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Income Per Share (Tables)
12 Months Ended
Apr. 29, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Income per Share

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