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(Loss) Income per Share (Tables)
6 Months Ended
Oct. 28, 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 (loss) income per share attributable to Methode:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

October 28, 2023

 

 

October 29, 2022

 

 

October 28, 2023

 

 

October 29, 2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Methode (in millions)

 

$

(55.3

)

 

$

27.6

 

 

$

(54.4

)

 

$

49.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income per share - weighted average shares outstanding and vested/unissued restricted stock units

 

 

35,671,677

 

 

 

36,126,132

 

 

 

35,679,776

 

 

 

36,346,054

 

Dilutive potential common shares

 

 

—

 

 

 

715,699

 

 

 

—

 

 

 

682,762

 

Denominator for diluted income per share

 

 

35,671,677

 

 

 

36,841,831

 

 

 

35,679,776

 

 

 

37,028,816

 

 

 

 

 

 

 

 

 

 

 

 

 

(Loss) income per share attributable to Methode:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.55

)

 

$

0.76

 

 

$

(1.52

)

 

$

1.35

 

Diluted

 

$

(1.55

)

 

$

0.75

 

 

$

(1.52

)

 

$

1.33

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding

 

 

1,543,183

 

 

 

940,510

 

 

 

1,536,206

 

 

 

934,522