Goodwill and Other Intangible Assets (Tables)

12 Months Ended

May 02, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of the Changes in Goodwill by Reportable Segment

A summary of the changes in goodwill by reportable segment is as follows:


(in millions)	Automotive			Industrial			Total
Balance as of April 29, 2023	$	106.2		$	195.7		$	301.9
Acquisition		—			(24.3	)		(24.3	)
Impairment		(105.9	)		—			(105.9	)
Foreign currency translation		(0.3	)		(1.5	)		(1.8	)
Gross balance		105.9			169.9			275.8
Accumulated impairment		(105.9	)		—			(105.9	)
Balance as of April 27, 2024		—			169.9			169.9
Foreign currency translation		—			2.8			2.8
Gross balance		105.9			172.7			278.6
Accumulated impairment		(105.9	)		—			(105.9	)
Balance as of May 3, 2025		—			172.7			172.7
Foreign currency translation		—			2.2			2.2
Gross balance		105.9			174.9			280.8
Accumulated impairment		(105.9	)		—			(105.9	)
Balance as of May 2, 2026	$	—		$	174.9		$	174.9

Summary of Goodwill by Reporting Unit

A summary of goodwill by reporting unit is as follows:


(in millions)	May 2, 2026		May 3, 2025
Grakon Industrial	$	125.1	$	124.7
Nordic Lights		48.2		46.4
Other		1.6		1.6
Total	$	174.9	$	172.7

Schedule of Other Intangible Assets, Net

Details of identifiable intangible assets are shown below:


	May 2, 2026
(in millions)	Gross		Accumulated amortization			Net		Weighted average remaining useful life (years)
Amortized intangible assets:
Customer relationships and agreements	$	315.6	$	(120.2	)	$	195.4		13.2
Trade names, patents and technology licenses		77.4		(55.7	)		21.7		5.9
Total amortized intangible assets		393.0		(175.9	)		217.1
Unamortized trade name		1.8		—			1.8
Total other intangible assets	$	394.8	$	(175.9	)	$	218.9


	May 3, 2025
(in millions)	Gross		Accumulated amortization			Net		Weighted average remaining useful life (years)
Amortized intangible assets:
Customer relationships and agreements	$	311.8	$	(102.3	)	$	209.5		14.0
Trade names, patents and technology licenses		76.5		(49.4	)		27.1		6.4
Total amortized intangible assets		388.3		(151.7	)		236.6
Unamortized trade name		1.8		—			1.8
Total other intangible assets	$	390.1	$	(151.7	)	$	238.4

Schedule of Estimated Aggregate Amortization Expense of Intangible Assets

Based on the current amount of intangible assets subject to amortization, the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:


(in millions)
Fiscal Year:
2027	$	22.4
2028		20.2
2029		19.0
2030		17.9
2031		17.5
Thereafter		120.1
Total	$	217.1

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

METHODE ELECTRONICS INC 10-K