Earnings per Share (Tables)

3 Months Ended

Jul. 30, 2022

Schedule of Basic and Diluted Earnings per Share

The following is a reconciliation of the numerators and denominators we used in our computations of basic and diluted earnings per share:


	Quarter Ended
(Unaudited, amounts in thousands, except per share data)	7/30/2022		7/24/2021
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	38,488	$	24,566
Income allocated to participating securities (1)	—		(5)
Net income available to common Shareholders	$	38,488	$	24,561

Denominator:
Basic weighted average common shares outstanding	43,092		45,072
Contingent common shares	50		—
Stock option dilution	—		332
Diluted weighted average common shares outstanding	43,142		45,404

Earnings per Share:
Basic	$	0.89	$	0.54
Diluted	$	0.89	$	0.54

(1)Prior to fiscal 2019, we granted restricted stock awards that contained non-forfeitable rights to dividends on unvested shares, and we are required to include these participating securities in calculating our basic earnings per common share, using the two-class method.