$MEI
METHODE ELECTRONICS INC

2017 Q3 Form 10-Q Financial Statement

#000006527017000029 Filed on August 31, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $201.2M $191.9M
YoY Change 4.85% -5.61%
Cost Of Revenue $145.6M $137.8M
YoY Change 5.66% -7.95%
Gross Profit $55.60M $54.10M
YoY Change 2.77% 0.93%
Gross Profit Margin 27.63% 28.19%
Selling, General & Admin $29.60M $26.80M
YoY Change 10.45% 15.52%
% of Gross Profit 53.24% 49.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.000M $5.200M
YoY Change -3.85% -7.14%
% of Gross Profit 8.99% 9.61%
Operating Expenses $29.60M $26.80M
YoY Change 10.45% 15.52%
Operating Profit $25.40M $26.70M
YoY Change -4.87% -12.17%
Interest Expense -$200.0K $0.00
YoY Change -100.0%
% of Operating Profit -0.79% 0.0%
Other Income/Expense, Net -$800.0K $0.00
YoY Change -100.0%
Pretax Income $24.80M $26.70M
YoY Change -7.12% -13.59%
Income Tax $4.300M $5.500M
% Of Pretax Income 17.34% 20.6%
Net Earnings $20.50M $21.20M
YoY Change -3.3% -9.79%
Net Earnings / Revenue 10.19% 11.05%
Basic Earnings Per Share $0.55 $0.57
Diluted Earnings Per Share $0.55 $0.57
COMMON SHARES
Basic Shares Outstanding 37.25M shares 37.32M shares
Diluted Shares Outstanding 37.56M shares 37.47M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.9M $249.3M
YoY Change 19.49% 48.48%
Cash & Equivalents $297.9M $249.3M
Short-Term Investments
Other Short-Term Assets $19.10M $16.60M
YoY Change 15.06% -44.3%
Inventory $64.80M $66.20M
Prepaid Expenses
Receivables $164.5M $155.8M
Other Receivables $600.0K $0.00
Total Short-Term Assets $546.9M $487.9M
YoY Change 12.09% 14.24%
LONG-TERM ASSETS
Property, Plant & Equipment $117.4M $90.30M
YoY Change 30.01% 0.44%
Goodwill $18.00M $1.700M
YoY Change 958.82% 6.25%
Intangibles $18.10M $8.400M
YoY Change 115.48% -21.5%
Long-Term Investments
YoY Change
Other Assets $119.1M $17.90M
YoY Change 565.36% -9.14%
Total Long-Term Assets $236.5M $77.90M
YoY Change 203.59% 10.03%
TOTAL ASSETS
Total Short-Term Assets $546.9M $487.9M
Total Long-Term Assets $236.5M $77.90M
Total Assets $783.4M $656.1M
YoY Change 19.4% 11.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $81.20M $69.30M
YoY Change 17.17% 1.91%
Accrued Expenses $35.40M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $3.800M $0.00
YoY Change
Long-Term Debt Due $3.800M
YoY Change
Total Short-Term Liabilities $126.5M $105.2M
YoY Change 20.25% 1.15%
LONG-TERM LIABILITIES
Long-Term Debt $47.60M $54.00M
YoY Change -11.85% 2600.0%
Other Long-Term Liabilities $6.400M $2.600M
YoY Change 146.15% -33.33%
Total Long-Term Liabilities $6.400M $2.600M
YoY Change 146.15% -33.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.5M $105.2M
Total Long-Term Liabilities $6.400M $2.600M
Total Liabilities $194.0M $107.8M
YoY Change 79.96% -0.09%
SHAREHOLDERS EQUITY
Retained Earnings $446.6M $376.2M
YoY Change 18.71% -0.08%
Common Stock $19.10M $136.3M
YoY Change -85.99% 8.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.50M
YoY Change 0.0% -37.5%
Treasury Stock Shares 1.347M shares 1.347M shares
Shareholders Equity $589.4M $485.9M
YoY Change
Total Liabilities & Shareholders Equity $783.4M $656.1M
YoY Change 19.4% 11.62%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $20.50M $21.20M
YoY Change -3.3% -9.79%
Depreciation, Depletion And Amortization $5.000M $5.200M
YoY Change -3.85% -7.14%
Cash From Operating Activities $23.60M $34.40M
YoY Change -31.4% 81.05%
INVESTING ACTIVITIES
Capital Expenditures $8.000M $4.200M
YoY Change 90.48% -28.81%
Acquisitions $22.20M $0.00
YoY Change
Other Investing Activities -$21.90M
YoY Change
Cash From Investing Activities -$29.90M -$4.200M
YoY Change 611.9% -28.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.700M -$5.400M
YoY Change 5.56% -43.75%
NET CHANGE
Cash From Operating Activities $23.60M $34.40M
Cash From Investing Activities -$29.90M -$4.200M
Cash From Financing Activities -$5.700M -$5.400M
Net Change In Cash -$12.00M $24.80M
YoY Change -148.39% 608.57%
FREE CASH FLOW
Cash From Operating Activities $23.60M $34.40M
Capital Expenditures $8.000M $4.200M
Free Cash Flow $15.60M $30.20M
YoY Change -48.34% 130.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q3 dei Amendment Flag
AmendmentFlag
false
CY2017Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-28
CY2017Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2017Q3 dei Document Period End Date
DocumentPeriodEndDate
2017-07-29
CY2017Q3 dei Document Type
DocumentType
10-Q
CY2017Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000065270
CY2017Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
36810853 shares
CY2017Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q3 dei Entity Registrant Name
EntityRegistrantName
METHODE ELECTRONICS INC
CY2016Q3 mei Interest Expense Income Net
InterestExpenseIncomeNet
0 USD
CY2017Q3 mei Interest Expense Income Net
InterestExpenseIncomeNet
-200000 USD
CY2017Q3 mei Lineof Credit Facility Accordian Feature Increase Limit
LineofCreditFacilityAccordianFeatureIncreaseLimit
100000000 USD
CY2017Q3 mei Repaymentsof Linesof Credit Including Accrued Interest
RepaymentsofLinesofCreditIncludingAccruedInterest
2200000 USD
CY2017Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
75300000 USD
CY2017Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
81200000 USD
CY2017Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
165300000 USD
CY2017Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
164500000 USD
CY2017Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
12700000 USD
CY2017Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6100000 USD
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
246100000 USD
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
259100000 USD
CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-25700000 USD
CY2017Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1100000 USD
CY2017Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
132200000 USD
CY2017Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
136300000 USD
CY2016Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
600000 USD
CY2017Q2 us-gaap Assets
Assets
704000000 USD
CY2017Q3 us-gaap Assets
Assets
783400000 USD
CY2017Q2 us-gaap Assets Current
AssetsCurrent
530300000 USD
CY2017Q3 us-gaap Assets Current
AssetsCurrent
546900000 USD
CY2017Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
48200000 USD
CY2017Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
62000000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
227800000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
249300000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
294000000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
297900000 USD
CY2016Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
21500000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3900000 USD
CY2017Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
7800000 USD
CY2017Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
8100000 USD
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.5
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.5
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2017Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38133925 shares
CY2017Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
38157477 shares
CY2017Q2 us-gaap Common Stock Value
CommonStockValue
19100000 USD
CY2017Q3 us-gaap Common Stock Value
CommonStockValue
19100000 USD
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14500000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
45100000 USD
CY2016Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
137800000 USD
CY2017Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
145600000 USD
CY2017Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
8900000 USD
CY2017Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
9200000 USD
CY2017Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
40400000 USD
CY2017Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
44700000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
0 USD
CY2017Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4300000 USD
CY2016Q3 us-gaap Depreciation
Depreciation
5200000 USD
CY2017Q3 us-gaap Depreciation
Depreciation
5000000 USD
CY2016Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3300000 USD
CY2017Q3 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
15900000 USD
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.206
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
18700000 USD
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
17500000 USD
CY2016Q3 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
300000 USD
CY2017Q3 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35600000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36100000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3300000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
3100000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1300000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1300000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1400000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
42200000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
54200000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6600000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18100000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
1600000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
18000000 USD
CY2017Q3 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
16300000 USD
CY2017Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
100000 USD
CY2017Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
54100000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
55600000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
26700000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24800000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.55
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.55
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5500000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4300000 USD
CY2017Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
600000 USD
CY2017Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
600000 USD
CY2016Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7900000 USD
CY2017Q3 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-11100000 USD
CY2016Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17600000 USD
CY2017Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15100000 USD
CY2016Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
600000 USD
CY2017Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1500000 USD
CY2016Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5300000 USD
CY2017Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9100000 USD
CY2017Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
1800000 USD
CY2017Q3 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
1800000 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6600000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18100000 USD
CY2017Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
10900000 USD
CY2017Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
15700000 USD
CY2017Q2 us-gaap Inventory Net
InventoryNet
57900000 USD
CY2017Q3 us-gaap Inventory Net
InventoryNet
64800000 USD
CY2017Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
38300000 USD
CY2017Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
40600000 USD
CY2017Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8700000 USD
CY2017Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8500000 USD
CY2017Q2 us-gaap Land
Land
600000 USD
CY2017Q3 us-gaap Land
Land
600000 USD
CY2017Q2 us-gaap Liabilities
Liabilities
162900000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
194000000 USD
CY2017Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
704000000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
783400000 USD
CY2017Q2 us-gaap Liabilities Current
LiabilitiesCurrent
124400000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
126500000 USD
CY2017Q3 us-gaap Line Of Credit
LineOfCredit
25000000 USD
CY2017Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
150000000 USD
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
27000000 USD
CY2017Q3 us-gaap Long Term Debt
LongTermDebt
47600000 USD
CY2017Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
287900000 USD
CY2017Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
313900000 USD
CY2016Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5400000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5700000 USD
CY2016Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4200000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-29900000 USD
CY2016Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34400000 USD
CY2017Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23600000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
21200000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
20500000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-800000 USD
CY2017Q3 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
26700000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
25400000 USD
CY2017Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17700000 USD
CY2017Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
17900000 USD
CY2017Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
11200000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
11000000 USD
CY2017Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
83100000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
119100000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6700000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
24600000 USD
CY2017Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2600000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6400000 USD
CY2016Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3300000 USD
CY2017Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3400000 USD
CY2016Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
300000 USD
CY2017Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
300000 USD
CY2016Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22200000 USD
CY2016Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4200000 USD
CY2017Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000000 USD
CY2017Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12500000 USD
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19100000 USD
CY2017Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
15500000 USD
CY2017Q3 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
19200000 USD
CY2017Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
7100000 USD
CY2017Q3 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
7100000 USD
CY2017Q3 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2016Q3 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
0 USD
CY2017Q3 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
300000 USD
CY2016Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
900000 USD
CY2017Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
336700000 USD
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
376500000 USD
CY2017Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
90600000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
117400000 USD
CY2016Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000 USD
CY2017Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2000000 USD
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
427000000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
446600000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
191900000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
201200000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26800000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29600000 USD
CY2016Q3 us-gaap Share Based Compensation
ShareBasedCompensation
3600000 USD
CY2017Q3 us-gaap Share Based Compensation
ShareBasedCompensation
4100000 USD
CY2017Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
3800000 USD
CY2017Q2 us-gaap Stockholders Equity
StockholdersEquity
541100000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
589400000 USD
CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
146744 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
312551 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37469292 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37561240 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37322548 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37248689 shares

Files In Submission

Name View Source Status
0000065270-17-000029-index-headers.html Edgar Link pending
0000065270-17-000029-index.html Edgar Link pending
0000065270-17-000029.txt Edgar Link pending
0000065270-17-000029-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mei-20170729.xml Edgar Link completed
mei-20170729.xsd Edgar Link pending
mei-20170729_cal.xml Edgar Link unprocessable
mei-20170729_def.xml Edgar Link unprocessable
mei-20170729_lab.xml Edgar Link unprocessable
mei-20170729_pre.xml Edgar Link unprocessable
mei0729201710qq1.htm Edgar Link pending
meiexhibit31107292017.htm Edgar Link pending
meiexhibit31207292017.htm Edgar Link pending
meiexhibit3207292017.htm Edgar Link pending
methodelog080115a06.gif Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending