XML 16 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Apr. 29, 2017
Apr. 30, 2016
Apr. 25, 2015
CONSOLIDATED STATEMENT OF INCOME      
Sales $ 1,520,060 $ 1,525,398 $ 1,425,395
Cost of sales 913,518 943,362 920,903
Gross profit 606,542 582,036 504,492
Selling, general and administrative expense 475,961 459,647 401,327
Operating income 130,581 122,389 103,165
Interest expense 1,073 486 523
Interest income 981 827 1,030
Income from Continued Dumping and Subsidy Offset Act, net 273 102 1,212
Other income (expense), net (22) 2,211 744
Income from continuing operations before income taxes 130,740 125,043 105,628
Income tax expense 43,756 44,080 36,954
Income from continuing operations 86,984 80,963 68,674
Income from discontinued operations, net of tax     3,297
Net income 86,984 80,963 71,971
Net income attributable to noncontrolling interests (1,062) (1,711) (1,198)
Net income attributable to La-Z-Boy Incorporated 85,922 79,252 70,773
Net income attributable to La-Z-Boy Incorporated:      
Income from continuing operations attributable to La-Z-Boy Incorporated 85,922 79,252 67,476
Income from discontinued operations     3,297
Net income attributable to La-Z-Boy Incorporated $ 85,922 $ 79,252 $ 70,773
Basic weighted average common shares (in shares) 48,963 50,194 51,767
Basic net income attributable to La-Z-Boy Incorporated per share:      
Income from continuing operations attributable to La-Z-Boy Incorporated (in dollars per share) $ 1.75 $ 1.57 $ 1.30
Income from discontinued operations, net of tax (in dollars per share)     0.06
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 1.75 $ 1.57 $ 1.36
Diluted weighted average common shares (in shares) 49,470 50,765 52,346
Diluted net income attributable to La-Z-Boy Incorporated per share:      
Income from continuing operations attributable to La-Z-Boy Incorporated (in dollars per share) $ 1.73 $ 1.55 $ 1.28
Income from discontinued operations, net of tax (in dollars per share)     0.06
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) 1.73 1.55 1.34
Dividends declared per share (in dollars per share) $ 0.42 $ 0.36 $ 0.28