
7.0

 
$
23.2

 
$
(6.4
)
 
$
(36.5
)
 
$
112.2

Gain on sale of business
 
 
 
 
 
 
 
 
 
 
(7.7
)
Interest expense, net
 
 
 
 
 
 
 
 
 
 
(0.7
)
Other expense
 
 
 
 
 
 
 
 
 
 
(0.2
)
Income/(loss) before income taxes


 


 


 


 


 
$
120.8

 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
16.6

 
$
2.8

 
$
2.4

 
$
0.4

 
$
1.2

 
$
23.4

 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets
$
365.5

 
$
186.4

 
$
38.5

 
$
3.7

 
$
11.7

 
$
605.8


  
The following table sets forth certain geographic financial information for fiscal years ended April 29, 2017, April 30, 2016 and May 2, 2015.  Geographic net sales and income are determined based our sales and income from our various operational locations. 
 
Fiscal Year Ended
 
April 29,
2017
 
April 30,
2016
 
May 2,
2015
Net Sales:
 

 
 

 
 

U.S.
$
506.9

 
$
491.9

 
$
564.6

China
127.7

 
124.8

 
112.6

Malta
155.5

 
167.1

 
153.5

Other
26.4

 
25.3

 
50.4

Total Net Sales
$
816.5

 
$
809.1

 
$
881.1

 
 
 
 
 
 
Property, Plant and Equipment, Net:
 

 
 

 
 

U.S.
$
44.9

 
$
44.0

 
$
42.7

China
5.9

 
7.4

 
9.0

Malta
26.4

 
28.7

 
28.0

Mexico
4.3

 
3.9

 
5.8

Other
9.1

 
9.0

 
7.8

Total Property, Plant and Equipment, Net
$
90.6

 
$
93.0

 
$
93.3