(Loss) Income Per Share

12 Months Ended

Apr. 27, 2024

Earnings Per Share [Abstract]

(Loss) Income Per Share

Note 14. (Loss) Income Per Share

Basic (loss) income per share attributable to Methode is calculated by dividing net (loss) income attributable to Methode, by the number of weighted average common shares outstanding for the applicable period, but excludes any contingently issues shares where the contingency has not been resolved. The weighted average number of common shares used in the diluted (loss) 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 (loss) income per share:

	Fiscal Year Ended
	April 27, 2024			April 29, 2023		April 30, 2022
Numerator:
Net (loss) income attributable to Methode (in millions)	$	(123.3	)	$	77.1	$	102.2
Denominator:
Denominator for basic income per share - weighted average shares outstanding and vested/unissued RSUs		35,470,471			36,016,686		37,234,086
Dilutive potential common shares - stock options, RSAs and RSUs		—			758,749		583,360
Denominator for diluted income per share		35,470,471			36,775,435		37,817,446
(Loss) income per share attributable to Methode:
Basic	$	(3.48	)	$	2.14	$	2.74
Diluted	$	(3.48	)	$	2.10	$	2.70
Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding		1,429,229			938,281		928,412

In fiscal 2024, all potential common shares issuable for stock options and RSUs were excluded from the calculation of diluted loss per share, as the effect of including them would have been anti-dilutive. The dilutive effect of potential common shares issuable for stock options and RSUs on the weighted-average number of common shares outstanding would have been approximately 535,378 common shares.