XML 13 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jan. 23, 2016
Jan. 24, 2015
Jan. 23, 2016
Jan. 24, 2015
Income Statement        
Sales $ 384,014 $ 357,876 $ 1,108,328 $ 1,050,457
Cost of sales 236,024 228,317 690,300 679,497
Gross profit 147,990 129,559 418,028 370,960
Selling, general and administrative expense 113,206 102,631 329,884 297,349
Operating income 34,784 26,928 88,144 73,611
Interest expense 120 131 365 408
Interest income 204 232 573 667
Income from Continued Dumping and Subsidy Offset Act, net 102   102  
Other income (expense), net (93) 805 2,387 699
Income from continuing operations before income taxes 34,877 27,834 90,841 74,569
Income tax expense 12,643 9,477 32,825 25,975
Income from continuing operations 22,234 18,357 58,016 48,594
Income from discontinued operations, net of tax   115   2,897
Net income 22,234 18,472 58,016 51,491
Net income attributable to noncontrolling interests (328) (524) (1,482) (933)
Net income attributable to La-Z-Boy Incorporated 21,906 17,948 56,534 50,558
Net income attributable to La-Z-Boy Incorporated:        
Income from continuing operations attributable to La-Z-Boy Incorporated 21,906 17,833 56,534 47,661
Income from discontinued operations   115   2,897
Net income attributable to La-Z-Boy Incorporated $ 21,906 $ 17,948 $ 56,534 $ 50,558
Basic weighted average common shares (in shares) 50,038 51,576 50,371 52,015
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) $ 0.44 $ 0.35 $ 1.12 $ 0.91
Income from discontinued operations (in dollars per share)       0.06
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share) $ 0.44 $ 0.35 $ 1.12 $ 0.97
Diluted weighted average common shares (in shares) 50,539 52,139 50,880 52,540
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) $ 0.43 $ 0.34 $ 1.11 $ 0.90
Income from discontinued operations (in dollars per share)       0.06
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share) 0.43 0.34 1.11 0.96
Dividends declared per share (in dollars per share) $ 0.10 $ 0.08 $ 0.26 $ 0.20