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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