METHODE ELECTRONICS INC
For the period ended May 2, 2026. Filed Jun 24, 2026.
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FY2026 · Filed Jun 24, 2026
MEI$11.86-2.2%Stored close · as of Nov 10, 2026
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Schedule II — Valuation and Qualifying Accounts
| Description | Balance atbeginningof period | (Benefits)/charges toincome | Deductions | Foreign exchange translation | Balance atend ofperiod |
|---|---|---|---|---|---|
| Fiscal Year Ended May 2, 2026 (52 Weeks) | |||||
| Allowance for uncollectible accounts | $3.0 | $0.2 | $(0.5) | $— | $2.7 |
| Inventory obsolescence reserves | $28.9 | $8.0 | $(10.5) | $0.5 | $26.9 |
| Deferred tax valuation allowance | $20.7 | $0.4 | $— | $— | $21.1 |
| Fiscal Year Ended May 3, 2025 (53 Weeks) | |||||
| Allowance for uncollectible accounts | $1.4 | $2.7 | $(1.1) | $— | $3.0 |
| Inventory obsolescence reserves | $25.9 | $20.4 | $(17.8) | $0.4 | $28.9 |
| Deferred tax valuation allowance | $5.8 | $14.9 | $— | $— | $20.7 |
| Fiscal Year Ended April 27, 2024 (52 Weeks) | |||||
| Allowance for uncollectible accounts | $1.3 | $0.3 | $(0.2) | $— | $1.4 |
| Inventory obsolescence reserves | $20.8 | $10.4 | $(5.7) | $0.4 | $25.9 |
| Deferred tax valuation allowance | $6.8 | $(1.0) | $— | $— | $5.8 |
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