Income Per Share

12 Months Ended

Apr. 29, 2023

Earnings Per Share [Abstract]

Income Per Share

Note 14. Income Per Share

Basic income per share attributable to Methode is calculated by dividing net income attributable to Methode, by the number of weighted average common shares outstanding for the applicable period. The weighted average number of common shares used in the diluted income per share calculation is determined using the treasury stock method which includes the effect of all potential dilutive common shares outstanding during the period.

The following table sets forth the computation of basic and diluted income per share:

	Fiscal Year Ended
	April 29, 2023		April 30, 2022		May 1, 2021
Numerator:
Net income attributable to Methode (in millions)	$	77.1	$	102.2	$	122.3
Denominator:
Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs		36,016,686		37,234,086		38,038,615
Dilutive potential common shares - stock options, RSAs and RSUs		758,749		583,360		267,671
Denominator for diluted income per share		36,775,435		37,817,446		38,306,286
Basic and diluted income per share attributable to Methode:
Basic income per share	$	2.14	$	2.74	$	3.22
Diluted income per share	$	2.10	$	2.70	$	3.19
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding		938,281		928,412		738,167