Earnings per Share (Tables)

12 Months Ended

Apr. 29, 2023

Computation 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:


	Fiscal Year Ended
	(52 weeks)		(53 weeks)		(52 weeks)
(Amounts in thousands)	4/29/2023		4/30/2022		4/24/2021
Numerator (basic and diluted):
Net income attributable to La-Z-Boy Incorporated	$	150,664	$	150,017	$	106,461
Income allocated to participating securities (1)	—		(7)		(46)
Net income available to common Shareholders	$	150,664	$	150,010	$	106,415

Denominator:
Basic weighted average common shares outstanding	43,148		44,023		45,983
Contingent common shares	91		79		171
Stock option dilution	1		192		213
Diluted weighted average common shares outstanding	43,240		44,294		46,367

Earnings per Share:
Basic	$	3.49	$	3.41	$	2.31
Diluted	$	3.48	$	3.39	$	2.30

(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.