Income (Loss) Per Share

12 Months Ended

May 02, 2026

Note 14. Income (Loss) Per Share

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


	Fiscal Year Ended
	May 2, 2026			May 3, 2025			April 27, 2024
	(52 Weeks)			(53 Weeks)			(52 Weeks)
Net income (loss) attributable to Methode (in millions)	$	(35.7	)	$	(62.6	)	$	(123.3	)

Basic weighted average shares outstanding		35,521,615			35,330,586			35,470,471
Dilutive effect of common stock equivalents		—			—			—
Diluted weighted average shares outstanding		35,521,615			35,330,586			35,470,471

Income (loss) per share attributable to Methode:
Basic	$	(1.01	)	$	(1.77	)	$	(3.48	)
Diluted	$	(1.01	)	$	(1.77	)	$	(3.48	)

Number of anti-dilutive potentially issuable shares excluded from diluted common shares outstanding		410,350			1,156,752			1,429,229

In fiscal 2026, fiscal 2025 and fiscal 2024, all potential common shares issuable for stock options, PSUs 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 351,000, 230,000 and 535,378 common shares, respectively, for fiscal 2026, fiscal 2025 and fiscal 2024.